Posts on ‘September 6th, 2007’

By Russell Hotten, Industry Editor Last Updated: 2:17am BST 07/09/2007 Royal Dutch Shell’s long-running battles with the government of Argentina intensified after the company was ordered to close a refinery for allegedly breaching environmental laws. The order to shut the facility, which produces about 12pc of Argentina’s diesel fuel, will further anger the Anglo-Dutch company, [...]

Terry Macalister and Graeme Wearden Friday September 7, 2007 Max Petroleum, a small UK oil and gas exploration firm that became a darling of the London stock market, has suspended its two top executives and started a wide-ranging investigation into their share option dealings and other issues. The Aim-listed company said yesterday that chief executive [...]

By Redempto D Anda, Editor, Palawan Sun Newsweekly Of course I remember David Greer. He was the irrepressible can-do guy who led Shell’s pioneering and technically ambitious pipeline laying project from Palawan’s Camago-Malampaya gas field to the shores of Batangas in Luzon. David was in the news months ago, after his internal memo addressed to [...]

08:50 – 06 September 2007 thisisnorthscotland.co.uk Union bosses are demanding a Health and Safety Executive inquiry into oil giant Shell’s North Sea operations. Graham Tran, regional officer with the Unite union’s Amicus section, and the OILC’s Jake Molloy, say there are gaps in “safety-critical positions” on Shell installations which are up for sale. The unions [...]

By Chris Hopson UK trades union Unite and the Offshore Industry Liaison Committee (OILC) have called on the Health & Safety Executive (HSE) to look into safety processes in place at supermajor Shell’s North Sea operations. The unions are asking the HSE to look at the company’s “management of change” processes and whether Shell can [...]

Thu Sep 6, 2007 12:16 PM BST ABERDEEN, Scotland, Sept 6 (Reuters) – Royal Dutch Shell (RDSa.L: Quote, Profile , Research) aims for more investment in oil and gas exploration and production in Norway as it looks to sell off assets in the mature UK sector of the North Sea. “We are keen to grow [...]

September 6, 2007 ASTANA, Kazakhstan –Kazakhstan’s Prime Minister Karim Masimov suggested Thursday that the state-run energy company Kazmunaigas should take a major role in a troubled foreign-led project to develop the massive Kashagan oil field. Karim Masimov’s remarks were the government’s latest warning to the consortium developing Kashagan. The government is seeking to renegotiate the [...]

Daily Champion (Lagos) 6 September 2007 Dennis Udoma Uyo OFFICIALS of Dutch Shell Tuesday, led a Joint Investigation Team to communities ravaged by oil spill in Akwa Ibom State and promised to tackle all environmental problems already impacting negatively on host communities and people of the state. This followed recent claims by the Department of [...]

ABERDEEN, Sept 6 (Reuters) – Royal Dutch Shell (RDSa.L: Quote, Profile , Research) (RDSa.AS: Quote, Profile , Research) will meet with staff later on Thursday to discuss safety concerns raised by employees on offshore platforms in the UK North Sea, a company spokesman said. Staff have written to Shell’s vice president for production in Europe [...]

Published: September 6 2007 03:00 | Last updated: September 6 2007 03:00 Oil reserves are slippery. With different companies using various methodologies to assess reserves – sometimes regarding the same field – the numbers can be open to a fair degree of interpretation. One system most oil investors are familiar with is that of the [...]

By Peggy Hollinger in Paris and Dino Mahtani in London Published: September 6 2007 Total’s ability to resist the pressures on production facing its international rivals was called into question on Wednesday as the French oil major cut output targets by 20 per cent for the four years to 2010. Christophe de Margerie, the new [...]

By Ed Crooks Published: September 6 2007 03:00 | Last updated: September 6 2007 03:00 More than 100 MPs have called on the government to explain its involvement in Iraq’s new oil law, raising concerns about the influence of western oil companies. A parliamentary early-day motion demanding that “decisions on the Iraqi oil industry should [...]

By Dino Mahtani Published: September 6 2007 03:00 | Last updated: September 6 2007 03:00 Libya announced yesterday it had approved more than 50 oil and gas companies, including some of the world’s biggest multinationals, to bid on its first gas-only licensing round. Libya said western groups ExxonMobil, Chevron Corp, Royal Dutch Shell, BP, Eni [...]

Headline: Offshore safety concerns raised     Unions want reassurances over worker safety Two offshore unions have called on the Health and Safety Executive to investigate Shell’s operations in the North Sea. Unite and the OILC believe the recent loss of key personnel from platforms Shell is selling means remaining staff may be unable to cope [...]

By BENOIT FAUCON and MARGOT PATRICK September 6, 2007 LONDON — Standard Chartered PLC agreed to buy London-based oil- and gas-finance boutique Harrison Lovegrove & Co. for an undisclosed amount, as the bank moves aggressively into the lucrative mergers-and-acquisitions boom in the oil and gas industry. Harrison Lovegrove, with operations in London, Moscow, Kuala Lumpur, [...]