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Posts on ‘September 14th, 2006’

Daily Mail: Shell fined £73m over price fixing

14 September 2006 ROYAL Dutch Shell, which had been enjoying a brief respite from regulators, has been fined £73m by the European Commission for its part in a cartel that fixed prices of road bitumen for eight years. The EU fined 14 companies a total of £180m. Shell’s fine was the heaviest, and was raised […]

Shell Whistleblowers Helpline (perhaps a bit late in the light of recent events)

(The Wall Street Journal sketch above is reproduced in accordance with our “Fair Use Notice) Friday, 15 September 2006 By Alfred Donovan With news of Shell being fined $138 million by the EU for masterminding an illegal cartel, this seems like an appropriate time to write an article about the introduction of the “Shell Global […]

Bloomberg: Gazprom to Expand in Sakhalin Amid Talks With Shell (Update1)

By Torrey Clark Sept. 14 (Bloomberg) — OAO Gazprom, the world’s largest natural-gas producer, signed its first cooperation agreement with Russia’s Sakhalin region, where the company is in talks to join Royal Dutch Shell Plc’s $20 billion project. The island’s administration agreed to support Gazprom’s bids for onshore and offshore licenses and Gazprom agreed to […]

crikey.com: Yes, Virginia, there really is an oil cartel

Date: Thursday, 14 September 2006 Michael Pascoe writes: As every populist raving about petrol prices knows, there’s been an evil Big Oil cartel operating against the best interests of consumers. What the populists perhaps didn’t know is just what price they were conspiring to fix – Dutch bitumen. As the BBC reports the European Commission […]

The Minnesota Daily: The end of the global warming debate

September 14, 2006 With the debate over, the media need to stop giving the skeptics airtime. By Holly Lahd To take a line from Fox News, “fair and balanced” journalism is a hot topic in our extremely polarized society right now. To avoid charges of bias from both the left and the right, the media […]

The San Diego Union-Tribune: Shell pitches ‘energy security’

Timetable is offered for Baja arrival of LNG By Diane Lindquist UNION-TRIBUNE STAFF WRITER September 14, 2006 Shell Oil executives said yesterday that the company’s first supplies of liquefied natural gas to fuel Baja California and California power plants will start arriving at a Baja California re-gasification facility by the third quarter of 2008. V. […]

The Canadian Press: A basin full of huge oil potential

Exploration well drilling starts in Newfoundland’s Orphan area By JAMES STEVENSON CALGARY — Drilling has started on the very first exploration well in the Orphan Basin, a massive and relatively unknown area in the Atlantic Ocean northeast of St. John’s, N.L., in what one partner described Wednesday as a “wild bet” to find vast oil […]

Reuters: Qatar Oryx GTL project ‘delayed’

Reuters – 13/09/2006 Technical problems have delayed commissioning of the Oryx gas-to-liquids plant in Qatar and the plant’s output will not reach the market until the first quarter of next year, the plant’s operator said. Previously the plant had been scheduled to start selling fuel this year but problems with a super heater have caused […]

UpstreamOnline: Shell scoops Malaysia awards

   (Shell Malaysia chairman Saw Choo Boon)  By Russell Searancke 14 September 2006 Shell Malaysia’s upstream and downstream assets won multiple awards including the grand prize at a Malaysian Society for Occupational Safety and Health (MSOSH) ceremony. At an awards presentation on 8 September, Shell’s Labuan crude oil terminal garnered the Grand Award, the top […]

Asahi Shimbun (Japan): Sakhalin II is already a year behind schedule

YUZHNO-SAKHALINSK, Russia–A huge Sakhalin gas and oil project led by Royal Dutch/Shell Group and Japanese trading houses Mitsui & Co. and Mitsubishi Corp. has been suspended by a Russian ministry. Asahi Shimbun Published: Sep 14, 2006 Sakhalin II, which is expected to produce 9.6 millions tons of liquefied natural gas, the equivalent of 10 percent […]

Financial Times: Groups fined over bitumen cartel: Shell received by far the biggest fine, €108m

By Tobias Buck in Brussels Published: September 14 2006 03:00 | Last updated: September 14 2006 03:00 Shell, Total and 11 other companies were yesterday fined a total of €267m ($339m) after the European Commission found they had fixed prices in the Dutch market for road bitumen. A cartel brought together eight suppliers and five […]

Financial Times: Energy companies asked to aid scheme

By Fiona Harvey Published: September 14 2006 03:00 | Last updated: September 14 2006 03:00 Energy companies will be asked by the governmentto contribute to a £500m scheme to research new low-carbon forms of energy. Detailed plans for an Energy Technologies Institute, promised in this year’s Budget by Gordon Brown, will be set out today. […]

The Times: Stop Press: Firms fined for fixing bitumen prices (including a €108 million penalty for Shell)

September 14, 2006    Europe’s top antitrust authority fined 14 companies a total of €266.7 million (£180 million), including a €108 million penalty for Shell, for fixing prices of road surface material bitumen in the Netherlands. Four of the firms said that they intended to appeal. Shell received the biggest fine, while its French peer […]

The New York Times: Bureaucratic Bungling Gave Big Oil Royalty Break

By REUTERS Published: September 13, 2006 Filed at 3:44 p.m. ET WASHINGTON (Reuters) – Big oil companies were able to avoid paying the government billions of dollars in royalties normally due on drilling leases in the Gulf of Mexico because of ”bureaucratic bungling” at the U.S. Interior Department, the department’s inspector general told Congress on […]