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Royal Dutch Shell plc (RDS.A)

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  • Jan. 10, 2013, 5:44 PM
    Shell (RDS.A, RDS.B) may have moved the Kulluk oil rig that ran aground off Alaska last week to avoid millions of dollars in taxes, Rep. Ed Markey says, raising more questions about the company's timing of the move. Shell could have been exposed to state taxes if the rig had remained in Alaska until Jan. 1; Markey figures the liability could have been ~$6M.
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  • Jan. 9, 2013, 5:16 PM
    Production from wells in Royal Dutch Shell's (RDS.A, RDS.B) ultra-deepwater Perdido Hub in the Gulf of Mexico is now reaching more than 115K boe/day, nearing total capacity, Shell's Marvin Odum says. Shell is operator of the project considered the deepest spar in the Gulf of Mexico; Chevron (CVX) and BP own large stakes.
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  • Jan. 9, 2013, 4:49 PM
    Interior Secretary Ken Salazar calls Shell's (RDS.A, RDS.B) series of Alaska problems "troubling" and raises questions about the resumption of Arctic drilling later this year. Salazar, who yesterday ordered a 60-day assessment of Shell’s drilling in the Beaufort and Chukchi seas, says potential damage to the Kulluk rig after it ran aground may force further delays in Arctic exploration.
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  • Jan. 8, 2013, 4:58 PM
    The U.S. Interior Department says it will review oil and gas exploration in Alaska’s Arctic waters after the grounding of the Royal Dutch Shell (RDS.A) drilling rig and other equipment mishaps. Interior Secretary Ken Salazar says the high-level assessment of drilling will be completed in 60 days. It's not yet clear how the review might affect Shell’s 2013 plans in the region.
    | 4 Comments
  • Jan. 8, 2013, 11:46 AM
    Shell’s (RDS.A -0.6%) stricken Kulluk rig has pulled into safe harbor, but the successful rescue hasn’t stopped criticism from raining down. Shell doesn’t have the chops for Arctic exploration, FT's Lex column says, imploring oil companies considering far-north drilling to hold back until the technology is developed that can reduce the risks.
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  • Jan. 7, 2013, 6:45 PM
    Royal Dutch Shell (RDS.A, RDS.B) and Statoil (STO) are racing to build the world's first subsea gas compression unit, a key building block in a drive to make platform-free offshore production a reality within a decade. If the technology succeeds, Arctic developments could be the main beneficiaries and could mitigate some of the concern over drilling in harsh environments.
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  • Jan. 7, 2013, 10:48 AM
    Shell (RDS.A -0.6%) has refloated its stranded Kulluk rig and says the next phase of the recovery will depend on the unit’s stability and the weather conditions. But until the rig is successfully moved, it's open season on Shell’s Arctic plans. Greenpeace gives eight reasons why Shell can’t be trusted in the Arctic, and Center for American Progress offers a timeline it says shows Kulluk isn't an isolated incident.
    | 1 Comment
  • Jan. 7, 2013, 5:11 AM
    Shell's (RDS.A) Kulluk oil-drilling ship,which ran aground near a remote Alaska island, has been refloated. Salvage teams attached a tow line to the vessel yesterday and should be able to start moving it soon, weather permitting. Crew members have not found any breaches to the Kulluk's fuel tanks, although seawater has leaked on board.
    | 1 Comment
  • Jan. 6, 2013, 4:41 AM
    The market is "nervous" about oil drilling in the Arctic, a leading Shell (RDS.A) shareholder says, as there would be "hell to pay" if there was a spill. The shareholder adds that investors are "pretty fed up with their (Shell's) 'spend more and more money' strategy," and want to see higher output and profit. Shell has received permission to move the stricken Arctic drilling ship Kulluk, although there's no word on when that will happen.
    | 16 Comments
  • Jan. 4, 2013, 11:11 AM
    Shell's (RDS.A) offshore Alaska Kulluk rig accident has led to calls from environmentalists and some lawmakers for a halt in Arctic energy programs, but might shareholders agree? The only thing Shell has to show for its $4.5B spent in the difficult locale is two top holes. For that kind of investment, Christopher Helman says Shell could have bought into a U.S. shale play and already be generating cash flow and volumes.
    | 1 Comment
  • Jan. 3, 2013, 3:46 PM
    Shell (RDS.A, RDS.B) is on top of the PR battle with its runaway rig off the coast of Alaska, perhaps learning from some of the mistakes made by BP during the Gulf of Mexico spill (Twitter updates: @KullukResponse). But Shell hasn’t convinced World Wildlife Fund's Margaret Williams, who says the Kulluk grounding shows Shell isn’t ready for the Arctic.
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  • Jan. 3, 2013, 9:45 AM
    The Noble Bully 1 (NE) is a new type of drill ship developed by Royal Dutch Shell (RDS.A) that helps extract oil at once-inaccessible ocean depths. It's a ~30K-ton vessel as long as two football fields whose design helps Shell drill wells faster, more safely and at a lower cost than ever before, and is part of the technological revolution helping North America's oil and gas boom.
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  • Jan. 2, 2013, 8:00 PM
    Royal Dutch Shell's (RDS.A) Arctic fleet is facing some key challenges from U.S. regulators this month. In addition to the anticipated blowback from its Kulluk drilling rig running aground off the Alaskan coast, the company's drilling contractor revealed the Coast Guard had raised concerns regarding "deficiencies and maintenance issues" on its other drilling rig, the Noble Discoverer.
    | 1 Comment
  • Jan. 2, 2013, 4:52 PM
    A small sign of the market’s confidence that Shell's (RDS.A +0.4%) rig mishap off the Alaska coast doesn’t pose a big threat to the pro-drilling consensus: Shares in both Shell and rig operator Noble (NE +3.8%) finished up today. The accident didn’t occur in the Arctic, and it didn’t involve a well the way the BP disaster did, so the Arctic still looks like fair game for oil exploration under a Democratic president.
    | 1 Comment
  • Jan. 2, 2013, 2:43 PM
    Royal Dutch Shell (RDS.A -0.2%) and emergency responders are preparing to send a salvage crew to an oil rig that ran aground off the coast of Alaska. Still no sign any of the 150K-plus gallons of the rig's fuel and lubricating oil is leaking; the weather has cleared enough that responders will soon be able to board the rig to make assess any damage. (video)
    | 4 Comments
  • Jan. 2, 2013, 9:47 AM
    Is Shell's (RDS.A, RDS.B) floating oil rig stranded off the coast of Alaska with 143K gallons of diesel fuel an example of safe industry practices or the risk of potential disaster in Arctic drilling? No spill is seen so far after overflights in the area, but "oil companies keep saying they can conquer the Arctic, but the Arctic keeps disagreeing with the oil companies."
    | 5 Comments
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Company Description
Royal Dutch Shell PLC is an integrated oil & gas company. The Company explores for & extracts crude oil, natural gas and natural gas liquids. It also liquefies and transports gas.