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Posts from ‘January, 2007’

The Wall Street Journal: EU Targets Oil Firms In a Fresh Attempt To Reduce Emissions

By JULIANE VON REPPERT-BISMARCK January 31, 2007 5:56 p.m. BRUSSELS — The European Commission opened a second front in its fight against climate change with a call for binding rules that will force oil refiners to cut carbon-dioxide emissions from vehicle fuel 10% by 2020. The commission is facing resistance from Europe’s auto industry and […]

THE WALL STREET JOURNAL: OIL NEWS ROUNDUP: January 31, 2007 4:03 p.m.

Crude-oil futures surged to a new four-week high Wednesday after U.S. government data showed distillate inventories, which include heating oil, fell more than expected amid continued forecasts for cold U.S. weather. Here is Wednesday’s roundup of oil and energy news: * * * CNOOC UNDER PRESSURE: Domestic production troubles are putting pressure on Cnooc to […]

The Scotsman: Billionaire, benefactor … but is Bill Gates a force for good?

EXTRACT: An investigation of companies in which the foundation invests £16.8 billion led to accusations that it was profiting from firms whose activities contribute to the problems, such as poverty, debt and disease, that it was trying to solve.  IN EARLY January an investigation by the Los Angeles Times found that the foundation had invested […]

RIA Novosti: Decision on holding to develop offshore deposits possible in Q1

19:01 | 31/ 01/ 2007  ST. PETERSBURG, January 31 (RIA Novosti) – A decision on whether to set up a state holding to oversee the development of Russia’s offshore oil and gas deposits could be made in the first three months of 2007, a deputy natural resources minister said Wednesday. Russia has moved to tighten […]

The Times: Mirror, mirror on the wall, how can oil plan at all?

January 31, 2007 Carl Mortished: European Briefing   Every morning as he brushes his teeth, a European oil company chief is reminded of the big question: is his business more like a tube of toothpaste or a glass of water? If the latter, his job is to make money by being efficient, to keep the […]

PrimeNewswire.com: CO2 Tech Commissioned to Develop Anti-Global Warming Solutions for Sakhalin II Energy

Project a Joint Venture of Gazprom, Shell, Mitsui & Mitsubishi LONDON, Jan. 31, 2007 (PRIME NEWSWIRE) (PRIMEZONE) — CO2 Tech (Pink Sheets:CTTD) President, Ms. Helga Schotten, today announced that CO2 Tech, a UK-based provider of cutting-edge, anti-global warming technology solutions announced that CO2 was commissioned to perform environmental effects monitoring and analysis and develop environmental […]

wfaa.com (Texas): 32 Shell Oil employees hurt in bus-train crash

05:49 AM CST on Wednesday, January 31, 2007 HOUSTON – At least 32 Shell Oil Co. workers were injured early Tuesday when a train collided with a bus carrying contract employees at the company’s Deer Park refinery. The workers were taken to area hospitals for observation or treatment of injuries ranging from bumps and bruises […]

Sheffieldtoday.net: Caution for man in gas pipeline protest

A SHEFFIELD man was released with a police caution after mounting a balcony protest at the Irish Embassy in London over plans for a gas pipeline. The 26-year-old climbed on to the balcony of the ambassador’s office at the Embassy to protest against a controversial Shell gas pipeline in north Co Mayo. He initially refused […]

Associated Press: Russia OKs Draft Bill on Foreign Investors

By ALEX NICHOLSON 01.31.07, 7:13 AM ET   The Russian government gave tentative approval Wednesday to long-awaited draft legislation that would restrict foreign companies’ access to oil and gas fields and mineral deposits that are deemed strategic. The new regulations, which will also limit foreign access to over 40 sectors of the economy, such as military […]

Bloomberg: Train Hits Van at Houston Shell Refinery; Dozen Hurt (Update1)

By Barbara Powell Jan. 30 (Bloomberg) — A lone locomotive struck a van carrying Shell Oil Co. contract employees at a refinery near Houston, causing minor injuries to about a dozen workers. The accident in Deer Park, Texas, occurred about 7:40 a.m on Shell property, company spokeswoman Emily Oberton said. As many as a dozen […]

Western Mail (UK): Welsh firm wins hot contract in Russian oilfield

Jan 31 2007 David Williamson,   ONE of Russia’s most ambitious and controversial energy projects will use Welsh fire safety technology in a “seven-figure” link-up with Pontypool-based Flamgard. Its products will protect staff extracting oil and gas in sub-zero temperatures on the island of Sakhalin, north of Japan. The $20bn venture made headlines worldwide last […]

Dow Jones Newswires: US Govt Probe of Shell-Iran Deal May be Sanctions Test Case

By  Ian Talley: WASHINGTON The U.S. government will likely investigate to see if Royal Dutch Shell’s (RDSA) upstream services agreement for a $4.3 billion liquefied natural gas project in southern Iran violates its sanctions laws, a State department spokesman said Monday. The deal may become the next test case for the State Department, accused by […]

The Australian: US may punish Shell for Iran deal

Ed Crooks, London January 31, 2007 THE US authorities would “take a look at” a controversial agreement signed by Royal Dutch Shell which could ultimately lead to a multi-billion-dollar investment in Iran, a US State Department official said. Shell and its partner, Repsol of Spain, have signed a service agreement with the Iranian Government to […]

Financial Times: values must still matter to tomorrow’s companies

By Stuart Hampson: Published: January 31 2007 02:00 | Last updated: January 31 2007 02:00 An invitation in 1992 to join a group of leaders from 25 big UK companies to look at the role of business in a changing world would normally have seemed instantly resistible. But the facts that the invitation came from […]

Financial Times: Pathfinders to a distant future

By Graham Bowley Published: January 31 2007 02:00 | Last updated: January 31 2007 02:00 The urge to predict the future goes back to the oracle in the temple at Delphi, to Nostradamus uttering his gnomic quatrains and to the Romans consulting the entrails of slaughtered bulls. Today, those working in the “futurist” profession glean […]

Indymedia: Irish Embassy protest against Shell Hell

31.01.2007 01:28 Press Release Today, supporters for the Anti-Shell Campaign took their protest to the Irish Embassy. The action was to target the Irish State; Shell; Statoil and Marathon who are attempting to construct a dangerous and experimental onshore raw gas pipeline and refinery in County Mayo; a beautiful remote part of North West Ireland. […]

Sherwood Park News: Explosive chemical leaked from Shell Scotford

No injuries in incident as crews contain vapour to plant site by Dave S. Clark Wednesday January 31, 2007 Residents and businesses in northern Strathcona County were in lockdown on Sunday afternoon due to the release of an explosive chemical at the Shell Scotford Upgrader. According to Erin Carrier, a spokesperson for Alberta Environment, the […]

New Straits Times, Malaysia: High seas drama: Helicopter crashes off Bintulu, nine rescued, one missing

31 Jan 2007 Firdaus Abdullah, Dennis Wong and Adrian David KUCHING: For the second time in three months, a helicopter en route to an offshore oil facility has crashed into the sea, this time off Bintulu. A 26-year-old technician remains missing while seven others and the Super Puma L2’s two pilots were rescued in choppy […]

UPI: Oil tech missing after chopper crash

KUCHING, Malaysia, (UPI) — A technician was missing after a helicopter carrying employees to offshore oil drilling platforms crashed Tuesday in the South China Sea off Malaysia. Seven passengers and two pilots were rescued, the New Straits Times reported. The missing man was identified as Irwan Fasla Aini Salihin, a technician with a Petronas contractor. […]

Nine Injured, One Missing In Malaysian Helicopter Crash

Nine people were injured and one remains missing after a helicopter carrying staff of Malaysian national oil company Petronas crashed in deep seas off the eastern state of Sarawak on Borneo, reports said Wednesday. The Super Puma L2 helicopter, carrying 10 people including two pilots, was reported to have crashed Tuesday en route to an […]

The Guardian: Campaigners urge Shell to put profits into clean-up

· Green groups put firm’s damage bill at $20bn · Record earning ‘should go to local communities’ Terry Macalister Wednesday January 31, 2007 Record annual profits to be announced by Shell tomorrow should be used towards paying off a bill estimated at more than $20bn (£10bn) for the damage caused by its oil activities to […]

CSRwire: Royal Dutch Shell: Use your profits to clean up your mess

01/30/2007: Press Release from Global Community Monitor New report about damage to the environment and communities caused by Shell (CSRwire) SAN FRANCISCO, CA (USA) / AMSTERDAM (The Netherlands) / LONDON (UK) – January 31, 2007 – A new report, launched the day before oil giant Shell announces its 2006 annual profits (on 1 February 2007) […]

The Wall Street Journal: U.S. May Probe Shell Gas Deal

Investment in Iran Likely Exceeds Limit Set by Sanctions Law By IAN TALLEY January 31, 2007 WASHINGTON — The U.S. will likely investigate whether Royal Dutch Shell PLC’s upstream services agreement for a $4.3 billion liquefied-natural-gas project in southern Iran violates its sanctions laws, a State Department spokesman said. U.S. law bars companies from doing […]

The Wall Street Journal: Congress Gets Hot Over Iran Deals: Shell… ‘must be held accountable’

January 30, 2007, 8:34 pm Some prominent lawmakers want the Bush administration to get tough with European and Asian companies moving ahead with big investment deals in Iran’s lucrative oil and gas industry, the backbone of the country’s economy. Royal Dutch Shell and Spain’s Repsol are the latest companies to announce possible multi-billion dollar exploration […]

THE WALL STREET JOURNAL: Oil News Roundup: January 30, 2007 4:07 p.m.

Crude-oil futures rose more than 5% to a three-week high of nearly $57 a barrel, boosted by colder U.S. weather and looming OPEC production cuts. Here is Tuesday’s roundup of oil and energy news: * * * EMERGENCY GLOBAL-WARMING SESSION: United Nations Secretary-General Ban Ki Moon is planning an emergency meeting of world leaders in […]

The Moscow Times: Rosneft and Gazprom Put Their Feud Aside

Tuesday, January 30, 2007. Issue 3585. Page 1. By Miriam Elder Staff Writer Recent partnership deals between Rosneft and Gazprom have paved the way for major shifts in the energy industry that will further squeeze out foreign oil majors while enabling a much-needed boost in production, analysts say. The two state-owned companies have emerged from […]

Videotaped Deposition of former Chief Executive of Shell Exploration & Production Walter van de Vijver

Videotaped Deposition of former Royal Dutch Shell Group MD and Chief Executive of Shell Exploration & Production – Mr Walter van de Vijver, in Washington, D.C. 16 Wednesday, January 31st, 2007: 17 9:39 a.m. (first 390 pages) Exhibit 290: Walter van de Vijver Deposition (70 pages) Exhibit 291: Walter van de Vijver Deposition (65 pages) […]

National Post (Canada): Swift action cut costs in giant

oilpatch deal SCOTIAWATEROUS CNQ paid US$4B for Anadarko’s Canadian assets BY SCOTT DEVEAU Financial Post [email protected] The brevity of a deal is sometimes as important as the price, and that certainly was the case with the largest oil and gas acquisition in Canada last year. The breakneck pace in which Canadian NaturalResources Inc.’s “swat team” […]

Calgary Herald: Russian watchdog alleges ‘violations’ at BP gasfield

20 January 2007 Claims raise fear oil firm will lose control of project AGENCE FRANCE-PRESSE Russia’s environmental watchdog alleged on Monday violations in the huge Siberian gasfield run by a unit of BP, raising fears that the British oil major could lose control of the project. “We asked for information on (gasfield) Kovykta. . . […]

THE HINDU: Energy war

EXTRACT: SAKHALIN-2 TAKEOVER: In December, Gazprom ousted Royal Dutch Shell from its leading position in Asia’s biggest energy project, Sakhalin-2. Faced with multi-billion-dollar legal actions and licence recall over environmental damage, Royal Dutch Shell and its two partners, Mitsui and Mitsubishi, agreed to sell just over 50 per cent of their shares to Gazprom. With […]

The Age (Australia) : Shell Iran deal revives BHP pipedream

EXTRACTS: THE lure of Iran’s vast oil and gas reserves has proved too tempting for Repsol and Royal Dutch Shell… But Washington’s tough line over petroleum investment in Iran means it will be hard for companies to maintain operations in the US.  John Browne, chief executive of rival BP has bowed to US pressure and […]

ChinaView: Shell Helicopter crashes in South China Sea

KUALA LUMPUR, Jan. 30 (Xinhua) — A helicopter carrying 10 oil rig workers and two pilots crashed in the South China Sea offshore Bintulu in Malaysia’s eastern state of Sarawak on Tuesday afternoon. The website of Malaysia’s English-language newspaper The Star said that nine of the workers had found alive, one was missing, while the […]

BBC News: In pictures: Delta artists

“I call this piece of sculpture Shell or Hell because [oil giant] Shell has done nothing but bring hell to the people of the Niger Delta,” says sculptor Pius Waritimi. Last Updated: Tuesday, 30 January 2007, 12:25 GMT  For the complete article go to… http://news.bbc.co.uk/2/hi/in_pictures/6313035.stm Like this:Like Loading…

THE CALIFORNIA GASOLINE CRISIS: (with a related letter to Shell Oil President, John Hofmeister)

Why Californians Pay More at the Pump And How True Reforms Will Help California Service Station and Automotive Repair Association 1202 Grant Avenue, Suite B-1 Novato, California 94945 (415) 892-1243 www.CSSARA.org ________________________________________ TABLE OF CONTENTS Executive Summary I. HOW THE CALIFORNIA MARKET OPERATES TODAY II. COST TO CONSUMERS AND BUSINESSES III. OIL COMPANY PROFITS IV. […]

Rigzone.com: Shell Offers Farm-In Opportunity Offshore Brazil

Monday, January 29, 2007  Shell Brasil Ltda. formally announces the opening of a Data Room for block BMS-31, Santos Basin, Brazil. The block is in shallow water (500m), contains a near term drilling opportunity, and greater than 1,000MMbbls potential. BMS-31 contains a drill-ready prospect with primary objective volumes estimated at 560MMbbls (STOIIP) of light oil. […]

WALL STREET JOURNAL ONLINE: Oil News Roundup: January 30, 2007 12:37 a.m.

Crude-oil futures fell to $54 Monday after Saudi Arabia’s ambassador to the U.S. implied prices aren’t too low for the oil-producing kingdom, fueling speculation OPEC won’t attempt extra production cuts to buoy prices. Here is Monday’s roundup of oil and energy news: * * * SAUDIS TO PARE OUTPUT AGAIN: Saudi Arabia is cutting oil […]

EarthTimes.org: Energy Watch: Gazprom mulls building a refinery for Iranian oil

By ANDREA R. MIHAILESCU Neft said it is considering constructing a $1.7 billion oil refinery with a capacity of 7 million tons of oil annually in Armenia near the border with Iran. The cost of the transportation infrastructure could cost an additional $1 billion.Industry analysts say that the project has little economic incentive; instead, there […]

MosNews: Russian Economy, Energy Ministries Oppose Iranian Gas Cartel Proposal

Created: 30.01.2007 09:01 MSK (GMT +3), Updated: 09:01 MSK Russia’s Economy and Industry and Energy Ministries see no economic justification for Iranian Supreme Leader’s suggestion to create an international natural gas cartel. As MosNews has reported yesterday, Iran’s Supreme Leader Ayatollah Khamenei spoke in favor of setting up “a cooperation organization in the gas sphere, […]

The Globe & Mail: Shell’s move away from gas refining gains pace with sale

Reuters News Agency LONDON — Royal Dutch Shell PLC says it is selling its Los Angeles refinery and related assets to Tesoro Corp. for $1.63-billion (U.S.) as the Anglo American oil giant further reduces its exposure to the refining industry. Tesoro chief executive officer Bruce Smith said the purchase will give the company profit growth […]

ThisDayOnline (Nigeria): Supreme Court Orders Shell to Pay Firm N6.6bn

By Davidson Iriekpen, 01.30.2007   The Supreme Court has ordered Shell Trustees Limited (STL), a subsidiary of Shell Petroleum Development Company (SPDC), to pay a construction firm, Bill Construction Company Limited (BCCL), the sum of N6.6 billion in damages for a breach of contractual agreement between them. Besides, three banks (First Bank of Nigeria, Platinum […]