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Posts from ‘October, 2011’

A Coast Guard Challenge: Arctic Drilling

October 26, 2011, 6:15 pm By WILLIAM YARDLEY As I noted in my article in Wednesday’s paper, Shell Oil has received several preliminary permits to begin drilling exploratory wells off the Arctic coast of Alaska next summer even as foes of drilling there argue that the severe conditions — ice, darkness, brutal storms — will [...]

Shell’s Q3 profits soar on higher oil price

(Reuters) – Royal Dutch Shell Plc (RDSa.L) reported a doubling in profits on Thursday thanks to higher oil prices, robust demand for gas and stronger refining margins, and said it would continue to sell off non-core assets. Europe’s largest oil company by market value said it’s current cost of supply (CCS) net income was $7.2 [...]

Shell’s Profit Soars

OCTOBER 27, 2011 By ALEXIS FLYNN LONDON—Royal Dutch Shell PLC Thursday said its net profit in the third quarter more than doubled, driven by strong oil and rising natural-gas prices as major projects have started to raise production. Net profit for the quarter totaled $6.98 billion, compared with $3.46 billion a year earlier. Revenue was [...]

‘The Pipe’ Norwegian premiere

The project is currently 10 years behind schedule, projected costs have risen from $800 million to $2.5billion, Statoil has had to sell off its retail outlets in Ireland because of the damage to its reputation and internationally the reputation of Statoil has suffered due to its partnership in the Corrib field. CORRIB GAS PROJECT The [...]

Nigerians seek $1 bln from Shell over oil spills

Tue Oct 25, 2011 5:47am GMT ABUJA (Reuters) – A Nigerian community from the oil-rich Niger Delta has filed a lawsuit in the United States seeking $1 billion in compensation from Anglo-Dutch oil major Shell for decades of pollution caused by oil spills. Last week the U.S. Supreme Court agreed to decide if companies can [...]

Economic benefits will likely win Keystone XL approval: Shell

Christine Dobby Oct 24, 2011 – 5:41 PM ET TORONTO — The U.S. government is likely to approve the Keystone XL pipeline in part because of the economic benefits that would come along with the controversial US$7-billion project, the head of Royal Dutch Shell’s North American operations, predicted Monday. In fact, the economic benefits attendant [...]

Enviro Groups Challenge Permits For Shell’s Arctic Oil Drilling

Oct 24, 2011 By Tennille Tracy, Of DOW JONES NEWSWIRES WASHINGTON -(Dow Jones)- Environmental groups have filed a formal challenge to air-quality permits that Royal Dutch Shell needs to drill for oil in the Arctic. The challenges, filed Monday, represent the latest effort to block Shell ( RDSA, RDSB, RDSA.LN, RDSB.LN) from drilling off the coast of [...]

Free access to US court documents filed against Royal Dutch Shell claiming $1B in damages

Due to the Defendants’ oil exploration in the Plaintiffs land and failure by Shell and others to meet minimum Nigerian or own standards, the Plaintiffs community is now characterized by heavy contamination of land and underground water courses, sometimes more than 40 years after oil was spilled. By John Donovan We have purchased from the [...]

Taliban threatens to attack Shell Pakistan, Pakistan State Oil

Oct 23, 2011, 03.46PM IST ISLAMABAD: The Pakistani Taliban have threatened to attack installations of Shell Pakistan and the state-run Pakistan State Oil if the two firms do not pay a total of Rs 400 million within 20 days as extortion money, a media report said on Sunday. “I had personally spoken to the managing [...]

Shell Wins U.S. Air Permit for Oil Exploration Off Alaska

By Katarzyna Klimasinska – Oct 21, 2011 10:46 PM GMT+0100 Royal Dutch Shell Plc (RDSA) won a final U.S. air-pollution permit to operate an oil-exploration rig in Alaska’s Beaufort Sea beginning in 2012. Shell is authorized to use its Kulluk rig and supporting icebreakers and oil-spill response vessels for 120 days each year in the [...]

Nigeria Village Files $1B Suit Against Shell in U.S.

A village in Nigeria’s oil-rich southern delta where observers found a drinking-water well polluted with benzene 900 times the international limit has sued Royal Dutch Shell PLC for $1 billion in a U.S. federal court. Published October 21, 2011 | FoxNews.com LAGOS, Nigeria– A village in Nigeria’s oil-rich southern delta where observers found a drinking-water [...]

New research reveals Shell paid militants who destroyed Nigerian towns

PLATFORMLondon.org Monday 3 October 2011 Shell fuelled human rights abuses in Nigeria by paying huge contracts to armed militants, according to a new report published today by Platform and a coalition of NGOs and featured in The Guardian. [1] Counting the Cost implicates Shell in cases of serious violence in Nigeria’s oil-rich Niger Delta region [...]

Shell false claims over FuelSave featured on BBC TV Watchdog programme

By John Donovan For getting on to a hundred years, Shell has claimed that its petrol is better quality and delivers more miles per gallon than rival brands, as per the example of one such advert from October 1925. Fortunately for Shell, there was no UK Advertising Standards Authority in existence to rule on whether [...]

Lawsuit against Shell should be a no-brainer to decide

Published: October 20 The Supreme Court has agreed to hear a case pitting a group of Nigerians against Royal Dutch Shell, which has been accused of complicity in torture and executions in Nigeria. According to an Oct. 18 news story, “The lower [U.S.] courts are divided about whether only an individual may be sued under the [...]

Nigerians seek $1 billion from Shell for oil spills

CHICAGO — A Nigerian tribal king filed a lawsuit in a US court seeking $1 billion from Royal Dutch Shell to compensate for decades of pollution that sickened his people and damaged their lands, his lawyer said Thursday. The suit was filed a day after the US Supreme Court said it will consider a lawsuit [...]