December 17, 2017

Shell gets final permit for Arctic oil drilling – BBC News

Oil and gas giant Shell has been granted the final permit it needs to begin drilling below the ocean floor for oil in the Arctic. Shell began work last month, but was allowed to drill just the top sections of two wells, off the coast of Alaska. Environmental campaigners are against the drilling which they say could harm the region. But the US government said it was monitoring Shell’s work “around the clock” to ensure the “utmost safety”. “Activities conducted offshore Alaska are being held to the highest safety, environmental protection, and emergency response standards,” added Brian Salerno, director of…

Shell ready to begin drilling for oil in the Arctic | Environment | The Guardian

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Shell is set to restart its controversial hunt for Arctic oil, three years after the company’s last ill-fated venture north. The Polar Pioneer rig began drilling on 30 July, but US safety standards have prevented the company from sinking a well deep enough to hit oil until a key safety vessel, an icebreaker called the Fennica, was in the Chukchi Sea. But Shell said on Tuesday that the vessel was now in the area and it had informed the US Bureau of Safety and Environmental Enforcement that it was ready to go for oil.  A spokeswoman for the company said: “Fennica is…

Big Data In Big Oil: How Shell Uses Analytics To Drive Business Success – Forbes

Royal Dutch Shell oil rigs in the Port of Seattle. (Photo by David Ryder/Getty Images)

The oil and gas industries are facing major challenges – the costs of extraction are rising and the turbulent state of international politics adds to the difficulties of exploration and drilling for new reserves. In the face of big problems, its key players are turning to Big Data in the hope of finding solutions to these pressing issues. Big Data is the name used to describe the theory and practice of applying advanced computer analysis to the ever-growing amount of digital information that we can collect and store from the world around us. Over the last few years businesses in…

Inside Shell’s Extreme Plan to Drill for Oil in the Arctic – Bloomberg Business

In a windowless conference room in Anchorage, a dozen Royal Dutch Shell employees report on the highest-profile oil project in the multinational’s vast global portfolio. Warmed by mid-July temperatures, Arctic ice in the Chukchi Sea, northwest of the Alaskan mainland, is receding. Storms are easing; helicopter flights will soon resume. Underwater volcanoes—yes, volcanoes—are dormant. “That’s good news for us,” Ann Pickard, Shell’s top executive for the Arctic, whispers to a visitor. Overhead, a bank of video monitors displays blinking green radar images of an armada of Shell vessels converging on a prospect called Burger J. Company geologists believe that beneath Burger…

56 UK, Nigerian Companies Explore Opportunities in Shell-sponsored Business Summit | THISDAY LIVE

  A total of 100 delegates representing 56 companies from Nigeria and the United Kingdom at the weekend explored opportunities for collaboration at the annual Nigeria-UK Supplier Engagement programme organised by Shell Nigeria Exploration Company Ltd (SNEPCo) in conjunction with the United Kingdom Trade and Investment (UKTI). The event brought together companies engaged in a wide variety of activities in the oil and gas industry including engineering, maintenance, fabrication and subsea support services. A statement by the Deputy Director/Head, Public Relations Unit of Shell, Hajia Lami Tumaka, she said the UK delegation, included Nigerian experts in the diaspora whom SNEPCo…

Shell Buys Morgan Stanley’s European Gas, Power-Trading Book – Bloomberg Business

Royal Dutch Shell Plc agreed to buy Morgan Stanley’s European natural gas and power-trading portfolio in a deal that doesn’t include the bank’s traders. Shell Energy Europe Ltd. will acquire Morgan Stanley’s book of physical and financial gas and power contracts, the energy producer said in an e-mailed statement Friday. Shell, the second-biggest oil company by revenue, didn’t disclose the value of the transaction. Trading oil and gas helped Shell beat analysts’ earnings forecasts in the quarter ended March 31 as it profited from storing crude to sell later at a higher price. Shell’s trading business also allows it to sell more…

Shell Arctic oil drilling to commence within weeks – BBC News

Oil and gas giant Shell is expected to begin drilling for oil in the Arctic within the next two weeks. Thirty ships left Dutch Harbor in Alaska on Thursday for the Arctic to support two initial exploratory wells. The company has already committed about $7bn (£4.5bn) to the controversial project, and is confident it will find huge quantities of oil in the region. But if the initial wells do not find oil, Shell will contemplate walking away from the region entirely. The US Department of the Interior gave the green light to Shell to commence Arctic oil exploration in May…

Shell starts selling ‘premium-plus’ gas

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A new, more expensive grade of premium-plus gasoline that goes on sale at Shell stations nationwide could signal a new round of competition as oil companies add new features to their fuels. Shell’s claims include longer engine life and improved performance. No independent analysis is available of Shell’s claims for the fuel, Shell V-Power Nitro+. However, two independent fuel and engine experts say new additives to gasoline could reduce engine wear and improve efficiency. “Nitro+ adds protection against wear and corrosion to the detergents our gasoline already contains,” said Shell researcher Ed Nelson. “Fuel comes in contact with moving metal parts in…

Shell faces risks from $1.1bn Nigerian oil scandal

  Shell’s role in a $1.1bn corruption scandal in Nigeria poses significant hidden risks for investors, the international non-governmental organisation, Global Witness, said at the company’s 2015 Annual General Meeting. The warning comes as the oil major is lobbying the United Kingdom and United States authorities to undermine the implementation of new transparency laws, which will consign such secretive deals to history. The corruption at the heart of the deal deprived the Nigerian state of over $1.1bn, triggered investigations by authorities in three countries and can potentially lead to Shell and its Italian partner, Eni, losing access to the oil…

Shell Reopens 180,000bpd Bonny Light Crude Export Pipeline, Articles | THISDAY LIVE

Barely four days after Shell shut down the Trans Nigeria Pipeline (TNP) that feeds Bonny Light crude oil to the export terminal, the company said it had reopened the pipeline. The pipeline, which has the capacity to carry 180,000 barrels of crude oil per day, was closed on May 12 following a leak caused by attempted theft. Reuters quoted a Shell’s spokeswoman as saying that the pipeline has been reopened. Shell has said it did not declare force majeure on loadings. Nigeria lost about $35.139 million since the pipeline, which is one of the two major crude oil export pipelines…