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Posts on ‘August 7th, 2013’

EOG Resources Beats Shell at Its Own Game

The antidote to Royal Dutch Shell is EOG Resources. Shell last week reported dreadful second-quarter results marred, in particular, by a $2.1 billion write-down of North American shale assets. The implication: Shell got sold a few lemons in its U.S. shale grab. The oil major’s market value dropped by $9 billion, or 4%…

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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 Oil to back away from northwest Colorado

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Published: August 6, 2013

The Associated Press

STEAMBOAT SPRINGS, Colo. — Shell Oil has told officials in Routt and Moffat counties that it wants to sell its oil leases in northwest Colorado to focus on more productive operations.

Shell spokeswoman Carolyn Tucker tells the Steamboat Today that the company has decided to focus on assets with a high growth potential, and the Sand Wash Basin in northwest Colorado didn’t meet that criteria.

In May, Shell officials had said they planned to drill about 17 wells in Moffat and Routt counties this year. Twelve were drilled in Moffat County during 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.

Trouble in fracking paradise

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By | August 7, 2013, 1:32 AM PDT

The shale revolution is “a little bit overhyped,” Shell CEO Peter Voser said last week as his company announced a $2.1 billion write-down, mostly owing to the poor performance of its fracking adventures in U.S. “liquids-rich shales.” Which of its shale properties have underperformed, Shell didn’t say, but CFO Simon Henry admitted that “the production curve is less positive than we originally expected.”

Shell was a latecomer to the tight oil game. As late as 2010 it was acquiring mineral rights at inflated prices, predicting that those properties would produce 250,000 barrels per day in five years. Three years down the road, they are yielding only 50,000 barrels per day, and the company intends to sell half of its shale gas and tight oil portfolio. Shell has officially abandoned its production target of 4 million barrels per day by 2012-2018. Instead, Voser said, “we are targeting financial performance.” 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 man inside the Garda: Superintendent Joe Gannon

Screen Shot 2013-05-03 at 14.17.32By John Donovan

I have recently reported on the daily email bombardment of Royal Dutch Shell executives by the disgruntled former “Mr Fixit” company for Shell in Ireland: OSSL

The email below provides more information about Shell’s attempt to bully an eye witness into giving perjured evidence to an official inquiry relating to a violent confrontation with Corrib Gas Project protestors, including a leader of  the Shell to Sea campaign, Maurah Harrington.

Shell was apparently absolutely desperate to protect its man inside the Irish Police force, Superintendent Joe Gannon, one of the many Garda, including other senior officers, who accepted the pernicious hospitality of Shell.  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.

Greenpeace responds to court ruling on Shell’s Arctic oil spill response plan

Screen Shot 2013-01-18 at 10.08.58“Safe drilling in the far north is a fantasy. There is no proven way of cleaning up oil spilled in icy waters and by rubber stamping such an obviously flawed response plan, the US government is inviting the nightmare scenario of a Deepwater Horizon-style spill in the Arctic.

By: Greenpeace

Amsterdam, August 6, 2013 – Commenting on Monday’s ruling by a federal judge in Anchorage that Shell’s oil spill plans for drilling in Alaska’s Beaufort and Chukchi seas don’t violate environmental laws, Greenpeace International Arctic campaigner Ben Ayliffe said:

“Even a cursory glance at Shell’s oil spill response plans shows that the company could not deal with an accident in these remote and challenging waters, and we’re disappointed that the court ruled in Shell’s favour. Despite admitting that a spill in the frozen north is inevitable, Shell operated with a response plan that relied on untested technology and equipment totally incapable of working effectively in some of the harshest conditions on Earth. The company’s claim that it could handle a worst-case spill in the Chukchi Sea is absurd. There have been no tests of spill response equipment in US Arctic waters since 2000 and those equipment tests were deemed a failure.” 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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