Qatar threat to Royal Dutch Shell

Qatar threat to Royal Dutch Shell

May 28th, 2015 

by John Donovan. 

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“My government will definitely not be happy… (Royal Dutch) Shell is one of the biggest single investors in the country and there are some $150 billion in infrastructure projects coming up in the next years…”: Qatar Airways CEO 

Al-Baker (above) said Qatar would take note if Qatar Airways was not awarded the extra slot it is seeking in order to fly seven days a week to and from Schiphol. (Reuters Photo)

In handing out lucrative public procurement contracts, Qatar is likely to favour countries whose airports grant take-off and landing slots to state-owned Qatar Airways, its chief executive said on Tuesday. The remarks by Akbar al-Baker, in Amsterdam to launch a new six-times-a-week route, may fan the protests of western carriers that Gulf competitors have unfair advantages because of their close relationships to their governments.

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Posted in: Royal Dutch Shell Plc.
Tagged: Qatar

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OPEC Seen Backing Saudi Arabia’s Plan to Keep Supplies Elevated

OPEC Seen Backing Saudi Arabia’s Plan to Keep Supplies Elevated

May 28th, 2015 

by John Donovan. 

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by Grant Smith and Maher Chmaytelli: Bloomberg.com: 27 May 2015

When Saudi Arabia argues next week that OPEC should keep up production to fight the rise in U.S. shale oil, prices will be on its side.

Crude plunged for eight of nine weeks prior to the group’s November gathering, when the kingdom faced down opposition from the majority of fellow members, who advocated output reductions to tackle a global glut. With oil companies around the world cutting investment, U.S. output peaking and prices up, Saudi Arabia’s strategy will be extended at OPEC’s semiannual meeting on June 5, say Societe Generale SA and Bank of America Corp.

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Posted in: Bloomberg, Fracking, Nigeria, Oil Prices, OPEC, Russia, Saudi Aramco, Shale Gas, Shale Oil.
Tagged: Nigeria · Oil Prices · Russia

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Shell’s Arctic exploration safety audit ‘kept under wraps’

Shell’s Arctic exploration safety audit ‘kept under wraps’

May 28th, 2015 

by John Donovan. 

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by Joe Sandler Clarke: 22 May 2015

As Shell prepares to drill for oil in the Arctic this summer, a third party safety audit ordered by the US government to ensure there was no repeat of the company’s disastrous drilling operation in 2012 remains hidden from the public.

Shell contractor Noble pleaded guilty to eight environmental and maritime crimes after their last their last attempt to drill in the Arctic nearly caused a major environmental disaster. A heavy storm caused the 28,000 ton Kulluk rig to run aground.

As a result, the Obama administration stated the company would face unprecedented hurdles before it could drill again. The Interior Department made a third party safety audit a key recommendation of its report looking at the 2012 operation.

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Posted in: Alaska, Arctic, Chukchi Sea, Climate Change, Environment, Greenpeace,Litigation, Oil Spill, Pollution, Royal Dutch Shell Plc, Shell, United States.
Tagged: Alaska · Arctic Ocean · Chukchi Sea · Environment · Litigation · Oil · Royal Dutch Shell Plc · Shell

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We May Not See Arctic Oil For Decades

We May Not See Arctic Oil For Decades

May 28th, 2015

by John Donovan. 

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We May Not See Arctic Oil For Decades

SHELL MAY END UP WITH NOTHING

By Nick Cunningham: Posted on Wed, 27 May 2015

Shell’s Arctic campaign this year will be pivotal. If the company cannot find large reserves of oil, it will likely set back Arctic oil development for a generation.

The Financial Times reported that Royal Dutch Shell will not see Arctic oil come online anytime soon, even in the best of scenarios. Even Shell officials think that the oil major will not be able to see Arctic oil hit the market until sometime in the 2030s.

Related: Shell Approval May Trigger Resource Race In The Arctic

There are a few reasons for this. Finding and developing offshore oil can typically take around a decade. First there is a long lead time before any drills hit the waters – analyzing data, purchasing acreage, planning, doing seismic surveys, getting permits, moving equipment into place, and finally deploying rigs. Shell first started buying up Arctic leases in 2007. After years of preparation (and huge setbacks), Shell has done most of this pre-drilling work.

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Posted in: Alaska, Arctic, Chukchi Sea, Conoco Phillips, Environment, Gulf of Mexico,Oil, Oil Spill, Pollution, Royal Dutch Shell Plc, Shell, United States.
Tagged: Alaska · Arctic Ocean · Chukchi Sea · Gulf of Mexico · Litigation · Oil · Oil Prices · Royal Dutch Shell Plc · Shell

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Alaska governor tours Shell rig in Seattle, touts Arctic drilling

Alaska governor tours Shell rig in Seattle, touts Arctic drilling

May 28th, 2015

by John Donovan. 

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Phuong Le | Associated Press: May 27, 2015

Alaska governor tours Shell rig in Seattle, touts Arctic drilling

SEATTLE — The governor of Alaska on Wednesday toured a massive oil drill rig parked on Seattle’s waterfront, then met with Washington state Gov. Jay Inslee to tell him that Washington’s position on future Arctic drilling will hurt the economy of Alaska.

Alaska Gov. Bill Walker met privately with Inslee at Auburn City Hall, south of Seattle. Inslee is a Democrat; Walker an independent.

Inslee spokeswoman Jaime Smith said the two governors didn’t talk about the dispute over the drill rig but generally discussed drilling in the Arctic, which Inslee opposes, she said.

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Posted in: Alaska, Arctic, Associated Press, Chukchi Sea, Environment, Greenpeace,Litigation, Oil Spill, Pollution, Royal Dutch Shell Plc, Shell, United States.
Tagged: Alaska · Arctic Ocean · Chukchi Sea · Environment · Litigation · Oil · Royal Dutch Shell Plc · Shell

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Despite Bernie Sanders’ Campaign Pledge, Koch-Republicans Will Block Infrastructure Spending

Despite Bernie Sanders’ Campaign Pledge, Koch-Republicans Will Block Infrastructure Spending

By: Rmuse

Wednesday, May, 27th, 2015, 10:05 pm

Republicans like Paul Ryan already pledged two weeks ago that regardless the Amtrak derailment, crumbling bridges, and roads barely fit for foot traffic, Republicans would not fund any infrastructure improvements to, as Ryan said, “save money.” However, Republicans had no problem passing a “balanced budget” rife with tax cuts for the rich and corporations, or proposing standalone monumental tax cuts for the rich that would make George W. Bush gasp. Like Republicans’ predilection to always finding ‘surplus’ funds for the bloated defense budget, they always find money for tax cuts while opposing infrastructure spending due to “America being broke.”     READ MORE
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