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Posts on ‘April 7th, 2007’

Sunday Telegraph: Shell’s Sakhalin boss faces reshuffle axe

By Sylvia Pfeifer, Sunday Telegraph Last Updated: 12:00am BST 08/04/2007 Royal Dutch Shell could lose management control of Sakhalin Energy, the Russian company which runs the giant Sakhalin project in eastern Siberia. The loss would be a further blow to the Anglo-Dutch oil group and comes after Shell was forced to cede majority ownership of [...]

Montreal Gazette: After 96 years, Shell returns to parent

Founded in Montreal in 1911, Shell Canada grew from a single station to become one of the country’s largest will be handed over to Royal Dutch Shell LISA SCHMIDT, CanWest News Service Published: Saturday, April 07, 2007 When Shell Canada Ltd. leaves the public realm this year, it will mark the end of a long [...]

Edmonton Journal: Royal Dutch Shell cuts emissions, spillage due to facility disruptions

Saturday 7 April 2007 Work fatalities rise from company’s presence in Nigeria Royal Dutch Shell Plc, Europe’s largest oil company, had the lowest level of oil spills and natural gas flaring in at least a decade last year, while worker fatalities rose, company data showed. Shell, based in The Hague, spilled 5,700 tons of oil [...]

BBC News: Two new abductions in Niger Delta

Most foreigners are simply held for ransom by militants Two Turkish oil workers have been kidnapped in Nigeria’s volatile Niger Delta area, police say. The two men, said to work as engineers for the Italian oil company Agip, were seized on Friday evening while driving through the city of Port Harcourt. Kidnappings of foreign oil [...]

SeeItReal.com: Shell Loses Fifty to a Hundred Billion or so

Shell said that “there were no legal grounds for Russia’s resources ministry to cancel environmental approval for Sakhalin 2.” There would not have been any legal grounds had Shell realized the power of the internet in the hands of someone Shell antiagonized. Had the “legal grounds” not been leaked, Shell would not have had to [...]

Petroleum News: Shell drops LNG plans in Louisiana

Offshore facility in Gulf faced opposition over environmental issues, but import capacity seems adequate for available supplies Week of April 08, 2007: Vol. 12, No. 14 By Allen Baker Royal Dutch Shell has dropped plans for a liquefied natural gas import facility 38 miles south of Louisiana’s Cameron Parish, citing the substantial capacity already available [...]

The Wall Street Journal: Occidental’s $416.3 Million CEO: Pay Package Puts Irani in Lofty Air

By RUSSELL GOLD April 7, 2007; Page B3 Talk about your six-figure paychecks — and then some. Ray R. Irani, longtime chairman and chief executive of Occidental Petroleum Corp., received compensation last year valued at $416.3 million, making it one of the richest corporate paydays ever. Nearly two-thirds of the money came from exercising stock [...]

BBC Monitoring Service: Oil giants interested in Iran’s tenders despite sanctions – agency

Text of report in English by Iranian Mehr news agency in English Tehran, 06 April: International oil companies are buying the tender documents of Iran’s 17 oil blocks amid new sanctions imposed on the Islamic Republic over its nuclear programme, an Iranian oil official said here on Friday. On March 24, the UN Security Council [...]

Financial Times: Old Mutual looks towards the future

EXTRACT: BP, up 1.2 per cent to 554½p, drew support from a research note published by ABN Amro that claimed a merger with rival Royal Dutch Shell, 1 per cent stronger at £16.91, could generate synergies of $10.3bn (£5.2bn) a year before tax. By Neil Hume and Robert Orr Published: April 7 2007 03:00 | [...]

The Times: Turks shun gas project in genocide row

April 6, 2007 Carl Mortished, International Business Editor Turkey has pulled out of talks with Gaz de France over a €4.5 billion (£3 billion) gas pipeline project in protest over a French law that prohibits denial of the massacre of Armenians during the Ottoman Empire. The Nabucco project, a 3,300km pipe, which would bring central [...]

New Zealand Herald: Plenty of corporate lemons in the orange nation

Saturday April 07, 2007 By Matthew Lynn ABN Amro Holdings is locked in negotiations with Barclays about creating one of the largest financial-services companies in the world. They may seal a deal. Or another bank may yet decide to gatecrash the party. Still, one winner is already clear: the Dutch economy. That may seem paradoxical. [...]

Reuters: Shell may resume Niger Delta oil output in months

Fri Apr 6, 2007 7:09 PM BST AMSTERDAM, April 6 (Reuters) – Anglo-Dutch oil giant Royal Dutch Shell Plc may resume oil production in the Niger Delta in several months time, Shell said on Friday. “(Shell’s chief executive) Jeroen van der Veer has said that we may resume output in the Niger Delta in months,” a [...]