Filed under: Uncategorized | Tags: Chevron, crude oil, energy, Exxon, fracking, James Hamilton, oil, oil production, peak oil, Royal Dutch Shell, Shell, WSJ
via James Hamilton via WSJ: http://econbrowser.com/archives/2014/01/big-oil-companies-spending-more-and-producing-less
Filed under: Uncategorized | Tags: Carolyn Tucker, Colorado, energy, kerogen, oil, oil shale, peak oil, pie in the ground, proven reserves, Royal Dutch Shell
Said spokesman Martin Skrtel, speaking at Shell’s headquarters in Den Hague, “It was always just a really stupid, non-starter of an idea. You’d have to be a scientific illiterate to believe that cooking “oil shale” to create crude oil could have a positive energy balance. Still, we thought we could buy off enough legislators to create, how should we say, a conducive fiscal atmosphere that would make the scheme a profit-maker for us. But now we have abandoned even those plans…”
Ha ha that was satire. What they really said was different:
A month after Royal Dutch Shell’s U.S. subsidiary said it would pursue its oil shale research project in Colorado while selling off other oil and gas assets, the company has reversed its decision.
“There’s been a shift in our oil shale project,” spokeswoman Carolyn Tucker said Tuesday.
“The energy market has evolved since Shell first started its oil shale research project in 1981. We plan to exit our Colorado oil shale research project in order to focus on other opportunities and producing assets in our broad global portfolio,” she said in an email.
“Our current focus is to work with staff and contractors as we safely and methodically stop research activities at the site,” she said.
The announcement regarding the closure of Shell’s oil shale research and development work comes as the company announces plans to put its assets on the market across the United States, including oil and gas assets in northwestern and southeastern Colorado.
Shell on Aug. 1 reported a 60 percent drop in second-quarter results — largely due to a $2 billion write-down of its North American shale assets due to “the latest insights from exploration and appraisal drilling results and production information.”
Filed under: Uncategorized | Tags: Alaska, Beaufort Sea, Coast Guard, energy, Kulluk, oil production, peak oil, Royal Dutch Shell, Shell
‘Season full of headaches:’
Adding to a season full of headaches for Shell Alaska’s debut offshore-drilling program in the U.S. Arctic, the company’s Kulluk drill rig was stuck Friday in monster seas off the coast of Alaska as its tugboat’s engines failed and the Coast Guard cutter that came to assist became entangled in a towline.
There were no immediate threats to crew or equipment, but Shell Alaska was rushing additional aid vessels to the scene as the Kulluk, which drilled the beginnings of an exploratory oil well in the Beaufort Sea over the summer, sat without ability to move forward in 20-foot seas about 50 miles south of Kodiak.
Don’t freak out, but this is what Peak Oil For All Intents And Purposes looks like.
Filed under: Uncategorized | Tags: Ahoy, Avast!, backstroke, CH4, F'NG, FLiNG, FLNG, George H. W. Bush, green, green gas, liquified natural gas, LNG, Michael Phelps, Natural gas, natural gas production, offshore Australia, OMG, Royal Dutch Shell, Shell, swimming, talk like a pirate, WHOA, zero hedge
Floating Liquified Natural Gas Facility (FLNG).
Shouldn’t that be FLNGF? Don’t pretend there’s no F-word on the end. Wouldn’t all of our acronyms be so much better if we could just make up the rules as we go along.
Developed after 10 years of research, using 600 engineers, and 1.6 million man-hours (182.5 years equivalent), Shell has manged to compact the size of a traditional LNG plant to a quarter of its land size. As Wired explains: “by stacking components vertically and using deep-sea water to cool the gas to its liquid state, the FLNG saves dramatically on deck space and enables the whole facility to occupy an area of roughly 4 football pitches: 28,500 square meters. One of its most innovative features involves the the plant’s unique location: an assembly of eight one-meter diameter pipes will extend 150m below the ocean’s surface, delivering around 50 million liters of cold seawater an hour, used to cool the gas.”
Filed under: Uncategorized | Tags: arctic oil spill, blowout, Chukchi, Chukchi Sea, corexit, Deepwater Horizon, Department of Interior, oil spill, Royal Dutch Shell, Salazar, Shell
Department of Interior press release provides this link to Shell’s spill response plan which was approved on Feb. 17:
A copy of Shell’s OSRP for the Chukchi Sea is available at: http://www.bsee.gov/OSRP/Shell- Chukchi-OSRP .aspx.
But clicking on the DOI’s link to the OSRP (Oil Spill Response Plan) for the Chukchi Sea leads to this NO PAGE FOUND business:
I guess we’ll just have to trust the department’s “fact sheet.” The “fact sheet” says everything is just great.
Filed under: Uncategorized | Tags: American Petroleum Institute, kerogen, oil shale, Royal Dutch Shell, Shell
Hey, with “the right policies,” we can make this resource available to Royal Dutch Shell. “Right policies” would include taxpayer subsidies and environmental de-regulation. Then they can sell 100k bpd or so. Never mind that it could very well take over 100k bpd equivalent to make 100k bpd of oil out of Colorado kerogen. And there is no water available to do anything, let alone process “oil shale.” But with the “right policies” … anything is possible.
Note — “oil shale” is not “shale oil.” “Oil shale” is not oil and usually not shale either.