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January 30th, 2007:

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” of evaluators put together its US$4-billion offer for Anadarko Petroleum Corp.’s Canadian assets last year wound up undercutting the advertised price by about US$1-billion, according to Adam Waterous, president and head of ScotiaWaterous, which acted as financial adviser for Canadian Naturalon the deal. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

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. . . . We received this information and they showed that one point of the licence was not adhered to,” Rosprirodnadzor deputy head Oleg Mitvol said.

He said the gasfield, run by a unit of TNK-BP, which in turn is 50 per cent owned by BP and 50 per cent owned by Russia’s Alfa Access Renova, would be inspected in March. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

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 takeover of Sakhalin-2, the better part of the Russian oil and gas sector reverted to government control.

THE ARTICLE  read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

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 will not invest in Iran — he is concerned about compromising his company’s US interests.

Mark Hawthorne
Wednesday January 31, 2007

THE lure of Iran’s vast oil and gas reserves has proved too tempting for Repsol and Royal Dutch Shell, which are negotiating to build a $US4.3 billion ($A5.6 billion) liquefied natural gas (LNG) plant and port terminal at the country’s South Pars gas field by the end of the year. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

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 fate of the pilots remained unknown so far.

Sarawak Shell had dispatched a search and rescue team to the spot where the incident took place.   
  
www.chinaview.cn 2007-01-30 19:29:57 read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

BBC News: In pictures: Delta artists

BBC Nigeria article

“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

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

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. OTHER STATES ARE ACTING
V. SOLUTIONS FOR CALIFORNIA
VI. OIL COMPANIES OPPOSE REFORM
Appendix A: You Can’t Believe Any Claim Made by the Oil Companies
Appendix B: QUESTIONS AND ANSWERS
Executive Summary
 
A Gallon of Gas in California
Costs 30-40 Cents More than US Average
 
Source: American Automobile Association, 4-4-03. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

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. In addition, a number of follow-up prospects have been identified. Total unrisked recoverable volumes on the block are greater than 1,000MMbbls STOIIP. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

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 output by an additional 158,000 barrels a day, part of a broader campaign by OPEC to shrink inventories and shore up prices. After the cuts take effect Feb .1, Saudi production will have declined by about a million barrels a day since last summer, a senior Saudi oil official said. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

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 could possibly be political considerations behind the project. The project would provide significant political dividends.

Local reports said Armenia’s interest in the refinery is obvious. After relations between Moscow and Tbilisi deteriorated and Georgia adopted a pro-NATO and pro-U.S. position, Russia, which is its main strategic partner and sponsor, threatened to cut Armenia off. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

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, similar to OPEC”. Khamenei pointed out that together Iran and Russia hold about half of the world’s gas reserves. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

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 even as it faces flatter gasoline margins.

The deal also includes 250 California service stations in and around Los Angeles and San Diego as well as supply agreements. Tesoro, which is based in San Antonio, Tex., expects to complete the deal in the second quarter of 2007. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.
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