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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


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.” 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 […]

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 […]

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. […]

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 […]

Obama warns on ‘risky’ fossil fuels 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. […]

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 […]

BP Skimped on Safety Before Blast

BP Used Riskier Method to Seal Oil Well Before Blast By IAN URBINA: Published May 26, 2010 WASHINGTON — Several days before the explosion on the Deepwater Horizon oil rig, BP officials chose, partly for financial reasons, to use a type of casing for the well that the company knew was the riskier of two options, according to […]

Democrats and environmentalists push to kill Shell’s Arctic drilling project

Interior secretary due to give final approvals to Alaska exploration despite intense pressure from Congress and environmental groups Suzanne Goldenberg 26 May 2010 23.12 BST Shell is planning a drilling project in the Chukchi and Beaufort seas off the northern coast of Alaska. Photograph: Delphine Star/Getty Images The Obama administration is coming under intense pressure from […]

Shell Arctic Drilling Leases to Be Reviewed by U.S.

“There are 1,700 employees within the Minerals Management Service” Salazar said. “Most of the employees at MMS are good public servants. There are bad apples within the organization. People have been reprimanded. People have been turned over for prosecution. We will have zero tolerance with respect to ethical lapses.” 26, 2010, 2:17 PM EDT By […]

In the Arctic, another oil spill looming

Published: May 26, 2010 at 3:08 PM By STEFAN NICOLA, UPI Europe Correspondent BERLIN, May 26 (UPI) — Will Royal Dutch Shell do to the Arctic what BP did to the Gulf of Mexico? That’s the question troubling environmental experts across the globe ever since the Dutch minerals giant Shell announced its plan to begin […]

U.S. Makes Case for Drilling, But With Tougher Rules

THE WALL STREET JOURNAL BY SIOBHAN HUGHES MAY 26, 2010 WASHINGTON—U.S. House lawmakers applied pressure to the Interior Department from all sides Wednesday over a Gulf of Mexico oil spill, as the Obama administration maintained that tighter regulation would allow offshore energy development to remain part of the country’s mix. The lobbying, in a House […]

Shell drilling Alaska offshore: Much older drilling equipment than BP and less scruples

EMAIL TO THE O’REILLY FACTOR, AT FOX NEWS, FROM JOHN DONOVAN Dear Bill Shell, another foreign owned oil company, is pushing hard to commence drilling for oil in offshore Alaska. Your American viewers will be alarmed to know that the oil rig in question, the The Frontier Discoverer, is an ancient vessel overdue at the […]

James Carville On Obama’s Response to Oil Spill


The Arctic After the Gulf

THE NEW YORK TIMES EDITORIAL There is an important way for President Obama and Interior Secretary Ken Salazar to show they are absorbing the lessons of the gulf oil spill and to reaffirm their pledge to proceed cautiously with offshore drilling in the future. That is to withhold the permits Shell Oil needs to proceed […]

Shell Arctic Drill Rig The Frontier Discoverer Overdue for Breakers Yard

“45 year old vessels were not built to the same standards as current vessels, and do not incorporate the same safety or environmental features. 45 year old equipment is not as reliable as current equipment. Most rigs of this age have long since gone to the breaker’s yard.” COMMENT ON SHELL BLOG  ON THE REASSURANCE LETTER […]

Letter from: Shell Oil Company, Marvin E. Odum, President, One Shell Plaza, P.O. Box 2463, Houston, TX

From: Shell Oil Company, Marvin E. Odum, President, One Shell Plaza, P.O. Box 2463, Houston, TX 772522463 May 14, 2010 To: S. Elizabeth Birnbaum, 1849 C Street, NW, United States Department of the Interior, Minerals Management Service, Washington, DC 20240 Dear Director Birnbaum, I am writing in response to your letter of May 6, 2010 […]

BP Faces Bleaker Prospects If ‘Top Kill’ Fails to Stanch Spill

Partly thanks to fears about the size of the final bill, BP now trades at a 20% discount to its rival, Royal Dutch Shell PLC.

Inspector General’s Inquiry Faults Regulators

NEW YORK TIMES A version of this article appeared in print on May 25, 2010, on page A16 of the New York edition. By IAN URBINA WASHINGTON — Federal regulators responsible for oversight of drilling in the Gulf of Mexico allowed industry officials several years ago to fill in their own inspection reports in pencil […]

Regulators Accepted Gifts From Oil Industry, Report Says

THE WALL STREET JOURNAL By STEPHEN POWER WASHINGTON—Employees of a federal agency that regulates offshore drilling—including some whose duties included inspecting offshore oil rigs—accepted sporting-event tickets, lunches and other gifts from oil- and natural-gas companies and used government computers to view pornography, according to a new report by the Interior Department’s inspector general. The report—which […]

Offshore drilling here to stay, but changes coming

FILE – In this March 29, 2010 file photo, a drill pipe extends through the moon pool at the center of the Discoverer Inspiration where Chevron is drilling an exploration well into Moccasin Prospect in the U.S. Gulf of Mexico. Regulators are likely to make permitting, inspections and equipment requirements for rigs more stringent. Lawmakers […]

Greenpeace Targets Shell Contracted-Ship For Anti-Drilling Act

By Isabel Ordonez Of DOW JONES NEWSWIRES May 24, 2010 17:54 ET (21:54 GMT) HOUSTON -(Dow Jones)- Greenpeace activists on Monday staged an anti-drilling protest at a Louisiana-based ship contracted by Royal Dutch Shell (RDSA) to help look for oil in Alaska, the environmental organization said. Environmental activists painted a message against drilling in the […]

U.S. House Proposes Penalty on Firms With Iran Oil Deals

THE WALL STREET JOURNAL By SPENCER SWARTZ And STEVE STECKLOW A U.S. House committee has proposed barring the Pentagon from buying fuel from companies that do business with Iran’s energy industry—a stance that is a long shot for becoming law but that underscores U.S. lawmakers’ ongoing dissatisfaction with international efforts to slap tough sanctions on […]

Blowout preventer problems were known as early as 2002

Years before the Gulf of Mexico became witness to the nightmare scenario of an unstoppable volcano of crude oil gushing from an unplugged oil well deep beneath the ocean, both the oil industry and the federal agency charged with monitoring seabed drilling off America’s coasts knew the last-ditch “failsafe” technology intended to prevent just this sort of catastrophe might not work.

Gulf oil spill: similar disaster could occur in Arctic later this year

Daily Telegraph The oil spill in the Gulf of Mexico has heightened fears of a similar disaster occurring off America’s Arctic coast, where Shell is due to begin exploratory drilling later this year. Smoke rises from a controlled burn in the Gulf of Mexico by BP Photo: GETTY IMAGES By Alex Spillius in Washington Published: 6:30PM […]

Corrib terminal to test gas from grid

Shell declined to give a predicted date for full production pending the outcome of the planning application. However, it is unlikely full production will start before next year.

Shell Oil Unable To Assure Safety Of Arctic Drilling

FOX BUSINESS Shell Oil Unable To Assure Safety Of Arctic Drilling; Proposal Is “Imagineering, Not Engineering,” Says Former Shell Official May 21, 2010 ( via COMTEX) —-Two engineers with extensive experience in the oil industry said on Capitol Hill today that Shell Oil’s plans to begin drilling off the coast of Alaska in less than […]

Can America trust Shell to drill in the Arctic Ocean?

By John Donovan The Shell brand is so well known in the USA that most Americans probably believe that it is as American as apple pie, rather than what it actually is – a foreign owned company: Royal Dutch Shell Plc. In the wake of the still unfolding BP/Transocean catastrophe in the Gulf of Mexico, […]

When Winston Churchill accused Shell of secret oil price rigging

Comment by Shell director at AGM: We next come to a sneer by Mr. Winston Churchill which is unworthy of him. By John Donovan I have been described by Reuters as “A prominent critic of Royal Dutch Shell“. I had no idea that I shared this distinction with a great man, Winston Churchill no less. […]

AP INVESTIGATION: Oil self-regulates around globe

Across the globe, industry-driven regulation is the norm, not the exception – and critics are calling for a re-examination of a system that puts crucial safety decisions into the hands of corporations motivated by profit.

AT&T Tapped to Provide Shell with Unified International Communications Service

This initiative is a three-year, $90 million deployment that is part and parcel of the estimated $1.6bn global strategic sourcing agreement inked by Shell and AT&T in 2008, during which Shell awarded AT&T with a contract to manage most of its telecom and IT infrastructure services.

BP accused of cover-up

Matthew Bigg and Jeremy Pelofsky: Thu May 20, 2010 7.36pm EDT (Reuters) – The U.S. government Thursday accused energy giant BP of falling short in the information it has provided about the Gulf of Mexico oil spill, in a clear sign of Washington’s growing frustration with BP’s handling of the spiraling environmental disaster. “In responding to this […]

Shell trims exposure to Iran crude – sources

A view of a Shell oil both at the 11th international oil, gas and petrochemical exhibition in Tehran April 20, 2006. Credit: Reuters/Raheb Homavandi (Reuters) – Royal Dutch Shell and other oil companies are taking less Iranian crude because of poor economics and the difficulty of making financial transactions with Tehran, industry sources said on Thursday. […]

Arctic Drilling Proposal Advanced Amid Concern

Damon Winter/The New York Times BP’s Endicott oil and gas facility at the edge of the Beaufort Sea. Shell Oil wants to drill dozens of miles offshore in federal waters. THE NEW YORK TIMES A version of this article appeared in print on May 20, 2010, on page A18 of the New York edition By WILLIAM […]

Shell’s treachery in Iran

AN EMAIL TO BILL O’REILLY AT FOX NEWS Hello Bill In March 2007, I sent you an email on the subject of Shell’s treachery in Iran. Two years later, as a result of Shell internal documents obtained from the oil giant under UK freedom of information laws, I discovered that my email to you had sent […]

Oil Trade With Iran Thrives, Discreetly

“One tanker industry executive speculated that Shell might want to disguise its Iranian purchases so as not to suggest that the gasoline it sells in the U.S. is refined from Iranian oil, which would violate U.S. law.” THE WALL STREET JOURNAL By STEVE STECKLOW, SPENCER SWARTZ and MARGARET COKER FUJAIRAH, United Arab Emirates—An oil tanker named Front Page, […]

Shell Hoax Puts Spotlight on Big Oil’s Mess in Nigeria

George Osodi, File / AP People evacuate their homes by boat, as they pass smoke and flames billowing from a burning oil pipeline belonging to the Shell Petroleum Development Company, across the Opobo Channel in Asagba Okwan Asarama, about 31 miles southwest of Port Harcourt, Nigeria, in 2005. (May 19) — If it seemed too […]

Toxic Living: California Neighbors Sue After Finding Homes Were Built on Oil-Saturated Soil

“The lawsuit, filed in October against Shell, the developer and its subsequent owners, claims among other things that the companies were negligent in their treatment of the site and that they fraudulently concealed chemical hazards on the property.” Experts Say Homeowners Exposed to Dangerous Levels of Benzene, Methane By SARAH NETTER CARSON, Calif. May 19, […]

Pension deficits threaten 1 in 10 FTSE firms

“The biggest deficit contribution was made by oil group Royal Dutch Shell, which handed £2.7bn to its pension scheme.”

Reputation Management

ROADSIDE RETAIL The maintenance of a good corporate reputation in today’s febrile multimedia age is no easy task – not least because the needs of a company’s various stakeholders are all too often contradictory. Investors may seek cost efficiencies which boost earnings and dividends whilst employees seek job security. The need to boost the resource […]

Shell deal forges new links with China

May 19, 2010 China’s biggest energy company has agreed to take a stake in Royal Dutch Shell’s oil and gas unit in Syria in a deal estimated to be worth $1.5 billion (£1 billion). China National Petroleum Corporation (CNPC) has acquired a 35 per cent interest in Syria Shell Petroleum Development. Shell has been eager […]