Shell mum on flow from oil pipeline leak

LONDON Mon Aug 15, 2011 4:04pm IST

Apartment windows are seen behind a logo at a Shell petrol station in central London July 29, 2010. REUTERS/Toby Melville/Files

Apartment windows are seen behind a logo at a Shell petrol station in central London July 29, 2010.

Credit: Reuters/Toby Melville/Files

Related Topics

LONDON (Reuters) - Royal Dutch Shell said an oil leak from a ruptured pipeline into the North Sea was slowing but refused to say how much oil has already leaked into the sea.

Oil from the Anglo-Dutch oil major's pipeline has been spilling into the sea since last Wednesday but the rate of flow has been reducing since the company shut off the well the same day.

A spokesman for Shell on Monday declined to comment on how much oil has leaked, although Alex Salmond, leader of the Scottish regional government, told the BBC on Saturday that around 100 tonnes of oil or about 750 barrels had spilt.

That compares with almost 5 million barrels which gushed into the Gulf of Mexico from BP's blighted Macondo well last year.

Shell's shares were trading up 0.5 percent to 2,017 pence at 0958 GMT, marginally lagging the European index of oil and gas companies which was 0.7 percent higher.

"We don't know how much has actually spilled but it seems to be contained at this point. It has a negative impact but it's a relatively small impact," Macquarie analyst Jason Gammel said.

The oil sheen from the leak 180 km off the coast of Aberdeen covered an area of around 37 square km, said Shell's spokesman.

He said waves were dispersing the oil naturally but that Shell had equipment and despersant on standby to use if required.

"The Scottish Government is closely monitoring the situation and is being kept fully informed of any developments. Marine Scotland officials have attended Shell's Emergency Room and are participating in the Operations Control Unit," a Scottish Government spokesman said.

Shell said it plans to issue another statement about the leak later on Monday.

(Reporting by Sarah Young; Editing by David Cowell)

FILED UNDER:
  • Most Popular
  • Most Shared

Pending Reform

REUTERS SHOWCASE

Power Theft

Power Theft

India to invest $4 billion to tackle power theft  Full Article 

Debt Funds

Debt Funds

India monitors foreign flows into debt funds, may tighten rules  Full Article 

Bulgari Back in India

Bulgari Back in India

CEO: we shouldn’t have left India so we’re back  Full Article 

 Hindu "Modi-fication"

Hindu "Modi-fication"

Fears grow about Hindu "Modi-fication" of education  Full Article 

Weak Credit

Weak Credit

Hard to hit tax revenue target, credit weak - Jaitley  Full Article 

China Rate Cut

China Rate Cut

China surprises with interest rate cut to spur growth  Full Article 

Gold Imports

Gold Imports

RBI cautious on response to gold import surge  Full Article 

Economic Corridor

Economic Corridor

China commits $45.6 billion for economic corridor with Pakistan  Full Article 

Overseas Funds

Overseas Funds

RBI says overseas borrowed funds can be parked with banks in India  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device  Full Coverage