Posts on ‘August 10th, 2006’

CALGARY, ALBERTA, Aug 10, 2006 ATCO Structures Inc. has been awarded Phase Two of a major contract to manufacture, supply and install high quality workforce housing for an additional 1,660 tradespeople and management personnel at Shell’s Athabasca Oil Sands Project (AOSP) Upstream Expansion #1 north of Fort McMurray, Alberta. Manufacturing of the modules required for [...]

EXTRACT: Jeroen van der Veer, Chief Executive of Royal Dutch Shell, added: “Today’s announcement is another clear demonstration of our long-term commitment to partnering with the State of Qatar to deliver Qatari natural gas and GTL products to markets around the world. It is also evidence of our commitment to leverage leading Shell technology in [...]

By Austin Ekeinde PORT HARCOURT, Nigeria (Reuters) – Two oil industry contractors, one Belgian and one Moroccan, were kidnapped by armed men in Nigeria’s southern delta on Thursday, the fourth such abduction in a week. The wave of kidnappings of foreign workers in the world’s eighth largest exporter follows a series of attacks on oil [...]

London, 10 August: The Russian government has said it will take legal action to halt the construction of oil and gas infrastructure on the island of Sakhalin, citing environmental concerns. Sakhalin II is the second major oil and gas project to be built on the Pacific island by Sakhalin Energy, a consortium headed by Shell. [...]

11 August 2006 BP is shutting down its huge Prudhoe Bay oilfield, in Alaska, after a pipeline leak. And as Prudhoe accounts for around for 8 per cent of US domestic production, the impact on global markets has been immediate. Oil hit $77 a barrel, and shares in Europe and the US dipped. BP has [...]

Published Comment 10 August 2006  As a long term Shell shareholder I am extremely concerned by the serious allegations made by the former Shell International Group Auditor, Mr Bill Campbell, concerning alleged falsification of records in relation to the Shell Brent tragedy. We really cannot have a distinguished former high level Shell official being allowed [...]

EXTRACT: The HSE has launched an investigation into a complaint from offshore workers’ union OILC that Royal Dutch Shell was slow to act on a report detailing corrosion at its North Sea Brent Bravo platform. THE ARTICLE Thu 10 Aug 2006 NICK BEVENS DESPITE soaring profits and record oil prices, some oil and gas producers are [...]

By Raymond J. Learsy Last quarter BP’s earnings stood at $7.3 billions. Another record. Earnings continue at stupendous levels yet much good that has done for the care and maintenance of their Alaska pipeline infrastructure. The level of mismanagement, purposeful or otherwise, has Rep. John Dingell (D. Michigan) calling for congressional hearings and expressing his [...]

New Zealand is inviting Royal Dutch Shell and ExxonMobil Corp and other natural gas producers to send rigs to one of the most inhospitable seas on Earth. New Zealand’s government has sought bids to explore in the Great South Basin, off the nation’s southern coast. The area was last explored during the oil shocks of [...]

Nigeria is losing about 800,000 bpd of oil production because of militant violence and pipeline leaks at Royal Dutch Shell Plc and Chevron Corp. The combined quantity of disrupted production is worth $63mn a day, or $1bn every 16 days, using the spot price for Nigeria’s Bonny Light crude oil. The disruptions are eating into [...]

EXTRACT: China, which has tripled oil imports in the last five years, has enough coal for 100 years. Royal Dutch Shell, Europe’s second-largest oil company, and Sasol are investing in plants in China with domestic coal companies. THE ARTICLE Thursday August 10, 2006   NEW YORK – Coal, the hard, black byproduct of fossilised plants [...]

EXTRACT: •BP Now No. 2: Adding insult to BP’s injury, Royal Dutch Shell has surpassed BP as Europe’s largest listed oil company. THE WALL STREET JOURNAL ONLINE August 9, 2006 5:56 p.m. Oil futures rose sharply, topping $77 a barrel, on the New York Mercantile Exchange in reaction to a report of a bigger-than-expected draw [...]

August 10, 2006    NATURAL RESOURCES Up 0.3% Falconbridge, the Canadian nickel and copper miner, has formally backed a $21.2 billion (£11 billion) offer from Xstrata, the Swiss-based miner that it had once spurned as a suitor, as it closed the door on Inco, the rival Canadian bidder. Royal Dutch Shell, the Anglo-Dutch oil group, [...]

EXTRACT: A series of attacks by the Movement for the Emancipation of the Niger Delta (MEND) in February forced Royal Dutch Shell to evacuate hundreds of staff from the western delta, reducing output by about 500,000 barrels a day. THE ARTICLE                 LAGOS (Reuters) – Two Norwegians and two Ukrainians were kidnapped at gunpoint from [...]

(AP) – After suffering in recent years from one mishap after another, Anglo-Dutch oil major Royal Dutch Shell has overtaken its cross-London rival BP PLC as Europe’s biggest oil company. Shell boasted a market capitalization of 128.33 billion pounds ($244.61 billion) at Wednesday’s close in London, based on the number of shares in issue at [...]