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Posts on ‘December 30th, 2015’

Shell Opens Natural Gas Wells Off Irish Coast

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A wall of steel protects the workers at the entrance to the Corrib gas terminal site, which opened on Wednesday in Bellanaboy Bridge, Ireland. Credit Paul McErlane/Bloomberg News

LONDON — Two decades after being discovered, natural gas began flowing on Wednesday from wells off Ireland’s northwest coast. Royal Dutch Shell, the oil company, said it had begun producing gas from undersea wells, part of an effort for Ireland to produce more of its own resources.

Opening the taps in the Corrib field, more than 50 miles offshore, is a breakthrough for the oil and gas industry in Ireland, which had mostly disappointing results in recent years while encountering resistance from environmental groups. read more

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Shell producing Irish natural gas after decade of project delays

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December 30, 2015 | By Collin Eaton

HOUSTON — Royal Dutch Shell has started extracting natural gas off the coast of Ireland after more than a decade of project delays and an estimated $3.1 billion in unexpected cost overruns.

The Anglo-Dutch oil major on Wednesday said it aims to pump enough gas from the Corrib gas field to quench as much as 60 percent of Ireland’s demand for gas. It’s the latest move by Shell to cement its place among the world’s biggest gas suppliers, coming eight months after the company agreed to a $53 billion deal to buy British liquefied natural gas firm BG Group. read more

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Natural gas begins flowing from controversial Corrib field

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Peter Murtagh: 30 Dec 2015

Natural gas is flowing into the national supply grid from the Corrib gas field off Co Mayo for the first time since it was discovered in 1996.

One of six wellheads, drilled in 350m of water 84km off the west coast, was opened on Wednesday by the field developer, Shell E&P Ireland.

This started gas flowing through a 20 inch diameter off-shore pipeline to an 8.3km-long on-shore pipeline, which includes a 4.9km tunnel beneath Sruwaddacon Bay, the longest in Ireland.

It continues from there into the company’s reception terminal at Ballanaboy, near Belmullet in Co Mayo. 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

Ireland’s Corrib Field Now Producing Natural Gas

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Screen Shot 2015-12-30 at 16.57.35By SARAH KENT: Dec. 30, 2015 2:59 p.m. ET

LONDON—After nearly two decades of development, one of Ireland’s largest-ever energy projects is now producing natural gas, Royal Dutch Shell PLC said Wednesday.

…the Anglo-Dutch firm’s plans to build an onshore pipeline to transport the Corrib field’s gas to a terminal it would construct at Bellanaboy in County Mayo met with fierce local opposition. The concerns surrounding the safety of the pipeline and its effects on the environment, led to delays and increased costs… 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

Desperate measures for a desperate Corrib project

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Screen Shot 2015-12-30 at 16.57.35New Release – Issued by Shell to Sea – December 30th 2015 – For immediate release

—  Minister White slips consent to Shell during Christmas period —

Shell to Sea have called the granting by Alex White of consent to operate the Corrib Gas pipeline – desperate and disgraceful. Permission was granted despite Shell’s EPA consent to operate the Corrib Gas refinery currently being admitted for hearing before the High Court. [1]

Shell to Sea is of the view that Shell possibly had contractual obligations which required that Corrib gas flow before end 2015 so they once again snapped their fingers at government to do the needful – in this instance the government of ‘law and order’ has shown itself no different to Fianna Fáil. 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

Royal Dutch Shell Looks To Curtail Capital Spending On Current Down Cycle In Global Oil Prices

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Screen Shot 2015-11-20 at 08.55.47Trefis Team Contributor: DEC 30, 2015 

Oil & Gas companies across the globe are choosing to curtail capital expenditures even though it might mean the loss of growth in future production. Royal Dutch Shell Plc. is also adopting this strategy and recently announced that it is revising its capital spending estimates for 2016. This announcement is the latest in a spate of cost cutting decisions the company has taken in the wake of the extended period of low crude oil prices. We believe that this is the right way forward for Royal Dutch Shell in the near term, and these measures will be beneficial in maintaining the company’s cash profit margins till oil prices begin to recover in the long run. 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’s flimsy payout promise: Oil prices would have to bounce back to about $60-a-barrel for BG merger to make any economic sense, says ALEX BRUMMER

Screen Shot 2015-12-30 at 09.11.22If one were Shell and BG directors clutching at straws, seeking to force through a £47billion merger forged in the midst of a dramatic correction in oil prices, you might breathe a sigh of relief at a 2 per cent rebound in Brent crude to $37 a barrel in latest trading.

The very idea, however, that the proponents of one of the UK’s biggest ever mergers is relying on the hope and the prayer of a recovery in crude prices to about $60 to make any economic sense of the combination is illustration of the flimsiness of this deal.  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

Is BP plc Set To Outperform Royal Dutch Shell Plc In 2016?

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If you’re looking to invest in the oil sector next year, Royal Dutch Shell (LSE: RDSB) and BP (LSE: BP) should be on your hit list.

The two oil giants have many advantages over their smaller peers, such as strong balance sheets, integrated operations and some of the lowest production costs in the business. Indeed, it doesn’t make sense to buy into the smaller producers such as Tullow Oil, Premier or Enquest when shares in Shell and BP are both on offer.  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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