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September 18th, 2007:

Reuters: INTERVIEW-Shell says market favorable for refinery growth

Tue Sep 18, 2007 9:33pm BST
 
NEW ORLEANS, Sept 18 (Reuters) Shell Oil Co. President John Hofmeister said conditions are favorable for an increase in refining capacity as the company moves closer to a decision on doubling the size of a joint-venture refinery in Texas.

“We make long-term decisions,” Hofmeister said. “We think that the long-term supply relationship with the marketplace says it’s now time for more manufacturing capacity.”

Shell has said it and joint-venture partner Saudi Refining plan to decide by the end of the year on increasing refining capacity at the 285,000 barrel per day (bpd) Motiva Enterprises refinery in Port Arthur, Texas, to 600,000 bpd. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

MyFoxHouston: Shell Oil Begins Evacuating Gulf Coast Operations

Last Edited: Tuesday, 18 Sep 2007, 5:55 PM CDT 
Created: Tuesday, 18 Sep 2007, 5:55 PM CDT 
 
Administrators at Shell Oil began evacuating employees from operations in the Gulf of Mexico.

The almost 300 people that evacuated Tuesday were classified as not essential toward production and drilling operations.

Company administrators are concerned with the potential development of a tropical disturbance in the region.

Approximately 400 more Shell employees are expected to be evacuated from gulf coast platforms Wednesday. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

canadianbusiness.com: Royal Dutch Shell Paid Covington & Burling $100,000 to Lobby Against Sanctions

September 18, 2007 – 3:25 p.m.

WASHINGTON (AP) – Royal Dutch Shell plc paid Covington & Burling LLP $100,000 to lobby the federal government in the first half of 2007, according to a recent disclosure form.

The firm lobbied Congress and the U.S. State Department to oppose economic sanctions against Shell, according to a form filed Aug. 14 by the Senate’s public records office.

The U.S. government has warned the Dutch energy giant that it could be subject to sanctions if it pursues a liquefied natural gas project with Iran. The Amsterdam-based company signed an exploratory agreement with Iran earlier this year. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Bloomberg: Oil May Rise to $150 a Barrel, Ex-Shell Chairman Says (Update1)

By Eduard Gismatullin and Francine Lacqua

Sept. 18 (Bloomberg) — Crude oil prices may rise to $150 a barrel in the next 20 years because demand is growing in China and some other developing nations and reserves are dwindling, said the former chairman of the U.K. branch of Royal Dutch Shell Plc.

The world is running out of “cheap oil,” Ronald Oxburgh, the former chairman at Shell Transport & Trading Plc, said in an interview late yesterday from Ireland. “The world is never going to run out of oil. The price is likely to rise so high, that we simply cannot afford to use it as a cheap fuel.” read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Hemscott: Shell says efforts to restore Texas refinery ops begin

LONDON (Thomson Financial) – Royal Dutch Shell PLC said the process of restoring operations at the 285,000-barrel a day Port Arthur oil refinery in Texas has started.

The refinery is run by Houston-based Motiva Enterprises LLC, a joint venture between Shell and Saudi Aramco. It was shut last week after Hurricane Humberto struck the area, causing widespread power outages.

‘The Motiva Port Arthur Refinery has restored most of the power to the facility. Safety continues to be the number one priority as Motiva continues to work as quickly as possible to re-start production,’ Shell said in a statement. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Bloomberg: Dated Brent Falls Most in 2 Months as Shell Offers Forties Oil

By Alexander Kwiatkowski

Sept. 18 (Bloomberg) — Dated Brent declined the most in more than two months relative to the cost of November oil after Royal Dutch Shell Plc offered to sell a cargo of the benchmark Forties crude.

Dated Brent for loading in 10 to 21 days was at a discount of 15 cents to the cost of November oil, compared with a premium of 72 cents yesterday, according to data from PVM Oil Associates Ltd. That’s the biggest drop since July 9. Physical crude oil for November delivery was at $76.95 a barrel at 9:55 a.m. London time, according to PVM. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

CNNMoney.com: Venture Production Eyes Shell North Sea Assets – Financial Chief

September 18, 2007: 03:28 AM EST

LONDON -(Dow Jones)- U.K. mid-size oil company Venture Production PLC (VPC.LN) is looking at the U.K. North Sea assets put up for sale in June by Royal Dutch Shell PLC (RDSB.LN) and Exxon Mobil Corp. (XOM), Venture’s Finance Director Marie-Louise Clayton said Tuesday.

The companies are marketing Northern North Sea assets, including operated interests in Cormorant Alpha, Cormorant North, Tern, Eider, Kestrel and Pelican.

Shell said the sale would impact 25,000 to 30,000 barrels of oil equivalent a day, out of total U.K. output of 350,000 barrels of oil equivalent a day. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Oil and Gas Eurasia: High Technologies for Sakhalin-II Offshore Facilities

By Oleg Karpushin

For a number of reasons, the Sakhalin-II project run by the Sakhalin Energy company is unparalleled in its scale.

First, it is being implemented in severe climatic conditions in the Sea of Okhotsk where the water is covered with thick ice for six winter months. Secondly, all operations  have to be carried out with the fragile northern nature of Sakhalin Island in mind. Thirdly, the area is prone to high seismic loads. In addition, Sakhalin-II is unique in its scale and integrated project as hydrocarbon production, transport and processing taking place hundreds of kilometers away, will be monitored from a single control center. In response to these dramatic challenges, Sakhalin Energy could not help but rely on state-of-the-art technologies, or in some instances even pioneer their application. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Irish Times: Shell to submit Corrib route for approval

Lorna Siggins, Marine Correspondent, Irish Times
Published: Sep 18, 2007

Consultants for Shell E&P Ireland intend to submit the entire Corrib gas pipeline route to State authorities for approval for the first time.

The move, which will only take place when a new onshore route for the pipeline is finalised, should circumvent criticisms of “project splitting” levelled at the Corrib gas partners, according to the consultants.

However, An Bord Pleanala said it can’t consider the entire pipeline, from the wellhead off the Mayo coast to the terminal inshore, as its remit does not extend to the foreshore in this case. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Lloyds List: Japanese form LPG pact with Koreans

Tony Gray, Lloyds List
Published: Sep 18, 2007

CONSOLIDATION in Japan’s LPG industry has taken on an international flavour following a co-operation pact between trading house Itochu and South Korea’s SK Gas. Areas for co-operation are expected to include shipping, writes Tony Gray.

SK Gas confirmed that a memorandum of understanding had been signed with Japan’s Itochu to invest in LPG terminals and co-operate in LPG trading.

The company was responding to a report in the Japanese financial daily Nikkei that said the strategic alliance would also embrace shipping and a joint business partnership in China. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

FT REPORT – CHEMICAL INDUSTRY: A downturn looms larger

By Salamander Davoudi, Financial Times
Published: Sep 18, 2007

Volatility in the financial markets and a growing credit crunch are fuelling fears that the next chemical industry downturn could come sooner than expected.

“This is exercising a lot of people’s minds. The problem may be relatively confined but people are nervous,” says one banker to the industry.

The plain truth is that across the industry people are looking at demand, capacity and the wider global economic outlook and scratching their heads. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Financial Times: Oil Search plays down talk of $5bn approach from China

By Peter Smith in Sydney and Richard McGregor in Beijing
Published: September 18 2007 03:00 | Last updated: September 18 2007 03:00

Oil Search yesterday played down reports that it was the $5bn bid target of a Chinese joint venture after shares of Papua New Guinea’s leading oil and gas producer jumped 19 per cent.

The company said it had not received any “formal” takeover approaches after a report suggested CNPC Exploration, a joint venture between China National Petroleum Corporation and PetroChina, was considering a bid worth close to $5bn. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Financial Times: Stopping a crisis becoming a catastrophe

By Philip Stephens
Published: September 17 2007 23:17 | Last updated: September 17 2007 23:17

In the end fine economic judgments were swept aside by politics, calm deliberation by panic on the streets. Never mind that investors in Northern Rock, Britain’s fifth largest mortgage lender, had been assured their money was safe. The television images of thousands queuing to empty their bank accounts the length and breadth of Britain were too much for Gordon Brown’s government. Signs that the contagion was spreading to other leading banks risked a crisis turning into a catastrophe. Only a blanket guarantee would do. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

THE WALL STREET JOURNAL: Energy Sector’s ‘Flaring’ Draws Crackdown

Natural-Gas Burnoff
By Oil Firms Rises 14%
Amid Remote Drilling
By SPENCER SWARTZ
September 18, 2007

London

The world’s energy industry has never been keener to tap the commercial potential of natural gas. But ironically, some nations are wasting more gas than ever before, as producers burn it off straight into the atmosphere.

A World Bank-financed study released this month found the industry burned off, or “flared,” about $40 billion of gas globally in 2006, up 14% from 2004, partly because of higher oil and gas prices. The study also found that 22 countries, including Russia and China, flare much more gas today than a decade ago, as companies pump more oil from new and more remote areas. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Herald Sun (Australia): Chinese interest sends Oil Search shares soaring

Article from: Felicity Williams with Bloomberg
September 18, 2007 12:00am

KEEN Chinese interest in winning access to rich gas projects in Papua New Guinea sent Oil Search shares rocketing almost 12 per cent yesterday.

Oil Search is the biggest owner of natural gas resources in PNG under joint ventures led by ExxonMobil and BG Group.

The South China Morning Post reported yesterday that CNPC Exploration — a partnership between China Natural Petroleum Corp and PetroChina — was considering offering as much as $US5 billion ($A5.94 billion) for Oil Search. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Vanguard (Nigeria): Bayelsa House summons Shell

By Samuel Oyadongha
Posted to the Web: Tuesday, September 18, 2007

Yenagoa—Bayelsa State House of Assembly has summoned the Anglo-Dutch oil giant, Shell Petroleum Development Company, (SPDC) to appear before it tomorrow over the allegation of neglect by one of its host communities.

The invitation of SPDC to appear before the house followed a petition forwarded by the people of Agorogbene in the Sagbama local government area of the state accusing the oil company of insensitivity to the plight of its host communities. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.
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