Coming soon… the inside story on the Sakhalin II debacle
February 10th, 2007:
Shell leaks, lawsuits, fraud, blunders, debacles, corruption etc.
The Hartford Courant: LETTERS TO THE EDITOR: Broadwater
Broadwater Will Provide Needed Energy
February 10, 2007
Yale University Professor Dolores Hayden offered an opinion piece representing the views of many of those opposed to the Broadwater liquefied natural gas facility proposed for Long Island Sound [Place, Feb. 4, “Broadwater: Floating Folly”]. It was heavy with exaggeration, half-truths and the scare tactics that have become a hallmark of the opposition to this project.
Shell U.S. Gas and Power (a subsidiary of Royal Dutch Shell) and TransCanada Pipelines are partners in the Broadwater project and there has been no attempt to hide that fact as Hayden suggests.
Philippine Daily Inquirer: Sis thinks kidnapped Filipina is still alive
Volt Contreras
Published: Feb 10, 2007
A SISTER OF JOSIEBETH FOROOZAN, the 26th Filipino abducted in Nigeria over the past two months, said yesterday her kidnappers claimed they lost her after she fought back while they were on a pumpboat and she jumped into the water.
The younger sister, Jane Gregorio, said her family believed that Foroozan was still alive, doubting sketchy reports reaching Manila that the 37-year-old mother of two may already be dead.
The kidnappers called up (Foroozans Iranian husband) to say that my sister fought back and jumped into the water. But knowing my sister, we believe she wouldnt do something like that, Gregorio told reporters at the Department of Foreign Affairs.
Irish Times: Union calls for oil and gas royalties
Ronan McGreevy,
Published: Feb 10, 2007
The deal which exempts oil and gas companies from royalty payments is a disgrace and needs to be immediately renegotiated, one of the country’s largest trade unions has said.
The Amalgamated Transport and General Workers Union (ATGWU) is supporting a demonstration to highlight the issue of how the Government has granted energy companies licences to explore off the coast of Ireland.
The demonstration is being organised by the Shell to Sea campaign which has been opposed to plans by Shell to build a gas refinery at Bellanaboy, Co Mayo.
Financial Post (Canada): Tories reassure oilpatch on green agenda
Published: Feb 10, 2007
CALGARY – Oil industry leaders were reassured yesterday by federal cabinet ministers that Prime Minister Stephen Harper doesn’t want to harm the economy as he gets tough with big emitters of greenhouse gases.
A handful of industry chief executives met behind closed doors with Environment Minister John Baird, Indian and Northern Affairs Minister Jim Prentice and Natural Resources Minister Gary Lunn to discuss the Conservative government’s new green agenda.
“As [Mr. Baird] reiterated, the Prime Minister wants to do this in a way that doesn’t harm the economy, and that recognizes that capital stock and technology take some time to bring into place,” said Pierre Alvarez, president of the Canadian Association of Petroleum Producers.
Financial Post (Canada): WESTERN OIL SANDS INC.
Shares of Western Oil Sands Inc. soared to a 52-week high yesterday amid speculation the stock is undervalued and ripe for a bidding war between Royal Dutch Shell PLC and other large U.S. refiners. According to UBS Securities Canada Inc., Western Oil Sands could be worth as much as $6.6-billion, or between $38 and $41 a share. The shares closed yesterday at $33.10, up $1.05 or 3.3%.
See Page FP7
Financial Times: Morales seizes Swiss tin smelter
EXTRACT: The president vented his frustration this week on Transredes, a pipeline operator controlled by Shell, saying he would expel it if investigations revealed it was behind protests in southern Bolivia that shut down gas pipelines for several days.
By Hal Weitzman in Lima
Published: February 10 2007 02:00 | Last updated: February 10 2007 02:00
Evo Morales, the Bolivian president, yesterday signalled his determination to pursue his nationalisation agenda by issuing a decree to take back into state hands a tin smelter owned by a Swiss company.
Financial Times: Russia tightens grip on BP gas venture
By Catherine Belton in Moscowand Ed Crooks in London
Published: February 10 2007 02:00 | Last updated: February 10 2007 02:00
TNK-BP, the Russian venture that is 50 per cent owned by BP, has been told it is in violation of its agreement to develop Kovykta, its vast east Siberian gasfield. The move is the latest sign of Russia’s tightening grip on its energy resources.
The natural resources ministry gave TNK-BP three months to fix the violations or risk losing its licence. TNK-BP declined to comment.
Globe & Mail (Canada): Investors denounce valuation of Shell
Saturday 10 February 2007
DAVID EBNER
CALGARY — Minority shareholders of Shell Canada Ltd. have criticized an independent valuation of the company conducted as part of Royal Dutch Shell PLC.’s takeover bid, and said they are still hopeful that the offer won’t succeed.
Royal Dutch Shell is offering $45 a share or $8.7-billion for the 22 per cent of Shell Canada it doesn’t already own. A takeover bid circular issued late Thursday showed that CIBC World Markets Inc., hired by Shell Canada, valued the company at between $42 and $48 a share.