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Posts on ‘November 26th, 2015’

How Much Further Do BP plc And Royal Dutch Shell Plc Have To Fall?

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By Royston Wild – Thursday, 26 November, 2015

To say that 2015 has represented another ‘annus horribilis’ for the oil industry would be something of a colossal understatement. Of course the year has yet to run its course, and the fossil fuel sector will be pinning their hopes on a ‘Santa Rally’ to put down a marker for 2016.

I am far from optimistic over the likelihood of such a scenario, however, and believe that industry giants like (LSE: BP) and Shell (LSE: RDSB) — firms that have seen their share prices dip 6% and 25% correspondingly since the turn of the year — have much more ground to concede. 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

SHELL ‘NO LONGER’ SEE FUTURE IN NORTH-EAST CARBON CAPTURE PROJECT AFTER £1BN FUNDING AXED

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Screen Shot 2015-11-20 at 08.55.47BY JENNIFER MCKIERNAN POLITICAL REPORTER, 26 NOV 2015

PLANS for a £1 billion carbon capture and storage plant at Peterhead have been axed by Chancellor George Osborne in his autumn spending review.

The project, which would have been the world’s first CCS plant, had been expected to create 600 jobs in the North-east.

A spokesman for energy giant Shell said the project was not viable without UK Government funding.

He said: “While we acknowledge this decision has been made in the context of a difficult spending review, without that funding, we no longer see a future for the Peterhead project in the near term.” 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

UK scraps one billion pound carbon capture technology scheme

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Screen Shot 2015-11-20 at 08.55.47“Without that funding, we no longer see a future for the Peterhead project in the near term,” a spokesman for Shell said.

LONDON | BY SUSANNA TWIDALE: Wed Nov 25, 2015

Britain has scrapped plans to spend up to 1 billion pounds ($1.5 billion) to help commercialize the technology for capturing carbon dioxide emissions from power plants and storing them underground, the government said on Wednesday, putting two major projects at risk of being canceled.

The announcement comes just days before negotiators from more than 190 countries are due to meet in Paris to thrash out a global deal to cut greenhouse gas emissions blamed for rising temperatures. 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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By Charles Mandel | November 25th 2015

Screen Shot 2015-11-20 at 08.55.47A handful of protesters from Sum of Us, Greenpeace, the Ecology Action and the Clean Ocean Action Committee delivered a massive 233,000-signature petition to the Canada-Nova Scotia Offshore Petroleum Board (CNSOPB) opposing what they said were extremely lax safety standards around Shell’s drilling program. Currently, if a subsea oil well blowout were to occur, the company would be allowed to take 12 to 13 days to contain it. Shell’s original proposal suggested it could take 21 days to get a capping stack to the site. 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

UK government carbon capture £1bn grant dropped

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Screen Shot 2015-11-20 at 08.55.47A Shell spokesman said: “Shell is disappointed at the withdrawal of funding for the CCS Commercialisation Competition…

25 November 2015

The UK government has announced it is axing a £1bn grant for developing new carbon capture and storage (CCS) technology.

Peterhead power station and the White Rose scheme in North Yorkshire were the bidders in the competition.

Shell and SSE are behind the Aberdeenshire plans.

The energy company Drax had announced in September it was abandoning plans to introduce CCS technology in North Yorkshire.

‘Engage on implications’

In stock exchange announcement, the government said: “Today, following the Chancellor’s Autumn Statement, HM Government confirms that the £1bn ring-fenced capital budget for the Carbon Capture and Storage Competition is no longer available. 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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