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Posts from ‘February, 2006’

THE NEW YORK TIMES: Supreme Court Clears Oil Companies

By THE ASSOCIATED PRESS Published: February 28, 2006 Filed at 3:31 p.m. ET WASHINGTON (AP) — The Supreme Court on Tuesday threw out a lawsuit that accused two oil companies of inflating gas prices by at least $1 billion. Justices unanimously said gas distributors did not prove that Chevron Corp. and Shell Oil Co., a […]

THE NEW YORK TIMES: Court Rejects Shell, Texaco Venture Liability

By REUTERS Published: February 28, 2006 Filed at 10:40 a.m. ET WASHINGTON (Reuters) – The U.S. Supreme Court ruled on Tuesday that Shell Oil Co. and Texaco Inc. cannot be held liable under the antitrust law for their now-defunct joint ventures that had been approved by the federal government and that set the selling price […] U.S. PIRG PLAN FOR ARCTIC WILDERNESS RESOLUTION AT SHELL AGM THWARTED

ARTICLE BY JOHN DONOVAN Zack Brown, an Arctic Wilderness Associate for the U.S. Public Interest Research Group arrived in London last Wednesday morning on an overnight flight from Washington DC. The sole purpose of his mission was to purchase sufficient shares in Royal Dutch Shell plc to enable a resolution to be submitted for inclusion […] ADDED TO SHELL ARCHIVE FILE: Case vs Shell: Complainant Maria Victoria C. Medina

APRIL 2004 A FORMER employee of Pilipinas Shell Petroleum Corp. has filed a complaint for illegal dismissal against the company and two of its officers with the National Labor Relations Commission. Complainant Maria Victoria C. Medina, former communications manager of Shell, was served notice of termination effective Dec. 15, 2003. In a statement, Medina complained […] ASIA PULSE THREATENING LETTER

Dear Mr Donovan, My name is Caroline Buckingham and I am the Sales Executive with Asia Pulse Pty Ltd. I have noticed a large volume of Asia Pulse material on your web site & have also noticed that you are offering free redistribution of our material via your web log. I wish to draw […] Dow Jones threats against Royal Dutch Shell Plc .com

Selene H. Costello Esq. Dow Jones & Company 200 Liberty Street, 9″‘ Floor New York, NY 10281 ( 212)416-2197 Fax (212) 416-2524 [email protected] December 15,2005 Via First Class Mail Letter to: Mr. Alfred Donovan 847A Second Avenue New York, NY 10017 Dear Mr. Donovan: Re: Unauthorized Use of The Wall Street Journal head cuts on […] Archive: Analysis March 2004: Royal Dutch Shell restates its oil reserves

National Public Radio Morning Edition March 19, 2004 Analysis: Royal Dutch Shell restates its oil reserves Edition: 10:00-11:00 AM BOB EDWARDS, host: The troubles for Royal Dutch Shell keep growing. The price of Shell stock slid further yesterday after the company again announced that its estimated oil and gas reserves are lower than presumed and […]

WWF: EBRD should not fund Shell’s Sakhalin project

28 Feb 2006 London, UK – WWF is urging the European Bank for Reconstruction and Development (EBRD) not to fund Shell’s Sakhalin II project in Russia's Far East. In its submission to the EBRD’s public consultation, WWF has highlighted where the project’s environmental and social standards fail to stand up to those the Bank was […]

Vanguard (Nigeria): Nigerian violence may delay OPEC cuts …MEND to escalate state of insecurity

By Hector Igbikiowubo with Agency reports Posted to the Web: Tuesday, February 28, 2006 VIOLENT unrest in Nigeria that has led to about 30 per cent cut in the country’s crude output could persuade OPEC to maintain its level of oil output at a near historic high when it meets next week, an energy analyst […] Shell Denies Report Of Attack On Nigerian Oil Facilities

LONDON -(Dow Jones)- Royal Dutch Shell PLC (RDSB.LN) said Monday its oil facilities in Nigeria haven't suffered any fresh militant attacks, adding that 455,000 barrels a day, or 19% of Nigeria's daily production, remained shut in because of attacks in past weeks. A media report earlier Monday said another attack on a Shell oil facility […]

Business Week: China: Is Beijing Greedy for Oil?

By Wenran Jiang Western countries are quick to blame China's growing energy needs for rising prices. Instead, they should try to capitalize on it with new solutions China's growing appetite for energy has caused widespread concern in the West. The Middle Kingdom is blamed for the sharp increase in global oil prices in the past […]

Hartford Courant (USA): Fighting For Nigeria's Oil Wealth

Poverty Amid Wellheads Spawns Militant Group Promising More Attacks February 28, 2006 By EDWARD HARRIS, Associated Press BIRIYA-AMA, Nigeria — This village of palm-frond huts in Nigeria's southern Niger Delta sits atop one of Africa's richest energy deposits, but has electricity only when one of its young men paddles a canoe to the nearest city […]

Birmingham Business Journal: Settlement proposed in case involving gasoline that damaged gauges

People who bought Motiva gasoline from stations in Alabama, Florida, Louisiana and Mississippi during a three-week period in 2004 may be eligible to share in a settlement, says a notice ordered by a federal court in Louisiana. The proposed settlement of a lawsuit against Shell Oil Co. and Motiva Enterprises LLC, in which neither defendant […]

Daily Independent (Nigeria): Transparency And The Oil Dilemma

At a fundamental level, however, oil stands for the paradox of Nigeria's underdevelopment; the frustrating riddle of how, given our immense human, natural and material resources, our people are at the bottom of all the major indices used in measuring the quality and quantity of human development. Thus while we are one of the largest […]

THE BUSINESS JOURNAL (FLORIDA): Gasoline companies to refund for broken gauges

Floridians who are among those whose automobile gas gauges broke after buying gasoline at a Shell or Texaco station last summer may be eligible for money back on repairs, missed work or other damages. The U.S. District Court for the Eastern District of Louisiana has ordered defendants including Shell Oil Co. and Motiva Enterprises to […]

THE NEW YORK TIMES: Nigeria Militants Foresee More Violence

By THE ASSOCIATED PRESS BIRIYA-AMA, Nigeria (AP) — This village of palm-frond huts in Nigeria's southern Niger Delta sits atop one of Africa's richest energy deposits but has electricity only when one of its young men paddles a canoe to the nearest city to buy fuel for a generator. School is held in a cement-block […]

Lloyds List: Disruption caused by militants lowers world oil supply

Feb 28, 2006 OIL supply disruptions such as those caused by Nigerian militants threaten to hurt crude demand and spot tanker rates, warns a leading New York shipbroker, writes Tony Gray. Poten ' Partners says that successful attacks on export facilities by rebel groups have shut in at least 450,000 barrels per day from Shell's […]

Fortune Magazine: A Shell of itself

It should be the best of times for the energy giant. But a look at its reserves show Royal Dutch Shell may soon be running on empty. By Nelson D. Schwartz, FORTUNE senior writer February 27, 2006: 1:24 PM EST (FORTUNE Magazine) – Judging by the $23 billion it earned last year, these should be […]

Yahoo! News: Shell locked in bitter legal battle over pollution in Nigeria

LAGOS (AFP) – Anglo-Dutch giant Shell, which is locked in a bitter legal battle over environmental damage in Nigeria's oil-rich southern Delta, is appealing against a hefty 1.5-billion-dollar (1.2-billion-euro) fine for pollution. On Friday, the federal high court in the southern city of Port Harcourt slapped the fine for environmental pollution on the company following […]

New Vision Online: Shell (U) loses case to former employee

Monday, 27th February, 2006 By Hillary Kiirya THE Supreme Court has thrown out an appeal by Shell (U) seeking to challenge a Court of Appeal decision that declared its former employer’s dismissal illegal. The court also ordered Shell to pay costs amounting to about sh150m to Eng. George Ndyabawe. Five judges in a judgement delivered […]

THE NEW YORK TIMES: Oil Falls on Iran Deal Hopes, Still Alert on Saudi

By REUTERS Published: February 27, 2006 Filed at 2:02 a.m. ET SINGAPORE (Reuters) – Oil fell more than 1 percent on Monday as dealers cautiously weighed a “basic'' nuclear deal agreed by Iran and Russia, but fears over Saudi supplies after last week's thwarted al Qaeda attack checked losses. U.S. oil futures for April delivery […]

Nigerian Tribune: Niger Delta crisis worries Saraki

KWARA State governor, Dr. Bukola Saraki, at the weekend expressed concern over the activities of militants in Niger Delta, noting that 25 per cent loss in oil production by Shell is a threat to the nation’s economy. Dr. Saraki, who expressed the concern while signing the state 2006 budget of N35.71 billion into law, said […]

Reuters: Iran to grant gas contracts to European firms

TEHRAN (Reuters) – Iran will next week grant Total (TOTF.PA: Quote, Profile, Research), Shell (RDSa.L: Quote, Profile, Research) and Repsol (REP.MC: Quote, Profile, Research) upstream development contracts in the giant South Pars gas field in the Gulf, an Iranian state oil firm said on Saturday. Iran intends to use phases 11 and 13 of South […]

AFX News Limited: Iran says will award gas contracts to Shell, Total, Repsol soon

TEHRAN (AFX) – Shell, Total SA and Repsol YPF SA will soon sign contracts with Iran to develop two phases of the Islamic republic's offshore South Pars gas field, an Iranian official. 'The contracts will probably be signed in the current (Iranian) week,' said Akbar Torkan, the managing director of the state-run Pars Oil and […]

The BusinessOnline: Amerada Hess sells oil assets

By Richard Orange 26 February 2006 US oil company Amerada Hess has put about $300m (E252m, £171.8m) of its North Sea oil assets up for sale, making it the second North American oil company to cut back investment in the North Sea since Chancellor Gordon Brown slapped a 10% extra tax on oil producers in […]

Financial Post – Canada: Royal Dutch Shell appeals US$1.5B pollution fine imposed by Nigerian court

Royal Dutch Shell PLC, Europe's second-largest oil company, said it believes it has “strong grounds” to appeal a reported US$1.5-billion fine a Nigerian court has ordered it to pay the country's Ijaw people for environmental damage. The court ordered Shell to make the payment following claims for compensation from the Ijaw dating back to 2000, […]

RPWEB: Irish Residents Keep Shell Oil at Bay

San Francisco, CA (PRWEB) February 24, 2006 — Five residents of County Mayo, Ireland, were jailed for blocking Shell Oil Company and their Irish Government partner’s plans to pipe raw gas through their communities and close to their family homes. Shell Oil plans to build a giant processing plant on one of the county’s most […]

The Observer: Shell banks on Russian energy revolution

The vast gas reserves controlled by Vladimir Putin give his nation enormous global influence. But he needs the Anglo-Dutch oil giant's help to fully exploit his position, reports Nick Mathiason Sunday February 26, 2006 In July Russia's President, Vladimir Putin, will welcome the leaders of the world's seven richest nations to Moscow. At the top […]

THE WALL STREET JOURNAL: Thwarted Attack At Saudi Facility Stirs Energy Fears

Officials Worry Terrorists Are Targeting Oil System; Crude Futures Jump 4% By BHUSHAN BAHREE and CHIP CUMMINS February 25, 2006; Page A1 A foiled attack Friday on a Saudi oil-processing facility reinforced a dire concern for the U.S. and the energy industry: that terrorists are looking to score a direct hit on one of the […]

THE WALL STREET JOURNAL: Nigerian Militants Present One of Their Nine Hostages

Associated Press WARRI, Nigeria — Armed militants holding nine foreign oil workers hostage in Nigeria showed one of them to reporters for the first time Friday, a 68-year-old American who said he and his colleagues were being treated well. Three Americans, two Egyptians, two Thais, one Briton and one Filipino have been missing since they […]

THE WALL STREET JOURNAL: Framing the Issue: Unrest Behind Oil's Rise

A thwarted attack on a massive oil facility in Saudi Arabia rattled oil markets Friday, pushing up crude-oil futures by more than $2 a barrel. THE BACK STORY: Heavy demand has kept the price of oil at about $60 since the end of July 2005. But lately, political concerns have been the primary driver of […]

THE NEW YORK TIMES: Oil Climbs 4 Percent on Saudi Attack

By REUTERS LONDON (Reuters) – Oil jumped more than $2 on Friday after news of a suicide bomb attack at the huge Abqaiq oil facility in Saudi Arabia, which triggered worries about supply from the world's top crude producer. At least two cars exploded at the gates of the Abqaiq site when security forces fired […]

THE NEW YORK TIMES: Armed Group Shuts Down Part of Nigeria's Oil Output

By LYDIA POLGREEN Published: February 25, 2006 IN THE NIGER DELTA, Nigeria — They have, by all appearances, just a handful of boats, some machine guns and grenade launchers and, perhaps equally important, an e-mail address. Macon Hawkins of Kosciusko, Tex., an employee of a pipe-laying company, is a hostage of the Movement for the […]

THE NEW YORK TIMES: Iran Promises Answers on Atomic Work: Diplomats

By REUTERS Published: February 25, 2006 BERLIN/TEHRAN (Reuters) – U.N. nuclear experts arrived in Iran on Saturday after Tehran promised answers to outstanding questions about work the U.N. fears could be linked to atomic ''weaponisation,'' Western diplomats said. Separately, two diplomats said Tehran had begun operating 10 uranium enrichment centrifuges at its Natanz plant in […]

The Independent: IN BRIEF: Sakhalin project wins approval

The Independent – United Kingdom; Feb 25, 2006 Shell's $20bn(pounds 11bn) Sakhalin project off Russia's eastern coast was boosted when it emerged that an environmental impact report for the European Bank for Reconstruction and Development was broadly favourable.

Daily Telegraph: Grounds to appeal Nigerian Fine

Database Legal • London's plan to provide wireless networking throughout the City may expose companies to security breaches and legal action, lawyers believe. • Former Morgan Crucible chief Ian Norris lost his legal challenge to Britain's extradition arrangements with the US. • Royal Dutch Shell said it believes it has “strong grounds” to appeal a […]

Reuters: Shell Canada suspends production at oil sands mine

CALGARY, Alberta (Reuters) – Shell Canada Ltd. (SHC.TO: Quote) has halted production at its Muskeg River oil sands mine to repair a conveyor belt that was damaged on Friday, the company said. The Calgary-based firm said bitumen production at the mine, which supplies feedstock to the Scotford upgrading refinery near Edmonton, Alberta, won't be restarted […]

The Guardian: Shell told to pay Nigerians $1.5bn pollution damages

· Oil giant will appeal against court decision · Kidnap and sabotage cripple production Rory Carroll, Africa correspondent Saturday February 25, 2006 A Nigerian court yesterday ordered Royal Dutch Shell to pay $1.5bn (£858m) in damages for polluting the Niger delta, a fresh blow to the company which was already reeling from a kidnap crisis […]

The Times: Sakhalin: application could be turned down

A report published by the European Bank for Reconstruction and Development today said Shell's plans for oil and gas pipelines in eastern Russia had environmental shortcomings. Reuters reported. The bank is considering whether to extend a loan to the Shell-led Sakhalin Energy consortium for the $20 billion Sakhalin-2 project. The application could be turned down […]

The Times: $1.5bn Shell Nigeria fine upheld

By Rhys Blakely and agencies The Nigerian Federal High Court today ordered Shell, the Anglo-Dutch oil company, to pay $1.5 billion (£859m) to the Ijaw people of the country’s Bayelsa region. The Ijaw were first made the award in 2000 for environmental damage to their homeland in the Niger Delta through Shell’s oil exploration. Shell […]

BORNEO POST: MHS helicopter catches fire, aborts take-off

“The ill-fated Super Puma was airlifting 11 employees of Shell and its contractors when it ran into trouble and crashed into the South China Sea during a routine flight to the offshore gas production platform B11 in Bintulu waters at noon.” Published by  24 February 2006 FROM THE BORNEO POST By Philip Kiew and […]

The Guardian: Shell linked to £2bn takeover of wind turbine firm

· Shares in Vestas rise 6% on rumours of symbolic step · Move comes amid rising interest in green energy Terry Macalister Friday February 24, 2006 The oil major Shell was linked yesterday to a possible $3.5bn (£2bn) takeover of a leading wind turbine manufacturer, adding to the excitement around the alternative energy sector. The […]

BBC NEWS: Shell told to pay Nigeria $1.5bn

A Nigerian court has ordered oil multinational Shell to pay $1.5bn to the Ijaw people of the Delta region. The Ijaw have been fighting since 2000 for compensation for environmental degradation in the oil-rich region. They took the case to court after Shell refused to make the payment ordered by Nigeria's parliament. Ijaw militants have […]

MarketWatch: Shell told to pay Niger Delta's Ijaw people $1.5B in compensation

(Updates item published at 1314 GMT with comments from Shell) LONDON (MarketWatch) — A Nigerian court has ordered oil multinational Royal Dutch Shell PLC (RDSB.LN) to pay $1.5 billion to the Ijaw people of the Niger Delta region, the BBC reports on its Web site Friday. The Ijaw have been fighting since 2000 for compensation […]

Daily Telegraph: Top 10 questions for this year's agm

TheHopeReport Well, here we go again. It's the time of year when the chairmen of some of our biggest companies prepare to face their shareholders at this year's annual meeting in the next 12 weeks. Those of us who cling to the belief that shareholder democracy is still alive at UK plc attend these meetings […]

Denver Business Journal: Shell pursuing oil shale idea for money-maker here

Cathy Proctor Shell Exploration & Production Co. said it's pulled high-quality crude oil from Colorado's vast oil shale reserves but is still a few years away from determining whether oil shale is commercially viable in the long run. The giant oil company, perhaps the furthest ahead in research on freeing oil locked in layers of […]

UPI: Analysis: Shell gives Wall Street jitters

UPI Energy Watch By ANDREA R. MIHAILESCU UPI Energy Correspondent Royal Dutch Shell, which ranks third among the top five Western oil companies, could face a serious challenge in securing additional reserves, a prevalent fear among Wall Street analysts. Whether Shell is able to replenish reserves will determine the company's ability to maintain growth and […]

The Herald (Scotland): Shell could still commit to extra rig in North Sea

MARK WILLIAMSON February 24 2006 The head of Shell's UK business said the oil giant could commit to taking on an additional drilling rig in the North Sea this year although tax rates are set to rise sharply from April. James Smith, chairman of Shell UK, told The Herald the North Sea remained a “crucial” […]

AFX Europe (Focus): Shell declines comment on Vestas bid talk

LONDON (AFX) – Royal Dutch Shell PLC declined to comment on speculations it is plotting a bid for Vestas Wind Systems AS, the world's biggest manufacturer of wind turbines. “We don't comment on market rumours,” said a Shell spokeswoman. The Anglo-Dutch oil giant, through Shell Renewables, is rumoured to be planning to launch a 200 […]

Financial Times: Cairn Energy defies oil sector dip by virtue of renewed takeover talk

Home UK Print article | Email article ——————————————————————————– Main page content: Cairn Energy defies oil sector dip by virtue of renewed takeover talk By Robert Orr andPeter Garnham Published: February 24 2006 02:00 | Last updated: February 24 2006 02:00 Cairn Energy bucked a falling oil sector yesterday as renewed takeover speculation pushed the oil […]

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