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Posts on ‘September 3rd, 2006’

Reuters: Nigerian oil delta seethes as militants are buried

Sun 3 Sep 2006 3:54 AM ET
By Estelle Shirbon

OPOROZA, Nigeria, Sept 3 (Reuters) – Masked rebels from Nigeria’s oil producing Niger Delta vowed revenge against the government and oil companies during the weekend funerals in remote mangrove forests of nine militants killed by troops.

Near Oporoza, a village of thatched wooden huts accessible only by boat through a maze of creeks, a dozen gunmen in black balaclavas watched from their speedboats while three white coffins were buried in a freshly cleared patch of jungle.

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The Daily Telegraph (Australia): Senator seeks petrol retail review

September 04, 2006 12:00

FAMILY First senator Steve Fielding wants to limit the amount of service stations that companies can own, in a bid to cut petrol prices.

Senator Fielding says he will introduce this week amendments to the Petroleum Retail Legislation Bill, now before Parliament.

“We as politicians have to make sure that we create a framework that allows competition and allows independence to survive. At this stage we’re not,” Senator Fielding said today.

Senator Fielding is proposing a competitive framework for petrol service stations, so that no one company can own more than 25 per cent of the market.

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The Wall Street Journal: Sakhalin Output May Be Banned

September 4, 2006

MOSCOW — Russian authorities may order the Sakhalin Energy international energy consortium to stop pumping oil if it doesn’t correct environmental violations registered over the past year.

Russian officials said they are still several steps away from actually halting production at the venture. Analysts called the possible move an attempt to increase pressure on Royal Dutch Shell PLC, which is at loggerheads with Russian state-owned natural-gas concern OAO Gazprom over an asset swap involving Sakhalin Energy. Shell owns 55% of the consortium, while Japan’s Mitsui & Co. Ltd. holds a 25% stake and Japan’s Mitsubishi Corp., holds 20%.

read more Academics speak out against Shell conference sponsorship


Members of 10 research and working groups of the Royal Geographical Society yesterday expressed their serious concern at the Society’s continued links to oil giant Shell against the backdrop of the corporation’s ongoing exploitative behaviour in Ireland and the Niger-Delta.

The academics held an impromptu meeting at the RGS’s annual conference in London where they heard how Shell has formed a consortium to exploit the Corrib natural gas field off the west coast of Ireland. The usual way to process gas is to do so on a rig off shore. The consortium, however, is instead attempting to build a dangerous, experimental pipeline to pump raw, untreated gas straight from the seabed over land to a huge refinery which they plan to build 6 miles inland in the Mayo Gaeltacht. To do this it would be necessary for them to go through a residential area.

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Peak Oil Piques Interest? By William Jorgensen

Peak Oil Piques Interest? 

Comment in relation to the recent topic in The Wall Street Journal: Oil News Roundup: September 1, 2006 4:59 p.m. Peak Oil Piques Interest: ‘Peak-oil’ doomsayers have long been dismissed by oil companies and others, but they are starting to catch the ear of some on wall Street, Bloomberg reports.

Comment by William Jorgensen

I should think so. With several billionaires shifting a large percentage of their interest into alternative energy and oil exploration, the writing’s on the wall. The Saudi Ghawar field dropped an “inexplicable” .8% last month, if this continues for a year then the downside prediction on Hubbert’s Peak will have been realised.


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Sunday Telegraph: Gammell to chair Cairn’s Indian arm (*another Shell management blunder)

EXTRACT: The company has been active in India for more than a decade, but it was not until 2004 that it bought, for a marginal sum, the stake it did not own in the Rajasthan acreage from Royal Dutch Shell. Cairn struck gold when it discovered the Mangala field, which holds 1.1bn barrels of oil.


By Sylvia Pfeifer
(Filed: 03/09/2006)

Sir Bill Gammell, the chief executive of Cairn Energy, the Scottish oil and gas explorer, will become chairman of its Indian subsidiary when it lists on the Bombay Stock Exchange later this year.

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TheBusinessOnline: Libya offers global energy groups $7bn licence deal

By Danelle Wyper
03 September 2006
LIBYA’S state-owned National Oil Company (NOC) is to issue up to 60 new licences to international energy companies, allowing them rights to explore for oil and gas in return for a commitment to invest more than $7bn (£3.6bn, E5.45bn) over the next 10 years.

Officials from NOC met oil executives in London last week, with details of five new auctions to be held over the next three years. These are aimed at stimulating investment in exploration activity in the country.

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3 September 2006

SHELL is reintroducing the chip and pin system that was axed at its 600 petrol stations after more than £1million was stolen from customers’ bank accounts.

The petrol giant has been trying to make the system foolproof for FOUR months. Meanwhile, customers have been paying for their petrol by swiping and signing in the old way.

Chip and pin is meant to be tamper-proof – but Shell suspended the system in May after a massive fraud was uncovered at some of its garages in the South of England.

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Daily Sun (Nigeria): Shell must bury our murdered kinsmen, Ijaw leaders insist

Saturday September 2, 2006 National Index 

Crisis is again looming in the Niger Delta as Ijaw Youths Leadership Forum have asked Shell Petroleum Development Company (SPDC) to take-over the responsibility of burying their fifteen kinsmen, including two Chiefs who were brutally massacred by the Joint Military Task Force, August 20 this year.

The dead bodies presently at a private morgue in Warri, Delta State were killed at Letugbene village in Ekeremor Local Government area of Bayelsa State.

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