Posts on ‘January 29th, 2007’

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 [...]

By Ed Crooks in London Published: January 29 2007 23:39 | Last updated: January 29 2007 23:39 The US authorities will “take a look at” a controversial agreement signed over the weekend by Royal Dutch Shell that could ultimately lead to a multi-billion dollar investment in Iran, a US State Department official said. Shell and [...]

Terry Macalister Tuesday January 30, 2007 Shell has signed an important deal to help Iran develop a major gas field, ignorming growing pressure from George Bush to isolate the country for being part of what he alleges is an “axis of evil”. The Anglo-Dutch group, which is struggling to bring more momentum to its business [...]

By Russell Hotten Last Updated: 12:44am GMT 30/01/2007 Russia’s official environment agency is to review the operation of licences that allow TNK-BP to develop the giant Kovykta gas field, where Gazprom, the state-run energy company, is negotiating to become a partner. Although the agency has not made recommendations about withdrawing the licences, the issue has [...]

By Russell Hotten Last Updated: 12:44am GMT 30/01/2007 A proposed agreement between Royal Dutch Shell and Spain’s Repsol to help commercialise Iranian gas fields could trigger US sanctions, a senior Washington official warned last night. On Sunday Iran signed a preliminary agreement with the two companies to produce liquefied natural gas from its South Pars [...]

Officials say they will likely review Shell’s deal with Spain’s Repsol to develop Iran’s biggest natural gas field. January 29 2007: 5:41 PM EST WASHINGTON (Reuters) — A preliminary multibillion-dollar deal to develop a giant Iranian natural gas field signed by Royal Dutch Shell would likely trigger a review by U.S. officials to see if [...]

DOW JONES NEWSWIRES January 29, 2007 9:29 a.m. HOUSTON — Tesoro Petroleum Corp. acquired Royal Dutch Shell PLC’s Los Angeles-area refinery for $1.63 billion, in a move to enhance its position as the leading West Coast refiner. Tesoro Chief Executive Bruce Smith announced plans to acquire the 98,000 barrel a day refinery on Monday. The [...]

Terry Macalister Monday January 29, 2007 Shell has signed an important deal to help Iran develop a major gas field, ignoring growing pressure from George Bush to isolate the country for being part of what he alleges is an “axis of evil”. The Anglo-Dutch group, which is struggling to bring more momentum to its business [...]

 Gas, Gaeilge and the Media: A Systematic ‘Trend’ The private media are major corporations selling a product (readers and audiences) to other businesses (advertisers).” ['Manufacturing Consent' by Edward Herman and Noam Chomsky] [5] Ireland‘s most influential news organisations are all to a large degree dependent on advertising as their principle form of revenue. And those [...]

By Victor Epstein Jan. 29 (Bloomberg) — Tesoro Corp., a Texas refiner, agreed to buy Royal Dutch Shell Plc’s refinery near Los Angeles and 140 filling stations for $1.63 billion, to lift its capacity to process low-cost crude and tap the largest U.S. fuel market. The filling stations, located in Southern California, will continue to [...]

Message posted on Live Chat following announcement of Shell sale of assets in California as announced today, 29 January 2007. guest_9321 : Shell’s sale of Californian downstream assets will avoid excessive concentration of downstream capacity in the event of a merger – BP is already No. 1 in California according to their website This is [...]

Nicholas Neveling, Accountancy Age, 29 Jan 2007 Sakhalin to hit Shell reserves accounting Shell may be forced to cut oil reserves by a billion barrels after halving stake in Sakhlin joint venture with Russian government. Oil giant Shell is facing a a new accounting crisis as analysts predict that the oil group will have to [...]

Royal Dutch Shell plc today welcomed the below announcement by Shell Oil Products US that it has signed an agreement to sells its Los Angeles Refinery and related assets to Tesoro:   Houston – Jan. 29, 2007 – Shell Oil Products US announced today that it has signed agreements to sell its Los Angeles Refinery, Wilmington [...]

EXTRACT: President Vladimir Putin has since made it clear that Russian companies will have a controlling stake in all major energy projects, a point driven home when Shell and its Japanese partners handed over a controlling stake in the Sakhalin-2 oil and gas project to Gazprom last month after prolonged state pressure. THE ARTICLE Monday, [...]

EXTRACT: “…it is likely that the report from Rosprirodnadzor will help Gazprom in its attempt to wrestle control of the company from TNK-BP. In Mr. Nesterov’s opinion, the situation will play out similarly to Sakhalin-2, in which the environmental oversight authorities ceased their attacks once Gazprom joined the project.” THE ARTICLE Gazprom and TNK-BP Will [...]