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Posts on ‘January 16th, 2007’

The Times: A lack of accountability is at the heart of BP’s guilt: ‘a cowboy outfit’

January 17, 2007 On March 23, 2005, 15 people went to work at BP’s refinery at Texas City. They did not come home. They were killed by a huge explosion, perhaps the worst accident in an American workplace in the past 20 years. The Baker report will fail to satisfy the families of those victims [...]

The Times: BP explosion: the Baker report

EXTRACT: Two men died on Shell’s Brent Bravo platform in 2003, overcome by a gas escape as they inspected a botched pipe repair. A Shell safety auditor in 1999 had recommended shutting down the platform. At the time, however, Brent Bravo was supplying a quarter of Britain’s gas. January 17, 2007 Cutting costs for energy [...]

The Guardian (UK): Few bright prospects after the Sun King

Nils Pratley Wednesday January 17, 2007 The passage where Lord Browne will have felt the twist of the knife is on page 67 of the Baker report, just after the authors note that BP’s chief executive was named by the Financial Times as the fifth most respected leader in the business world. “Browne’s passion and [...]

News24.com: 12 chiefs dead Nigeria clashes

16/01/2007 22:23  – (SA)     Port Harcourt – Royal Dutch Shell evacuated staff from two oil installations in southern Nigeria and the military boosted troop levels in the volatile area on Tuesday after community clashes left a dozen chiefs dead, said officials. Bisi Ojediran, a spokesperson for Shell PLC, said only a skeleton crew remained at [...]

THE WALL STREET JOURNAL ONLINE: Oil News Roundup: January 16, 2007 4:44 p.m.

Crude-oil futures tumbled more than 3% to $51.21 a barrel on the New York Mercantile Exchange, after Saudi Arabia’s oil minister said major oil producers need not cut production further, disappointing hopes that OPEC would intervene to prop up prices. Here is Monday’s roundup of oil and energy news: BP’S DILEMMA: BP is scrambling to [...]

Ireland.com: Court told Shell ‘let men stay in jail’

Last Updated: 16/01/2007  17:24 Shell E&P Ireland allowed five men languish in prison for several weeks after the company had agreed to cease work on its controversial onshore gas pipeline pending the outcome of a safety review by the Minister for Communications, Marine and Natural Resources, the High Court has heard. The court was told [...]

Financial Times: Baker report on BP published

Published: January 16 2007 12:14 | Last updated: January 16 2007 15:23 The Baker report into BP’s safety standards in the US is now out. BP says it will implement the report’s recommendations. The report runs to 374 pages, so we’re still going through it. Here are some highlights so far: “The Panel believes that [...]

Financial Times: BP’s safety failures are not yet resolved

Published: January 16 2007 18:26 | Last updated: January 16 2007 18:26 Another month, another Baker report. December’s report from the Iraq Study Group, co-chaired by James A. Baker III, former US secretary of state, has been largely ignored by America’s president. But the management of BP, the oil giant, must not ignore Tuesday’s report [...]

Financial Times: Baker report: Key findings: Edited extracts of the main findings of the Baker report into the safety of BP’s US plants

Published: January 16 2007 15:33 | Last updated: January 16 2007 17:51 CORPORATE SAFETY CULTURE: Process safety leadership: The Panel believes that BP has not provided effective process safety leadership and has not adequately established process safety as a core value across all its five US refineries. While BP has an aspirational goal of “no [...]

UpstreamOnline: Gazprom budget favours equity deals

EXTRACT: Besides a stake in Gazpromneft, Gazprom will this year have to fund the purchase of a 50% stake in the Sakhalin 2 oil and gas venture from Anglo-Dutch supermajor Shell and its Japanese partners for $7.45 billion. THE ARTICLE By Upstream staff Russian Gazprom’s state-controlled board has approved an 11% rise in the company’s [...]

CBS News: Nigeria Clashes Leave a Dozen Dead

Nigeria clashes leave a dozen dead, prompt oil staff evacuation, troop rise   PORT HARCOURT, Nigeria, Jan. 16, 2007 DAN UDOH Associated Press Writer (AP) Royal Dutch Shell evacuated staff from two oil installations in southern Nigeria and the military boosted troop levels in the volatile area Tuesday after community clashes left a dozen community [...]

Bloomberg: Chevron, Shell Delay LNG Projects, Sending Gas Higher (Update2)

By Angela Macdonald-Smith Jan. 16 (Bloomberg) — Chevron Corp. and Royal Dutch Shell Plc are delaying construction projects from Australia to Nigeria, threatening to drive natural gas prices higher for years to come. None of the world’s biggest energy companies approved developments last year to increase production of liquefied natural gas, which helps heat homes [...]

Bloomberg: Shell Workers to Protest Plans for French Unit Sales (Update3)

By Fred Pals Jan. 16 (Bloomberg) — Workers at three French refineries owned by Royal Dutch Shell Plc, Europe’s largest oil company by market value, may start a “huge strike” in a protest against the possible sale of the facilities. Workers at the Petit-Couronne, Reichstett-Vendenmheim and the Berre-l’Etang refineries are planning a protest on Jan. [...]

Belfast Telegraph: Shell seeks to discontinue action against Rossport locals

Tuesday, January 16, 2007 Shell is making an application at the High Court to discontinue proceedings against four Rossport local residents about the route of the Corrib gas pipeline. Lawyers for the company say they cannot take action against Brendan Philbin, Willie Corduff, Phillip McGrath and Brid McGarry in respect of a line which is [...]

Canadian Press: Clashes in southern Nigeria leave a dozen dead; Shell evacuates oil staff

Dan Udoh Tuesday, January 16, 2007 PORT HARCOURT, Nigeria (AP) – Royal Dutch Shell evacuated staff from two oil installations in southern Nigeria and the military boosted troop levels in the volatile area Tuesday after community clashes left a dozen community chiefs dead, officials said. Bisi Ojediran, a spokesman for Shell PLC, said only a [...]