Posts on ‘March 7th, 2008’

ED FOSS 07 March 2008 18:58 Swifter communication with villagers in the event of any incident and more information about the day-to-day goings on at Bacton gas terminal are the key to improving relations between gas operators and their close neighbours. That was the message delivered by Bacton Parish Council chairman David Gale during a [...]

London, 6 March: The consortium behind the much-criticised Sakhalin II oil and gas project in Russia has withdrawn applications for support from the US and UK export credit agencies, citing their drawn-out and uncertain timetable for decision making. However, environmental groups claimed Monday’s decision to cancel applications to the UK’s Export Credit Guarantee Department (ECGD) [...]

7 March 2008 : London West Texas Intermediate (WTI) crude for April delivery surged to over $105/bbl on Thursday as analysts questioned how much longer the rally could continue. WTI had reached an intra-day high of $105.97 and a low of $99.88 during a volatile day on the New York Mercantile Exchange (Nymex), following Wednesday’s [...]

© March 7, 2008 By Farah Stockman, The Boston Globe CAYMAN ISLANDS Kellogg Brown & Root, the nation’s top Iraq war contractor and until last year a subsidiary of Halliburton Corp., has avoided paying hundreds of millions of dollars in federal Medicare and Social Security taxes by hiring workers through shell companies based in this [...]

Thursday, March 6, 2008 – 11:51 AM CST Shell Oil Products US has transferred ownership of 84 branded sites in the Portland, Ore., area to Pacific West Energy LLC. Financial terms of the agreement were not disclosed. Washington-based Pacific West Energy LLC, or PacWest, is a joint venture between Houston-based Shell and Jacksons Food Stores [...]

Pueblo Unido 07.03.2008 12:44 Nottinghamshire Student activists raised issues such as corporate corruption and climate change at a Shell-run event. Shell employees only commented “I do not have an opinion on this subject” when asked how they respond to these polemical matters. A hugely successful disruption/complete domination of the Shell “Recruitment Event” took place last [...]

By Eduard Gismatullin March 7 (Bloomberg) — Royal Dutch Shell Plc, Europe’s largest oil company, said fuel supply in western Canada is “tight” because of lower output from refineries. Shell cut crude processing at its Scotford refinery in Alberta because of reduced supply from a plant used to convert oil sands into crude. The drop [...]

By David Reich-Hale and Michael H. Samuels Friday, March 7, 2008 Shell Oil Co. President John D. Hofmeister went on the offensive this week, saying that if New York officials derail the Broadwater liquified natural gas terminal planned off the coast of Wading River, Long Island residents will continue to be choked by electricity and [...]

By Alison Maitland Published: March 7 2008 02:00 | Last updated: March 7 2008 02:00 Cases such as BP’s safety lapses in the US, the collusion between British Airways and Virgin Atlantic Airways over fuel surcharges and the corruption scandal at Siemens are not only damaging by themselves but feed cynicism about the wider effectiveness [...]

Friday 07 March 2008 “The extraction and drilling of petroleum in Nigeria is the largest industry and main generator of GDP in the West African nation which is also the continent’s most populous. Since the British discovered oil in the Niger Delta in the late 1950s, the oil industry has been marred by political and [...]

By Sylvia Pfeifer in London Published: March 7 2008 02:00 | Last updated: March 7 2008 02:00 Royal Dutch Shell yesterday tried to draw a line under one of the darkest chapters in its corporate history by settling the final class-action claim arising from an oil reserves misreporting scandal in 2004. The Anglo-Dutch oil group [...]

By Sylvia Pfeifer Published: March 7 2008 02:00 | Last updated: March 7 2008 02:00 Royal Dutch Shell has tried to draw a line under one of the darkest chapters in its corporate history by settling the final class action claim arising from an oil reserves misreporting scandal in 2004. The Anglo-Dutch oil major shocked [...]

March 7, 2008 Robin Pagnamenta Royal Dutch Shell has agreed to pay $80 million (£39.8 million) to settle an American class action lawsuit related to a 2004 downgrade of the oil giant’s reserves. Shell said that it had reached an agreement in principle with two pension funds, the Pennsylvania State Employees’ Retirement System and the [...]

By BENOIT FAUCON March 7, 2008 LONDON — Royal Dutch Shell PLC agreed to pay about $118 million to settle claims regarding its energy reserves. It said it reached a deal to settle claims from U.S. shareholders, complementing an agreement last year to pay close to $400 million to settle a Dutch case with European [...]