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Posts from ‘June, 2009’

Nigerian Rebels Drive Up Oil Prices

A small group of insurgents in Nigeria’s oil-rich Niger Delta helped drive up oil prices around the world yesterday by announcing a strike against one of Royal Dutch Shell’s two main export terminals in the West African nation.

Amnesty attacks oil industry for decades of damage in Niger Delta

Royal Dutch Shell is singled out by Amnesty as the most powerful operator in the region. The report will make uncomfortable reading for the energy group’s new chief executive, Peter Voser, who starts work tomorrow.

Shell and its private army’s link with child abducting Nile rebels

First Bolivia, now Sudan… yet another controversial connection emerges for the Corrib gas security firm whose guards patrol the bays of Mayo

Fears grow that Russia will turn off gas supply through Ukraine ‘at any time’

The Times June 30, 2009 Carl Mortished, World Business Editor read more

Shell’s Climate Crimes Exposed

FOR IMMEDIATE RELEASE June 29, 2009 12:14 PM CONTACT: Friends of The Earth Nick Berning, 202-222-0748 New report from environmental groups exposes Shell’s anti-climate lobbying activities WASHINGTON – June 29 – Friends of the Earth and Oil Change International released a report today detailing oil giant Shell’s colossal contribution to global climate change and its […]

Shell Is On Track To Become Most CO2-Intensive Oil Co -Study

LONDON (Dow Jones)–Royal Dutch Shell PLC (RDSB.LN) is on track to become the most carbon intensive international oil company because of its focus on unconventional oil resources like Canadian tar sands, said a study published by a coalition of environmental groups Monday.

Citigroup predicts Shell production drop

BP Plc, Europe’s second-biggest oil company, may post second-quarter earnings that are “more resilient” than bigger rival Royal Dutch Shell Plc because it’s less affected by weak demand for natural gas in Europe, Citigroup Inc. said.

BP shuts alternative energy HQ

• ‘Beyond Petroleum’ boast in doubt as clean energy boss quits
• Renewables budget will be reduced by up to £550m this year

Nigeria attacks overshadow bearish IEA report

FINANCIAL TIMES By Miles Johnson Published: June 29 2009 11:37 | Last updated: June 29 2009 11:37 // 0){if (nl.getElementsByTagName(“p”).length>= paraNum){nl.insertBefore(tb,nl.getElementsByTagName(“p”)[paraNum]);}else {if (nl.getElementsByTagName(“p”).length == 3){nl.insertBefore(tb,nl.getElementsByTagName(“p”)[2]);}else {nl.insertBefore(tb,nl.getElementsByTagName(“p”)[0]);}}}} // ]]> Oil prices rose on Monday as the market shrugged off a bearish report from the International Energy Agency, opting instead to focus on news of further attacks […]

Oil Little Changed as IEA Cuts Forecast, Nigeria Rebels Attack

The Movement for the Emancipation of the Niger Delta rebel group said they attacked Shell’s Forcados offshore oil facility at 3:30 a.m. local time today.

Putin calls in Shell for huge gas deal

Oil giant Shell has pulled off a massive coup in Russia after Prime Minister Vladimir Putin yesterday asked the Anglo-Dutch energy company to help develop two huge gas projects on Sakhalin Island in the Russian Pacific.

Shell Faces Even More Revamping

When Jeroen van der Veer took the helm of Royal Dutch Shell five years ago, the company was mired in an accounting scandal involving its reporting of oil and gas reserves, a flap that nearly ended its century-long independence. Mr. van der Veer revamped Shell’s notoriously complex corporate structure, merged its fractious English and Dutch entities, and eventually restored trust with governments, regulators and investors.

Shell Welcomes Putin’s Sakhalin Offer

Prime Minister Vladimir Putin offered Royal Dutch Shell a role in the Sakhalin-3 and Sakhalin-4 natural gas projects on Saturday, just 2 1/2 years after Europe’s biggest oil producer was forced to cede control of Sakhalin-2 to Gazprom.

Putin welcomes Shell to offshore projects

Vladimir Putin, Russian prime minister, threw down the welcome mat to Shell, telling the Anglo-Dutch major it could participate in new offshore oil and gas projects and help Russia build LNG tankers to help globalise its gas trade.

Russia invites Shell back to Sakhalin as finances plummet

In a surprise move, Russian prime minister Vladimir Putin invited Royal Dutch Shell to help develop two new oil and gas fields on Sakhalin Island, just three years after the government forced the company to cede majority control in the Sakhalin 2 project to state-controlled group Gazprom.

Three arrested over Shell protest

The Solitaire, which is being protected by two Irish Navy vessels, is to begin laying the offshore pipeline that will connect the landfall installation at Glengad with the gas field 83km away.

Shell’s Nigerian Settlement

THE NEW YORK TIMES LETTERS TO THE EDITOR Published: June 28, 2009 In the editorial “Ending a Shell Game” (June 24) you argue that Shell’s out-of-court settlement with Nigerian plaintiffs in Manhattan earlier this month saved “costly embarrassment” and the public airing of evidence of collusion and human rights abuses by the company in Nigeria. […]

Only six fishermen out of 50 refused Shell compensation

Despite claims by the protest group Shell to Sea, local sources say there is very little opposition among the people living in the Erris area to the €2bn operation that has brought 2,000 jobs to the area and will provide a major energy supply to the country in the coming decades.

Fishermen claim tricks in pipeline fight

At Glengad in north Mayo yesterday, tourists must have thought they had strayed on to the set of a James Bond film. There were cameras, a helicopter, a mysterious ship and getaway boats. Several 4X4s and unmarked buses filled with police were on the land.

Nigerian Militants Reject Amnesty, Say Key Issues Not Addressed

June 27 (Bloomberg) — The Movement for the Emancipation of the Niger Delta, the main armed group in Nigeria’s oil region, said it rejected a government amnesty offer because it failed to address key issue

Russia to Cooperate With Shell on Sakhalin 3 and 4

June 27 (Bloomberg) — Russia is prepared to cooperate with Royal Dutch Shell Plc, Europe’s largest oil producer, on oil and gas projects in the Russian Far East known as Sakhalin-3 and Sakhalin-4, Russian Prime Minister Vladimir Putin said.

Putin invites Shell to join Sakhalin 3, 4 projects

MOSCOW, June 27 (Reuters) – Russian Prime Minister Vladimir Putin has invited Royal Dutch Shell (RDSa.L) to participate in Sakhalin-3 and Sakhalin-4 natural gas projects at a meeting with Chief Executive Jeroen van der Veer on Saturday.

PM Putin to discuss Shell’s Russia expansion with CEO

REUTERS Fri Jun 26, 2009 8:03am ED MOSCOW, June 26 (Reuters) – Russia’s Prime Minister Vladimir Putin will meet Royal Dutch Shell’s (RDSa.L) CEO Jeroen van der Veer on Saturday to discuss possibilities for the company’s expansion in Russia, Putin’s spokesman said on Friday. “They will talk through the perspectives of the company’s activity’s expansion […]

Nigerian Militants Say They Attacked Shell After Amnesty Offer

June 26 (Bloomberg) — The Movement for the Emancipation of the Niger Delta, the main militant group in Nigeria’s southern oil region, said it attacked an oil facility run by Royal Dutch Shell, hours after an offer of an amnesty by President Umaru Yar’Adua.

Modest CEO who “healed” oil major Shell

The low-key Dutchman was seen as a safe pair of hands after the brash and aggressive Watts, whose penchant for deliberately hard-to-achieve stretch targets was partly blamed for the reserves scandal, and the next big scandal to rock the company — delays and cost overruns on big projects.

Shell fleet arrives in Broadhaven Bay ready for action

Irish Navy vessels, as many as 300 Garda officers and private security guards have been drafted into Glengad, in north Mayo, ahead of the arrival today of the Solitaire, the world’s largest pipe-laying ship. Photo: Julien Behal/PA Irish Times: Shell ship arrives in Mayo A massive security operation is under way today in Co Mayo […]

Gazprom’s $2.5bn gas deal with Nigeria raises European concerns

Gazprom’s action to secure a foothold in Nigeria, where western groups have led the development of the oil industry for half a century, has given rise to concerns in Europe that Moscow is seeking to gain control of Nigerian reserves to tighten its grip on the European Union’s gas supplies.

Tight security as Shell pipe-laying ship nears land

TENSION was high last night near the site of a controversial planned gas pipeline, as a mammoth pipe-laying ship prepared to return. The imminent re-arrival of the Solitaire off Broadhaven Bay in Co Mayo yesterday was accompanied by increased drama.

Supreme Court tells Shell to pay P209M in duties

THE SUPREME Court has quashed Pilipinas Shell Petroleum Corp.’s attempts to stop the Bureau of Customs (BoC) from collecting the corresponding amount for the P209 million worth of allegedly fraudulent tax credit certificates, or TCCs, it used in 1997 and 1998.

Two Shell objectors arrested at sea

TWO FISHERMEN opposed to the laying of the Corrib gas offshore pipeline have been arrested at sea, just hours before the Shell contracted pipelaying ship Solitaire was due to arrive at the site.

Company defends security operations at Corrib gas sites

SHELL EP Ireland yesterday defended the ongoing security operation at its Corrib gas sites in north Mayo on the final day of a Bord Pleanála hearing into the development.

Oil giant Marathon sells interest in Corrib gas field for $400m

US OIL company Marathon is selling its share of the Corrib natural gas field off the west coast to Canadian rival Vermilion in a deal potentially worth $400 million (€285 million).

Nigeria rebels say hit Shell site despite amnesty

REUTERS Fri Jun 26, 2009 1:52am EDT LAGOS, June 26 (Reuters) – Nigeria’s main militant group said on Friday it had blown up a well-head in a Royal Dutch Shell (RDSa.L) oil field in Delta state overnight, hours after President Umaru Yar’Adua announced an amnesty offer for rebels. The Movement for the Emancipation of the […]

Oil Rises a Second Day on Equity Gains, Shell Pipeline Attack

Militants said yesterday they attacked a Royal Dutch Shell Plc pipeline supplying an export terminal in Nigeria, Africa’s largest producer.

Just the man for BP: a boss with no oil in his bones

An industry outsider, a foreigner and an oil novice with a critical eye may be a good thing. Royal Dutch Shell thought as much when it hired Jorma Ollila, the former Nokia boss, to run its boardroom…

Carl-Henric Svanberg is just the man for the job – Scout’s honour

We may at last have a chance of winning Wimbledon but it is a bit of a blow to the national self-esteem that we can’t find a Brit to chair BP.

Shell’s botched attempt to seize its own Internet domain name

By John Donovan Since we have many new American visitors, we thought some might be interested and amused by the story of how Shell management attempted in proceedings launched via The World Intellectual Property Organisation to seize three Shell related domain names including the domain name for this website – This happens to be […]

Oil edges up towards $69 on Nigeria pipeline raids

SINGAPORE (Reuters) – Oil rose toward $69 on Thursday, after Nigeria’s main militant group raided a Royal Dutch Shell pipeline and disrupted a major export terminal, recouping losses caused by hefty builds in U.S. fuel stocks.

BP Taps Ericsson’s Svanberg as Chairman

THE WALL STREET JOURNAL  JUNE 25, 2009, 4:03 A.M. ET By GUY CHAZAN BP PLC said Thursday that it appointed Carl-Henric Svanberg, chief executive of Swedish telecommunications-equipment maker Telefon AB L.M. Ericsson, as its chairman, finally bringing to an end the protracted search for a replacement for current Chairman Peter Sutherland. AFP/Getty Images  Carl-Henric Svanberg The move mirrors […]

BP names Svanberg as chairman

BP said on Thursday that it had appointed Carl-Henric Svanberg, chief executive of Swedish telecoms equipment maker Ericsson, to take the place of Peter Sutherland as chairman of the UK oil major.

Shell asks fishermen to move pots from bay

The Solitaire, described as the world’s largest pipelaying ship, had to abandon attempts to lay an offshore pipe last summer. It is scheduled to complete renewed attempts to lay the pipe from Broadhaven Bay out to the wellhead by the end of August.

Nigerian rebels say they attacked Shell pipeline

Thu Jun 25, 2009 12:50am EDT ABUJA (Reuters) – Nigeria’s main militant group said on Thursday its fighters had attacked a Royal Dutch Shell oil pipeline in Rivers state in the Niger Delta. “(The fighters) struck again today … at the major Shell Bille/Krakama pipeline in Rivers state,” the Movement for the Emancipation of the […]

Vermilion buys Marathon’s stake in Corrib development

CALGARY, ALBERTA: Vermilion Energy Trust will purchase Marathon Oil Corp. subsidiary Marathon International Petroleum Hibernia Ltd. and its 18.5 percent interest in the Corrib natural gas development 83 kilometers (52 miles) offshore Ireland. The transaction is expected to close in the second half of 2009.

Shell, human rights and corporate accountability

The implications of the settlement of damage claims against Shell, based on the allegation that it was complicit in the executions of Ken Saro-Wiwa and the other “Ogoni 9” in 1995, as well as numerous other human rights violations, has been underestimated…

Big oil maintains its focus, mostly, on… oil

And the European majors, BP and Royal Dutch Shell, who made names for themselves in leading the oil majors into renewables, now seem to be backtracking in those areas.

Shell’s gas discovery in Norway: the “huge” find in context

The truth is, the field may be pretty big, but even if the most optimistic estimates are right, it will not come close to the top of the list of the world’s biggest gas fields.

Marathon sells off Corrib stake

RTÉ Business Wednesday, 24 June 2009 15:34 US energy company Marathon Oil has agreed to sell its 18.5% stake in the Corrib gas field off the coast of Mayo in a deal which could be worth up to $400m (€285m). The stake is being bought by Vermilion Energy Trust, an oil and gas company based […]

Nigeria arrests nine gunmen linked to oil attack

PORT HARCOURT, Nigeria, June 23 (Reuters) – Nigerian security forces arrested nine gunmen suspected to be involved in last week’s pipeline attack that forced Agip to halt some oil output in the Niger Delta, the military said on Tuesday.

Showa Shell, Saudi Aramco to form solar power JV

(Reuters) – Japanese oil distributor Showa Shell Sekiyu KK and Saudi Aramco Oil Co plan to jointly set up small-scale solar power facilities in Saudi Arabia next year, the Nikkei business daily reported without citing sources.

Big Oil Ready for Big Gamble in Iraq

Some 120 companies expressed interest in bidding for the contracts at the June 29 and 30 auction, according to the oil ministry. Thirty-five companies qualified to bid, including Exxon Mobil Corp., Royal Dutch Shell PLC, Italy’s Eni SpA, Russia’s Lukoil and China Petroleum & Chemical Corp., or Sinopec. The six oil fields at stake are believed to hold reserves of more than 43 billion barrels. Foreigners won’t get the most prized piece of the action — ownership stakes in the reserves — but will be paid fees for ramping up output.