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Posts on ‘October 27th, 2011’

North Sea oil spill risk ‘unacceptably high’, claims European commission

The Guardian home

Commission says new laws needed to prevent another Deepwater Horizon, as Shell and Exxon reveal massive profits

Shell made $7.2bn in profits in the third quarter. Photograph: Royal Dutch Shell/EPA

The European commission has warned that the likelihood of a Deepwater Horizon-type accident in the North Sea remains “unacceptably high” as it outlined new laws to counter the danger.

The moves have angered the UK government and offshore oil industry while threatening to put a brake on some of the huge profits declared by big North Sea operators Shell and ExxonMobil.

Brussels officials defended their plans to in effect seize overall control of North Sea regulation from the British authorities. 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.

Motiva Texas expansion 90 pct complete – Shell

Thu Oct 27, 2011 11:09am EDT

* Port Arthur refinery will be 600,000 bpd

* Will be deep conversion plant

* Refinery to process wide variety of crude oils

NEW YORK, Oct 27 (Reuters) – The expansion of the Motiva Port Arthur, Texas refinery is 90 percent complete and start-up procedures are slated to begin in the first half of next year, Shell officials said on Thursday.

The officials made the remarks about the refinery, jointly owned by Royal Dutch Shell and Saudi Aramco, in a third-quarter earnings conference call.

The refinery is currently rated at 325,000 barrels per day of input capacity and will expand to 600,000 bpd once the expansion is complete. 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.

ASA BANS SHELL FUELSAVE ADVERTISING FALSE CLAIMS

Action

Ad (a) must not appear again in its current form. Ad (b) must not be broadcast again in its current form. We told Shell to ensure that they held adequate substantiation for their advertising claims in future.


Shell UK Ltd

Shell Centre
London
SE1 7NA

Date:

19 October 2011

Media:

Radio, Direct mail

Sector:

Business

Number of complaints:

3

Complaint Ref:

A11-154707

A direct mailing and a radio ad for fuel:

a. The direct mailing, sent in early March 2011, was headed “Our scientists have developed a regular fuel to help you save”. Further text stated “The scientists at Shell are committed to creating fuels that improve your fuel economy. Their latest fuels – Shell FuelSave Unleaded and Diesel – are designed to help you save fuel and money. These advanced fuels each have a special formula enriched with a Shell Efficiency Improver combined with a special detergent package – designed to improve your fuel economy from the very first fill. And of course you’ll collect one point for every litre you buy”. Next to the text was an image of a man dressed in a lab coat holding a full 1 litre measuring glass, with text on it that stated “SAVE UP TO 1 LITRE PER TANK* AT NO EXTRA COST”. 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.

Shell Reports Higher Q3 Earnings on Oil Prices

By Eduard Gismatullin – Oct 27, 2011 8:25 AM GMT+0100

Royal Dutch Shell Plc, Europe’s biggest oil company, said third-quarter profit doubled as energy prices rose and it ramped up projects from Qatar to Canada.

Net income increased to $7 billion from $3.5 billion a year earlier, The Hague-based Shell said today in a statement. Excluding one-time items and inventory changes, earnings beat analyst estimates.

Chief Executive Officer Peter Voser is seeking to boost output with a $100 billion investment plan through 2014, including the Pearl gas-to-liquids and Qatargas 4 liquefied natural-gas projects and an upgrade at an oil-sands project in Alberta. Shell has sold about $6.2 billion of assets this year, exceeding a $5 billion target. 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.

Kashagan Expansion May Finish Earlier, KazMunaiGaz CEO Says

October 26, 2011, 7:24 PM EDT

By Nariman Gizitdinov and Hellmuth Tromm

Oct. 27 (Bloomberg) — Royal Dutch Shell Plc and other partners in the Kashagan venture may complete expansion as early as 2017, allowing Kazakhstan to reach its goal of becoming one of the world’s biggest oil exporters faster.

“If the partners will choose the field’s development conception by the end of this year or beginning of next year” and the government approves it, the expansion may be finished by 2017 or 2018, as much as a year earlier than the company previously estimated, said Bolat Akchulakov, chief executive officer of KazMunaiGaz National Co., a partner in the project. 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.

A Coast Guard Challenge: Arctic Drilling

October 26, 2011, 6:15 pm

By WILLIAM YARDLEY

As I noted in my article in Wednesday’s paper, Shell Oil has received several preliminary permits to begin drilling exploratory wells off the Arctic coast of Alaska next summer even as foes of drilling there argue that the severe conditions — ice, darkness, brutal storms — will make it impossible to properly respond to a spill or other problem.

Opponents are also challenging Shell’s plans for other reasons, including the carbon dioxide emissions resulting from all of the new work and vessel traffic. Some Native Alaskan groups have joined environmental groups in the fight. 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.

Shell’s Q3 profits soar on higher oil price

(Reuters) – Royal Dutch Shell Plc (RDSa.L) reported a doubling in profits on Thursday thanks to higher oil prices, robust demand for gas and stronger refining margins, and said it would continue to sell off non-core assets.

Europe’s largest oil company by market value said it’s current cost of supply (CCS) net income was $7.2 billion, a 100 percent rise on the same period last year when non-cash accounting charges weighed on the result.

The underlying result was broadly in line with analysts forecasts. 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.

Shell’s Profit Soars

OCTOBER 27, 2011

By ALEXIS FLYNN

LONDON—Royal Dutch Shell PLC Thursday said its net profit in the third quarter more than doubled, driven by strong oil and rising natural-gas prices as major projects have started to raise production.

Net profit for the quarter totaled $6.98 billion, compared with $3.46 billion a year earlier. Revenue was $123.41 billion, compared with $90.71 billion.

The results reveal that the company is reaping rewards for its heavy investment in new infrastructure, some of which enables it to turn less valuable hydrocarbons like natural gas and oil sands into high quality transport fuels and lubricants. 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.