Posts under ‘Shell North Sea’

CNN BUSINESS

Brits face a massive increase in energy bills. BP and Shell could be on the hook to pay

By Charles Riley, CNN Business

Updated 1221 GMT (2021 HKT) January 10, 2022

London (CNN Business)The UK government is coming under mounting pressure to increase taxes on oil and gas companies, including BP and Shell. The aim: to help British households cope with skyrocketing energy bills.

The main opposition Labour Party this weekend called on Prime Minister Boris Johnson to impose a windfall tax on companies pumping oil and gas from the North Sea, saying that the money raised could be used to cut £200 ($272) from soaring household bills. read more

EXPERT COMMENT ON THE ARTICLE…

Report: Fatal Lifeboat Accident Caused by Damaged Release Cable

…MADE BY “AN  OLD SHELL E&P ENGINEERING SEA DOG”

RELATED CHILLING STORIES ALSO INVOLVING SHELL

FROM 2019: Shell confirms two fatalities in a routine lifeboat drill

FROM 2017: Shell North Sea Lifeboats Dangerous Farce No. 3 

FROM 2008: Lifeboats trouble at Brent field

23 Dec 2021

Following the Alexander Kielland disaster in 1981 and the subsequent enquiry of the many recommendations made lifeboats launching arrangements were to be changed to on load release.  This recommendation was endorsed by the Norwegian Government despite objections regarding this system requiring specialist attention due to complexity and sequence of use. read more

The Maritime Executive

Report: Fatal Lifeboat Accident Caused by Damaged Release Cable

RELATED STORIES

FROM 2019: Shell confirms two fatalities in routine lifeboat drill

FROM 2017: Shell North Sea Lifeboats Dangerous Farce No. 3 

FROM 2008: Lifeboats trouble at Brent field

20 December 2021

The U.S. Coast Guard has issued its final report into the fatal lifeboat accident that occurred aboard Shell’s Auger platform in 2019. The inquiry concluded that a degraded release cable – which had previously been identified by service technicians – was the primary root cause of the casualty. read more

The Sunday Times

Shell pulling the plug on the Cambo North Sea oilfield is a problem for us, too

You can’t be sure of much when it comes to Shell these days — and Shell, it seems, can’t be sure of anything when it comes to politics. Last month, chief executive Ben van Beurden was fêted for moving the oil major’s headquarters from Holland to London as part of a simplification of its corporate structure.

On Thursday, Shell pulled out of a major oil project in a storm of recrimination, saying the economics were “not strong enough at this time” and complaining of “potential for delays”. read more

The Telegraph

Cambo: Jobs warning as Shell pulls out of oil field development

By Rachel Millard

It was less than a month ago that Kwasi Kwarteng was celebrating Shell’s plans to move its group headquarters out of Holland and to the UK.

The business secretary heralded the decision as “a clear vote of confidence in the British economy as we work to strengthen competitiveness, attract investment and create jobs”.

Today he may have more complex feelings towards the FTSE 100 oil giant – and greater uncertainty about the challenges ahead for the economy. read more

BBC NEWS

Cambo: Jobs warning as Shell pulls out of oil field development

Business leaders have warned that thousands of oil and gas jobs could be at risk in the UK after Shell pulled out of the Cambo oil field development.

• Located in the North Atlantic, about 125km (75 miles) north west of the Shetland islands.
• Major stakeholder is Siccar Point Energy, with a 70% stake, backed by private equity firm investors.
• Siccar Point Energy says Cambo could deliver 170 million barrels of oil over 25 years, and 53.5 billion cubic feet of gas.
• The exploration licences dates back to 2001, but UK government must approve drilling – which could start as early as 2022.

Aberdeen’s Chamber of Commerce said a “premature” end to domestic production could see some areas suffer the fate of mining communities in the 1980s.

Environmentalists say new fossil fuel projects like Cambo are incompatible with action on climate change.

Cambo’s majority stakeholder said it still planned to take it forward. read more

The Washington Post

LONDON — Royal Dutch Shell has pulled out of a controversial plan to develop a new oil field near Scotland’s Shetland Islands, buoying environmentalists’ hopes that the project may be shelved altogether as Britain seeks to combat global warming.

Shell, which had a 30% stake in the Cambo project, said Friday that the decision was based on an assessment of what was best for the company and its shareholders.

The project has faced stiff opposition from groups such as Greenpeace, which argue Britain must stop developing new oil and gas fields if it is serious about reducing carbon emissions. U.K. authorities granted an exploration license for the project in 2001 and the government is now considering whether to authorize commercial operations. read more

sky news

Shell’s decision to abandon Cambo oil field does nothing to aid the transition to green energy

Sky’s Ian King argues that environmental campaigners and other critics have scored an own goal by opposing the project and will only force us to buy in more energy from abroad.

Shell’s decision not to proceed with its interest in the Cambo oil field may not necessarily be the triumph for environmental campaigners that they seem to think.

It does not, for example, guarantee that Cambo’s oil – some 170 million barrels worth over 25 years – will stay in the ground. read more

CNN Business

Big Oil wants to keep drilling in the North Sea. The backlash is growing

By Julia Horowitz, CNN Business: Updated 0732 GMT (1532 HKT) August 10, 2021

London (CNN Business)The UK government has been warned to stop a massive North Sea oil project or see its hopes of becoming a climate leader dashed as the country prepares to host a crucial environmental summit later this year.

Shell’s failed blundering attempt to kill my royaldutchshell.website

By John Donovan (last updated 5 Sept 2021)

Last week, a CYBERSECURITY INTELLIGENCE outfit acting for Shell issued a 5-day ultimatum on behalf of Shell to the company hosting my royaldutchshell.website.

I would not have had a clue about the ultimatum letter if the hosting company had not tipped me off about what was going on behind my back at Shell’s direction.

For 26 years, I have used the Internet as a medium to criticise and expose Shell’s unscrupulous dishonest activities, including, for example, the Shell securities fraud that ruined Shell’s reputation. read more

Future of Brent Oil Platform’s Giant Legs Remains Uncertain

Laura Hurst: 09 April 2021

(Bloomberg) — The U.K. government is still undecided on whether it will allow Royal Dutch Shell Plc to leave in the sea the giant concrete legs that once supported the iconic Brent oil platforms.

Shell has asked for permission to leave the columns — each almost as tall as the Eiffel Tower and together weighing around 1 million tons — jutting from the water because it says removing them would pose a greater environmental risk. A government decision on the matter, which was last due in September, has dragged. read more

Shell changes senior UK leadership in global overhaul

LONDON (Reuters) – Royal Dutch Shell is changing the senior leadership of its operations in Britain as part of a global overhaul to cut costs and shift away from oil and gas to renewables and power.

Under the changes, which have been announced internally, country chair Sinead Lynch will become Shell’s global head of low-carbon fuels, a company spokeswoman said.

Lynch, who joined the Anglo-Dutch company in 2016 following its acquisition of BG Group, will be replaced by David Bunch who currently runs Shell’s retail business across Europe and South Africa. Bunch joined Shell in 1997. read more

Royal Dutch Shell to cut more than 300 North Sea jobs

By Kevin Keane: BBC Scotland energy correspondent: 12 Jan 2021

The oil giant Royal Dutch Shell is to cut 330 jobs from its operations in the North Sea.

The company said most of the posts are based at its office in Aberdeen and will be lost over the next two years.

In September, it was announced that up to 9,000 jobs would go worldwide as the company responded to the slump in demand for oil.

Shell insists it remains committed to the North Sea and will continue to invest in its operations. read more

Broadband bills will increase for thousands of Shell customers in a DOUBLE price rise

BROADBAND customers who have a contract with Shell Energy could face two price increases to their monthly bills in the coming months, the home internet provider has confirmed.

Shell Energy will increase prices for some broadband customers twice in the next six months, it has confirmed. The internet service provider has informed all customers who signed-up to one of its broadband plans before September 2, 2020 that a price hike to their home broadband and phone services will kick-in on January 11, 2020. read more

North Sea Neighbors on Opposite Ends of Shell’s Tax Bill

By Laura Hurst: 17 November 2020, 11:21 GMT: Updated on 17 November 2020, 13:14 GMT

• Energy giant gets money back from Britain for a second year
• Norway, however, taps company for more than $1 billion

Royal Dutch Shell Plc pumps thousands of barrels of oil and gas from the North Sea every day. In Norway the energy major paid over a billion dollars in tax last year, but on the U.K. side, it got more than a hundred million dollars back.

The discrepancy reflects contrasting government policies and spending by the oil and gas giant. In Norway, Shell had an effective tax rate of 78%. In Britain, it paid no corporation tax because of losses tied to investments in new North Sea fields. It also earned rebates from dismantling old platforms in the region. read more

Outlook darkens for North Sea oil and gas industry

TWO oil and gas majors provided votes of confidence in the North Sea last week but these may only provide cold comfort as the outlook for the sector gets ever bleaker.

On Tuesday BP underlined its belief in the exploration potential of the North Sea as it announced that it had returned to profit in the third quarter.

The giant included its successful bid for new North Sea exploration licences in a list of highlights for the three months to 30 September. read more