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Posts on ‘June 5th, 2012’

Shell Permits Would Help U.S. Keep Pace in Arctic, Salazar Says

By Katarzyna Klimasinska – Jun 5, 2012 6:46 PM GMT+0100

The U.S. is considering final permits letting Royal Dutch Shell Plc (RDSA) explore for oil in the Arctic Ocean as the nation seeks to keep pace with Russia, Norway and Canada, Interior Secretary Ken Salazar said.

Shell is closer to drilling as many as five wells in the Beaufort and Chukchi seas this year, after agreeing to build an oil-spill containment system and add precautions to protect native Alaskans and animals such as polar bears and walrus. Federal waters off Alaska’s coast may hold 26.6 billion barrels of oil, according to a 2011 assessment from the Interior Department. read more

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Motiva Port Arthur refinery unit still offline-sources

Tue Jun 5, 2012 3:02pm EDT

* Crude unit expected back in operation Wednesday A.M.
* New unit was centerpiece of $10-billion expansion

HOUSTON, June 5 (Reuters) – A newly commissioned 325,000 barrel per day (bpd) crude distillation unit at Motiva Enterprises’ 600,000 bpd Port Arthur, Texas, refinery remained out of production on Tuesday for repairs to a leaking valve, according to sources familiar with refinery operations.

The unit was expected to return to production as early as Wednesday morning once the repairs are completed, the sources said. The CDU was placed on circulation meaning it has crude oil in it and remains at the high temperature needed for refining. 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

High costs slow Shell’s Arrow LNG project

HIGH cost pressures faced by the oil and gas industry have been reflected in Royal Dutch Shell’s contrasting approach to two separate liquefied natural gas developments, with Shell chief executive Peter Voser signalling that progress at the company’s huge Arrow LNG project in Queensland would not be rushed.

In contrast, Mr Voser indicated the revolutionary $12 billion Prelude floating LNG project, the first of its kind, was progressing unaffected by cost pressures because most of the upfront investment was incurred in Korea. 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 gives Alaska officials a look at its drilling rigs

Up to 5 wells planned for Beaufort, Chukchi seas this summer.

By JENNIFER A. DLOUHY
Houston Chronicle

Published: June 4th, 2012 10:31 PM

SEATTLE — Alaska officials on Sunday toured two drilling rigs docked in a Seattle shipyard as Shell showed off improvements it has made to the vessels that are poised to begin boring exploratory wells in Arctic seas near Alaska within months. Shell Oil spent roughly $2.2 billion buying drilling rights in the region beginning in 2005 and has since invested billions more trying to overcome regulatory hurdles, environmental concerns and legal challenges to kick off the exploration. But the company is now closer than ever to launching the drilling, with plans on track to sink up to five wells in the Beaufort and Chukchi seas north of Alaska this summer.

The tour on Sunday gave U.S. Sen. Lisa Murkowski and Alaska Gov. Sean Parnell, both Republicans, a look at the drilling rigs before they set sail to open a new frontier in oil exploration. Alaska’s junior senator, Democrat Mark Begich, visited the ice-class vessels in late May.

Parnell said he was impressed by Shell’s readiness to handle a spill in the slushy, remote waters, amid concerns that such a disaster would strain Coast Guard resources and local infrastructure. 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 CEO sees oil price falling more in 2012

KUALA LUMPUR, June 5 | Tue Jun 5, 2012 12:17am EDT

(Reuters) – Oil prices will weaken more in the second half of 2012 as demand reacts to the slowing global economy and international political tensions ease, Royal Dutch Shell Chief Executive Peter Voser said on Tuesday.

Brent crude dropped below $100 a barrel recently to a 16-month low as weak economic data from the United States and China added to ongoing worries about the euro zone crisis.

“Global demand is softening, we have got recessionary elements in Europe, a small slowdown in Asia Pacific,” Voser told Reuters in an interview. 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

Royal Dutch Shell CEO: Hopes To Drill In Alaska By Summer

Jun 4, 2012

By Ben Lefebvre, Of DOW JONES NEWSWIRES

PORT ARTHUR, Texas -(Dow Jones)- Royal Dutch Shell PLC (RDSA) hopes to be drilling for oil offshore Alaska by the summer, Chief Executive Peter Voser said Thursday.

The move to drill in Alaska’s Beaufort Sea would help the oil giant gain advantage in the global race to tap Arctic energy resources. The plan is “progressing very well,” Voser said. “With the support of regulators and local communities, we are working toward drilling by summer.” 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

INTERVIEW: Royal Dutch Shell CEO Voser: Greece Likely to Stay in EU, Euro

Published June 05, 2012 Dow Jones Newswires

Royal Dutch Shell PLC (RDSA) Chief Executive Peter Voser Tuesday said he believed Greece will stay in the European Union and in the euro, and that the common currency will stay intact despite the euro zone’s sovereign debt problems and economic downturn.”The euro clearly will stay intact, the Common Market will stay intact, which is needed for the competitive positioning of Europe,” Mr. Voser told Dow Jones Newswires.

“Whatever happens with Greece, which personally I think will stay in the euro and in the E.U., can be managed,” he said in an interview on the sidelines of the World Gas Conference in Kuala Lumpur.

Mr. Voser said he welcomed some of the actions taken by E.U. governments and the European Central Bank in recent months, “and we urge these institutions to take even more decisive action to remove some of the uncertainties in the financial markets. I am convinced it can be done.” 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

Exxon, Shell See U.S.-Led Gas Boom Boosting Worldwide Growth

By Dinakar Sethuraman, Rakteem Katakey and Yee Kai Pin on June 05, 2012

Exxon Mobil Corp. (XOM) (XOM), the world’s biggest energy company, and Royal Dutch Shell Plc (RDSA) said a U.S.- led transformation of the natural-gas market will boost the global economy even as oil becomes more expensive.

“Natural gas is quickly becoming a key enabler of economic growth and environmental progress around the world,” Rex W. Tillerson, chief executive officer of Exxon, said at a conference today in Kuala Lumpur. “We are living at a historic moment in the evolution of energy markets. How we respond will shape the quality of life for generations to come.” 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 CEO Sees No Urgency to Sell $6 Billion Woodside Stake

By James Paton on June 05, 2012

Royal Dutch Shell (RDSA) Plc, Europe’s largest oil company, sees no urgency over what to do with its $6 billion stake in Australia’s Woodside Petroleum Ltd. (WPL), Chief Executive Officer Peter Voser said today.

“We are under no urgency or pressure to do anything,” Voser told reporters today in Kuala Lumpur, where he’s attending an industry conference. “Woodside has an interesting growth model in terms of projects and has strategic value.”

Woodside, Australia’s second-largest oil and gas producer, has slumped in Sydney trading since The Hague-based Shell sold 10 percent of the company at A$42.23 a share in November 2010. Shell still owns 23 percent of the Perth-based company, valued at A$6.1 billion ($6 billion) today. Woodside rose 4 percent today to A$32.10 at 2:24 p.m. in Sydney. 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

Corbett wants $66 million a year in Pa. tax credits for planned Shell petrochemical refinery

  • PETER JACKSON  Associated Press
  • First Posted: June 04, 2012 – 6:21 pm
    Last Updated: June 04, 2012 – 6:21 pm

HARRISBURG, Pa. — Gov. Tom Corbett is proposing tax credits worth $66 million a year for Shell Oil Co.’s planned petrochemical refinery in western Pennsylvania.

Corbett has not publicly discussed the tax break, but a top aide to Senate President Pro Tempore Joe Scarnati on Monday confirmed the report from the online news service Capitolwire.

The aide, Drew Crompton, says lawmakers will want assurances that the plant will be built in Pennsylvania and that the promised thousands of new jobs will materialize. He says the bill will be introduced this week. 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

China Shale Drilling Results Are Encouraging

June 4, 2012

By GURDEEP SINGH

KUALA LUMPUR—European oil major Royal Dutch Shell RDSA +0.29% PLC said Tuesday that its early drilling results for shale gas in China are encouraging and it now expects to make its development in the country a profitable proposition.

Shell signed the first production-sharing contract to explore, develop and produce shale gas in China in March, a move that fits in with China’s overall strategy to bring technical and operational know-how to the development of its untapped reserves of the unconventional fuel. 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
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