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Posts on ‘March 15th, 2013’

Shell’s Shell Game

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Writer, CSRHub: Posted: 03/12/2013 3:51 pm

According to Shell’s New Lens Scenarios, we’re headed for a carbon-free future, where solar will be the dominant energy source by 2100. The report got almost universally upbeat press, praised in business and even environmental websites. Amory Lovins, Chief Scientist of the Rocky Mountain Institute, endorses Shell’s study: “Shell is the most far-sighted and strategic of the majors, largely because the Scenarios informed the thinking of Shell leadership and many others in the energy ecosystem.” 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.

Bumper £8m pay package for Shell boss Peter Voser

Shell boss Peter Voser bagged a pay and shares deal worth up to £8million for 2012, according to the oil giant’s annual report.

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By Rob Davies: PUBLISHED: 22:26, 14 March 2013

Shell boss Peter Voser bagged a pay and shares deal worth up to £8million for 2012, according to the oil giant’s annual report.

The pay deal, for a year which ended with an accident that forced Shell to put its Arctic drilling plans on ice, is slightly down on the previous year.

But Voser will still walk away with a bumper deal made up of basic pay, cash bonuses and share awards based on performance.

The Swiss boss will take home a basic salary up 2.5 per cent to £1.4million, as well as a £2.9million bonus, half of which will be in shares that cannot be sold for three years. 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 knocks Britain’s FTSE off 5-year high

Shell has been getting a bit of a kicking the last couple of days…

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Fri Mar 15, 2013 8:14am EDT

* FTSE 100 falls 0.5 percent

* Britain’s biggest company hit by analyst downgrade

* Index remains set for weekly gain

* IAG tops FTSE risers, up nearly 10 percent on the week

By Alistair Smout

LONDON, March 15 (Reuters) – Britain’s top share index fell on Friday, hit by an analyst downgrade to the country’s biggest company, but was set for a fifth straight weekly gain having set a fresh five-year high in the previous session.

Royal Dutch Shell was the top FTSE 100 faller, taking 10 points off the index, after JPMorgan cut its rating on the stock to “underweight” from “neutral”. 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.

Interior Dept. criticizes Shell’s Arctic drilling

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By , Published: March 14

The Interior Department issued a report sharply critical of Shell’s exploration drilling efforts in the Chukchi Sea off Alaska last year, but Secretary Ken Salazar gave the company the go-ahead to try again in 2014.

Environmental groups harshly criticized the report and said it raised questions about the department’s ability to conduct independent regulatory oversight.

“Exploration in the Arctic is a key component of the President’s all-of-the-above energy strategy, and is important to our understanding of the oil and gas potential in this frontier region,” Salazar said after the completion of a 60-day review by the department that recommended companies follow “Arctic specific” standards.

Shell has already announced a “pause” in its drilling plans after a series of delays and mishaps culminating in its rig, the Kulluk, getting damaged in a storm when it ran aground on its way to port.

Shell has spent nearly $5 billion and several years preparing to drill for oil in the Chukchi Sea off Alaska’s Arctic coast. Harsh weather limits the drilling season there to about three or four months and Shell’s plans were delayed both by its trouble getting federal approval of its containment system and by an unusually late ice season. Eventually the company pared back its plans and instead of completing two to six exploration wells it installed blowout preventers on the top of partially drilled wells. 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.

Report Says Shell Unprepared for Arctic Drilling

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ANCHORAGE, Alaska March 15, 2013 (AP)

Shell was not fully prepared when it launched its trouble-plagued Arctic offshore drilling program last year, and the oil company also fell short in overseeing key contractors in the effort, according to a federal report released Thursday.

The report follows a 60-day review by the Interior Department that focused on problems Royal Dutch Shell PLC experienced with its drilling vessels and a spill containment vessel. Interior Secretary Ken Salazar said the company will have to submit more comprehensive plans before it would be allowed to operate in the Arctic again. 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.

Interior Dept. Warns Shell on Arctic Drilling

WASHINGTON — The Shell Oil Company must provide a detailed plan addressing numerous safety and operational issues that plagued its efforts to extract oil beneath the Arctic Ocean last year if it wants to resume drilling off the coast of Alaska, the Interior Department said Thursday.

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By A version of this article appeared in print on March 15, 2013, on page B2 of the New York edition

WASHINGTON — The Shell Oil Company must provide a detailed plan addressing numerous safety and operational issues that plagued its efforts to extract oil beneath the Arctic Ocean last year if it wants to resume drilling off the coast of Alaska, the Interior Department said Thursday.

Shell has already announced that it will not return to the Arctic Ocean in 2013, saying it would take a “pause” to repair its damaged equipment and review its drilling and safety systems.

Interior Secretary Ken Salazar said that would not be enough. He said the company must demonstrate to the government and an independent reviewer that it has the equipment, the management capacity and a plan for all contingencies before it can resume operations. 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 will be under closer watch

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Government’s report on Arctic woes too mild, activists argue

By Jennifer A. Dlouhy | March 14, 2013

WASHINGTON – The Obama administration on Thursday vowed to keep a closer watch on all areas of Shell’s Arctic drilling operations – from deployment to demobilization – before allowing the company to hunt for oil in the region again.

Interior Secretary Ken Salazar delivered the promise as administration officials wrapped up a probe of blunders surrounding Shell’s hunt for oil in the Chukchi and Beaufort seas last year, including the out-of-control drift of a drillship, violations of federal pollution permits and the grounding of Shell’s Kulluk rig on an Alaskan island. 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 screwed up in 2012 says US Interior Secretary Ken Salazar

Screen Shot 2013-01-11 at 20.09.51“Shell screwed up in 2012, and we are not going to let them screw up after their pause is over,” Interior Secretary Ken Salazar told reporters today on a conference call.

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Arctic-Specific Rules Required After Shell’s 2012 Mishaps

By Mark Drajem – Mar 14, 2013 9:45 PM GMT

Royal Dutch Shell Plc will need to win approval of a full operating plan before it resumes drilling off the coast of Alaska, following a series of mishaps in its 2012 operations, the U.S. Interior Department said.

An Interior review of Shell’s exploration in the Arctic found shortcomings in oversight of various contractors and said the company started work “not fully prepared.” The company announced a pause in its plans last month.

“Shell screwed up in 2012, and we are not going to let them screw up after their pause is over,” Interior Secretary Ken Salazar told reporters today on a conference call. Salazar ordered a staff review of Shell’s experience in January, and he released its findings today. 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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