Posts on ‘January 8th, 2007’

From Tim Newman Firstly, I took issue with your comment that: Sakhalin II costs doubled to an admitted $20 billion, thereby ruining Shell�s reputation for competent project management. The fact remains that Shell�s reputation for competent project management does not lie in ruins, and were a poll run across the oil and gas industry tomorrow [...]

Last Updated: 08/01/2007� 12:36 Kath Kyle Protesters continued their action against the Shell-sponsored Corrib gas project this morning as work restarted there after the holidays. Shell to Sea spokesman Dr Mark Garavan told ireland.com: “Around 70 people were at the construction site this morning to register their opposition to the pipeline and gas processing facility [...]

Derek Brower in Colchester, UK 2007-01-08 His office in a modest home in Colchester is littered with computers and other electronic equipment. A wide-screen television is tuned to BBC news. And the dog is in the car, so as not to disturb bne’s correspondent as he interviews John Donovan – David to Shell’s Goliath. In [...]

08 January 2007 From Tim Newman Rather than trying to discredit what I wrote by telling your readers I work for Shell Exploration & Production, you�d have been far better responding to the comment itself, i.e. by saying exactly why you disagree with what I have written. Instead you have made a rather catastrophic blunder [...]

Bloomberg News, International Herald Tribune, Reuters, The Associated Press Published: January 8, 2007 WARSAW: A Russian oil pipeline carrying supplies across Belarus to Poland and Germany has stopped operating in an increasingly bitter trade dispute between Moscow and Minsk, Polish officials said Monday. Simon Vainshtok, head of Transneft, the Russian state-owned oil pipeline monopoly, accused [...]

RoyalDutchShellPlc, Europe�s largest oil company by market value, will produce 2.5 per cent fewer barrels of oil equivalent by 2010 than forecast by UBS after handing over half of its stake in Russia�s Sakhalin-2 venture to OAOGazprom, the investment bank said. Shell�s production in 2010 is estimated to be 3.93 million barrels of oil equivalent [...]

Russian President Vladimir Putin, shown at an Orthodox Christmas service yesterday, has invoked the fragile habitat of the grey whale in a dispute with Royal Dutch Shell over oil. (Photograph by Reuters) A shrewd battle for control of oil in the Pacific could be all the grey whale needs to survive, writes Mike Blanchfield. Published: [...]

Source:� (08 January 2007) Oil and Natural Gas Corporation (ONGC), through its consortium partner in the Sakhalin-1 field in Russia Exxon Mobil, is in negotiation with Royal Dutch Shell for liquefying the gas from the fields before it is exported to China, reports Economic Times.�� � The operator of the field, Exxon Mobil, had on [...]

EXTRACT: They cite pollution related to Shell’s activities in the Niger delta and Myanmar villagers’ accusations that forced labour was used to build a pipeline for Total SA, which paid to settle a lawsuit based on the claims, as examples of an industry that is fundamentally unsuitable for ethical investment. THE ARTICLE � UK: January [...]

By Catherine Elsworth Last Updated: 1:32am GMT 08/01/2007 The Bill and Melinda Gates Foundation is investing in companies that could be causing ailments in the very people it helps to treat in the developing world, according to an investigation by the Los Angeles Times. The world’s largest philanthropic organisation, established by the Microsoft billionaire and [...]

January 08, 2007 Elizabeth Colman � With its ramshackle and expensive public transport, overpriced homes and costly office space, London already faces a challenge in selling itself as a corporate base. Now tax, once a plus point for Britain, is emerging as a negative and accountants are advising foreign companies against basing their headquarters in [...]

By BOBBY MAGILL The Daily Sentinel Sunday, January 07, 2007 The sprint to coax oil from solid rock officially has begun for three energy companies hoping they hold the technological key to America�s energy independence. But before shale oil can flow from the Piceance Basin with the ferocity of Saudi Arabian black gold, the three [...]