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Posts from ‘October, 2010’

Dirty Oil

Senators raise concerns on oil sands pipeline By Ayesha Rascoe WASHINGTON (Reuters) – Nearly a dozen U.S. Senators on Friday raised questions about the need for a proposed $7 billion pipeline that they said will bring “dirty oil” from Canadian oil sands to U.S. refineries and significantly increase the country’s reliance on fossil fuels. The […]

Royal Dutch Shell trading with the enemy, Iran

Contribution from a former employee of Shell Oil USA Both the UK and the US have statutes entitled: ‘Trading with the Enemy Act’. The UK’s was passed in 1939 and the US’s in 1917. Royal Dutch Shell’s army of attorney’s have obviously found loop holes in these and other statutes that allow Shell to continue […]

Operating Blind in Deepwater

An analysis of the sequence of events on the 20th April which led to the disaster on Deepwater Horizon By Bill Campbell, Retired HSE Group Auditor, Royal Dutch Shell. Operating Blind in Deepwater Only minutes before the blowout on Deepwater Horizon on 20th April everything was reported as being in order.  The negative pressure test […]

Shell profits flow faster as oil prices rise and new ventures deliver

Canadian oil sands field starts production and projects are planned in the Gulf of Mexico – where BP’s Deepwater disaster has so far cost Shell $115m Tim Webb: Friday 29 October 2010 Trucks carry loads of oil-laden sand in Alberta, Canada, where Shell has 13 projects scheduled to come on stream. Photograph: Jeff Mcintosh/AP Shell […]

Inquiry Puts Halliburton in a Familiar Hot Seat

By BARRY MEIER and CLIFFORD KRAUSS A version of this article appeared in print on October 29, 2010, on page A20 of the New York edition. Halliburton is back in the spotlight, and once again, in an uncomfortable way. In recent years, the giant energy services company has found itself under scrutiny over allegations that […]

Retired Shell Global Chief Petroleum Engineer Iain Percival speaks out…

Comment by Iain Percival on Bloomberg article… Shell Says Repercussions of U.S. Drilling Moratorium Could Last Into 2012 Messers Pals & Kennedy of Bloomberg really ought to research a topic before writing about it. Just what is meant by “Shell is targeting hard-to-reach rock formations in Australia, the U.S. and China”? Coal seams for CBM […]

Royal Dutch Shell writes off $1B in oilsands assets

Royal Dutch Shell is assigning higher priority to its Carmon Creek in situ project near Peace River and its ongoing expansion at the Athabasca Oil Sands Project near Fort McMurray, said chief financial officer Simon Henry. Photograph by: BEN STANSALL, AFP/Getty Images CALGARY – Royal Dutch Shell is writing off about $1 billion in oilsands […]

Shell Profits Surge 88% On Higher Output,Refining

OCTOBER 28, 2010 By James Herron Of DOW JONES NEWSWIRES LONDON (Dow Jones)–Royal Dutch Shell PLC (RDSB.LN) Thursday beat analysts’ forecasts to post an 88.4% rise in adjusted profit for the third quarter, driven by higher output and greater demand for refined products and chemicals. The results show how the company is reaping the rewards […]

Shell OK with dealing in Iranian crude

Published: Oct. 28, 2010 LONDON, Oct. 28 (UPI) — Royal Dutch Shell is still dealing with Iranian crude oil shipments under current contracts, the company’s chief financial officer said Thursday. Simon Henry, Shell’s top financial official, said his company was still taking delivery of Iranian crude oil under the terms of its existing contracts with […]

Royal Dutch Shell confirms that it is continuing to trade with Iran

Shell studies oil trade impact of EU Iran sanctions By Alex Lawler LONDON | Thu Oct 28, 2010 7:47am EDT (Reuters) – Royal Dutch Shell Plc (RDSa.L) said it would assess any impact of European sanctions on its oil trade with Iran and had stopped some activities there following tougher U.S. measures earlier this year. […]

Shell Says Repercussions of U.S. Drilling Moratorium Could Last Into 2012

By Fred Pals and Eduard Gismatullin – Oct 28, 2010 11:53 AM GMT+0100 Royal Dutch Shell Plc, Europe’s largest oil company, warned that the knock-on effects of the temporary ban on new deep-water drilling in the Gulf of Mexico could last for the next two years. Shell has booked charges of $115 million to date […]

Royal Dutch Shell To Sell Majority Of Refining, Marketing Businesses

httpv://www.youtube.com/watch?v=b4XtK6zTpNc&feature=youtube_gdata

Shell Reports Increase in Profit as Oil Prices Climb

By Fred Pals – Oct 28, 2010 7:12 AM GMT+0100 Royal Dutch Shell Plc, Europe’s largest oil company, posted a 7 percent increase in third- quarter profit as a recovery in energy demand lifted oil prices. Net income rose to $3.46 billion from $3.25 billion a year earlier, The Hague-based Shell said in a statement […]

Shell’s Net Profit Climbs 6.5%

OCTOBER 28, 2010 By JAMES HERRON LONDON—Royal Dutch Shell PLC on Thursday posted a 6.5% rise in third-quarter net profit, helped by higher oil and gas prices, higher output and greater cost efficiency. The Anglo-Dutch energy giant said net profit rose totaled $3.46 billion from $3.25 billion a year earlier. The bottom line was affected […]