Shell
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Photos of the 1,000-ton drilling rig being placed in its spot atop the Mars oil platform in the Gulf of Mexico. The drilling rig was damaged during Hurricane Katrina. The photos are from Shell. (Shell)
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Shell's Mars platform, right, is being repaired by a crew on The Hermod, a Heermena crane vessel, left, Wednesday in the Gulf of Mexico. Early next week, crews will use cranes to lift the toppled drilling rig in two parts. Sharon Steinmann / Houston Chronicle HOUCHRON CAPTION (11/20/2005) SECBIZ COLORFRONT: CLEANUP JOB: The heavy-lift vessel Hermod, left, prepares to remove the 1,000-ton drilling rig that collapsed atop Shell's Mars platform in the Gulf of Mexico. For hours the platform was lashed by 175-mph winds generated by Hurricane Katrina (HOUSTON CHRONICLE)
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A Shell worker builds a welding shed Thursday, Jan. 11, 2007, aboard the Shell Mars Platform about 130 miles south of New Orleans, La., in the Gulf of Mexico. (Photo by Brett Coomer / Houston Chronicle) (HOUSTON CHRONICLE)
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According to Shell USA, this floating platform currently under construction in this Wednesday, Aug. 5, 1998 photo off the Caribbean coast of Curacao will be the world's deepest ocean oil rig. Once completed, it will be towed to a 4,000 foot deep submarine off the coast of New Orleans, USA. Shell has a 45 percent stake in the dlrs 1.45 billion project, while British Petroleum owns 23 percent, and Conoco and Exxon each own 16 percent. (AP Photo/Henky Looman) HOUCHRON CAPTION (09/13/1998): Shell USA's Ursa offshore platform, shown in August under construction off the coast of Curacao in the Caribbean Sea, will be the world's deepest ocean oil rig. British Petroleum, Conoco and Exxon are partners in the $1.45 billion project, which will be deployed in the Gulf of Mexic 4,000 feet above the sea floor. HOUSTON CHRONICLE SPECIAL SECTION: ENERGY. (AP)
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Timewise employees hold cars in line at Timewise Shell station at 511 Lockwood, where Shell was giving away 15 gallons of free gas to customers, Wednesday, Sept. 28, 2011, in Houston. The event lasted from 7a.m. until 8:30a.m. in Houston, and was repeated in four cities nationwide. The event was designed to showcase the benefits of high quality gas, according to Shell spokesman Sergio Roldan. "This event was to showcase the benefits of high quality gas to help customers protect their vehicles and same money on gasoline." ( Karen Warren / Houston Chronicle ) (Houston Chronicle)
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Jose Veloz gives the "thumbs up" from the drivers side of his Suburban as Timewise employee Sunny Ajose finishes pumping free gas for him at a Timewise Shell station at 511 Lockwood, where Shell was giving away 15 gallons of free gas to customers, Wednesday, Sept. 28, 2011, in Houston. The event lasted from 7a.m. until 8:30a.m. in Houston, and was repeated in four cities nationwide. The event was designed to showcase the benefits of high quality gas, according to Shell spokesman Sergio Roldan. "This event was to showcase the benefits of high quality gas to help customers protect their vehicles and same money on gasoline." ( Karen Warren / Houston Chronicle ) (Houston Chronicle)
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Timewise employee Becky Hunter celebrates after giving away free gas at a Timewise Shell station at 511 Lockwood, where Shell was giving away 15 gallons of free gas to customers, Wednesday, Sept. 28, 2011, in Houston. The event lasted from 7a.m. until 8:30a.m. in Houston, and was repeated in four cities nationwide. The event was designed to showcase the benefits of high quality gas, according to Shell spokesman Sergio Roldan. "This event was to showcase the benefits of high quality gas to help customers protect their vehicles and same money on gasoline." ( Karen Warren / Houston Chronicle ) (Houston Chronicle)
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Timewise employee Becky Hunter celebrates after giving away free gas at a Timewise Shell station at 511 Lockwood, where Shell was giving away 15 gallons of free gas to customers, Wednesday, Sept. 28, 2011, in Houston. The event lasted from 7a.m. until 8:30a.m. in Houston, and was repeated in four cities nationwide. The event was designed to showcase the benefits of high quality gas, according to Shell spokesman Sergio Roldan. "This event was to showcase the benefits of high quality gas to help customers protect their vehicles and same money on gasoline." ( Karen Warren / Houston Chronicle ) (Houston Chronicle)
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President and CEO of Edison Chouest Offshore, Gary Chouest (R-L) gives Shell Alaska Vice President, Pete Slaiby a tour of Shell Hull 247 at the Edison Chouest Offshore's North American Shipbuilding facility in Larose, La. (Chronicle)
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Shell Hull 247 pictured at the Edison Chouest Offshore's North American Shipbuilding facility in Larose, La. (Chronicle)
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Shell Alaska Vice President, Pete Slaiby (L-R) talks with President and CEO of Edison Chouest Offshore, Gary Chouest just after taking a tour of Shell Hull 247 at the Edison Chouest Offshore's North American Shipbuilding facility in Larose, La. Slaiby and Chouest are pictured in front of an unnamed vessel under construction at the facility. (Chronicle)
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Shell Alaska Vice President, Pete Slaiby (L-R) talks with President and CEO of Edison Chouest Offshore, Gary Chouest just after taking a tour of Shell Hull 247 at the Edison Chouest Offshore's North American Shipbuilding facility in Larose, La. Slaiby and Chouest are pictured in front of an unnamed vessel under construction at the facility. (Chronicle)
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Bill Soplu of Kaktovik, Alaska, demonstrates the use of one of several DP (dynamic positioning) simulators used to help train employees for work on large vessels at the Edison Chouest Offshore ship builing facility in Larose, La. Soplu, a deckhand for Edison Chouest Offshore, is in training to become an OSV (offshore service vessel) mate on Shell Hull 247. (Chronicle)
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Billy Pellegrin, QHSE Manager for Edison Chouest Offshore in Galliano, explains how the DP (dynamic positioning) simulator works to help train employees for work on large vessels. The simulator is one of several located at the Edison Chouest Offshore ship building facility in Larose, La. (Chronicle)
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Mary Dokianos of Shell Oil Co. photographs Brutus, a tension leg platform used for oil and gas drilling and production, at a construction facility in Ingleside, Texas, Tuesday, April 24, 2001. The total cost for the platform is expected to be about $760 million. The huge platform, with a 245-foot-by-245-foot deck nearly the size of two football fields side by side and about 40 feet above the water, will be working in 2,985 feet of the Gulf of Mexico. (AP Photo/Eric Gay) (AP)
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An undated file photograph shows a Shell oil company worker on an offshore oil platform in the Niger Delta, Nigeria. Leading non-Saudi oil exporters Russia, Nigeria and Mexico have pledged to boost production to offset rising oil prices and Nigeria's Presidential Advisor on Petroleum and Energy, Edmund Dakouro, has said his country could pump an additional 300,000 barrels a day of crude oil within 40 days, if the market needs it. (AP Photo/ Shell). HOUCHRON CAPTION (06/01/2004): A Shell employee works on an offshore oil platform in the resource-wealthy Niger Delta, which is plagued with violence. (AP)
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FILE--This undated file photo shows the Trident 8 oil rig in the Niger Delta, Nigeria. Militant youths took hostage dozens of oil workers, including at least eight foreigners, at a drilling rig off the coast of West Africa, but released them all Monday Aug. 27, 2001, Shell Oil said. (AP Photo/HO, Shell) (AP)
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CONTACT FILED: OIL RIGS-TEXAS. 04/17/2000 - The Deepwater Nautilus, billed as one the world's largest and most sophisticted semisubmersible oil rigs , dwarfs the pier in the Port of Galveston. The rig stands at about 35 stories tall and its crew quarters accommmodate 130 people. It is shown from Pelican Island across from its berth at Pier 39 &40 . The Deepwater Nautilus is in Galveston for final commissioning and loadout before commencing its five year contract with Shell Deepwater Development, Inc. in the Gulf of Mexico. (Melissa Phillip/Chronicle) HOUCHRON CAPTION (04/18/2000): The Deepwater Nautilus, a semisubmersible oil rig, arrives Monday in Galveston Bay. The rig, which stands 35 stories tall and houses 130 people, will undergo final commissioning at Pier 39/40 before beginning a five-year contract with Shell Deepwater Development Inc. in the Gulf of Mexico. (Houston Chronicle)
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The view from the Shell offshore drilling platform Brutus, off the south Louisana coast, looking out towards another large platform. 12/12/03 (Karl Stolleis/Houston Chronicle) (Houston Chronicle)
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Shell Oil's Mars platform is being repaired by a crew on The Hermod, a Heermena crane vessel. Workers are preparing the toppled drilling rig on Shell's Mars platform in the Gulf of Mexico for removal with cranes early next week. Sharon Steinmann / Houston Chronicle (HOUSTON CHRONICLE)
Royal Dutch Shell Plc, Europe’s largest oil company, is losing about $1 billion a year from drilling delays in the Gulf of Mexico since the 2010 Macondo disaster.
Shell’s production in the region will be curbed by about 50,000 barrels of oil equivalent this year, similar to 2011, Chief Financial Officer Simon Henry said. The company expects to return to planned operations off the Gulf coast by 2014.
“The cash flow implications are a billion dollars or more per year relative to where we want to be,” Henry said in London today. “We are catching up.”
The company, which in March said it planned to raise output to 3.5 million barrels of oil equivalent a day in 2012, is now warning that production could be lower due to Gulf drilling delays, asset sales and oil and gas prices in the U.S.
The U.S. Interior Department issued new safety regulations after lifting the drilling moratorium in October 2010 put in place after BP Plc’s Macondo well exploded in April the same year. The blowout, which killed 11 and sank the drilling rig, led to hundreds of lawsuits against BP and its partners and contractors.
So what’s the problem?
They’ll just make it up at the pump!
That’s $1 billion the company would be SPENDING and therefore generating JOBS directly and indirectly. Not to mention the taxes and royalties it would be paying to the government. But that money, taxes, and jobs are rounding errors to our government.
Seek restitution from BP!
@Mike: clueless much? Upstream (E&P) operations are distinctly separate from downstream (refining, transporting & retailing). Losses to E&P operations are not “made up” at the pump. But go on ahead spouting your litany and propagating the public misperception that ‘the evil oil companies are out to screw us’.
This would be hard to swallow if they owned the Gulf
“So what’s the problem?
They’ll just make it up at the pump!”
Go study how integrated oil companies make their money, it’s not from the pump.
But I’m the cause of $4 a gallon gas? I told you that rising gas prices are all caused by O’bozo, the EPA and other wacky agencies that prevent and delay exploration, drilling and refining.
Why is the biggest export item for the USA in 2011? Answer is gasoline. Why are we exporting it if we running out of oil?
We currently have extra capacity to make gasoline. Better to export it than just shut down the refineries. Importing oik to make product for export is a good thing, preserving American jobs, and making money for the country.
Shell, overall, does not seem to be hurting. Safety regulations, for them, they ask why?
So Shell…a EUROPEAN company..Is supposedly losing 1 Billion a year and its Obama’s fualt again?
I am skeptical about Shell’s number about them “Losing” any type of money. The might have not produced as much as they wanted this qurter because the drilling permits stopped….But they are not “Losing” the oil…that is still there. There is just a delay in producing because of the delay in drilling permits…..If the Price of Oil goes to $150 when they actually start producing the oil reserves that they wanted to produce presently then they would not be “losing” anything but rather gaining, even with the deduction of the time value of money.
SlimChance, we have to import the oil to refine it into gasoline and other products. The U.S. imports raw materials and then makes them into finished products and can then export those finished products. It would be better if we did not have to import the raw materials since that would mean more jobs in the U.S..
Yea Obama, he’s our guy!
Everybody I know’s wondering why…
The man couldn’t cause a dog fight if you spotted him two starving dogs and one piece of bloody meat.
The losses Shell is suffering come from a number of factors that arent based on the oil and gas in the ground. Companies like shell, exxon, chevron, etc. Have drilling rigs under multiyear contracts. This means that they are paid regardless of whether the company drills or not. There are numerous other factors to including paying contractors under contracts, employee salaries who are currently idled but to valuable to let go, increasing prices for materials…… The petroleum industry is far more complicated thank you realize.
@Frank
The losses Shell is suffering come from a number of factors that aren’t based on the oil and gas reserves in the ground. Companies like shell, exxon, chevron, etc. Have drilling rigs under multiyear contracts. This means that they are paid regardless of whether the company drills or not. There are numerous other factors to including paying contractors under contracts, employee salaries who are currently idled but to valuable to let go, increasing prices for materials…… The petroleum industry is far more complicated thank you realize. So is it Obamas fault for the losses in a way the answer is absolutely “YES”. This is because the Obama Admin has deliberately held up and slowed downed the permits issued for drilling.
Superficial or absolute reality? You don’t lose what you don’t have. You don’t pay for what you don’t get.
Considering the damages, injuries, and deaths to its the industries’ own employees and others, caused by a lack of safety measures and funding, isn’t it made necessary for the administration to deliberately hold up and slow down permits issued for drilling till it is made sure it is done in a proper and safe manner?
Of course some of those here have been trained to think like their corporate big brother would think, but haven’t those “big brothers” PROVEN themselves to be untrustworthy? They consider their quest of profits over everything else. The welfare of this country, its environment, its people, its employees be damed.
How can you lose money on something you are not doing. The headline should be “Shell could be making money”. I can see the hurt though, every barrel of oil pulled from the Gulf is routed via the Mid East where it picks up that nasty $100 a barrel price tag. Then it is refined in the USA and sold at a big markup at the gas pump. Yep,,,,they are losing that mark up money. Anybody hear of any oil company promising low fuel pump prices or just “we need our independence from foreign oil” meaning …..they need the cheap(?) free spigot from the Gulf.
That’s $1B, for just one company for just one year. The bigger impact will come in years to come, because of the decrease today in seismic re-processing and prospect generation. Obama’s jerk-knee politically motivated action will cost this country billions and billions of dollars for years to come. The Community Organizer is in over his head.
Thank you, soon-to-be former President Obama.
I am a Democrat. Of course anyone can whine about imaginary losses. Doesn’t make it so. I notice right wing posts are not even thinking about the 5 trillion dollars America is losing because corps like SHELL follow the Bush (daddy and son) corp Dick Cheney plan to fight inflation (inflation = workers wages are too high) by firing Americans from the work force and hiring only illegal aliens, with special teams from government and business nationwide, to legally advise and guide “how to fill out w2′s and I-9′s and keep the corp policy from being established or proven”. Bottom Line, USA has lost and is losing Trillions of dollars in tax income because of SHELL and its Fortune 500 corps practices of financial WAR against the American Worker.
@CAD1936 – Should airlines be held to the same standard every time a plane crashes? If so, we’d better get used to Amtrak. Oh, wait, trains crash, too. Hm. Guess I’m staying home.
This garbage that Obama is spouting is malicious if not outright lies. He wants exploration and production? What a crock!
It sounds as though Mr. Henry is attributing the 50 MBPD domestic production shortfall (and hence the billion dollar shortfall) to three factors rather than just the deep water drilling moratorium. It was also due to asset sales and low domestic prices.
CAD1936;
Considering that the worst damage EVER perpetrated on the environment was done by a not-for-profit government (Chernobyl), considering that the most heinous crimes EVER committed against the citizens of any nation were done by not-for-profit socialist folks (20 million slaughtered by Stalin, at least 40 million in China), I’d say you haven’t proven a thing. History, on the other hand, has proven otherwise.