Feb 3rd, 2015
by John Donovan.
By John Donovan
Scottish TV news is reporting that the UK National Union of Rail, Maritime and Transport Workers, and its sister unions, are outraged by the fact that Shell has awarded the Brent oilfield decommissioning contract to a ship with a Nazi name, The Pieter Schelte.
The unions intend to take coordinated action to stop the continued use of the scandalous Nazi linked name on the high seas.
Numerous articles have been published today as a result of a PR campaign by Shell in which it ironically claims to have learnt the lessons from the Brent Spar debacle. The STV story is the first to mention the Nazi name controversy. read more
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Feb 3rd, 2015
by John Donovan.
From an article published by Interactive Investor on 2 Feb 2015 under the headline:
“FTSE rises as Tullow Oil surges on Shell bid chatter”
Extracts
FTSE indices closed firmer today as blue-chip oil stocks enjoyed a sortie higher on improved crude prices. Tullow Oil (TLW) spiked on rumours of a possible bid from Shell (RDSA).
In the news, Tullow Oil (TLW) soared a hearty 9.32% to 399p on the Shell chatter.
FULL ARTICLE
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Feb 3rd, 2015
by John Donovan.
From an article by Liz Ruskin, Alaska Public Media: February 2, 2015
“Arctic Standards Won’t Be Ready For Shell’s Return”
After Shell’s troubled 2012 drilling season in the far north, the Interior Department began working on Arctic-specific standards for offshore drilling.
But those new standards aren’t done yet. Interior Secretary Sally Jewell says they won’t be in place to guide Shell’s planned return to the Chukchi Sea this year.
“As Shell indicated just recently that they were going to go forward with their exploration plan this summer, we’ll be holding them to the standards that we’ve held them to before, with upgrades and proof that they can do what they say they do before they’re allowed to go up there,” Jewell told reporters in a press call today, primarily talking about the president’s budget for her department. read more
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Feb 3rd, 2015
by John Donovan.
An article by Michael Corkery and Peter Eavis published 2 Feb 2015 by The New York Times under the headline:
“Slump in Oil Prices Brings Pressure, and Investment Opportunity”
American history is littered with oil busts that created big winners and losers.
Now, as the cracks appear in the latest energy boom, the forces of failure and opportunity are stirring again. Resolute Energy, a Colorado company that borrowed big in the boom, is among those in an endgame that is being played up and down Wall Street and in the vast oil fields that new drilling methods have opened in recent years.
It is a struggle that could take place at scores of other companies, leading to thousands of layoffs, as well as losses for banks and investors. At the same time, new fortunes stand to be made. read more
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Feb 3rd, 2015
by John Donovan.
From an article by The Australian Pipeliner published 3 Feb 2015 under the headline:
VIDEO: Arrow LNG Project “off the table”
Royal Dutch Shell CEO Ben van Beurden has confirmed the company’s proposed Arrow LNG Project with PetroChina has been cancelled, but the Arrow Bowen Pipeline will not be affected.
Arrow Energy, which is jointly owned by Shell and PetroChina, had initially planned to develop a CSG to LNG processing facility on Curtis Island, Queensland. “We have slowed down on new developments which, for example, means Arrow greenfield LNG is off the table,” Mr van Beurden said.
However, work is continuing on the development of the Arrow CSG reserves in Queensland, which are now likely to be commercialised through a separate LNG project, with front-end engineering design (FEED) work progressing on the Arrow Bowen Pipeline. read more
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Feb 3rd, 2015
by John Donovan.
Article by Peter Campbell On The Brent Delta Rig In The North Sea published by The Daily Mail/This is Money 2 Feb 2015 under the headline:
CITY FOCUS: Shell’s titanic task of breaking up massive North Sea oil structures as life of rigs comes to an end
Even though we are in British waters, the closest train station is Bergen, in Norway. In fact, the rig that we are standing on is so remote that London is three times further away than the Arctic Circle and the nearest landfall, on the Shetland Islands, is more than one hundred miles to the South West.
But Britain has this remote patch of icy water to thank for much of its prosperity over the last three decades. The Delta oil field, only a few miles from the border that divides British waters from Norwegian, has been one of the most productive ever discovered. read more
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