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Shell pulls out of U.S. Lake Charles LNG project, Energy Transfer delays FID

UPDATE 2-Shell pulls out of U.S. Lake Charles LNG project, Energy Transfer delays FID

Ron Bousso, Shradha Singh: MARCH 30, 2020 

* Energy Transfer delays FID from late 2020 to early 2021

* Shell relinquishes 50% stake amid spending cuts

* Decision comes after collapse in oil prices 

By Ron Bousso and Shradha Singh

March 30 (Reuters) – Royal Dutch Shell Plc pulled out of a major liquefied natural gas (LNG) export plant under development in Louisiana following the recent crash in oil and natural gas prices that has forced the company to make deep spending cuts.

Energy Transfer LP, which was developing the project with Shell, said it remains focused on the commercial development of Lake Charles and is working toward making an early 2021 final investment decision (FID) to build the plant. read more

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Shell to suspend construction of Pennsylvania chemical facility

MARCH 18, 2020 / 8:41 PM

NEW YORK (Reuters) – Royal Dutch Shell Plc RDSA.L will temporarily suspend construction activities on a multi-billion dollar ethane cracker being constructed along the Ohio River in Beaver County, Pennsylvania, amid concerns about coronavirus spreading, the company said in a statement late Wednesday.

Some local officials have called for construction to be stopped to limit the potential spread of the novel coronavirus, due to the large number of workers on the project. read more

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Big Oil Is Literally Burning Cash In The Permian

By Alex Kimani – Mar 15, 2020, 10:00 AM CDT

Global oil giants are facing ever-increasing public pressure and higher levels of scrutiny over their responsibility to curb harmful greenhouse emissions. Yet, in the sprawling oilfields of Texas, New Mexico and North Dakota, an industry-old practice of burning off unwanted natural gas has refused to die.

The burning off (flaring), as well as the intentional release (venting) of natural gas, is proving to be a black eye that Permian producers just can’t get rid of. read more

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Shell eyes tankers for oil floating storage after price collapse

Jonathan Saul, Ron Bousso: MARCH 11, 2020 LONDON (Reuters) – Royal Dutch Shell is in talks to charter at least three supertankers to store crude oil at sea as traders brace for a sharp rise in global stocks after OPEC and its allies abandoned a production cut deal, shipping sources said on Wednesday.

Shell has provisionally booked three 2 million barrel vessels, known as very large crude carriers (VLCCs), for storage options for at least three months, the sources said.

A Shell spokeswoman declined to comment.

Once the charters were fully negotiated, or fixed, they would be the first tankers to be used for floating storage after the recent fall in oil prices. [O/R]

The shipping sources said at least one of the vessels had an option to store oil in the United States.

Oil prices and the broader crude market pricing structure collapsed in recent days after OPEC and other major producing nations ended an output cut deal. read more

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Somalia agrees offshore oil exploration roadmap with Shell/Exxon: minister

MARCH 2, 2020 / 5:02 PM

CAPE TOWN (Reuters) – Somalia has agreed an initial roadmap with a Shell/Exxon joint venture to explore and develop potential offshore oil and gas reserves, the Ministry of Petroleum and Mineral Resources said on Monday.

“I am delighted we have agreed an initial roadmap with the Shell/Exxon joint venture. This gives us confidence in (the)ability to further explore any offshore hydrocarbon potential,” minister Abdirashid Mohamed Ahmed said in a statement. read more

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UPDATE 2-Asia to absorb LNG supply growth from mid-2020 -Shell

Ekaterina Kravtsova, Nina Chestney: FEBRUARY 20, 2020

* LNG supply soared over past year, excess cargoes sent to Europe

* Shell sees supply growth easing from mid-2020

* Expects impact of coronavirus on Chinese demand to be temporary

* (Updates throughout with outlook for 2020, quotes from webcast)

By Ekaterina Kravtsova and Nina Chestney

LONDON, Feb 20 (Reuters) – Asia will be able to absorb most of the growth in liquefied natural gas (LNG) supply from the second half of 2020, with Europe ceasing to be a balancing market, Royal Dutch Shell said on Thursday.

Excess cargoes have been sent to Europe in the past year as global LNG supply has been soaring, in particular from projects in the United States and Australia. read more

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Canada’s Trudeau stresses the need for peaceful end to pipeline protests

COMMODITIES FEBRUARY 17, 2020 / 11:14 PM

TORONTO (Reuters) – Canadian Prime Minister Justin Trudeau on Monday called for a peaceful solution to end rail blockades by indigenous rights groups protesting the construction of a natural gas pipeline.

Indigenous communities across Canada have blocked key rail lines for nearly two weeks to oppose construction of the Coastal GasLink pipeline in British Columbia, which has forced Canada’s biggest railroad, Canadian National Railway Co, to shut operations in eastern Canada.

Trudeau, who called off a planned Barbados trip to resolve the escalating pipeline protests, told his top cabinet ministers that this “urgent situation needs to be approached in a way that builds trust and respect toward an immediate resolution with all parties.” read more

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Explainer: Why are indigenous groups protesting a Canada gas pipeline?

FEBRUARY 12, 2020

WINNIPEG, Manitoba (Reuters) – Protests broke out in many parts of Canada over the past week, triggered by arrests of dozens of protesters on traditional indigenous land along a route for TC Energy Corp’s (TRP.TO) planned Coastal GasLink pipeline.

The demonstrations have disrupted freight and passenger rail and Canadian Prime Minister Justin Trudeau on Wednesday urged protesters to find a quick solution.

WHAT ARE THE PROTESTS ABOUT?

The flashpoint was police arrests that started last week in northern British Columbia of protesters who oppose the pipeline’s construction on traditional land of the Wet’suwet’en indigenous people. read more

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Shell plans major Pernis oil refinery turnaround from early May

FEBRUARY 6, 2020

LONDON (Reuters) – Royal Dutch Shell said on Thursday it is planning a major maintenance turnaround at its Pernis oil refinery in the Netherlands starting on May 4.

A video posted on the company’s Dutch website said the major maintenance will take place in May and June and involve cleaning towers and heat exchangers as well as replacing others.

The major maintenance means Shell will not have to do another maintenance of the same scale for another 3 to 6 years at the refinery, which is Europe’s largest with a capacity to process 404,000 barrels per day of crude. read more

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Oil and gas giant Shell restricts travel to Hubei Province on virus

NEWS: FEBRUARY 5, 2020 / 4:57 PM /

NEW YORK, Feb 5 (Reuters) – Royal Dutch Shell has banned business travel to and from China’s Hubei province due to the coronavirus, the company said in a statement.

Shell has restricted non-essential business travel to mainland China, Hong Kong, Macau and Taiwan.

(Reporting By Jessica Resnick-Ault)

SOURCE

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Shell boosts crude output in top U.S. shale field to 250,000 bpd

FEBRUARY 5, 2020

(Reuters) – Royal Dutch Shell, which plans billions of dollars in spending on shale drilling projects, boosted output in the top U.S. shale field to 250,000 barrels per day in December, the company’s Permian Basin head said on Wednesday.

Shell plans to spend about $3 billion per year for the next five years on shale projects, said Amir Gerges, vice president of Permian assets for Shell, at the Argus Americas Crude Summit in Houston. Its Permian Basin production rose more than 100,000 barrels per day in the last year. 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.

Oil and gas giant Shell restricts travel to Hubei Province on virus

NEW YORK, Feb 5 (Reuters) – Royal Dutch Shell has banned business travel to and from China’s Hubei province due to the coronavirus, the company said in a statement.

Shell has restricted non-essential business travel to mainland China, Hong Kong, Macau and Taiwan.

(Reporting By Jessica Resnick-Ault)

SOURCE

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Shell-Gazprom Neft JV gets West Siberia license

JANUARY 17, 2020

MOSCOW (Reuters) – Shell and Russia’s Gazprom Neft have expanded their Russian joint venture by acquiring a license for exploration and production of conventional hydrocarbon reserves in West Siberia, the two companies said on Friday.

The JV, Salym Petroleum Development (SPD), will get the Salymsky 2 block in the Khanty Mansiisk Autonomous Region.

There are no field-specific infrastructure facilities at the site, the companies said.

“However, close proximity to the areas which are being developed by SPD will have a synergistic effect, allowing efficient use of the existing SPD production facilities,” they said. read more

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Royal Dutch Shell signs MoU with China’s CNOOC to build polycarbonate plant

BEIJING/GUANGZHOU, Jan 16 (Reuters) – Royal Dutch Shell signed a memorandum of understanding (MoU) with China National Offshore Oil Corp (CNOOC) to build its first commercial-scale polycarbonate production plant in southern city of Huizhou in China.

Polycarbonate is a transparent and impact-resistant polymer, widely used to make vehicle headlights and LED spotlights.

“(Huizhou city government) is in touch with Shell and CNOOC for detailed investment and production plans,” said Liu Ji, mayor of Huizhou, on the sideline of a conference in Guangzhou on Thursday. read more

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U.S. refinery sales hit the brakes, with 5% of capacity on block

Jessica Resnick-Ault, Laura Sanicola: 10 JANUARY 2020 NEW YORK (Reuters) – From coast to coast, U.S. refineries are available for the taking, but nobody is buying.

With the news that Royal Dutch Shell Plc is looking to unload its Anacortes, Washington, facility, there are seven different U.S. refineries on the block now, accounting for about 5% of U.S. crude oil processing capacity, according to data compiled by Reuters.

Even with U.S. energy production at an all-time record, these properties, located from Washington state to Pennsylvania, are having trouble finding bidders because of unfavorable locales, worries about falling margins, and the coming restart of nearby facilities in the Caribbean that will add to competition, bankers and analysts said. 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.

Work resumes on Canada’s Coastal GasLink pipeline over indigenous opposition

Rod Nickel: JAN 7, 2020

Jan 7 (Reuters) – Construction of the C$6.6-billion Coastal GasLink pipeline in western Canada resumed on Tuesday, after an indigenous group that opposes the project had ordered its workers off their territory.

Coastal GasLink, to be operated by TC Energy Corp, will move gas from northeast British Columbia to the Pacific Coast, where the Royal Dutch Shell-led LNG Canada export facility is under construction.

While less contentious than oil pipelines, Coastal GasLink faces opposition from some leaders of the Wet’suwet’en people, who say the project interferes with their hunting and trapping rights. 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.

Egypt awards oil and gas exploration concessions in Red Sea – statement

December 29, 2019

CAIRO (Reuters) – Egypt said on Sunday that it awarded oil and gas exploration concessions in the Red Sea to Chevron (CVX.N), Royal Dutch Shell (RDSa.L) and Mubadala MUDEV.UL in an international tender.

Chevron was awarded the first block, Shell a second block, and a third block was awarded jointly to Shell and Mubadala with a total exploration area of around 10,000 square km (3,860 square miles) and with a minimum investment of $326 million, the petroleum ministry said in a statement. read more

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Ecuador awards 20.2 million barrel oil supply contract to Shell unit

December 6, 2019

QUITO (Reuters) – Ecuador’s state-run oil company Petroecuador said on Friday it had awarded a unit of Royal Dutch Shell a contract to lift some 20.2 million barrels of Oriente-grade crude between 2020 and 2023.

Shell Western Supply and Trading beat out the other two bidders, Trafigura and Mitsubishi , by offering to pay a premium of 71 cents per barrel above the reference price for West Texas Intermediate crude.

Petroecuador expects the deal to bring in some $950 million. The Andean country produces some 545,000 barrels per day of crude. read more

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Alphabet’s ‘Other bets’ in focus as Google’s Pichai takes helm

DECEMBER 4, 2019

Extracts

(Reuters) – Google Chief Executive Officer Sundar Pichai will replace Larry Page as CEO of parent Alphabet Inc (GOOGL.O), heralding a new chapter for the company that helped reshape the global tech industry under its co-founders Page and Sergey Brin.

To grow beyond its main search and advertising business, Google restructured in 2015 and established Alphabet as a holding company overseeing various “other bets”, ranging from its autonomous vehicle unit to helium balloons that provide solar-powered internet services in remote areas. read more

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UPDATE 1: Kazakh oilfield Kashagan halves output due to unplanned maintenance – sources

UPDATE 1: Kazakh oilfield Kashagan halves output due to unplanned maintenance – sources

Tue, 26th Nov 2019 14:50

MOSCOW, Nov 26 (Reuters) – Oil and gas condensate output from Kazakhstan’s giant Kashagan project has more than halved from early November levels due to unplanned maintenance that started last week, two industry sources told Reuters on Tuesday.

Production at the facility stood at 184,000 barrels per day (bpd) as of Nov. 25, the sources said, down from 400,000 bpd at the start of the month.

The Kazakh energy ministry said last week that Kashagan was undergoing maintenance at a gas compressor unit, which was expected to last for seven days. read more

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Shell says oil spill contained at Puget Sound, Washington, refinery dock

NOVEMBER 18, 2019

(Reuters) – A crude oil spill onto a barge docked at Royal Dutch Shell’s oil refinery at Puget Sound, Washington, late on Friday was contained on Saturday, the company said in a statement.

Twenty gallons of oil leaked onto the barge, out of which 5 gallons reached the waters of Fidalgo Bay, Shell said in another statement on Sunday. Clean-up operations were completed and all recoverable product was removed from the water, the company said.

The source of the crude spill was identified as a pressure relief valve on the barge and the source was secured, the company said earlier. read more

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Reuters: Shell Says Gas Leak on Unit at Pernis Oil Refinery Under Control

LONDON — Royal Dutch Shell said there was a gas leak on Friday on a unit at its 404,000 barrel per day Pernis oil refinery in the Netherlands.

The leak has been stopped and the situation at the refinery is under control, a spokesman said.

Shell did not specify the unit involved.

The company separately reported on Nov 6 that while taking one of the units at Pernis offline for scheduled maintenance flaring occurred.

Shell did not specify which unit that was.

(Reporting by Ahmad Ghaddar; editing by Jason Neely) read more

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Shell appoints new head of downstream business

Shell appoints new head of downstream business

By Ron Bousso: Reuters: November 1, 2019

* Downstream business seen as key to Shell’s energy transition

* Vigeveno previously led Shell’s global commercial business 

By Ron Bousso

LONDON, Nov 1 (Reuters) – Royal Dutch Shell has appointed Huibert Vigeveno to head its downstream businesss, the refining, trading and marketing operations that are to become a key pillar for the oil and gas company as it transitions to cleaner energy.

Vigeveno, 50, previously led Shell’s global commercial business and rose to prominence when he oversaw the integration of smaller rival BG Group after its $53 billion acquisition in 2016. read more

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Shell reports disruption at Singapore refinery-petrochemical complex last week

TUE, OCT 29, 2019 – 1:15 PM

[SINGAPORE] Royal Dutch Shell said on Tuesday that its refinery-petrochemical complex on Bukom Island in Singapore encountered “an unplanned operational disruption” last week

“We can confirm there was flaring at the Pulau Bukom Manufacturing Site on October 24,” a company spokeswoman said in an e-mail. Flaring is a major safety device used to keep the plant safe during unplanned operational disruptions, she added.

Shell declined to say which unit was affected. Bukom is the largest wholly owned Shell refinery globally in terms of crude distillation capacity at 500,000 barrels per day, according to the company’s website. read more

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Shell Egypt to sell assets in Western Desert

OCTOBER 20, 2019 / 11:55 AM

Shell Egypt to sell assets in Western Desert

CAIRO, Oct 20 (Reuters) – Royal Dutch Shell plans to sell its onshore upstream assets in Egypt’s Western Desert to focus on expanding its Egyptian offshore gas exploration, Shell Egypt said on Sunday.

Having won three oil and two gas concessions in Egypt last February, senior executive last week told Reuters that the company would start operating the new areas in the second half of next year.

“We remain committed to Egypt and see our future in supporting the government’s energy hub vision by growing Shell positions across the offshore and LNG value chain,” Wael Sawan, Shell upstream director, said in a statement. read more

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Shell aims to operate Egypt concessions in second half, 2020

Ehab Farouk: OCTOBER 17, 2019

ALEXANDRIA, Egypt (Reuters) – Royal Dutch Shell is aiming to start operating in its concession areas in Egypt in the second half of 2020, a senior executive said.

Shell won three oil and two gas concessions in Egypt in February.

Eni, BP and Exxon Mobil also won some of a total of 12 tenders as Egypt looks to sustain an investment upswing spurred by major discoveries.

Shell has also applied to take part in a bidding round in Egypt for oil and gas drilling in the Red Sea, Gerald Schotman, executive vice president upstream JVs at Shell, told Reuters. read more

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Greenpeace activists climb Shell North Sea platform saying ‘clean up your mess’

Greenpeace activists climb Shell North Sea platform saying ‘clean up your mess’

By Ron Bousso: Reuters: October 14, 2019

By Ron Bousso

LONDON (Reuters) – Greenpeace activists boarded two Royal Dutch Shell oil platforms in the British North Sea on Monday in protest against plans to leave parts of the giant structures in place after production shuts down.

Pictures provided by Greenpeace show two people in yellow hats scaling one of two giant, rusty structures and unfurling a banner reading “Clean up your mess, Shell!”

Shell confirmed that protesters boarded the Brent Alpha platform and the Brent Bravo concrete legs. read more

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Shell still has appetite for Mideast investments, says CEO

Shell still has appetite for Mideast investments, says CEO

Royal Dutch Shell CEO Ben van Beurden

OCTOBER 9, 2019 / 10:30 AM

LONDON (Reuters) – Royal Dutch Shell (RDSa.L) has no intention to change its plans to invest in the Middle East, Chief Executive Ben van Beurden said on Wednesday

“We have absolutely no intention to change our attitude and appetite for investing in the Middle East. Far from it,” van Beurden told the Oil & Money conference.

Shell pulled out of the Majnoon oilfield in Iraq two years ago and earlier this year sold its stake in a refinery in Saudi Arabia. It is a major investor in Qatar and Oman. read more

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Shell approves upgrade Britain’s North Sea Pierce field to produce gas

Shell approves upgrade Britain’s North Sea Pierce field to produce gas

LONDON (Reuters) – Royal Dutch Shell <RDSa.L> and Ithaca Energy have given the go-ahead for upgrading the Pierce oilfield in the British North Sea so that it can produce natural gas, Shell said on Thursday.

The project involves modifying the existing floating production, support and offloading (FPSO) vessel and installing a sub-sea gas export line from the FPSO to the SEGAL pipeline.

It also involves drilling new wells in the field, which now produces oil and reinjects gas into the reservoir. read more

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Blow to London property market as £850m deal collapses

JUDITH EVANS: 27 Sept 2019

A deal to sell Southbank Place near Waterloo station, which also includes the London headquarters of Royal Dutch Shell, to the Singaporean group Bright Ruby was called off on Friday, according to two people briefed on the situation.

FULL FT ARTICLE

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Shell loads first LSFO cargo from Singapore refinery ahead of IMO

By Jessica Jaganathan: SEPT 19, 2019

SINGAPORE, Sept 19 (Reuters) – Royal Dutch Shell has loaded the first cargo of low-sulphur fuel oil (LSFO) from its Pulau Bukom refining site in Singapore, it said on Thursday.

Demand for stable low-sulphur marine fuel supplies is rising as the shipping sector prepares for the International Maritime Organization’s (IMO) lowering of the cap on sulphur in marine fuels to 0.5% from 3.5% beginning in January 2020.

This is the first time Shell has made LSFO from its own upstream crude, the company said in a statement. read more

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Qatar Petroleum and Shell in LNG marine fuel venture

Qatar Petroleum and Shell in LNG marine fuel venture

Reuters: 18 Sept 2019

DUBAI, Sept 18 (Reuters) – Qatar Petroleum and Shell agreed on Wednesday to establish a partnership to accelerate the development of liquified natural gas (LNG) fuelling infrastructure around the world.

“The joint venture between the two companies will invest in LNG marine fuelling, bunkering vessels and other infrastructure in key locations to meet the needs of marine customers and help to reduce emissions of the global shipping industry,” a Shell statement said. read more

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Investors turn heat on Big Oil ahead of U.N. climate summit

Simon Jessop, Matthew Green: SEPTEMBER 18, 2019 / 12:05 AM

LONDON (Reuters) – Investors managing $15 trillion in assets turned up the heat on oil and gas sector on Wednesday ahead of a United Nations summit in New York aimed at accelerating efforts to fight climate change.

Energy companies are on the front line of the global transition to a low-carbon economy, with investors potentially on the hook for hefty losses if the companies do not overhaul their business models in time.

In its most detailed analysis of the energy sector, the Transition Pathway Initiative (TPI) said 31 out of 109 energy firms were aligned with commitments governments have so far made under the 2015 Paris Agreement to curb greenhouse gas emissions. read more

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Oil and gas majors sign deal to implement blockchain in Bakken oilfield

Liz Hampton: SEPTEMBER 10, 2019

Sept 10 (Reuters) – A group of oil and gas companies has agreed to begin testing blockchain, a technology at the heart of digital currencies, in a bid to lower administrative costs in their field operations while also reducing payment disputes and chances for fraud.

The OOC Oil & Gas Blockchain Consortium, whose members include Chevron Corp, ConocoPhillips, Exxon Mobil Corp, Equinor and Royal Dutch Shell , among others, has awarded a contract to Data Gumbo to pilot the technology for water handling services in the Bakken shale field in North Dakota. 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.

Sinochem unit discussing blockchain platform with Shell, Macquarie -sources

Chen Aizhu: Sept 5, 2019

SINGAPORE, Sept 5 (Reuters) – Sinochem Energy Technology Co Ltd, a subsidiary of state oil and chemicals firm Sinochem Group, is in talks with Royal Dutch Shell and Macquarie Group to build an energy blockchain platform, three Beijing-based industry sources said.

Shell and Macquarie entered a memorandum of understanding in July to explore building a blockchain platform for crude oil, one of the Sinochem unit’s incubator projects with growth potential, said one of the sources who has direct knowledge of the matter. read more

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Shell delays U.S. Lake Charles LNG export project to 2025

Sept 4, 2019

LONDON, Sept 4 (Reuters) – Royal Dutch Shell, one of the world’s largest liquefied natural gas (LNG) suppliers, has asked U.S. regulators to extend the time by which it should complete an LNG export project in Louisiana by five years to 2025, regulatory filings showed.

The project, a 50-50 venture with U.S. midstream company Energy Transfer, envisaged converting an existing import and regasification facility in Lake Charles into a multi-train, 16.45 million tonnes per year (mtpa) facility. read more

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Shell debuts electric vehicle chargers in Singapore, first in Southeast Asia

Shell debuts electric vehicle chargers in Singapore, first in Southeast Asia

SINGAPORE (Reuters) – Royal Dutch Shell <RDSa.L> is launching electric vehicle chargers at petrol stations in Singapore, its first such foray in Southeast Asia, the company said on Monday.

The electric vehicle charging service, ‘Shell Recharge’, will be available at 10 Shell petrol stations in Singapore by October, this year or about 20% of its retail network in the city-state, the company said in a statement.

It added that the chargers typically provide from 0% to 80% charge in about 30 minutes, and are compatible with most electric vehicles in Singapore. read more

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Reuters: Shell’s Norco, Louisiana chem plant, refinery finishing overhauls: sources

AUGUST 12, 2019

HOUSTON (Reuters) – Royal Dutch Shell Plc is restarting the Gas Olefins Unit 1 (GO 1) at its Norco, Louisiana, chemical plant on Monday, sources familiar with plant operations said.

Shell plans to begin restarting the 25,000 barrels per day (bpd) coker in the adjoining 225,300 bpd Norco refinery this week, the sources said.

Reporting by Erwin Seba; Editing by Tom Brown

SOURCE

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Canada LNG project to ship gas to Asia as early as 2024

NEW YORK — A 40 billion Canadian dollar ($30 billion) project in British Columbia led by Royal Dutch Shell is on track to start exporting liquefied natural gas to Asia as early as 2024, having received a significant financial boost from Canada’s federal government.

Ottawa will provide C$275 million in subsidies to help finance the LNG Canada export project, whose partners include Malaysian state-owned oil company Petronas, Japan’s Mitsubishi Corp. and two other Asian energy companies. read more

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Motiva’s Port Arthur, Texas, refinery to shut big CDU in early September: sources

AUG 8, 2019

HOUSTON (Reuters) – Motiva Enterprises [MOTIV.UL] plans to shut the big crude distillation unit (CDU) at its 607,000 barrel-per-day (bpd) Port Arthur, Texas, refinery, the nation’s largest, by Sept. 5 for a 60-day overhaul, said sources familiar with plant operations.

In addition to the 325,000-bpd VPS-5 CDU, Motiva plans to shut the naphtha processing complex, which includes the 115,000-bpd naphtha hydrotreating unit 2 (NHTU2), 85,000-bpd catalytic reformer 5 (CRU 5) and 50,000-bpd isomerization unit for the work, scheduled to finish by Nov. 5, the sources said. read more

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REUTERS: Russia’s Putin to meet Shell CEO on Thursday: Kremlin

FILE PHOTO: Russian President Vladimir Putin (L) meets with Ben van Beurden, CEO of Royal Dutch Shell company, in Moscow, Russia June 21, 2017. REUTERS/Sergei Karpukhin/File Photo

JULY 18, 2019

ST PETERSBURG (Reuters) – Russian President Vladimir Putin will meet Royal Dutch Shell Chief Executive Ben van Beurden in St Petersburg later on Thursday, Kremlin aide Yuri Ushakov said.

Ushakov did not say what the two men would talk about. read more

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Dutch prosecutors investigate whether small gas fields exceed output limits

AMSTERDAM, July 12 (Reuters) – Dutch prosecutors said on Friday they were investigating whether producers at some of the country’s small gas fields had exceeded the amount they were licensed to produce.

Gas production limits have become a sensitive issue in the Netherlands as the country tries to reduce production at its large Groningen gas field that has caused damaging earthquakes.

Prosecution spokeswoman Marieke van der Moolen confirmed a report by regional broadcaster RTV Drente that investigations in several locations were ongoing and were taking place in collaboration with the country’s State Supervisor of Mines. read more

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Oil majors evacuate U.S. Gulf platform staff before storm

JULY 9, 2019 / 10:58 PM

HOUSTON (Reuters) – Major U.S. oil producers on Tuesday began evacuating and shutting in production at their deepwater Gulf of Mexico platforms in advance of a tropical disturbance expected to become a storm this week.

A tropical depression is expected to form late on Wednesday or Thursday, according to the National Hurricane Center, and move westward across the northern Gulf of Mexico, home to dozens of oil and gas producing facilities.

Chevron Corp (CVX.N), Royal Dutch Shell Plc (RDSa.L), BP Plc (BP.L) and BHP (BHP.AX) are removing staff from 15 offshore energy platforms, according to company statements. read more

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Shell entered Japan’s open electricity market in March: spokeswoman

JULY 5, 2019

TOKYO (Reuters) – Royal Dutch Shell started selling electricity to business customers in Japan in March, relying on its experiences in North America and Europe to expand its market presence, a spokeswoman for its Japan unit said on Friday.

The Nikkei business daily reported earlier on Friday that Shell is considering residential electricity sales in the future, but the spokeswoman said such a decision has not been made.

“The Japanese electricity market is attractive for Shell as the market’s liberalization is progressing,” she said, but declined to give any numerical business targets. read more

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Shell, Exxon Mobil eye re-entry into Somalia’s upstream sector

JUNE 28, 2019

LONDON (Reuters) – Royal Dutch Shell (RDSa.L) and Exxon Mobil (XOM.N) are looking to re-enter the market in Somalia ahead of an oil block bid round taking place later this year, the country’s oil ministry said in a statement.

Shell and Exxon Mobil had a joint venture there prior to the toppling of dictator Mohamed Siad Barre in the early 1990s.

Somalia has been mired in insecurity since Barre left and is battling Islamist group al Shabaab that frequently carries out bombings in the capital Mogadishu and elsewhere in the country. read more

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Pieridae to buy Shell Canada gas assets for C$190 mln

By Nia Williams: JUNE 26, 2019 / 10:37 PM

CALGARY, Alberta, June 26 (Reuters) – Canada’s Pieridae Energy will buy gas assets in Alberta from Royal Dutch Shell for C$190 million ($144.77 million), Pieridae said on Wednesday, securing supply for its planned liquefied natural gas plant in eastern Canada.

The deal will consist of all of Shell’s midstream and upstream assets in the southern Alberta Foothills area, which produce 29,000 barrels of natural gas, natural gas liquids and condensate. Pieridae is also buying three sour gas plants. read more

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Shell’s lead in bidding for Dutch Eneco increases as Enel, Total drop out: sources

Clara Denina, Stephen Jewkes, Toby Sterling: JUNE 24, 2019 / 4:43PM

LONDON (Reuters) – A domestic consortium set up by Royal Dutch Shell and pension fund manager PGGM has taken a bigger lead in the race for Dutch energy company Eneco as two other contenders have dropped out, sources close to the matter said.

French oil and gas company Total SA and Italy’s electricity giant Enel, which had teamed up with Dutch pension fund manager APG, have both withdrawn their non-binding offers, said the sources.

One of the sources added that APG was now looking for a new partner.

Infrastructure fund Macquarie and Japan’s biggest trading house Mitsubishi Corp are also still in the race for the company estimated by analysts to be worth about 3 billion euros ($3.4 billion), sources said. One said French nuclear energy utility EDF had also made a non-binding offer. read more

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Dutch court orders Shell to pay $2.8 million fine for 2014 plant blast

JUNE 17, 2019 / 2:17 PM

AMSTERDAM (Reuters) – A Dutch court on Monday ordered Royal Dutch Shell to pay a 2.5 million euro ($2.8 million) fine for failing to prevent an explosion at its Moerdijk facility in 2014 and for breaching emissions limits at the plant.

The district court in Den Bosch said Shell had not done enough to prevent an incident on June 3, 2014 which resulted in a series of explosions and a large fire at the Moerdijk chemical plant.

“The factory, employees, the surroundings and the environment were subject to great danger that day”, the court said. “This justifies a significant punishment.” read more

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Shell to invest up to $2.4 billion in Mexican deepwater oil projects

JUNE 14, 2019 / 2:01 AM

MEXICO CITY (Reuters) – Mexico’s oil regulator on Thursday approved exploration plans for four deepwater areas operated by Royal Dutch Shell , after it gave the green light to five others earlier this week, committing the oil major to invest at least $791 million.

The plans stipulate that the Anglo-Dutch company could invest up to $1.06 billion in the four blocks, mostly dedicated to drilling at least six new wells.

One of the blocks is in the Perdido Fold Basin, which straddles the U.S.-Mexico maritime border in the Gulf of Mexico, while the other three are further south in the Salina Basin. read more

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Shell to invest at least $397 million in Mexican deepwater oil projects

JUNE 11, 2019 / 6:57 PM

MEXICO CITY (Reuters) – Mexico’s independent oil regulator on Tuesday approved deepwater exploration plans for five areas operated by Royal Dutch Shell Plc in Mexican waters near the U.S. maritime border.

The plans commit the Anglo-Dutch oil major to invest at least $397 million over the next four years, but if the drilling proves successful it could grow to some $1.3 billion, according to the regulator, known as the National Hydrocarbons Commission, or CNH. read more

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