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Posts on ‘March 10th, 2018’

Coal is out and oil is fading, making natural gas the fossil fuel of choice

Royal Dutch Shell CEO Ben van Beurden speaks at the CERAWeek conference at the Hilton Americas, Wednesday, March 7, 2018, in Houston. (Photo: Karen Warren / Houston Chronicle)

Coal is too dirty. Oil is too messy. And renewables are too intermittent. But natural gas is just right.

Energy companies of every stripe have fallen in love with the stepchild of fossil fuels. No longer considered an annoying byproduct of oil drilling, natural gas’ multiple applications and relative cleanliness guarantee it a place in the future energy mix.

The CEO of French energy giant Total, Patrick Pouyanné, joked that he runs a gas and oil company, rather than oil and gas, during his appearance at CERAWeek by IHS Markit, the annual energy conference in Houston. Every major international energy company in the world is emphasizing gas over oil. read more

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BP, Shell execs report surprise production boost from mature wells

|About: BP p.l.c. (BP)|By: , SA News Editor

  • BP CEO Bob Dudley has spent 38 years in the oil business, and he says has never seen anything like what happened with the company’s mature oil fields last year – their production increased.
  • Results across the industry were not as spectacular as BP’s but still impressive, executives and officials at the CERAWeek conference said this week; the International Energy Agency reported production from mature fields fell 5.7% last year, the smallest decline in at least a decade.
  • The findings are a surprise because the oil industry cut spending dramatically during the three-year downturn, but the need to stretch each dollar spent is exactly why major oil firms are getting more from those fields, says Wael Sawan, executive VP for deepwater at Royal Dutch Shell (RDS.A, RDS.B), which also reported improved results at its legacy wells.
  • “Companies are focusing on the basics, so there was a massive re-focus on existing wells,” Sawan tells Bloomberg. “It’s the cheapest and most profitable barrel that companies can access.”
  • 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 expects LNG demand will continue to grow in China this year

    China’s energy giants return to Asian LNG market as sellers

    FILE PHOTO: Logos of China National Offshore Oil Corporation (CNOOC) are displayed at a news conference on the company’s interim results in Hong Kong, China March 23, 2017. REUTERS/Bobby Yip/File Photo

    “We expect LNG demand to continue to grow in China this year,” Royal Dutch Shell’s Steve Hill said on Friday, citing the government’s commitment to cutting back on coal.

    Oleg Vukmanovic, Jessica Jaganathan: 9 MARCH 2018

    LONDON/SINGAPORE (Reuters) – Falling industrial demand and mild weather have turned China’s energy giants into sellers of liquefied natural gas (LNG) in Asia for the first time since last year’s massive import spree.

    Chinese players were on the receiving end of last year’s doubling of LNG prices, largely driven by their rapid shift to gas to combat coal smog as well as elevated regional demand for the fuel.

    Although a CNOOC executive last week warned producers not to expect a similar payday in 2018, industry executives said they were not unduly concerned by the blip, saying Chinese demand would continue to grow. 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

    DEP public hearing for Shell Pipeline set for April 3

    Posted Mar 9, 2018 at 5:00 PM 

    The state Department of Environmental Protection will hold a public hearing April 3 at Central Valley High School to discuss Shell Pipeline Co.’s Falcon ethane pipeline project.

    CENTER TWP. — The state Department of Environmental Protection will hold a public hearing April 3 at Central Valley High School to discuss Shell Pipeline Co.’s Falcon ethane pipeline project.

    The department decided last month to host a series of public hearings in the three counties in western Pennsylvania that will be impacted by the pipeline: Beaver, Allegheny and Washington. 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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