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Posts on ‘July 3rd, 2015’

Shell embarks on controversial Arctic exploration programme as part of £4.5bn quest for oil

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By LAURA CHESTERS FOR THE DAILY MAIL: 3 July 2015

Shell has kicked off its controversial Arctic exploration programme as part of a £4.5billion search for oil under the region’s freezing, pristine seas.

After being forced to embarrassingly abandon its plans in 2012 and pulling out after finding gas in the 1990s, Shell’s convoy of 30 boats and associated craft set sail from Alaska’s Dutch Harbor. The plan is to drill two wells this summer – as soon as the ice clears.

But if its initial wells do not strike oil, Shell could pull out of the programme and walk away. By the end of the summer it will have spent £4.5billion on the programme and will have to spend another £700million in next year’s search. 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 Arctic oil drilling to commence within weeks

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…if the initial wells do not find oil, Shell will contemplate walking away from the region entirely.Screen Shot 2015-07-03 at 19.45.22

By Richard Anderson: Business reporter, BBC News: 3 July 2015

Oil and gas giant Shell is expected to begin drilling for oil in the Arctic within the next two weeks.

Thirty ships left Dutch Harbor in Alaska on Thursday for the Arctic to support two initial exploratory wells.

The company has already committed about $7bn (£4.5bn) to the controversial project, and is confident it will find huge quantities of oil in the region.

But if the initial wells do not find oil, Shell will contemplate walking away from the region entirely.

The US Department of the Interior gave the green light to Shell to commence Arctic oil exploration in May this year, and the Anglo-Dutch group clearly believes it will get the remaining necessary permits in the next week or two. 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.

EPA turns down oral hearing request on Corrib gas project licence

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EPA turns down oral hearing request on Corrib gas project licence

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Lorna Siggins: Friday, 3 July 2015

The Environmental Protection Agency (EPA) has turned down requests for an oral hearing into a revised licence sought by Shell E&P Ireland for the Corrib gas project in north Mayo.

The revised licence covering atmospheric and marine emissions from the Corrib gas refinery is one of the last State authorisations required before the project becomes fully operational.

Shell had received its original EPA licence in 2007, but sought a review after it agreed to a demand by Erris fishermen that “treated produced water” from the refinery be discharged out at the well head, rather than some 12 km offshore. 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 awards contracts for its $40bn Browse project

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Written by Rita Brown – 03/07/2015

Shell has awarded the Technip Samsung Consortium two contracts for its $40billion natural gas project in Australia.

Shell’s Browse project covers the installation of three FLNG units to develop the Brecknock, Calliance and Torosa fields in the Browse Basin.

Shell, which has a 27% interest in the scheme, will use its floating liquefied natural gas (FLNG) technology to leveraging the site’s 15.4 trillion-cubic-feet of gas.

The Technip Samsung Consortium will manage the front-end engineering design (FEED) elements of the Browse FLNG project, taking into account the composition of the gas, local weather conditions and factors specific to each of the three fields. 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.

After Settlement, Relief at a Diminished BP

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By STANLEY REED and CLIFFORD KRAUSS JULY 2, 2015

LONDON — BP’s future no longer has a giant cloud ahead. But it will take years, if not decades, for the company to approach its size of five years ago, before the explosion of the Deepwater Horizon rig.

Since the 2010 blowout of the Macondo well killed 11 rig workers and dumped millions of gallons of crude into the Gulf of Mexico, BP has vigorously fought in court and on American television to salvage its image and minimize the costs. But in preparation for a settlement to resolve legal wrangling over economic and environmental damages, in which it eventually agreed to pay $18.7 billion, the British-based company also had pruned its global operations to save itself. 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.

BP has finally settled Deepwater Horizon Case

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Shares in oil giant BP climb on news it has finally settled long-running US court case over Deepwater Horizon explosion and oil spill

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Dudley dismissed market talk of a takeover of BP and said BP is ‘neither prey nor predator’. A clause in the settlement with the US means that if BP were sold to another company the fine would be payable immediately – putting off any potential suitor.

By LAURA CHESTERS FOR THE DAILY MAIL: 2 July 2015

Shares in oil giant BP climbed nearly 5 per cent following a relief rally on news it had finally settled its long-running US court case over the Deepwater Horizon explosion and oil spill that killed 11 workers five years ago.

A record £12bn fine will settle all US federal, state and local claims for the Gulf of Mexico disaster, with payments spread over 18 years – working out at £700m a year.

BP’s shares are down a third since the explosion at the Macondo oil field in the Gulf of Mexico in April 2010. Concerns about the ongoing liability of the spill and the falling oil price since last year weighed on the shares. 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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