Posts on ‘May 17th, 2008’

Brunei Shell Petroleum Deputy Managing Director, Awg Hj Zainal Abidin Hj Mohd Ali, who handed over the cheque on behalf of the three companies, remarked, “This contribution is part of our ongoing commitments to support various activities or initiatives driven by the Government of His Majesty the Sultan and Yang Di-Pertuan of Brunei Darussalam.

DUNCAN, Okla. (AP) – Shell Oil Company is considering an appeal of a $66 million verdict against the oil giant this month awarded by a Stephens County jury in a royalties payment case.

OTTAWA -(Dow Jones)- The proposed start date for the C$16.2 billion Mackenzie gas pipeline could be delayed yet again, after a key regulatory review for the troubled project was pushed into next year.

As you may already know, Shell have recently submitted their supposedly ‘new’ pipeline route to An Bord Pleanála under the SIB. The deadline for submissions to An Bord Pleanala is Wednesday 25th June 2008. An Bord Pleanala, The Board, 64 Marlborough St, Dublin 1. Everyone can make submissions!

WASHINGTON (Reuters) – The U.S. government said on Friday it has sold 16.1 million barrels of oil produced on federal land to four energy companies, putting more supply on the market at a time of record high prices.

East China Township, Michigan. St. Clair Channelkeeper, a member organization of Robert F. Kennedy Jr.’s Waterkeeper Alliance, is calling on Michigan residents and communities to demand that Canada subject Shell Canada to the highest level of environmental assessment under Canadian law for the review of its proposed tar sands crude oil refinery on the St. Clair River.

The panel, known as the Permanent People’s Tribunal, accused 24 companies including Royal Dutch Shell PLC, Spanish oil company Repsol YPF and German pharmaceutical and chemical company Bayer AG at a symbolic trial held on the sidelines of a biennial Latin America-European Union summit.

On the campaign trail, Sen. Obama says he isn’t tied to lobbyists, even though he had some in his ranks as of March. At that time, Daniel Shapiro, one of Sen. Obama’s foreign-policy advisers, was registered to lobby for American Petroleum Institute. Broderick Johnson, an informal adviser, was in charge of lobbying for a firm that represents Verizon Communications Inc. and Royal Dutch Shell PLC.

  Financial Times: The Week By Stanley Pignal Published: May 17 2008 03:00 | Last updated: May 17 2008 03:00 & Gas Royal Dutch Shell pulled out of one of Iran’s biggest gas projects, dealing a blow to Tehran’s attempts to expand its energy exports in the face of US and international sanctions. The Anglo-Dutch group, which [...]

Bowing to pressure from Congress, the Energy Department said Friday that it would temporarily suspend a program to fill the nation’s strategic oil stocks. But the move, which some analysts and politicians had hoped would help break the rally in oil prices, failed to sway the market. Crude oil prices hit another record Friday.

Mr. Bush’s request, his second in five months, coupled with rising anti-Saudi sentiment in the Democratic-led Congress, underscored the growing tensions between the countries over oil. The issue is also dominating the domestic agenda in Washington, where the Energy Department said Friday it was suspending shipments of oil to the strategic petroleum reserve.

The price for a barrel of benchmark light, sweet crude for June delivery jumped $2.17 to settle at record close of $126.29 on the New York Mercantile Exchange. Earlier in the session, prices surged to $127.82 a barrel, also a new high. It was the eighth time in the past 10 sessions traders rewrote the record books, and the first time prices topped $127 a barrel.

HOUSTON, May 16 (Reuters) – Shell’s 156,000-barrel-per-day San Francisco Bay-area refinery in Martinez, California, restarted a hydrocracker on Thursday, according to a source familiar with refinery operations.

Unsatisfied with information provided by Shell and consulting firm Jacques Whitford, neighbours are planning a July 10 public meeting. They wants answers to questions about how the refinery would impact health and the environment.

The verdict awards the plaintiffs about $13 million for owed interest payments of about $1 million, plus interest, and $53 million in punitive damages. Calvert said his clients were relying on Shell, then Maynard’s, honesty and integrity.

“When someone gets a statement from an oil company, it is very difficult to discover if something has been concealed or hidden,” he said. “So, there is a certain amount of trust required by the system, and Shell breached that trust.”