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Posts from ‘April, 2009’

Shell Settles with Texas Environmental Groups

 

NEW YORK – Shell Oil Co. agreed to pay a $5.8 million penalty and cut greenhouse gas emissions at a Gulf Coast refinery as part of a settlement with Texas environmental groups who filed suit against it early last year, The Associated Press reported.

The agreement, which must still be approved by a federal judge, would cut greenhouse gas emissions at Shell’s Deer Park, Texas, refinery and chemical plant by 750,000 pounds a year for the next three years. In addition, monitoring of air quality would be improved, according to the Sierra Club and Environment Texas groups.

Shell said the settlement was consistent with plans to cut emissions at the Deer Park site.

“We strive to operate in compliance with all permits and regulations,” Shell said in a statement. “We are pleased that we have reached an agreement with the citizen groups to resolve the matter, avoid continued litigation and provide benefits in the public interest.”

The Sierra Club and Environment Texas filed suit against Shell early last year.

“This settlement agreement represents a major victory in the fight for clean air on Texas’s Gulf Coast,” said Sierra Club’s Neil Carman. “We urge other oil and chemical companies in the region to take note of Shell’s willingness to work constructively with us.”

The monetary penalty would be used to fund health projects in Texas, the AP reported. 

Related News: 

– Shell Sponsors Texas Beach Cleanup 

– Shell Eco-marathon Goes the Distance 

SOURCE ARTICLE

Energy Development in Iraq Faces Political Obstacles, but Could Prove a Boon for China

The company that’s currently adrift in the choppy waters of Iraq’s political scene is Royal Dutch Shell PLC (RDS.A, RDS.B). Shell signed a $4 billion deal with Iraq’s oil ministery that gave it the rights to process and market natural gas from the country’s southern Basra province.

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Persia to the North Sea, and after

In the 1910s, ExxonMobil’s ancestor Standard Oil of New Jersey was the world’s biggest oil company, with Shell second; that is still the position among the western companies today.

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Shell plans Alaska drilling program despite court ruling

In the Beaufort Sea, Shell would pick alternative prospects to those the company planned to drill in 2007 and 2008, and which are now subject to litigation and an injunction ordered by the U.S. 9th Circuit Court of Appeals in San Francisco.

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Searching for Deeper Pockets

Energy giant Royal Dutch Shell PLC committed to invest more in Redwood City, Calif.-based Codexis Inc., which is developing enzymes that rapidly turn plants into fuel.

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Oil Companies’ Profits Likely to Drop Sharply

On successive days, beginning Tuesday, BP PLC, Royal Dutch Shell PLC, Exxon Mobil Corp. and Chevron Corp. will report results for what is expected to be the worst quarter for these profit machines in many years

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Shell, BP Earnings May Drop Most in Five Years on Oil Price

April 27 (Bloomberg) — Royal Dutch Shell Plc and BP Plc, Europe’s largest oil companies, may post the biggest drop in quarterly earnings in at least five years after the recession dragged down crude prices.

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MICHAEL DWYER’S SECURITY CONTACTS: International armed and unarmed security provided by Shell agent in Ireland

IRM has also been involved in the security for Shell’s operations in Mayo and has provoked a rash of complaints from Shell-to-Sea protesters and locals for alleged non-compliance with regulations of the Private Security Authority (PSA).

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Corrib link to Irish man’s death

MICHAEL DWYER, the Tipperary man shot dead in Bolivia, worked in security on the Shell Corrib project with a Hungarian associate of the main target of the Bolivian police attack.

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Revealed: bosses’ huge pension pots: Jeroen van der Veer to receive £1,189,285 per year

Two directors have already amassed pension funds which will pay them more than £1m a year on retirement. Jeroen van der Veer, chief executive of oil giant Royal Dutch Shell, has accrued a nest egg worth almost £1.2m;

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