Jul 29th, 2016
by John Donovan.

Written by Niamh Burns – 29/07/2016 7:59 am
Unions will stage a 48-hour strike next week as industrial action continues on seven Shell assets in the North sea.
Both RMT and Unite members voted in support of action for the first time in more than a generation.
Around 400 workers are taking part in a continuous overtime ban, while tools were also downed on Tuesday this week, followed by two three hour stoppages yesterday.
Wood Group is currently making changes to is contracts with workers on Shell installations after renewing its contract with the oil major earlier this week. read more
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Jul 29th, 2016
by John Donovan.

JUL 28, 2016, 08:00 ET
HOUSTON, July 28, 2016 /PRNewswire/ — Shell today announced a new exploration discovery in the deep water U.S. Gulf of Mexico. The initial estimated recoverable resources for the Fort Sumter well are more than 125 million barrels of oil equivalent (boe). Further appraisal drilling and planned wells in adjacent structures could considerably increase recoverable potential in the vicinity of the Fort Sumter well.
“The Fort Sumter discovery builds upon Shell’s global deep-water leadership. Its proximity to our nearby discoveries in the area, and to highly prospective acreage to the southeast, makes Fort Sumter particularly significant,” said Ceri Powell, Executive Vice President Exploration. “These successes demonstrate there is still running room in the producing basins of our heartlands where large, high-value discoveries have the potential to further strengthen our deep-water competitiveness.” read more
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Jul 29th, 2016
by John Donovan.

by Angela Macdonald-Smith: July 29 2016
Royal Dutch Shell looks to be heading for an exit from Woodside Petroleum sooner rather than later, after reclassifying its remaining $3 billion stake in the Australian oil and gas producer as an “asset for sale”.
The move appears to be driven by technical reasons because of Shell’s reduced representation on Woodside’s board. But at the same time it may signal a firmer intention to dispose of the circa 13 per cent stake, which Shell has for some time declared as a non-strategic holding. read more
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