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Posts from ‘February, 2010’

Shell and BP face onslaught from tar sands campaigners

Lobbyists bid to turn RBS, BP and Shell annual meetings into green referendums

Shell IBM collaboration doomed to fail

Posting on Shell Blog on Feb 27th, 2010 at 10:19 am by “guest1”, a regular contributor. What a load of nonsense in the Forbes article. Shell and IBM to team up etc. We HAD all the expertise but that was removed by the HR and FN idiots that run Shell now. What does IBM know […]

Shell, IBM to find ways to extend oil field life

Associated Press, 02.26.10, 12:52 PM EST HOUSTON — Royal Dutch Shell PLC and IBM Corp. are teaming up to research how to extend the life of oil and natural gas fields. IBM‘s analytic and simulation experience will be melded with Shell’s subsurface and reservoir expertise to create a more efficient and accurate picture of how […]

Oil giants hit by concerns over tar sands

Tar sands are shaping up to be the thorn in BP (BP-) and Shell’s (RDSB) sides as concerns over potential expense prove almost as rife as worries over the environmental impact.

Iraq talks with Shell prolonged, continue-official

BAGHDAD, Feb 26 (Reuters) – Talks between Iraq and Royal Dutch Shell (RDSa.L) on a natural gas deal near the southern oil hub of Basra are taking longer than expected but still ongoing, a senior Iraqi oil official said on Friday. “The heads of agreement will be extended and the project will be presented to […]

Nigeria: Shell’s Opposition to PIB Selfish, FG Insists

Adeola Yusuf: 25 February 2010 Lagos — Federal Government came down hard on Royal Dutch Shell on Wednesday over its opposition to the Petroleum Industry Bill (PIB), insisting that the oil major was wrong in its assessment that the bill would block investment. Ann Pickard, outgoing Regional Executive Vice President, Shell Exploration and Production, Africa, […]

Shell oil sands costs rise again

REUTERS Shell oil sands costs rise again, partner says * Athabasca oil sands expansion’s costs rise to $14.3 bln CALGARY, Alberta, Feb 25 (Reuters) – The cost of a 100,000-barrel-per-day expansion of Royal Dutch Shell Plc’s (RDSa.L) Athabasca oil sands project has climbed to $14.3 billion, Chevron Corp (CVX.N), one of its partners, said in […]

Shell Ethics Chief involved in bending the truth

We should not give the impression that we are over-concerned with the D’s website, or that management spends a lot of time worrying about it. (Shell) By John Donovan I am still studying the Shell internal documents and communications the company was recently obliged to supply to me in accordance with an application under the […]

Nigeria rejects criticism of new oil policy

By Tom Burgis in Abuja Published: February 24 2010 16:13 | Last updated: February 24 2010 16:13 Nigeria on Wednesday hit back at claims by Royal Dutch Shell and other foreign groups that planned reforms threaten $50bn of investment and the country’s status as Africa’s biggest energy producer. read more

Shell’s operations in Angola are worthy of discussion…

Comments from our sources on recent statements about Shell’s operations in Angola made by it’s Executive VP for sub-Saharan Africa, Ann Pickard (Right). Shell’s exit from Angola was not a success story and it throws a slightly different light on Ann Pickard’s remarks in Nigeria. Her comment about Angola’s production exceeding that of Nigeria sounds […]

Norway Downgrades Reserves At Shell Ormen Lange Gas Field 25%

LONDON (Dow Jones)–The Norwegian Petroleum Directorate downgraded total reserves at Royal Dutch Shell PLC’s (RDSA) Ormen Lange gas field by around a quarter Wednesday.

Shell abandons HQ to decade of development

The company has agreed terms for a ten-year lease with Canary Wharf on 200,000 sq ft of Docklands offices February 24, 2010 A view of the London Eye, located along the Thames River at County Hall, is seen across from the Shell Oil Centre building. Carl Mortished, World Business Editor Staff at Royal Dutch Shell […]

Shell abandons Colorado water rights bid, placing regional oil shale development on hold

DENVER (AP) — Shell Oil Co. said Tuesday it is abandoning its quest for water rights from a northwest Colorado river to develop oil shale production, citing delays in the project due to the global economic downturn.

Shell to withdraw Yampa River water rights application for oil shale development

As a result of Shell’s actions, Colorado residents can breathe a little easier and the Yampa River lives to flow another year. ”

Nigeria: Acting president promises oil overhaul

ABUJA, Nigeria — Nigeria’s acting president on Monday called for the passage of a bill that analysts say would sharply reduce the profits of foreign oil companies.Acting President Goodluck Jonathan said the Petroleum Industry Bill before lawmakers would allow more oil money to return to Nigeria’s people. The bill would also require the government-run Nigerian National Petroleum Corp., to seek profits like a private business and not rely on government subsidies.

Nigeria oil reform would worsen bad situation -Shell

ABUJA, Feb 23 (Reuters) – Nigeria’s proposed oil industry reforms could drive away $50 billion in investment if passed in their current form and make a bad situation for the sector even worse, Royal Dutch Shell (RDSa.L) said on Tuesday.

Shell Africa chief attacks Nigeria levies

By Tom Burgis in Abuja Published: February 23 2010 12:52 Royal Dutch Shell’s outgoing Africa chief on Tuesday delivered a blistering attack on Nigeria’s management of its vast oil and gas reserves but scotched rumours that the Anglo-Dutch group was looking to leave the country. Echoing industry claims that planned legislation could deal a killer […]

Shell to Seek 800 Million-Euro Offers for LPG Unit

By Anne-Sylvaine Chassany and Fred Pals Feb. 23 (Bloomberg) — Royal Dutch Shell Plc, which is seeking to focus on exploration and production, may sell its liquefied petroleum gas distribution unit, four people with knowledge of the plan said. Shell hired Credit Suisse Group AG to manage a sale of the division, which is valued […]

Angola offshore oil to be double Nigeria’s by 2020 -Shell

Tue Feb 23, 2010 9:55am GMT ABUJA, Feb 23 (Reuters) – Angola’s offshore oil production is likely to be double that of Nigeria by 2020, Royal Dutch Shell (RDSa.L) said on Tuesday. The two countries rival each other as Africa’s biggest oil producer, but oil majors say Nigeria risks losing out if changes to its […]

As Schlumberger buys Smith, the price of oil services is set to rise

Financial Times February 22, 2010 7:56pm by Ed Crooks Schlumberger’s $12bn deal to buy fellow oil services company Smith International, announced on Sunday night and discussed by Andrew Gould, Schlumberger’s CEO, on Monday, looks like a turning point. From now on, the cost of oil services seems more likely to rise than fall. One possible […]

Indian Energy Firms Pursue Assets Abroad

Following on its international acquisitions in steel and outsourcing in recent years, Essar is in talks with Shell to pay as much as $1 billion for three oil refineries in the U.K. and Germany, people close to the situation say. Last year, the company bought out the 50% stake that Shell, BP PLC and Chevron Corp. owned in a major refinery in Kenya.

Shell Internet Censorship

“One of the principles underlying all of our work on the Web has been that we should be true to the spirit of New Shell. This means that we are seen to be open, listening, interested in the views of others…”: SHELL CENSOR – MARCH 1999 Shell Internet Censorship By John Donovan Printed below is […]

Charities to lobby BP and Shell on environmental practices

CIVILSOCIETY.CO.UK Vibeka Mair | 22 Feb 2010 Campaigning charities FairPensions and WWF have joined a coalition which is lobbying oil giants BP and Royal Dutch Shell over their investments in environmentally controversial oil sands developments. The coalition, which also includes Unison, Greenpeace and the Co-operative banking group, is asking pension scheme members to email their […]

A smaller Big Oil fights for a revival

When the recession hit, the major companies streamlined, cut costs and became more efficient, giving them a shot at a profit comeback By BRETT CLANTON HOUSTON CHRONICLE Feb. 21, 2010, 4:32PM Big Oil has had a little less swagger in its step of late, humbled by a global recession that halted a multi-year run of […]

Shell suffering from organizational dementia

Printed below is an article by Tony Allwright, a retired Irish Shell EP manager. It is published on his blog. It was brought to our attention by a Shell insider who shares the views expressed and believes the article deserves wider publication. Organizational Dementia By Tony Allwright We are all familiar with elderly people sometimes […]

BP, Shell Cost Cuts May Falter as Drilling Stirs Oil Inflation

February 21, 2010, 07:10 PM EST By Eduard Gismatullin and Marianne Stigset Feb. 22 (Bloomberg) — BP Plc and Royal Dutch Shell Plc may falter in their campaigns to save billions in oil and gas project costs as a resurgence in drilling and demand for engineers threaten to revive inflation in the industry. Crude prices […]

Beyond Business

Financial Times Review by Ed Crooks Published: February 22 2010 05:00 | Last updated: February 22 2010 05:00 Beyond Business: An Inspirational Memoir from a Visionary Leader By John Browne Weidenfeld & Nicolson £20, 336 pages FT Bookshop price: £16 read more

Two-tier market in executive pay

Financial Times By Brian Groom, Business and Employment Editor Published: February 21 2010 23:03 A two-tier market is emerging in executive pay in the UK’s largest listed companies, with those that have come strongly through the recession able to offer better remuneration than their rivals, according to new research. Royal Dutch Shell, ranked ninth in […]

Shell talks about cutting offshore incidents to zero

“Risk Awareness has gone up; risk tolerance has gone down,” said Jon Unwin, vice president of safety, environment and sustainable development for Shell Upstream Americas’ deep-water unit. Today, Shell, Chevron and others talk about cutting offshore incidents to zero.

No more Iraqi oilfields for foreign companies: prime minister

REUTERS Aref Mohammed BASRA, Iraq Sat Feb 20, 2010 7:56am EST BASRA, Iraq (Reuters) – Iraq has no further plans to use foreign firms to develop its oilfields beyond ones auctioned off last year, the country’s prime minister said on Saturday, ahead of a national election next month. Analysts say that foreign companies may have […]

Redlands doing legal battle with Shell Oil

SAN BERNARDINO SUN Jesse B. Gill, Staff Writer Posted: 02/19/2010 04:18:29 PM PST REDLANDS – City attorneys entered into a jury trial in early February in an attempt to get Shell Oil Company to clean up a mess the city says Shell made. The city launched a lawsuit against Shell in 2004 over contaminated ground […]

News generated by Shell leaks in 2009

News articles generated by and its Shell insider sources in 2009

Arrow Wins Approval for A$550 Million Queensland Gas Pipeline

Feb. 19 (Bloomberg) — Arrow Energy Ltd., Royal Dutch Shell Plc’s coal-seam gas partner in Australia, won government approval to build a pipeline to the proposed Fisherman’s Landing liquefied natural gas plant in the state of Queensland.

Shell Is a ‘Buy’ Before March 16 Update, Credit Suisse Says

By Alexis Xydias Feb. 19 (Bloomberg) — Royal Dutch Shell Plc shares are a “trading buy” before the company uptades investors on its strategy on March 16, analysts at Credit Suisse Group AG wrote in a report today. “We argue that the market remains keen to call the ‘turn’ in Shell after seven years of […]

Shell confirms key parts of Corrib gas project postponed

The Irish Times – Thursday, February 18, 2010 LORNA SIGGINS Marine Correspondent SHELL EP Ireland has confirmed that work on several key aspects of the Corrib gas project will not now take place this year. The company told The Irish Times yesterday that the decision was taken for “operational and community reasons”. It will undertake […]

Trouble on the Russian front as BP offshoot faces loss of big gasfield

TNK-BP and BP declined to comment yesterday on the decision from RosPrirodNadzor, which was reminiscent of the manouvering by Russian agencies that resulted in Shell losing control of its Sakhalin project in the Russian Far East in 2006.

Oil giant looking to cut cost of major North Sea contract

The Press and Journal Shell to re-tender main offshore maintenance, modification and projects deal ‘in near future’ By Ian Forsyth Thursday 18 February 2010 Shell UK is looking to cut the cost of a major contract, currently carried out by around 1,000 workers. The company said yesterday it would re-tender its main offshore maintenance, modification […]

Pay tide turns at Shell

Financial Times By Robin Harding, Louise Lucas, and Paul Betts Published: February 17 2010 00:12 Let them eat cake. Following last year’s shareholder revolt at Royal Dutch Shell, the oil major has recalibrated executive pay. Basic salaries will be frozen for 18 months, to January 2011. Executives can put up to half their annual bonus […]

Ryan’s madness and folly in Corrib row

Last November, something interesting happened. It turned out that the headbangers of the Erris peninsula, the “extremists” who have been blocking the completion of Shell’s Corrib Gas project, were neither crazy nor extreme. An Bord Pleanála wrote to Shell’s planners, rejecting the proposed route for half of the gas pipeline, in terms that largely vindicated the protesters.

Shell gets extra €80m to complete Corrib plan

By Gordon Deegan Wednesday February 17 2010 Shell Ireland has received a fresh €80m cash injection to finish works to allow gas to be taken from the Corrib gas field. The boost to Shell E&P Ireland from its parent company is confirmed in documents lodged with the Companies’ Office. The cash injection represents a 23pc […]

Shell overhauls executive pay in response to shareholder revolt

Daily Telegraph Royal Dutch Shell has frozen the pay of its top executive directors and imposed new rules on bonuses, as it tries to appease investor anger over excessive remuneration. By Rowena Mason, City Reporter (Energy) Published: 9:11AM GMT 16 Feb 2010 Last year, Shell’s board suffered an embarrassing shareholder revolt over their pay packages, […]

Shell freezes pay of top executives

• Shell responds to last May’s shareholder revolt over pay • Salaries frozen until 2011, with pledge on bonuses and targets Zoe Wood Tuesday 16 February 2010 10.36 GMT Shell has frozen salaries after a row with shareholders. Photograph: Leon Neal/AFP/Getty Images Royal Dutch Shell has today bowed to pressure from major investors by announcing […]

Shell tries to appease investors with caps on pay

The Times February 17, 2010 Robin Pagnamenta and Robert Lindsay Royal Dutch Shell said that it would freeze the salaries of its top directors and reform a generous bonus scheme as the oil giant moved to soothe shareholders’ anger over excessive boardroom pay before its annual meeting. In a letter to investors, Hans Wijers, the […]

BP drops out of US emissions lobby body

Financial Times By Sheila McNulty in Houston and Anna Fifield in Washington Published: February 16 2010 20:48 BP, Europe’s biggest oil company, has pulled out of the leading business group lobbying for curbs on US greenhouse gas emissions, a sign of fragmentation in the campaign for climate and energy legislation. read more

Energy Company Mergers Are Expected to Rise

THE NEW YORK TIMES By JAD MOUAWAD Published: February 16, 2010 Energy companies are on the prowl again. After a two-year slowdown in mergers and acquisitions in the industry, companies are once again looking for ways to use their checkbooks to expand their reserves, buy new technology or snap up promising oil and gas fields. […]

Shell data hackers hoped to kick-off ‘revolution’

ITPRO A document released with the stolen database suggests Shell could face more breaches. By Richard Thurston, 16 Feb 2010 at 15:13 A lengthy document sent by allegedly disillusioned Shell employees to leading environmental and human rights activists sought to launch a corporate revolution at the oil giant. The document, which was given to IT […]

Shell Moves to Cut Executive Pay

THE WALL STREET JOURNAL FEBRUARY 16, 2010 By JAMES HERRON LONDON—Royal Dutch Shell PLC on Tuesday proposed changes to the way it pays its executive directors in an attempt to assuage concerns that led shareholders to reject its remuneration package last year. The proposals constitute a significant step toward greater pay restraint at one of […]

Shell to curb pay, bonuses after investor revolt

REUTERS LONDON (Reuters) – Royal Dutch Shell Plc (RDSa.L) said it was overhauling its pay practices for top management, including a pay freeze for its chief executive, Peter Voser, and a limit on bonuses, after a shareholder revolt last year. The head of Shell’s remuneration committee said salaries for Voser and Chief Financial Officer Simon […]

Royal Dutch Shell freezes pay of three senior directors

16.02.10 Shell today bowed to shareholder anger over its senior staff pay by announcing it was freezing the salaries of its three top directors this year. Chief executive Peter Voser and chief financial officer Simon Henry, whose salaries are 20 per cent lower than previous pay for their positions, will not get a rise until […]

Shell guilty of allowing worlds biggest breach of employee details

By John Donovan Shell media spin machine went into overdrive last week trying to downplay the worlds biggest ever leak of employee details, including personal information, which Shell Ethics boss Richard Wiseman, has twice admitted puts the safety of some employees at risk. A copy of a related email from Mr Wendel Broere, Group spokesman, […]

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