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Posts from ‘August, 2007’

Arizona Daily Wildcat: Shell touts energy work

Media Credit: Sam Shumaker Shell President John Hofmeister speaks to a standing-room only crowd in the Student Union Memorial yesterday on the future of energy security and affordability in the United States. Oil Co. president appeals to enter global warming sentiment By: Claire Conrad Issue date: 8/31/07    John Hofmeister, president of Shell Oil, spoke […] Shell‘s application to stop northern B.C. blockade adjourned (Coalbed-Protest)

Aug 31, 2007 2:23:00 PM MST   VANCOUVER (CP) _ Native protesters blocking a coalbed methane project in northern B.C. can continue their blockade this weekend. Shell Canada applied for a B.C. Supreme Court injunction to stop the blockade but the case has been adjourned indefinitely. The company can bring its application forward again but […] Shell Backs Away From Court Showdown Over Sacred Headwaters

Western Canada Wilderness Committee Aug 31, 2007 15:08 ET VANCOUVER, BRITISH COLUMBIA–(Marketwire – Aug. 31, 2007) – First Nations and concerned citizens in Vancouver and Smithers today say Royal Dutch Shell’s delay of legal action against the Sacred Headwaters blockaders shows Shell is concerned about growing opposition. Members of the Tahltan First Nation are blockading […]

The Arizona Republic: Not getting what you pay for at the pump

Ariz. shortchanged by the heat; activists pursue fairer fill-ups Ryan Randazzo Aug. 31, 2007 12:00 AM Each time drivers fill their fuel tanks in Arizona’s simmering summers, they likely see $1 or more evaporate. Because gasoline expands in the heat, that’s the estimated dollar amount of energy they purchase but they never receive. Nobody serves […]

Energy Tribune: EXXONMOBIL Blocked at Russia’s Sakhalin

XOM Blocked at Russia’s Sakhalin Posted on Aug. 31, 2007 By Pavel Romanov and Michael J. Economides Exxon Mobil may be the world’s largest corporation, but it is no match for Russia’s “Energy Strategy” – the plan rolled out in 2002 by Putin’s government. The central concept of the Russian Energy Strategy is simply re-nationalization, […]

Globe & Mail: What me? Stop working? Clive Mather may be coming out of Shell Canada, but don’t call it retiring

DAVID EBNER From Friday’s Globe and Mail August 31, 2007 at 7:00 AM EDT After three decades working for Royal Dutch Shell PLC, Clive Mather arrived in Calgary as the new CEO of Shell Canada in 2004. He quickly okayed a $12.8-billion expansion of Shell’s oil sands facilities and bought BlackRock Ventures Inc. for $2.4 […] A Look at CNOOC

By Toby Shute – August 31, 2007   I’ve given PetroChina (NYSE: PTR) plenty of virtual ink around here lately, but it’s not the only exciting Chinese E&P story. CNOOC (NYSE: CEO), as a pure play on upstream offshore oil & gas activity, is also an interesting name, and with the release of the firm’s […] OMV “fundamentally” interested in British Isles E&P licenses, including Shell’

VIENNA (Thomson Financial) – OMV AG said it is “fundamentally” interested in looking at any oil and gas exploration and production (E&P) licenses for the British Isles that are offered up for sale, including any from Royal Dutch Shell PLC. Shell recently said it is offering interested parties the opportunity to acquire equity by funding […] Call for boycott of Shell

LEIGHTON KEITH [email protected] – Taranaki | Saturday, 1 September 2007 New Plymouth business owner Greg Barley is boycotting Shell and urges all Taranaki residents to follow suit. Mr Barley cancelled his petrol accounts with Shell in protest over the petrol company’s treatment of Gordon and Karen Mace, the owners of Junction Service Station at Awakino. […]

The Messenger: Shell bows out of Azerbaijan oil project, selling stake to South Korean company

Friday, August 31, 2007, #165 (1432) Shell is ramping down its involvement in Azerbaijan, writes the news agency Regnum, as the global oil company hands most of its share in the undeveloped Inam project to South Korea. On August 28, Seoul officials announced that South Korea’s National Oil Company signed an agreement with Shell in […]

Reuters: Big money at stake as India weighs gas prices

Fri Aug 31, 2007 11:53AM IST  By Hiral Vora MUMBAI (Reuters) – Global oil majors such as Exxon Mobil, Royal Dutch Shell and Chevron Corp are ready to pour billions of dollars into India’s energy sector — but only if the government stops meddling and allows private firms to sell gas at market prices. New […]

Argus Media:Astana shows its hand on Kashagan

Kazakhstan is piling pressure on the consortium led by Italy’s Eni developing the 11.3bn bl Kashagan field in the Caspian, threatening to suspend the project completely. The move appears designed to back up government demands for compensation, following revisions to the timetable and budget for development of the world’s biggest oil find in 30 years. […]

Fox 11 News: Shell president reveals gas prices high due to supply and demand

09:33 PM MST on Thursday, August 30, 2007 By Delane Cleveland, Fox 11 News Delane Cleveland’s report Millions of Americans plan to travel this Labor Day weekend, but high gas prices may have a say in how far some people go. Today, the president of the nation’s largest energy companies tells us why gas prices […]

The Wall Street Journal: Kazakhstan Presses Case

On Kashagan Oil Project By GREGORY L. WHITE August 31, 2007 9:23 a.m. MOSCOW — The government of Kazakhstan expects compensation for what it sees as “tens of billions of dollars” of economic harm due to massive cost overruns and delays at the Kashagan oil project, led by Italy’s Eni SpA, a government official said […]

Bloomberg: Shell Fined $48,825 for Safety Violations After Refinery Fire

By Sonja Franklin Aug. 30 (Bloomberg) — Royal Dutch Shell Plc, Europe’s largest oil company, will be fined $48,825 for workplace safety violations at a refinery in Wilmington, California after a fire, said the U.S. Occupational Safety and Health Administration. The fines are for five violations that occurred during a fire six months ago. Shell […]

‘Le Tour de Sakhalin’ 2007: Some of the good guys doing good work at SEIC

In mid September a small group of Sakhalin Energy Investment Company employees will set off from Okha, the most northern town on Sakhalin Island, to cycle to Yuzhno, approximately 1200 kilometres to the south. Big deal, you might say, but wait a minute: they plan to do it in 10 days, on small tracks and […]

Houston Chronicle: Refiners’ profit streak could fade

By BRETT CLANTON Copyright 2007 Houston Chronicle Soaring gasoline prices this spring and summer may have pinched drivers, but they helped U.S. oil refiners rack up huge quarterly profits and extend a hot earnings run that began several years ago. Refining profits for 22 of the largest energy companies jumped more than 20 percent to […]

Lloyds List: Kazakhstan puts squeeze on Kashagan partners

Martyn Wingrove, Lloyds List Published: Aug 31, 2007 KAZAKHSTAN’s government has halted offshore operations at the world’s largest oilfield development to put pressure on a consortium of Western companies, writes Martyn Wingrove. Work on the giant Kashagan project in the northern Caspian has stopped as Kazakh officials accuse operator Agip KCO of breaking environmental and […]

THE WALL STREET JOURNAL: Turkmenistan’s Energy Rush

THE WALL STREET JOURNAL: Turkmenistan’s Energy Rush Vast Natural-Gas Stores Spur Scramble for Access By U.S., Russia, Europe By GUY CHAZAN August 31, 2007; Page A5 With a new leader flinging open the doors to the outside world, the Central Asian nation of Turkmenistan is emerging as a crucible of regional rivalries as Russia, China, […]

The Times: Venture Production

31 August 2007 It has been one of the few disappointments among the Tempus Ten tips for 2007, but after a 25 per cent share price fall in the first three months of the year, Venture Production, the North Sea oil and gas explorer, has begun to claw its way back. The announcement yesterday that […]

The Guardian: Interview: Jeroen van der Veer: Oil boss sees no answers blowing in the wind

We must accept we’re going to depend on fossil fuels, and clean up as best we can, Shell chief tells greens Terry Macalister Friday August 31, 2007 In a week dominated by headlines about boardroom greed, the name of the chief executive at the company that on some measurements is Britain’s biggest has been noticeable […]

Anchorage Daily News: Shell asks court to rethink ban on drilling

BEAUFORT: Oil giant says judges were mistaken in halting exploratory effort. By WESLEY LOY [email protected] Published: August 30, 2007 Shell is asking a federal appeals court to reconsider its recent order blocking the Dutch oil giant’s plans to drill offshore exploratory wells in the Beaufort Sea this summer and fall. A group of organizations opposed […] ExxonMobil In Talks To Sell Argentina Unit For $200 Million – Report

August 30, 2007: 10:55 AM EST BUENOS AIRES -(Dow Jones)- ExxonMobil (XOM) is in talks to sell its Argentine unit for some $200 million in a deal being brokered by J.P. Morgan, local daily Clarin reported Thursday. According to the report, ExxonMobil plans to sell all of its Argentine assets, including 90 directly operated service […]

National Post: ‘…grand larceny, Kremlin-style’

EXTRACT: “…many other companies with no political interests have been threatened and strong-armed, up to and including major oil companies such as Shell and ExxonMobil”. Is Magna going in, or is Oleg getting out? 30 August 2007 PETER FOSTER Russian President Vladimir Putin has recently been flexing his muscles, both figuratively and literally. He has […]

Financial Post (Canada): Global oil reserves up only 1% last year

Canada’s Oilsands Sole Booster, Study Says Claudia Cattaneo, Financial Post Published: Thursday, August 30, 2007 CALGARY — Record global oil and gas profits of US$243-billion and record spending of US$401-billion have resulted in a marginal 1% increase in world oil reserves last year — all of it coming from a 1.9-billion-barrel addition from Canada’s oilsands, […]

Shell Pennzoil brand attacked in US court action

By John Donovan Pennzoil-Quaker State Company (PQS) is seeking $1 million in damages from a Pennsylvanian resident, Keith R. Smith, for alleged trademark infringement, counterfeiting, dilution, unfair competition, false advertising and unjust enrichment. The draconian legal proceedings brought against Smith are in his capacity as the owner of Lube Pro, a single bay quick oil […]

Bloomberg: Norsk Hydro Tests Ormen Lange, Sees Gas Production in October

By Paul Dobson Aug. 30 (Bloomberg) — Norsk Hydro ASA filled natural-gas pipes that connect Ormen Lange to an onshore processing plant as it prepares to start production at the 66 billion-krone ($11.3 billion) field. The company, Norway’s second-largest oil producer, filled the pipes with gas produced at Statoil ASA’s Sleipner field after clearing them […]

This Day (Nigeria): Lawmakers Petition Presidency Over Oil Spillage

Okon Bassey, Published: Aug 30, 2007 Worried by the refusal of the Anglo-Dutch oil Firm, Shell Petroleum Development Company (SPDC), to stop the spill from its corked oil well in Ikot Ada Udo Village, Ikot Abasi Local Government, Akwa Ibom State House of Assembly has written a petition on Shell and sent to the Presidency […]

Lloyds List: Statoil picks up Gulf of Mexico bids

Published: Aug 30, 2007 THE Norwegians have stormed the latest Gulf of Mexico lease sale to grab a large slice of deepwater exploration acreage, writes Martyn Wingrove. State oil group Statoil made the highest bids of the 47 oil companies that participated in the US government’s latest exploration round, as it expands operations away from […]

Financial Times: Tings Dey Happen, Culture Project, New York

By Brendan Lemon Published: August 30 2007 18:04 | Last updated: August 30 2007 18:04 Not long after graduating from Northwestern University, in 2003, the American Dan Hoyle went to Nigeria to study the oil business, and he returned home to fashion Tings Dey Happen. This 90-minute solo show, now off-Broadway, gives us the tribal […]

Financial Times: Iraq on the lookout for joint ventures

By Steve Negus, Iraq Correspondent Published: August 30 2007 03:00 | Last updated: August 30 2007 03:00 Iraq’s ministry of industry and minerals would open up all 65 of its state-owned enterprises to joint ventures with international investors by the end of the year, the minister said yesterday. “We have 65 facilities under our banner […]

The Wall Street Journal: Big Questions for Big Oil

Big Questons for Big Oil By SACHA KUMARIA August 30, 2007 As summer draws rapidly to its conclusion, eyes are already turning to the colder months ahead and, inevitably, to the price of oil. In recent weeks, Goldman Sachs analysts have suggested that oil could reach $100 before the end of 2007. A record number […]

Gulf Daily News: Shell-Dow in $2bn Iraq plant expansion talks

Thursday 30th August 2007  DUBAI: Royal Dutch Shell and Dow Chemical are in talks with the Iraqi government to renovate and expand a chemical plant in southern Iraq at a cost of up to $2.1 billion, the Iraqi industry minister said. The talks on creating a joint venture or reaching a profit-sharing agreement could be […]

The Guardian: Rewards for failure debate follows BP boss into retirement

· Browne tops list with £1m a year despite bonus loss · Incomes linked to salary for board, but not workers Phillip Inman Thursday August 30, 2007 The former BP chief executive, Lord Browne of Madingley, topped the executive pension league in 2006 with a retirement package worth more than £1m a year. Close behind […]

The Moscow Times: Mitvol to Go on U.S. Lecture Tour

Thursday, August 30, 2007. Issue 3732. Page 7. Bloomberg Oleg Mitvol, the environmental regulator who threatened to halt a $20 billion Shell project last year, said Wednesday that he planned to advise U.S. fund managers on how to invest in Russia’s natural resources. Mitvol will hold meetings with investors from Capital Research & Management, American […]

Times Online: Shell in talks over $2.1bn Iraqi project

Iraqi Industry Minister reveals Shell is expected to team up with Dow Chemical to expand a chemical plant near Basra August 29, 2007 Steve Hawkes Shell is in talks with the Iraqi Government about restoring and expanding a chemical plant near the city of Basra in a $2.1 billion (£1.1 billion) project, it emerged today. […] State orders cleanup at polluted Bakersfield refinery

Last Update: 8/28 1:43 pm  BAKERSFIELD, Calif. (AP) – State regulators will force a polluted refinery’s owners to clean up decades worth of contaminated soil and groundwater lying beneath the facility. The Big West Oil of California refinery in Bakersfield was partially shut down in June after releasing more than 1,000 barrels of oil from […]

Bloomberg: Shell Wants to Sell Some U.K., Irish, Faroe Oil, Gas Prospects

By Stephen Voss Aug. 29 (Bloomberg) — Royal Dutch Shell Plc is seeking buyers for stakes in several oil and natural-gas exploration assets off the coast of the U.K., Ireland and Faroe Islands, a Schlumberger Ltd. energy asset marketing Web site said. Shell is offering U.K. license P799, including the South Uist gas prospect, Irish […]

Reuters: UPDATE 1-Shell, Dow in talks on $2.1 bln Iraq chemical plant

Wed Aug 29, 2007 12:22 PM BST DUBAI, Aug 29 (Reuters) – Royal Dutch Shell Plc (RDSa.L: Quote, Profile , Research) and Dow Chemical (DOW.N: Quote, Profile , Research) are in talks with the Iraqi government to rehabilitate and expand a chemical plant in southern Iraq at a cost of up to $2.1 billion, the […]

Predatory practices of Royal Dutch Shell: The Wexco Case

By John Donovan We recently published an article about how the management of Shell Oil Products in the USA had for a number of years turned a blind eye to a lube chain in Illinois blending Shell’s Pennzoil oil brand with a cheaper product and selling it to consumers as Pennzoil. Apart from the consumer […]

The Canadian Press: Oilpatch wondering who will use power from proposed Alberta nuclear plant

JAMES STEVENSON August 28, 2007 (CP) – Bold plans to bring nuclear power to northern Alberta were unveiled Tuesday, but just exactly who’ll be using most of the megawatts remained a mystery even to many in the oilpatch. It’s assumed that Energy Alberta Corp.’s proposed $6.2-billion project to put a Candu twin reactor in the […]

Grand Junction Daily Sentinel (Colorado): Penry urges caution on oil shale as lawmakers worry about water

EXTRACT: It’s too early to tell how thirsty Royal Dutch Shell’s in situ oil shale extraction process is, especially on a commercial scale, company spokeswoman Jill Davis said.   By BOBBY MAGILL The Daily Sentinel Wednesday, August 29, 2007 With oil shale and other Western Slope and Front Range interests at stake in how the remainder […]

Bloomberg: Shell, Exxon Allowed to Expand Wadden Sea Gas Output (Update1)

By Fred Pals and Marcel van de Hoef Aug. 29 (Bloomberg) — Royal Dutch Shell Plc and Exxon Mobil Corp. will be allowed to expand its natural gas production in a wetlands area in northeast Netherlands, a government court said today, overruling objections from environmental groups. Shell and Exxon’s Dutch venture, Nederlandse Aardolie Maatschappij BV, […]

Business News Americas: Shell opening 100th VNG service station – Brazil

Published: Aug 29, 2007 (Business News Americas) – The Brazilian unit of Anglo-Dutch oil company Shell (NYSE: RDS-B) was due to open its 100th VNG service station in the country on August 29, the company said in a statement. The new station is in Pernambuco state. Shell aims to have 110 VNG service stations in […]

New Straits Times (Malaysia): Shell and TV3 video jingle on road safety

Published: Aug 29, 2007 PETALING JAYA: Shell Malaysia, in association with TV3, has come up with a video jingle on road safety, featuring the popular comedy group, Senario. The video jingle, supported by the Ministry of Education and the Ministry of Transport, will be aired today and is tailor-made for youngsters. It will convey the […]

AAP News (Australasia): SA: Motor club urges a second look at petrol vouchers

ADELAIDE, Aug 29 AAP – South Australia’s motoring body has called on the consumer watchdog to reinvestigate the impact of supermarket discount vouchers on competition in the petrol market. In its submission to the petrol price inquiry, the Royal Automobile Association (RAA) said while the Australian Competition and Consumer Commission (ACCC) had already reported on […]

Philippine Daily Inquirer: Tax credit scam witness laments slow justice

Michelle V. Remo, Published: Aug 29, 2007 THE MAIN WITNESS TO THE MULTIBILlion-peso tax credit scam has asked Finance Secretary Margarito Teves to help speed up the resolution of the case that has dragged on for more than a decade. Unfortunately, it appears that government efforts to recover the lost revenues in the tax credit […]

Financial Times: Notebook: Swearing blind in the Commons

By Sue Cameron Published: August 28 2007 19:20 | Last updated: August 28 2007 19:20 As the political circus starts up again, stand by for more suggestions on how Gordon Brown can meet his pledge to “rebalance power between parliament and government”. One idea from Quentin Letts, writing in The Observer, is that witnesses to […]

The Guardian: Kazakhs halt Shell oil project

Terry Macalister Wednesday August 29, 2007 Shell has run into trouble over another big oil project in the former Soviet Union with the government of Kazakhstan halting development of the Kashagan field alleging environmental violations and cost over-runs in a move with ominous similarities to the Sakhalin-2 row. Shell is one of a number of […]

The Guardian: Women bosses left behind by men’s pay

EXTRACT: Just behind Dame Marjorie on the list of female executives came Linda Cook at Shell, who was paid £1.9m in 2006. Ms Cook runs the gas and power division at the Anglo-Dutch oil group. An American who has been with Shell since leaving the University of Kansas, she is also a non-executive director of […]