The unusual move reflects Shell’s reliance on Nigeria, its largest source of oil and gas after the US. In 2007 Nigeria provided more than a 10th of Shell’s global production of about 3.3m barrels of oil equivalent per day.
Posts from ‘February, 2009’
Resource-holders still hold power
Royal Dutch Shell was forced to cede control of the Sakhalin II liquefied natural gas project in 2007 to the state-controlled Gazprom. Shell was stung by Russia’s action, but in an interview on the island this week, its Chief Executive Officer Jeroen van der Veer said the company was willing to discuss more projects with the Russian gas monopoly and possibly with other national firms. “If you look at our history, we have many partnerships with NOCs, not only Gazprom,” he said.
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Shell denies involvement in Ogoni crisis
The statement, which is apparently a reaction to allegation by MOSOP linking the oil giant with sponsorship of crisis in the area, reads in part: “SPDC Joint venture is not in any way involved or connected with the reported crisis in K-Dere or elsewhere in Ogoni land, and is not sponsoring any persons or group in any such conflict.
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Port Harcourt Ranked Most Dangerous City In The World
The metal gates outside Shell’s offices in the city are flanked by two sandbagged positions manned by guards with automatic weapons.
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Sibir shares suspended after loan admission
Sibir has had great success in developing its Salym oil fields in western Siberia, a 50-50 joint venture with Royal Dutch Shell, which came on stream at the end of 2005. Last month, the field celebrated record production, with Sibir’s share running at more than 80,000 barrels per day.
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Dutch pensions to get more time on solvency-report
Royal Dutch Shell’s (RDSa.L) pension fund also slipped into deficit after its value fell 40 percent, pushing its solvency ratio to 85 percent.
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Mayo newspaper says contractors acting for Shell stole electricity
WED 18th Feb 2009
MAYO ECHO
Who’s Been Stealing the Fishermen’s Electricity?
Those good folks at Shell have made great attempts at becoming good neighbours down Belmullet way. Splashing out on local grants to community groups, and scholarships for local students, the intention is to undue [sic] some of the damage that was done to their reputation during the lengthy Rossport 5 dispute, and prepare for the laying of a high-pressure gas pipeline later this year.
Local fishermen in the area weren’t too impressed to leam that someone had illegally tapped into an electricity supply at Ballyglass Pier, north of Belmullet. The electricity had been provided by Board lascaigh Mhara (BIM), the Irish Sea Fisheries Board so that a refrigerated container was on hand for fishing boats to keep their catch cool, until delivery could be organised.
The bill would usually run to €300 per quarter, but management were astounded to get a recent bill for €5,880. Questions were asked, and local fishermen were concerned that the service would be withdrawn given the much-increased cost.
On further investigation at Ballyglass, it was discovered that someone had illegally tapped into the supply, running a cable underground from the ESB meter at the pier. It has since been established that contractors acting on behalf of Shell had connected the cable without permission, and had stolen the electricity for the past nine months.
A BIM representative contacted Shell, who immediately offered to reimburse BIM for the total bill. Red-faced Shell management claimed that they had agreed to cover the cost of all electricity usage on the pier, but they didn’t say whom they had agreed this with. A BIM spokesperson stated that Shell had agreed no such arrangement with them.
The Mayo Echo also understands that a complaint has been lodged with local Gardai, although it isn’t known if Shell will be prosecuted for the theft. BIM confirmed that following a meeting with Shell, the service should remain in place for the foreseeable future, much to the relief of local fishermen. BIM are currently carrying out a safety audit of the electricity supply, to ensure there is no risk to local users of the supply following the illegal connection.
http://www.mayoecho.com/
http://www.mayoecho.com/this%20weeks%20edition/pdfs/MAYO08.pdf (page from current issue)
‘They know what they have to do: launch the life rafts and get out’
In July 2002, a Sikorsky S76 helicopter was ferrying personnel between a platform and a drilling rig, both owned by Shell, when it ditched about 25 miles north-east of Great Yarmouth, killing all 11 on board.
In March 1991, six men were killed when a Sikorsky S61N struck a crane on a Shell oil platform and plunged into the sea 116 miles east of Lerwick in Shetland.
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Business big shot: Frank Chapman
Mr Chapman, 55, looks well placed to see off Shell, his old employer, to win Pure Energy — Arrow Energy, Shell’s Australian partner, is the rival bidder for Pure, a producer of coal seam gas.
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Pure trumps latest offer from Australia’s Arrow Energy and its partner, Royal Dutch Shell.
BG Group: The London-listed oil and gas group saw its A$995 million (£445.7 million) offer for Pure Energy, the Australian coal-seam gas producer, gain board support. The recommendation from Pure trumps the latest offer from Australia’s Arrow Energy and its partner, Royal Dutch Shell.


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