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Posts on ‘October 7th, 2006’

Sunday Telegraph: Green business ‘could be worth $1 trillion’

EXTRACT: …the campaign group added that it wants Shell to “seriously diversify into renewable energy” rather than “putting its efforts into bragging about being green”.

THE ARTICLE

By Liam Halligan (Filed: 08/10/2006)

New research suggests that global commerce could receive a ($1 trillion) £530bn boost from “green business” over the next five years as concerted international action creates large markets for technologies and products designed to tackle climate change. read more

Sunday Telegraph: Greenwash: *Shell

EXTRACTS: When environmental campaigners speak of CSR campaigns with more “spin” than “substance”, Shell, BP and other oil giants are not far from their lips… Shell also puffs its £541m investment into solar and wind power over the past five years. Actually, that sum is worth just 1.1 per cent of the company’s total capital investment during that period. Then there is the heated topic of gas-flaring, the process by which excess gas emitted during oil exploration is burned off into the atmosphere. “The amount of natural gas from oil wells that we flare has been declining since 2001,” Shell’s annual report says. In fact, the company is expected to produce 7.9m tonnes of CO2 this year by flaring, compared with 7.3m tonnes last year. The review does not mention the alleged health effects to locals, which include child respiratory illnesses, asthma and cancer. read more

The Observer: It’s high time British companies got on the brand wagon

*Shell ranked at 89 out of 100 in the Interbrand Best Global Brands 2006 rankings; the lowest ranked oil company.

Will Hutton
Sunday October 8, 2006

We live in the age of the brand. Whether it’s the Conservative party’s new oak tree logo, on ample display in Bournemouth as purported evidence of a change of direction, or bidders vying to buy the branded website YouTube, the story is to get the branding right. This is now the vital precondition for business and political success.

It’s not easy. Establishing and maintaining a strong brand is elusive and expensive; for every revitalised Marks & Spencer or New Labour there is a litany of disasters. Branding has always mattered as a signal of a product’s quality, but in 2006 it counts even more. read more

Reuters: Outspoken Putin critic shot dead in Moscow

Politkovskaya

(Russian journalist Anna Politkovskaya speaks at a news conference in Moscow in this February 27, 2001, file photograph. Politkovskaya, an outspoken critic of President Vladimir Putin, was shot dead on Saturday at her apartment block in central Moscow, police said. REUTERS/Alexander Natruskin/File)

Oct 7, 4:57 PM (ET)
By James Kilner

MOSCOW (Reuters) – Russian journalist Anna Politkovskaya, an outspoken critic of President Vladimir Putin, was shot dead on Saturday at her apartment block in central Moscow, police said. read more

The Sunday Times: Red tape stifles free trade by the back door

EXTRACTS: The Russians, who are clamouring for admittance to the WTO on the grounds that theirs is a market economy eligible to sit at the table of free-trading nations, are using environmental regulations and national laws to wring concessions from international oil companies. Vladimir Putin’s government contends that Total’s licence to explore in the Arctic circle, and Royal Dutch Shell’s contract to develop natural gas in Sakhalin, on an island in Russia’s Far East, violate its environmental regulations, and that Exxon’s contract in Sakhalin doesn’t convey the rights the company believed it did. Besides, the terminal through which Exxon’s oil would pass on its way to market suddenly seems to the safety inspectors less safe than when they approved it. read more

The Sunday Times: Corrib gas protesters are walking all over the supine gardai

October 08, 2006
Comment: Liam Fay 
 
According to protesters against the proposed Corrib gas terminal, the deployment of gardai at the site is a “waste of taxpayers’ money”. The more belligerent and intransigent the Bellanaboy demonstration becomes, however, the more economical the police presence appears. Call it a civics lesson for slow learners.

Throughout last week, phalanxes of gardai were required to escort 70 or so Shell personnel into and out of the site, in the teeth of intimidation by an angry mob of around 200. Among the more polite taunts flung by protesters at the workers, many of whom are locals, were “scab”, “traitor” and “may ye die roaring”. read more

The Sunday Times: Shell to Sea leader receives a poor school report

October 08, 2006
Mark Tighe
 
BY day she is the headmistress of a primary school in Mayo; in her spare time she is a member a protest group harassing one of the world’s largest oil companies. But is Maura Harrington’s work suffering because of her extracurricular activities? 
 
A Department of Education inspection report into Inver National school, where Harrington is principal, calls for a new management structure and says staff meetings are lacking clear agendas, planning and record keeping. The report, written in Irish and recently posted on the department’s website, is critical compared to the anodyne assessments generally written by schools’ inspectors.
read more

Time Magazine: Royal Dutch Shell: The Diplomats of Oil: Monday, May 9, 1960

Time Magazine 1960

(See Cover)

STORY: The Diplomats of Oil

Along the steaming, mud-covered delta of Africa’s Niger River, bare-chested men labored amid crocodiles and screaming parrots this week to push shafts of steel deep into the earth. On the choppy waters of the Persian Gulf, others perched on a crablike platform and sent a snag-toothed bit boring into the ocean bed. Around the world, hundreds of men labored just as sweatily in 35 other countries — from the pampas of Argentina to the back hills of New Zealand — to probe the earth in an eager quest for the substance that makes the world’s wheels go round: oil. read more

MarketWatch: Shell Oil Company and Richard Childress Racing Announce Primary Sponsorship

Chase Contender Kevin Harvick Takes the Wheel of Legendary No. 29 Chevy for Shell and Pennzoil Beginning in 2007 in NASCAR Nextel Cup
Last Update: 1:53 PM ET Oct 7, 2006

TALLADEGA, Ala., Oct 07, 2006 /PRNewswire-FirstCall via COMTEX/ — Shell Oil Company announced the brand’s return to NASCAR today through a multi-year primary sponsorship of Richard Childress Racing (RCR). Through the sponsorship both Shell and Pennzoil brands will be featured on the No. 29 Chevrolet Monte Carlo SS to be driven by Kevin Harvick in the 2007 NASCAR NEXTEL Cup series. Shell will also be the associate sponsor on other RCR cars including the No. 31 Cup car driven by Jeff Burton and the No. 07 Cup car driven by Clint Bowyer.
(Photo: http://www.newscom.com/cgi-bin/prnh/20061007/NYSA004-a
              http://www.newscom.com/cgi-bin/prnh/20061007/NYSA004-b ) read more

Gulf Times (Qatar): Japan loses ‘its control’ of Iranian oil gem Azadegan

EXTRACT: Long-standing US sanctions threaten action against foreign companies that invest heavily in Iran’s energy sector, but firms such as Royal Dutch Shell and Italy’s ENI have run major projects there without incurring Washington’s wrath. The sanctions were extended by Congress last weekend.

THE ARTICLE

Published: Saturday, 7 October, 2006, 09:44 AM Doha Time 
 
Azadegan was Iran’s biggest oil find in 30 years when announced in 1999, with oil-in-place of 26bn barrels and recoverable resources then estimated at about 6bn barrels
TOKYO: Japan’s Inpex Holdings Inc has lost the right to lead the $2bn-plus development of Iran’s Azadegan oilfield, but will retain a token share in the Opec member’s biggest find in three decades. read more

GrandPrix.com: Shell to up its profile in the United States

OCTOBER 7, 2006

GM Goodwrench, Dale Earnhardt’s primary sponsor between 1988 and his death in 2001, is believed to be cutting back on its sponsorship of Richard Childress Racing at the end of the current season, as the company looks more and more to controlling its spending in the face of serious economic problems.

In recent years the car – driven by Kevin Harvick after Earnhardt’s death – has been GM Goodwrench black at most races but switches to the gold of Reese’s candy in a selection of others. The word now is that next year the cars will have new primary sponsorship from Shell Oil. The Anglo-Dutch company was heavily involved with Bobby Rahal in CART some years ago but has only had one notable deal in NASCAR in the modern era, a Busch Series deal with Tony Stewart in 1998. read more

The Washington Post: ‘Royal Dutch Shell engaging with human rights groups so as not to be perceived as complicit in atrocities’

Sudan

Children play in the North Darfur refugee camp of El Sallam on Wednesday Oct. 4, 2006. Some 80,000 refugees survive in El Sallam and the nearby camp of Abu Shouk, with humanitarian workers struggling to provide aid amid growing violence and security problems.(AP Photo / ALFRED DE MONTESQUIOU) (Alfred De Montesquiou – AP)

THE ARTICLE

Washington Post headline: Sudan Divestment Effort Gains Momentum at State Level

By Nora Boustany
Washington Post Foreign Service
Saturday, October 7, 2006; Page A12
read more

Itar-Tass: Storm warning issued for Kuril Islands, Sakhalin

07.10.2006, 09.10 
 
YUZHNO-SAKHALINSK, October 7 (Itar-Tass) — A powerful cyclone with violent winds is moving from Japan to the Kurile islands and Sakhalin. The storm with heavy rains will hit the Southern Kuriles late on Saturday. The wind speed will exceed 120 kilometres an hour. Waves in the Sea of Okhotsk and the Pacific area near the Kuriles will be four to six metres high.

Sakhalin meteorologists issued a storm warning all over the territory, and rescuers repeated it for the Far Eastern fleet working near the Southern Kuriles. read more

New York Times: New Indonesia Calamity: A Man-Made Mud Bath (*Mr Oleg Mitvol take note: this could happen in Sakhalin!)

(Sigit Pamungkas/Reuters
Houses in Sidoarjo, in Indonesia, were inundated by mud late last month, the result of a natural gas drilling project that has gone awry. )

*Introduction by a Shell Insider: This is what is known as a “well control incident”. An earthquake in Sakalin could cause the same thing to happen there (and earthquakes are frequent in Sakhalin)

THE ARTICLE

By RAYMOND BONNER and MUKTITA SUHARTONO
Published: October 6, 2006

KEDUNGBENDO, Indonesia, Oct. 5 — It started as a natural gas well. It has become geysers of mud and water, and in a country plagued by earthquakes, volcanoes and tsunamis another calamity in the making, though this one is largely man-made. read more

Midland Reporter-Telegram: Shell president uses personal touch to explain prices

EXTRACT: In an accounting scandal in 2004-2005, Shell reduced its proven oil reserves, a move that continues to drag on profits. The company reserved $500 million in its second quarter to cover shareholder class action lawsuits.

THE ARTICLE

10/07/2006
Associated Press

LITTLE ROCK — If gasoline prices continue to drop, shareholders of Royal Dutch Shell PLC can take heart.

Lower prices create more demand, which will drive the price back up and bolster the profits of the big oil companies.

The president of the No. 3 oil company’ U.S. division, John Hofmeister, made that point during a stop in Little Rock as part of a 50-city tour. Hofmeister said he has selected personal appearances over an advertising campaign as a way to explain Shell’s take on the oil business to consumers. read more

Petroleum News: coal-to-liquids study in works for Beluga coal

EXTRACT: Peterson said the relatively large size of the initial plant reflects not only the extensive track record in CTL technology of Sasol of South Africa and Shell, two companies interested in investing in the plant, but also the scope of competing projects around the world that have attracted renewed interest, thanks to high oil prices.

THE ARTICLE 

Taiwan set to join Alaska, potential investors in assessing scope and benefits of proposed 80,000 barrels-per-day Cook Inlet plant

Rose Ragsdale
For Petroleum News
read more

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