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Posts on ‘September 7th, 2006’

Orlando Sentinel: Oil companies not gouging, executive says

Mark Chediak | Sentinel Staff Writer   John Hofmeister, 58, president of Shell Oil Co. (the U.S. subsidiary of Royal Dutch Shell ), who was in town recently to address the Orlando Regional Chamber of Commerce. He spoke with staff writer Mark Chediak. Question: Consumers are paying more for gas while big oil companies like […]

Reuters: INTERVIEW: Shell sees decision on deepwater GOM field this year

NEW YORK, Sept 7 (Reuters) – Shell Exploration and Production Co. expects to make an investment decision on a potentially large deepwater oil and natural gas field in the U.S. Gulf of Mexico this year, a company official said. The Great White field could eventually pump 130,000 barrels of oil equivalent per day of natural […]

Dow Jones Newswires: Nigeria Oil Unions, Govt Meet on Strike Threat Thursday

By Vincent Nwanma LAGOS Thursday, September 07, 2006  Representatives of Nigeria’s two oil unions are meeting in Abuja Thursday with officials of the Ministry of Labor and other stakeholders in the oil industry, over threats by the unions to start a three-day strike from Sept. 13, a source close to the unions said Thursday. The […]

Dow Jones Newswires: Japan Companies Welcome Gazprom in Sakhalin-II

By  Mari Iwata TOKYO: Thursday, Sep 7, 2006 (Dow Jones Newswires) Japan’s Mitsui & Co. (8031.TO) and Mitsubishi Corp. (8058.TO) Thursday said they would welcome Russian gas monopoly OAO Gazprom (GSPBEX.RS) as a partner in the Sakhalin-II project. Sakhalin-II, an offshore oil and natural gas development project in the northeastern area of Russia’s Sakhalin Island, […]

Sad but true ‘Live Chat’ about Royal Dutch Shell

The following were some of the postings made on our “Live Chat” facility today. guest 8027: you sad people. guest 7828: Not sad, so much as a past victim of Shell’s criminality. guest 900: Past victim? Join the club. It has many members all around the world. Suppliers, employees and retailers. Many lives ruined or […]

MosNews: Russia Promises to Keep Existing PSAs, Says New Ones Unlikely

Created: 07.09.2006 Russia will not abandon existing production sharing agreements with foreign oil and gas companies, but it is unlikely to pursue further such deals in the future, the country’s Deputy Economy Minister Kirill Androsov said on Wednesday, Sept. 6. Androsov also said he had no information supporting speculation that gas giant Gazprom might be […]

globeandmail.com: Shell jumping back into the oil sands

PATRICK BRETHOUR Royal Dutch Shell PLC is plunging into Alberta’s oil sands again, saying yesterday that it has acquired another swath of leases to the west of the existing industry. The British oil giant, parent of Shell Canada Ltd., rocked the oil sands industry in March when it announced that it had paid $465-million for […]

TMCNet: EXXONMOBIL: OIL AND GAS WILL REMAIN MAIN WORLD ENERGY SOURCE

[September 07, 2006]  Oil and gas will continue to remain the world’s main energy source for the next 50 years, providing 60 percent of the required energy although many alternatives are there now, says an industry member. ExxonMobil’s Manager of Public Affairs, Mokhtar Daud, said that although there were alternatives like coal, hydro power, nuclear […]

Mainichi Daily News (Japan): Japanese firms keep nervous watch on Russian suit over Sakhalin II

September 7, 2006 Japanese companies involved in the Sakhalin II energy development project are anxiously watching how a lawsuit filed by the Russian government to halt it will play out. Russia’s natural resources management agency filed the suit with a Moscow court on Tuesday, seeking to annul the business license for the project, on the […]

ETHICAL CONTROVERSIES IN BUSINESS MANAGEMENT (extract relating to Royal Dutch Shell)

BY DR ROSAMUND THOMAS, DIRECTOR, CENTRE FOR BUSINESS AND PUBLIC SECTOR ETHICS, UK Presented to IV Symposium on Corporate Social Responsibility in the Americas, Cancun, Mexico July 19-20 2006 EXTRACTS My address in Cancun, Mexico, to representatives from the oil and gas industries of the Americas begins, first, with an Introduction to ‘Ethical Controversies in […]

Daily Express: Russia puts squeeze on Shell

ROYAL Dutch Shell’s key £11 billion Sakhalin project came under threat from the Russian environmental regulator yesterday, writes Andrew Johnson. The watchdog, Rospirodnadzor, has filed a suit in a Moscow court calling for work to stop at the world’s biggest liquefied natural gas project, Sakhalin-2. Shell owns 55 per cent of the project and is […]

UpstreamOnline: Sure Northern on oil sands spree

By Upstream staff Shell subsidiary Sure Northern Energy has bought five new oil sands leases in northern Alberta for C$101 million (US$92 million). The leases are near the 10 parcels that it had picked up in February for C$465 million. In July Sure bought another lease for C$5.1 million through a land agent. Sure Northern […]

The Wall Street Journal: Oil News Roundup: September 6, 2006 5:17 p.m.

THE WALL STREET JOURNAL ONLINE September 6, 2006 5:17 p.m. Crude-oil prices dropped $1.23 to $67.40 a barrel on the New York Mercantile Exchange, their lowest level in nearly five months, as worries about supplies continued to ease. Here is Wednesday’s roundup of oil and energy news. * * * BP FACES GRILLING: Already under […]

The New York Times: Oil Prices Drop as Driving Season Ends

EXTRACT: Further easing supply concerns, Shell Exploration & Production Co., a unit of Royal Dutch Shell PLC, said its Mars platform in the Gulf of Mexico, which was heavily damaged by Hurricane Katrina, is now pumping 190,000 barrels of oil equivalent per day, or 20 percent more than before last summer’s storm. THE ARTICLE By THE […]