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Posts on ‘December 2nd, 2010’

Shell to be prosecuted over Bacton gas terminal fire

Royal Dutch Shell is facing “serious” charges for alleged environmental and safety problems connected to a fire at its Bacton gas terminal almost three years ago. The price of Brent crude oil jumped to more than $100 per barrel when the fire broke out at a water treatment plant at Bacton gas terminal in February [...]

Iraqi oil reserves looking bullish

Published: Dec. 2, 2010 at 10:39 AM LEXINGTON, Mass., Dec. 2 (UPI) — If all things go according to production plans in Iraq, oil production there could outpace Saudi Arabia within roughly seven years, an analyst said. Supermajors Royal Dutch Shell and Exxon Mobil said they could eventually produce around 2.8 million barrels of oil [...]

US rethink on oil stance angers industry

Financial Times By Ed Crooks in New York Published: December 2 2010 00:26 | Last updated: December 2 2010 00:26 Oil and gas drilling in Arctic waters off Alaska faces further delays, while areas in the eastern Gulf of Mexico and off the US southern Atlantic coast will remain off-limits, the government said on Thursday, [...]

Royal Dutch Shell: History vs Present Behavior

“Mr V enjoys a new +22% salary up from 3.2M in ?09 to 4.4M. Now don?t get me wrong, he did an excellent job of getting rid of ~6000 employees and made sure all who followed the rules were also rewarded, whether they drank too much, sexually accosted their underlings, had sex on company property, [...]

Shell encouraged by Salazar’s Arctic oil plans

Wed Dec 1, 2010 10:53pm GMT * Shell Alaska drill permit being considered * Shell says plans to drill in 2011 * Administration may allow Alaska lease sales from 2012 By Yereth Rosen ANCHORAGE, Alaska, Dec 1 (Reuters) – Royal Dutch Shell (RDSa.L: Quote), which has invested over $3.5 billion since 2005 in a program [...]

Shell and Gazprom sign ‘global co-operation’ pact

Deal will give Shell access to Russia’s huge oil and gas reserves Tuesday 30 November 2010 19.05 GMT Tim Webb In 2006, Shell was forced to halve its controlling stake in Sakhalin II and hand control to Gazprom following intense pressure from the Kremlin. Photograph: Newscast/Jess Jones/EPA Almost four years after Shell was forced to [...]

Gazprom and Shell to develop energy projects together

The Telegraph: Gazprom and Shell to develop energy projects together A new “special relationship” between Royal Dutch Shell and Russian state gas giant Gazprom will see the two companies develop more energy projects together. Shell has agreed to let Gazprom share some of its projects abroad if it is allowed to help develop the third [...]

Barack Obama reverses on offshore drilling

The admin is reviewing drilling and safety standards in the wake of the Gulf of Mexico spill. | AP Photo By DARREN GOODE | 12/1/10 12:03 PM EST The White House?s uneasy on again, off again relationship with offshore oil drilling is off again. Wednesday, the Interior Department said it would not propose oil exploration [...]