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Posts on ‘June 10th, 2016’

Bad news for fossil fuels

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By Ed Crooks: June 10. 2016

Two of the most widely respected energy analysts – BP’s economics team and the International Energy Agency – published reports this week, and both brought bad news for fossil fuel producers. They differed, however, in the focus of their gloomy perspectives. For BP, publishing its 65th annual Statistical Review of World Energy, it was coal that came off worst. As Spencer Dale, BP’s chief economist, put it in his presentation, “2015 was undoubtedly an annus horribilis for coal”. The shift to natural gas for power generation in the US gathered pace, and there was a second consecutive year of declining consumption in China. 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.

Britain to shed a quarter of its oil jobs since price fell – industry

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Friday 10 June 2016

Screen Shot 2016-05-21 at 10.18.28LONDON (Reuters) – As many as 120,000 oil workers will have lost their jobs in Britain by the end of the year compared to mid-2014 when oil prices started declining and unleashed sector-wide cost cuts, the industry’s lobby group said on Friday.

Britain’s oil industry and indirectly related jobs like supply chain and services are estimated to fall to 330,000 by the end of the year, down from 450,000 in 2014, Oil and Gas UK said in a report.

Major British oil industry employers like Royal Dutch Shell (RDSa.L), BP (BP.L) and Chevron (CVX.N) have all announced substantial job cuts in order to rein in costs as revenues have been hit hard by weak oil prices. 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.

Niger Delta Avengers blow up another Shell facility

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Chrisantus Obi-Ezechukwu: Friday, 10th June 2016

Screen Shot 2016-05-21 at 10.18.28New militant group, Niger Delta Avengers, last night blew up another oil facility belonging to Shell Petroleum Development Company (SPDC).

The facility is said to be around Ogidigben, Warri South West Local in Delta State.

It was learnt that the incident occurred after 8p.m.

“The incident occurred along the Chanomi Creek around Ogidigben area. We got reports from our field office that a loud explosion was heard at the location, which was followed by a huge ball of fire,” a source said. 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 makes $4bn North Sea investment pledge

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Written by Energy reporter – 10/06/2016 7:56 am

Royal Dutch Shell said its spending plans will include a cash injection of around $4billion for the North Sea.

The investment drive will be rolled out between this year and 2018 and is understood to be line with its previous expenditure in the region.

The energy giant announced on Tuesday that it would scale down global investment and pinpoint further savings as it grapples with lower oil prices.

Paul Goodfellow, Shell’s vice president for Upstream in UK & Ireland, told the Press Association that it will “include significant investments with our partners West of Shetland in the Clair and Schiehallion projects in which Shell has a 28% and 55% share respectively.” 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.

Leak reportedly shuts Nigeria’s Trans Niger Pipeline

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Jun 9 2016, 17:26 ET | By: Carl Surran, SA News Editor

Nigeria’s Trans Niger Pipeline, one of two major pipelines that carries the Bonny Light crude grade for export, was shut down yesterday after a leak was found, Upstream reports.

Royal Dutch Shell (RDS.A, RDS.B), one of TNP’s partners, confirmed that the pipeline had shut down but declined to comment further; the other partners are Total (NYSE:TOT), Eni (NYSE:E) and Nigerian National Petroleum Corp.

The shutdown comes just as repairs were completed on the Nembe Creek Trunk Line that also moves Nigeria’s major export grade. 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.

Aranguren also in the spotlight as he refuses to sell Shell stock

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Thursday, June 9, 2016

The sworn declarations of the assets belonging to the officials of the Mauricio Macri presidency (presented last Thursday at the Anti-Corruption Office) reveal varying degrees of wealth among a total of of over 430 million pesos but no item had more impact than the 16 million pesos worth of shares retained in Shell by Energy and Mining Minister Juan José Aranguren because it also represents a conflict of interest.

But Aranguren (with a 38-year career in Shell, whose local branch he headed for 12 years until last December when he joined Macri’s Cabinet) has no plans to shed the shares. Ministry spokesmen hastened to defend the situation of controlling the oil industry while owning shares in one of its companies by arguing: “The only restriction imposed by the law is that the minister cannot take specific decisions concerning Shell as a company previously employing him.” 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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