Royal Dutch Shell Group .com Rotating Header Image

Posts on ‘November 29th, 2012’

Shell sees big output boost from Chesapeake acreage buy

Ernest Scheyder and Joshua Schneyer Reuters: 10:46 a.m. CST, November 29, 2012

NEW YORK (Reuters) – Royal Dutch Shell expects “years and years” of production from oil and natural gas acreage it recently bought from Chesapeake Energy Corp and plans to add more drilling rigs, the head of Shell’s Americas operations said on Thursday.

Shell paid $1.94 billion last September for 618,000 acres in the Permian Basin, a vast oil and natural gas source in western Texas.

Shell and other global energy companies, including Exxon Mobil Corp and Chevron Corp , are buying more oil and gas assets in North America to boost production in a sector where most resources are located and tightly controlled by countries like Brazil and Russia. 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 Inuit sitting on billions of barrels of oil

By May Abdalla BBC World Service, Point Hope, Alaska:  29 November 2012

After a decade of legal wrangling and spending $4.5bn (£2.8bn), this year Shell Oil was given permission to begin exploratory drilling off the coast of Alaska. But many in the local Inuit community are concerned it could have a devastating impact on one of their main sources of food – the bowhead whale.

Marie Casados shows me the contents on her freezer. Inside there’s whale meat, muktuk – frozen whale skin and blubber – a selection of fish and a polar bear foot, which looks like a human hand. She describes it as a real delicacy. But it’s more than that – this is her food supply for the winter. 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.
%d bloggers like this: