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Posts from ‘November, 2009’

Shell: Talks On Sale Of European Refineries To Essar Extended

THE WALL STREET JOURNAL 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 […]

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 […]

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

ABC NEWS 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 […]

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 […]

Shell reins back its biofuels expectations

Financial Times By Ed Crooks Published: November 29 2009 19:49 | Last updated: November 29 2009 19:49 Extracts 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 […]

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 […]

Sarawak Shell staff want govt to stop impending retrenchment

Published: Saturday November 28, 2009 MYT 3:31:00 PM By STEPHEN THEN 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 […]

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 […]

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.

SELECTION OF NOVEMBER 2009 POSTINGS

Voser says more redundancies next year… Total farce of Shell MOR SHELL SPIN ON PEARL GTL BUDGET Union warns Essar of dispute with Shell Shell jobs restructuring mess Letter from Shell to John Donovan Stanlow: Sadly Shell reveals its true colours How much longer will Shell CIO Alan Matula last? al-Yamamah corruption scandal: taboo subject […]

Shell a ‘happy’ Woodside shareholder: CEO

Shell is in exclusive talks to sell the Stanlow refinery in the UK, as well as the Hamburg and Heide refineries in Germany, to Essar Oil Ltd. ”These are ongoing negotiations and I think I can say I am pleased with the progress,” Voser said. ”Let us continue to finish those discussions.” The exclusivity of the negotiations ends Nov. 30, though Voser declined to say whether a deal would be agreed by then.

Todd loses appeal against Shell and OMV

Todd was apparently trying to extract evidence of collusion between Shell, which has 48% of the Pohokura field, and OMV, which has 26%, the same share as Todd.

Shell Australia’s New Chief Ann Pickard to Lead ‘Major’ Spending on LNG

Shell said last month that a quick recovery in energy demand and prices was unlikely and that it would cut 5,000 jobs. Even so, Chadwick said “Australia is a growth area for us.” The headcount in Perth has more than quadrupled to about 260 people in the past four years, he said. “Operating Prelude will have implications we need to staff up for.” Shell employs about 2,500 people in Australia, according to its Web site.

Shell’s 30 per cent stake in restless Arrow Enegy

It is one thing to own the right to mine the gas, but it is a different issue to actually get it to the market and, as far as Arrow’s gas, it would seem Shell is in the ideal position to dictate terms, given it is the logical party to commercialise the project.

November 26, 2009: Peter Voser on Shell Job Cuts

FT: Shell CEO on debt, gas, Iraq, mergers, and more November 26, 2009 12:01am by Ed Crooks The reorganisation “moved very fast” in 2009, Mr Voser said. For 15,000 posts, people have had to re-apply for their jobs. About 50,000 people work in the areas affected by cuts, out of Shell’s total workforce of 102,000, […]

Woodside Says It’s Not for Sale Amid BHP Speculation

BHP, the world’s largest mining company, may be interested in buying Woodside with the approval of 34 percent shareholder Royal Dutch Shell Plc, the Australian Financial Review’s Street Talk column said yesterday.

Shell’s borrowing needs cut with oil at about $80: report

Tue Nov 24, 2009 7:35pm EST LONDON (Reuters) – Royal Dutch Shell’s (RDSa.L) (RDSa.L) chief executive is forecasting that the oil giant will not need to borrow any more money if oil remains at about $80 a barrel, the financial Times reported in its Wednesday editions. The comments from Peter Voser, are a sign of […]

Shell seeks stake in giant Russian gasfield

Royal Dutch Shell is hopeful that it will gain an equity stake in a giant Russian gas field that could supply all of the world’s needs for a decade. Peter Voser, Shell’s chief executive, said that talks with the Russian government about the Yamal project in the Siberian Arctic were progressing well.

Shell steps on the gas in Qatar

Shell’s gas-to-liquid project in Qatar • Shell’s chief executive reveals two $18bn gas projects • Despite oil expansion, gas is key to company’s future Tim Webb guardian.co.uk, Tuesday 24 November 2009 21.06 GMT Peter Voser is reeling off Shell’s projects to develop the next generation of biofuels when he gets to its algae scheme in […]

LEAKED SHELL MOTIVA EMAIL 24 NOV 2009: Norco Personnel Announcement

—–Original Message—– From:   Deroche, Liz O MOTIVA-DMM/60 Sent:   Tuesday, November 24, 2009 7:18 AM Subject:        Norco Personnel Announcement Sent on behalf of Mark Hurley, General Manager – Norco Manufacturing Complex The following Site Leadership Team role changes will go into effect January 1, 2010 and report directly to me: Hermie Bundick has been selected as […]

Shell: market alone cannot deliver green energy

Royal Dutch Shell CEO Peter Voser says falling carbon price is stifling investment. Photograph: Jim Watson/AFP/Getty Images • Chief executive says falling carbon price stifling investment • Call for government action to support new technology Tim Webb guardian.co.uk, Tuesday 24 November 2009 20.56 GMT Shell’s new chief executive has called on governments to intervene in […]

Shell CEO Voser says more redundancies next year…

FINANCIAL TIMES Shell says $80 oil will halt debt spiral Voser says more redundancies next year… (unspecified number) By Ed Crooks in London Published: November 24 2009 20:46 Royal Dutch Shell has signalled that the steep rise in its debts is coming to end, with its chief executive saying the group would not need to […]

Shell Expects Big Boost From Qatar Gas Projects

However, Shell also said it was delaying the launch of Qatargas 4 by as much as 10 months, from the start of 2010 until the end of the year. Mr. Voser said the timetable had been disrupted by delays at other LNG projects in Qatar involving other big oil companies, such as Exxon Mobil Corp, Total SA and ConocoPhillips.

Shell favours gas over oil for future production strategy

Daily Telegraph Gas will be at the heart of Royal Dutch Shell’s production strategy ahead of oil as the world attempts to reduce carbon dioxide emissions, according to the energy group’s new chief executive, Peter Voser. By Rowena Mason Published: 8:17PM GMT 24 Nov 2009 Delivering an update on Shell’s two flagship gas projects in […]

Shell eyes Gulf of Mexico boost

upstreamonline Wire reports Supermajor Shell is planning to expand exploration in the US Gulf of Mexico and Kazakhstan as Europe’s largest oil company seeks to maintain output. The company is designing a development plan for its West Boreas discovery in the Gulf of Mexico, which may hold 100 million barrels of resources, said Malcolm Brinded, […]

Essar may seal refinery deal with Shell in a month

“Both the companies have reached consensus on several issues regarding the deal and supply and product offtake agreements have been signed. Essar will supply products to Shell from the refinery after the takeover,” said a source close to the development. He, however, refused to divulge the financial details of the deal saying negotiations were underway on that front.

‘Why We Fight': The Nature of Modern Imperialism

Britain’s oil and gas giants, its mining companies and its arms manufacturers have a powerful and ongoing relationship with government and an effective lobbying influence in the office of successive Prime Ministers.

Total farce of Shell Managed Open Resourcing

John I like to share this with you. The results of 15 years of complete mismanagement. Shell has now degenerated so much that we have to endure nonsense like this. Brinded has always believed in ‘processes’ regardless of the impact on business (mostly negative, remember ‘Overpromise-Underdelivery’?). Because nobody has dared to fire him, he has […]

The Hague is becoming an ever emptier shell

November 24, 2009 Martin Waller: City diary Last year, as part of the merger of the Dutch and British units of Royal Dutch Shell, their corporate headquarters was established in The Hague. This meant that all the head office functions, for example human resources, public relations (PR) and investor relations (IR), moved there, under the […]

Shell Martinez refinery pumped out 4.5 million metric tons of carbon dioxide and related greenhouse gases in 2008

San Francisco Business Times Monday, November 23, 2009, 10:20am PST read more

Royal Dutch Shell: Good Progress Of Pearl GTL, Qatargas 4

LONDON (Dow Jones)–Royal Dutch Shell PLC (RDSA) said Monday it was making good progress with the Pearl GTL and the Qatargas 4 projects in Qatar.

Shell Corrib Gas Dispute: The emergence of corporate rule

“The Corrib gas dispute in many ways tells the story of modern Ireland,” Mr Murray said. “The result has been an erosion of civil liberties and the emergence of corporate rule, where multinationals appear to have greater rights than Irish citizens,” he said.

Shell delays Qatargas 4 LNG plant by a year

LONDON, Nov 23 (Reuters) – Royal Dutch Shell (RDSa.L) said it had delayed one of its largest schemes by around a year with start-up for the $8 billion Qatargas 4 liquefied natural gas project now planned for late 2010 and the first cargo possibly pushed into 2011.

Shell pushes back completion date of $8 billion Qatargas 4 Project

proactiveinvestors.com Monday, November 23, 2009 Dutch oil supermajor Royal Dutch Shell (LSE: RDSB) updated the market on its progress in Qatar, where  it is developing the Pearl GTL and Qatargas 4 projects in cooperation with state owned Qatar Petroleum, which operates all oil and gas activities in the country. While Pearl GTL was progressing in […]