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Posts on ‘April 10th, 2008’

New York’s Paterson Rejects Shell Broadwater Long Island Gas Terminal (Update2)

Bloomberg: New York’s Paterson Rejects Long Island Gas Terminal (Update2) By Daniel Whitten April 10 (Bloomberg) — New York Governor David Paterson rejected a plan by TransCanada Corp. and Royal Dutch Shell Plc to build a liquefied-natural-gas terminal in Long Island Sound. The project shouldn’t go forward because of the environmental damage it would cause, [...]

Shocked, Shocked: Biofuels Are Bad, Saudis Say

THE WALL STREET JOURNAL: Shocked, Shocked: Biofuels Are Bad, Saudis Say Posted by Keith Johnson April 10, 2008, 3:13 pm Here’s a dog-bites-man moment: The Saudi Arabian oil minister says biofuels are a bad idea. Speaking at an oil-industry conference in Paris, Ali al-Naimi joined the steadily growing anti-biofuel chorus. Reuters reports: “Let’s be realistic, [...]

UK “unlawfully” scrapped BAE probe

Financial Times: UK “unlawfully” scrapped BAE probe By Michael Peel, Megan Murphy, George Parker and Sylvia Pfeifer Published: April 10 2008 11:13 | Last updated: April 10 2008 21:24 Ministers on Thursday night vowed to drive through unprecedented statutory powers to shut down investigations on national security grounds, just hours after the High Court said [...]

Beijing signs two big LNG deals with Qatar

Financial Times: Beijing signs two big LNG deals with Qatar By Carola Hoyos in London and Richard McGregor in Beijing Published: April 11 2008 03:00 | Last updated: April 11 2008 03:00 China yesterday signed two multibillion-dollar long-term deals to buy liquefied natural gas from Qatar, marking a milestone in Asia’s evolution as the hottest [...]

Shell Broadwater Energy Gas Plant in L.I. Sound Is Rejected

THE NEW YORK TIMES: Gas Plant in L.I. Sound Is Rejected By ANTHONY DePALMA Published: April 11, 2008 In his first major policy decision on the environment, Gov. David A. Paterson on Thursday blocked the nation’s first floating liquefied natural gas plant, which had been proposed for Long Island Sound. Moving ahead on the $700 [...]

Ministers under pressure to reopen BAE corruption probe

Prince Bandar, named in the judgment as the man behind what it characterised as an attempt to pervert the course of justice. Photograph: Martin Argles/Guardian The Guardian: Ministers under pressure to reopen BAE corruption probe Related article: Halt to BAE corruption probe ‘unlawful’: BAE supplied Tornados to the Saudis and they transferred oil to Shell [...]

BP and its bosses sued over alleged bribery of officials

Lord Browne and Tony Hayward Daily Telegraph: BP and its bosses sued over alleged bribery of officials By James Quinn Last Updated: 12:31am BST 11/04/2008 Hayward and Browne named in action that claims millions of dollars were handed out in return for licences. James Quinn reports British oil giant BP, Tony Hayward and Lord Browne [...]

Irate community chases out Shell officials

Vanguard (Nigeria): Irate community chases out Shell officials   Written by Emma Arubi     Friday, 11 April 2008  OFFICIALS of Shell Petroleum Development Company, SPDC-West, were yesterday at Uzere, Isoko South Council of Delta state chased out of the community by the entire people for unfulfilled promises even as they gave the oil giant a 21-days ultimatum [...]

China’s CNPC, Qatar Petroleum, Shell sign 25-yr LNG supply deal

Forbes.com: China’s CNPC, Qatar Petroleum, Shell sign 25-yr LNG supply deal Thomson Financial News 04.10.08, 11:52 PM ET BEIJING (XFN-ASIA) – China National Petroleum Corp (CNPC), the parent of PetroChina, said it has signed an agreement with Qatar Petroleum and Royal Dutch Shell for a 25-year LNG supply deal. CNPC will purchase 3 mln tons [...]

Shell says many issues to solve on Nigeria funding

Reuters: Shell says many issues to solve on Nigeria funding Thu Apr 10, 2008 9:42am EDT LONDON, April 10 (Reuters) – Royal Dutch Shell Plc (RDSa.L: Quote, Profile, Research) and Nigeria are making progress on resolving funding problems involving oil and gas joint ventures with the state oil company, but many problems remain, the oil [...]

Halt to BAE corruption probe ‘unlawful’: BAE supplied Tornados to the Saudis and they transferred oil to Shell and BP

The Times: Margaret Thatcher “ordered bugging of prince” April 11, 2008 David Robertson, Business Correspondent Margaret Thatcher is said to have been so concerned that Britain would lose the al-Yamamah arms deal to the French that she had MI5 bug the Saudi prince with whom she was negotiating. The al-Yamamah (dove of peace) deal is [...]

Comment received from a Union Bank of Switzerland insider about the ‘Americanization’ of UBS (Shell CFO Peter Voser is a director of UBS)

April 10th, 2008 06:47 Commenting as a long-term UBS employee, I can tell you the Americanization was not greeted without strong resistance within the bank. Disappointingly however, the US business units quickly gained an unassailable level of political power thanks to the massive, but risky profits they were able to make. Anyone who stood in [...]

STATEMENT BY ROYAL DUTCH SHELL PLC: PetroChina, Qatargas and Shell sign first long-term Qatar – China LNG deal

10 Apr 2008 Qatargas, Shell and PetroChina today signed binding sales and purchase agreements that will lead to the long-term supply of liquefied natural gas (LNG) originating from The State of Qatar to the rapidly growing Chinese market.  The agreements were signed in Beijing by His Excellency Abdullah bin Hamad Al-Attiyah, Deputy Prime Minister and [...]

Shell, Total eye Mexico oil law changes keenly

Reuters: Shell, Total eye Mexico oil law changes keenly Thu Apr 10, 2008 7:38am EDT By Tom Bergin and Marie Maitre LONDON, April 10 (Reuters) – European oil majors Royal Dutch Shell Plc (RDSa.L: Quote, Profile, Research) and Total SA (TOTF.PA: Quote, Profile, Research) said they were keenly watching proposed legal changes in Mexico that [...]

IMF warns of global recession

Daily Telegraph: IMF warns of global recession There is now a one-in-four chance of a global recession, the International Monetary Fund has warned, as it slashed its expectations for economic growth across the Western world. By Edmund Conway in Washington Last Updated: 1:22am BST 10/04/2008    The IMF confirmed that Britain faces growth of 1.6pc [...]