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Posts on ‘September 12th, 2007’

The Wall Street Journal: Anita Roddick

By LEO JOHNSON September 13, 2007 The “Queen of Green,” the “Mother Teresa of Capitalism,” the formally appointed “Chief Wiper Away of Tears” of the Ogoni People — Anita Roddick, founder of The Body Shop, died this week. What was her real legacy? Was she the pioneer that mainstreamed corporate social responsibility as a corporate [...]

Reuters: Shell Canada says no nukes for oil sands operation

Wed Sep 12, 2007 2:59pm ET By Scott Haggett CALGARY, Alberta, Sept 12 (Reuters) – Royal Dutch Shell Plc (RDSa.L: Quote, Profile , Research) won’t be using nuclear power at its extensive Canadian oil sands operations, the head of the company’s Canadian unit said on Wednesday. Adrian Loader, president of Shell Canada, quashed speculation it [...]

The Moscow Times: Business in Brief

Thursday, September 13, 2007. Issue 3742. Page 6. Kashagan Date Set ALMATY, Kazakhstan — Kazakhstan has given Eni until Oct. 22 to negotiate a “friendly” deal on the development of Kashagan, the world’s biggest oil discovery in three decades, after Tuesday calling Eni’s development plan unacceptable. “The sides have until Oct. 22 to negotiate a [...]

Anchorage Daily News: Shell may disband Alaska drill fleet in wake of ruling

By WESLEY LOY wloy@adn.com Published: September 12, 2007 Last Modified: September 12, 2007 at 04:39 PM Shell will start releasing contract workers and soon could disband its offshore drilling fleet due to a federal court order blocking the oil company’s plans to drill exploratory wells this fall in the Beaufort Sea. The retrenchment does not [...]

AFX UK (Focus): CVRD, Shell Brazil in natural gas exploitation deal for Espirito Santo state

Published: Sep 12, 2007 RIO DE JANEIRO (Thomson Financial) – Brazilian mining group Compagnie Vale do Rio Doce (CVRD) said it has signed an agreement with Royal Dutch Shell’s Brazilian unit under which the groups will study jointly exploiting natural gas blocks operated by Shell Brazil in the federal state of Espirito Santo in the [...]

Financial Times: Lukoil seeks bigger presence in EU

By Ed Crooks in Vienna Published: September 12 2007 19:45 | Last updated: September 12 2007 19:45 Lukoil, Russia’s second biggest oil company, is planning more acquisitions in the European Union, believing that the market has become more favourable for deals, a senior executive has told the Financial Times. Lukoil, which is 20 per cent [...]

Reuters: Oil hits record over $80 on tight supply

Wed Sep 12, 2007 2:41pm ET By Richard Valdmanis NEW YORK (Reuters) – Crude oil prices vaulted to a record high $80 a barrel on Wednesday as dealers focused on tight inventories in top consumer the United States ahead of peak winter demand. A rash of fires at BP’s oil fields in Alaska’s North Slope [...]

Reuters: Shell CEO sees Texas refinery decision by yearend

Wed Sep 12, 2007 5:19 PM BST (In U.S. dollars) CALGARY, Alberta, Sept 12 (Reuters) – Royal Dutch Shell Plc (RDSa.L: Quote, Profile , Research) will make a final decision on whether to go ahead with a $5 billion plan to double capacity at its oil refinery at Port Arthur, Texas, by yearend, chief executive [...]

Reuters: Kremlin aide unaware of plans for energy giant

Wed Sep 12, 2007 7:13AM EDT Michael Stott and Anastasia Onegina MOSCOW (Reuters) – A top Kremlin economic aide told Reuters he had not heard of plans to create a giant Russian state energy firm by merging state-controlled Rosneft (ROSN.MM: Quote, Profile, Research), private Surgutneftegas (SNGS.MM: Quote, Profile, Research) and other smaller players. “I don’t [...]

Reuters: UPDATE 1-Shell CEO says psychology behind high oil prices

Wed Sep 12, 2007 4:30 PM BST (Adds detail and comment. In U.S. dollars) CALGARY, Alberta, Sept 12 (Reuters) – Royal Dutch Shell Plc’s (RDSa.L: Quote, Profile , Research) top executive said on Wednesday he sees no fundamental reason for crude oil prices that have jumped above $78 a barrel. “No one has to wait [...]

Prospect Magazine: Shell’s Colchester headache

As journalists and disgruntled employees have realised, if you want to know what’s up at one of the worlds biggest companies or just want a good moan about the latest oil spill start with www.royaldutchshellplc.com. Published by Derek Brower September 12, 2007 in Energy. In Prospects February issue, I reported on John and Alfred Donovan, [...]

BBC News: Russian ex-spies flex their muscles

(Mr Ivanov and Mr Putin, both ex-KGB, are close associates) This week Russian communists laid flowers at the tomb of Soviet secret police founder Felix Dzerzhinsky, on the 130th anniversary of his birth. The BBC’s James Rodgers in Moscow examines the enduring influence of the secret police in the era of President Vladimir Putin – [...]

newsminer.com: Shell to lay-off workers barring change from courts

By Eric Lidji elidji@newsminer.com Published September 12, 2007 Shell Oil announced Tuesday that it plans to start laying off personnel from its offshore drilling program in Alaska in response to delays brought about by a lawsuit undergoing review by a federal appeals court. While the company could not provide a detailed breakdown of how many [...]

villagesoup.com: Senator seeks to end state investment in firms with ties to terror nations

EXTRACT: …Strimling identified current investments by the state of more than $50 million in companies such as Royal Dutch Shell, Siemens AG, Repsol, Hyundia and others that do millions of dollars worth of business, mostly in the oil, gas and energy industries of Iran, Syria and North Korea. THE ARTICLE PORTLAND (Sep 11): Sen. Ethan [...]

Lloyds List: Offshore boom finds favour with financiers

Published: Sep 12, 2007 What’s the fuss? THE surge in demand for energy, coupled with high oil prices, has led to a boom in exploration and production. Given that offshore activity is expected to represent 43% of oil production and 83% of gas production by the end of 2008, there is a high level of [...]