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Posts on ‘June 6th, 2007’

ShellNews.net: An open invitation to David Greer of Sakhalin Energy

Guest 1764 on Live Chat says: “Why dont you all leave the guy alone? No of you even know him and have no appreciation of either how great a leader he is or the stress he is under on this monster project. I wish him and his team well” Response by Alfred Donovan  It is [...]

Financial Times: Shell man’s motivation memo is straight from the Patton script: ‘Talent borrows, genius steals’

By Ed Crooks Published: June 7 2007 03:00 | Last updated: June 7 2007 03:00 Headline in FT Newspaper: “Sakhalin motivational memo borrows heavily from Patton The FT.com headline on the same story: “Shell man’s motivation memo is straight from the Patton script” THE ARTICLE “Talent borrows, genius steals”, the saying goes, but the leaked [...]

BBC Monitoring quotes from Russian press Thursday 7 June 2007

BBC Monitoring Service The following is a selection of quotes from articles published in the 7 June editions of Russian newspapers, as available to the BBC at 2300 gmt on 6 June. G8 summit Nezavisimaya Gazeta (centrist daily) www.ng.ru – “Today’s meeting of the G8 leaders will be the most difficult for Vladimir Putin. Never [...]

Lloyds List: Petrofac invests in Timor Sea gas project

Martyn Wingrove Published: Jun 07, 2007 PETROFAC has farmed into MEO Australia’s potential Tassie Shoal gas project off northwest Australia aspart of its resources investment strategy. The London-listed engineering group has taken a 10% stake in Timor Sea permit NT/P68, which is 300 km off the Darwin coast and holds the previously drilled Heron gas [...]

Financial Times: View of the Day

Published: June 7 2007 03:00 | Last updated: June 7 2007 03:00 European oil stocks may be about to outperform as earnings momentum turns, says Nick Nelson at UBS. “There have been fewer earnings upgrades for the oil sector than the wider market over the last year. But there are now signs this may be [...]

Financial Times: Colony Capital clinches €2.6bn Tamoil deal

By James Politi in New York and Ed Crooks in London Published: June 7 2007 03:00 | Last updated: June 7 2007 03:00 Colony Capital, the US private equity group, yesterday clinched a deal to pay €2.6bn ($3.5bn) for a majority stake in Tamoil, the European refining and service station group owned by the Libyan [...]

Financial Times: UK steps up alert on investing in Russia

By Daniel Dombey in London, Neil Buckley in Moscow and Jean Eaglesham in Heiligendamm Published: June 7 2007 03:00 | Last updated: June 7 2007 03:00 The British government is stepping up its warnings to businesses about the risks of investing in Russia in the wake of Moscow’s moves to take control of energy assets [...]

Financial Times: TMK aims to double production as it cuts Russian workforce

By Peter Marsh Published: June 7 2007 03:00 | Last updated: June 7 2007 03:00 TMK, the Russian maker of specialist steel pipe that floated on the London stock exchange last year, intends to cut its mainly Russia-based workforce bya third as part of an effortto increase efficiency, according to Konstantin Semerikov, the company’s chief [...]

Financial Times: Revised article on speech by General Patton-Greer: “Pipeliners All!” Shell’s memo to Sakhalin

Last updated: June 6 2007 13:07 By Ed Crooks As if laying pipelines across Sakhalin Island, described by Chekhov as “hell”, were not enough, the engineers battling the elements there have to put up with their bosses motivational memos. In a leaked email from David Greer, the deputy chief executive of Sakhalin Energy Investment Company, [...]

AFX News Limited / Forbes: Shell says security issues delay plans to end gas flaring in Nigeria

06.06.07   LONDON (Thomson Financial) – Royal Dutch Shell PLC blamed escalating security problems in the Niger Delta as one of the major factors hampering its effort to end gas flaring in Nigeria. Malcolm Brinded, head of Shell’s exploration and production business, told Thomson Financial News on the sidelines of an oil and gas conference [...]

ShellNews.net: Former Shell Executive Paddy Briggs comments on the David Greer memo scandal

06 June 2007 By Paddy Briggs The language and style of the leaked David Greer memo might surprise those who assume that the well-educated folks of Shell must have a learned a quite sophisticated and original way with words during their Oxbridge or Delft college days  – or at least some confident personal communications style [...]

ShellNews.net: David Greer accused of plagiarism: ‘This memo is not even in fact original’

POSTED ON FT.com Plagiarism by Mark Bisset   06 Jun 2007  10:29 AM This memo is not even in fact original; here is part of a speech delivered by General Patton on 5th June 1944: “Americans love to fight, traditionally. All real Americans love the sting and clash of battle…When you, here, everyone of you, were [...]

Financial Times: Front Page Story: ‘Pipeliners All!’ memo urges Shell’s workers to bounce off the bottom

By Ed Crooks Published: June 6 2007 03:00 | Last updated: June 6 2007 03:00 As if laying pipelines across Sakhalin Island, notoriously described by the writer Anton Chekhov as “hell”, were not tough enough, the engineers battling the elements off Russia’s far east coast have to put up with their boss’s motivational memorandums. In [...]

Associated Press: Oil gives unhappy Nigerians leverage

EXTRACT: Nowhere is the decay more pitifully on display than in the Niger Delta, where the crude is located. Hundreds of billions of dollars worth of oil have been drilled, but few villages have basic schools or health clinics. By EDWARD HARRIS — Associated Press Writer      KOROKORO, Nigeria (AP) Young boys scamper along weed-entangled pipes, [...]

RIA Novosti: Will TNK-BP lose Kovykta deposit?: Putin says Shell tried to ‘lure Gazprom into buying its shares’

EXTRACT: Russian President Vladimir Putin was much clearer on this issue than Gazprom at a news conference with foreign journalists on June 1. Talking about Kovykta and the Sakhalin-2 project, he emphasized that in the 1990s the agreements were signed with Western companies on very unfavorable terms. The president illustrated his statement with the recent Sakhalin-2 [...]