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Posts from ‘April, 2009’

Shell’s Plan to Lead in Storage of Carbon Dioxide Hits a Snag

Royal Dutch Shell PLC’s push to become a world leader in the technology to capture and store carbon dioxide has hit a snag in the Netherlands, where locals are trying to block the company’s plan to bury CO2 under their town.

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BP & Exxon ignore pleas to help worlds most endangered whales

“On the one hand, we have Shell and Gazprom at least looking at their plans to see if impacts on whales can be reduced and on the other hand we have BP, Exxon and Rosneft not even telling scientists what their plans are.”

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Barendrechters Stand Up to Shell Plan to Bury CO2 Under Town

April 20 (Bloomberg) — The Dutch town of Barendrecht has a message for Royal Dutch Shell Plc: Not under my backyard.

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How to take safe but satisfying revenge on the boss

There is nothing more enjoyable than seeing bosses fall not on their own swords but on their own words. David Greer, a Shell executive, gave a lot of pleasure to a lot of people with his leaked e-mail that ordered his underlings to “lead me, follow me or get out of my way”.

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Solar power companies in plea to maintain green jobs

Several major energy companies, including Shell, BP and Centrica, have said they will axe or reconsider investment in “low carbon” energy such as wind and solar power and carbon capture for coal-fired power stations.

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Heaven and Hell: Testing a Chinese proverb

The company looks very highly geared to the oil price. About a third of its oil and gas resources are buried in tar sands in western Canada. Extraction is not only an unpleasant business — it turns virgin land into a sea of sludge — but very expensive. Shell reportedly needs an oil price of at least $38 a barrel to break even here, so every little uptick in the oil price is crucially important.

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Iraq parliament promises to push Shell out of gas deal

Expectations that foreign companies will cash in on Iraqi oil riches were called into question last night after a key parliamentary body in Baghdad pledged to “push Shell out” and halt a forthcoming licensing round.

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BP shareholders revolt against director bonuses

BP shareholders registered a protest over bonus payments at the annual shareholders’ meeting yesterday, with almost 38pc of votes cast against the oil group’s remuneration package. However, the motion was still approved.

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North Sea Protection: U.K. Oil Industry Seeks Aid

New discoveries are miniscule compared to the big finds of its heyday and are harder to develop. Some of the world’s biggest oil companies, such as BP PLC and Royal Dutch Shell, have reduced their exposure to the North Sea and have shifted their focus to places like Canada and offshore Angola.

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Cnooc invites bids from foreigners on drilling blocks

Chinese oil giants are also increasingly looking to foreign ventures. Royal Dutch Shell PLC said this week that it is in talks with Chinese oil companies about jointly bidding for an Iraqi oil field.

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