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Posts on ‘October 26th, 2017’

Shell Reports Emissions at Deer Park, Texas, Plant

Features Dow Jones Newswires

Royal Dutch Shell PLC (RDSA RDSB) reported emissions from its Deer Park, Texas, refinery and chemical facility following a leak of benzene.

In a statement to the Texas Commission on Environmental Quality, Shell said the emissions event happened Wednesday over a four-hour period. The cause, it said, was rooted in an Oct. 10 incident in which “a flange leak occurred at the Phenol 2 unit.”

The refinery said the flange leak is ongoing, and the material released is benzene, which is a component of crude oil that has carcinogenic properties. 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

Amid Low Prices, Oil Giants Gush About Breaking Even

By Sarah Kent Dow Jones Newswires

The world’s biggest oil companies have a suddenly popular measure for success: breaking even.

Once obscure and little noted, the break-even number has become an obsession for investors in oil giants such as Exxon Mobil Corp., BP PLC and Chevron Corp. as crude prices stay mired between $50 and $60 a barrel. At its simplest, the metric represents the oil price that a company needs to generate enough cash so it can cover its capital spending and dividend payouts. 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

Shell submits new plans for Fram field development

Written by

Shell is targeting first gas from the field, which lies 136miles east of Aberdeen, in the second quarter of 2020.

The company intends to develop the gas and gas condensate field via a tie-back to the Shearwater platform 20 miles away.

The submission of the plans comes about two months after Shell chief executive Ben van Beurden said the company was committed to the North Sea, despite agreeing to sell a package of assets in the basin to Chrysaor earlier 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

BP, Shell Put Oil Ahead of Earth, ESG Group Warns Investors

Oil giants focus excessively on fossil fuel production, a green advocacy group concluded, and urged investors to demand clear plans for controlling climate change.

Joe McGrath: October 25, 2017

Performance targets of energy companies Royal Dutch Shell and BP remain too heavily biased towards hydrocarbon production, a report has warned.

ShareAction — a U.K. charity that promotes environment, social, and governance-oriented investing — looked at BP and Shell’s greenhouse emissions management policies, asset portfolio resilience, corporate key performance indicators, executive incentive structures, and influences on public policy. The group concluded that the oil giants prioritize the production of fossil fuels, which could incentivize management behavior “misaligned” with shareholder interest, as defined by ShareAction. 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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