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Posts on ‘July 30th, 2007’

My FOX St. LOUIS: Text: Shell Oil Says ‘Don’t Blame Us’

Last Edited: Monday, 30 Jul 2007, 11:16 PM CDT  By: Sean Conroy (KTVI-myFOXstl.com): While 2 dollars and sixty cents a gallon brings cheers at the pumps that is still among the highest price per gallon we have paid recently.  “I’m as upset as Joe Consumer because I pay the same price on gasoline that he [...]

Safety Czar for Shell

THE WALL STREET JOURNAL  JULY 30, 2007, 2:05 PM ET Shell appointed a global safety executive, after suffering 37 fatalities in 2006, more than double the number had by its major competitors. Kieron McFadyen, a 20-year company veteran, was appointed to instill safety standards and assess risk, especially for remote locations, where the majority of fatalities occurred. “As our portfolio [...]

Bloomberg: Shell to Build New Oil Plant for Up to C$27 Billion (Update1)

By Sonja Franklin July 30 (Bloomberg) — Royal Dutch Shell Plc’s Canadian unit is seeking to build a new plant for as much as C$27 billion ($25 billion) to process bitumen from Alberta’s oil sands and supply North American refineries. The Scotford Upgrader 2 Project, to be located next to existing facilities near Fort Saskatchewan, [...]

Reuters: UPDATE 1-Shell applies to build C$27 bln oil sands plant

Mon Jul 30, 2007 9:20 PM BST (Adds details) CALGARY, Alberta, July 30 (Reuters) – Royal Dutch Shell Plc has applied to build a massive oil sands upgrading complex at the site of its Edmonton, Alberta, refinery that could cost as much as C$27 billion ($25 billion), putting it among Canada’s costliest projects, it said [...]

Reuters: UPDATE 1-Williams to build pipelines to Perdido hub

Mon Jul 30, 2007 8:50 PM BST (Adds new details, background) NEW YORK, July 30 (Reuters) – Williams Cos. Inc. said on Monday it plans to spend $480 million to build pipelines to the Perdido hub, a floating production facility that Royal Dutch Shell, Chevron Corp and BP Plc are building in the deepwater Gulf of [...]

OilWeek: Shell Canada files regulatory application for Scotford Upgrader 2 (Shell-Canada)

Jul 30, 2007 2:17:00 PM MST   CALGARY (CP) _ Shell Canada says it has filed a regulatory application for a new upgrading facility adjacent to its existing facilities in the Fort Saskatchewan area, east of Edmonton. The company said Monday that the proposed Scotford Upgrader 2 will be constructed in four phases and process [...]

ShellNews.net: Battle with Shell for the domain name: royaldutchshellplc.com

30 July 2007 In May 2005, Shell issued proceedings via The World Intellectual Property Organisation against the co-owner of this website, Alfred Donovan. The purpose was to try to seize three Shell related domain names including royaldutchshellplc.com and www.royaldutchshellgroup.com Shell gave the impression in its submission to the WIPO that it wanted to use the [...]

Brilliant article by Derek Brower: What Shell’s deal with Rosneft says about the oil world’s balance of power

  Article By Derek Brower, journalist AS A beaten dog loves his master, so Shell loves Russia. However else does one explain the company’s attitude towards the authorities in Moscow? Humiliated last year on Sakhalin, the company’s first response was to grovel words of thanks to its tormentors in the Kremlin. Now it has followed [...]

Reuters: Big Oil spends more, pumps fewer barrels

Mon Jul 30, 2007 8:00AM EDT By Alex Lawler – Analysis LONDON (Reuters) – The world’s three largest fully publicly traded oil firms are investing billions of dollars more this year and the extra spending has yet to result in higher production. Exxon Mobil Corp., Royal Dutch Shell Plc and BP Plc posted falling second-quarter output, even [...]

CNNMoney.com: Nigerian Forcados Force Majeure Still In Place – Shell

July 30, 2007: 08:52 AM EST LONDON -(Dow Jones)- Royal Dutch Shell PLC PLC (RDSB.LN) said Monday a force majeure on exports from the Forcados oil tanker loading terminal in Nigeria is still in effect despite the first cargo sent in more than a year from the facility in recent weeks. “We did one crude [...]

Hemscott / AFX News: Shell declines to comment on impact of Kashagan delay, contract review

LONDON (Thomson Financial) – Royal Dutch Shell PLC would not comment on reports the Kazakhstan authorities will review the Kashagan oil field contract, in which Shell holds a 18.52 pct stake, after operator ENI SpA announced further delays to the project. A Shell spokesman said he would also not comment on how the impact of [...]

Bloomberg: Crude Falls From One-Year High on Speculation Gains Unjustified

By Eduard Gismatullin July 30 (Bloomberg) — Crude oil slipped from a one-year high in New York as some traders speculated last week’s gains were unjustified. Oil rose 2.8 percent on July 27 after the U.S. government said the nation’s economy expanded 3.4 percent last quarter, the fastest pace in more than a year. Asian [...]

Bloomberg: Woodside Needs to Expand Pluto LNG to Raise Returns (Update1)

By Angela Macdonald-Smith July 30 (Bloomberg) — Woodside Petroleum Ltd., Australia’s second-biggest oil and gas producer, will need to expand its proposed A$12 billion ($10.2 billion) Pluto liquefied natural gas project to improve returns on the investment, analysts said. The Perth-based company needs to add a second and third LNG production unit to the project [...]

allAfrica.com: Nigeria: Oil Communities Rise Against Shell

Vanguard (Lagos) 30 July 2007 Emma Amaize Warri OIL producing communities in Ogbe-Ijoh Kingdom, Warri South-West local government area of Delta State, weekend, barred the Shell Petroleum Development Company (SPDC) from resuming oil exploration and exploitation activities in their area until the rift between the kingdom and the Delta State Oil Producing Areas Development Commission [...]

MoneyCNN.com: Kazakh PM: Kashagan Delay Is Breach Of Contract – Report -2-

July 30, 2007: 02:59 AM EST In addition to the delay to the start of production, Eni also notified the Kazakh government that the project’s costs would rise to $13.6 billion from $5.7 billion. Kazakh Energy and Natural Resources Minister Baktykozha Izmukhambetov was quoted by Interfax as saying the government would hold a month-long negotiation [...]