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Posts on ‘November 1st, 2012’

Shell Says $450 Billion in U.S. LNG Exports Is ‘Optimistic’

By Eduard Gismatullin on November 01, 2012

Royal Dutch Shell Plc (RDSA) Chief Financial Officer Simon Henry said total pledges from the energy industry to invest $350 billion to $450 billion in projects for U.S. liquefied natural gas exports are “a little bit optimistic.”

Shell, the largest LNG supplier, has held exclusive talks to take a stake in the Freeport LNG project. The producer faces rival projects led by companies including Exxon Mobil Corp. (XOM), Cheniere Energy Inc. (LNG), Sempra Energy (SRE) and BG Group Plc. (BG/)

“If that’s all going to happen without inflation and with the support of the American people to export all that American gas to industrial competitors and it’s all going to happen by 2020, I think it’s a little bit optimistic,” Henry told reporters today on a conference call. “Today’s headlines usually become tomorrow’s challenged projects.” 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.

Black Gold In Ireland? MindThe Eco Warriors, Though.

Big Oil has watched the Irish scene and its public protests and court cases with trepidation. John O’Sullivan, technical director with Providence Resources, told the Financial Times, “We’ve definitely seen a Corrib ripple effect…. [Potential investors] go through the technical assessment, it gets to their main board and then someone who has worked at Shell or read about Corrib says they are not going to touch Ireland.”

11 November 2012

Ireland’s troubled economy received a jolt of hope last month with the news that an oil field off the achingly beautiful coast of West Cork may contain as much as 1.7 billion barrels of oil, with 280 million barrels of that recoverable in the short term at a rate of 100,000 barrels a day, That’s more than the entire country consumes and you would think “Eureka!” is the word. But few are doing cartwheels just yet, given the legacy of futility that has plagued Irish offshore resource exploration for decades. 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.

The buck stops at the top

Political turmoil, the financial crisis and climate change are forcing board directors to play a more active role in managing risk

20 May 2012

The board of energy giant Royal Dutch Shell regularly sits down and plays out disaster scenarios. Advised by the company’s business intelligence unit, the board imagines what would happen if there were an atomic conflict between China and India, or if the euro collapsed, or if things became (even more) chaotic in Russia.

More importantly, it works out what the company should do about it. “As the world becomes more crowded, the stresses between the essentials of life – water, food and energy – will become more critical. Climate change is likely to intensify the stresses. These are huge, integrated challenges and there is no time to waste if the world is to tackle them effectively. We need a new level of collaboration and leadership to develop workable policies and solutions. We need vision and action,” warned Shell CEO Peter Voser, in a recent speech. 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.

Lower oil prices weigh on Shell in Q3

By TOBY STERLING, Associated Press – 1 November 2012

AMSTERDAM (AP) — Royal Dutch Shell PLC saw its core earnings fall 15 percent in the third quarter on the back of lower oil and gas prices and insisted that its strategy to boost production was on track despite failing to strike oil in Alaska before the onset of winter.

Shell said Thursday its earnings on the industry standard “current cost of supplies” measure, which attempts to strip out the impact of changes in the value of inventory, were $6.13 billion, down from $7.24 billion in the same period a year ago — smack in the middle of the range of analyst expectations. 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 Profit Increases on Income From Liquefied Natural Gas

A technician compares samples of lubricant oil in the control laboratory at Royal Dutch Shell Plc’s new lubricants blending plant in Torzhok, Russia. Photographer: Andrey Rudakov/Bloomberg

By Eduard Gismatullin on November 01, 2012

Royal Dutch Shell Plc (RDSA)’s third-quarter profit expanded 2.3 percent after Europe’s biggest oil company generated increased earnings from liquefied natural gas.

Net income rose to $7.14 billion from $6.98 billion a year earlier, Shell said today in a statement. Excluding one-time items and inventory changes, profit was $6.6 billion, beating the $6.3 billion average estimate of 13 analysts surveyed by Bloomberg.

Earnings “benefited from the increased contribution from integrated gas, which included an additional dividend from an LNG venture,” said Shell, based in The Hague. LNG sales gained 4 percent to 4.97 million metric tons from a year ago, mainly reflecting the contribution from the Pluto project in Australia. 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 nearly there on Pearl, Port Arthur restart early 2013

LONDON | Thu Nov 1, 2012 5:29am EDT

Nov 1 (Reuters) – Royal Dutch Shell Finance Director Simon Henry said the company was “nearly there” in ramping up to full output at its Pearl Gas to Liquids (GTL) facility in Qatar and that the company was “on track” to restart the 325,000 barrels-a-day damaged Port Arthur refinery unit in the United States.

He was speaking at a presentation of Shell’s third-quarter results.

SOURCE

LONDON | Thu Nov 1, 2012 5:21am EDT 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 profits drop on lower oil prices, shale gas writedown

Royal Dutch Shell profits fell 15pc to $6.1bn (£3.8bn) in the third quarter, dented by lower oil and gas prices and a writedown of US shale gas assets.

Peter Voser, Royal Dutch Shell chief executive, said energy markets remained ‘volatile’ and there was a ‘difficult industry environment’. Photo: BLOOMBERG NEWS

By : 8:05AM GMT 01 Nov 2012

Shell raised its dividend for the quarter by one cent per share, to 43c per ordinary share.

Peter Voser, Royal Dutch Shell chief executive, said: “Our earnings were driven by lower oil and gas prices, and lower chemicals margins, which offset the benefits of our operating performance, underlying growth in oil and gas production, and higher results in Integrated Gas and Oil Products.”

He said that energy markets remained “volatile” and there was a “difficult industry environment”. 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 Profit Hit by Weaker Oil, Gas Prices

By SELINA WILLIAMS

November 1, 2012

LONDON—Royal Dutch Shell RDSB.LN +0.66% PLC Thursday posted a 6.3% fall in profit for the third quarter, driven by weaker oil and gas prices and lower chemicals margins.

“Shell is driving a long-term and consistent strategy, against a backdrop of volatile energy markets,” said Chief Executive Peter Voser. “I am pleased with our progress in a difficult industry environment.”

The Anglo-Dutch energy company said its clean current cost of supplies—a keenly watched figure that strips gains or losses from inventories and other nonoperating items out from net profit—was $6.56 billion in the three months ended Sept. 30, compared with $7.00 billion in the third quarter of 2011. 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.

Royal Dutch Shell sees profits fall

1 November 2012 Last updated at 07:49

Royal Dutch Shell has reported profits of $6.12bn (£4.5bn) for the past three months, down from $7.2bn for same the quarter last year.

The Anglo-Dutch company blamed the fall on lower oil and gas prices.

Excluding one-off items such tax changes and other factors, the third-quarter profits were $6.6bn, down 6% on last year.

Chief executive Peter Voser said the figures showed “progress in a difficult industry environment”.

Sales fell 8.9% to $112bn, reflecting the global economic slowdown and reduced demand for 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.

For Shell, Wait ’til Next Year in Arctic

Oil Giant Suspends Drilling Off Alaska Until Spring Thaw, After Missing Out on Initial Well Targets

October 31, 2012

By TOM FOWLER

ABOARD THE NOBLE DISCOVERER—In the frigid seas that surrounded this drilling ship, parked by Royal Dutch Shell RDSA.LN -0.72% PLC between Alaska and the North Pole, there are no signs of humanity, just an endless horizon of empty gray water.

The helicopter pilot kept the engine running when he landed on the drill ship’s helipad, for fear it wouldn’t start again in the harsh cold. Visitors come clad in $3,000 survival suits to give them a fighting chance should their aircraft crash into the sea below. 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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