Shell shelves Hume LNG plan
Extracts from an article published by THE AUSTRALIAN on 26 Feb 2014
Royal Dutch Shell’s pullback from Australia is set to continue as the oil and gas giant aborts a plan to build a liquefied natural gas (LNG) supply chain for trucks, according to The Australian. “The project has been put on hold by Shell, and the eight LNG refuelling sites that were in the design phase, will not be constructed at this point,” a Shell spokesperson told The Australian. The development comes after Shell sold its downstream assets, including the Geelong refinery and its petrol station network, to oil trader Vitol last week…
Shell investors urged to take action on ‘high-risk’ Arctic drilling
Extract from an article by Charlotte Malonepublished February 25th, 2014 by blue&greentomorrow.com
Investors across the UK are being urged to call for oil giant Shell to abandon its plans to drill for fossil fuels in the Arctic Ocean. Campaigners say the project is high-risk with uncertain returns. Responsible investment charity ShareAction said it expects to see thousands of people email their pension funds about the issue. It added that Shell’s largest shareholder, Blackrock, will also be targeted in an effort to shift Shell’s high-risk Arctic strategy.
Kuwait to acquire key retail fuel sector from Shell
Extract from an article published by WorldTribune.com on 24 Feb 2014
The state-owned Kuwait Petroleum International has reached an agreement to purchase a key division of Royal Dutch Shell. Under the agreement, estimated at 500 million euro, KPI would acquire Italy’s retail fuel sector of Shell, which included at least 830 gasoline stations, far more than Britain and France.
Shell’s Arctic oil plans face shareholder scrutiny
Extracts from article by Ed King published by RTCC.org (Responding to Climate Change) on 25 February 2014
Shareholders in Royal Dutch Shell face warnings today that the company’s ambitious plans for Arctic oil and gas exploration are placing its future profits at risk. So far Shell has spent around $5 billion exploring for hydrocarbons in one of the world’s most challenging environments, with little guarantee of success. Shell’s last major attempt to explore the Arctic in 2012 was hit by a series of calamities.The authors of the report say Shell has not learnt from those mistakes, and want shareholders to ask the oil giant’s new chief executive Ben Van Beurden if plans are in place to address these concerns.
Shareholders in Royal Dutch Shell face warnings today that the company’s ambitious plans for Arctic oil and gas exploration are placing its future profits at risk.
So far Shell has spent around $5 billion exploring for hydrocarbons in one of the world’s most challenging environments, with little guarantee of success.
- See more at: http://www.rtcc.org/2014/02/25/shells-arctic-oil-plans-face-shareholder-scrutiny/#sthash.6S80KYGn.dpuf
Posted in: Alaska, Arctic, Ben van Beurden, Environment, Gas, Oil, Royal Dutch Shell Plc, United States.
Motiva oil refinery fire doused, no injuries reported
Extract from an article by David J. Mitchell and Ryan Broussard published 24 Feb 2014 by The Advocate
CONVENT — Workers battled a fire Monday afternoon at Motiva Enterprises’ Convent crude oil refinery in St. James Parish for 45 minutes before extinguishing the blaze, Shell Oil Co. officials said. The fire broke out in an unidentified processing unit at about 3:40 p.m. Monday inside the Mississippi River oil complex between La. 70 and River Road along the Ascension Parish line. Convent refinery spokesman Kevin Hardy Jr. said internal refinery firefighters put out the fire by 4:25 p.m.
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