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Posts from ‘June, 2009’

Shell pollution at Deer Park Refinery

Despite Shell’s state permits, the environmental groups found more than 1,000 occasions from 2003-06 when emissions exceeded hourly limits, which are meant to protect the public from acute, short-term harm. On three dates, records showed, Shell emitted more toxic compounds in a single day than its permits allowed in an entire year

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Showa Shell, Saudi Aramco to start solar power project

Reuters

Tue Jun 23, 2009 9:10pm EDT

June 24 (Reuters) – Japanese oil distributor Showa Shell Sekiyu KK (5002.T) said on Wednesday it and Saudi Aramco Oil Co had agreed to start a feasibility study on solar power business in Saudi Arabia. Showa Shell, Japan’s fifth-biggest oil refiner, is investing in thin-film solar cells in a search for new revenue streams. (Reporting by Taiga Uranaka)

© Thomson Reuters 2009 All rights reserved

REUTERS ARTICLE

Showa Shell Rises to Nine-Month High on Solar Project

June 24 (Bloomberg) — Showa Shell Sekiyu KK, a Japanese refiner and solar-equipment maker, rose to the highest in nine months after saying it will build solar plants in Saudi Arabia to expand its alternative energy business.

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Russia: Oil Exploration Law May Need Revisions

Royal Dutch Shell executives publicly complained about the rule earlier this year. The company’s director for exploration and production, Malcolm Brinded, said in February that foreign investors wanted more confidence about accessing the oil and gas riches they discover.

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Shell checks Nigeria oil ops after attack reports

Reuters Africa

Tue Jun 23, 2009 11:19am GMT  

  

LAGOS (Reuters) – Royal Dutch Shell said on Tuesday it was still checking its oil operations in the Niger Delta after militants said they had launched three attacks against its facilities at the weekend.

The Movement for the Emancipation of the Niger Delta (MEND) said on Sunday it had attacked Shell pipelines at Adamakiri and Kula, both in Rivers state in the eastern Niger Delta.

It said it had also attacked the Afremo offshore oilfields, which it believed were operated by Shell, and which it said were 14 miles from an export terminal through which crude oil from Shell’s Forcados fields is pumped.

“The checks are still ongoing. We’re looking at locations where we have reports of attacks,” a Shell spokesman said.

Shell engineers have been flying over the areas to assess any impact on output or the extent of any environmental damage from potential spillage.

Persistent attacks by MEND over the past three years have cut oil output in the OPEC member, the world’s eighth biggest crude oil exporter, to less than two thirds of its installed capacity of 3 million barrels per day (bpd).

Industry and security experts say it is virtually impossible to prevent opportunistic attacks on hundreds of kilometres of pipeline and equipment in the remote mangrove creeks of the Niger Delta, one of the world’s biggest wetlands.

The latest campaign by MEND, which began a month ago, followed the military’s biggest offensive against armed gangs in the Niger Delta for at least a decade. © Thomson Reuters 2009 All rights reserved

Iraqi minister under pressure over oil contracts

Shell is bidding for the Kirkuk field in the north and the Akkas gasfield close to the border with Syria.

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UPDATE: Leaked Shell E-mail Shows 62 Senior Executive Appointments

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Monday June 22nd, 2009 / 17h48 

(Adds detail, background.) LONDON -(Dow Jones)- An internal e-mail from Royal Dutch Shell PLC (RDSB.LN) leaked to a blog critical of the company has revealed the appointments of 62 senior executives to new roles within the restructured company.   

The e-mail dated June 16, sent by incoming Chief Executive Peter Voser, was published Saturday on the blog royaldutchshellplc.com. A Shell spokesman said the company does not comment on purported leaks. 

Effective July 1, Ceri Powell, former Executive Vice President, or EVP, for Strategy becomes EVP for Exploration for the company’s international operations, the e-mail said. Dave Lawrence, former EVP for global exploration moves to head up exploration in the new Shell Americas division. 

Ian Craig, the former head of the Sakhalin-2 liquefied natural gas project in Russia becomes EVP for Sub-Saharan Africa and will oversee the company’s troubled Nigerian operations, the e-mail said. Former Africa chief, Ann Pickard, becomes EVP Australia. 

Charles Watson, former EVP of Shell Energy Europe, will head the company’s Russian and Caspian upstream operations. 

All the above executives will report to the global head of Exploration and Production, Malcolm Brinded. 

Shell’s downsized Alternative Energy division, which will eschew new investments in wind and solar in favor of second generation biofuels, falls under the remit of EVP for Strategy and Portfolio Mark Gainsborough, the e-mail said. 

Voser, who will take up the position of chief executive on July 1, is implementing a major restructuring to make the company faster moving and more efficient. The biggest change in the shakeup was the elimination of the Gas and Power division – operations were split between the new upstream and downstream divisions. 

The former head of Gas and Power, Linda Cook, resigned from Shell shortly before the restructuring announcement. 

Blog Web site: http://tinyurl.com/lsjxwm 

-By James Herron, Dow Jones Newswires; +44 (0)20 7842 9317; james.herron@dowjones.com 

 

Leaked Shell E-mail Reveals 62 Senior Executive Appointments

THE WALL STREET JOURNAL

JUNE 22, 2009, 11:26 A.M. ET

LONDON (Dow Jones)–An internal e-mail from Royal Dutch Shell PLC (RDSB.LN) leaked to a blog critical of the company has revealed the appointments of 62 senior executives to new roles within the restructured company.

The e-mail dated June 16, sent by incoming Chief Executive Peter Voser, was published Saturday on the blog royaldutchshellplc.com. A Shell spokesman said the company does not comment on purported leaks.

Effective July 1, Ceri Powell, former Executive Vice President, or EVP, for Strategy becomes EVP for Exploration for the company’s international operations, the e-mail said. Dave Lawrence, former EVP for global exploration moves to head up exploration in the new Shell Americas division.

Ian Craig, the former head of the Sakhalin-2 liquefied natural gas project in Russia becomes EVP for Sub-Saharan Africa and will oversee the company’s troubled Nigerian operations, the e-mail said. Former Africa chief, Ann Pickard, becomes EVP Australia.

Charles Watson, former EVP of Shell Energy Europe, will head the company’s Russian and Caspian upstream operations.

All the above executives will report to the global head of Exploration and Production, Malcolm Brinded.

Blog Web site: http://tinyurl.com/lsjxwm

-By James Herron, Dow Jones Newswires; +44 (0)20 7842 9317; james.herron@dowjones.com

WSJ ARTICLE

Oil price fears following rebel attacks on Shell

Nigerian militants attacked three Shell pipelines in just 24 hours over the weekend – sparking concerns that the escalating volatility could drive up oil prices.

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Dutch Decision Has Implications for Global Class Actions

In 2004, Royal Dutch Shell investors brought a securities fraud class action suit in the U.S. District Court for New Jersey alleging injury from Shell’s intentional overstatement of oil reserves. The suit followed Shell’s announcement in February of 2004 that it had recategorized 20 percent of its total proven reserves base, and an ensuing internal audit which uncovered an email from a Shell executive stating, “I am becoming sick and tired about lying about the extent of our reserves issues.”

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