Royal Dutch Shell plc .com Rotating Header Image

Posts from ‘September, 2007’

Derek Brower: Crude realities

A new film, “A Crude Awakening”, leaves out too many inconvenient truths By Derek Brower, journalist OIL IS a finite resource, so the more of it the world’s energy companies extract, the less will remain. On that, everyone agrees. One day, we will reach the mathematical peak of the world’s reserves. When that day will [...]

Reuters: Shell signs heavy oil deal with Russia’s Tatneft

Thu Sep 27, 2007 2:26 PM BST MOSCOW, Sept 27 (Reuters) – Royal Dutch Shell and Tatneft signed on Thursday a deal which can strengthen the oil major’s position in Russia’s energy sector and help Tatneft tap hard-to-extract oil. Under the agreement, the two companies will jointly develop vast heavy bitumen oil deposits in the [...]

fool.com: Shelling Out for More Refinement

By David Lee Smith September 26, 2007 It appears that Netherlands-based Royal Dutch Shell (NYSE: RDS-A) (NYSE: RDS-B) is about to become more refined. And it has to venture to Port Arthur, Texas, to do so. Shell and its Saudi Aramco partner, the principals in Motiva Enterprises, which owns a Port Arthur refinery with a [...]

MarketWatch: Shell signs deal with Tatneft on Russian tar sands project

By Benoit Faucon Last Update: 8:19 AM ET Sep 27, 2007 LONDON (MarketWatch) — Royal Dutch Shell PLC (RDSB.LN) Thursday signed a deal with OAO Tatneft, Russia’s sixth-largest oil producer by volume, to develop a major tar sands project in Tatarstan, its home region, and paved the way for other potential projects. The deal follows [...]

Malaysia: Judiciary and corruption (For obvious reasons the legal jurisdiction of choice for Shell)

Introduction by Alfred & John Donovan We recently published an article about the corruption crisis in the Malaysian judiciary. CORRUPTION CRISIS IN MALAYSIAN JUDICIARY IMPACTS ON SHELL LITIGATION We pointed out why EIGHT Royal Shell companies preferred to prosecute its defamation action against Dr Huong in Malaysia even though the alleged libellous comments posted on [...]

Asia Pulse: WOODSIDE PETROLEUM’S AFRICAN PORTFOLIO FACING CHOP

MELBOURNE, Sept 27 Asia Pulse – Woodside Petroleum Ltd’s (ASX:WPL) existing African portfolio is facing the chop after the oil and gas producer decided to sell its troubled Mauritania assets to Malaysian-government owned group Petroliam Nasional Berhad. The oil and gas producer said the $US418 million ($A477.52 million) sale would include all of Woodside’s onshore [...]

Lloyds List: Construction problems set to postpone Sakhalin oil

Martyn Wingrove, Lloyds List Published: Sep 27, 2007 OIL and gas exports from the new terminals on Sakhalin Island will not begin until well into the first half of next year due to construction and commissioning delays on Russia’s largest offshore project. The Gazprom-led Sakhalin Energy Investment company continues to build and commission the oil [...]

Financial Times: Kazakh legislators push new oilfield contract

By Isabel Gorst and Ed Crooks in London Published: September 27 2007 03:00 | Last updated: September 27 2007 03:00 Lawmakers in Kazakhstan have approved a bill to empower the state to annul natural resource contracts, strengthening the oil-rich Central Asian republic’s hand in its dispute with foreign oil groups led by Eni of Italy [...]

Financial Times: Chevron moves to spend $15bn on its own shares

By Ed Crooks in London Published: September 27 2007 03:00 | Last updated: September 27 2007 03:00 Chevron, the second-largest US oil company, is to spend $15bn on its own shares within the next three years, extending a $5bn-a-year programme that began in 2005. The move reflects big oil companies’ difficulties in finding uses for [...]

The New York Times: Kazakhstan Moves to Alter Oil Company Contracts

By DAVID L. STERN Published: September 27, 2007 ALMATY, Kazakhstan, Sept. 26 — The Kazakhstan Parliament took steps on Wednesday to grant the government the right to alter or cancel international energy contracts unilaterally should they run counter to the country’s interests. The lower house of Parliament — in which all elected seats belong to [...]

Daily Telegraph: ‘Half of Zimbabwe will soon need food aid’

  Zimbabweans line up to receive food aid  By Sophie Arie Last Updated: 2:28am BST 27/09/2007 Half of Zimbabwe’s people will be dependent on emergency food aid next year, a senior British diplomatic source has said, in a damning indictment of President Robert Mugabe’s regime. Of an estimated eight million Zimbabweans still in the country, [...]

cnbc.com: PetroChina starts building LNG project in Dalian – report|

27 Sep 2007 | 01:13 AM ET BEIJING (XFN-ASIA) – PetroChina Co Ltd (HK 0857), the country’s largest oil and gas producer, has started building a liquefied natural gas (LNG) project in Dalian, in northeastern China’s Liaoning province, the Dalian Daily reported. The project includes an LNG terminal, a wharf and a gas pipeline, and [...]

Business Week: Big Oil’s Big Stall On Ethanol

OCTOBER 1, 2007  NEWS & INSIGHTS By David Kiley Even as it pockets billions in subsidies, it’s trying to keep E85 out of drivers’ tanks For some industries, the prospect of $3.5 billion in federal subsidies now, and double that in three years, might be a powerful incentive. But not, apparently, for the oil industry, [...]

Financial Times: BP moves to clarify ‘dreadful’ comment

By Ed Crooks Published: September 26 2007 03:00 | Last updated: September 26 2007 03:00 BP shares fell yesterday after the Financial Times reported that Tony Hayward, chief executive, had told staff that thecompany’s revenues in the third quarter had been “dreadful”. He also told employees at a “town hall” meeting in Houston to expect [...]

Financial Times: BP chief learns lesson one in the PR cookbook

By Chris Hughes Published: September 26 2007 03:00 | Last updated: September 26 2007 03:00 Tony Hayward, the new chief executive of BP, was naïve when he lambasted a hundred senior executives for the company’s “dreadful” operating performance and assumed the comment would not leak out. But this should not be a hanging offence. Details [...]