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Posts on ‘February 6th, 2008’

Financial Times: GM invites green critics to join online debate

By Bernard Simon in Toronto Published: February 7 2008 02:00 | Last updated: February 7 2008 02:00 An assault by environmental activists on General Motors’ 100th-anniversary website has turned into a pioneering online chat between the carmaker and its critics. Brent Dewar, GM’s vice-president for North American field sales and service, spent an hour yesterday [...]

Financial Times: Siberia oil field helps Sibir lift output by 80%

By Toby Shelley Published: February 7 2008 02:00 | Last updated: February 7 2008 02:00 Sibir Energy increased oil production in 2007 by 80 per cent as output increased at the Salym field in western Siberia where it partners Royal Dutch Shell. The group said production rose to 48,900 barrels a day, with a year-end [...]

The Guardian: Letters: Oil and blood in Iraq

Thursday February 7, 2008 Your report that “BP has been holding meetings with Iraqi oil officials as it speeds up plans to re-enter” the country (Report, February 5) is disturbing. Both Shell and BP – with British government assistance – have been pushing the Iraqi government to pass legislation that would allow foreign oil companies [...]

The Times: China’s hunger for resources has banished any fears of rejection

February 7, 2008 Jane Macartney: Analysis China has the money and the motivation to mount a bid for Rio Tinto, but actually doing so would mark a U-turn in the recent “going out” strategy of the country’s state-owned companies. China remains deeply scarred by two rebuffs, both in 2005, in its quest to secure energy [...]

The Times: Need to know: February 7, 2008

Thursday February 7, 2008 Royal Dutch Shell, the Anglo-Dutch oil group, and Repsol, the Spanish energy company, have both registered to compete for contracts to develop Iraq’s oil reserves, the world’s third largest. Gazprom, the Russian gas exports monopoly, shipped 5 per cent less gas to Europe in 2007 as consumption fell because of the [...]

REUTERS: Shell bids over $100 mln for one Arctic oil block

Wed Feb 6, 2008 4:42pm ANCHORAGE, Feb 6 (Reuters) – Oil major Royal Dutch Shell Plc (RDSa.L: Quote, Profile, Research) bid $105.3 million for a single exploration block in the U.S. government’s sale of drilling rights in federal waters of the Chukchi Sea off Alaska’s northwestern coast, the Minerals Management Service said. The bid is [...]

REUTERS: UPDATE 2-Shell, Repsol register for Iraqi oil deals-sources

Wed Feb 6, 2008 11:57am EST (Adds Repsol comment para 5) By Simon Webb DUBAI, Feb 6 (Reuters) – Oil major Royal Dutch Shell (RDSa.L: Quote, Profile, Research) and Spanish energy company Repsol YPF (REP.MC: Quote, Profile, Research) have both registered to compete for contracts to develop Iraq’s huge oil reserves, company sources said on [...]

REUTERS: Force majeure declared on Nigeria’s Bonny oil-trade

Wed Feb 6, 2008 11:59am LONDON, Feb 6 (Reuters) – Royal Dutch Shell (RDSa.L: Quote, Profile, Research) has declared a force majeure on shipments of its Bonny Light crude oil in Nigeria, trade sources said on Wednesday. Sources said they were not sure why Shell declared the force majeure on the 400,000 barrel per day [...]

CNNMoney.com: Shell says Nigerian govt wants to cancel oil exploration incentives

February 06, 2008: 11:46 AM EST LONDON, Feb. 6, 2008 (Thomson Financial delivered by Newstex) — The Nigerian government is looking at withdrawing an incentive scheme for oil exploration projects in the country, said a spokesman at the Anglo-Dutch oil group Royal Dutch Shell PLC. (NYSE:RDS A) ‘We got a letter from the government informing [...]

newsday.com: Taking Broadwater’s LI gas barge plan to the public

BY TOM INCANTALUPO | tom.incantalupo@newsday.com February 6, 2008 Broadwater Energy and its parent, Shell Oil, are cranking up an advertising and public relations campaign to win more support for their controversial Long Island Sound liquefied natural gas barge proposal in the final days before Gov. Eliot Spitzer’s administration is to either approve it or reject [...]

Greenpeace.org: Make cars greener says ex-Shell boss

Posted by jamie on 6 February 2008. As one fossil fuel giant sidelines its alternative energy projects and invests in even more damaging technologies such as tar sands, the former head of another multinational has made some startling demands vis a vis car efficiency. To all intents and purposes, Sir Mark Moody-Smith – ex-chairmen of [...]

News12.com: Broadwater donation seen as publicity tactic

(02/05/08) DEER PARK – The heads of Shell Oil Company and Broadwater Energy have presented a $150,000 check to United Way of Long Island, but many are questioning the sincerity of the gift. The money is slated to go toward ?Project Warmth,? a program to help struggling Long Island residents heat their homes over the [...]

By former Shell executive Paddy Briggs: ‘Thrusting mediocrity rises to the surface in almost every sphere’

This is a quote from Tariq Ali who was writing about characters in Anthony Powell’s “Dance to the Music of Time” – but it struck me immediately as being very true of Shell today. When I left Shell after 37 years back in 2002 there were a number of colleagues much younger than me who [...]

THE WALL STREET JOURNAL: BP Plans Job Cuts as Net Rises

Oil Titan to Slash Work Force Amid Drop In Refining Margins By BENOÎT FAUÇON and GUY CHAZAN February 6, 2008 LONDON — BP PLC posted a 53% rise in fourth-quarter net profit but unveiled cost cuts and a fattened dividend in preparation for what could be a tough ride ahead for major oil companies. The [...]

Financial Times: BP raises dividend on robust reserves

By Ed Crooks in London Published: February 6 2008 02:00 | Last updated: February 6 2008 02:00 BP, Europe’s second biggest oil company, has raised its quarterly dividend by 31 per cent to reflect “the company’s increasingly robust view of the future”, in spite of fourth-quarter profits well below analysts’ expectations. The company announced that [...]