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Posts on ‘October 18th, 2015’

Interior: No more new Arctic oil leases for remainder of Obama’s presidency

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Interior: No more new Arctic oil leases for remainder of Obama’s presidency

Screen Shot 2015-10-05 at 14.03.31Gregory Korte, USA TODAY: Oct 16, 2015

WASHINGTON — The Obama administration is canceling its plans to sell oil drilling rights in the Arctic Sea through 2017, a remarkable turnaround since expanding drilling by approving new drilling permits for Shell Oil earlier this year.

But Royal Dutch Shell’s decision last month to suspend its oil exploration in offshore Alaskan waters — citing disappointing results from a well in the Chukchi Sea — prompted the Interior Department to cancel further oil leases.

“In light of Shell’s announcement, the amount of acreage already under lease and current market conditions, it does not make sense to prepare for lease sales in the Arctic in the next year and a half,” said Secretary of the Interior Sally Jewell. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

Saudi Arabia’s Oil War With Russia

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By Leonid Bershidsky: Oct 16, 2015

As President Vladimir Putin tries to restore Russia as a major player in the Middle East, Saudi Arabia is starting to attack on Russia’s traditional stomping ground by supplying lower-priced crude oil to Poland.

At a recent investment forum, Igor Sechin, chief executive of Rosneft, Russia’s biggest oil company, complained about the Saudis’ entry into the Polish market. “They’re dumping actively,” he said. Other Russian oil executives are worried, too. “Isn’t this move a first step toward a redivision of Western markets?” Nikolai Rubchenkov, an executive at Tatneft, said at an oil roundtable Thursday. “Shouldn’t the government’s energy strategy contain some measures to safeguard Russia’s interests in its existing Western markets?” read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

SUPP concerned over oil and gas retrenchments in Sarawak

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Screen Shot 2015-09-17 at 07.55.40BY STEPHEN THEN: 17 Oct 2015

MIRI: The Sarawak United People’s Party (SUPP) has expressed concerns over an imminent downsizing of staff in the oil and gas industry, said SUPP secretary general Datuk Sebastian Ting (pic) and SUPP information chief Adam Yii

The two told a press conference here that downsizing would also affect oil and gas industry staff working in Miri, adding that affected workers were worried about their fate.

“SUPP has received information that Shell will carry out a restructuring of their businesses in the country and that Sarawak will also be affected, especially Miri,” said Ting. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com
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