Posts on ‘April 20th, 2007’

By John Donovan In view of the news reports over the past 24 hours featured below, it appears that some may wish to add the term “porn peddler” to Shell’s extensive list of sins in the USA. Shell Oil Company seems to have got itself in an embarrassing mess as an activist group claims that [...]

By Felicia Loo and Jonathan Leff REUTERS 5:04 a.m. April 20, 2007 SINGAPORE – Oil major Royal Dutch Shell is working hard to gain a foothold in China’s refining sector after hopes for taking a share in a new CNOOC refinery was dashed, a top company executive said on Friday. But its eagerness to own [...]

Current Publication Date: 20/04/2007 Shell E&PI has been allowed to drop long-running legal action against four Rossport people opposed to the Corrib gas pipeline. However, the company now faces a bill of around €1 million to cover most of the legal costs of the defendants Philip McGrath, Bríd McGarry, James Brendan Philbin and Willie Corduff. [...]

April 20 2007 at 12:08PM    Abuja – Gunmen attacked a vessel supporting a Transocean oil drilling rig in Nigeria’s Niger Delta, abducting three Nigerian staff and seizing weapons and equipment, security sources said on Friday. Six people injured during the attack late on Thursday were airlifted out and the Trident 8 rig has been [...]

Brian O’Connor 20 April 2007 Shares in Russian oil producer Imperial Energy slumped again as it came under fresh attack from aggressive Russian regulator Oleg Mitvol, who also savaged five other UK oil and mining companies. Imperial fell a further 135p to 1092p on Thursday, from a peak of 1508p early on Wednesday. The London [...]

Fri Apr 20, 2007 12:54 PM BST SINGAPORE, April 20 (Reuters) – Royal Dutch Shell’s top downstream executive said on Friday he hoped a $5 billion project to more than double the capacity at its Motiva joint-venture refinery in Texas will be granted final approval this year. Motiva Enterprises LLC, a joint venture between Shell [...]

Fri Apr 20, 2007 1:00 PM BST SINGAPORE, April 20 (Reuters) – The agreement of powerful French unions is key to oil major Royal Dutch Shell’s possible plan to sell off three refineries in the country, the company’s top downstream official said on Friday. Shell has said it is reviewing a number of refining and [...]

APRIL 30, 2007   A BP venture is the latest target as Moscow muscles in on producers It’s one of John Browne’s biggest personal triumphs. In September, 2003, the CEO of oil giant BP (BP ) sealed a deal to create TNK-BP, a joint venture that would become Russia’s fourth-largest oil company and which today [...]

By Eduard Gismatullin April 20 (Bloomberg) — Crude oil rose on speculation violence in Nigeria will hurt the country’s exports and supplies from OPEC will decline. Presidential elections are being held tomorrow in Nigeria, Africa’s largest oil producer, where militant attacks have already cut about a quarter of crude output. Exports by the Organization of [...]

Trust acquires assets in $350M deal ASHOK DUTTA Penn West Energy Trust plans the construction of a 300 kilometre pipeline to deliver Athabasca oilsands output via Nipisi through to Edmonton, a senior trust official said Thursday. “We are scoping out an additional sales pipeline of capacity in excess of 100,000 barrels per day to serve [...]

Established firm’s ‘green’ credibility SHAUN POLCZER Shell Canada Limited on Thursday began the task of formally unwinding almost a century as a public company with the retirement of its CEO, Clive Mather. Mather, a 38-year veteran of the parent company and its various affiliates, will be stepping down later this summer, Shell said in a [...]

Mary Carolan, Published: Apr 19, 2007 Shell E&P Ireland is facing a legal costs bill of more than 1 million after the High Court yesterday agreed to allow it end its long-running legal action against four opponents of the controversial Corrib gas pipeline. The court allowed the company to discontinue its action on certain conditions, [...]

Aine Ryan, Published: Apr 20, 2007 Blame for the Corrib gas controversy was firmly laid on the doorstep of Minister for the Marine Noel Dempsey and former minister Frank Fahey by an An Taisce member at the fourth day of the Environmental Protection Agency’s (EPA) oral hearing into the issuing of an integrated pollution prevention [...]

Published: Apr 20, 2007 Reporting the EPA oral hearing into the pollution control licence for the Corrib Gas Terminal, Aine Ryan states that “the Garda presence at the hearing was a matter raised by an objector to the granting of the licence (Irish Independent, April 17). Indeed there was a Garda presence on duty for [...]

Published: Apr 20, 2007 LONDON (Thomson Financial) – Sibir Energy PLC said the oil reserves estimates of its Siberian fields were calculated based on Russia’s own standards. “Sibir would like to state for the record that the reserves figures reported by the company are the Russian standard reserves as reported by the Russian State Committee [...]