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Posts from ‘September, 2005’

The Age (Australia): Oil spill, plume cost Shell $10,000

The Age (Australia): Oil spill, plume cost Shell $10,000

“SHELL Australia has been fined $10,000 after an Environment Protection Authority investigation of two incidents at the oil giant’s Geelong refinery. The EPA said yesterday two $5000 penalty notices had been issued against Shell for breaches of its licence.”

Friday September 30, 2005

By Ewin Hannan

SHELL Australia has been fined $10,000 after an Environment Protection Authority investigation of two incidents at the oil giant’s Geelong refinery.

The EPA said yesterday two $5000 penalty notices had been issued against Shell for breaches of its licence.

The first incident occurred in May when oil leaked from a pipe on the refinery’s jetty into Corio Bay. The second involved a visible plume from the refinery’s sulphur recovery unit stack.

The EPA’s executive director of regional services, Bruce Dawson, said that while the oil spilt into the bay was a “fairly small amount, it’s something we believe further maintenance and management by Shell could have avoided”.

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Shell, Todd To Battle In Court Over Gas Field

Dow Jones Newswires: Shell, Todd To Battle In Court Over Gas Field

“WELLINGTON (Dow Jones)–Energy heavyweight Royal Dutch Shell Group’s (RD) New Zealand unit, and privately owned Todd Petroleum Mining are set to square off in court next week over who operates the Pohokura gas field…”:

Friday September 30, 2005

WELLINGTON (Dow Jones)–Energy heavyweight Royal Dutch Shell Group’s (RD) New Zealand unit, and privately owned Todd Petroleum Mining are set to square off in court next week over who operates the Pohokura gas field, the Dominion Post reported Friday.

The present operator is Shell Todd Oil Services, STOS, a joint venture owned by Shell and Todd. But Shell wants to supplant STOS and is supported by Austrian explorer OMV AG. (OMV.VI).

Shell, Todd and OMV are partners in the new gas field, expected to yield about 700 petajoules of gas over 20 years.

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Houston Shell Stations Open, Conservation Still Important

RNewswire: Houston Shell Stations Open, Conservation Still Important

“Shell Oil Products US and Motiva Enterprises LLC are pleased to report that all 400 Shell stations in Houston and the surrounding areas are open and have been refueled in record time thanks to valiant efforts by the companies’ tanker drivers, retailers, wholesalers and employees.”

Posted Friday 30 Sept 2005

HOUSTON, Sept. 29 /PRNewswire/ — Shell Oil Products US and Motiva Enterprises LLC are pleased to report that all 400 Shell stations in Houston and the surrounding areas are open and have been refueled in record time thanks to valiant efforts by the companies’ tanker drivers, retailers, wholesalers and employees. Together they worked around-the-clock to deliver 1,000 tanker loads totaling 9 million gallons of gasoline in an effort to ensure their communities were re-supplied quickly, safely and efficiently.

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Cooperation Between Shell and Aramco to Develop Refinery in Texas

Red Nova: Cooperation Between Shell and Aramco to Develop Refinery in Texas

“…Saudi Arabia and the Shell Oil Company intend to increase to 600,000 barrels the daily oil refining capacity of their Port Arthur Refinery in the American state of Texas at a cost of $3.2 billion.”

Posted Friday 30 September 2005

A-Sharq Al-Awsat newspaper quoted a notice published in mid- September 2005 by the British oil industry newspaper, “Oil Daily”, announcing that Saudi Arabia and the Shell Oil Company intend to increase to 600,000 barrels the daily oil refining capacity of their Port Arthur Refinery in the American state of Texas at a cost of $3.2 billion.

This refinery currently has a daily capacity of 235,000 barrels. The paper noted that the Royal Dutch Shell Oil Company and ARAMCO operate this refinery in cooperation via the Motiva Enterprise Oil Refining and Distributing Company.

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Shell upset over lack of warning before detonation of bomb

New Straights Times (Malaysia): Shell upset over lack of warning before detonation of bomb

“Shell Malaysia chairman Datuk Jon Chadwick, in a circular to its staff, said he was obliged to take up the matter with the police.”: “I ask for your understanding on this matter. It needs a comprehensive, non-defensive investigation — and I undertake that this will be done,” he said.

Posted Friday 30 September 2005

KUCHING, SARAWAK, Thurs.

Shell Malaysia is concerned that its staff were not warned beforehand and given time to evacuate after the police detonated a bomb near an old oil refinery in Lutong last Monday.

The blast resulted in damage to windows and other properties at the company’s office and the nearby Lutong Clinic. There were no injuries.

Shell Malaysia chairman Datuk Jon Chadwick, in a circular to its staff, said he was obliged to take up the matter with the police. “I am most concerned that we were not able to implement our normal evacuation procedures. In the event of a similar incident ever occurring in the future, we must ensure that the staff be warned beforehand and given time to evacuate. I ask for your understanding on this matter. It needs a comprehensive, non-defensive investigation — and I undertake that this will be done,” he said.

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Déjà VNU

Financial Times: Déjà VNU

“Having backed down to the demands of disgruntled shareholders at Royal Dutch Shell, Aad Jacobs, the oil company’s non-executive chairman, is expending energy on smoothing problems at another of his charges: VNU.”: “Among those questioning the timing and rationale of one of the largest acquisitions attempted by a Dutch company is Eric Knight. It was his fund management company, Knight Vinke, that led calls for change at Shell.”

Published: September 30 2005

Having backed down to the demands of disgruntled shareholders at Royal Dutch Shell, Aad Jacobs, the oil company’s non-executive chairman, is expending energy on smoothing problems at another of his charges: VNU.

The Dutch publisher and business information company’s planned €5.8bn takeover of IMS Health, a US-based pharmaceutical data gatherer, has run into investor opposition.

Among those questioning the timing and rationale of one of the largest acquisitions attempted by a Dutch company is Eric Knight. It was his fund management company, Knight Vinke, that led calls for change at Shell.

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Irish Times: Dempsey calls for end to Corrib dispute

Irish Times: Dempsey calls for end to Corrib dispute

“It is understood that legal teams for Shell and the five men were in contact last night with a view to a court hearing today which may result in the injunction being dropped.”

Friday September 30, 2005

Lorna Siggins, Marine Correspondent

Minister for the Marine Noel Dempsey has called on both sides involved in the Corrib gas controversy to “create the conditions” for a resolution, as a prelude to a possible breakthrough in the impasse.

In a statement issued last night, the Minister said he had been in contact with both Shell E&P Ireland and representatives of the five imprisoned Mayo men, following this week’s discussions at a joint Oireachtas committee and in the Dail chamber on the issue.

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Venezuela tax office threatens to halt Shell ops over 130 mln usd tax – report

AFX Europe (Focus): Venezuela tax office threatens to halt Shell ops over 130 mln usd tax – report

“Venezuela’s Seniat tax office has threatened to halt production at Royal Dutch Shell…”: “The Seniat previously ordered the temporary suspension of Royal Dutch Shell’s administrative activities in the country over VAT irregularities and requested from a local court an injunction to impound Shell’s “assets and rights”…:

Friday September 30, 2005

CARACAS (AFX) – Venezuela’s Seniat tax office has threatened to halt production at Royal Dutch Shell and other oil companies sites, reports Venezuela’s El Universal.

Head of Seniat Jesus Vielma Mora says these oil companies have refused to pay a new energy tax, approved in 2001.

Seniat is demanding 130 mln usd, the highest asked from foreign oil companies, for back taxes between 2001-04.

The Seniat previously ordered the temporary suspension of Royal Dutch Shell’s administrative activities in the country over VAT irregularities and requested from a local court an injunction to impound Shell’s “assets and rights” for the amount of 280 bln bolivars (around 130 mln usd) as part of its attempt to recover these back taxes.

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Stanford Law School: Royal Dutch Petroleum Company (Shell)

Stanford Law School: Royal Dutch Petroleum Company (Shell)

According to a press release dated September 2, 2005, Shell is to pay out $9.2 million and has agreed to make changes to its corporate governance in order to settle four lawsuits brought against it by disgruntled shareholders. However, the agreement is likely to be just the start of a new round of reserve scandal induced headaches for the company.”

September 2005

SECURITIES CLASS ACTION CLEARING HOUSE

Summary: According to a press release dated September 2, 2005, Shell is to pay out $9.2 million and has agreed to make changes to its corporate governance in order to settle four lawsuits brought against it by disgruntled shareholders. However, the agreement is likely to be just the start of a new round of reserve scandal induced headaches for the company. The $9 million agreement and commitment to corporate changes will settle a case currently pending in New York and New Jersey courts.

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ROYAL DUTCH SHELL NEWS HEADLINES SEPTEMBER 2005

ROYAL DUTCH SHELL NEWS HEADLINES SEPTEMBER 2005

Stanford Law School: Royal Dutch Petroleum Company (Shell): According to a press release dated September 2, 2005, Shell is to pay out $9.2 million and has agreed to make changes to its corporate governance in order to settle four lawsuits brought against it by disgruntled shareholders. However, the agreement is likely to be just the start of a new round of reserve scandal induced headaches for the company.”: September 2005: READ

Institutional Shareowner: Shell Doubles Cost Projections of Sakhalin II, Project Critics Redouble Opposition: “Shell is doing a very poor job on both internal governance and managing their own affairs, and communicating to their stakeholders and shareholders…”: Posted Friday 30 September 2005: READ

The Wall Street Journal: Storms to Hurt Chevron’s Profit: “Related Video: Shell Oil President John Hofmeister discusses efforts to bring hurricane-affected plants back online.”: Posted Friday 30 September 2005: READ

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Shell CEO says no Gazprom asset swap delay, seen finalized 2006

FROM OUR SHELL NEWS ARCHIVE SEPT 2005

MarketWatch: Shell CEO says no Gazprom asset swap delay, seen finalized 2006

“In July, Shell announced a preliminary swap deal with Gazprom that would give the Russian gas giant up to 25% in the Sakhalin II project in exchange for a 50% interest in its massive Zapolyarnoye-Neocomian gas field in northern Russia. But one week later, Shell, that operates the Sakhalin oil and gas project in Russia’s Far East, said it expected costs to double to $20 billion.”

Thursday 29 Sept 2005

JOHANNESBURG (MarketWatch) — The head of Royal Dutch Shell PLC (RDSB.LN) Thursday denied talks with OAO Gazprom (GSPBEX.RS) on a Russian asset swap involving the Sakhalin II project had been delayed and said he hoped to finalize the deal in 2006.

Speaking on the sidelines of a Johannesburg oil conference, he said: “Discussions have started on time, on the schedule that we announced. It will take many months and we hope to get to a result in 2006.”

In July, Shell announced a preliminary swap deal with Gazprom that would give the Russian gas giant up to 25% in the Sakhalin II project in exchange for a 50% interest in its massive Zapolyarnoye-Neocomian gas field in northern Russia.

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Shell says considering ‘new realities’ of refining

Reuters: Shell says considering ‘new realities’ of refining

“Chief Executive Jeroen van der Veer told Reuters in an interview that new refineries needed to be built. De-bottlenecking and brownfields will not be enough,” he said…”: “If you start to tax away all the upside in the oil price, then we have less money to invest.”

Thursday Sept 29, 2005

By Tom Bergin

JOHANNESBURG (Reuters) – Royal Dutch Shell Plc (RDSa.L: Quote, Profile, Research) said on Thursday the world faced a shortage of refining capacity, which may affect the oil major’s future investment plans, although he did not say whether it would build a refinery itself.

Chief Executive Jeroen van der Veer told Reuters in an interview that new refineries needed to be built.

“De-bottlenecking and brownfields will not be enough,” he said, referring to traditional techniques of squeezing more capacity from and of expanding existing refineries.

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