Monday, November 20, 2017

Royal Dutch Shell News

Hess Shutters GoM Assets After Enchilada Fire

U.S. oil and gas producer Hess Corp said on Monday it had halted production at its Baldpate, Conger and Penn State fields due to a fire at Royal Dutch Shell's Enchilada platform in the Gulf of Mexico. Last week, Shell shut its Enchilada platform after a fire caused injuries to two people.

Shell to Begin Drilling in Brazil's Gato do Mato Block in 2019

Royal Dutch Shell's Brazil chief said on Monday that the oil major plans to begin drilling in the Gato do Mato block it won in an auction last month in 2019. Andre Araujo, Shell's Brazil CEO, said at an event in Rio de Janeiro that it was too soon to forecast when first oil might be produced.

Four GoM Platforms Shut after Enchilada Fire

File Image (CREDIT: AdobeStock / (c) xmentoys)

Royal Dutch Shell said on Tuesday that production at four oil platforms in the Gulf of Mexico has been shut in the wake of a Nov. 8 fire at its Enchilada platform. "Production is shut in at the Shell-operated Enchilada and Salsa platforms, as well as the associated Hess-operated Conger field…

Oil Explorer Finder Seeks $150mln for Australia Drilling

Australia-focused oil and gas explorer Finder Exploration is seeking to raise $150 million for the drilling of five wells off the country's northwest coast, a document seen by Reuters showed. The wells could hold as much as 600 million barrels of oil and gas equivalent…

Fire Shuts Shell Platform in GOM

Royal Dutch Shell Plc's Enchilada oil platform in the Gulf of Mexico has been shut and all associated production has been stopped after a fire on Wednesday, the U.S. Coast Guard (USCG) said. The Coast Guard said the fire has been reduced to a small flame from a pipe on the platform…

Shell Sells Out of Woodside Petroleum for $2.7 Bln

Royal Dutch Shell on Monday sold its entire stake in Australia's largest independent oil and gas company Woodside Petroleum Ltd for $2.7 billion as it pushes ahead with its vast disposal programme. Shell, which has been slowly divesting its Woodside holding, initially…

Shell to Hand Over Iraq's Majnoon Oilfield

Oil major Royal Dutch Shell has agreed to exit the Majnoon oilfield and hand over its operation to the state-run Basra Oil Co. by the end of June 2018, two oil officials close to the deal said on Wednesday. A letter signed by Iraqi oil minister Jabar Luaibi, dated Aug.

Shell Buyback of Own Shares

Royal Dutch Shell plc announced that on March 13, 2014 it purchased for cancellation 950,000 "B" Shares at a price of 2316.26 pence per share.

BP Shares Rise, Traders Cite Talk of Bid From Shell

Shares of UK energy major BP rose more than 3 percent Tuesday afternoon, with several traders citing market talk of a takeover bid from rival Royal Dutch Shell. Royal Dutch Shell declined to comment, while BP was unavailable for comment. "BP shares have rallied…

BP, Shell to Lead Blockchain-Based Energy Effort

File Image (CREDIT: AdobeStock / (c) Javier Castro)

A consortium including energy companies BP and Royal Dutch Shell will develop a blockchain-based digital platform for energy commodities trading expected to start by end-2018, the group said on Monday. Other members of the consortium include Norwegian oil firm Statoil…

Shell Backtracks on Convent Refinery Closing

File Image (CREDIT: AdobeStock / (c) Sharrif Che'Lah)

Royal Dutch Shell Plc has canceled a plan to permanently close the gasoline-producing unit at its 227,586 barrel-per-day (bpd) Convent, Louisiana, oil refinery, two sources familiar with plant operations said on Thursday. A spokesman for Shell's U.S. operations was not immediately available for comment early on Thursday.

Shell CFO Heads to Rio Tinto

Simon Henry (Photo: Shell)

Royal Dutch Shell's chief financial officer, Simon Henry, will join miner Rio Tinto as non-executive director from July 1 after he leaves the oil major. Henry, who has served as CFO for seven years of his 34 years at Shell, will hand over to Jessica Uhl on March 9 and leave the company on June 30.

Norway's Wealth Fund to Okay BG-Shell Merger

Norway's $790 billion sovereign wealth fund, the world's largest, will vote in favour of the merger of energy companies Royal Dutch Shell and BG , it said on Wednesday. "Norges Bank Investment Management considers that the transaction accelerates value for BG Group…

BP, Shell Helping Mexico Execute Oil Hedge

Oil majors make foray into the $1.26 bln programme, but Mexico unlikely to see any income from 2017 hedge. BP helped Mexico execute its 2018 oil hedge, the biggest in the industry, becoming the second major after Shell to participate in the highly coveted programme…

Royal Dutch Shell Q2 2014 Results 'More Robust' Says CEO

CEO Ben van Beurden: Photo Shell

Royal Dutch Shell informs that its second quarter 2014 earnings, on a current cost of supplies (CCS) basis, were $5.1 billion compared with $2.4 billion for the same quarter a year ago. Earnings included an identified net charge of $1.0 billion after tax, mainly…

Ex-Shell CEO Voser Joining Temasek Board

Singapore state investor Temasek Holdings said on Monday that Peter Robert Voser, former chief executive of Royal Dutch Shell, will join its board in January 2015. Voser stepped down as Royal Dutch Shell CEO in December. He is the second high-profile executive…

Shell Sees More 2016 Spending Cut if BG Deal Goes Ahead

Royal Dutch Shell said on Tuesday it planned to cut the 2016 capital spending following its proposed takeover of BG Group by $2 billion to $33 billion. The Anglo-Dutch company expected the $53 billion BG acquisition to be completed by Feb. 15 pending both companies' shareholder approvals in late January.

Shell Bids for Dutch Offshore Wind Farm

Royal Dutch Shell is participating in a consortium bidding in a Dutch government tender to build two 350 megawatt wind farms off the Netherlands' southern coast. Shell, bidding together with energy company Eneco and contractor Van Oord NV, will use turbines built by Vestas if its bid is successful…

Shell Gabon Ops Normal after Labor Pact

Royal Dutch Shell said its operations in Gabon were running as normal after it struck an agreement with staff, their labour union and the government to end strike action which started on Jan. 12. "The agreement has immediate effect and operations are running as normal," a Shell spokeswoman said.

Shell Appoints Wetselaar as Integrated Gas Director

Royal Dutch Shell plc announced the appointment of Maarten Wetselaar Integrated Gas Director with effect from January 1, 2016. Integrated Gas in Shell has grown into a business that generated $11 billion of cash flow per year average over the last three years, compared to $2 billion in 2009, the company said.