Royal Dutch Shell Plc  .com Rotating Header Image

February 20th, 2008:

Financial Times: Demand fuels oil industry confidence

By Sheila McNulty in Houston
Published: February 21 2008

At last week’s annual gathering of global oil industry executives and academics at the Cambridge Energy Research Associates conference in Houston, Texas, climate change and energy security were on the agenda. A US recession was not.

The surge in commodity prices to record levels in recent years has left the leading oil companies flush with cash, which they intend to continue spending.

We are making investments for a long period of time. It doesn’t alter our investment programme,”’ says Jim Mulva, chief executive of ConocoPhillips. Meanwhile, Linda Cook, Royal Dutch Shell’s executive director of gas and power, says Shell would only be affected by a recession if it was so broad that it spilled into the global economy. 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.

InterFax: New Rosprirodnadzor chief plans to dismiss Mitvol – source

Feb 20 2008 3:21PM

MOSCOW. Feb 20 (Interfax) – Top officials at Russian national resource watchdog Rosprirodnadzor are preparing a submission in Natural Resources Minister Yury Trutnev’s name on dismissing the deputy head of Rosprirodnadzor, Oleg Mitvol, a source in the agency told Interfax.

The submission is being prepared for the signature of the new head of Rosprirodnadzor, Vladimir Kirillov. jh

(Our editorial staff can be reached at [email protected])

http://www.interfax.ru/e/B/finances/26.html?id_issue=11973585 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.

Submission to Irish Environmental Protection Agency: 1 May 2007

OH Doc No. 30
Recd From: Aron Baker
Date Recd: 1/5/07

Submission to EPA

Aron Baker

Submission to oral hearing on the granting of IPCC license to Shell

According to the EPA Inspectors Report License application, part 9, Royal Dutch / Shell Group of Companies and SEPIL here after referred to as “Shell”, are a fit and proper person with no relevant convictions.

I have reason to believe that this is not fully accurate.

They have many related convictions, out of court settlements, pending court matters, as well as much well documented and lesser documented accidents, incidents, spills and environmental damage. 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.

Houston Chronicle: Shell to restart Deer Park catalytic cracker next week

Bloomberg News
Feb. 20, 2008, 1:02PM

Shell said a gasoline-making fluid catalytic cracking unit at the company’s Deer Park, refinery is scheduled to resume operation late next week after maintenance.

Dave McKinney, a company spokesman, commented on the refinery in an e-mail today. Shell said Jan. 17 it was shutting the unit, along with a hydrotreater, alkylation unit and three sulfur recovery plants, for repairs.

U.S. gasoline prices have increased as refineries took units out of service for repairs. The average pump price for regular gasoline was $3.053 a gallon yesterday, the highest since Jan. 15, according to AAA, the nation’s largest motoring club. 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.

Reuters: Shell scales back proposed Arctic drilling plan

Wed Feb 20, 2008 12:16pm EST 
By Yereth Rosen

ANCHORAGE, Alaska (Reuters) – Royal Dutch Shell has offered to scale back its oil drilling plans in the Beaufort Sea in order to win the lifting of an injunction against the activity, but the move is unlikely to placate opponents of the plans.

Alaska natives won a court order blocking Shell’s plan to drill in the Beaufort last summer, but the major is hopeful that it can persuade the Alaska native groups that led the legal challenge to drop their opposition. 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.

Seeking Alpha: Big Oil’s Big Problem: Time is Running Out

Posted on: February 20, 2008 | about stocks: DBO / OIL / PBR / PBW / PUW / USO / XOM

By “Echo To All”: Bio & more articles

Big Oil is having a hard time replenishing their reserves and Wall Street is concerned. The concern is obvious, but playing devil’s advocate, does it really matter?

The WSJ’s recent article on Exxon’s (XOM) lack of new reserves states that XOM will run out of oil in a generation. That is about 40 years or so.

The last, and most recent, big oil find is controlled by Petroleo Brasileiro (PBR). Where does this level the reset of the industry… other than crying that Peak Oil has arrived, and the easy life is slowing ending? IMO, Big Oil will be forced to reinvent themselves. They should not be viewed as Oil companies, but instead, they need to view themselves as Energy companies, and attack all aspets of Energy. 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 NEW YORK TIMES: Supply Fears Push Oil to Triple Digits

New York Times Image

Bob Price/Associated Press: Plumes of smoke rise after an explosion at an Alon USA oil refinery in Big Spring, Texas on Monday, Feb. 18, 2008. The violent blast shook buildings miles away and injured at least four people, the mayor said.
 
By CLIFFORD KRAUSS
Published: February 20, 2008

HOUSTON — Crude oil closed above $100 a barrel for the first time Tuesday, vaulting through a longstanding psychological barrier amid persistent concern about whether production can keep up with rising global demand. 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 Calgary Herald: Big Oil struggles to maintain production

Calgary Herald image

Countries like Venezuela, which transports some of its crude on ships such as the Inka, have demanded more cash and control from companies working their oilfields, posing hurdles for energy majors trying to maintain production.
Presidencia, Agence France-Presse, Getty Images

Higher capital spending fails to boost output

Reuters: Published: Wednesday, February 20, 2008

The world’s three largest fully publicly traded oil firms are investing billions of dollars more, but there is little sign yet the extra spending is leading to higher production. 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.

Reuters: Shell’s Pernis labour talks to resume March 4

Wed Feb 20, 2008 9:05am EST

AMSTERDAM, Feb 20 (Reuters) – Negotiations over a labour agreement for workers at Royal Dutch Shell’s (RDSa.L: Quote, Profile, Research) Pernis refinery and Moerdijk plant in the Netherlands are set to resume on March 4, the company said on Wednesday.

The director of the workers’ union, Egbert Schellenberg, said he was fairly confident of achieving an agreement with the oil major at the meeting in March, after previous offers from the company were rejected by the union. 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.

BBC News: Delta rebels want ‘proof of life’

BBC News/ AFP image

The leaders of the militants keep their identities hidden

Wednesday, 20 February 2008, 14:19 GMT 

Militants in the oil rich Niger Delta have demanded the government prove one of their leaders is alive.

Nigerian President Umaru Yar’Adua denied claims Henry Okah died in police custody on Tuesday.

Lawyers, family members and doctors should be allowed to see him, the Movement for the Emancipation of the Niger Delta (Mend) said.

Mr Okah was extradited from Angola last week on gun-running charges, but he has not appeared in court yet. 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.

allAfrica.com: Nigeria: Oil Blocks – FG to Review PSC With Shell, Exxonmobil, Others

This Day (Lagos)
20 February 2008
Chika Amanze-Nwachuku And Fidelia Okwuonu
Abuja

The Federal Government yesterday gave more insight into the planned review of existing joint venture agreements with foreign oil companies, saying only the offshore Provision Sharing Contracts (PSCs) signed in 1993 would be revisited.

However, that of the Agbami oil field, operated by Chevron Nigeria Limited (CNL) will be excluded.
 
Fielding questions from newsmen at the International Conference Centre, Abuja, the venue of the ongoing 8th Nigerian Oil and Gas Conference, the Director of Petroleum Resources, Mr. Tony Chukwueke explained that the PSCs to be reviewed were principally those of offshore blocks signed in 1993, which have provisions in them that authorise the Federal Government to renegotiate them if the oil price exceeded $20 per barrel. 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.

RIA Novosti: Russia environment watchdog chief moves to sack outspoken deputy, Oleg Mitvol

14:06 | 20/ 02/ 2008 

MOSCOW, February 20 (RIA Novosti) – The newly appointed head of Russia’s environment watchdog, Vladimir Kirillov, has proposed firing his deputy Oleg Mitvol, a source in the federal service said.

Mitvol has overseen inspections of a series of leading Russian and foreign mining and hydrocarbon companies, and is known for radical moves such as ordering the demolition of cottages in a water-protection zone near Moscow.

“Head of the Federal Service for the Oversight of Natural Resources Vladimir Kirillov wrote a letter to Natural Resources Minister Yury Trutnev, requesting the dismissal of Oleg Mitvol,” the source said. 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.

allAfrica.com: Nigeria: ‘Shell Has Great Roles in Country’s Development’

Daily Champion (Lagos)
20 February 2008
Lagos

New Managing Director of Shell Petroleum Development Company (SPDC) Nigeria Limited, Mr. Mutiu Sunmonu recently spoke with journalists in Lagos on the company’s challenges in the country.

SOPURUCHI ONWUKA recorded the chat.

Excerpts:

THE journey to the top:
 
One thing I wouldn’t do is tell you how old I am. I will leave you to figure it out on your own.

I started my career in Shell in August 1978, here in Lagos and in Freeman House, after graduating from Unilag in 1977. I had a first class honours in mathematics. So I joined the computing section of the company. And really had quite a good time in Lagos. I was in Lagos till 1987 when I moved to Port Harcourt, spent two half years before going abroad in January 1990. I came back to Port Harcourt again in 1993 and headed the information technology (IT) services. In 1995, I became the IT Manager for the company. 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 Toronto Star: Shell may scale back Arctic drilling impacts

Feb 20, 2008 04:30 AM

Royal Dutch Shell PLC may use a single rig in the Beaufort Sea this year because of opposition from environmental groups to develop Arctic offshore oil fields.

Shell has scaled back an original plan to use two rigs, John Hofmeister, who heads the company’s U.S. unit, said in Anchorage, Alaska. Shell plans to drill exploration wells at the Sivulliq field, he said.

“Just as it is important to develop these resources it is important for us to build a relationship with the communities and stakeholders who have asked us to slow down and take a more measured approach,” Hofmeister said. 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 WALLSTREET JOURNAL: Weakening Demand? Oil Still Passes $100

Wall Street Journal Chart

THE WALLSTREET JOURNAL: Weakening Demand? Oil Still Passes $100

By NEIL KING JR. and ANA CAMPOY
February 20, 2008; Page A3

Crude-oil prices finished slightly above $100 a barrel for the first time yesterday despite signs the world’s petroleum thirst may be subsiding.
 
The latest surge surprised many in the oil patch who have expected prices to head in the other direction as oil stockpiles increase and the U.S. experiences an economic slowdown, softening demand for energy. Higher prices put more pressure on the Organization of Petroleum Exporting Countries to keep supplies steady despite some calls within the cartel to cut output. 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.

RawStory.com: Oil shadows 100 dollars in Asian trade

Published: Wednesday February 20, 2008

World oil prices eased in Asian trade Wednesday but shadowed 100 dollars per barrel after peaking to fresh record levels overnight amid speculation OPEC will cut crude output, dealers said.

In afternoon trade, New York’s main contract, light sweet crude for delivery in March, was down 75 cents to 99.26 dollars per barrel.

The contract soared to an all-time intraday high of 100.10 dollars before closing up 4.51 dollars at a record 100.01 dollars on the New York Mercantile Exchange. 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.
Comment Rules

  • Please show respect to the opinions of others no matter how seemingly far-fetched.
  • Abusive, foul language, and/or divisive comments may be deleted without notice.
  • Each blog member is allowed limited comments, as displayed above the comment box.
  • Comments must be limited to the number of words displayed above the comment box.
  • Please limit one comment after any comment posted per post.