On 25 January 2008, Carl Mortished, World Business Editor of The Times newspaper wrote an article headlined: Shell chief fears oil shortage in seven years in which he described the site as an independent website that monitors the company.
Posts on ‘May 4th, 2008’
LAGOS (Thomson Financial) – Niger Delta militants attacked facilities belonging to Anglo-Dutch oil group Royal Dutch Shell in southern Bayelsa state over the weekend.
Suspected militants have blown up a 30,000bpd Shell flow station in Nigerias oil-rich state of Bayelsa, causing a massive oil spillage and dealing another blow at the countrys crude oil export.
Comment by Christopher Zurcher of Zurcher Communications on Shell’s unexpected withdrawal from the London Array Wind Farm project
Does it take someone with less intelligence to think it would behoove companies like Shell to put some of their resources toward things that would help the planet theyre so greedily set on raping for crude profits?
MOSCOW, May 4 (Reuters) – Russian oil production fell for a fourth month in row in April, confirming pessimistic forecasts for the year…
Unknown assailants attacked an oil installation in restive southern Nigeria and some crude production has been lost, Royal Dutch Shell PLC officials said Saturday.
The southern Niger Delta remains impoverished, despite four decades of oil production in the area.
The Movement for the Emancipation of the Niger Delta (MEND), the main armed group active in the oil region, said that militant attacks against major oil pipelines run by Royal Dutch Shell and Chevron Corp. subsidiaries at about the same time were intended to “welcome” the US vessel.
“Mr President, your warships do not intimidate us. Instead they only embolden our resolve in fighting the Goliaths of the world that support injustice,” MEND spokesman Jomo Gbomo wrote in an open letter to Bush, which was emailed to reporters.
The community, Greene writes, fell victim to decades of environmental racism. Norco’s population was primarily middle-class white families who lived far from the plant. Residents of Diamond, however, were mostly black and more directly exposed to the billowing toxins.
Greene writes that it wasn’t until Shell changed personnel that the plant was cleaned up. Three bold Shell employees risked dismissal when they pestered their bosses about the pollution
In its quest to melt oil out of western Colorado’s shale, Royal Dutch Shell has been buying up land and water rights in anticipation of what is likely to be a thirsty new industry.
In February, Shell paid hundreds of millions of dollars to the US government for licences to extract oil and gas there. Environmentalists say polar bears, declining as ice melts, will be wiped out if oil is drilled. Last year, Arctic ice melted at a faster rate than ever before. Shell said it is complying with all regulations and is taking every step possible to minimise disruption.
Gordon Brown pleaded with BP and Shell last week to spend some of their combined £7bn record first-quarter earnings on pumping more crude out of the sea bed off Britain’s eastern coast. ‘I hope that these profits are going to be invested in getting more oil out of the North Sea,’ he said.
It’s likely his pleas fell on deaf ears. BP has already sold its Forties field – one of the largest in the North Sea. Shell, too, has been selling off its fields there so it can concentrate on bigger, higher-growth projects like its oil-sands projects in Canada.
The Observer: Grease our palms with oil tax , Sunday May 4 2008 If people are so outraged by the huge profits collected by the oil companies, may I suggest a neat solution that also has the attraction of redistributing wealth where it is most needed. Why doesn’t the government penalise our oil majors, BP [...]
Shell’s oil production has been falling for six years, BP’s seems to have peaked 2005, and this week even the mighty Exxon was forced to admit its output dropped 10% in the first quarter of the year.
Even oil giant Shell, which last week reported record first-quarter profits of $7.8 billion (£3.9billion) admitted that it did not know why prices had shot up to their current levels, because there was no real shortage of supply.
SOME of the biggest names in British business have told Gordon Brown and Alistair Darling that Britain risks a corporate exodus if Treasury tax proposals on foreign earnings go ahead.
The delegation included… Shell chief executive Jeroen van der Veer and BP chairman Peter Sutherland.