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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 [email protected] 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 […]

CBS News Report: Shell Increases Oil Trade with Iran

CBS News.com September 28, 2010 6:28 AM While its competitors bowed to international pressure against trade with Iran, the U.K.-registered oil giant Shell increased its purchase of crude from the isolated regime over the summer, according to a report in Tuesday’s Guardian. The British broadsheet says it obtained confidential documents revealing that Shell paid Iran […]

Shell increases crude oil trade with Iran – report

Tue Sep 28, 2010 1:41am GMT LONDON, Sept 28 (Reuters) – Royal Dutch Shell (RDSa.L: Quote) has bought $1.5 billion worth of crude oil from the National Iranian Oil Company (NOIC), Britain’s Guardian newspaper said, citing sensitive trading documents. The newspaper said the UK-registered company this summer stepped up its orders of Iranian oil while […]

Shell increases oil trade with Iran – despite sanctions

Oil giant stepped up orders of Iranian crude while others halted trade amid sanctions imposed by UN, EU and US Robert Booth Monday 27 September 2010 18.37 BST Iran’s oil depot at Kharg Island, the country’s main export terminal in the Persian Gulf. Oil is a major export for Iran. Photograph: Kaveh Kazemi/Getty Images Shell, […]

Royal Dutch Shell environmental issues

On 7 November 2007 The Guardian published an article under the headline [3] The UK Advertising Standards Authority (ASA) ruled that a Shell advertisement featuring flower heads emerging from refinery chimneys implying the oil giant used its waste carbon dioxide to grow flowers, breached ASA rules.

Royal Dutch Shell safety concerns

The energy multi-national Royal Dutch Shell, has faced campaigning activity on its safety record and Health and Safety working practices, particularly in relation to its North Sea platforms, following the tragic death of only two offshore workers after a gas leak on its Brent Bravo platform on 11 September 2003.

Controversies surrounding Royal Dutch Shell

There have been concerns over Royal Dutch Shell over environmental and health and safety related issues as well as in respect of its businesses practices and priorities.

Shell’s Pearl GTL Proj In Qatar To Start Ops By 1Q 2011

THE WALL STREET JOURNAL SEPTEMBER 27, 2010 DOHA (Zawya Dow Jones)–The first phase of Royal Dutch Shell’s (RDSA) $18 billion Pearl gas-to-liquids, or GTL, project in Qatar will start up in the first quarter of next year, with both production facilities fully operational in the first half of 2012, a company executive said Monday. “We’ll […]

Shell Invests $2 Billion to End Nigerian Gas Flaring After Project Delay

Royal Dutch Shell Plc and partners are investing $2 billion in a program to end natural gas flaring in Nigeria, Africa’s biggest oil producer, after the projects were delayed because of funding and security problems.

The Jorma Ollila legacy at Nokia

Non-Executive Chairman and former CEO of Nokia, Jorma Ollila is currently also the non-executive Chairman of Royal Dutch Shell Plc. Lucky Shell.

Incidents at Shell Group Companies & Joint Ventures

From Addendum #1 to Riding The Dragon Explosions & Fires: 1992-2002 Sampling of Incidents at Shell Group Companies & Joint Ventures Information about the book can be found on Amazon Related comments from a former employee of Shell Oil USA Something on the ‘drins’, etc., from the book ‘Riding the Dragon’. http://gcmonitor.org/article.php?id=148 I found this […]

Shell May Seek to Develop Unconventional Gas Fields in Russia

By Stephen Bierman – Sep 24, 2010 Royal Dutch Shell Plc may seek to develop coal-bed methane in Siberian Russia after a meeting with regional officials. “The Kemerovo region is Russia’s leading coal province and may be of interest for Shell given our expertise and advanced technologies in coal-bed methane,” Vera Surzhenko, a spokeswoman for […]

Shell’s antiquated Arctic drilling fleet

When you consider what Shell is proposing to use in the harsh Arctic environment to drill its exploration wells (the refurbished but antiquated Frontier Discoverer, with the obsolete and beat-up Kulluk as a backup rig), one wonders whether Shell USA management truly understands the nature of the environment they are going to be operating in. […]

Shining a harsh light into the murky world of corporate behaviour

“I suppose Cable’s experience of this murky world came while enjoying his comfortable existence as a well paid employee of Shell.” Comment from the Daily Telegraph article: Emotional Anti-Business Secretary should be an odd man out of a job

Shell found guilty of deceit, misrepresentation and breach of contract

THE SYDNEY MORNING HERALD Shell ‘softened’ damning environmental report to break lease Saffron Howden Friday September 24, 2010 SHELL abandoned an old petrol station in Sydney knowing it was contaminated, then told its health risk assessors to change their report to ”soften” their findings, the Supreme Court has heard. Yesterday Shell Australia was found to […]

Shell, Exxon Shift Away From Refining

Shell, Exxon Shift Away From Refining, Eye Output, JPMorgan Says By Fred Pals – Sep 23, 2010 10:12 AM GMT+0100 The world’s biggest oil companies such as Exxon Mobil Corp. and Royal Dutch Shell Plc will continue to sell refining and other non-core assets and focus on exploration and production to create more value, JPMorgan […]

A blow out in the Arctic would gush free for at least one year

Three years to drill a relief well. I suspected as much. I knew it would take at least a year, perhaps a year and a half, under best conditions. People don’t realize that. So, a blow out in the Arctic will gush free for at least one year. Imagine that. The Kulluk (above) is a […]

Regulators warn drilling oil-spill relief well off Canada’s Arctic coast would take three years

By Andrew Mayeda, Postmedia News August 1, 2010 Workers on the deck of a drill ship set up a well for the Devon Energy Corp. in Canada’s Beaufort Sea. Photograph by: Archive, Calgary Herald OTTAWA – Drilling a relief well in the ice-infested waters of the Beaufort Sea would take at least three years, leaving […]

Shell’s investigation resumes as protest ends

The Irish Times – Wednesday, September 22, 2010 LORNA SIGGINS Western Correspondent SHELL EP Ireland has resumed investigative work on the proposed new Corrib pipeline route in north Mayo, following suspension of activity when two Shell to Sea campaigners boarded one of the drilling rigs. The two campaigners from the Rossport Solidarity Camp secured themselves […]

Shell-PetroChina Takeover of Arrow Means $308 Million Profit for New Hope

The takeover of gas producer Arrow Energy Ltd. by Royal Dutch Shell Plc and PetroChina Co. will generate a A$326 million ($308 million) profit for shareholder New Hope Corp., giving the coal miner more cash for acquisitions.

BP joins effort to contain future Gulf spills

HOUSTON (Reuters) – BP Plc, which permanently sealed its ruptured Gulf of Mexico well this weekend, said on Monday it is joining the industry’s $1 billion effort to contain future subsea oil spills.

ERCB approves Shell’s Muskeg River tailings plan, gives leeway on timelines

CALGARY – Alberta’s energy watchdog has given Shell Canada some leeway in approving the company’s plans to deal with waste from its Muskeg River oilsands mine.

Shell, UN to Back $100 Million Plan for Clean Energy Cookstoves

The United Nations Foundation and Royal Dutch Shell Plc’s Shell Foundation plan to help organize an effort to raise as much as $100 million over five years to provide clean-burning cooking stoves to the world’s poor, according to a document outlining the plan.

A real-time vigil at Shell

Eric Kayne For the Chronicle: Matt Allen, an engineer, works at Shell’s real-time operations center this month in Houston. The center monitors data from wells around the clock. Shore-based engineers for Shell monitor offshore rigs 24/7 from high-tech centers By BRETT CLANTON HOUSTON CHRONICLE Sept. 18, 2010, 8:18PM In the months since the Deepwater Horizon […]

Shell Oil’s CSR Crisis in the North Sea

GreenBiz.com: What Matters Most: Shell Oil’s CSR Crisis in the North Sea: “Shell’s actions — and Greenpeace’s reactions — had created a full-scale international incident.”: “What Greenpeace had helped Shell to realize what that its reputation was a far more valuable and perishable commodity than the Brent Spar itself” Posted 19 Sept 04 The following […]

Despite delays, Shell has robust summer program in Arctic

Pete Slaiby, head of Shell’s Alaska operations, says his company has budgeted $130 million for its 2010 work in the Beaufort and Chukchi seas program. This, despite the federal hold on offshore drilling. PHOTO/Michael Dinneen/for the Journal September 17, 2010 By Tim Bradner Alaska Journal of Commerce Despite another holdup in Arctic outer continental shelf […]

Court Tightens Rules on Overseas Abuse Cases

In a separate opinion in the case, Second Circuit Judge Pierre Leval criticized the majority ruling. “So long as they incorporate,” he wrote, “businesses will now be free to trade in or exploit slaves, employ mercenary armies to do dirty work for despots, perform genocides or operate torture prisons for a despot’s political opponents, or […]