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Posts on ‘March 9th, 2018’

Shell in bid for BHP’s US shale assets

Royal Dutch Shell is working with the private equity firm Blackstone Group on a $10 billion (£7.2 billion) bid for BHP Billiton’s US shale assets.

The Anglo-Dutch oil group first expressed interest in the assets, some of which neighbour its own existing shale fields in the Permian basin, last month.

It has now teamed up with the private equity giant to work on a joint offer, Sky News reported last night. Shell and Blackstone both declined to comment. 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

Aberdeen students designing hydrogen vehicle for Shell eco-marathon

Students from the University of Aberdeen are designing a hydrogen-fuelled car as they prepare to compete against teams from around the world in Shell’s Eco-marathon.

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The challenge sees students design, build and test energy-efficient cars to see which vehicle can go furthest with the least fuel.

Aberdeen’s Team ProtoAU has made it through several qualifying stages and will compete in the finals in London in July.

Their 20-strong group of engineering and business students will now work on building a car to compete in the prototype class, which is being constructed in the university’s Fraser Noble building, home to the School of Engineering. read more

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Shell looks to meet growth in LNG trucking in Asia

SINGAPORE (Reuters) – Royal Dutch Shell is planning to build a truck loading facility at its Hazira liquefied natural gas (LNG) terminal on India’s west coast as it looks to meet demand from industrial users, a top company official said on Friday.

The facility, which could be ready by next year, will be used to supply industrial demand through trucking in places that can’t access supply from the grid, said Steve Hill, executive vice president at Shell Energy.

“It has a big potential growth … in India because energy supply reliability is a big issue in India,” he said at a media briefing in Singapore, referring to LNG being transported in trucks to industrial users.

“There hasn’t been as much supply infrastructure in place, but some of the import terminals are now putting the truck loading facilities in place so that’s opening up that option.”

Shell Gas B.V, a unit of Royal Dutch Shell Plc, holds a majority stake in the Hazira LNG Terminal and Port in a venture with a unit of France’s Total SA.

LNG trucking works well for locations off-grid, with China and India the two obvious markets, Hill said. 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 seeks to sell out of several Norwegian fields

Ron Bousso: 8 MARCH 2018

HOUSTON (Reuters) – Royal Dutch Shell is selling out of the ageing Draugen field in Norway and is also offering small stakes in a number of other fields, according to a document seen by Reuters.

The sale process is part of the Anglo-Dutch company’s drive to sell $30 billion of assets by the end of the year following the acquisition of BG Group in 2016. It has so far sold over $25 billion.

Shell is offering its 44.56 percent stake in the Draugen field, which produces around 225,000 barrels per day, according to the sales brochure. Draugen, which Shell operates, started producing in 1993 and has another 20 years of life, the document said. 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’s U.S. shale output plans prioritize oil over natgas

Ron Bousso. Ernest Scheyder: 8 March 2018

HOUSTON (Reuters) – Royal Dutch Shell Plc (RDSa.L) is focused on increasing its U.S. shale operation’s oil production while slowing investment in lower-margin natural gas, an executive said on Thursday.

The Anglo-Dutch company aims to boost its overall shale production by 200,000 barrels of oil equivalent per day (boe/d) to 500,000 boe/d between 2017 and 2020, mostly in the United States with some production in Argentina.

Although the shale business has yet to generate a profit, it is expected to do so next year, Greg Guidry, who heads Shell’s shale operations, told Reuters on the sidelines of the CERAWeek energy conference in Houston.

Shell, like Exxon Mobil Corp (XOM.N) and Chevron Corp (CVX.N), aims to make shale production a driver of growth in the next decade. But today most of its output is natural gas, where profit margins are lower.

As a result, around 85 percent of Shell’s shale budget for at least the next two years will go toward new oil resources, particularly in the Permian oilfield of West Texas and Canada’s Duvernay Basin, Guidry said. 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 Says Oil’s Not Going Anywhere

There’ll be at least one home still welcoming fossil fuels in the face of a growing threat from cleaner resources, according to Royal Dutch Shell Plc.

Heavy industry relies on hydrocarbons to generate extremely high temperatures and chemical reactions, according to Mark Quartermain, vice president of crude oil trading and supply at the company. Many processes used in iron, steel, cement and plastics factories can’t be electrified at all, and even if they could be, cannot be done at a viable cost in the foreseeable future, he said at a conference in Singapore. 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 and Anadarko avoid divorce after spat, plan Permian growth

An oil rig on Anadarko’s acreage in the Permian Basin. Photo: Brett Coomer / Brett Coomer / Houston Chronicle

Royal Dutch Shell and The Woodlands’ Anadarko Petroleum feuded last year over spending and control of their Permian Basin joint venture in West Texas. Now, they say, they’ve avoided a messy divorce and are primed to grow in the booming oil and gas region.

The deal combined one the world’s biggest oil companies with one of Texas’ top independent oil and gas producers, marrying global financial resources with local shale expertise. Shell, new to the Permian, inherited the partnership when it paid about $2 billion in 2012 to acquire a 618,000-acre position in West Texas from Oklahoma’s Chesapeake Energy, which had formed the joint venture with Anadarko five years prior. 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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