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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 […]

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 […]


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 […]

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 […]

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 […]

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 […]

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

(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 […]

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

  (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 […]

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 […]

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 […]

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 […]

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 […]

RosBusinessConsulting: Natural Resources Minister to visit Sakhalin

RBC, 12.10.2006, Moscow 19:36:35.Russian Natural Resources Minister Yury Trutnev will go on a working trip to Sakhalin on October 24-26 to examine the results of the Sakhalin-2 environmental inspection, the ministry’s press office reports. The Minister will also hold a meeting in Khanty-Mansiysk to consider compliance with environmental requirements during the development of the region’s […]

International Herald Tribune: Germany gets leading role as Russia strategic partner

By Judy Dempsey International Herald Tribune Published: October 12, 2006   BERLIN As both sides of the Atlantic compete for reliable energy sources, Russia appears to be playing Europe against the United States by favoring Germany as its most important strategic partner and the main transit country for Russian gas to lucrative markets in Western […]

RIA Novosti: Natural resources minister to inspect results of Sakhalin II checks

18:50 | 12/ 10/ 2006  MOSCOW, October 12 (RIA Novosti) – Russia’s natural resources minister will head a delegation on October 24-26 to examine the results of environmental inspections into the Sakhalin II oil and gas project in the country’s Far East. The vast hydrocarbon project, led by Anglo-Dutch oil major Shell, has met with […]

Houston Chronicle: Lawyer in BP case ordered to turn over evidence

Oct. 11, 2006, 6:50PM By ANNE BELLI Copyright 2006 Houston Chronicle Suggesting that the criminal probe into BP is gaining momentum, federal prosecutors this week issued a wide-ranging subpoena to a lawyer representing a woman whose parents died in the 2005 blast at the company’s Texas City refinery, the lawyer said today. Brent Coon of […]

Reuters: UPDATE 1-Safety woes may halt 2 Norway oilfields

OSLO, Oct 12 (Reuters) – Norway’s Petroleum Safety Authority will halt production on the Snorre and Draugen oilfields on the Norwegian continental shelf because of inadequate lifeboat standards, Bergens Tidende newspaper reported on Thursday. But Anglo-Dutch oil group Shell (RDSa.L: Quote, Profile, Research) said the Draugen oilfield it runs in the Norwegian Sea was still […]

FOR-UA.COM: Ukraine’s President met Chief Executive Officer of Shell Group

12 October 2006 Victor Yushchenko has met with Jeroen van der Veer, Chief Executive Officer of the Royal Dutch/Shell Group, President’s press office reported. Ukraine’s Energy Minister Yuriy Boyko, First Deputy Secretariat Chief of Staff Arseniy Yatsenyuk, Naftogaz Chairman Volodymyr Sheludchenko and Ukrgazvydobuvannya Head Yevhen Bakulin attended the meeting. The President said Ukraine welcomed the […]

NRCU Ukrainian Radio: President Viktor Yushchenko holds meeting with Shell president Jeroen Van der Veer

    12-10-2006 17:57 The parties discussed the company’s activities on the Ukrainian market. President Yushchenko stated the Shell’s advent to Ukraine as a salient event in Ukraine’s energy sector. According to Viktor Yushchenko, in June the company UkrGazVudobutok and Shell signed an agreement on jointly developing gas deposits in the Dnieper-Donetsk basin, which will […]

AXF News: Norway suspends two platforms, risks cutting off 200,000 bpd output UPDATE

(Adds comment, detail on problem, likely length of closures) OSLO (AFX) – Norway, the world’s third largest exporter of crude oil, could see its daily output cut by up to 200,000 barrels per day for ‘between days and weeks’, after authorities suspended two oil platforms due to safety reasons. The closure of the Shell-operated Draugen […]

Shell to Sea allege intimidation and assault by Irish Police on anti-Shell protesters

October 12th, 2006 A small part of North Mayo is now under occupation by the Irish police who are facilitating multinational corporations in their exploitation of Irish resources and abuse of Irish citizens. Ordinary decent people are being abused, intimidated, assaulted and arrested. The mainstream media is endorsing Shell spin that seeks to smear and […]

BBC News: Indonesia revokes Exxon gas deal

Indonesia has revoked a contract with US energy giant ExxonMobil to develop the Natuna offshore gas field. Exxon has spent $350m (£189m) exploring the field but is finding the gas costly to extract and difficult to sell. Indonesia’s oil minister has said that state energy firm Pertamina could be given the rights to develop the […]

RIA Novosti: U.S. commerce chief voices concerns over investments in Russia

12:17 | 12/ 10/ 2006  WASHINGTON, October 12 (RIA Novosti) – The U.S. secretary of commerce has highlighted disturbing trends in the economy and press freedom in Russia, which he said can affect economic growth and the investment climate in the country. Speaking at the U.S.-Russia Business Council, which represents over 300 American companies working […]

RIA Novosti: Ministry denies plan to revoke Kharyaga oil deposit license-1

13:26 | 12/ 10/ 2006 (adds paragraphs 3-14) MOSCOW, October 12 (RIA Novosti) – Russia’s Natural Resources Ministry said Thursday it will not revoke the license held by French oil major Total to develop a field in the north of European Russia. “No action is being taken to revoke the license,” Yury Trutnev said. “Just […]

Reuters: ANALYSIS-Investors fret over Russia’s 2008 dogfight

EXTRACT: Some suspect the battle over the Shell-led Sakhalin-2 energy project, which officials accuse of environmental breaches, may be evidence of one bone being fought over. THE ARTICLE 11 Oct 2006 11:37:19 GMT By Elif Kaban MOSCOW, Oct 11 (Reuters) – Winston Churchill once likened Kremlin politics to watching two dogs fight under a carpet […]

The Moscow Times: Sakhalin-1 Faces Delay Until ’07

(Sergei Karpukhin/Reuters: A vessel leaving an oil platform at Sakhalin-1’s Chaivo field on Tuesday.) Thursday, October 12, 2006. Issue 3517. Page 5. By Dmitry Zhdannikov Reuters   NOGLIKI, Yuzhno-Sakhalinsk — Federal authorities are still checking a new oil terminal built by the ExxonMobil-led Sakhalin-1 group and it may take two months before full operations are allowed, […]

International Herald Tribune: Russian ministry says not seeking to revoke Total’s license at Kharyaga oil field

The Associated Press Published: October 12, 2006   MOSCOW A top government official said Thursday that Russia was not seeking to revoke French company Total SA’s license to tap the Kharyaga oil field, Russian news agencies reported.   Natural Resources Minister Yuri Trutnev spoke amid widespread probes of Western-led energy developments that analysts says are […]

Indymedia: Anti-Shell Action in Ireland, Shell H.Q. in Dublin Occupied

  (The photograpgh is from the lobby in the Shell Dublin HW during the occupation. There are lots more photos on Report from Sea to Shell campaign on protest activities carried out on Wednesday 11 Oct 2006 Mayo: At 8 a.m. Wednesday morning in Mayo sit down protestors blocked the transport of workers to […]

International Herald Tribune: Report sponsored by Shell sees British economic opportunities in combating global warming

The Associated Press Published: October 12, 2006   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 30 billion pounds […]

Reuters: UPDATE 1-All hostages at Shell Nigerian oil platform freed

LAGOS, Oct 12 (Reuters) – Nigerian villagers who overran a Royal Dutch Shell (RDSa.L: Quote, Profile, Research) facility in the delta have freed all the 60 oil workers and troops they held hostage, officials said on Thursday. Armed youths from the Oporoma community in Bayelsa state seized the facility on Tuesday, forcing Shell to shut […]

The Peninsula (Doha): First RasGas LNG delivery reaches Mexico

12/10/2006     Ras Laffan Liquefied Natural Gas Company Limited (RasGas) made its first delivery of liquefied natural gas (LNG) from the shores of Qatar to Mexico on October 8, a press release issued by RasGas said yesterday. This historical event followed a spot sale to Shell Western LNG B V by Ras Laffan Liquefied Natural […]

Gulf-Times (Qatar): Russia ups pressure as Exxon delays Sakhalin-1 full exports

(An aerial view of the Yastrev (Hawk) land rig at Sakhalin-1’s Chaivo field, some 1,000km (621 miles) north of Yuzhno Sakhalinsk on Tuesday.) Published: Thursday, 12 October, 2006, 10:11 AM Doha Time  When ExxonMobil finishes drilling the world’s longest oil on Sakhalin island next year, it hopes to leave behind something more than just technological […]

Falls Church News-Press: The Peak Oil Crisis: Turning Points

By Tom Whipple     Thursday, 12 October 2006  From a peak oil perspective, the last couple of weeks seemed pretty quiet. Oil prices continued to drift down into the $50s amid gloats from peak oil skeptics. The Dow Jones climbed to all-time highs, in part, due to optimism the “oil bubble” had finally burst and there […]

UpstreamOnline: Hostages freed from Shell platform

Thursday 12 October 2006 By Upstream staff Armed villagers who invaded an oil facility operated by Anglo-Dutch supermajor Shell in the Nigerian delta have freed most of the scores of workers and troops they took captive, the company and police said today. The attack by the Oporoma community in Bayelsa state forced Shell to shut […]

Lloyds List: Oil majors jump in at the deep end to reap financial rewards

Oil companies are becoming more focused on developing hydrocarbon resources in ever deeper waters, which is also good news for shipyards, writes Martyn Wingrove, Lloyds List Published: Oct 12, 2006 MORE oil industry capital investment is heading to the ultra-deepwater provinces and basins as energy companies are searching ever deeper for resources. Major oil groups, […]

Irish Times: Engineers call for study to find best site for Corrib gas terminal

By: Lorna Siggins, Marine Correspondent Published: Oct 12, 2006 Two chartered engineers have called on Minister for the Marine Noel Dempsey to commission a report on the “optimum location” for the controversial Corrib gas terminal, which might help to break the impasse over the 900 million project. Former Bord Gais official Leo Corcoran and Brian […]

Irish Independent: Anti-Shell activists stage sit-in at firm’s HQ

Published: Oct 12, 2006 ANTI-Shell activists have pledged to carry out further protests after staging a sit-in at the company’s headquarters in Dublin yesterday. Seven protesters occupied the reception area of Corrib House on Lower Leeson Street, while six more used a borrowed ladder to climb up on to the roof. The protest ended peacefully […]


Published: Oct 12, 2006 MELBOURNE, Oct 12 Asia Pulse – Australia’s largest resources project, The North West Shelf Venture (ASX:WPL), has signed a deal with Chubu Electric of Japan for the ongoing supply of liquefied natural gas. In a seven-year deal starting in April 2009, the $A14 billion ($US10.37 billion) West Australia-based North West Shelf […]

The Independent: You can go your own way

EXtract: While Business Link offers face-to-face support, other organisations such as Shell Live WIRE – which is aimed specifically at the 16-30 age group – provide online help. Executive director Duncan Robbie says, “Increasingly, young people are coming up with their business idea while they are still at university, so online support is particularly accessible […]

The Wall Street Journal: Nigerian Rebels Free Most Hostages

Associated Press October 11, 2006 9:06 p.m. LAGOS, Nigeria — Most of the dozens of troops and oil workers taken hostage in a raid on a navy base and neighboring oil facility in southern Nigeria have been released, police said Wednesday. The eight remaining hostages — employees of a subsidiary for Royal Dutch Shell PLC […]