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Posts on ‘July 4th, 2016’

Shell seeks $2 billion from Aramco in Motiva joint venture breakup

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LONDON/HOUSTON | BY RON BOUSSO AND ERWIN SEBA: Mon Jul 4, 2016 3:25pm BST

Royal Dutch Shell (RDSa.L) has asked Saudi Aramco for up to $2 billion (£1.5 billion) as part of the breakup of their giant Motiva Enterprises refining joint venture in the United States, the latest stumbling point in a partnership fraught with tension.

The payment would be compensation for the Saudi company retaining a larger share of the nearly two decade-old JV. Its split was announced in March and is expected to be completed in October but disagreements over the payment could postpone the final date, sources close to the talks told Reuters. read more

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Shell delays North Sea Brent platform decommissioning to 2017

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By REUTERSPUBLISHED: 18:24, 4 July 2016

LONDON, July 4 (Reuters) – Anglo-Dutch oil major Royal Dutch Shell will start dismantling its nearly 40-year-old Brent Delta platform in the North Sea in 2017, a senior manager said, delaying the process by around one year.

Brent Delta, as tall as the Eiffel Tower, is the first of four Brent platforms to be decommissioned and one of the first large-scale projects to dismantle a depleted North Sea oil field.

The start of the complex work, which has been planned for 10 years, has been delayed to next year after it took longer than expected to equip the specialist vessel which will transport the 25,000-tonne topside of the platform to Hartlepool harbour where it will be taken apart. read more

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Shell seeks exemption to North Sea clear-up rules

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Andrew Ward, Energy Editor: July 4, 2016

Royal Dutch Shell wants to leave behind steel and concrete structures as large as the Empire State Building when it abandons one of the biggest oil and gas fields in the North Sea.

FULL FT ARTICLE

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 job losses could be worsened by Brexit vote

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Oil giant Royal Dutch Shell has warned over the possibility of further job cuts.

The risk of more job losses is a result of uncertainty caused by the UK’s vote to quit the European Union, City A.M. understands.

Since last year Shell has slashed 12,500 jobs following the fall in oil prices and its tie-up with rival BG.

At the time of Shell’s initial takeover bid for BG Group last year it had 93,000 employees. Meanwhile, BG Group’s staff numbered around 5,000.

The deal came amid a collapse in oil prices, which fell from over $115 per barrel in the summer of 2014 to as low as $27 in February this year. 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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