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Posts on ‘February 20th, 2007’

The Times: Al-Yamamah an echo of 1980s sleaze

February 21, 2007 David Robertson, Business Correspondent The al-Yamamah arms-for-oil deal between Britain and Saudi Arabia is the largest export order signed by the UK, but even after 22 years its controversial legacy clings to those involved. The names linked with al-Yamamah read like an encyclopaedia of the past two decades. They include Margaret Thatcher, [...]

The Times: Qatar plant ditched

February 21, 2007 Business in Brief Qatar Petroleum and ExxonMobil have dropped plans to build a gas-to-liquids plant in Qatar because of spiralling costs, the country’s energy minister said, but Abdullah al-Attiyah added that other projects were not under threat. He said that ground would be broken for a multibillion-dollar GTL plant with Royal Dutch [...]

Jeroen Van der Veer is right

By J.E Crozier Regarding the article: Reuters: Shell chief calls for global carbon market Jeroen Van der Veer is right. We will continue to increase our consumption of fossil fuels for at least the next twenty years. The introduction of solar power sources won’t stop the growth pattern for fossils. It may however cause a [...]

The Mayo News: Shell to Sea shows clear cracks

Tuesday, 20 February 2007  Áine Ryan LEADING Shell to Sea activist, Maura Harrington, has denied a significant split has developed within the campaign after a group of protestors entered the proposed Shell refinery site after last Friday’s Solidarity Day in Bellanaboy. This is despite a clear condemnation of the incursion by campaign spokespeople, Mary Corduff, [...]

ABC News: Attorneys plan to depose BP CEO over 2005 deadly plant explosion

(02/20/07 – GALVESTON, TX) – Attorneys representing workers injured during BP PLC’s deadly Texas City plant explosion in 2005 said Monday they plan to question outgoing company chief executive Lord John Browne about the accident this week, unless the Texas Supreme Court intervenes. Earlier this month, a Houston appeals court ordered Browne give a deposition [...]

ShellNews.net: Update on lawsuits against Royal Dutch Shell

Tuesday 20 February 2007 By John Donovan We are delighted to report an excellent response to our recent article… 09/02/2007  Do you have grounds for a lawsuit against Shell? We have had contact with potential plaintiffs, litigants/lawyers and various interested parties and sources located around the world, including the UK, The Hague, Amsterdam, Kuala Lumpur, [...]

2theadvocate.com: Katrina attorney facing disbarment ‘over an explosion at Shell Oil Co.’s Norco refinery in 1988′

Associated Press Published: Feb 20, 2007       NEW ORLEANS — A key attorney involved in suing the federal government over damage caused by levee breaches during Hurricane Katrina faces disbarment stemming from a case he handled 16 years ago. Next week, the Louisiana Supreme Court will hold a hearing on whether to debar Joseph Bruno [...]

Detroit News: Shell, Dow and others fined for price fixing

Tuesday, February 20, 2007 APPEAL: Shell, Dow and others fined for price fixing Royal Dutch Shell Plc, Dow Chemical Co. , and two other companies are appealing European Union fines levied against them for fixing prices of synthetic rubber. Shell and Dow, the largest U.S. chemicals maker, were among five companies fined $682 million by [...]

International Herald Tribune: Around the Markets: Vietnam and Zambia overtake bigger developing countries

EXTRACT: In Nigeria, attacks have forced a Royal Dutch Shell unit to halt production of about 500,000 barrels of oil a day, almost a quarter of the country’s current output. THE ARTICLE By Alexis Xydias and Michael Tsang Bloomberg News Published: February 20, 2007 LONDON: The smallest emerging stock markets are elbowing aside Brazil, Russia, [...]

allAfrica.com: Oil Coys Should Forfeit Part of their Income for the Development of Host Communities?

Hayford Alile Sam Eyoboka, Vanguard (Nigeria) DISTURBED by the un-ending crises in the Niger Delta, the chairman of Oceanic Bank International and Spiritual leader of Saint Joseph Chosen Church of God, Apostle Hayford Alile, has advocated an arrangement where licences of oil blocks will forfeit part of their income for the development of the host [...]

Asia Pulse: CHEVRON AWARDED NEW ACREAGE OFFSHORE AUSTRALIA

Published: Feb 20, 2007 (Full text of a statement. Contact details below.) Chevron Awarded New Acreage Offshore Australia SAN RAMON, Calif., Feb. 20 /PRNewswire-AsiaNet/ – Chevron Named Operator and Awarded 50 Percent Interest in Exploration Block Chevron Corporation today announced that its subsidiary Chevron Australia Pty Ltd has been awarded the exploration rights to acreage [...]

FT REPORT – PROPERTY: Russia still speaks a different language

By Jim PIckard, Financial Times Published: Feb 20, 2007 Russia has always been an almost universal no-no on the European property investment map. And with just reason. For all the talk of a post-Soviet democracy which would be ever more liberal and progressive, few would argue that this is the case today. The Chechen war, [...]

FT REPORT – PROPERTY: Rising trend spreads out from capital

EXTRACT: The strong office market is being felt beyond Warsaw. Regional cities such as Krakow are hosting business process outsourcing operations, like Shell’s finance and accounting office, which will employ 800. THE ARTICLE By Jan Cienski in Warsaw, Financial Times Published: Feb 20, 2007 When James Foley signed a pre-lease agreement three years ago to [...]

Financial Times: The Geopolitics of Energy: Speech given at the IP Week, 2007

By Carola Hoyos, Chief Energy Correspondent Introduction: John Paul Getty once said: “The meek shall inherit the earth, but not its mineral rights.” If ever that were true it surely is today. The national oil companies that have inherited the world’s oil and gas resources are far from pushovers, while the international oil companies who [...]

Financial Times: DTI approves plans for biggest offshore wind farm

By Ed Crooks, Energy Editor Published: February 20 2007 02:00 | Last updated: February 20 2007 02:00 Plans for what is set to be Britain’s biggest offshore wind farm when it opens at the end of the decade have been approved by the Department of Trade and Industry. Greater Gabbard, a joint venture backed by [...]