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Posts on ‘July 9th, 2015’

Oil price: five reasons why oil has re-entered a bear market

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Screen Shot 2015-05-11 at 21.10.55The oil price has fallen by more than a fifth since it hit a year-high of $69.63 a barrel in May

Jul 8, 2015

Oil re-entered a bear market yesterday as the price for Brent Crude, the international benchmark, recorded its largest one-day loss since February.

On Monday, the oil price fell by six per cent and it has continued to dwindle, reaching $55.40 a barrel at around 8am BST today. The price of Brent has now fallen by more than a fifth since it hit a year-high of $69.63 a barrel in May. Bear markets are commonly defined as occurring when prices fall 20 per cent from their peak.

So what is causing the slide? 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.

City manager says repairs underway on vessel

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City manager says repairs underway on vessel

Screen Shot 2015-07-07 at 19.49.22BY TIM BRADNER, ALASKA JOURNAL OF COMMERCE

Shell is being cautious on whether damage to an ice-handling vessel near Dutch Harbor will affect the company’s 2015 Chukchi Sea exploration. The 380-foot Fennica hit a submerged object, possibly World War II debris, while departing July 3 and was returned to port.

“Repairs may be possible on site (in Dutch Harbor) but that’s still being determined,” Shell spokesman Luke Miller said.

However, Unalaska city manager Don Moore said that the damage can be repaired by a local firm, Resolve Magone Marine Service, and that work has already started on the Fennica at the company’s dock. 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.

Exxon knew of climate change in 1981, email says – but it funded deniers for 27 more years

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Exxon knew of climate change in 1981, email says – but it funded deniers for 27 more years

Suzanne Goldenberg, US environment correspondent

Last modified on Thursday 9 July 2015 

ExxonMobil, the world’s biggest oil company, knew as early as 1981 of climate change – seven years before it became a public issue, according to a newly discovered email from one of the firm’s own scientists. Despite this the firm spent millions over the next 27 years to promote climate denial. 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.

Following Explosion, Shell Moerdijk Criticised by Dutch Safety Board

Enhanced Google Translation of a Reuters report published in Dutch on 9 July 2015 Screen Shot 2015-07-09 at 12.20.57

Screen Shot 2015-06-11 at 19.31.15Shell has therefore not fulfilled the high expectations of safety management within the company.

Shell Moerdijk should be more critical of security risks in the company.

Thus concludes the Safety Board in a report on the explosion at the company’s plant on June 3 last year, which was published Thursday.

“Shell was not aware of the chemical reaction that eventually led to an explosion,” according to the study.

”As a result, employees were not able to intervene in time. Especially in the implementation of changes in production processes, equipment and raw materials the company must do better to consider new risks that arise here.”

According to Shell the explosion resulted from pressure in the reactor of the plant.This was in one of the factories where the raw materials for the production of plastics are produced. 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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