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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 Korea and Cuba. Shell violates this export restrictions as Shell is using software and technology without a valid export license.

One example will be that in the joint venture from Shell and Sinopec both companies are using Microsoft Windows Operation system. They never got a valid license from the US government. It looks like that in some cases Shell take the business risk only for profit to make business with terrorists. read more

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 the New York edition.

NEW ORLEANS — In another serious setback in the effort to stem the flow of oil gushing from a well a mile beneath the Gulf of Mexico, BP engineers said Saturday that the “top kill” technique had failed and, after consultation with government officials, they had decided to move on to another strategy.

Doug Suttles, BP’s chief operating officer for exploration and production, said at a news conference that the engineers would try once again to solve the problem with a containment cap and that it could take four to seven days for the device to be in place. read more

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 shares have lost a quarter of their value, however with the latest failure of efforts to stem the flow of oil the stock is likely to continue its fall when the London market opens on Tuesday.

Speaking last night at a news conference in Louisiana, Doug Suttles, BP’s chief operating officer, said a “top kill” operation to stop the leak was having no effect. “I don’t think the amount of oil coming out has changed,” said Mr Suttles. read more

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. Many of them can’t afford to rearrange their plans as easily as oil giants like BP and Shell.

“This can’t be good,” said Mark Cuevas, owner of a crew boat that transports passengers and cargo to deepwater rigs and production platforms in the Gulf. Cuevas’ business focuses on established oil platforms not affected by Obama’s announcement. That business also will suffer as service companies go after a smaller number of drilling contracts. read more

Shell agrees to buy US rival for $4.7bn

Times Online

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 of the business”.

East Resources has more than 650,000 acres in the Marcellus shale, a rock formation running from West Virginia to New York, which is said to contain vast amounts of natural gas. It produces the equivalent of almost 10,000 barrels of oil a day. read more

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 BP and Royal Dutch Shell (RDS-A, RDS-B), among other oil companies. On Thursday, the President announced the suspension of most offshore drilling operations in the Gulf and postponed or canceled drilling in Virginia and in the Arctic. Meanwhile, the head of the regulatory agency Minerals Management Service resigned, suggesting a shakeup of management and an improvement in safety and regulations to come. read more

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

BusinessWeek Logo

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, Pennsylvania, West Virginia, and Colorado and is actively exploring drilling programs in Wyoming, according to its website. It has been operating in the Marcellus Shale Area for 25 years. read more

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 public domain proves correct, the British energy giant will be a weakened creature — so weak it will be vulnerable to a takeover.

Royal Dutch Shell and Exxon Mobil are almost certainly running the numbers. Government leaders ought to be plotting their strategy, too. read more

Shell’s Statement on the President’s Offshore Announcement

PR Newswire: news distribution, targeting and monitoring

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 our top priority, safety, by conducting a comprehensive review of our operating practices, testing frequencies and training protocols. We have an unwavering commitment to safe operating practices and will actively seek to understand the causes of the Deepwater Horizon incident. read more

The Pipe – Shell in Ireland

by John Donovan

A new documentary on Shell’s Corrib Pipeline Project in Ireland is claiming that the Irish Police and regulators colluded in covering up the connection between private security working on the Corrib Gas pipeline project and an apparent assassination attempt on the Bolivian President, Evo Morales.

Shell’s interests in Bolivia have been threatened by Morales’ policy of nationalising its natural resources. However, apparently for legal reasons, the film-maker has been forced to avoid naming the oil company. read more

News Alert: Gulf leak nation’s worst spill; far bigger than Exxon Valdez

WASHINGTON POST

10:51 AM EDT Thursday, May 27, 2010
——————–

ROBERT, La. — New oil flow estimates by scientists studying the blown-out well in the Gulf of Mexico would make leak the worst in the nation’s history, far bigger than 11 million gallons that spilled in the Exxon Valdez disaster. U.S. Geological Survey Director Dr. Marcia McNutt says the results are preliminary, but two teams using different methods determined the well that exploded April 20 and sank two days later has spilled between 17 and 39 million gallons. read more

Obama to Suspend Arctic Oil Drilling Until 2011

THE WALL STREET JOURNAL

By STEPHEN POWER And GUY CHAZAN

The Obama administration, under pressure to act over the Gulf of Mexico oil disaster, is expected to announce Thursday that it will suspend consideration of any applications for exploratory drilling for oil in the Arctic until 2011.

The decision is a major blow to Royal Dutch Shell PLC, which had planned an ambitious oil-drilling program in the Chukchi and Beaufort Seas off Alaska this summer. Shell has been arguing to regulators that its operations in Alaska would face a lower risk of the kind of problems faced by BP PLC in its ill-fated Gulf of Mexico operation. read more

Obama warns on ‘risky’ fossil fuels

FT.com

By Anna Fifield and Stephanie Kirchgaessner in Washington and Ed Crooks in London

Published: May 27 2010 00:55

EXTRACTS

President Barack Obama will on Thursday announce sweeping new regulations for offshore drilling and delay or cancel some drilling deals, as he struggles to show hisadministration is in control of the Gulf of Mexico oil spill.

Mr Obama will announce standards to “strengthen oversight of the offshore drilling industry and enhance safety”, a first step in a process that the independent Presidential Commission will continue, a White House official said on Thursday morning. read more

Shell Alaska offshore drilling put on hold

THE NEW YORK TIMES

Obama to Extend Drilling Moratorium

By PETER BAKER and ANAHAD O’CONNOR May 27, 2010

WASHINGTON — President Obama plans to announce Thursday that he is extending the moratorium on permits to drill new deepwater wells for six more months and will delay or cancel specific projects off the coasts of Alaska and Virginia and in the western Gulf of Mexico, a White House official said.

Mr. Obama, who will discuss the decisions at a midday White House news conference, is taking the actions in response to the initial 30-day safety review of offshore drilling ordered after a BP rig exploded in the Gulf of Mexico, killing 11 men and opening a gusher of oil that has yet to be stopped. read more

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