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Posts on ‘May 11th, 2010’

Shell Finds More Evidence of Oil in Brazilian Field

BusinessWeek Logo

By Peter Millard and Joao Lima

May 11 (Bloomberg) — Royal Dutch Shell Plc, Europe’s biggest oil company by market value, found more evidence of oil at a project in Brazil’s offshore Campos Basin where the company has increased production faster than expected.

Shell made the discovery at the Nautilus field, which is 1,571.75 meters (5,157 feet) deep, the Brazilian petroleum regulator said. The field, located in block BC-10, was declared a commercial find in December 2005.

Companies including Shell, Chevron Corp. and Galp Energia SGPS SA have boosted production this year in Brazil’s Atlantic waters, where state-run Petroleo Brasileiro SA made the largest oil discovery in the Americas since 1976 at the Tupi field. Shell has brought production on line at BC-10 faster than it expected, Chief Financial Officer Simon Henry said in a conference call with investors April 28. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Ex-Shell Oil President Hofmeister’s 2 cents on Deepwater Horizon…

THE NEW YORK TIMES

Plan B in the Gulf

By RIKI OTT, KEN ARNOLD, JOHN HOFMEISTER, TERRY HAZEN and KEVIN M. YEAGER

A version of this article appeared in print on May 11, 2010, on page A23 of the New York edition.

Over the weekend BP learned that its latest effort at stanching the Deepwater Horizon oil spill — placing a huge metal dome over the leak — had failed. With the oil slick now washing up on the Louisiana shore, the Op-Ed editors asked five experts for their thoughts on what should be done now — and how we can avoid future catastrophes.

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royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

US oil industry watchdog to be broken up

Some staff had also accepted gifts and free holidays, amid “a culture of ethical failure”, according to the investigation.

BBC NEWS

One of the New Harbor Islands is protected by two oil booms  against the oil slick

Experts fear the oil could cause an ecological disaster

The US is to break up a federal oil industry watchdog – amid conflict of interest fears – following the Gulf of Mexico oil spill disaster.

Interior Secretary Ken Salazar unveiled the plans to split up the Minerals Management Service, which both inspects rigs and collects oil royalties.

Oil executives have been passing blame, as they were grilled at a Senate hearing into the spill, amid protests.

President Barack Obama says he is “frustrated” the leak is not plugged. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Exxon, Shell Said to Consider Sale of German Gas-Storage Sites

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By Nicholas Comfort

May 11 (Bloomberg) — Exxon Mobil Corp. and Royal Dutch Shell Plc are considering a sale of natural-gas storage capacity in Germany as they focus on exploration, according to three people familiar with the matter.

The companies may begin a sale process next month after deciding which assets to offload from their BEB Erdgas und Erdoel GmbH unit, said one of the people, who declined to be identified because the plans are private.

Shell and Exxon hold equal stakes in the Hanover, Germany- based gas-storage operator, which has about 2 billion cubic meters of working storage spread over three facilities in the north of the country, according to its Web site. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.
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