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Posts on ‘February 21st, 2012’

Shell EPA Permits for Alaska Drilling Challenged in Court

By Edvard Pettersson – Feb 21, 2012 8:34 PM GMT

Royal Dutch Shell Plc (RDSA)’s air pollution permits for offshore oil drilling in Alaska were challenged by environmental groups who said the permits violate the U.S. Clean Air Act.

The Alaska Wilderness League and eight other organizations filed a petition with the U.S. Court of Appeals in San Francisco on Feb. 17, asking it to review two permits the U.S. Environmental Protection Agency granted Shell to operate its Discoverer drillship in the Sea of Beaufort and the Sea of Chukchi.

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Shell settles South Africa cartel case

The Competition Commission of South Africa announced on Tuesday that it has reached settlement agreements with two major oil companies, namely Engen Petroleum Limited (Engen) and Shell South Africa Marketing (Pty) Limited (Shell) in which they admit to having fixed the price of bitumen with other oil companies.

The commission said the two companies did so by collectively determining and agreeing on pricing principles, including a starting reference price and monthly price adjustment mechanism. Engen has agreed to pay a penalty of R28,8m and Shell has agreed to pay R 26.3m.

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Shell says appetite for Nigeria exploration waning

Chief amongst complaints by Nigerians is the massive corruption in the sector, which siphons off billions of dollars…

Tue Feb 21, 2012 9:03am EST

* Oil theft, regulatory uncertainty holding back exploration

* Nigeria could double output to 4 million bpd, Shell says

* Oil minister admits problems, sees 2.68 million bpd soon

By Joe Brock

ABUJA, Feb 21 (Reuters) – Attacks on oil pipelines, a dearth of funding from the state oil firm and regulatory uncertainty have dampened appetite for exploration of Nigeria’s huge oil and gas reserves, its biggest producer Royal Dutch Shell said on Tuesday.

In a speech to an oil and gas conference in the capital Abuja, Ian Craig, Shell’s director for sub-Saharan Africa, said Nigeria could produce 4 million barrels of oil per day (bpd) but that big changes would be needed for this to happen.

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Brent oilfield to be decommissioned

Royal Dutch Shell's Brent oilfield, among the largest fields ever found in the UK North Sea, is set to be decommissioned in the near future, a company official said on Tuesday.

EU to vote on oil sands pollution

BBC NEWS: European Union officials are expected to vote on draft legislation that would label Canadian fuel as more polluting than oil from other parts of the world. Oil extracted from "oil sands" is regarded by some as energy intensive and environmentally damaging.

Shell CEO Peter Voser warns Brussels on flood of regulations

Tuesday 21 February 2012

Anglo-Dutch oil giant Royal Dutch Shell has warned the European Commission that Europe’s competitiveness will be ‘paralysed’ by the flood of new financial regulations currently being introduced.

CEO Peter Voser told the Financieele Dagblad he has sent a warning letter to Brussels with a copy to the parliament in The Hague.

Voser decided to raise the matter now because he is concerned the new regulations for the financial market will be widened to include other industries.

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