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Posts on ‘November 7th, 2012’

Britain is sitting on a £1.5 trillion gas goldmine

Pilot wells caused two earthquakes in Lancashire last year and green campaigners warn the method could contaminate the water supply.

By Tom Mcghie and Nick Craven

Britain is sitting on a £1.5 trillion shale gas bonanza that could be worth more than the remaining North Sea gas.

The amount is bigger than previously thought and would potentially bring energy price stability and independence from imports for decades.

Although only about ten per cent  of the gas is in unpopulated areas suitable for extraction, it would still be worth £150 billion.

The level of untapped shale gas will be confirmed next month in a study by the British Geological Survey, commissioned by the Department  of Energy and Climate Change, according to industry sources. 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 is Trending: Here’s Why That’s Not a Good Thing

By : November 07, 2012

Worldwide concern regarding a 2011 leak at one of Royal Dutch Shell’s (NYSE:RDSA)(NYSE:RDSB) oil fields in Nigeria has gained critical mass; so far this week, the company has been trending on Twitter.

Short phrases like “Payback time for Big Oil,” “Justice for the people,” and “Tell parliament to end oil impunity” have littered the company’s feed over the past few days.

Many of the tweets include a link to a petition sponsored by the advocacy group Avaaz, urging the Nigerian Parliament to fine Shell $5 billion for the 2011 Bonga Oil Spill. In the petition, Avaaz describes Shell as a “giant oil polluter” responsible for a spill that “devastated the lives of millions of people.” 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 says still interested in Libya oil exploration

VIENNA | Wed Nov 7, 2012 4:27pm GMT

Reuters) – Royal Dutch Shell (RDSa.L) said on Wednesday that it remained interested in oil and gas exploration opportunities in Libya after abandoning drilling in two blocks earlier this year.

Shell told Reuters in May that it planned to exit from the LNGDA and area 89 after disappointing results, prompting concerns that the OPEC country would struggle to reach future production targets.

“That was just a project exit. We did not exit Libya,” said Nureddin Wefati, head of media relations for Shell’s upstream activities in the Middle East and North Africa, at the North Africa Oil and Gas Summit. 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 Arctic Farce: helicopter de-icing controversy

Phi helicopter from the article: Phi Helicopter Crash Kills 8

POSTINGS ON OUR SHELL BLOG

LondonLad:

I wonder if “Outsider” can supply his source (newspaper article / date) of the rumour about Shell flying helicopters without de-icing equipment? Of course with all this hot air about the Arctic warming up etc. maybe the temperatures at the time of the helicopters flying were above that when de-icing equipment was legally required? OR, maybe this is just another piece of rumour-mongering by an individual who has a problem with Shell? Still, “Relieved” seems to believe in the tabloid rubbish. Talking of tabloids – I see that 40% of the articles published on this site are from 7 or 8 years ago!! 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.

Watchdog’s bark far worse than its bite

From our November 2005 Shell News Archive

The Times: Watchdog’s bark far worse than its bite

“In the Shell case, the FSA had plenty of evidence of a conspiracy at the highest level against the interests of shareholders. The company’s own investigation unearthed compelling e-mail evidence, not least former exploration director Walter van de Vijver’s infamous complaint that he was “becoming sick and tired about lying about the extent of our reserves issues”.: “…it looks downright embarrassing that the FSA official who fought Sir Philip, former acting enforcement head David Mayhew, will later this month wave goodbye to the FSA and walk straight into a highly paid job at Herbert Smith — the firm advising Sir Philip.”

Posted Friday 11 Nov 2005

SHELL, we were told by the Financial Services Authority last summer, was guilty of “unprecedented misconduct”. For five years, from 1998 to 2003, the company had repeatedly misled shareholders over its oil and gas reserves. It was so culpable that the regulator felt it had no choice but to fine it a then-record £17 million.

Yet we are now asked to believe that no one running the company at the time was actually to blame. The FSA yesterday dropped its investigation into and proceedings against the former chairman, Sir Philip Watts, and other unnamed individuals. After an 18-month inquiry the regulator’s enforcement arm had assembled a case against the individuals. But its Regulatory Decisions Committee, which makes the final judgment, was unconvinced. Or was it simply unwilling? For years the FSA has banged the drum about how it would hold senior figures to account when companies broke the rules. Yet time and again, the FSA finds companies guilty of serious offences while failing to secure individual scalps. The Citigroup bond trading scandal ended with all the traders who had been involved reinstated and no senior figure so much as formally reprimanded by the 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.

Shell’s ‘hands off’ approach pushes up costs

From our November 2005 Shell News Archive

Financial Times: Shell’s ‘hands off’ approach pushes up costs

“Shell’s dependence on contractors may help explain why it has lost control over costs at some of its largest projects. This summer, the company said the price tag of Sakhalin-2, a giant natural gas project in eastern Russia, had doubled to $20bn.”: “Shell has conceded it has a problem.”

Monday 7 November 2005

Shell projects ‘over-reliant’ on contractors

By Carola Hoyos and Thomas Catan in London
Published: November 7 2005

* Concern that handing over critical exploration and production functions is linked to spiralling costs

Royal Dutch Shell is over-reliant on outside contractors to manage its large exploration and production projects, a confidential internal analysis has found.

Ed Merrow, an outside consultant commissioned by Shell to evaluate project management, found the company was almost wholly dependent on contractors for critical functions, including scheduling and cost control. Shell took a “distinctly hands-off approach”, Mr Merrow found. A copy of the presentation, which evaluated 13 projects, was obtained by the Financial Times. 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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