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Posts on ‘October 12th, 2006’

The Guardian: Warming will cost trillions, says report

· Damage forecast to cost 8% of global GDP by 2100
· UK ‘faces droughts and floods costing billions’

Larry Elliott, economics editor
Friday October 13, 2006

Failure to take action to combat climate change will cause environmental catastrophe and cost the global economy $20 trillion (£10.8 trillion) a year by the end of the century, the pressure group Friends of the Earth says today.

In a report based on research from more than 100 scientific and economic papers, the group says allowing global warming to continue unchecked will mean a temperature rise of 4C by 2100, causing economic damage worth up to 8% of global GDP.

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Philippine Daily Inquirer: More than just CEOs, communicators, too: ‘Shell Tipid Tips’

By: Tina Arceo-Dumlao
Published: Oct 13, 2006

ICONIC EXECUTIVE officers such as Apple Computers Steve Jobs, General Electrics Jack Welch, Microsofts Bill Gates and Chryslers Lee Iacocca have another thing in common aside from being geniuses at marketing, management and finance.

They were all great communicators.

CEOs like them understood that they are also being paid to effectively convey to the consumers, government regulators, stockholders and the general public what their corporation is doing and how they are doing it.

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Asia Pulse: INDIA’S GSPC PICKS 4 ENERGY GIANTS FOR STAKE SALE IN GAS BLOCK

Published: Oct 13, 2006

NEW DELHI, Oct 13 Asia Pulse – Gujarat State Petroleum Corp (GSPC) has called for bids by November 2 from four shortlisted global energy majors including Chevron, British Petroleum and ENI for selling 30 per cent stake in its gas rich KG-OSN-2001/3 block off the east coast.

“Financial bids will be opened on November 2,” GSPC managing director D J Pandian told reporters here.

Chevron Corp of US, BP Plc, BG Group of UK and Italy’s ENI, who were shortlisted from about 13 firms that expressed interest in picking a stake in the 20 trillion cubic feet gas discovery in the KG Basin, have been asked to submit final bids.

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AP Worldstream: Oil rises above US$58 a barrel after Norway shuts down two offshore platforms

By: GILLIAN WONG,
Published: Oct 13, 2006

Oil prices rose Friday on news that U.S. heating oil inventories fell and that Norway ordered production shut down at two offshore platforms, sharply reducing flows from the world’s third-largest oil exporter.

Light, sweet crude for November delivery gained 33 cents to US$58.19 a barrel in Asian electronic trading on the New York Mercantile Exchange, midmorning in Singapore. The contract edged up 27 cents to close at US$57.86 a barrel Thursday.

In Norway, safety authorities on Thursday ordered a production shutdown at two offshore platforms. But the fields’ operators _ state oil company Statoil ASA and the Norwegian branch of Royal Dutch Shell PLC _ were likely to keep the fields running at least until they meet safety officials on Friday.

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Post and Courier Charleston: Shell to shut local facility: 78 to lose jobs as company moves operation

Thursday, October 12, 2006
BY MICHAEL BUETTNER 

Shell Oil Products U.S. is closing its North Charleston lubricants operation and eliminating the jobs of the 78 people who work there in a move to concentrate production at its other facilities around the country.

The company is working with employees to help them through the transition, said Shell spokeswoman Tricia Singer.

Singer said Shell is “continuously evaluating” its operations for opportunities to increase efficiency.

“We have found a way to maximize capacity through our other facilities,” making the North Charleston terminal unnecessary, she said.

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Alaska Journal of Commerce: Exxon Mobil wrangles with Russian government over permits, acreage

By Tim Bradner
For Web posting Sunday, October 15, 2006

YUZHNO, Russia – Shell’s big Sakhalin 2 project isn’t alone in having political problems with the Russian government. The Exxon Mobil-led Sakhalin 1 group now has its own set of challenges.

The consortium is loading the first export tanker at the new De Kastri oil terminal, but government environmental agencies have been raising issues over whether the final permits will be issued to allow the tanker to sail. It is now scheduled to depart Oct. 15.

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Alaska Journal of Commerce : Oil, gas transforming Russian Far East

Exxon Sakhalin

(Russian construction crews lay brick tiles in late September for a sidewalk in front of the new Exxon office building in downtown Yuzhno-Sakhalinsk in Russia’s Far East. PHOTO/Rob Stapleton/AJOC)   

By Tim Bradner 
 
YUZHNO, Russia – This gritty city on the south end of Sakhalin Island, Russia’s oil-rich province in its far east, shows the face of a modernizing Russia.

In the early morning, streets are busy with traffic and smartly dressed young women and men who stride purposefully to work in modern office buildings.

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Alaska Journal of Commerce: Despite hurdles, Shell says Sakhalin project is on target

 Ian Craig, CEO, Sakhalin Energy

(Shell Oil’s Ian Craig discusses the future of the Sakhalin 2 project at a late September conference in Yuzhno in Russia’s Far East. PHOTO/Rob Stapleton/AJOC)  

For publication Sunday 15 October 2006  

By Tim Bradner 
 
YUZHNO, Russia – Sakhalin Energy Investment Co., the Shell-led consortium developing the $20 billion Sakhalin 2 liquefied natural gas project, is facing political issues with the Russian federal government, but managers on the project say these will be resolved and the massive project will be completed on schedule, in 2008.

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Duke University: Shell Oil President To Speak at Duke on Oct. 19

John D. Hofmeister will offer his vision for ensuring that the United States has the energy it needs to meet future demand

Thursday, October 12, 2006

Durham, NC — John D. Hofmeister, president of Shell Oil Company, will give a free public talk, “How Can the U.S. Ensure Energy Supply for the Future?”, at Duke University on Thursday, Oct. 19.

Environment and Earth Sciences

The talk, at 4 p.m. in room 111 of Duke’s Biological Sciences Building, will be followed by an open question-and-answer session. The event is sponsored by the Nicholas School of the Environment and Earth Sciences’ Office of the Dean.

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Houston Chronicle: Global Warming Fight Helps Economy-Report

Oct. 12, 2006, 12:13PM
© 2006 The Associated Press

LONDON — Combating global warming won’t bankrupt Britain’s economy and could be worth billions for business, says an oil company-sponsored report released Thursday.

The cost of action will amount to 0.3 percent of Britain’s economic output, but that works out to business opportunities worth $55 billion over the next decade, said the report published by Shell UK, a subsidiary of Royal Dutch Shell PLC, as part of its Springboard project to encourage business action on global warming.

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Interfax: Foreign auditors shouldn’t be hired to audit Russian budget – Stepashin

Oct 12 2006 3:45PM

MOSCOW. Oct 12 (Interfax) – Chairman of the Audit Chamber Sergei Stepashin has spoken out against hiring foreign auditing companies to audit the use of the Russian budget.

“I think it is a totally wrong idea to hire auditing companies, including foreign firms, to audit the use of the budget,” he said on Thursday. “Despite the fact that this is a direct violation of Article 101 of the Russian Constitution, such proposals are being seriously considered by the Finance Ministry,” he said.

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ChennaiOnline: Shell’s new retail fuel station

Chennai,Oct 12: Shell India Marketing Ltd, a wholly owned subsidiary of the Royal Dutch/Shell Group today launched a new retail fuel station in Chennai.

The retail station is the company’s 18th in the country and the sixth in Chennai, Paul Stone, vice president, retail strategy and portfolio, Shell International Petroleum Co.Ltd said.

The new retail station was launched at Pallikaranai near Velachery in the city. (Our Correspondent) 
 
Published: Thursday, October 12, 2006 

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