Royal Dutch Shell plc .com Rotating Header Image

Posts under ‘Total’

Shell may join Russia’s Shtokman gas team: sources

By Olesya Astakhova and Vladimir Soldatkin MOSCOW | Fri May 25, 2012 5:12am EDT (Reuters) – Royal Dutch Shell (RDSa.L) may join a Gazprom (GAZP.MM)-led initiative to extract gas from the Arctic seabed off Russia’s coast, several sources said, in an attempt to inject new impetus into the huge project delayed by years of talks [...]

Shell re-enters coal with swaps trading

By Jacqueline Cowhig LONDON | Thu May 17, 2012 12:16pm BST May 17 (Reuters) – Shell International Trading and Shipping Company Ltd this month resumed trading in coal derivatives more than a decade after parent Royal Dutch Shell exited the coal business and sold its mines, sources close to the company said. Shell declined to [...]

Shell Net Little Changed, Projects Offset Lower Output

By Eduard Gismatullin – Apr 26, 2012 7:48 AM GMT+0100 Royal Dutch Shell Plc (RDSA), Europe’s biggest oil company, reported first-quarter earnings that beat estimates and raised a target for asset sales this year. Excluding one-time items and inventory changes, Shell posted profit of $7.28 billion, compared with the $6.7 billion average estimate of eight [...]

Total Elgin/Franklin toxic blowout

13 APRIL 2012 John Just received this pic from the Elgin-Franklin blowout. The yellow stuff presumably is sulfur. Not nice stuff. Blow-out is at the cellar deck from a surface Xmastree. No idea how sour (H2S content) the gas is, but realise that 1000 ppm (= 0.1%) means instant death. It is as poisonous or [...]

In Total North Sea gas leak, comparisons to Gulf oil spill inevitable

By Associated Press, Updated: Monday, April 9, 3:38 PM PARIS — Oil giant Total has moved to reassure investors and environmental activists over the past week that the financial and environmental damage from its gas leak in the North Sea would be limited, a task made more difficult by comparisons to BP’s handling of a catastrophic oil [...]

North Sea spills on the rise

Professor Andrew Watterson, the head of the occupational and environmental health research group at the University of Stirling, accused companies of playing down “the potentially catastrophic consequences” of gas and oil leaks. “ Karrie Gillett: MONDAY 09 2012 Sixty-nine oil and chemical spills in the North Sea have been reported in three months. Eighteen companies [...]

Elgin Leak

COMMENT BY A NORTH SEA PLATFORM EXPLORATION AND PRODUCTION EXPERT John, Something is very strange about the Elgin well head platform and the subsequent leak.  The media has made so much speculation that has little or no technical sense whatsoever.  The attached is a scan of the wellhead itself as published in the Aberdeen Press [...]

Safety check backlog at UK oil rigs

A spokesman for Royal Dutch Shell, which also operates in the North Sea said: “Asset integrity is a high priority for Shell. In 2011, we invested around $600 million (379 million pounds) in our North Sea assets, including maintenance. We strive to operate all our assets, regardless of age or location, in a way that meets or exceeds both our global internal standards and relevant legal and regulatory requirements. We are confident that the maintenance plans for our North Sea assets are robust.”

Shell scrambles to pay huge bill for Iran oil

“Shell is working hard to figure out a way to pay NIOC,” said an industry source, who requested anonymity. “It’s very sensitive and very difficult. They want to stay on good terms with Iran, while abiding by sanctions.” By Richard Mably and Peg Mackey LONDON | Sun Mar 25, 2012 11:18am BST (Reuters) – Royal [...]

Royal Dutch Shell in Deal for China Shale Gas

March 21, 2012 By WAYNE MA BEIJING—Royal Dutch Shell RDSB -1.33% PLC has signed the first-ever production-sharing contract to explore, develop and produce shale gas in China, a move that fits in with China’s overall strategy to bring technical and operational know-how to the development of its untapped reserves of the unconventional fuel. Although Shell didn’t [...]

Shell still lifting Iran crude oil

March 14, 2012, 12:23 p.m. EDT By Benoit Faucon KUWAIT CITY -(MarketWatch)- Royal Dutch Shell PLC RDS.B -1.30% and Total SA TOT -2.68% are no longer lifting Iranian oil crude in Europe due to sanctions, the country’s oil minister said Wednesday. Speaking to reporters on the side of an energy meeting here, Rostam Ghasemi said: [...]

PTT Exploration Offers $1.7 Billion for Cove, Beating Shell

PTT Exploration offered 220 pence for each Cove share, 13 percent more than Shell’s proposal, according to a statement today. Cove surged 21 percent to 235 pence in London trading, indicating investors are betting on further bids.

Shell Bid Starts Race for African Gas Fields Bigger Than Norway’s: Energy

By Eduard Gismatullin and Fred Pals – Feb 23, 2012 9:45 AM GMT Royal Dutch Shell Plc (RDSA)’s $1.6 billion bid for Cove Energy Plc (COV) starts a race to develop natural-gas fields off Mozambique’s Indian Ocean coast that may hold more than Norway’s entire reserves. Winning Cove would give Shell an 8.5 percent stake [...]

Shell settles South Africa cartel case

The Competition Commission of South Africa announced on Tuesday that it has reached settlement agreements with two major oil companies, namely Engen Petroleum Limited (Engen) and Shell South Africa Marketing (Pty) Limited (Shell) in which they admit to having fixed the price of bitumen with other oil companies. The commission said the two companies did [...]

Shell Earnings Decline on Lower Gas Prices

By Eduard Gismatullin – Feb 2, 2012 8:02 AM GMT Royal Dutch Shell Plc (RDSA), Europe’s biggest oil company, expects to raise its dividend this year for the first time since 2009 as new projects generate more cash. Shell plans net capital investment of $30 billion, with cashflow from operations in 2012-2015 expected to be [...]