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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 The flow of Russian gas through Ukraine may be disrupted at any time, the International Energy Agency (IEA) said yesterday, as it warned about the impact of weak demand and falling prices on the global gas market. Weak prices will undermine future investments, the IEA […]

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 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 on Nigeria’s energy infrastructure by militants. The IEA, the oil consuming […]

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.