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Posts on ‘May 17th, 2012’

Shell re-enters coal with swaps trading

By Jacqueline Cowhig

LONDON | Thu May 17, 2012 12:16pm BST

May 17 (Reuters) – Shell International Trading and Shipping Company Ltd this month resumed trading in coal derivatives more than a decade after parent Royal Dutch Shell exited the coal business and sold its mines, sources close to the company said.

Shell declined to comment.

Shell actively trades power, gas and carbon so the move back into coal fills a gap in the energy markets it trades and will enable more effective spread-trading and hedging, they said. 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: Liquid Shales Could Have Big Impact On Energy Mix

May 17,2012

LONDON -(Dow Jones)- Shale rock formations that contain liquid hydrocarbons as well as natural gas could have a ” significant” impact on world energy supplies but it is too early to say for sure, a senior Royal Dutch Shell PLC (RDSB) executive said Thursday.

“It is too early to predict the impact if liquid rich shales. It could be significant,” said Ruth Cairnie, Shell executive vice president for strategy and planning. 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 starts repair work in Nigeria

LAGOS, Nigeria, May 17 (UPI) — A Shell subsidiary in Nigeria announced it started repairs on a crude oil pipeline in the country following an early May closure and force majeure declaration.

Shell declared force majeure on Bonny Light crude, the Nigerian blend, as of May 4.

“The action is due to production deferment caused by incessant crude theft and illegal bunkering on Nembe Creek Trunkline,” the company said in a statement.

The shutdown means 60,000 barrels of oil per day is deferred while repairs take place. 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.

Gas discovery for Cove may rock boat for Shell

The Irish Times – Wednesday, May 16, 2012

BARRY O’HALLORAN and CIARA O’BRIEN

EXPLORATION GROUP Cove Energy yesterday reported a new gas find off Mozambique, raising speculation that a new bidder could attempt to trump an existing $1.8 billion offer from Shell for the company.

Cove said Anadarko, its partner in the Rovuma licence off the east African country, had between seven trillion and 20 trillion cubic feet of recoverable gas in the Golfinho exploration well where one of its partners had been drilling. 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 millions tied to study

May 16, 2012 – 8:04pm By JOANN ALBERSTAT Business Reporter

Geologist: Analysis spurred energy giant’s N.S. program

A $15-million government-funded study on Nova Scotia’s offshore oil and gas potential helped spur Shell’s $1-billion exploration program here, a Houston-based chief geologist with the global energy giant said Wednesday in Halifax.

Brad Prather, who works in deepwater exploration for the company’s Upstream Americas division, told a renewable energy research and development forum that the study played an important role in the super major’s decision to start looking for oil and gas here again. 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.

Groups appeal air permit for Shell Arctic drilling

by Dan Joling / Associated Press: May 16, 2012

ANCHORAGE, Alaska – Environmental and Alaska Native groups on Wednesday appealed an air permit granted by the Environmental Protection Agency to a Shell Oil drilling ship that could be used this summer in the Arctic Ocean off Alaska’s northern shore.

The groups claim the Kulluk and support vessels will put harmful pollutants into the skies, adding problems to a region already beset by climate warming, and that the EPA granted the permit without consideration of all national environmental laws and regulations.

“EPA did not analyze whether the Kulluk will comply with all standards, and they relied on modeling tricks to reduce the measured impact.” Earthjustice attorney Colin O’Brien said. 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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