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Posts from ‘September, 2010’

Total, Shell, Eni to End Iran Investments, U.S. Says

By Flavia Krause-Jackson and Ali Sheikholeslami – Sep 30, 2010 6:30 PM GMT+0100 Total SA of France, Statoil ASA of Norway, Italy’s Eni SpA and the Netherlands’ Royal Dutch Shell Plc have “pledged to end their investments in Iran’s energy sector,” U.S. Deputy Secretary of State James Steinberg said. Steinberg said the pledge means the […]

Shell to Spend $40 Billion in Americas, Boost Output

By Eduard Gismatullin – Sep 29, 2010 10 Royal Dutch Shell Plc, Europe’s biggest oil company, plans to invest about $40 billion in the Americas through 2014 to boost production by 40 percent. Shell’s oil and gas output in the region may reach 1 million barrels of oil equivalent a day in the period, The […]

BP’s Tony Hayward: the right man in the right place at the wrong time?

Daily Telegraph When BP became a sponsor of the US Olympics team for London’s 2012 games in February, Tony Hayward could have been forgiven for thinking he deserved a pat on the back, if not quite a medal. By Richard Blackden Published: 6:00AM BST 30 Sep 2010 Tony Hayward’s fate was sealed as the scale […]

Regal Falls to Record on Greer Exit, Ukraine Gas Flow Failure

By Eduard Gismatullin – Sep 30, 2010 Regal Petroleum Plc, the U.K. explorer focusing on natural-gas projects in Ukraine, fell to the lowest share price on record after Chief Executive Officer David Greer quit and as gas wells failed to stabilize output. Regal dropped as much as 31 percent to 18.25 pence in London trading, […]

King-size platform to rise in Gulf

“The outlook for deep water remains positive, despite the current drilling moratorium in the Gulf of Mexico,” the Dutch oil giant said in a prepared statement.

Nexen, Shell primed for deepwater drilling

Calgary-based Nexen Inc. and its partner Royal Dutch Shell PLC are trumpeting a major oil find in the Gulf of Mexico, a discovery that will serve as a test of feared regulatory gridlock in the prolific oil-producing region.

Shell plans rapid North American growth

By Ed Crooks in New York Published: September 29 2010 Royal Dutch Shell is planning a rapid expansion of its North American business to raise production by 40 per cent to 1m barrels equivalent per day in 2014, including gas, Canadian oil sands and deepwater oil. The strategy, announced in Canada on Tuesday, is part […]

Oil firms reap benefit of Iran’s build-up of crude stocks

In the two months before the UN voted through its fourth set of sanctions, on 9 June, affecting finance, insurance and shipping sectors, Shell’s trading company, Satsco, spent at least $778m on Iranian crude, according to documents seen by the Guardian.

Shell Approves Investment in Mars B Gulf of Mexico Oil Platform

By Joe Carroll – Sep 28, 2010 Royal Dutch Shell Plc, Europe’s largest energy company, gave final approval to an investment in an oil platform in the Gulf of Mexico. Shell, based in The Hague, said in a PR Newswire statement that the Mars B platform will pump the equivalent of 100,000 barrels of crude […]

Shell’s Brazil Unit Finds Oil In Santos Basin Well

THE WALL STREET JOURNAL SEPTEMBER 28, 2010 RIO DE JANEIRO (Dow Jones)–The Brazilian unit of Royal Dutch Shell PLC (RDSA, RDSB, RDSA.LN, RDSB.LN) discovered oil in the Santos Basin during the company’s first exploration attempt in the region famous for its deepwater discoveries, the company said Tuesday. Shell Brasil’s first well in the BM-S-54 block […]

Royal Dutch Shell plc: New Growth for Shell in Upstream Americas

Sept. 28, 2010, 3:50 p.m. EDT CALGARY, Canada, September 28, 2010 /PRNewswire via COMTEX/ — Royal Dutch Shell plc (“Shell”) reconfirmed strong momentum in its businesses in the Americas for a group of shareholders and analysts today, visiting Upstream assets in Canada. Shell’s oil & gas production in the region could reach 1 million barrels […]

UANI Condemns Royal Dutch Shell for Increasing Its Business in Iran

Sept. 28, 2010, 2:35 p.m. EDT NEW YORK, Sep 28, 2010 (BUSINESS WIRE) — United Against Nuclear Iran (UANI) today condemned Royal Dutch Shell for increasing its business with Iran. Rather than complying with the spirit of U.S. and EU law, Royal Dutch Shell over the summer conducted over a billion dollars’ worth of trade […]

Shell Iran controversy: internal emails reveal panic at Shell

By John Donovan I am in possession of authentic Shell internal emails revealing that Shell prepared contingency plans out of concern at the prospect of a boycott of Shell in the USA, arising from Shell’s treachery in dealing with Iran. The emails are available to the news media on request to john@shellnews.net Royal Dutch Shell […]

BFI LONDON FILM FESTIVAL: THE PIPE

BFI LONDON FILM FESTIVAL 13 – 28 October 2010 httpv://www.youtube.com/watch?v=Cm58nTYARzE The Pipe Risteard Ó Domhnaill’s compelling and deeply moving documentary follows a campaign trying to prevent Shell lay a pipeline in county Mayo. When it was discovered that there was a reserve of 11 trillion cubic feet of natural gas 80km off the west coast […]