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Posts from ‘November, 2009’

Shell: Talks On Sale Of European Refineries To Essar Extended


NOVEMBER 30, 2009, 5:55 A.M. ET

LONDON (Dow Jones)–Exclusive talks between Royal Dutch Shell PLC (RDSB.LN) and India’s Essar Oil Ltd. (500134.BY) over the sale of three European refineries will continue for an unspecified period beyond Monday’s deadline, a Shell spokesman said.

“Shell and Essar jointly confirm that negotiations for the sale and purchase of our three refineries at Stanlow and Germany will continue beyond the end of November,” the spokesman said.

As part of plans to sell 15% of its global refining capacity, or about 600,000 barrels a day of capacity, over the next three years in a restructuring program, Shell is selling the Heide and Harburg refineries in Germany and the Stanlow plant in the U.K. read more

Cold wind rules don’t apply to Shell Fat Cat bonuses

Financial Times

Oil and gas chiefs win bonuses in spite of missing their targets

By Carola Hoyos, Chief Energy Correspondent

Published: November 30 2009 02:00 | Last updated: November 30 2009 02:00

Several oil and natural gas companies in the US and Europe boosted their chief executives’ remuneration last year, in spite of often missing performance targets or other measures of investor value, data collected by the Financial Times show. read more

Carbon trading could be worth twice that of oil in next decade

Peter Voser, Shell's chief executive, has called on governments to introduce a carbon tax or a minimum price for CO² because – as he told the Guardian – the ETS was failing to deliver sufficient incentives to kickstart expensive technologies such as carbon capture and storage (CCS).

Caltex Shares Up 6.1% On Hope Of ExxonMobil Deal Approval

In an interesting observation, Macquarie's Wood said that blocking the deal would make it hard for Australia's federal government to push Caltex to buy ExxonMobil and Royal Dutch Shell Plc's Australian refining assets on energy security grounds, if they should decide to sell them.

Shell axes 100 Australian workers in restructure


Monday 30 November 2009

About 100 Shell Australia employees will lose their jobs under a company restructure.

Shell employs about 3,000 people across the country and has refineries in Victoria and New South Wales.

Spokesman Paul Zennaro says the job losses will not be concentrated in any specific area of the company.

“We’ll implement a simpler business model with quicker decision-making and be better able to serve our customers,” he said.

“Unfortunately, as part of that Shell expects about 100 people or about 5 per cent of our workforce to be made redundant as part of the reorganisation of our business.” read more

Poisonous legacy of Motiva Delaware City Refinery

The refinery's various owners have been investigating soil and groundwater contamination for decades under state and federal oversight. Serious groundwater pollution problems extend as much as 180 feet underground, and more than a mile south of the property. Some of the site's worst pollution problems remain the responsibility of Premcor and Motiva Enterprises, the refinery's previous owners...

Shell plans restructure in Australia

ABC News

Monday 30 November 2009

The oil and gas company Shell is restructuring some of its Australian business.

A new role has been created to lead the local petroleum manufacturing operations, and the company will conduct a reorganisation of the business next year.

It is understood staff at company headquarters in the Melbourne suburb of Hawthorn will be informed of the proposal today.

Shell employs about 3,000 people in Australia, with refineries at Geelong in Victoria and Clyde in New South Wales. read more

Shell reins back its biofuels expectations

Financial Times

By Ed Crooks

Published: November 29 2009 19:49 | Last updated: November 29 2009 19:49


Advanced biofuels will not be in widespread use until about 2020, the chief executive of Royal Dutch Shell has said, puncturing hopes that they could be on the verge of a commercial breakthrough. read more

Peak oil: the summit that dominates the horizon

The big international companies such as BP and ExxonMobil are struggling to find enough new oil to replace their exploited reserves year-on-year and Shell found itself on the end of a major fine for exaggerating its reserves report to the Securities & Exchange Commission in the US.

Pump It Up: The Development of Iraq’s Oil Reserves

By Vivienne Walt Monday, Dec. 07, 2009 Walking the line: Iraqi police patrol a vulnerable oil pipeline feeding a southern refinery Nabil al-Jurani / AP

In the spring of 2003, more than a million people marched through the streets of cities across Europe and the U.S. to rail against U.S. plans to invade Iraq and oust Saddam Hussein. Amid the chants for peace was an angry accusation: the war was merely a grab by Western companies for Iraq’s vast oil reserves.

Nearly seven years on — and after more than 4,600 Americans and tens of thousands of Iraqis have been killed — Iraq’s natural resources are only now emerging as spoils of war. As U.S. troops prepare to withdraw from the country next year, some of the world’s biggest energy companies, among them ExxonMobil and Royal Dutch Shell, are racing to lock up multibillion-dollar deals with officials in Baghdad that will allow them to exploit the country’s giant oil fields. The deals will not only allow Big Oil to return to Iraq for the first time since Saddam nationalized the industry in 1972. By modernizing a production system wrecked by conflict and embargoes, Iraq’s exports could also get a huge boost, putting the country’s parlous economy on firmer footing and allowing Iraq to take its place as an oil power almost equal to Saudi Arabia. (Watch a video about the gas shortage in Iraq.) read more

John Donovan email correspondence with Shell lawyers 28 Nov 2009

From: John Donovan <[email protected]>
Date: 28 November 2009 10:16:41 GMT
To: [email protected]
Subject: Re: Data Protection Act 1998 – SAR

Dear Mr White.

Thank you for your email dated 27 November.

I note that you ignored my question about what, in Shell’s view, constitutes a “reasonable interval” between SAR applications from the same applicant. A response on that matter will be made after I receive the delivery of the promised information on or before 1st December i.e. by next Wednesday. read more

Sarawak Shell staff want govt to stop impending retrenchment

The Star Online

Published: Saturday November 28, 2009 MYT 3:31:00 PM


MIRI: Employees of oil-giant Sarawak Shell are seeking Government help to stop an impending large-scale retrenchment exercise to be carried out by the oil and gas producer throughout this state.

The Sarawak Shell Staff Union, which represents 2,700 workers, submitted a memorandum of appeal on Saturday to the state government through Deputy Chief Minister Tan Sri Dr George Chan Hong Nam, pleading with the Government to intervene to save their jobs.

Union secretary Solomon Nayup and a delegation of top union officials met with Dr Chan at the Sarawak United People’s Party Miri headquarters here and appealed to Dr Chan to forward their plight to the higher state and Federal authorities. read more

Royal Dutch/Shell CEO sees quite difficult 2010

AMSTERDAM, Nov 27 (Reuters) - Anglo-Dutch oil giant Royal Dutch Shell (RDSa.L) (RDSb.L) expects next year to be difficult in terms of consumer demand though the worst may be past, its chief executive said at an investor conference.

Leaked Shell Email: Downsteam-One Director Andrew Manley leaves Shell


By John Donovan

Just weeks ago, on 30 October, we published a leaked email from Andrew Manley, Shell Downsteam-One Programme Director, revealing the impact of the Vosification process, including delays on some important Shell IT projects. Manley acknowledged the consequential disappointment likely to flow from his announcement. Related Reuters article

Since then we have published articles from a Shell IT insider highly critical of some aspects of Shell IT operations…


read more

Shell, PetroChina To Develop Shale Gas In Sichuan

SHANGHAI (Dow Jones)--China has started its first joint development project in shale gas, in a bid to find alternative resources for the cleaner-burning fuel to meet the nation's rising demand.


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