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Posts from ‘July, 2006’

Irish Times: Shell says gas partners will ‘respond positively and in full’ to report

By: Lorna Siggins, Irish Times Published: Jul 29, 2006 Shell E&P Ireland has said that the Corrib gas partners will “respond positively and in full” to the report on the Corrib gas pipeline published yesterday by Government mediator Peter Cassells. In its strongest indication yet that it would review the high-pressure pipeline’s onshore route, the [...]

The Wall Street Journal: Exxon Profit Leaps, Adding Fuel to Political Fire

EXTRACT:  Meanwhile, Shell is in talks with the Securities and Exchange Commission about whether reserves held in gas-to-liquids projects should be booked under the regulator’s rules, Chief Executive Jeroen van der Veer said Thursday. The issue of booking is sensitive for Shell, which was forced to restate reserves fives times in 2004 and 2005.  Net Tops [...]

The Wall Street Journal: Oil News Roundup: July 28, 2006 7:36 p.m.

THE WALL STREET JOURNAL ONLINE Crude-oil futures tumbled by more than $1 a barrel, settling at $73.20 on the New York Mercantile Exchange, on renewed hopes of a resolution of the violence in the Middle East. Here is Friday’s roundup of energy-related news: * * * CHEVRON’S MISS: Chevron did its part to dissipate some [...]

Gulf Times, Qatar: Shell says plant cost could triple to almost $18bn

By Andy Critchlow & Stephen Voss DUBAI: Royal Dutch Shell, Europe’s second-biggest oil company, yesterday said the Pearl GTL project may cost as much as $18bn, triple earlier estimates. The project will cost $4 to $6 per barrel of oil equivalent to produce, The Hague-based Shell said yesterday in a statement. The venture is expected [...]

Toronto Star: Shell Canada plans to expand in oil sands despite rising bill

Jul. 29, 2006. 01:00 AM CALGARY—Shell Canada Ltd. aims to proceed with expanding its oil sands mining operation despite surging costs, and has given its partners 90 days to respond to its proposal, it said yesterday. Shell Canada, which owns 60 per cent of the Athabasca Oil Sands Project, said it believes boosting the production [...]

Daily Telegraph: Database: Energy: 29 July 2006

• British Nuclear Fuels, the UK government’s nuclear services company, stopped production at Unit 4 of its Wylfa nuclear plant. • Interconnector (UK), owner of a natural gas pipeline linking England and Belgium, will export the fuel from mainland Europe into the UK starting tomorrow to meet demand. • Royal Dutch Shell, Europe’s second largest [...]

Dow Jones Newswires: Shell Books $500 Million Charge On Yet-To-Settle Class Actions-2

Shell said the provision was in connection with the putative shareholder class actions filed in the United States District Court for the District of New Jersey. A Shell spokeswoman said the class actions were two separate action filed in the U.S. on behalf of foreign and U.S. shareholders. In January, Stichting Pensioenfonds ABP and 25 [...]

Bloomberg: Shell Says Athabasca Project May Cost C$12.8 Billion (Update3)

July 28 (Bloomberg) — Shell Canada Ltd., the country’s fourth-largest oil company, said costs to expand an oil-sands venture will rise 75 percent to as much as C$12.8 billion ($11.3 billion) on higher equipment and labor costs. A boom in oil-sands projects in Alberta has raised all facets of expanding the Athabasca Oil Sands Project, [...]

Daily Star: Shell’s £270m law bill

ROYAL Dutch Shell has set aside £269 million in an attempt to settle a massive lawsuit in America. The class action relates to the reserves scandal that rocked the company two years ago. A settlement would finally draw a line under the debacle, when the company admitted 3.9 billion barrels of oil had been overbooked. [...]

The Independent: Exxon makes history as revenues exceed $1bn a day

Rising prices help oil giants pump out massive profits Royal Dutch Shell earnings soar to £3.4bn. Exxon makes history as revenues exceed $1bn a day By Gary Parkinson, City Editor Published: 28 July 2006 Two of the world’s biggest oil companies posted massive profits yesterday on the back of soaring oil prices, making $16bn (£8.6bn) [...]

Reuters: Shell Nigeria starts repairs on leaking pipeline

Fri Jul 28, 2006 2:32 PM GMT   ABUJA (Reuters) – The Nigerian arm of Royal Dutch Shell has started work on repairing a pipeline where a leak has forced the shutdown of 210,000 barrels per day (bpd) in oil output, a spokesman said on Friday. Shell is losing 180,000 bpd because of the leak [...]

Malcolm Brinded Powerpoints Presentation supplied by a Shell Insider

A laugh for the weekend… For adults only Malcolm Brinded spoof

PressandJournal.co.uk: Shell Brent Bravo: UNIONS CALL FOR WATCHDOG TO FACE PROBE:

KEITH FINDLAY 27 July 2006   A Union leader yesterday called for a thorough inquiry into the role of the Health and Safety Executive (HSE) on North Sea oil and gas platforms. Graham Tran, regional officer for Amicus, claimed the HSE had neither the resources nor the independence it needed to improve and police safety [...]

Press & Journal.co.uk: Talks on offshore safety concerns

Trade unions have held a meeting with health and safety officials in Aberdeen to discuss concerns about the offshore industry. The talks followed a report into the deaths of two workers on Shell’s Brent Bravo platform in which a sheriff criticised the company. The Oil Industry Liaison Committee, Transport and General Workers Union and the [...]

MENAFN: Qatar Petroleum & Shell GTL project to cost $18 billion

MENAFN – 28/07/2006      (MENAFN) Qatar Petroleum and Royal Dutch Shell announced they would proceed with the Pearl gas-to-liquids (GTL) project, an integrated development, transport and processing hub for Qatar North Field gas resources, Gulf News reported. Just months ago the status of the project was cast in doubt amid rising costs worldwide for oil [...]