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Posts from ‘February, 2010’

Redlands doing legal battle with Shell Oil

SAN BERNARDINO SUN

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 water. The lawsuit began a jury trial Feb. 4.

“The city brought the lawsuit to be proactive,” said Chris Diggs, the city’s water resources manager. “We want to ensure the sufficient supply of safe drinking water.”

Shell manufactured the chemical product D-D that farmers injected into the soil to kill nematodes – tiny worms that can attack root systems and kill crops. The use of D-D is common by farmers, but Diggs said Shell included an uncommon – and unnecessary – chemical.

Shell put another chemical called Trichloropropane, or TCP – a chemical leftover in the manufacturing process – into the D-D compound, Diggs said. Chemical manufacturers are required to incinerate the chemical to dispose of it. But Shell instead hid the TCP in the D-D, Diggs said.

“They would add the TCP to the D-D to get rid of it,” he said.

And the farmers injected the D-D into the ground.

Diggs said city staffers noticed traces of TCP in its groundwater a few years before the city launched its 2004 lawsuit. The city shut down its groundwater wells where the TCP was detected.

Diggs could not be specific on how many groundwater wells have been shut down because of the way the contamination works.

News generated by royaldutchshellplc.com Shell leaks in 2009

News articles generated by royaldutchshellplc.com and its Shell insider sources in 2009

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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.

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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 production decline and operational struggles, and that the annual strategy update conducted by Chief Executive Officer Voser in his sophomore year in charge will, rightly or wrongly, be viewed as a catalyst in this turnaround process,” the note said.

Shell’s stock remains rated “neutral” at Credit Suisse.

To contact the editor responsible for this story: Alexis Xydias at +44-20-7073-3372 or axydias@bloomberg.net

SOURCE ARTICLE

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 further work on the offshore pipeline this year, but intends to take an “integrated approach” to the offshore/onshore dimension next year, when it hopes that “permitting processes” will be “further advanced”.

In a letter to stakeholders issued by Shell managing director Terry Nolan, he says that the laying of the 84m umbilical, which provides the link between the Ballinaboy terminal and the Corrib field for remote control of subsea gas production facilities, will be postponed until next year.

The company explained yesterday that the umbilical laying would have involved re-establishing a works site at the Glengad landfall.

“In the past this has been a site where tensions have arisen during works. Having no works site there in 2010 will, it is hoped, minimise the exposure of the local community to such potential tensions,” its communications adviser Colin Joyce said.

The Corrib gas partners are awaiting a final decision from An Bord Pleanála on the onshore pipeline and have sought an extension to May 31st to provide further information on their application under the Strategic Infrastructure Act. Last November, An Bord Pleanála found that up to half of the proposed new onshore pipeline route was “unacceptable” on safety grounds, due to proximity to housing.

It suggested that the developers explore another route, up the Sruwaddacon estuary, but the company has said it is satisfied that the current proposed route meets all international safety standards.

In recent correspondence with An Bord Pleanála, Shell consultants RPS have queried aspects of the Bord Pleanála finding.

The Department of Communications, Energy and Natural Resources chief technical officer Bob Hanna also criticised the decision, arguing that it was based “solely on consequence” with no attention given to mitigating measures. Mr Hanna has intimated that the planning board’s approach may establish a “precedent” which could have “the effect of prohibiting all significant infrastructure developments”.

Mr Hanna’s intervention has been criticised by Shell to Sea in Mayo, which also held a protest outside Castlerea prison yesterday in support of fisherman Pat O’Donnell. Mr O’Donnell was given a seven-month sentence last week for his part in surrounding a Garda car during a cavalcade in September 2008 and a separate public order offence at Glengad.

Mr O’Donnell’s boat was sunk in Broadhaven Bay last year in controversial circumstances, ahead of offshore pipeline laying. “Pat O’Donnell and his family have become only the latest victims of abuse as a result of the Corrib gas project,”community group Pobal Chill Chomáin has said.

SOURCE ARTICLE

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.

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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.

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 into the plan, half of which in turn will be matched at varying levels by Shell if it ranks in the top three. If the oil group ranks first among its peers, executives will receive double those shares – in short, half their annual bonus again. The underpinning concept, meantime, of ranking against a small peer group – over time, everyone gets a look-in at the top – remains flawed.

FULL FT ARTICLE (SUBSCRIPTION)

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.

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Shell gets extra €80m to complete Corrib plan

The Independent

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 increase in the company’s share capital to €424m.

A Shell spokesman yesterday confirmed the equity “is toward the operational expenses in relation to the ongoing development of the Corrib project”.

The Corrib field could produce enough gas to meet 75pc of Ireland’s peak winter gas needs for up to a decade.

The documents showed that the cash injection was made since An Bord Pleanala found that up to half of Shell’s proposed route for its controversial Corrib gas onshore pipeline in Co Mayo was “unacceptable” on safety grounds.

Shell E&P Ireland has until the end of May to provide An Bord Pleanala with revised proposals for an alternative pipeline route to bring the gas onshore.

- Gordon Deegan

Irish Independent Article