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Posts on ‘October 6th, 2006’

MarketWatch: Shell and Petrobras Are Latin America’s Most Sustainable and Ethical Oil Companies

Latin American-based Oil Companies Invest Hundreds of Millions to Deliver Clean Performances Last Update: 3:00 PM ET Oct 6, 2006 MIAMI and MADRID, Oct 06, 2006 /PRNewswire via COMTEX/ — Among the big Latin American oil/gas companies, Shell and Petrobras are the most effective at sustainability, social, ethical and governance programs, according to a study […]

RIA Novosti: Sakhalin I PSA gives Russia 15% share or less – Audit Chamber

19:40 | 06/ 10/ 2006  MOSCOW, October 6 (RIA Novosti) – Russia can receive no more than 15% of hydrocarbon output in the Sakhalin I energy project given the way the project has been implemented since 1997, Russia’s financial watchdog said Friday. U.S. oil major Exxon Neftegas Limited operates the project under a production-sharing agreement […]

Reuters: Fighting forces Shell to shut Nigerian oilfield

Fri 6 Oct 2006 15:28:37 BST (Updates with quotes) By Tom Ashby ABUJA, Oct 6 (Reuters) – Gun battles between Nigerian militants and troops in the Niger Delta forced Royal Dutch Shell to shut a 9,000 barrels-a-day oil platform and pull out some staff, company sources said on Friday. The closure of the Ekulama I […] the siege of Bellanaboy

(Rossport Five member, Willie Corduff (centre – right – of front row) with other “Shell to Sea” campaigners)  In the wake of Tuesday’s dramatic events outside the gates of Shell’s proposed refinery site at Bellanaboy, campaigners were out in force Wednesday and Thursday undeterred by the heavy police presence and inclement weather. For the last two […]

Alaska Journal of Commerce: Veco expands its reach in Russia

(Oil process modules are unloaded recently at the Chayvo oil field in Sakhalin, in Russia’s Far East. Veco Corp. coordinated the module support project for an Exxon Mobil Corp. consortium. Veco has worked on several large-scale projects in the region. PHOTO Courtesy of Veco Corp.) THE ARTICLE By Tim Bradner     SAKHALIN, Russia – Veco […]

Reuters: UPDATE 1-Russia audit chamber joins attack on Exxon Sakhalin

Fri Oct 6, 2006 9:53am ET MOSCOW, Oct 6 (Reuters) – Russia’s audit chamber, a state agency which supervises the use of government finances, said on Friday the Exxon Mobil-led (XOM.N: Quote, Profile, Research) Sakhalin-1 energy project has broken many terms of its production sharing deal with Russia. The agency said in a statement the […]

Reuters: Shell sees Tex. refinery expansion decision in ’07

Fri Oct 6, 2006 9:33am ET NEW YORK, Oct 6 (Reuters) – Shell Oil Co. said on Friday it expects a final decision on whether to go ahead with a plan to double the size of its joint venture oil refinery in Port Arthur, Texas, by sometime next year. Motiva Enterprises LLC, a joint venture […]

The Moscow Times: Eni Faces Probe Over Sakhalin-2

Friday, October 6, 2006. Issue 3513. Page 5. By Dmitry Zhdannikov Reuters The Natural Resources Ministry’s environmental regulator said Thursday that it would probe a company controlled by Italian energy group Eni working as a contractor on the Sakhalin-2 oil and gas project led by Royal Dutch Shell. It made the announcement a day after […]

Bloomberg: Exxon Loads First Sakhalin Oil as Shell Faces Export Delays

By Lucian Kim Oct. 6 (Bloomberg) — Exxon Mobil Corp. said it has begun loading its first oil from Russia’s Sakhalin Island, even as the government threatens to delay the export schedule at a neighboring project run by Royal Dutch Shell Plc. The newly-inaugurated De Kastri oil terminal on Russia’s Pacific Coast began loading the […]

Dow Jones Newswires: Shell Among Companies Preparing Oil Sand Reserve Cases for SEC

By Ian Talley and Benoit Faucon WASHINGTON Oct 5, 2006 (Dow Jones Newswires) Royal Dutch Shell PLC (RDSB.LN) is one of several oil companies preparing a case to convince the U.S. Securities and Exchange Commission to allow it to book reserves from Canadian oil sands. Although a significant portion of Canada’s oil sands are bookable […]

Dow Jones Newswires: Premier Oil Bid From Shell ‘Highly Unlikely’

Friday, October 06, 2006  1022 GMT [Dow Jones] A Royal Dutch Shell (RDSA) bid for Premier Oil (PMO.LN) is “highly unlikely” says analyst. Follows speculation from traders that RDSA is looking at Premier. Analyst notes this is an old rumour and is skeptical. “I don’t think Premier would add much to Shell’s existing operations,” he […]

The Guardian: Oil wealth a boon and burden for Nigeria

Communities in the Niger delta are finally getting a share of the oil money, but serious problems remain, says Mark Tran Friday October 6, 2006 Guardian Unlimited   Nigeria is the eighth richest oil country in the world and the wealthiest in Africa, with oil revenues accounting for nearly 80% of the national budget. Over […] did our whistleblower email to Oleg Mitvol precipitate the Sakhalin II crisis?

By John Donovan The following posting, allegedly by the Ministry of Natural Resources of The Russian Federation, appeared on the “Live Chat” facility today, Friday 6 October 2006. EXTRACTS: Mr Donovan Sir. The Ministry of Natural Resources of The Russian Federation is grateful for the direct and indirect information supplied from this website. If any […]

Bloomberg: Nigerian Militants Intensify Campaign to Cripple Oil Industry

By Karl Maier (Bloomberg) — Nigerian militants are stepping up attacks to cripple Africa’s biggest oil industry through a series of clashes with the military and raids on contractors and boats working for companies such as Royal Dutch Shell Plc. The Movement for the Emancipation of the Niger Delta, or MEND, said its fighters killed […]

Investors Chronicle: SIBIR ENERGY (SBE): It hasn’t been easy for Sibir operating in Russia…

6 October 2006   It hasn’t been easy for Sibir operating in Russia over the years, but at least these numbers look healthy. In fact, Sibir’s management sees these results as: “A portrait of a company in transformation from an enterprise of promise into an enterprise of profit.” And despite the flowery language, there is […]

The Times: City Diary by Martin Waller: Fostering interest

October 06, 2006    SHELL has, I read, brought in Foster & Partners to redevelop its famous HQ on the South Bank next to Waterloo. As it happens, this is the second attempt by the oil company to improve the site, in an area of London that is increasingly popular for commercial development. The last […]

The Guardian: FCO travel warning after Nigeria kidnappings

Matt Weaver and agencies Thursday October 5, 2006 Guardian Unlimited The Foreign Office today issued a warning against travelling to parts of Nigeria, following the kidnapping of four British oil workers in the country. The men were among up to seven foreigners abducted from a residential compound in the country’s southern Akwa Ibom state on […]

Irish Independent: Knowing right from wrong

Published: Oct 06, 2006 WHAT a coincidence that Shell should choose the day on which all eyes were focused on Bertie’s apologia to impose its will on the people of Mayo. If Bertie has succeeded in his struggle to distinguish what is fundamentally right from what is legally acceptable, could he now address the fundamental […]

Irish Times: Garda withdraws ‘public order unit’ at Corrib gas terminal

By: Lorna Siggins and Tom Shiel, Irish Times Published: Oct 06, 2006 The Garda says it has withdrawn its “public order unit” from north Mayo and has scaled down numbers deployed in and around the Shell Corrib gas terminal. A force of 170 has been cut to 110, according to gardaI, and road-blocks were not […]

Houston Chronicle: BP, Shell to pay in pollution case: Settlements allege gasoline fell short of air rules

Oct. 6, 2006, 12:13AM By BRETT CLANTON Copyright 2006 Houston Chronicle The Environmental Protection Agency said Thursday that BP and Royal Dutch Shell will pay $1.5 million in fines to settle allegations that they sold gasoline that failed to meet federal clean air standards. The agency said the settlements were reached Sept. 27 and resolve […]

Reuters: Dutch won’t block Russian energy firms over Shell

MOSCOW, Oct 5 (Reuters) – The Netherlands will welcome the expansion of Russian energy firms in the country despite the problems Royal Dutch Shell (RDSa.L: Quote, Profile, Research) has encountered in Russia, the Dutch Economy Minister said on Thursday. “It is true that on the investment climate you always look from a reciprocal point of […]

The New York Times: A Mix of Oil and Environmentalism

(Joseph Sywenkyj for The New York Times Ships at Korsakov, a port at the southern tip of Sakhalin Island in Russia.) October 6, 2006 By ANDREW E. KRAMER YUZHNO-SAKHALINSK, Russia — For more than a decade, Dmitri V. Lisitsyn waged a lonely, losing battle to protect the local salmon and gray whales from the world’s […]

The Scotsman: BP, Shell fined in fuel rule case

(People fill their cars with fuel at a Shell garage in Glasgow, February 3, 2005. Units of Royal Dutch Shell Plc. and BP Plc. will pay a combined $1.5 million (800,000 pounds) to settle charges that they violated U.S. gasoline standards, the U.S. Environmental Protection Agency said on Thursday. REUTERS/Jeff J Mitchell) THE ARTICLE WASHINGTON […]

MarketWatch: EPA: BP, Shell to pay $1.5 million in air quality case

Last Update: 6:40 PM ET Oct 5, 2006 WASHINGTON (MarketWatch) — The U.S. Environmental Protection Agency has reached settlements with units of BP PLC (BP) and Royal Dutch Shell PLC (RDSA) to address allegations that the oil firms produced gasoline that failed to meet regulatory clean-air requirements, the agency said Thursday. BP agreed to pay […]

RosBusinessConsulting: Evidence against Sakhalin-2 contractors found

RBC, 05.10.2006, Moscow 19:07:39.Oleg Mitvol, the deputy chief of the Russian environmental watchdog Rosprirodnadzor has submitted to the General Prosecutor’s Office documents from a number of Sakhalin forestries that reveal violations committed by the Sakhalin-2 subcontractor, the press service of the Russian Natural Resources Ministry reports. The documents testify to large-scale illegal forest cutting and […]

St Petersburg Times: Kremlin Rejects Shelling Out More For Sakhalin-2

Issue #1210(76), Friday, October 6, 2006 By Miriam Elder Staff Writer   MOSCOW —A top Kremlin economic adviser on Wednesday said Shell had broken its agreement with the government to develop Sakhalin-2 when it doubled the cost estimate for the project to $20 billion, and warned that the government would never accept the increase.”You know […]

Bloomberg: Exxon Mobil’s Tillerson Says BP Delay `Disappointing’ (Update3)

By Joe Carroll Oct. 5 (Bloomberg) — Exxon Mobil Corp. Chief Executive Officer Rex Tillerson criticized BP Plc for delays starting their jointly owned $1 billion Thunder Horse oil platform in the Gulf of Mexico. Thunder Horse, a 50,000-ton floating production facility, nearly sank after Hurricane Dennis in July 2005, a storm that did little […]

Bloomberg: BP, Shell Settle Charges Gasoline Didn’t Meet Air Standards

By Tina Seeley Oct. 5 (Bloomberg) — BP Plc and Royal Dutch Shell Plc agreed to pay a combined $1.5 million to settle accusations that the companies produced and distributed gasoline that didn’t meet federal clean-air standards, the U.S. government said. Under the agreements, BP will pay a civil penalty of $900,000 and Shell will […]