Royal Dutch Shell plc .com Rotating Header Image

Posts from ‘November, 2007’

Saturday Tribune (Nigeria): World HIV/AIDS Day: Shell Pledges Commitment

Martin Ayankola, Lagos – 01.12.2007 As Nigeria joins the global community in celebrating AIDS Day today, Shell Companies in Nigeria have restated their commitment to helping to contain the effect of the disease by raising awareness on its causes and management. Celebrations marking the World HIV/AIDS Day is being held amid reports that the disease […]

The Edmonton Journal: Shell Centre to create oil technologies

The Shell Manufacturing Centre opened at NAIT on Thursday. Watching an automated manufacturing line are, from left, NAIT president Sam Shaw, Western Economic Diversification Minister Rona Ambrose, and Shell oilsands vice-president Brian Straub. Chris Schwarz, The Journal Search is on for better, more efficient ways to extract harder-to-get crude David Finlayson, The Edmonton Journal Published: […]

OilVoice.com: Faroe Petroleum Acquires Cross Border Package of Shell Assets

Friday, November 30, 2007 Faroe Petroleum plc, the independent oil and gas company focusing principally on exploration in the Atlantic Margin, the North Sea and Norway, has agreed a cross-border package transaction with Shell. The transaction, which is in line with the Company’s stated strategic objectives of Atlantic Margin and Norway exploration drilling and asset […]

sympatico.msn: Kazakhstan wants $7 billion for Kashagan delays

Reuters November 30, 2007 ASTANA (Reuters) – Kazakhstan demanded $7 billion in compensation from an Eni-led consortium on Friday for delays in developing the huge Kashagan oilfield, a source close to the talks said as a deadline for a settlement was hours away. Kazakhstan has set the November 30 deadline for its negotiations with the […]

Live Chat comments today about the demented Shell Astronaut Sir Philip Watts: ‘the collective madness that gripped Shell’

“SPACE, VISION AND STRATEGY”: Sir Philip Watts, sacked Shell Group Chairman who once donned a space suit at a meeting in Maastricht, Netherlands, in 1998 to pump up his troops. General David Greer took a different but equally amusing approach earlier this year before his resignation as Deputy Chief Executive of Sakhalin Energy Investment Company. […]

ROYAL DUTCH/SHELL GROUP OF COMPANIES: 2001 Confidential Management/Market Analysis and Perception Study

Shell confidential reserves fraud discovery document published on Friday 30 November 2007 ROYAL DUTCH/SHELL GROUP OF COMPANIES: 2001 Confidential “Management/Market Analysis and Perception Study” Some extracts: “I like Phil Watts. He is an ‘upstreamer’ and has a good understanding of the business and is looking to grow it profitably.” “RD/Shell’s management comes across as honest […]

Globe & Mail: TransCanada vying for $30-billion pipeline project

DAVID EBNER Globe and Mail Update November 30, 2007 at 7:35 PM EST TransCanada Corp. is among the companies vying to build a $30-billion natural gas pipeline to connect northern Alaska with the continental United States. Calgary-based TransCanada, the country’s largest gas pipeline company, said Friday evening that it has submitted a “strong application” to […]

Reuters: Gazprom: No foreign help for major Arctic fields

Fri Nov 30, 2007 12:50 AM GMT NEW YORK (Reuters) – Russia’s Gazprom OAO (GAZP.MM: Quote, Profile , Research) said on Thursday it is not looking for foreign investment into two major Arctic projects on the Yamal Peninsula, but said it might welcome foreign oil companies at other fields there. Gazprom, the world’s largest natural […]

Bloomberg: Oil Taxes Must Be Simpler to Spur U.K. Output, Lawmakers Say

By Gonzalo Vina Nov. 30 (Bloomberg) — The U.K. Treasury must simplify oil taxation to spur output from the North Sea after high operating costs discouraged companies from working there, a panel of lawmakers in Parliament said. The industry needs a more “consistent and predictable” tax system to ensure companies invest enough to keep undersea […]

Reuters: UPDATE 2-Kazakh oilfield talks under way as deadline expires

Fri Nov 30, 2007 5:49am GMT By Raushan Nurshayeva ASTANA, Nov 30 (Reuters) – Kazakhstan is pressing ahead with closed-door talks with a group of Western oil companies to resolve a row over the huge Kashagan oilfield before the Nov. 30 deadline expires, a senior government official said on Friday. Kazakhstan has set the deadline […]

cnbc: Gazprom sets stage for US expansion

30 Nov 2007 | 01:46 AM ET NEW YORK – OAO Gazprom, Russia’s state-controlled gas monopoly, plans to operate a natural-gas entity in the US by 2014 as part of its strategy to expand its business outside of Russia, its deputy chairman said at a press briefing Thursday. Alexander Medvedev acknowledged that the company faces […]

The Guardian: In praise of … Vincent Cable

Leader Friday November 30, 2007 This is Vincent Cable’s moment. The Liberal Democrats’ acting leader has shown himself to be one of the classiest politicians in the Commons since he had to step into Sir Menzies Campbell’s shoes without warning last month. While the two contenders for the party leadership have been squabbling, their temporary […]

The Guardian: Businesses call for climate pact

Press Association Friday November 30, 2007 4:23 AM The leaders of 150 major global companies have called for a legally binding and comprehensive international deal on climate change. In a communique, the businesses said they needed a mandatory agreement on emissions reductions to give them the confidence to invest in low-carbon technology. The statement, led […]

Economic Times (India): Shell to buy BPCL’s stake in Bharat Shell

30 Nov, 2007, 1053 hrs IST, PTI   NEW DELHI: Global oil major Royal Dutch Shell will buy Bharat Petroleum Corp Ltd’s (BPCL) 49 per cent stake in lubricant marketing firm Bharat Shell Ltd (BSL) for Rs 152.40 crore. BPCL is exiting the joint venture company, floated in 1993 to market Shell branded lubricants in […]

UPI Energy Watch: Sakhalin Energy sustains production levels

Published: Nov. 29, 2007 at 12:36 PM By ANDREA R. MIHAILESCU UPI Energy Correspondent Sakhalin Energy, the operator of the Sakhalin-2 project, produced 1.68 million tons of oil in 2007 in its ninth production season, according to preliminary figures, the Sakhalin Natural Resources Committee told Interfax. Oil production in the 2006 season totaled 11.58 million […]

Shell confidential reserves fraud discovery document published on 29 November 2007

Shell confidential reserves fraud discovery document published on 29 November 2007 Exhibit 64: January 2002 Royal Dutch Shell Committee of Managing Directors Confidential Investor Relations Plan signed by Philip Watts (15 pages) http://www.shellnews.net/classactiondocs/ex64_420.pdf

IRISH TIMES: CORRIB GAS CONTROVERSY AND SHELL TO SEA

Thursday 29th November 2007 Letters to the Editor Madam, – Your reprinting (“Shell To Sea Protests Too Much”) of Fr Kevin Hegarty’s Mayo News column of November 20th, without  acknowledgment, is also interesting in its timing, especially as your recent poll result showed an 84 per cent vote in support of Shell To Sea’s arguments. […]

The Mayo News: Shell to Sea

Wednesday, 21 November 2007  “To use a phrase beloved of Shell to Sea supporters, there is no ‘community consent’ for the badgering of the Gardaí as they seek to maintain the rule of democratic law at the gates of Bellanaboy” Second Reading Fr Kevin Hegarty Last Wednesday the Environmental Protection Agency granted an operating licence […]

A widely predicated calamity on the High Seas

By John Donovan 29 November 2007 I cannot recall any previous occasion when so many people have warned of the likelihood of a disaster on the High Seas likely to cost many lives. Warnings of a North Sea calamity have come from people such as leaders of offshore worker unions and the Aberdeen South Member […]

ABERDEEN PRESS & JOURNAL: OIL BOSSES GET A WARNING

North Sea is “on a knife edge” 08:50 – 29 November 2007 The Health and Safety Executive could press for a prosecution if the probe into the Thistle Alpha fire reveals defects – despite the fact no one was killed or injured in the blaze on Sunday. The undertaking from HSE chief Geoffrey Podger was […]

RadioFreeEurope: The Green Card

Critics, however, claim that the government seems to play the environmental card when it suits Russia’s interests. The $20 billion Sakhalin-II gas project in Russia’s Far East, for example, came under fire in October 2006 when the Natural Resources Ministry threatened to halt the undertaking unless Russian environmental laws were adhered to.   Russia has […]

Daily Telegraph: Business diary: Nothing slick about this right Regal mess

Edited by Simon Goodley Last Updated: 1:22am GMT 29/11/2007 More on the fall-out at Regal Petroleum, the oil explorer that surprised the City last week when it gave the top job to former Royal Dutch Shell executive, David Greer. The company had just signed what looked like a cracking deal with Shell – an agreement […]

The Detroit News: Wildlife photo exhibit premieres at Detroit Zoo

Thursday, November 29, 2007 ROYAL OAK — The 2007 Shell Wildlife Photographer of the Year exhibition, a collection of images from the world’s largest and most prestigious wildlife photography competition, makes its North American premiere at the Detroit Zoo’s Ford Education Center on Dec. 13. The exhibition features 107 photographs dramatically displayed as illuminated large-format […]

Financial Times: Shell looks to sell two Nigerian oil licences

By Dino Mahtani in London and Matthew Green in Lagos Published: November 29 2007 02:00 | Last updated: November 29 2007 02:00 Royal Dutch Shell is privately negotiating the sale of its stake in two offshore oil licences in Nigeria, with China’s state-controlled offshore company and Nigeria’s largest fuel retailer among the front-runners for the […]

BBC News: Offshore safety on ‘knife-edge': The HSE said prosecutions would be considered

Wednesday, 28 November 2007 Safety is on  a “knife-edge” in some parts of the North Sea oil industry, MPs have been warned. The message from the Health and Safety Executive (HSE) came after two platform fires north east of the Shetland. HSE chief Geoffrey Podger said prosecutions would be considered as part of the investigations, […]

kyivpost.com: Shell pulls out of deal with Regal

By John Marone, Kyiv Post Staff Writer Nov 29 2007, 00:21   Energy giant Royal Dutch Shell has pulled out of a $410 million preliminary agreement to buy a majority stake in the Ukrainian assets of a small, controversial energy company. Shell was the first multinational to get a foothold on the Ukrainian hydrocarbons market […]

The Times: Brazil reaps billions from oil block sale

November 29, 2007 Carl Mortished, World Business Editor Brazil reaped a billion-dollar harvest yesterday with a frantic sale of oil and gas exploration concessions, despite a boycott of the auction by the major multinationals. The first sale of exploration acreage by Brazil since the discovery of the Tupi field excited keen interest, generating bids worth […]

Shell confidential reserves fraud discovery documents published on 28 November 2007

Shell confidential reserves fraud discovery documents published on 28 November 2007  Exhibit 132: SPDC Restatement 1998-2002: Confidential (9 pages) http://www.shellnews.net/classactiondocs/ex132_419_7.pdf Exhibit 133: Note for Discussion: Group Investor Relations: Strategy and Plan to 2004: Every page marked “Confidential” (20 pages) http://www.shellnews.net/classactiondocs/ex133_419_8.pdf Exhibit 134: 2002 Executive Summary: Most Confidential: Signed by Walter van de Vivjer (12 pages) […]

Fortune Magazine: Chevron’s CEO: The price of oil

November 28 2007: 11:06 AM EST Love it or hate it, argues David O’Reilly in an interview with Fortune’s Geoff Colvin, the world is going to run on oil for several more decades. By Geoff Colvin, Fortune senior editor-at-large (Fortune Magazine) — Oil companies are blamed (unjustly) for high gas prices, loathed for profiting from […]

The American Spectator: Back to the Future With Putin

EXTRACT: The recent experience of Royal Dutch Shell in being pressured out of a key oil and gas project it had pioneered in Sakhalin has had a dampening effect on foreign investment in other energy infrastructure projects and akin areas essential to broad scale development. THE ARTICLE By George H. Wittman Published 11/28/2007 12:07:35 AM […]

The Wall Street Journal: Cnooc to Target Caspian Sea Area But Avoid Russia

By DAVID WINNING and RENYA PENG November 28, 2007 Chinese offshore-oil producer Cnooc Ltd. wants to buy assets in the prolific oil-producing region of the Caspian Sea but isn’t interested in Russia because the risks are too high, a senior company official said. Yang Hua, chief financial officer, added the Caspian Sea to a list […]

Bloomberg: Oil Rises as OPEC Ministers Downplay Possible Production Boost

By Grant Smith and Alexander Kwiatkowski Nov. 28 (Bloomberg) — Crude oil rose in New York trading as OPEC ministers countered reports the group is planning to raise production at a meeting next week. The Organization of Petroleum Exporting Countries currently has no plan to raise oil output when it meets next week in Abu […]

Bloomberg: African Petroleum May Buy Shell Assets, People Say (Update1)

By Julie Ziegler Nov. 28 (Bloomberg) — African Petroleum Plc, Nigeria’s largest fuel retailer, is competing with China’s Cnooc Ltd. to buy Royal Dutch Shell Plc’s stake in two offshore oil exploration licenses, two people with knowledge of the situation said. A sale may be worth as much as $1 billion, said Sebastian Spio- Garbrah, […]

Reuters: Shell to become Ormen Lange operator on Dec 1

Wed Nov 28, 2007 11:04 AM GMT OSLO, Nov 28 (Reuters) – Royal Dutch Shell (RDSa.L: Quote, Profile , Research) will take over as operator of the Ormen Lange gas field in the Norwegian Sea on Dec. 1, development phase operator StatoilHydro (STL.OL: Quote, Profile , Research) said on Wednesday. Ormen Lange, on stream from […]

BBC News: New offshore safety fears raised: ‘It’s unacceptable and is putting lives at risk’

Wednesday, 28 November 2007, 09:57 GMT A union leader has called for urgent action to address offshore safety amid fears that somebody could be killed. An investigation has been launched into a fire which broke out on Shell’s North Cormorant on Tuesday. It followed a serious fire on the Thistle Alpha on Sunday. Both platforms […]

Bakersfield Californian: Shell Oil restarts cleanup of site

Bakersfield Californian: Shell Oil restarts cleanup of site BY STACEY SHEPARD, Californian staff writer e-mail: [email protected] | Tuesday, Nov 27 2007 9:55 PM Last Updated: Tuesday, Nov 27 2007 10:00 PM Shell Oil has restarted a system to clean up pollution beneath the Rosedale Highway refinery that environmental regulators say was shut down more than […]

The Scotsman: Shell’s North Cormorant rig hit by ‘small fire’

FRANK URQUHART   A “VERY small” fire broke out on Shell’s North Cormorant rig north-east of the Shetland islands early yesterday. The blaze came just three days after a major fire on Lundin Petroleum’s Thistle Alpha installation. The Shell fire was contained within a turbine hood on a water injection pump on the oil giant’s […]

ABERDEEN PRESS & JOURNAL: HSE CHIEFS FACE QUIZ OVER PLATFORMS’ FIRE SAFETY SYSTEMS

08:50 – 28 November 2007 Health and safety bosses will be challenged in the Commons today over the state of offshore fire safety systems following two fires within three days. The second fire, which broke out early yesterday on Shell’s North Cormorant platform, 109 miles north-east of Shetland, was contained quickly by the fire protection […]

Kremlin, Inc: Shell backs out from investing in Ukraine via Regal

  By Hans Stege About 24 hours after announcing a preliminary deal worth $410 million with UK-based oil firm Regal Petroleum, Shell pulled out of the agreement citing Regal’s surprise management shift. David Greer, the former head of Shell’s Sakhalin-II project, was tapped to replace Regal’s chief executive and chairman, both of whom resigned after […]

The Guardian: Boom fuels new Saudi spending spree

  Terry Macalister Annual revenues of $165bn are funding six new cities to create jobs – but can it last?   Terry Macalister Wednesday November 28 2007 As the tiny ball of burning crimson drops behind the sand dunes it leaves a dark, almost silent landscape worthy of its name: Rub’ al-Khali, the Empty Quarter. […]