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Posts from ‘February, 2007’

RosBusinessConsulting: Gazprom to pay in cash for Sakhalin-2 stake

RBC, 28.02.2007, Tokyo 10:14:02.Gazprom will pay in cash for a stake in the Sakhalin-2 project, Russian Industry and Energy Minister Viktor Khristenko told a press conference in Tokyo today. He pointed out that a decision to this effect had already been made. Khristenko added that the process of Gazprom buying into Sakhalin-2 would be completed […]

RIA Novosti: Gazprom to supply 250 mln cu m to Turkey annually until 2021

MOSCOW, February 28 (RIA Novosti) – Russia’s Gazprom Export and Turkey’s Shell Enerji A.S. have signed a contract to supply Turkey with 250 million cubic meters of gas annually until 2021, a joint news release said. The contract was struck between Gazprom Export, which handles the energy exports of Russian energy giant Gazprom [RTS: GAZP], […] Mother Russia – A Pivotal Year Ahead

February 28, 2007 by KWR: Scott MacDonald    NEW YORK (KWR) — February 27, 2007 — Russia has come a long distance from the bad old days of the 1990s when it was forced to default on its domestic debt, the economy almost slipped into free-fall, and the country’s politics were unsteady. Over the last […]

The Wall Street Journal: Russia Is Urged to Build Pipeline

ASSOCIATED PRESS February 28, 2007 TOKYO — Japanese ministers urged Russia yesterday to push ahead with a proposed trans-Siberian pipeline that will carry oil and gas to the Pacific coast to feed Japan, saying Tokyo is prepared to pay part of the construction cost. Finance Minister Koji Omi also urged a visiting Russian delegation including […]

Kommersant: Fradkov the Generous

Feb. 28, 2007 Russian Prime Minister Showers Japan with Investment Projects Yesterday was the first day of Russian Prime Minister Mikhail Fradkov’s official visit to Tokyo. Although the prime minister, in his own words, “was not trying to surprise the Japanese,” the sheer volume of offers soliciting participation in Russian investment projects brought the table […]

Reuters: UPDATE 1-From Market Chatter

The arrival of BP (BP.L: Quote, Profile , Research) Chief Executive Lord Brown in Moscow has been met with the news that Oleg Mitvol, the official who led the recent campaign against Royal Dutch Shell’s (RDSa.L: Quote, Profile , Research) Sakhalin 2 project, will not budge on threats to revoke the licence which BP’s Russian […]

From a Shell insider: Entrepreneurial spirit around Shell!

Wednesday 28 February 2007: By a Shell Insider There is currently a severe shortage of good people in the oil business. An ambitious individual (to spare his blushes I won’t mention his name) recently left Shell’s HR department and has set himself up as a recruitment consultant. In order to get set up, it seems […]

The Scotsman: Cairn to return GBP 481m to investors after Indian float

EXTRACT: The Edinburgh company, whose chief executive counts US president George Bush and Tony Blair among his friends, bought the exploration block from Shell for little more than GBP 10m. THE ARTICLE Martin Flanagan City Editor, The Scotsman – United Kingdom Published: Feb 28, 2007 EDINBURGH-based oil explorer Cairn Energy is to return GBP 481 […]

PR Newswire (US): US Federal Government Ties Crude Sales to Argus

Published: Feb 28, 2007 HOUSTON, Feb. 27 /PRNewswire/ — Almost all crude oil sold by the US federal government under its latest Royalty in Kind program is linked to prices published by Argus Media. Companies buying oil from the government’s Minerals Management Service (MMS) specified Argus as the pricing reference in 98pc of all volumes […]


NEW DELHI, Feb 28 Asia Pulse – Petronet LNG Ltd (BSE:532522) is in advanced discussions for import of 2.5 million tons of liquefied natural gas (LNG) from the Gorgon Project in Australia, Minister of State for Petroleum and Natural Gas Dinsha Patel said on Tuesday. “Pricing of LNG would be indicated by the suppliers at […]

Financial Times: BP under pressure over Kovykta field

By Catherine Belton in Moscow Published: February 28 2007 02:00 | Last updated: February 28 2007 02:00 Russia stepped up pressure on a key asset held by TNK-BP, BP’s Russia venture, yesterday as Lord Browne, BP chief executive, arrived in Moscow for talks and the end-game neared for a possible transfer of part of a […]

Financial Times: Focus on buy-out scale

By Peter Smith and Angela Maier in Frankfurt Published: February 28 2007 02:00 | Last updated: February 28 2007 02:00 David Bonderman, founder of Texas Pacific Group, kicked off the private equity industry’s Super Return conference yesterday with adeclaration that the sector had now reached the scale to target the largest global companies. “There have […]

Bloomberg: Repsol, BP, European Oil Companies Struggle to Boost Output

By Stephen Voss Feb. 27 (Bloomberg) — Repsol YPF SA, Europe’s fifth-biggest oil company, joined BP Plc and Royal Dutch Shell Plc in cutting production forecasts after their output dropped in 2006 amid rising energy nationalism and supply disruptions. Repsol’s production this year will slide about 12 percent, following a 3.3 percent decline in 2006, […]

Bloomberg: Gazprom to Finish Sakhalin-2 Share Purchase in March (Update1)

By Shigeru Sato and Yuji Okada Feb. 28 (Bloomberg) — OAO Gazprom plans to complete the acquisition of shares in Royal Dutch Shell Plc’s Sakhalin-2 oil and gas project by March 31, giving the Russian company control over the country’s first liquefied natural gas project. “We’re targeting the end of March,” Igor Bakhtin, deputy head […]

Bloomberg News: Buyout firm record-setter sees bigger deals ahead

Equity firms seen making bigger deals   By Edward Evans Published: February 28, 2007   FRANKFURT: A day after he helped set a $45 billion record for the biggest buyout in the world, David Bonderman, co-founder of Texas Pacific Group, said Tuesday that he expected buyout firms to maintain their acquisition spree. Speaking at a […]

MarketWatch: Russian steps up pressure on BP over Kovykta Field

Last Update: 7:46 PM ET Feb 27, 2007 The Russian government has increased pressure on TNK-BP over one of its assets as BP PLC (BP) Chief Executive John Browne arrived in Moscow for talks, the Financial Times reported on its Web site Tuesday. Russian environmental regulatory official Oleg Mitvol said the Natural Resources Ministry wouldn’t […]

Plastics Information Europe: Shell Chemicals (London / UK; lifted ‘force majeure’ on C2 and C3 at Moerdijk / The Netherlands

Headline: Shell: FM for C2/C3 at Moerdijk lifted Shell Chemicals (London / UK; lifted “force majeure” on C2 and C3 at Moerdijk / The Netherlands on 19 February 2007, the company has confirmed. Shell declared force majeure on output from the site´s 900,000 t/y cracker on 11 December 2006, citing technical problems resulting from […]

Gulf-Times (Qatar): Shell may up LNG imports at $600mn Indian plant

Published: Wednesday, 28 February, 2007, 10:13 AM Doha Time   SINGAPORE: Royal Dutch Shell, the world’s biggest non-state liquefied natural gas producer, may double imports through a $600mn LNG terminal in India this year, after customers agreed to pay international prices for the fuel. Shell and partner Total aim to import about 24 cargoes this […]

Bloomberg: Shell Studies Options to Raise Output of N.Z.’s Kapuni Field

By Gavin Evans Feb. 28 (Bloomberg) — Royal Dutch Shell Plc, the world’s second-biggest oil company by market value, is studying alternative technology to extend the life of New Zealand’s oldest gas field. Kapuni, discovered in 1959, has pumped more than three times its original reserves estimate and Shell plans to keep it flowing by […]

The Times: Worrying exodus is not necessary

February 28, 2007 There is no rush by engineering graduates to work in the sector, but those who do enjoy high job satisfaction Martin Birchall When Sir John Rose, chief executive of Rolls-Royce, was said to have voiced concerns last year about the lack of experienced engineers in Britain’s industrial sector, he wasn’t highlighting a […]

The Times: Deadline buster

February 28, 2007 Making sure that you beat the application cut-off dates By Mike Barnard (Is this the Mike Barnard who used to work for Shell?) Taking a placement or sandwich year can be an invaluable career step, allowing you to acquire work experience, add to your CV and often earn a wage at the […]

The Geelong Advertiser: Dead fish wash up near Shell

Jeff Whalley Wednesday 28 Feb 07 HUNDREDS of dead fish washed up at a Shell Corio Bay outfall after being caught up at a seawater intake supplying water for refinery cooling. Victoria’s Environment Protection Authority yesterday said Shell had no case to answer over the deaths of hundreds of fish on Monday as they had […]


Because of the high traffic – the site now has over 2 millions hits every month, it is having to be upgraded to cope with the demand. This will hopefully prevent the notice “This Account Has Exceeded Its CPU Quota” from appearing. As our long term regulars will be aware, we had already outgrown the capability of our previous […] Shell vs.The Environment

We have a Right to the Truth – Officials have a Duty to Act “Very Little Hope for the World” – Ron Oxburgh, recent Chairman of Shell Oil This is a scary thought coming from an ex-Chairman of Shell. It shows that there are voices within Shell Oil Company that care about the planet even […]

Seeking Alpha: Royal Dutch Shell: Growing Investor Interest?

Posted on Feb 27th, 2007 with stocks: RDS.A Kurt Wulff (McDep Associates) submits: Buy the common shares of Royal Dutch Shell plc (RDS.A) for appreciation potential of 23% to estimated net present value of $84 a share, that depends first on crude oil production (40%), second on refined products (39%), and third on natural gas […]

The Daily Sentinel (Colorado): The grand delusion

Tuesday, February 27, 2007 There it was again last Friday — the old refrain that has been heard around these parts off and on for decades: A regional commercial oil-shale industry is just around the corner. Right. And ocean-front property will soon be available in Cisco, Utah. And this commercial oil-shale industry is destined to […]

Bloomberg: Shell May Double LNG Imports at $600 Million Terminal in India

By Dinakar Sethuraman Feb. 27 (Bloomberg) — Royal Dutch Shell Plc, the world’s biggest non-state liquefied natural gas producer, may double imports through a $600 million LNG terminal in India this year, after customers agreed to pay international prices for the fuel. Shell and partner Total SA aim to import about 24 cargoes this year, […]

Lloyds List: Energy Briefing

Published: Feb 27, 2007 FMC to supply Alve: FMC Technologies has gained a $55m contract from Statoil to supply the subsea system for the Alve project in the Norwegian Sea. FMC will build a four-slot subsea template with manifold, one subsea production tree, related control systems, umbilicals and an overtralable protection structure for Statoil’s project. […]

Lloyds List: Sturdy start for Britain as drill plans get green light

Published: Feb 27, 2007 THE BRITISH government has made a good start on its offshore energy plans for this year, sanctioning one onshore and four offshore projects, writes Martyn Wingrove . The Department of Trade and Industry has approved Shell’s plans to develop the Starling gas-condensate field in the North Sea as a satellite to […]

MarketWatch: Eni’s Kashagan oil field faces hurdles

EXTRACT: Last December, oil giant Royal Dutch Shell PLC was forced to cede control of the massive Sakhalin-2 oil and gas project to Gazprom. The Russian state achieved its goal with a campaign of constant environmental and safety inspections and lawsuits. THE ARTICLE By Polya Lesova NEW YORK (MarketWatch) — Italian oil giant Eni SpA […]

Financial Times: Commodities: the hot topic

EXTRACT: Large resources companies such as BP, Royal Dutch/Shell and RWE are also providing competition by tapping into their first-hand knowledge of the market to offer hedging services to their customers and third parties. “The competition is intense,” says Mr Bryce. THE ARTICLE By Kevin Morrison Published: February 27 2007 01:39 | Last updated: February […]

New York Times: Iraqis Reach an Accord on Oil Revenues

By EDWARD WONG February 27, 2007 BAGHDAD, Feb. 26 — The Iraqi cabinet approved a draft of a law on Monday that would set guidelines for nationwide distribution of oil revenues and foreign investment in the immense oil industry. The endorsement reflected a major agreement among the country’s ethnic and sectarian political blocs on one […]

New York Times: ‘Suits’ Join ‘Greens’ to Ride Renewables Wave

LONDON (Reuters) – Wind is filling the sails of the alternative energy industry after repeated past false starts, bringing big business and the green movement into an uneasy partnership — as investors smell money. Fears of hype and even a dotcom-style bubble cannot cloud their view that renewable energy’s day may have come, as the […]

The Times: Cairn Energy pays its first dividend

February 27, 2007 Oil explorer transformed into a FTSE 100 stock by blockbuster Indian discovery, which could have been Shell’s, hands out £481 million Steve Hawkes Soaraway oil explorer Cairn Energy is handing nearly £500 million back to shareholders in its first ‘dividend’ payout. The group, transformed into a FTSE 100 blue-chip by a blockbuster […]

The Tide (Nigeria): Shell earmarks N445m for host communities development

Shell Petroleum Development Company (SPDC) has earmarked an annual N445 million for the development of its host communities in DAA3 Cluster of Degema, Akuku-Toru and Asari-Toru Local Government areas of Rivers State. The amount is expected to be paid annually for a period of five years with effect from this year and in three installments […] (Canada): Oilsands cash gets thumbs-up from Shell boss

UPDATED: 2007-02-26 15:22:22 MST By DOUG McINTYRE, SUN MEDIA   Alberta’s three-year plan to spend almost $400 million to build up the booming oilsands region drew praise today from the president and CEO of petroleum giant Shell Canada. During a stop at the University of Calgary, Clive Mather said new infrastructure in rapidly-growing Fort McMurray […]

Manila Standard Today (Philippines): Shell case goes back to tax court

By Rey E. Requejo The Court of Appeals has authorized the Court of Tax Appeals to proceed with the litigation of the case filed by Pilipinas Shell Petroleum Corp. seeking to stop the Bureau of Customs from collecting P1 billion in custom duties from the importation of crude oil in 1996. In an eight-page decision […], UK: Shell Petroleum aparently using UAVs for wildlife monitoring in Alaska

A website not owned by Shell Petroleum, but one which closely tracks the activities of that company, has issued a document detailing what it believes to be Shell’s plans in Alaska this year under the title “Alaska 2007 program takes shape; environment, communities high priorities”, and within the details on Wildlife Monitoring, we found it […]

The Daily Sentinel (Colorado): Oil shale companies lag behind Shell

By MIKE McKIBBIN Tuesday, February 27, 2007 RIFLE — Community leaders and residents heard the latest about Shell Oil Exploration and Production’s oil shale test project in Rio Blanco County last week, but Rifle Mayor Keith Lambert wants to know what two other companies have planned as well. Those companies, Chevron and EGL Resources, are […]

MosNews: Russia, Japan Pledge to Strengthen Energy Cooperation, Boost Trade

Created: 26.02.2007 15:39 MSK Japan and Russia pledged to strengthen reciprocal relations in oil and natural gas development and boost trade at a ministerial meeting, which took place in Tokyo on Monday, Feb. 26. Russian Energy Minister Viktor Khristenko and Japanese Foreign Minister Taro Aso discussed two oil and gas projects in Russia’s Sakhalin Island […]

RIA Novosti: Sakhalin II shareholders urged to bring EBRD back into project

13:58 | 26/ 02/ 2007  TOKYO, February 26 (RIA Novosti) – Sakhalin II shareholders should work to restore financing from the European Bank for Reconstruction and Development for the hydrocarbon project off Russia’s Pacific coast, a Russian minister said Monday. The EBRD delayed its decision on a second loan to the oil and gas project, […]

Reuters: Gazprom head to visit Tokyo, Russian bankers in town

Mon Feb 26, 2007 1:01am ET TOKYO, Feb 26 (Reuters) – Russia’s state gas monopoly Gazprom (GAZP.MM: Quote, Profile , Research) is expected to meet with executives of Japanese firms to discuss technical partnerships and fund-raising this week, sources familiar with the situation said on Monday. The talks coincide with a visit by Russia’s Energy […]

BruDirect:com: Contradictions In Brunei’s Oil Town

By Wani Abdul Gapar Kuala Belait – Seria a dynamic oil town with sleepy coastal community. Nowhere one finds these two contradictions co-existing side by side for such a long period of time. The Brunei Times talked to some of the Seria residents and tried to find the reasons behind these contradictions. A Brunei Shell […]

International Herald Tribune: Roughnecks get resort-style housing as oil producers battle labor shortage

By Joe Carroll Bloomberg News Monday, February 26, 2007 INUVIK, Northwest Territories: Donnie Lewis said he would quit the coldest, dirtiest job he had ever known — drilling in the oil-rich bogs of Canada for Suncor Energy — if it were not for the free private room, maid service and five-course meals. “I wouldn’t do […]

Irish Times: 600 take part in Rossport protest

By Mark Rodden Published: Feb 26, 2007 Over 600 people took part in a Shell to Sea national demonstration in Dublin at the weekend to highlight continued opposition to the construction of the Corrib gas pipeline and terminal in Co Mayo. There was a strong Garda presence as protesters gathered at the Garden of Remembrance […]

The ludicrous claim that Shell is the world’s best oil company in sustainability, CSR, governance, ethics and transparency

By Alfred and John Donovan: 26 February 2007 Article and Open Letter To Dr William Cox The following is an extract from a PRNewswire press release published on 21 February 2007. “For the fourth consecutive year, Shell is the world’s best oil company in sustainability, social responsibility (CSR), corporate governance, ethics and transparency, according to […]

Gulf-Times (Qatar): Eni downgrades output growth target on Kashagan field delays

Published: Sunday, 25 February, 2007, 10:51 AM Doha Time   ROME: Eni SpA, Europe’s fourth-largest oil company, cut its growth target for oil production through 2010 after delaying the startup of the Kashagan field in Kazakhstan by two years and losing production in Venezuela and Nigeria. Output will increase by an average of 3% a […]

Petroleum News: Oil sands to build global presence

Consulting firm estimates Alberta resource will account for 25 percent of world’s unconventional supplies by 2025 By Gary Park Week of February 25, 2007 Vol. 12, No. 8 More than three decades of research and development in the once-scorned oil sands of Alberta may now be headed for a major payoff. According to United Kingdom-based […]

Petroleum News: MMS approves Shell’s exploration plan

Vol. 12, No. 8  Week of February  25, 2007 The regulatory process for Shell’s Beaufort Sea drilling plans passed a major milestone Feb. 15 when the U.S. Minerals Management Service approved the company’s eastern Beaufort Sea exploration plan and the accompanying oil discharge prevention and contingency plan. MMS said its analysis found that Shell’s plans […]

Petroleum News: Shell building legacy

Alaska 2007 program takes shape; environment, communities high priorities By Alan Bailey Week of February 25, 2007: Vol. 12, No. 8  A flurry of government regulatory filings and announcements in February provides the most visible sign that the clock is ticking towards 2007 field activity in Shell’s exploration program for offshore northern Alaska. And on […]