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Posts on ‘July 22nd, 2015’

U.S. says Shell is not yet allowed to drill in Arctic oil zone

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The Department of the Interior conditionally granted Shell permits for oil exploration in the Chukchi Sea off Alaska.

Timothy Gardner: Jul 22, 2015 

WASHINGTON (Reuters) – The U.S. Interior Department on Wednesday granted Royal Dutch Shell <RDSa.L> two final permits to explore for crude in the Arctic this summer, but said the company cannot drill into the oil zone until required emergency equipment arrives in the region.

The department’s Bureau of Safety and Environmental Enforcement (BSEE) conditionally granted Shell permits for exploration in the Chukchi Sea off Alaska, in a season which sea ice limits from July until October. 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 gets permits necessary for limited oil exploratory drilling off Alaska’s northwest coast

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Screen Shot 2015-06-13 at 09.26.53Associated Press: July 22, 2015 | 4:29 p.m. EDT

WASHINGTON (AP) — The Obama administration has given Royal Dutch Shell PLC approval to begin limited exploratory oil drilling off Alaska’s northwest coast.

The two permits issued Wednesday clear the way for drilling in Chukchi Sea, but with conditions.

Shell can only drill the top sections of wells because the company doesn’t have on site the critical emergency response equipment to cap the well in case of a leak. That equipment is aboard a ship headed to Portland, Oregon, for repairs. 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.

Here’s Why Royal Dutch Shell plc Was Downgraded By S&P

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According to S&P, the softness in crude oil prices and significant capital expenditures, despite recent spending cuts, have weakened Shell’s financial risk profile, which is reflected in the ratings downgrade.

By: MICHEAL KAUFMAN: Jul 22, 2015 

Standard & Poor’s (S&P) has downgraded the credit rating of European oil major Royal Dutch Shell plc (ADR) (NYSE:RDS.A) by one notch, according to a note released Tuesday. The credit rating agency has lowered the long-term corporate credit rating for Shell from AA to AA-, while affirming a short-term rating of A-1+.

“We removed the long- and short-term ratings from CreditWatch, where we placed them with negative implications on April 9, 2015,” S&P said in the note. According to S&P, the softness in crude oil prices and significant capital expenditures, despite recent spending cuts, have weakened Shell’s financial risk profile, which is reflected in the ratings downgrade. 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 accused of providing £25,000 in alcohol to police

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Screen Shot 2015-07-22 at 09.35.09Richard Hartley-Parkinson for Metro.co.uk

Wednesday 22 Jul 2015

Shell has been accused of supplying £25,000 in alcohol to Irish police officers by two suppliers to an Irish gas project.

Desmond Kane and Neil Rooney both claimed in court that they were told by someone from Shell E&P Ireland to buy the alcohol, according to the Irish Journal.

Rooney told Castlebar Circuit Criminal Court that he was asked by senior pipeline engineer Conor Byrne to make the delivery in 2007.

He said he initially bought £7,000 worth of alcohol but was told by Byrne ‘you stupid c**t, there’s over 300 guards here, you’ll have to go back and get more’. 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.

S&P cut its rating on Shell after big BG merger

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Standard & Poors cut its rating on Royal Dutch Shell Plc (RDSa.L) by one notch to ‘AA minus’ from ‘AA’, citing a weaker financial risk profile, mainly due to soft oil prices, and continuing substantial capital expenditures.

The rating agency said the outlook on the company is negative reflecting possible adverse effects on credit metrics if the large BG Group Plc (BG.L) acquisition is finalised.

Shell announced in April that it has agreed to buy BG Group Plc for about 47 billion pounds, making it the first oil super-merger in a decade. 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.

FT: Royal Dutch Shell taken down a notch by S&P

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Screen Shot 2015-06-04 at 15.36.59The inability of oil prices to push on from the high for the year reached in early May has caught up with Royal Dutch Shell.

That’s the view of credit rating agency Standard & Poor’s, which on Tuesday cut its rating on the Anglo-Dutch oil major’s long-term credit rating to ‘AA-‘ from ‘AA’.

FULL ARTICLE

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.

Dear Mr. President: Prove Your Climate Rhetoric and Stop Arctic Drilling

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Miyoko SakashitaOceans Director, Center for Biological Diversity: 21 July 2015

Dear Mr. President:

I’ve often been struck by your soaring rhetoric on combating climate change, transitioning to clean energy sources, and protecting the natural environment. Clearly on some level you get it, as you’ve demonstrated in speech after speech. That’s why I don’t understand how you could even consider approving Shell’s dangerous plan to drill for oil in the Arctic Ocean this summer – and why I’m imploring you to stop this reckless and short-sighted project. 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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