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Shell boss on 50 years in the ABZ project

In spite of everything hurled by the North Sea and global market conditions across half a century, and despite predictions to the contrary, Shell remains a big player on the UK Continental Shelf.

Energy Voice interviewed Shell UK upstream vice president Steve Phimister aboard the Shearwater platform.

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A characteristic throughout has been a quest to lead.

Driving Shell forward is VP Upstream President Steve Phimister who, by coincidence, was born the same year as Shell’s UKCS odyssey began 50 years ago.

The super-major has lived through boom times followed by harsh periods when commodity prices were in the basement and, from the late 1990s, speculation grew as to whether such companies had a future in the North Sea. read more

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Shell fined £60,000 after worker severely injured on Brent Delta

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The incident in November 2014 took place on the Brent Delta installation when a gas cylinder unexpectedly discharged, causing projectiles to strike a worker.

Aberdeen Sheriff Court heard today that technicians were required to replace a gas cylinder within a system used to extinguish fires on November 9, 2014.

One technician rolled what he thought was an empty cylinder and took off a protective cap, however the cylinder was in fact fully charged which caused an uncontrolled release of gas and a loud bang –  resulting in the technician dropping the cylinder which caused the valve to shear, with projectiles severely injuring a second technician. read more

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Shell fined £40,000 for breaching pollution rules at Fife plant

Energy giant Shell has been fined £40,000 for breaching climate pollution rules at the Mossmorran Chemical plant in Fife.

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The Scottish Environment Protection Agency  (SEPA) imposed the fine after Shell broke regulation on reporting emissions at the site between 2013 and 2015.

Shell operates a plant at the site in Fife to process thousands of tonnes of North Sea gas per day.

The company had under reported propane unit volumes by approximately 0.5% of total plant volumes over the three-year period.

EU rules mean the firm is obliged to report its climate pollution.

A note on the Sepa website states: “Failure to comply with condition 4 of a Greenhouse Gas Emissions Permit. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, shellnews.net and cybergriping.com are all owned by John Donovan

Shell CEO Van Beurden says UK should move 2040 car ban forward

Shell CEO Van Beurden says UK should move 2040 car ban forward

Chief executive of Shell, Ben Van Beurden, has reportedly said today that he believes the 2040 UK ban on petroleum and diesel car sales should be brought forward.

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In response to a question from an audience member at the Powering Progress Together event in London, Mr Van Beurden reportedly said that while “everyone was going to have to move quickly, the UK ought to move more quickly than most” and that it was “sensible” that the government move the 2040 target forward.

Mr Van Beurden was speaking at the event on the eve of the company’s Shell Eco Marathon to outline his firm’s commitment to a “cleaner future, transport and beyond”. read more

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Shell hoping impact of decommissioning project will be felt far beyond Brent

Shell hoping impact of decommissioning project will be felt far beyond Brent

In the year since the Brent Delta platform came ashore for dismantling, its past and present owners have found there isn’t much that can’t be reused or given away.

The Brent Delta platform with the flare stack and most of the accommodation block dismantled.

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Bedding to an animal charity, mattresses and furniture to people in need, and emergency Marks and Spencer tinned food supplies to food banks – just about everything is of value to someone.

Pumps are being refurbished and 4,400 tonnes of steel has been cut up into “coupons” ready to be sold.

Current owner Able UK is even selling the sand it dug up when it was strengthening the quayside which would receive Brent Delta at its yard in Hartlepool. read more

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Shell joins UK offshore wind partnership group

Shell joins UK offshore wind partnership group

Shell Global Solutions International BV has today joined the Offshore Wind Accelerator (OWA), the Carbon Trust’s collaborative research, development and demonstration programme.

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The oil giant joins existing partners EnBW, E.ON, Equinor, Innogy SE, Orsted, ScottishPower Renewables/Iberdrola, SSE Renewables and Vattenfall Wind Power on the OWA roster.

Set up in 2008, the Carbon Trust’s OWA programme is primarily structured around five research areas: Access Systems; Cable Installation, Electrical Systems; Wake Effects and Wind Resource; and Foundations.

Dorine Bosman, VP Wind Development at Shell, said: “The Carbon Trust’s Offshore Wind Accelerator is a good example of the collaboration required between public and private sectors. The research and development programme will be key to delivering technical, commercial and financial innovations for large scale and sustainable offshore wind opportunities in the future.” read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, shellnews.net and cybergriping.com are all owned by John Donovan

Shell says Nigeria attacks continue despite oil output recovery

Nigeria’s oil wells may be flowing again, but the country’s largest operator says attacks continue to put a brake on output.

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“Security in parts of the Niger delta remains a major concern with persisting incidents of criminality, kidnapping and vandalism as well as onshore and offshore piracy,” said Igo Weli, general manager for external relations at Royal Dutch Shell Plc’s local unit. The warning underlines the enduring threat of attacks even as production recovers from a major militant campaign in 2016.

Shell declared force majeure on Bonny Light crude shipments last month following pipeline leaks, while loadings of Forcados exports were also delayed. Weli didn’t specifically link those incidents to his comments on vandalism. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, shellnews.net and cybergriping.com are all owned by John Donovan

Shell climate ambition snubbed by seven out of eight largest Dutch insurance firms

Seven out of eight of the Netherland’s largest insurance companies snubbed Shell’s climate ambition by abstaining or voting with a fringe group’s resolution.

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Only one insurer, Allianz, voted against the resolution put forward by shareholder activist group, Follow This, who are calling for Shell to align its targets with the Paris Climate Agreement at its most recent AGM.

The three insurers based in the Netherland’s who voted for the resolution, Vivat, NN and Aegon, represent more than £850 million in investment.

APG, Achmea IM and Achmea Own abstained from the vote, Allianz rejected the resolution, while ASR closed Shell of investments for sustainability reasons. read more

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Shell confirms award of 39 North Sea exploration blocks

Shell confirms award of 39 North Sea exploration blocks

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Oil giant Shell today confirmed it had acquired 39 North Sea exploration blocks as a part of the 30th Offshore Licencing Round.

In a statement, Shell said that the 39 blocks break down as 11 operated and 28 non-operated blocks within the North Sea.

Data from the Oil and Gas Authority (OGA) shows that Shell has acquired two operational blocks within the west of Shetland, five within the Central North Sea (North) and further four within the Central North Sea (South).

A Shell spokesperson said “Shell UK can confirm that on 23 May 2018, we were awarded 39 exploration blocks, 11 operated and 28 non-operated, by the UK Oil and Gas Authority (OGA) in the 30th UK Licensing Round. The acreage was applied for on 21 November.” read more

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Shell and BP may face further shareholder opposition at AGM

Shell and BP may have to face down shareholder opposition to their chief executives’ pay packets at their annual general meetings next week.

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And for the third year in a row, Shell investors will vote on a resolution asking the company to set clear goals for meeting climate change targets.

Recommendations by the Institutional Shareholders Services (ISS) once again focus heavily on the pay of top executives at the energy giant, with ISS raising concerns over the 80% rate of bonus delivered to the CEO of Shell despite only reaching 70% on sustainable development targets.

Similarly, investors advisory firm Pensions and Investment Research Consultants (PIRC) continued to caution shareholders against sanctioning BP chief executive Bob Dudley’s remuneration package, which it called “excessive” in 2017 as it soared by more than £1 million to £9.5m. read more

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Total, Shell in gas development deal with Oman

Two oil majors have struck a deal with Oman over the development of natural gas resources in the Middle Eastern state.

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Total and Shell, as operator, will develop several natural gas discoveries located in the Greater Barik area on onshore Block 6 with respective shares of 25% and 75%.

They aim to produce of around 500million cubic feet of gas per day, rising to 1billion at a later stage.

Total will use its share to develop a regional hub for supplying LNG as a fuel to marine vessels.

Arnaud Breuillac, president, exploration and production at Total, said: “We are pleased to sign this MoU with the Sultanate of Oman that will give us access to new gas resources and the opportunity to develop an integrated gas project. read more

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Shell’s Appomattox sails into Gulf of Mexico

Appomattox set sail from Ingleside, Texas, USA, to its final location in the Gulf of Mexico read more

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‘We need to change, and that is what Shell is going to do’, says UK chair

Sinead Lynch, UK country chair for Shell, said yesterday that the oil giant knows that it “needs to change” in the coming energy transition, and “that is what Shell is going to do”.

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As part of a panel at the All-Energy conference in Glasgow, Ms Lynch said that Shell was part of a movement within the industry which was recognising the energy transition and that Shell was “beginning that change”.

She said: “Shell has a deep history and deep roots across Scotland, in our upstream business where we have been investing in and producing from the North Sea for 50 years. But also in our downstream business where we have been producing a number of downstream products to our customers here for almost a 100 years, and that’s a range of products that’s beginning to change. read more

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Shell to transition from oil when it ‘makes commercial sense’

Oil giant Shell said today that it will continue to “sell the oil and gas that society needs” but is also positioning itself to transition further into low-carbon energy when it “makes commercial sense”.

Shell’s Energy Transition Report outlines the firm’s continued commitment to oil exploration while setting out its strategy for the future changes in the energy sector.

The oil company said that it estimates that 80% of its current proven oil reserves “will be produced” by 2030, and only expects to see 20% production after that time.

In today’s report, Shell said outlined that it will look to invest up to £3.5billion in conventional oil and gas and the same amount again in oil products, while also investing up to £1.4billion in new renewable energies. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, shellnews.net and cybergriping.com are all owned by John Donovan

Shell pays out £41billion to governments globally in 2017

The firm also drew attention to a number of safety incidents in 2017 which it is working to address and provide support to victims for, including oil spills and theft in Nigeria, earthquakes in Groningen and a road tanker disaster in Pakistan.

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The company has published the findings in a report to accommodate UK regulations requiring transparency on government payments.

It includes payments in 29 countries where Shell operates and does not include details related to refining, natural gas liquefaction, or gas-to-liquids activities which are not in the scope of UK regulations.

Shell made the largest contribution to Nigeria, paying over £3billion last year, while the smallest sum went to Bulgaria at £109million.

The funds for Nigeria include the government’s production entitlement, covering more than £2.1billion. read more

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Consortium including Shell given £8.8million grant to improve use of hydrogen vehicles

A consortium including energy giant Shell has won a multi-million pound government grant to improve use of hydrogen vehicles in the UK.

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The Department for Transport has awarded £8.8million in funding, with £4.3million going to clean energy firm ITM Power.

It will use the funds to create four new hydrogen refuelling stations in the UK, and upgrade five existing ones to help support a larger fleet of hydrogen fuel cell electric vehicles.

ITM Power is joined by Shell, Toyota, Honda and Hyundai in the consortium.

The government funding will be also be used to create nearly 200 clean energy vehicles which will be used by taxi drivers and the police. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, shellnews.net and cybergriping.com are all owned by John Donovan

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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Groningen production restrictions to prove costly for Dutch government, says WoodMac

Planned production cuts to the Europe’s largest gas field is to cost the Dutch state-run Enrgie Beheer Nederlands $5billion over the life of the field as well as cause the continent to look elsewhere for supply, according to analysts Wood Mackenzie. Groningen has been a major global asset for operators Shell, ExxonMobil and Energie Beheer Nederlands.

There have been a series of powerful earthquakes in recent years around the Groningen field brought on by gas mining, with a tremor last month registering 3.4 magnitude – the most powerful to hit since 2012.

Yesterday the Staatstoezicht op de Mijnen (SoDM) mining association recommending the Ministry of Economic Affairs imposes an output cap of 12 billion cubic metres (bcm)  annually over the next four years in the interests of safety.

The limit represents an annual cut of nearly half from the last cap of 21.6 bcm, and a drop of around 70% since the first cap was imposed in 2014. read more

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Shell can still grow in ‘rejuvenated’ North Sea, CEO says

Shell’s boss said yesterday that the North Sea is showing signs of “rejuvenation” and can provide the oil major with more room to grow.

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Doubts about Shell’s commitment to the UK were raised last year when it agreed to sell a package of assets to Chrysaor.

But last month the Anglo-Dutch energy giant announced its decision to invest in redeveloping the Penguins area, 150miles north-east of Shetland.

The project will involve the construction of Shell’s first new manned installation in the northern North Sea in almost 30 years.

Chief executive Ben van Beurden said yesterday that the Penguins decision was “important” for Shell. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, shellnews.net and cybergriping.com are all owned by John Donovan

Shell shielded from Forties fallout by ‘internationalisation’, North Sea sales

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Shell is performing “extremely well” at a time when Brent crude is at its highest price for three years, the oil giant’s upcoming fourth quarter results will show.

The Anglo-Dutch major is in its strongest position for many years in terms of its cash generation thanks to its upstream and LNG businesses, analysts said.

RBC Capital Markets anticipates Shell’s fourth-quarter adjusted net income will more than double year-on-year. The company recorded adjusted earnings of £1.3billion in Q4 2016.

Analysts said Shell, whose shares are up about 10% over the last 12 months, had been boosted by the sale of assets and disciplined spending.

The company implemented a £21billion-plus divestment plan following its £47billion mega-merger with BG Group, which was completed in 2016.

As part of that programme, Shell sold about £3billion worth of North Sea assets to Chrysaor in 2017.

RBC analysts said the company would have cashed in £1.1billion in the fourth quarter from the proceeds of UK North Sea sales alone. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, shellnews.net and cybergriping.com are all owned by John Donovan

Shell reprimanded over Brent Bravo leak

The UK’s workplace safety watchdog has reprimanded Shell following a gas leak on the Brent Bravo platform in November.

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The Health and Safety Executive (HSE) said Shell has failed to “prevent the uncontrolled release of flammable or explosive substances”.

Its inspector accused the oil major of failing to ensure valves on the rig were kept in “efficient working order and in good repair”.

Shell has been given until March 8 to comply with the improvement notice.

A spokesman for Shell UK said: “Shell UK can confirm that we were issued with an HSE improvement notice on 8th December 2017 in relation to a small hydrocarbon release on our Brent Bravo platform in the North Sea. read more

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Shell delivers ‘significant boost’ with Penguins call, Scottish Government says

Shell’s redevelopment of a North Sea field will deliver a “significant boost” to north-east communities, the Scottish Government said.

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Energy Minister Paul Wheelhouse said the investment was “further evidence of rising confidence” in the region.

The oil giant said today it had taken a final investment decision on the Penguins area, north-east of Shetland.

The project will involve the construction of Shell’s first new manned installation in the northern North Sea in almost 30 years.

Mr Wheelhouse said: “We have always maintained there are significant opportunities remaining in the North Sea, even in the context of a low carbon transition, and that a strong and vibrant domestic offshore oil and gas industry will play an essential role in the future energy system we set out in our recently published Energy Strategy. read more

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Shell hit with HSE improvement notice at St Fergus

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Energy giant Shell has been ordered to improve its safety procedures at the St Fergus plant near Peterhead.

The UK Health and Safety Executive (HSE) said the company had failed to made “adequate arrangements” to ensure that “emergency shutdown and emergency depressurisation valve actuators” were maintained in an “efficient state and effective working order”.

HSE initially gave Shell until December 21 to comply with the improvement notice, but the deadline has now been extended to February 28.

A spokeswoman for Shell said: “We can confirm that we have been issued with an improvement notice on 23rd November 2017 in relation to the maintenance of emergency shutdown valves at our St Fergus plant in North East Scotland. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, shellnews.net and cybergriping.com are all owned by John Donovan

Shell shuts down Shearwater, Nelson platforms amid Forties closure

Oil major Shell said today that it had suspended production on two of its North Sea platforms due to the Forties pipeline shutdown.

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Owner Ineos has said it will take “weeks rather than days” to fix the leak, which was detected during a routine inspection at Netherley last week.

The 235-mile pipeline system links more than 80 North Sea field to the UK mainland and the Ineos site in Grangemouth. It delivers almost 40% of the UK’s North Sea oil and gas production.

Ineos completed a deal to buy the system from BP for up to £190million ($250million) at the end of October. read more

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Shell hopes to make investment decision on Penguins ‘shortly’

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Steve Phimister, upstream vice president for the UK and Ireland at Shell, said the company had delivered on its plans for the current year and paid tribute to staff members.

Highlights from the year included the sale of a package of North Sea assets to Chrysaor and the arrival of the Brent Delta platform in Hartlepool for scrapping.

Shell hopes to make a final investment decision (FID) on redeveloping the Penguins area “shortly”.

Mr Phimister said Penguins was on track to be the “first cab out of the rank” next year. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, shellnews.net and cybergriping.com are all owned by John Donovan

Shell, Deloitte say North Sea needs to ‘kick on’ with collaboration quest

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Nick Clark, Deloitte director, consulting, said the sector had been forced to adopt collaboration having gone through “a year of wait and see”.

Mr Clark was speaking at Oil and Gas UK’s breakfast briefing event at the Aberdeen Exhibition and Conference Centre.

Oil and Gas UK (OGUK) and Deloitte used the event to launch their 2017 UKCS Upstream Supply Chain Collaboration Survey.

A total of 95% of operators and suppliers said collaboration was an integral part of their day-to-day business, up from 86% in 2016. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, shellnews.net and cybergriping.com are all owned by John Donovan

Shell Midstream buying pipelines, terminals for $825m

Houston’s Shell Midstream Partners is going on a buying spree, acquiring $825 million worth of pipelines and terminals from its Royal Dutch Shell parent.

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The deals designed to beef up the three-year-old Shell Midstream business give the Houston pipelines firm more ownership in Gulf Coast and Gulf of Mexico pipelines, as well as a slew of terminals from the Houston area to Washington state.

The drop-down acquisitions from the parent Shell and other Shell subsidiaries give Shell Midstream majority ownership of the Mars and Odyssey oil pipelines in the Gulf of Mexico. Shell Midstream already owned 49 percent stakes in the pipelines and the deal ups those stakes to at least 71 percent. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, shellnews.net and cybergriping.com are all owned by John Donovan

Shell coffee collaboration brewing on biofuel to help power London buses

Oil giant Shell has announced that it is working in collaboration with bio-bean and the coffee drinkers of London to power some of the city’s buses.

The B20 biofuel is partly made from waste coffee grounds and has been added to the London bus fuel supply chain without any great need for vehicle modification.

The fuel provides a cleaner, sustainable energy solution which will lower bus emissions in the UK capitol.

The average Londoner drinks 2.3 cups of coffee a day, producing over 200,000cubic tonnes of waste a year, much of which would otherwise end in landfill with the potential to emit 126million kg of CO24.

Arthur Kay, bio-bean’s founder, said: “Our Coffee Logs have already become the fuel of choice for households looking for a high-performance, sustainable way to heat their homes – and now, with the support of Shell, bio-bean and Argent Energy have created thousands of litres of coffee-derived B20 biodiesel which will help power London buses for the first time. It’s a great example of what can be done when we start to reimagine waste as an untapped resource.” read more

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Shell standing down emergency response over Gulf fire

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Shell has stood down its emergency response activities over a fire on its Enchilada platform in the Gulf of Mexico.

On Saturday an assessment team confirmed the isolation of the platform from the 30-inch gas export pipeline which was thought to be at the centre of the blaze which broke out last week.

The team also found no presence of ‘uncontained’ hydrocarbons.

The supermajor is in the process of developing a plan for repairing the damaged portions of the asset and re-deploying personnel. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, shellnews.net and cybergriping.com are all owned by John Donovan

‘No timeline’ for resuming operations of Shell’s stricken Enchilada rig

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Shell has no timeline for restarting normal operations on a platform which was shut down in the US Gulf of Mexico due to a fire, a news report said.

“Though the structure is visibly sound, crews will continue to determine the integrity of the platform and formulate a plan for damage repair,” the oil major told Reuters.

Shell added there was no oil in the water as a result of the incident.

The fire on the Enchilada facility involved a 30-inch gas export pipeline.

All 46 personnel working at the Enchilada facility were safely evacuated. Two Shell employees were injured. Both have been treated and released from the hospital. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, shellnews.net and cybergriping.com are all owned by John Donovan

Q3 round-up: BP ready to ‘flex’, Shell a good bet to reach divestment target

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Oil majors BP and Shell are closing in on realising key objectives for production and fundraising, an analyst has said.

Speaking after the dust settled on the latest round of quarterly results updates, Iain Armstrong of Brewin Dolphin said Shell should have no problem reaching its divestment target of £23billion for 2016-18.

Shell chief financial officer Jessica Uhl said £15billion worth of asset sales could be chalked up to the divestment programme, which was put in place to help balance the books following the merger with BG Group. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, shellnews.net and cybergriping.com are all owned by John Donovan

New North Sea field investment opportunities ‘on the horizon’, Shell boss says

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Opportunities for new North Sea field investment are “beginning to appear on the horizon”, according to Shell UK’s commercial manager Ben Taylor.

The upstream commercial lead for the supermajor’s North Sea operations admitted that there are still many “challenges” facing the industry.

He cited the balancing act of juggling decommissioning older assets with maximising the remaining North Sea reserves as one such test for the sector.

But he said there should be optimism that a change of perception from within industry culture should lead to signs of renewed activity.

Speaking at a business breakfast in Aberdeen, Mr Taylor said: “When you talk across industry there’s an opportunity now for new field investment beginning to appear on the horizon. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, shellnews.net and cybergriping.com are all owned by John Donovan

Shell partially downmans Brent Bravo due to weather

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Oil major Shell has taken 60 people off the Brent Bravo platform in the North Sea.

The firm said that “poor weather” was impacting delivery of diesel.

This resulted in a partial downmanning as a “precautionary measure”, the operator said.

A spokesperson for Shell UK said: “Shell UK can confirm that 60 personnel from the Brent Bravo platform have returned to shore as a precautionary measure.

“Poor weather has impacted the delivery of diesel and we are working to reinstate supplies as soon as possible, weather permitting.” read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, shellnews.net and cybergriping.com are all owned by John Donovan

BP, Shell, Statoil join commodity trading digital venture

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The venture, which also includes commodity traders and banks, will be managed and operated as an independent entity.

The venture partners are BP, Shell and Statoil, trading houses Gunvor, Koch Supply & Trading, and Mercuria, and banks ABN Amro, ING and Societe Generale.

They intend to create a secure, platform to manage physical energy transactions from trade entry to final settlement. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, shellnews.net and cybergriping.com are all owned by John Donovan

Shell completes onshore sell-off

Shell today completed its sale of Gabon onshore interests for $628million.

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The deal is the latest in a string of divestments as the oil major zeroes in on its target of $30billion worth of divestments.

The deal with Assala Energy will see the new owner assume debt of $285million.

The transaction will result in a total post-tax impairment for Shell of $151million. Of this impairment, $53million was taken in Q1 2017, $98million will be taken in Q3 2017 with a final reconciliation to be reflected in Q4 2017.

The terms also dictate Assala Energy will make additional payments up to a maximum of $150million depending on production performance and commodity prices. A total of 430 employees have transferred to Assala-Energy. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, shellnews.net and cybergriping.com are all owned by John Donovan

Shell completes North Sea sale, creates new basin heavyweight

Shell this morning finalised its $3.8billion North Sea deal with Harbour Energy-backed Chrysaor Holdings.

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The package of assets consists of Shell’s interests in Buzzard, Beryl, Bressay, Elgin-Franklin, J-Area, the Greater Armada cluster, Everest, Lomond and Erskine, plus a 10% stake in Schiehallion

The deal includes an initial consideration of $3billion and a payment of up to $600m between 2018-2021 subject to commodity price, with potential further payments of up to $180m for future discoveries.

The transaction was backed by private equity fund EIG Global Energy Partners, through its Harbour Energy joint venture with Asian commodity group Noble. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, shellnews.net and cybergriping.com are all owned by John Donovan

Clock ticking down on deadline for Shell Springboard entries

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Entrants will be competing for a green cash pot containing £350,000, with the national winner to receive £150,000.

A further five regional winners will each get £40,000 of no-strings attached funding.

They will also be given access to academics and investors whose advice can help grow their enterprises.

The cut-off date for applications falls on November 6.

Former winners include Edinburgh-based tidal energy technology developer Nova Innovation. read more

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Shell submits new plans for Fram field development

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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

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Shell to offload Norwegian pipeline and part of gas plant

The oil major has entered into an agreement to sell its 9% share of the Polarled gas pipeline which connects Statoil’s Aasta Hansteen field in the Norwegian North Sea with the Nyhamna gas processing plant.

Shell plans to sell the stake to CapeOmega AS, which is owned by European acquisition fund HitecVision.

The deal also includes £% of the 15.03% stake in the Nyhamna gas plant, one of the largest of its kind on the Norwegian continental shelf.

The transaction is expected to be completed by 2017, subject to approval by the Ministry of Petroleum and Energy and the Ministry of Finance. read more

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Shell switches on to ‘rapid recharge’ for electric vehicles

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Shell has announced the opening of Shell Recharge – the new on-forecourt Electric Vehicle (EV) rapid charging service.

Shell Recharge is now available at Shell Holloway (London), Shell Whyteleafe (Surrey) and Shell Derby, and will be launched at a further seven locations within Greater London and Reading by the end of the year.

Jane Lindsay-Green, Shell UK Future Fuels Manager, said: “Shell Recharge provides Electric Vehicle drivers with a convenient way to charge their cars on-the-go. read more

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Shell served improvement notice over gas leak blunder

Offshore workers were exposed to the risk of fire and explosion after blunder led to a gas leak on a southern North Sea installation.

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The uncontrolled release took place on the Barque PB, a normally unmanned platform, on July 19.

Around 138kg of flammable hydrocarbon gas was released from pipework connected to the vessel V2000, according to the Health and Safety Executive.

A subsequent probe found that flammable gas had been used to leak test the pipework instead of inert nitrogen gas – which was available.

Failings were found in the arrangements for the effective planning, organising and control for the reinstatement of the pipework. read more

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Shell cancels Thai sale, hits $25bn in divestments

Shell today confirmed a U-turn on the planned sale of its Shell Integrated Gas Thailand Pte. Limited (SIGT).

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It comes as the firm revealed it had hit $25billion worth of investments. The oil major is targeting $30billion worth of investments by the end of 2018.

A spokesperson said: “Royal Dutch Shell announces today that its subsidiary, BG Asia Pacific Holdings Pte Limited, and KUFPEC Thailand Holdings Pte Limited, a subsidiary of Kuwait Foreign Petroleum Exploration Company (KUFPEC), have mutually agreed to cancel the Sale & Purchase Agreement for the share sale of Shell Integrated Gas Thailand Pte. Limited (SIGT) and Thai Energy Co Limited (TEC). read more

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Shell’s Ben van Beurden: Oil vs Uber in the battle of reputations

In a throwaway comment, Ben van Beurden found himself front and centre on the national media’s radar. “It wasn’t a planned remark, it just came out,” he said.

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But it wasn’t oil price, or strategy that landed him prime time interviews.

Instead, it was the comment that his next car would be electric.

“It wasn’t a planned remark, it just came out,” he said.

“But it shows how charismatic renewables and electricity is at the moment, much more charismatic than gas and definitely much more charismatic than oil.”

A perception that oil and gas have a shrinking role to play is one the industry needs to address head-on. read more

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Oil majors among top contributors to greenhouse emissions, report says

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More than half of global industrial emissions can be traced back to just 25 corporate and state producing entities, the report says.

China, India and Russia’s coal industries and major oil and gas players like Saudi Aramco, Gazprom, ExxonMobil, BP and Shell are among those named in the paper from CDP, formerly the Carbon Disclosure Project.

The research found that 100 active fossil fuel producers were linked to 71% of global industrial greenhouse gases since 1988. read more

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Shell’s Steve Phimister appointed to Oil & Gas UK Board

by – 26/04/2017 3:42 pm

Steve Phimister, who also oversaw the £3billion sale of assets to Chrysaor earlier this year, takes up the position as he enters his new role as vice president of Shell’s UK & Ireland upstream business unit.

Phimister will be taking the place of his Shell upstream predecessor Paul Goodfellow on Oil & Gas UK’s board of directors with immediate effect.

“The Maximising Economic Recovery Strategy and the steps we have taken as an industry to improve efficiency are bearing fruit

“I look forward to shaping the next steps with industry partners as we seek to become a globally competitive basin.” read more

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Shell hit with prohibition notice on Brent Charlie

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The Health and Safety Executive (HSE) said Shell had failed to put appropriate controls in place to protect workers from dangerous gases in one of the platform’s legs.

HSE said the company had identified the risks of exposure to hydrogen sulphide and hydrocarbon gas while accessing the column C1 leg.

But Shell did not adequately describe how control measures would be “organised, controlled, monitored or reviewed”, according to HSE.

The prohibition notice was served early in February. read more

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Union boss hits out over Shell boss’s bumper pay deal

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The huge increase was revealed in the Anglo-Dutch energy giant’s latest annual report, published yesterday.

Mr van Beurden, who took over as chief executive at the start of 2014, received a £9million-plus boost to his pension in his first year – taking total remuneration to £19.5million – followed by a pay package worth about £4million in 2015.

The big payouts coincide with a severe downturn in the oil and gas industry. Shell has already shed more than 1,000 jobs in its North Sea operations alone. read more

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BP slashes CEO Bob Dudley’s pay packet by 40%

Written by Alan Shields – 06/04/2017 11:55 am

The 40% reduction, revealed today in the supermajor’s 2016 annual report, comes after a number of cost-cutting changes, including a 25 per cent reduction in bonuses handed out for hitting targets.

Dudley’s maximum payout under the firm’s long-term incentive plan is to drop from a seven times to five times his basic annual salary of $1.9million.

Last year, around 59% of shareholders opposed Dudley’s $19.4 million pay and benefits package, including his pension. read more

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