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Posts from ‘October, 2006’

Financial Times: Front Page: BP knew of safety problems, says report

By Sheila McNulty in Houston: Published: October 31 2006 02:00 | Last updated: October 31 2006 02:00 BP knew it had “significant safety problems” at its Texas City refinery and 34 other locations around the world well before last year’s deadly explosion at the Texas plant, US investigators said in a damning report yesterday. The […]

New Zealand Herald: Oil: Price keeps on falling

8.40am Wednesday November 1, 2006   Oil fell below US$58 a barrel on Tuesday, deepening sharp losses from the previous session on easing tensions in Nigeria, ample US fuel stocks and lingering doubts over Opec output cuts.   US light crude fell 78 cents to US$57.58 a barrel by 1812 GMT, after trading down to […] Niger Delta Impacted by 1.5 Million Tons of Oil Spill, Among Five Most Polluted Spots on Earth

Vanguard (Lagos) NEWS October 31, 2006 Posted to the web October 31, 2006 By Hector Igbikiowubo With Agency Report THE Niger Delta has been impacted by 1.5 million tons of crude oil spill over the last 50 years threatening rare species including primate fish, turtles, bird and damaging crops while destroying the livelihood of many […]

RIA Novosti: Russian Audit Chamber, UK ambassador discuss Sakhalin II

20:14 | 31/ 10/ 2006  MOSCOW, October 31 (RIA Novosti) – The head of Russia’s Audit Chamber and the British ambassador to Russia held talks Tuesday to discuss Sakhalin II, a huge oil and gas project in Russia’s Far East led by British-Dutch oil major Shell. The multibillion-dollar Sakhalin II project has been accused of […] University of Rochester won’t invest in Sudan

EXTRACT: UR’s board of trustees investment committee agreed earlier this month “to prohibit direct investments in companies identified as supporting the Sudanese government’s activities in Darfur,” according to its new policy. The policy comes with a list of 28 firms, such as Siemens AG, Royal Dutch Shell and Sudan Telecom, that UR no longer will […]

HindustanTimes: Deora invites Russians for oil projects in India

EXTRACT: Another project, Sakhalin-2, which is headed by Royal Dutch Shell, has run into ecological controversies that caused the Russian Natural Resources Ministry to suspend its environmental operating license in September… Russian Natural Resources Minister Yury Trutnev said on Sunday that an environmental probe of the Sakhalin-1 project has been delayed, while the ministry deals […] Protesting villagers leave Shell facilities in Nigeria

POSTED: 1417 GMT (2217 HKT), October 31, 2006 PORT HARCOURT, Nigeria (AP) — Angry villagers who took over three Shell oil installations in Nigeria’s troubled southern delta region vacated the facilities Tuesday after a six-day occupation, a community spokesman said. Elsewhere, however, a group of villagers who occupied a facility run by the Agip oil […]

MarketWatch: Japan trading houses Mitsubishi, Mitsui benefit from commodities boom

Last Update: 5:34 AM ET Oct 31, 2006 (Updates with details of other trading companies’ earnings, possible problems for firms.) TOKYO (MarketWatch) — Japanese trading companies Mitsubishi Corp. (8058.TO) and Mitsui & Co. (8031.TO) Tuesday posted sharp increases in fiscal first-half net profit and raised their outlooks amid booming commodities prices. Mitsubishi Corp., Japan’s biggest […]

MarketWatch: Over C$110 Billion of New Oil Sands Developments Have Been Proposed In Northern Alberta Canada

Last Update: 10:30 AM ET Oct 31, 2006 DUBLIN, Ireland, Oct 31, 2006 (BUSINESS WIRE) — Research and Markets ( has announced the addition of Alberta Oil Sands: Projects, Production and Cost to their offering. In one (large) page, we summarize over 70 projects at various stages of development for Canadian oil sands operators. […] Stephanie Boyd or Stephanie Boyde?

By John Donovan On 23 October we published a leaked email from a senior Shell manager, Stephanie Boyde. It therefore took my eye when a Shell insider brought the following article to my attention. It just goes to show what a difference an “e” can make. This article may have relevance to postings made today […]

New York Times: U.S. Drops Bid Over Royalties From Chevron

By EDMUND L. ANDREWS October 31, 2006 WASHINGTON, Oct. 30 — The Interior Department has dropped claims that the Chevron Corporation systematically underpaid the government for natural gas produced in the Gulf of Mexico, a decision that could allow energy companies to avoid paying hundreds of millions of dollars in royalties. The agency had ordered […]

UpstreamOnline: Nigerian workers threaten to down tools

By Upstream staff Nigerian unions today threatened to shut all oilfields operated by Italian oil company Agip unless it paid staff a security bonus reflecting the rising risks of working in the Niger Delta. The strike threat came as protesters left two of the four oil pumping stations they were occupying in Rivers State, and […]

The Moscow Times: EU Seeks Clarity on Energy Projects

Tuesday, October 31, 2006. Issue 3530. Page 1. By Miriam Elder Staff Writer     EU Energy Commissioner Andris Piebalgs urged Russia on Monday to improve its investment climate and cautioned that the country needed a lot of cash quickly if it hoped to meet the growing European demand for natural gas. A senior U.S. official, […]

The Times: Stern warning: The review on climate change marks a turning point

October 31, 2006 There is much talk, some of it vacuous, about a “tipping point” for the global climate. But the debate has certainly reached a tipping point. The Treasury has published Sir Nicholas Stern’s review when public concern is mounting and all three main political parties are scrambling to claim a green mantle. Sir […]

The Times: BP had a “checkbook mentality” towards safety

Natural resources  October 31, 2006 Need to Know BP had a “checkbook mentality” towards safety and was aware of maintenance backlogs and unsafe equipment at Texas City years before the fire that killed 15 workers in 2005, said US safety officials.  US crude oil futures fell more than $2, dropping under $59 a barrel, as […]

Daily Telegraph: BP ‘ignored safety risks over refinery disaster’

(Lord Browne: facing demands to testify in a Texas court) By Russell Hotten, Industry Editor Last Updated: 1:11am GMT 31/10/2006 An interim report into a fatal oil refinery explosion accuses BP of ignoring “catastrophic safety risks” and of knowing about “significant safety problems” at another 34 facilities around the world.   The US Chemical Safety […]

The Guardian (UK): ‘Final piece in the jigsaw’

Tuesday October 31, 2006 Scientists “This should be a turning point in a debate which has pitted short term economic interests against long-term costs to the environment, society and the economy”. Martin Rees, president, Royal Society “The review closes a chasm that has existed for 15 years between the precautionary concerns of scientists and the […]

Lloyds List: BP turns Thunder Horse into positive learning experience

British oil major opts for positive spin as production delayed by subsea systems faults, writes Martyn Wingrove, Lloyds List: Published: Oct 31, 2006 BP WANTS to use the lessons it learns at the troubled Thunder Horse project in the Gulf of Mexico to help develop its next generation of projects, including the large Kaskida discovery. […]

Lloyds List: Shell set to break water depth records with Perdido development

Published: Oct 31, 2006 SHELL will be breaking several water depth records with its Perdido development project in the US Gulf of Mexico including taking subsea completions to new depths, writes Martyn Wingrove. The Anglo-Dutch oil major will be working with California-based Chevron and British oil group BP to develop three fields in ultra deepwaters […]

The Wall Street Journal: Cost Cuts’ Role In BP Refinery Blast

U.S. Cites Cost Cuts’ Role In BP Refinery Blast Safety Board Lays Blame With Top-Level Decisions, Raising Firm’s Legal Risks By CHIP CUMMINS October 31, 2006; Page A3 Cost-cutting efforts by senior management at BP PLC contributed to a deadly explosion at a refinery in Texas last year, federal investigators said, a finding that ratchets […]

The Wall Street Journal: Oil News Roundup: October 30, 2006 5:32 p.m.

THE WALL STREET JOURNAL ONLINE October 30, 2006 5:32 p.m. Crude-oil futures tumbled nearly 4% to close at less than $59 a barrel on the New York Mercantile Exchange, as traders again expressed skepticism about OPEC’s ability to keep a floor under prices in a world flush — for the moment, at least — with […]

AFX News Limited: Mitsubishi Corp H1 net profit hits record, hikes FY forecast

10.31.2006, 12:10 AM TOKYO (XFN-ASIA) – Mitsubishi Corp reported record net profit for the fiscal first half, thanks to higher commodity prices, prompting the company to upgrade its full-year forecasts. Japan’s largest trading house said net profit for the six months to September increased 32 pct from a year earlier to 234.83 bln yen. Operating […]

andnetworkcom: Nigerian villagers extend protest at oil platforms

October 31, 2006   Villagers occupying four oil pumping stations in Nigeria extended their protest to a third day on Friday in the hope of extracting contracts from Western oil companies. The protesters had agreed on Wednesday to vacate the facilities on condition that they were given contracts to supply food and speed boats to […]

Indymedia: Shell’s Rossport Pipeline

Monday, Oct. 30, 2006 at 9:32 PM Detailed description of the issues surrounding the pipeline Shell wish to build through Rossport, a small village in the north west of Mayo. Shell’s pipeline through Rossport is extraordinarily dangerous: As acknowledged by Minister Dempsey in a written Dail reply to Deputy Michael Ring, it is unparalleled not […]

Reuters: Shell Canada Staffing Will Be Reviewed After Buyout

30 October 2006 Calgary (Reuters) – Shell Canada Limited looks headed for big staffing changes after its Anglo-Dutch parent buys out minority shares, but that may not mean across-the-board layoffs, industry watchers said Friday. Royal Dutch Shell Plc, one of the world’s biggest oil companies, is offering $40 a share, or $7.7 billion to buy […] Nigeria: FNDIC and Others Charge Shell to Stop Pollution and Gas Flaring

Vanguard (Lagos) October 30, 2006 Emma Amaize Warri FEDERATED Niger Delta Ijaw Communities (FNDIC) and other militant groups in the region, weekend, rolled out four conditions under which the Shell Petroleum Development Company (SPDC) will be allowed by the Ijaw to resume operations in the creeks of Delta State. Leader of the group, Chief Bello […]

Itar-Tass: Russia Audit Chamber reveals violations in Sakhalin-2 project

30.10.2006, 16.20   MOSCOW, October 30 (Itar-Tass) – Checks of the Sakhalin-2 project carried out by the Russian Audit Chamber have revealed numerous violations, mostly on the part the operator of the project, the Chamber’s auditor Sergei Abramov said. He said that the “chamber as a top financial control authority also has checked bodies of […] (Nigeria): We’re in Ogoni to put out fire – Shell

Monday, Oct 30, 2006 The Shell Petroleum Development Company of Nigeria (SPDC) has said that, its presence in Ogoniland at the moment is not for oil exploration but to put out the fire on Yorla well 13. The Emergency Response Team Commander of the Company, Mr. Ikechukwu Charles Okoro disclosed this Friday in a press […]

Bytestart (UK): Shell Springboard offering £40,000 awards to UK SME’s tackling climate change

Posted October 30, 2006 To encourage smaller businesses who are leading the fight against climate change, Shell Springboard will make at least nine awards of up to £40,000 to UK small and medium sized businesses. The awards will be given to the companies that convince business and environmental experts that their ideas are both environmentally […]

Reuters: Shell’s Deer Park, TX crude unit returns to service-company

Mon Oct 30, 2006 11:06am ET NEW YORK, Oct 30 (Reuters) – Shell said Monday it returned to service the smaller of two crude units at its joint-venture refinery in Deer Park, Texas, as scheduled. The unit, which can process 70,000 barrels per day of crude oil, was shut down on Oct. 9 for 21 […] Cravath scores key Royal Dutch Shell role

30 October 2006 Cravath Swaine & Moore and Canadian firms Stikeman Elliott and Ogilvy Renault have scooped lead roles on Royal Dutch Shell’s acquisition of Shell Canada’s minority interests that it didn’t already own for CAD7.7bn (£3.64bn). London-based corporate partner William Rogers, with employment partner Patricia Geoghegan and litigation partner Rory Millson led the team […]

Reuters: Britain’s Royal Navy Deploying Forces to Counter Possible Threat to Oil Export Terminal in Saudi Arabia

Oil firms toward $61; eyes Saudi ports, OPEC cuts SINGAPORE, Oct 30 (Reuters) – Oil nudged higher on Monday, extending last week’s gains while traders awaited further signs of OPEC’s compliance with output curbs and kept a close eye on Saudi oil facilities amid heightened security activity. U.S. light, sweet crude for December delivery was […] the ‘wholly unfounded shockingly abusive allegations’ against Shell managers made by Dr John Huong

By John Donovan Monday 30 October 2006 The comment below was posted on our Live Chat facility today. “Guest 7262: I have heard enough of the spin you publish on your website on behalf of your friend “Dr” Huong. You are exploiting him to suit your own agenda. The rabid Huong left us with no […]

Independent Online (Africa): Nigerians take over Agip pumping station

October 30 2006 at 01:28AM   By William Nsoyoh Yenagoa, Nigeria – Protesters angry over a lack of jobs and aid took over an oil-pumping station run by Italian oil firm Agip in Nigeria’s volatile southern delta region, forcing the company to shut the flow of oil there, a Nigerian security official said on Sunday. Scores […]

Summit Daily (Colorado): Evicted by war, restored by peace

EXTRACT: On the land, the government produced bombs, mustard gas, nerve gas and chlorine gas. Shell Oil manufactured pesticides there. The arsenal became one of the nation’s most polluted sites. THE ARTICLE BY THE ASSOCIATED PRESS October 29, 2006 COMMERCE CITY – The home where Lucille Egli McIntyre grew up looks nothing like it did […]

Pittsburgh Post-Gazette: Santorum charges Casey with abetting terrorism (*Shell linked with aiding and abetting terrorism and genocide)

EXTRACT: The a list of investments of the two major pensions funds in companies that it said did business in Iran. They included firms such as China Petroleum and Chemical and Royal Dutch/Shell. Citing those links, the Republican campaign charged in a statement distributed to reporters: “Bob Casey is aiding and abetting terrorism and genocide.” […]

Lloyds List: Oil activity back in the picture

By: Drilling of the Brugden prospect has revived the region’s exploration efforts, Lloyds List Published: Oct 30, 2006 AFTER a flurry of activity in the 1990s, offshore drilling around the Faroe Islands had been all but dormant until this summer when Norway’s Statoil group spudded an exploration well on its licence 006 on the Brugden […]


Published: Oct 30, 2006 DUBAI, Oct 30 Asia Pulse – All of a sudden, Canada has turned into the new frontier in non-OPEC oil and gas developments. Russia has rumbled about taking over the huge Sakhalin II field whereas OPEC itself cut back production over 1.2 million barrels a day, due to which the demands […]

Financial Times: Investors issue challenge to SEC over access to proxy

By Jeremy Grant and Kate Burgess: Published: October 30 2006 02:00 | Last updated: October 30 2006 02:00 In the world of US corporate governance, a gigantic tug-of-war has played out for decades between company boards and shareholders in the companies they run. At issue is the ability of shareholders to get access to the […]

Reuters: Canadian Natural could become a target -Barron’s

Sun Oct 29, 2006 12:19pm ET NEW YORK, Oct 29 (Reuters) – Canadian Natural Resources Ltd. (CNQ.TO: Quote, Profile, Research), one of North America’s largest independent oil and gas companies, could become a takeover target of a major oil company because of its large presence in the Alberta oil sands, one of the world’s most […]