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Posts from ‘June, 2009’

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.

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Nigerian rebels say they attacked Shell pipeline

Reuters

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 Niger Delta (MEND) said in a statement sent by email.

“Cawthorne Channel 1, 2 and 3 flow stations feeding the Bonny export terminal have been effectively put out of service.” No independent confirmation of MEND’s statement was immediately available.

(Reporting by Randy Fabi)

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.

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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…

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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.

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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.

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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 in Canada. Vermilion will pay an initial $100m, with the rest being made when the first commercial gas is produced at Corrib. Vermilion says it expects first gas by the end of 2011.

Shell holds a 45% interest in the Corrib project, while Statoil Hydro has 36.5%. An Bord Pleanála is due to finish its oral hearing this week into Shell’s application for a modified onshore pipeline route to bring the gas ashore.

Last year, Marathon sold another Irish subsidiary for $180m (€125m) to Star Energy, which is owned by Petronas, Malaysia’s national oil company. Its assets included a 100% operated interest in the Kinsale Head Area comprising Kinsale Head, South West Kinsale and the Ballycotton gas fields, as well as an 86.5% interest in the Seven Heads gas field which is tied back to Kinsale.

© RTÉ 2009

RTÉ ARTICLE

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.

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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.

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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.

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