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Posts on ‘March 13th, 2007’

Times Online: US class actions are still a bigger threat to British business

EXTRACT: Shell, to cite the most high profile example, has already paid out $90 million to disgruntled investors for allegedly misstating reserves and is facing further litigation… March 13, 2007 By Michael Herman It seems curious that, at a time when the likes of President Bush, Michael Bloomberg and Eliot Spitzer are criticising America’s apparent [...]

Reuters: Nigerian youths seize Shell equipment at oil spill

Tue Mar 13, 2007 2:44 PM BST LAGOS, March 13 (Reuters) – Royal Dutch Shell (RDSa.L: Quote, Profile , Research) has gained access to the oil spill that forced it to close 187,000 barrels per day (bpd) output in Nigeria but had equipment seized by community youths, a company spokesman said on Tuesday. The company [...]

Media-Newswire.com: Attorney General Asks Shell Oil President To Abandon Broadwater Project At Meeting

(Media-Newswire.com) – Attorney General Richard Blumenthal asked Shell Oil Company President John Hofmeister during a face-to-face meeting today to drop his company’s proposal to build the Broadwater liquefied natural gas facility ( LNG ) in Long Island Sound. Shell is a partner in Broadwater with TransCanada. “I urged Shell’s president today to abandon Broadwater,” Blumenthal [...]

BBC News: Oil death partner settles damages

A woman who launched an £800,000 damages action over the death of her partner on a North Sea oil platform has settled out of court. Jacqueline Ogilvie took out the civil case against oil giant Shell and services firm Wood Group following the death of technician Keith Moncrieff. Mr Moncrieff, 45, and co-worker Sean McCue, [...]

MosNews: Russia Launches Environmental Probe into Total’s Siberian Oil Field

EXTRACT: Months of pressure last year on another vast hydrocarbon project in the Far East, Sakhalin-2, regarded by experts as the Kremlin’s drive to regain control of the country’s mineral resources, culminated in the purchase by state-controlled energy giant Gazprom of 50 percent plus one share in the project from Shell and two Japanese companies [...]

The New York Sun: Poll Indicates Support for Divestment From Iran

EXTRACT: The campaign, modeled in part on the divestment strategy employed against South Africa during the apartheid era, may be a more effective way of punishing firms such as Royal Dutch Shell, Total.. THE ARTICLE By ELI LAKE Staff Reporter of the Sun March 13, 2007 WASHINGTON — Nearly 80% of Americans would rather invest [...]

CNW: Canada’s oil and gas sector is slow to take action on their climate change responsibilities

Ethical Funds report evaluates how oil and gas companies are responding to climate change VANCOUVER, March 13 /CNW/ – Canada’s oil and gas companies have failed to take action to mitigate their greenhouse gas emissions, with only two Canadian companies responding appropriately to the risks presented by climate change, according to The Ethical Funds Company. [...]

The Washington Times: AIPAC pushes Iran divestiture

EXTRACT: AIPAC Executive Director Howard Kohr said the group will also press state pension funds in 10 states to sell their shares in companies doing business in Iran. AIPAC officials said U.S. pension firms have major investments in companies like the French oil giant Total and the British-Dutch company Royal Dutch Shell. THE ARTICLE By [...]

London Free Press (Canada): Shell explores idea of new Sarnia refinery

Tue, March 13, 2007 By HANK DANISZEWSKI, SUN MEDIA   A proposed refinery for the Sarnia area should substantially boost Ontario’s refinery capacity and could ease the tight supply of gasoline, says a Shell Canada official. Shell Canada has proposed a refinery project with a capacity for refining 150,000-250,000 barrels of heavy oil each day [...]

Lloyds List: Ormen Lange partners proceed with subsea plant

Published: Mar 13, 2007 NORSK Hydro and its partners in the Ormen Lange gas project off mid-Norway are set to invest NKr2.5bn ($405m) in a subsea compressions station to halve development costs, writes Martyn Wingrove. The Norwegian group, plus Shell, ExxonMobil, Denmark’s Dong and state groups Statoil and Petoro have decided to proceed with a [...]

Lloyds List: ExxonMobil to spend $20bn a year growing production profile

US major’s five-year plan for oil, gas and downstream projects should result in up to 5m boe per day output, writes Martyn Wingrove, Lloyds List Published: Mar 13, 2007 US MAJOR ExxonMobil is planning to invest $20bn per annum over the next five years to develop a stream of new oil, gas and downstream projects. [...]

AP Worldstream: Philippine oil firms appeal court order to remove depot from downtown Manila

Published: Mar 13, 2007 The Philippines’ biggest oil companies on Tuesday appealed a Supreme Court order to relocate a sprawling oil depot from the capital, saying it would result in an immediate fuel shortage. The court last week ordered the Manila city government to implement a zoning ordinance _ enacted in the wake of the [...]

Irish Times: EPA to hold hearing into Corrib licence

Lorna Siggins, Marine Correspondent Published: Mar 13, 2007 The Environmental Protection Agency (EPA) has agreed to hold an oral hearing into the licensing of the Corrib gas refinery in north Mayo. Objectors to the preliminary licensing approval have been informed of the EPA’s decision, but a date has yet to be set for the hearing. [...]

Financial Times: Oil services companies tap into rich seam

By Ed Crooks in London Published: March 13 2007 02:00 | Last updated: March 13 2007 02:00 In the gold rush of today’s energy business, companies such as Halliburton are the modern equivalents of Levi Strauss and Wells Fargo. Providing services to oil companies has been an even better business than finding and producing oil [...]

The Wall Street Journal: BREEZY TALK: A Big Energy Gamble Shell, Others, Pile In Despite Regulatory Risk

BREEZY TALK The Texas Wind Powers A Big Energy Gamble Shell, Others, Pile In Despite Regulatory Risk; Poke Arnold’s ‘Rib Eye’ By JEFFREY BALL March 13, 2007; Page A1 SILVERTON, Texas — Deep in the heart of Texas, multinational giants are gambling on a new supply of energy. The prize isn’t oil. It’s wind. In [...]