MARK WILLIAMSON 28 Oct 2011 ROYAL Dutch Shell said it would curb investment in Europe where it expects the economy to stagnate, but made clear it would still spend in the North Sea. Announcing bumper profits driven by high oil prices, the oil and gas giant said it will shift a growing share of its [...]
Posts Tagged ‘North Sea Oil’
SHELL’S PROFITS HIT £49m A DAY
By STEVE HAWKES, Business Editor: Friday 28 October 2011 *£12.5bn cash in the bank *90,000 staff around the world *3m output in millions of barrels a day SOARING oil and gas prices have sent profits surging to £49million a day at SHELL. The energy giant made a whopping £4.5billion over the three months to October [...]
BP unveils North Sea investment programme
13 October 2011 BP has been given the go ahead to proceed with a new £4.5bn oil project west of the Shetland Islands. The BP-operated scheme is an extension of the existing Clair oil field, and will also include investment by fellow oil firms Shell, ConocoPhillips and Chevron. David Cameron said the news was a [...]
Shell fights spill near North Sea oil platform
13 August 2011 Last updated at 03:02 Oil giant Royal Dutch Shell has said it is working to stop a leak at one of its North Sea oil platforms. The leak was found near the Gannet Alpha platform, 180 km (113 miles) from Aberdeen, Scotland. The company would not say how much oil may have [...]
Shell Fighting Oil Spill At North Sea Platform
AUGUST 12, 2011 12.23 P.M. ET LONDON (Dow Jones)–Royal Dutch Shell PLC (RDSB) Friday confirmed that an oil spill has occurred at its Gannet Alpha platform in the U.K. North Sea. “We can confirm we are managing an oil leak in a flow line that serves the Shell-operated Gannet Alpha platform,” said Shell spokesman Kim [...]
Shell is sure of its future investment in the North Sea
mark williamson QATAR 1 Jun 2011 THE chief executive of Shell said the North Sea was still important for the oil and gas giant, which could invest in the province for decades to come. Peter Voser reiterated Shells concerns that the controversial Budget tax hike could make some small developments unviable. However, he said the [...]
Shell slammed on safety
upstreamonline: In-depth revision ordered at Brent Charlie following major gas leaks The UK Health & Safety Executive (HSE) has taken the rare step of ordering a thorough safety review at Shells Brent Charlie platform following two major gas leaks. ROB WATTS London 06 May 2011 01:53 GMT The HSE has told Shell to submit a [...]
Shell scared away by British tax?
April 29, 2011 LONDON, April 29 (UPI) — Royal Dutch Shell suggested it might pull out of developments in the North Sea because of a tax increase imposed by the British government, a director said. British Chancellor of the Exchequer George Osborne imposed a duty on oil and gas producers in an effort to take [...]
Shell make £4.1bn…and axe North Sea fields
SHELL is slashing investment in the North Sea over a Budget Day tax hike – despite making £1.9million an hour. The giant yesterday revealed the rise meant it was now “uneconomic” to develop smaller UK oil and gas fields. Shell’s quarterly profits were up forty per cent and totalled £4.1billion. Chief finance officer Simon Henry [...]
Shell may have to sell North Sea assets after tax raid
Published Date: 29 April 2011 By Martin Flanagan City editor ROYAL Dutch Shell warned yesterday that it may have to sell some assets in the North Sea and reduce investment in the region because of the Chancellor’s tax raid and higher industry decommissioning costs in the Budget. Simon Henry, chief financial officer, revealed that the [...]
Shell chief condemns tax hike as profits surge 30%
mark williamson 29 Apr 2011 THE chief financial officer of Royal Dutch Shell has warned , the surprise hike in tax on North Sea profits will hit investment in the area, after the company unveiled a 30% leap in profits on the back of surging oil prices. Simon Henry said the hike, announced by George [...]
A near miss for Shell in the North Sea
By John Donovan Remember the current Shell CEO Fat Cat super critical of BP, claiming the Gulf of Mexico disaster couldn’t happen to Shell with their Utopian well and Utopian standards? It seems it almost did, with an uncanny similarity between events in the North Sea and in the Gulf, the difference being the former [...]
Shell: Brent Platforms Shut For Undisclosed Period
JANUARY 18, 2011 By Sarah Kent Of DOW JONES NEWSWIRES LONDON (Dow Jones)– Royal Dutch Shell PLC (RDSB) Tuesday said its four platforms in the North Sea’s Brent field will be shut for an undisclosed period while it investigates the causes and impact of an accident Saturday. The four platforms were shut after a fender [...]
North Sea Protection: U.K. Oil Industry Seeks Aid
New discoveries are miniscule compared to the big finds of its heyday and are harder to develop. Some of the world’s biggest oil companies, such as BP PLC and Royal Dutch Shell, have reduced their exposure to the North Sea and have shifted their focus to places like Canada and offshore Angola.
More North Sea Crude Oil Heading To US, Asia – Trade
This month, the VLCC Front Shanghai, booked by Royal Dutch Shell PLC (RDSA), left the North Sea for Galveston.


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