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Posts on ‘September 6th, 2016’

Despite cuts, oil giants look to expand production

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Ben Chapman: 6 Sept 2016

Never mind the drop in crude prices, huge spending cuts and thousands of job losses, the world’s top oil and gas companies are set to produce more than ever for some time.

While top oil companies struggle with slumping revenues following a price rout after years of spectacular growth, their production has grown as projects sanctioned earlier in the decade come on line. Overall production at the world’s seven biggest oil and gas companies is set to rise by around 9 per cent between 2015 and 2018, according to analysts’ estimates. read more

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Shell starts production at Stones in the Gulf of Mexico

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“Stones is the latest example of our leadership, capability, and knowledge which are key to profitably developing our global deep-water resources,” said Andy Brown, Upstream Director, Royal Dutch Shell.  “Our growing expertise in using such technologies in innovative ways will help us unlock more deep-water resources around the world.”

Stones, which is 100% owned and operated by Shell, is the company’s second producing field from the Lower Tertiary geologic frontier in the Gulf of Mexico, following the start-up of Perdido in 2010. 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

Saudi Aramco-Motiva in lead to buy Lyondell’s Houston refinery: sources

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By Erwin Seba and Jessica Resnick-Ault | HOUSTON/NEW YORK

Saudi Aramco and its U.S. refining joint-venture Motiva Enterprises [MOTIV.UL] lead the race to buy LyondellBasell Industries Houston refinery, according to three sources familiar with the matter.

An announcement of the sale by Lyondell is expected this week, the sources said.

Lyondell spokesman Michael Waldron declined on Monday to discuss a sale of the refinery.

Reuters reported on Aug. 25 that Dutch chemical company Lyondell had retained Bank of America Merrill Lynch to help with a sale of the refinery. 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

65 seconds of Shell/Corrib sales will pay €1,000 flaring fine

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Screen Shot 2016-09-06 at 11.15.18News Release – Issued by Shell to Sea – Sept 6th, 2016 – For immediate release

— Shell fined EUR1,000 while making an estimated EUR240 million in Corrib sales so far this year —

Yesterday (5th September) at Dublin District Court, Shell were fined EUR1,000 after pleading guilty to causing light and noise pollution from gas flaring at Bellanaboy refinery last New Years Eve. The prosecution was brought by the Environmental Protection Agency (EPA) following complaints from people living around the Bellanaboy refinery.[1] 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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