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Posts on ‘September 5th, 2012’

Shell gets $400 mln in Nigerian oilfield deal

Sept. 5, 2012, 12:54 p.m. EDT

By Alexis Flynn

LONDON–Royal Dutch Shell PLC’s long-running auction of its older Niger Delta oil fields continued Wednesday, with the company announcing it had agreed to sell its share of the OML-34 license block to ND Western Ltd., a local entity, for $400 million.

ND Western is effectively buying a 30% interest in the 15,000 barrels a day of oil produced from the Utorogu, Ughelli and Warri River fields.

The transaction is Shell’s latest in a string of planned divestments from the restive Delta region and comes two days after its local joint venture announced a deal to sell the OML 40 block had finally been concluded. In all, Shell has sold seven of its onshore license blocks since 2010. 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 delayed Arctic oil plans worrisome

Alaska Dispatch | Sep 05, 2012

Norwegian oil company Statoil has watched closely Royal Dutch Shell’s long and costly quest to sink exploratory oil wells in the Arctic waters off the coast of Alaska. And that struggle has Statoil concerned, so much so that company officials say Statoil won’t be exercising its federal leases and drilling in Alaska’s Arctic until at least 2015, according to The Financial Times.
 
Instead, in the near term Statoil is headed to Canada for offshore oil exploration: “…in the coming months Statoil had plans to drill three wells offshore eastern Canada and nine in the Norwegian Barents Sea, where it has already made discoveries. But it will not be drilling in the Chukchi Sea before 2014,” The Financial Times reported this week.
 
In Alaska’s Arctic, Shell is on the verge of starting a limited drilling program that will entail sinking a drill bit up to 1,400 feet into the seabed — several thousand feet shy of the oil and gas deposits. Nonetheless, this partial drilling effort signifies a breakthrough for Shell, which has spent more than $4.5 billion and years to get to this point.
 
Tim Dodson, head of exploration for Statoil, told The Financial Times that the costs — many related to complying with regulations and fighting off lawsuits — that Shell has absorbed to get this far is worrisome. “Some of these regulations can make the costs of exploration prohibitive,” he told the newspaper.
 
One possible way to reduce the financial risks could be for oil companies to partner on offshore exploration wells in the far north. The Financial Times reports.
 
“You will see more shared equity on these wells, to spread the risk and limit the cost exposure,” (Dodson) said. He added that Statoil was already discussing this option with other companies that have leases in the northern seas, such as Chevron, ExxonMobil and ConocoPhillips. 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.

Codexis, Shell redefine relationship

| September 5, 2012

Codexis, Shell redefine relationship; Codexis gains global rights; will lay off 133 staff; adopts anti-takeover measures; what does it mean for Shell, Raizen, Iogen, Codexis and Dyadic? What does it say about strategic investors in advanced biofuels?

In California, Codexis announced that Shell has granted Codexis a royalty-bearing, non-exclusive license to develop, manufacture, use and sell cellulase enzyme… FULL ARTICLE
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 to Build Canada Capture Project for Oil-Sands Emissions

By Eduard Gismatullin – Sep 5, 2012 1:19 PM GMT+0100

Royal Dutch Shell Plc (RDSA), Europe’s biggest oil company, will build the first carbon capture and storage project in Canada that locks away emissions from mining oil sands.

The company, together with partners Chevron Corp. (CVX) and Marathon Oil Corp. (MRO), received government backing to start work on the Quest venture north of Edmonton, Shell said today in a statement. It’s designed to capture and permanently store underground more than 1 million tons of carbon-dioxide a year from Shell’s Scotford upgrader, the equivalent of talking 175,000 cars off the road. 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 Places a Not-So-Green Bet on Natural Gas

By STANLEY REED: Published September 5, 2012

A version of this article will appear in print on September 6, 2012, in The International Herald Tribune.

AMSTERDAM — Outside Royal Dutch Shell’s research laboratories here, a stack of tubes, tanks and dials four stories high percolates 24 hours a day. This bewildering-looking apparatus is a tiny prototype of one of Shell’s crown jewels: the huge Pearl gas-to-liquids plant in Qatar.

Now gradually increasing production, Pearl sucks in huge volumes of natural gas from the gargantuan North Field under the aquamarine Gulf and — in a feat of seeming alchemy — transforms the gas into jet fuel and diesel and other liquids far more valuable than natural gas these days. Eventually, Pearl could earn Shell $10 billion per year, justifying its nearly $20 billion 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 to fuel some Rhine barges with LNG

LONDON, Sept 5 | Wed Sep 5, 2012 7:23am EDT

(Reuters) – Shell has turned to liquefied natural gas (LNG)-powered barges to transport oil products along the river Rhine as tougher environmental standards drive a switch to less polluting fuels.

Shell said on Wednesday it has chartered two newbuild barges fueled by LNG and expects to use it to power more of its inland shipping.

The move away from oil was a first for Shell and the inland marine industry, the company said in a statement. The Rhine is an important shipping route for commodities including grains, minerals, coal and oil products including heating oil. 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.

Ethics & Compliance Officers at Royal Dutch Shell

Charles Hornsby, Ethics and Compliance Officer, Shell Downstream, London, United Kingdom

I’ve spent 25 years in IT, of which 20 years has been in Shell, with roles which have spanned multiple businesses, countries and technical areas.

On 15 July 2011, I became Ethics and Compliance Officer for the Shell Downstream business, based in London. This is a move away from a predominately IT role into one closer to the core business for Shell, responsible for advising the global DS business on ethical issues and for monitoring and reporting (without fear or favour…) the state of compliance to our ethical values and code of conduct. 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 Shale Gas Exploration in Southeast Turkey

By Ercan Ersoy on September 05, 2012

Royal Dutch Shell Plc (RDSA) and Turkiye Petrolleri AO, Turkey’s state oil and gas company, started exploring for shale gas in the southeast of the country, Energy Minister Taner Yildiz said.

Exploration began last week in Diyarbakir’s Saribugday-1 field, Yildiz said in Ankara during a meeting with Shell’s Chief Executive Officer Peter Voser, according to the state-owned Anatolia news agency.

There may be 13 trillion cubic meters of shale gas reserves, 1.8 trillion cubic meters of which is recoverable, Ismail Bahtiyar, chairman of the Turkish Association of Petroleum Geologists, said April 20. 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.

Corrupt Irish Premier Bertie Ahern and the imprisonment of the Rossport Five

FROM OUR SEPT 2005 SHELL NEWS ARCHIVE

Irish Times: Jailed protesters made their point, says Taoiseach

“…Bertie Ahern has said the five Mayo men imprisoned for contempt of court in connection with their opposition to the proposed Corrib gas pipeline have made their point and it is beyond him why they wish to remain in jail.”

Monday 5 Sept 2005

Gordon Deegan

Taoiseach Bertie Ahern has said the five Mayo men imprisoned for contempt of court in connection with their opposition to the proposed Corrib gas pipeline have made their point and it is beyond him why they wish to remain in jail.

The men are today in their 69th day in Cloverhill Prison in Dublin.

Speaking in Ennis on Saturday, Mr Ahern said unfortunately he had no power to release them from jail.

“The law would be the same for me if I was in contempt of court, I’d suffer the same fate and that’s how it is,” he added. 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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