Tag: Marvin Odum

Deals bring in $2.1 billion, additional acreage to Shell Oil Co.

Shell Oil Co. today announced a pair of deals Thursday morning in which it will give up onshore gas operations in Wyoming’s Pinedale and Louisiana’s Haynesville fields in exchange for $2.1 billion and additional acreage in Pennsylvania.  More »

EPA rule gives new boost to gas

Natural gas is poised to be one of the biggest winners of the Obama administration’s new plan to slash carbon dioxide emissions, accelerating the electric sector’s move away from coal toward the cleaner-burning power source. But natural gas industry executives weren’t eager to crow about their victory Monday.  More »

Executives to Obama: Rejecting pipeline would threaten economy

More than 160 business executives on Thursday warned President Barack Obama that rejecting the Keystone XL pipeline would send a dangerous signal to investors and threaten U.S. economic growth.  More »

Low Countries visitors have high hopes for energy

A Dutch-Flemish business delegation of more than 100 made a three-day trade visit to Houston this week, hoping to forge stronger business ties and to extend the North American energy revolution to a sometimes-skeptical Europe.  More »

Shell’s Odum:Optimistic on liquefied natural gas for transportation

In an exclusive interview with FuelFix, Shell Oil President Marvin Odum talks about the challenges and opportunities for liquefied natural gas, as the LNG17 conference gets underway in Houston.  More »

Shell promotes US natural gas by using it

As it looks to boost demand for bountiful natural gas, Royal Dutch Shell figures a good way to start is by using the fuel to power its own drilling rigs, ships and heavy trucks – with hopes of spurring others to make the same transition.  More »

Shell calls off 2013 Arctic drilling

Shell Oil Co. is calling off its plans to resume hunting for oil in Arctic waters north of Alaska this summer, after a problem-plagued drilling season that ended with the grounding of one of its rigs.  More »

Coast Guard documented 16 deficiencies on Arctic drillship

The drillship used to bore part of an Arctic oil well for Shell last summer lacked sufficient propulsion power, had engine problems and posed fire hazards, according to a Coast Guard inspection of the vessel last November and released on Friday.  More »

Shell, El Paso Pipeline Partners plan LNG export facility

Shell and El Paso Pipeline Partners plan to build a plant for exporting natural gas at the existing Elba Island LNG import terminal near Savannah, Ga. It’s the latest venture aimed at taking advantage of high Asian and European prices for the fossil fuel.  More »

Lawmaker: Did Shell move rig for financial reasons?

A top Democratic lawmaker is questioning whether financial concerns drove Shell to send the Kulluk drilling rig on its ill-fated two-week trek across the predictably stormy Gulf of Alaska in late December.  More »

Growing food needs will squeeze water resource for energy, Odum warns

During Shell’s Innovation Summit this week, Shell Oil President Marvin Odum warned that a projected 50 percent increase in global food consumption by 2030 will strain the relationship between water, food and energy.  More »

Shell Oil is committed to Arctic drilling, company president says

Although Shell Oil Co. is scrapping its plans to drill into potential oil reservoirs underneath the Chukchi and Beaufort seas this summer because of damaged spill-containment equipment, president Marvin Odum said the firm will not abandon its $5 billion quest for crude in the remote region.  More »

Odums honored for contributions to offshore business

Shell CEO Marvin Odum and his father were honored by an offshore drilling industry group for their contributions to the field.  More »

Shell launches safe shale blueprint for industry

Oil major Royal Dutch Shell has put out a set of five principles aimed at demonstrating the company’s committment to protecting the water, air and other resources in the communities where it drills and produces oil and gas using hydraulic fracturing.  More »

Feds approve Shell deep-water exploration plan

Federal regulators today approved an offshore exploration plan that would pave the way for Shell to drill five new exploratory wells in its Appomattox prospect in the Gulf of Mexico. Shell’s deep-water exploration blueprint is the second such plan to get the government’s green light since last year’s Gulf spill, when federal regulators committed to conducting environmental assessments of those proposals.  More »
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