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Posts on ‘June 20th, 2012’

Motiva expansion cost in range of $10 billion: Saudi Aramco CEO

PORT ARTHUR, Texas | Thu May 31, 2012 2:37pm EDT (Reuters) – Saudi Aramco SDABO.UL Chief Executive Khalid Al-Falih said the total cost of expanding the Motiva Enterprises MOTIV.UL Port Arthur, Texas, refinery to 600,000 barrels per day (bpd) was “in the range of” $10 billion, double its original estimate. The Port Arthur refinery is [...]

Tax is no deterrent for investors, says Shell boss

David Wroe: June 21, 2012 THE chief executive of Shell, Peter Voser, has applauded the Gillard government’s $23 carbon price, saying it should not deter investment in Australian resources projects and countries that failed to follow suit would fall behind. Shell, the world’s second-largest energy firm, is investing more than $30 billion in Australia in [...]

Shell in the dock over major oil spills in Nigeria

By Ben Amunwa: 18 June 2012 Shell will appear in the High Court in London today to be held accountable for its oil spills in the Niger Delta region of Nigeria. Over 11,000 Nigerians from Bodo town in the Ogoni region of the Delta are suing Shell over the environmental damage caused by two devastating [...]

Shell in the USA

FROM A REGULAR CONTRIBUTOR John, I read your blog today and the article about how much Shell hopes to gain financially from any discoveries it makes in the offshore Arctic. Market Report: $10bn if Shell cracks it with Arctic drilling The estimate of $10 billion is way low, I believe. My guess is that Shell’s [...]

Kiobel v. Royal Dutch Petroleum Co: Harvard Law School Intervention

U.S. Supreme Court: Harvard Lawyers Reflect Spirit of American Revolution, says Dr. Goodluck Diigbo MOSOP President and Spokesman, Dr. Goodluck Diigbo has welcomed the filing by the Harvard Law School’s International Human Rights Clinic of an amicus curiae brief with U.S. Supreme Court in the case, Kiobel v. Royal Dutch Petroleum Co. as a significant [...]

Market Report: $10bn if Shell cracks it with Arctic drilling

Toby Green Wednesday 20 June 2012 Environmentalists may want to look away now. Royal Dutch Shell’s search for oil in the Arctic has not been short of controversy, coming under attack from, among others, Xena: Warrior Princess actor Lucy Lawless, who earlier in the year boarded one of the energy giant’s ships in protest against [...]

Shell Faces Pushback As Alaska Drilling Nears

June 19, 2012 by Richard Harris The federal government could soon give the final go-ahead for Royal Dutch Shell to begin drilling for oil in the Arctic Ocean. Shell has spent $4 billion since 2007 to prepare for this work, and is hoping to tap into vast new deposits of oil. But the plan to [...]