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Posts from ‘May, 2010’

Alleged Shell violation of U.S. Export Restrictions

NAME AND EMAIL ADDRESS OF WHISTLE BLOWER WITHHELD FROM PUBLICATION Dear John, As a Shell insider I need to stay anonymous but I will point you to the right story. As you possible know, there are export restrictions to export software and technology which is US based to restricted countries like Iran, Sudan, Syria, North […]

BP’s Top Kill Effort Fails to Plug Leak

httpv://www.youtube.com/watch?v=a7cGg6Hfj8w

BP Prepares to Take New Tack on Leak After ‘Top Kill’ Fails

THE NEW YORK TIMES Win Mcnamee/Getty Images: Crews worked Saturday on the failed top kill effort to stanch the leaking oil well in the Gulf of Mexico. BP will try another strategy. By LESLIE KAUFMAN and CLIFFORD KRAUSS A version of this article appeared in print on Sunday May 30, 2010, on page A1 of […]

BP share price fear over latest setback

The Sunday Telegraph BP’s share price is likely to take another battering this week as the company last night admitted it was failing in its latest attempts to stop the Gulf of Mexico oil leak. By Angela Monaghan Sunday 30 MAY 2010 Since the explosion of the Deepwater Horizon oil rig on April 20, BP […]

New drilling rules’ impact goes beyond Big Oil

By CHRIS KAHN (AP) 28 May 2010 NEW YORK — President Obama’s decision to halt new deepwater oil exploration will extend beyond the Gulf of Mexico, affecting boat captains, helicopter pilots, mechanics and others who rely on drilling for their livelihoods. The industry employs a community of service companies with 75,000 workers in the U.S. […]

Shell agrees to buy US rival for $4.7bn

Francesca Steele: May 28, 2010 Royal Dutch Shell has agreed to buy East Resources, the US natural gas explorer, for $4.7 billion (£3.2 billion). The Amsterdam-based oil and gas giant said that it had struck a deal with East Resources and its private equity investor Kohlberg Kravis Roberts to acquire “subsidiaries which own substantially all […]

Rethinking Offshore Drilling

“Royal Dutch Shell shares have also dropped – around 11% – since the BP oil spill began.” smartmoney.com Published May 28, 2010 7:20 AM As the BP (BP: 45.38, +2.97, +7.00%) spill in the Gulf of Mexico continues, the Obama administration is reviewing its position on offshore drilling, which could add further selling pressure on […]

Shell says drilling ‘pause’ will cost Alaskans jobs

“There’s nothing that’s going to get us to drilling in 2010,” said Curtis Smith, a Shell spokesman, when asked whether the language of the announcement left room for salvaging Shell’s summer operations in Alaska.

Shell Buys U.S. Gas Assets From East Resources for $4.7 Billion

By Fred Pals May 28 (Bloomberg) — Royal Dutch Shell Plc, Europe’s largest oil producer, agreed to buy most of the assets of closely-held East Resources Inc. for $4.7 billion in cash, expanding its portfolio of U.S. unconventional gas deposits. East Resources owns and operates more than 2,500 producing oil and gas wells in New York, […]

Royal Dutch Shell BP Merger?

THE NEW YORK TIMES Spill Could Make BP Vulnerable By ROB COX and CHRISTOPHER SWANN: MAY 27, 2010 BP is likely to eventually stop the flow of oil from its explosion in the Gulf of Mexico. After that happens, the autopsy of the spill will begin in earnest. But if the information dribbling into the […]

Shell’s Statement on the President’s Offshore Announcement

HOUSTON, May 27 /PRNewswire/ – The Deepwater Horizon accident in the Gulf of Mexico is a terrible tragedy for the families of those who lost their lives or were injured, as well as our neighbors in the Gulf region. Immediately following the on-set of this incident, we undertook a number of proactive steps to reinforce […]