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Posts on ‘January 24th, 2017’

Shell, Phillips 66 buy 6.4 mln bbls of oil from U.S. emergency reserve

Oil companies Shell and Phillips 66 together bought 6.4 million barrels of oil last week from the Strategic Petroleum Reserve (SPR), according to a Department of Energy document released on Tuesday.

Shell bought 6.2 million barrels of oil and Phillips 66 bought 200,000 barrels on Jan. 18, said the department document, seen by Reuters.

The federal government held the sale to fund a revamp of the emergency oil stash, which is stored in salt caverns in Louisiana and Texas along the Gulf Coast. The Department of Energy had said it would sell up to 8 million barrels as part of its modernization program. 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.

UK: Shell ruling could give green light to corporations for abuses abroad

Spokespeople available for interview

On Thursday 26 January the UK High Court will rule on whether two Niger Delta communities whose environment and livelihoods were destroyed by oil spills can have their claims against Shell heard in the UK. The case could set a precedent for holding other UK-based multinationals to account for abuses committed overseas.

“This ruling will have wide-ranging implications for corporations based in the UK that abuse human rights abroad. If the court rules that the communities cannot have their case heard in the UK it would effectively be a green light for UK multinationals to profit from human rights abuses and environmental destruction around the world,” said Audrey Gaughran, Director of Global Issues at Amnesty International. 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.

Exploration boss discovers new role in risk-averse Shell

Emily Gosden, Energy Editor: January 24, 2017

Royal Dutch Shell’s exploration chief is to step down after seven years, as the energy company cuts back on drilling new wells.

Ceri Powell, the highest ranking woman at Shell pending the elevation of Jessica Uhl to chief financial officer, is to take up a new role as managing director of Brunei Shell Petroleum in March.

A geologist who grew up in Pembrokeshire and who joined Shell in 1990, Ms Powell, 53, has twice been named on Fortune’s 50 most powerful women in business list. She is to be replaced as Shell’s executive vice-president of exploration next month by Marc Gerrits, another company veteran who is at present vice-president of upstream strategy. 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.

Chemicals ‘growth engine’ at Shell despite Saudi divestment – company

23 January 2017 

LONDON (ICIS)–Royal Dutch Shell’s chemicals business will continue to be a “growth engine” for the company despite the $820m disposal in its Saudi joint venture with SABIC, a spokesperson for the UK-Netherlands energy major said on Monday.

Shell announced late on Sunday it was divesting its 50% stake at SADAF, a 37-year old joint venture with the Saudi petrochemicals major.

The SADAF joint venture, at Jubail Industrial City, has six petrochemical plants with a total output of more than 4m tonnes/year, according to Shell, including production plants of ethylene and styrene with output capacities of 366,000 tonnes/year and 400,000 tonnes/year, respectively, according to Shell’s 2015 financial report.   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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