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Posts on ‘September 15th, 2010’

Utilities circle Exxon, Shell gas storage sites-sources

REUTERS

AMSTERDAM/STUTTGART, Sept 15 (Reuters) – At least two utilities are eyeing the German gas storage assets of Exxon Mobil Corp (XOM.N) and Royal Dutch Shell Plc (RDSa.L), valued at up to 1 billion euros ($1.30 billion), people familiar with the matter said Wednesday.

German power utility EnBW (EBKG.DE) is one of the contenders and is in talks with Antin Infrastructure Partners, a fund backed by BNP Paribas (BNPP.PA), about submitting a joint offer, sources familiar with the negotiations said.

“EnBW is interested. They are checking and exploring the offer as other interested buyers are,” said one of the sources close to EnBW. read more

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Shell: oil sands project adds 100,000 barrels/day

BusinessWeek Logo

AMSTERDAM

Royal Dutch Shell PLC said Wednesday a major oil sands project in Canada is now producing 100,000 barrels per day, nearly doubling the company’s production from the unconventional source.

The Jackpine Mine project has been five years in the building and cost an estimated $2 billion. With it on line, total production by the Shell-operated Athabasca Oil Sands Project has increased to a quarter of a million barrels per day. Shell’s total production was 3.11 million barrels of oil and equvalents per day in the second quarter. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

Shell Starts Output at Canadian Oil-Sand Expansion

Bloomberg

By Fred Pals – Sep 15, 2010 10:03 AM GMT+0100

Royal Dutch Shell Plc, Europe’s largest oil company, started production at the 100,000 barrel-a- day expansion of its oil sands development in Canada.

The company completed the Jackpine Mine at the project in northern Alberta, adding capacity to the existing Muskeg River Mine’s 155,000 barrels of oil equivalent a day, Shell said today in a statement. Output will rise toward capacity in 2011 once the Scotford upgrader is ready, Shell said.

Canada’s oil sands, a mixture of sand, clay, water and a heavy oil called bitumen, contain the world’s second-largest proven concentration of crude at about 170 billion barrels. Higher oil prices and advances in technology have prompted companies including Shell and BP Plc to invest in tapping Canada’s oil sands. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

BP lacked ‘basic safety’ in North Sea before Gulf of Mexico oil spill, HSE investigation finds

DAILY TELEGRAPH

BP was subject to an investigation in the North Sea which found new staff were not trained to “basic safety standards” – six months before its Gulf of Mexico accident.

By Rowena Mason
Published: 10:40PM BST 14 Sep 2010

The blaze after the explosion on the Deepwater Horizon oil rig

The Health and Safety Executive (HSE) began its inquiry after a complaint by a worker on the Clair rig off the Shetlands, near to where BP is about to begin deepwater drilling.

The conclusions, sent to BP executives in a letter in October last year, found “training of some new personnel to basic safety standards was ineffective”.

The letter, obtained by The Daily Telegraph under Freedom of Information laws, added there was “evidence of a culture among your contractors, Seawell (up to senior levels of management), of working outside of procedures, permit or permit conditions”. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com