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Posts on ‘May 11th, 2016’

Nigeria oil output set to fall to 22-yr low on pipeline outage

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YENAGOA, NIGERIA: Wed May 11, 2016

(Reuters) – Nigeria’s oil production is set to fall to its lowest in more than two decades after Royal Dutch Shell’s local operation said it had shut a major pipeline.

Nigeria’s oil output fell close to a 22-year low this month due to attacks on oil pipelines in the southern Niger Delta, home to much of the country’s oil and gas wealth, compounding the impact of low oil prices on Africa’s largest economy.

On Wednesday, Shell Petroleum Development Co (SPDC) said it declared force majeure on Bonny Light crude exports on Tuesday after closing the Nembe Creek Trunk line (NCTL) for repairs after a leak. NCTL carries all the country’s Bonny Light. 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

OPPOSITION TO BEN VAN BEURDEN BONUS

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Translation of an article published 10 May 2016 by the Dutch Telegraph.

LONDON – The leading consulting firm Glass Lewis has criticized the bonus being paid to Shell CEO Ben van Beurden.

Glass Lewis has recommended shareholders to vote against the remuneration of the Directors at the shareholders’ meeting, according to the business newspaper The Wall Street Journal on Tuesday.

Van Beurden saw his salary drop by 8 percent over last year, but his bonus went up by 8 percent compared to 2014. 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 Canada reopens first oilsands mine shut down by Fort McMurray fires

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By DAN HEALING: The Canadian Press: Tues., May 10, 2016

CALGARY—The first oilsands mine shut down by wildfires in the Fort McMurray region a week ago has been restarted.

Shell Canada said Tuesday that it had resumed production at its Albian Sands mining operations about 95 kilometres north of Fort McMurray after a seven-day closure.

The operations, which include the Muskeg River and Jackpine oilsands mines, have the capacity to produce 255,000 barrels of oil a day, but Shell would say only that they were operating at a reduced rate. 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 forfeits Arctic leases once worth $2b

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Screen Shot 2016-05-10 at 08.42.36By Liz Ruskin, APRN: May 10, 2016

Shell is giving back all but one of its leases in the Chukchi Sea.

The announcement comes seven months after Shell said it was halting exploration in Alaska’s offshore Arctic for the foreseeable future.

Gov. Bill Walker calls the news “disappointing.”

Michael LeVine, Pacific senior counsel for the conservation group Oceana, says the lease-surrenders underscore Shell’s exit.

“They’re significant because they really call to an end this era of exploration, at least in the Chukchi Sea,” he said. 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

BG Group to leave its namesake tower downtown

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By Nancy SarnoffMay 10, 2016

About five years after signing on to be the lead tenant in a new downtown office tower, BG Group will be leaving its namesake building.

The British gas producer, recently acquired by Royal Dutch Shell, will move employees out of the building at 811 Main by year’s end, Shell spokeswoman Natalie Mazey said Tuesday.

Staff will be relocated into existing Shell space downtown and on the west side. Most of Shell’s downtown offices are in One Shell Plaza and 1000 Main.

The departure of BG from 811 Main comes as the latest in a series of hits to the city’s office market amid the oil bust. 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 fleet of ancient rust buckets fit only for the scrapyard

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By John Donovan

In June 2015, I published an article by a regular contributor about the notorious Noble Discoverer, one of two drill ships used by Shell in their notorious offshore Alaska drilling campaign.

The insider described Shell’s fleet of five vessels sent into Arctic waters as ancient rust buckets fit only for the scrapyard.  

Apparently an entirely appropriate assessment, as I understand from a different source that the Noble Discover may well be on her way now to the infamous Alang shipbreaker yards in India. 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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