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Nigeria’s ex-oil minister ‘arrested in London’

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Screen Shot 2015-09-17 at 07.55.40…one of five people as part of an investigation into suspected bribery and money laundering. $20bn of oil money had gone missing…

Screen Shot 2015-10-02 at 23.43.192 Oct 2015

Nigeria’s former oil minister Diezani Alison-Madueke has been arrested in London, her family has said.

She is believed to be one of five people the UK National Crime Agency said it had arrested, but did not name, as part of an investigation into suspected bribery and money laundering.

Ms Alison-Madueke was oil minister between 2010 and 2015.

She denied wrongdoing when it was alleged that $20bn of oil money had gone missing when she was in office.

That accusation was made by Nigeria’s central bank governor Sanusi Lamido Sanusi in February 2014. Mr Sanusi was sacked soon after, accused of financial recklessness himself.

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Greenpeace hold Titanic protest over Shell’s Arctic drilling plans

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Screen Shot 2015-07-31 at 19.22.09Press Association: 3 August 2015

Environmental campaigners have begun a month of protests over oil giant Shell’s efforts to drill in the Arctic with a Titanic-themed orchestral performance.

Greenpeace is holding protests outside Shell’s London headquarters against the company’s attempts to undertake oil drilling in the Arctic, which the campaigners warn could lead to environmental disaster and worsen climate change.

The protests began with a performance of Requiem for Arctic Ice, an orchestral piece inspired by the famous story of the musicians continuing to play as the Titanic sank after it hit an iceberg, by the Crystal Palace Quartet and supporting musicians.

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Shell’s former chair calls fossil fuel divestment ‘rational’

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Shell’s former chair calls fossil fuel divestment ‘rational’

By Steve Hargreaves: 4 June 2015

The former chairman of Royal Dutch Shell said selling oil stocks is a “rational” response to the failure of the oil industry to take meaningful action on climate change.

He is the latest to lend support to the growing campaign for investors to dump shares of fossil fuel companies.

“Divestment is a rational approach,” Mark Moody-Stuart was quoted by the Guardian as saying during a recent dinner in London. “If you think your money can be used somewhere else, you should switch it. Selective divestment or portfolio-switching is actually what investors should be doing.”

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Shell launches agreed £47bn bid for UK gas producer BG Group

Screen Shot 2015-04-08 at 08.12.04Guardian article by Julia Finch published 7 April 2015

Shell launches agreed £47bn bid for UK gas producer BG Group

BG confirmed on Wednesday that it was offering a cash and shares deal worth £13.67 a share – a 50% premium on BG’s market value on Tuesday night, when news of the deal first leaked.

Ben van Beurden, chief executive of Shell, said: “Bold, strategic moves shape our industry. BG and Shell are a great fit. This transaction fits with our strategy and our read on the industry landscape around us.”

Shell chairman, Jorma Ollila, said the deal was an important one for Shell: “The result will be a more competitive, stronger company for both sets of shareholders in today’s volatile oil price world.”

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Oil plunges to a 6-year low. Is $30 a barrel next?

Screen Shot 2015-03-16 at 23.38.17CNNMoney (New York) March 16, 2015: 5:39 PM ET

Extremely cheap oil is back, and it may get even cheaper. Crude plunged 4% to as low as $42.85 a barrel on Monday. That’s the lowest price since March 2009 and marks the fifth consecutive day of losses.

EXTRACTS

A month ago, people were talking about an “oil comeback.” Now that looks like ust a mirage. More and more analysts predict prices of $40 or lower, at least in the near term.

“I think the market almost has to have a $30-handle on it before it gets this out of its system,” said Tom Kloza, chief oil analyst at the Oil Price Information Service.

That could cause gas prices to take another tumble, Kloza says, bringing the average U.S. price back to around $2 a gallon. It’s currently at $2.42.

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Esther Kiobel castigates UK and Dutch joint intervention in U.S. Supreme Court Case

Esther Kiobel of Kiobel-v-Shell fame speaking at an Amnesty International Event

By John Donovan

Amnesty International published an article in April 2014 revealing that the British government had intervened on the side of Royal Dutch Shell in the Kiobel-v-Shell case before the U.S. Supreme Court  and had done so after being lobbied by Shell. A related document obtained in response to a Freedom of Information request confirmed that the Dutch government joined Shell in the representations made to the U.S. Supreme Court. Seems safe to assume that Shell also made representations to the Dutch government. 

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Shell still No.1 on Fortune Global 500 List 2013

Screen Shot 2013-07-09 at 15.50.47 Screen Shot 2013-07-09 at 15.51.35 Rank: 1 Previous rank: 1 CEO: Peter R. Voser Employees: 87,000

Last year, Shell held the number one spot on the Fortune Global 500 list and was pushing to drill in the Arctic. This past March, the U.S. government blocked the company from drilling until it can provide a more convincing plan for exploring the region. The company has also paused another risky endeavor — one of its pipelines in Nigeria that caught fire this summer. Shell shut it down and began investigating the cause of the fire in late June.

Shell, however, remains strong. Its earnings for the first quarter of 2013 beat analyst expectations. Despite problems with certain drilling projects, the company continues to rake in money from various assets, one of which is its profitable Pearl gas-to-liquid plant in Qatar.

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BP is still one big toxic mess

With a $130 billion market cap, and billions of dollars in unknown liabilities, BP is still one big toxic mess.

Why BP is not a takeover target

By Cyrus Sanati: November 26, 2012: 9:35 AM ET

FORTUNE — It’s one of the largest companies in the world. Could it really be a takeover target?

Some in the industry see BP as fresh deal meat following the company’s long-awaited settlement with U.S. authorities in connection with the Deepwater Horizon oil spill. But while such a mega-merger may make Wall Street bankers salivate, even after selling off billions of dollars in assets, BP simply remains too big and too risky to buy. Specialization is the name of the game these days in the oil patch. BP would need to break up into more manageable pieces before any oil major would consider opening its wallet.

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Farmers sue oil giant Shell over Niger Delta pollution

(CNN) — Four Nigerian farmers and the environmental group Friends of the Earth took oil giant Shell to court Thursday in the Netherlands to demand a proper cleanup and compensation for pollution in the Niger Delta.

The farmers want the Anglo-Dutch multinational to “clean up the oil pollution in their fields and fishponds” and make sure their pipelines are maintained and kept secure to prevent leaks in the future.

The civil case has been filed against the Nigerian subsidiary of Shell, the Shell Petroleum Development Company (SPDC), and its international headquarters in the Netherlands, Royal Dutch Shell.

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Supreme Court holds U.S. rights legacy in the balance

By Vincent Warren, Special to CNN September 27, 2012 — Updated 1834 GMT (0234 HKT)

(CNN) — An argument before the Supreme Court on October 1 in Kiobel v. Royal Dutch Petroleum will have enormous significance. The case concerns the torture of Ogoni leaders in Nigeria, but at stake is the future of the law under which this case was brought, the Alien Tort Statute.

The United States stands at a crossroads. At its best, our nation has played a crucial role in championing human rights throughout the world and pioneering human rights law. At its worst, it has abandoned its lofty ideals in the name of realpolitik and supported dictators and policies that were responsible for horrible abuses.

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Shell settles fraud case for $150M

FROM OUR AUGUST 2004 SHELL NEWS ARCHIVE

CNN: Shell settles fraud case for $150M

Oil company agrees to pay SEC for overstating reserves, also settles market abuse case in Britain.

August 24, 2004

NEW YORK (CNN/Money) – Royal Dutch/Shell has agreed to pay about $150 million to settle charges by U.S. and British regulators that it vastly overstated oil reserves.

Under the settlement, Shell has also agreed to commit another $5 million to establish an internal compliance program under the direction and oversight of the company’s legal director, the Securities and Exchange Commission said in a statement.

The company units cited by the SEC, Royal Dutch Petroleum and Shell Transport, neither admitted to or denied any wrongdoing, the commission said.

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Shell Oil’s multibillion dollar Arctic hoax

Shell Oil’s multibillion dollar Arctic hoax

By Travis Nichols, Special to CNN August 1, 2012 — Updated 1911 GMT (0311 HKT)

Editor’s note: Travis Nichols is a polar and oceans media officer with Greenpeace USA.  He collaborated with the Yes Lab and Occupy Seattle on the ArcticReady.com website and the #shellFAIL video campaign.  He is the author of “Off We Go Into the Wild Blue Yonder” (Coffee House Press) and “See Me Improving” (Copper Canyon Press).

(CNN) — A recent CNN.com op-ed asked “Was the Shell Oil hoax ethical?” We at Greenpeace, along with the activist group Yes Men, are behind the Shell Oil website ArcticReady.com, which we created to call attention to the company’s Arctic destruction. So we were intrigued by this question.

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Why we should look to the Arctic

By Bob Reiss, Special to CNN July 16, 2012 — Updated 1717 GMT (0117 HKT)

Editor’s note: Bob Reiss, a former reporter at the Chicago Tribune, is the author of 18 books, including the just published, “The Eskimo and the Oil Man.” He can be seen this week on CNN as part of the “Erin Burnett OutFront” series on the Arctic at 7 pm ET.

(CNN) — Most Americans think of the Arctic as an icy, distant place; beautiful, remote and teeming with wildlife, but unrelated to their daily lives. Nothing could be further from the truth.

This summer, big doings on America’s northern doorstep will have enormous consequences to the economic, strategic and environmental future of the nation. Yet we are unprepared for the challenges and opportunities.

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Alaska drilling: From ‘hell no!’ to … ‘OK’

By Paul Vercammen and Thom Patterson, CNN July 17, 2012 — Updated 1456 GMT (2256 HKT)

Barrow, Alaska (CNN) — Edward Itta, a powerful Eskimo leader, looks out at the icy Arctic Ocean stretched out under a fuzzy orange sun that refuses to set this time of year.

“This is our garden,” said the former mayor of the North Slope Borough, a county-style government covering an area as big as Wyoming.

Itta’s garden, the Arctic Ocean, is filled with the whales, seals, walruses and fish the Inupiat Eskimos still need to survive.

But many Inupiats think “their garden” is being threatened by an international oil rush to get at what may be a treasure trove of more than 25 billion barrels of crude.

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Oil: Only part of the Arctic’s massive resources

By Steve Hargreaves @CNNMoney July 17, 2012: 5:15 AM ET

NEW YORK (CNNMoney) — When Royal Dutch Shell sinks five wells off Alaska — slated for next month — it will be the first drilling in U.S. Arctic waters in decades.

Yet it will be just the latest in a slow-moving but steady push to tap the Arctic’s vast natural resources.

Encouraged by high commodity prices and shrinking sea ice, everyone from Big Oil to the cruise industry is eager to get in on the Arctic’s riches.

Oil and Gas: Perhaps the most high profile of the Arctic’s natural resources, oil and natural gas also seem to be the most plentiful.

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Shell Oil ship slips anchor; incident raises questions about Arctic drilling plan

By Paul Vercammen and Chelsea J. Carter, CNN July 16, 2012 — Updated 0642 GMT (1442 HKT)

(CNN) — One of the ships that Shell Oil plans to use to drill in the Arctic slipped its mooring and drifted close to one of Alaska’s Aleutian Islands, the latest in a string of incidents to arise around the controversial project.

The Noble Discoverer was about 175 yards from shore in Unalaska Bay when it slipped its mooring Saturday and drifted towards shore near Dutch Harbor, Coast Guard Petty Officer Sara Francis said.

“There are no reports of injuries, pollution and damage to the Noble Discoverer,” she said Sunday night.

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Greenpeace to monitor Shell Arctic drilling with submarines

By Steve Hargreaves @CNNMoney June 8, 2012: 6:47 AM ET

NEW YORK (CNNMoney) — Greenpeace plans on deploying two submarines to keep tabs on Royal Dutch Shell when the oil company starts drilling in the Arctic, which could begin as soon as next month.

The subs, a two-person and a one-person craft, are currently on board the Greenpeace ship Esperanza, docked in Seattle.

The Esperanza plans on tailing Shell’s drilling fleet, also docked in Seattle, when the fleet leaves for Arctic waters. Shell is waiting for the last batch of federal permits, expected any day, before deploying its ships.

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Concerns over ‘insanity’ of Shell South Africa fracking plans

Western Cape, South Africa (CNN) — South Africa has an energy deficit on its hands. Too many people want fuel for their cars and electricity for their homes, and the country is struggling to keep up with demand.

To help ease this perceived crisis the big companies want to start drilling for natural gas using a controversial drilling technique called fracking. Under the plans the drilling will be done in one of the most remote and beautiful places in South Africa, the Karoo.

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Big Oil sees energy bonanza ahead

Oil industry executives appearing Tuesday at the World Petroleum Congress in Doha, Qatar.

DOHA, Qatar (CNNMoney) — Just three years after fears of an energy supply shortage, executives of the world’s leading oil companies now foresee a bonanza of oil and natural gas on the horizon.

In 2008, concern that a rapidly developing world was eating through all its energy supplies helped push prices to record levels, with oil hitting $147 a barrel and natural gas topping $15 per million cubic feet.

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The end of Big Oil? Not so fast.

BP’s Wytch Farm oil well in Poole, England

August 5, 2011: 5:00 AM ET

Splitting up energy giants may make sense while oil prices are as high as they are today, but it may not be worth the organizational headache for Big Oil to break apart.

By Shelley DuBois, writer-reporter

FORTUNE — Big Oil may be going out of style, but it is certainly not going away.

With major players like ConocoPhillips (COP) and Marathon (MRO) splitting up, industry leaders and the market are starting to question the model of the huge, integrated oil company that handles every portion of the business, from plumbing crude out of the ground to selling it at the gas tank.

But just because the Big Oil’s big business model is being questioned — and rightfully so — doesn’t mean it’s going anywhere.

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BP: ‘An accident waiting to happen’

When Tony Hayward took over BP in 2007 - after the oil giant had experienced a series of calamitous accidents - he vowed that safety would be his top priority. So how did he come to preside over one of the worst industrial disasters in history? A Fortune investigation reveals a saga of hubris, ambition, and a safety philosophy that focused too much on spilled coffee and not enough on drilling disasters.

Shell: We’ll produce more gas than oil by 2012

Interview by Shelley DuBois December 15, 2010: 3:25 PM ET

FORTUNE — Slowly but surely, the energy landscape in America and around the globe is changing. Crude is still king, but oil and gas companies are increasingly folding in more and different assets.

Shell (RDSA), for example, has purchased and developed tons of natural gas assets, even though the commodity sells for cheap in the current market. To get some insight into Big Oil’s strategy for the future of energy, Fortune spoke with President of Shell Oil Company, Marvin Odum. Odum filled us in on the long-term natural gas outlook, drilling in the Gulf after BP (BP) muddied the industry’s reputation and why Shell feels like oil sands are cleaner than you think.

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royaldutchshellplc.com Wikipedia article December 2007 version

From Wikipedia, the free encyclopedia Revision as of 19:16, 24 December 2007

Death and oil in Niger Delta’s illegal refineries

CNN

By Christian Purefoy, CNN// <![CDATA[ // // <![CDATA[ // -1) {document.write('August 3, 2010 -- Updated 1322 GMT (2122 HKT)');} else {document.write('August 3, 2010 9:22 a.m. EDT');} // ]]>August 3, 2010 — Updated 1322 GMT (2122 HKT) STORY HIGHLIGHTS

  • Illegal refineries distill diesel from crude oil by heating over naked flames
  • Worker: “I cannot count the number of people who have died in explosions”
  • Nigeria is major oil exporter, but most in Niger Delta live on less than $2 a day
  • Shell managing director estimates around 100,000 barrels stolen a day

Niger Delta, Nigeria (CNN) — The young man, his body glistening with black oil and sweat, poured more oil onto the fire. The flames roared, heating two barrels of oil to explosive temperatures. He escaped to a safer distance, a slight smile breaking his grim face ­– he had survived.

“This job is very dangerous,” he explains, asking to remain anonymous. “The smoke, the heat ­– I cannot count the number of people who have died in explosions because they cannot escape the flames.”

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FORTUNE GLOBAL 500 RANKING BY REVENUE WORLD’S LARGEST CORPORATIONS: 2010

Number 1: Wal-Mart Stores

Number 2: Royal Dutch Shell

Number 3: Exxon Mobil

Number 4: BP

Number 5: Toyota Motor

RANKINGS FOR FIRST 100

Nigerians angry at oil pollution double standards

CNN

By Christian Purefoy, CNN// // -1) {document.write('June 30, 2010 -- Updated 1133 GMT (1933 HKT)');} else {document.write('June 30, 2010 7:33 a.m. EDT');} // ]]>June 30, 2010 — Updated 1133 GMT (1933 HKT) Niger Delta, Nigeria (CNN) — Nigeria’s Niger Delta is one of the most oil-polluted places on the planet with more than 6,800 recorded oil spills, accounting for anywhere from 9 million to 13 million barrels of oil spilled, according to activist groups.

But occurring over the 50 years since oil production began in the Delta, this environmental disaster has never received the attention that is now being paid to the oil-spill catastrophe hitting the U.S. Gulf coast.

“The whole world is trembling and even the president of America had to do a personal visit to the site. The U.S. will have put serious measures in place to stop such situations happening in the future,” said Ken Tebe — a local environmental activist who is visibly shaken by what he regards as a double standard.

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BP could be ripe for takeover

CNNMoney.com

By Aaron Smith, CNNMoney.com staff writerJuly 1, 2010: 12:20 PM ET

NEW YORK (CNNMoney.com) — BP’s stock price has fallen far enough for the oil company to become an attractive takeover target for its biggest rivals, according to industry analysts.

BP’s (BP) stock finished at $28.88 Wednesday, a plunge of more than 50% from its close of $60.09 on April 19, the day before its leased oil rig, the Deepwater Horizon, exploded and sank in the Gulf of Mexico.

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Essar Oil hit by a steep fall in crude-oil prices

Essar, which plans to have a refining capacity of one million barrels a day, is in talks to buy three European refineries from Royal Dutch Shell PLC. In July, Essar acquired a 50% stake in 80,000-barrel-a-day Mombasa- based Kenya Petroleum Refineries Ltd. from Shell, Chevron Corp. and BP PLC.

Shell pledges $100,000 to aid Haitians affected by the earthquake

CNNMoney.com

Shell Announces Disaster Relief Support for Haiti

January 15, 2010: 06:30 PM ET //

HOUSTON, Jan. 15 /PRNewswire-FirstCall/ — Shell Oil Company and Motiva Enterprises, LLC are donating $100,000 to the American Red Cross to aid in disaster relief and recovery efforts in Haiti.

“This is a trying time for Haiti and a chance for the rest of the world to lend a hand to those in need,” says Marvin Odum, president of Shell Oil Company. “Shell has a long track record of supporting disaster relief efforts. The people of Haiti are in our thoughts and prayers.”

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Shell Withdraws From Sinopec, Kuwait Refinery Project

BEIJING -(Dow Jones)- Royal Dutch Shell (RDSA.LN) is no longer involved in talks on joining China Petroleum and Chemical Corp. (SNP), known as Sinopec, and Kuwait Petroleum Corp. in a major refinery project in China, opening the way to other international oil companies to join the venture.

Meet Shell’s new CEO

CNNMoney/Fortune Magazine

Peter Voser

Peter Voser, head of the world’s largest oil company, is shaking things up.

By Peter Gumbel, Europe editor

July 8, 2009: 8:33 AM ET

(Fortune Magazine) — Royal Dutch Shell this year has toppled Exxon Mobil from the top of the list of Fortune Global 500 companies, just as the Dutch oil company gets a new CEO. Peter Voser, 50, is a Swiss finance expert and Shell veteran who left the company in 2002 to help turn around the Swiss engineering firm ABB, and then came roaring back two years later.

Even before he took the helm on July 1, Voser signaled that Shell was in for some internal upheaval under his leadership. In late May he fired off a companywide memo complaining that costs were too high, the organization was too complex, and its culture “too consensus-oriented.”

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Why oil is on the rise again

Oil shot past $70 a barrel last week, meaning the cost per barrel has doubled since hitting a low in mid-February. And the swiftness of that move has plenty of observers wondering if we're headed toward another period of even more dramatic price gains. Among the oil insiders worried about such a scenario is Royal Dutch Shell CEO Jeroen van der Veer, a 38-year veteran of the energy giant, who is scheduled to retire June 30...

Sakhalin Energy Halts 09 Seismic Work To Protect Whales – WWF

CNNMoney.com

Dow JonesApril 24, 2009: 11:50 AM ET

LONDON -(Dow Jones)- Sakhalin Energy, which recently started a large liquefied natural gas plant in Russia’s far east, has canceled all planned 2009 seismic surveys following pressure from environmental groups and scientists seeking to protect the habitat of the Western Gray Whale, the Russian branch of the World Wildlife Fund said in a statement Friday.

The WWF Russia called on other companies operating in the area -BP PLC (BP), ExxonMobil Corp. (XOM) and OAO Rosneft (ROSN.RS) – to take similar action.

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Shell To Pay $10 Bln Of Dividends; Production Not Replaced

Separately, Shell in a 20-F filing said Van Der Veer's total pay, including salary and bonus, was $8.34 million in 2008. Brinded earned $4.14 million, Cook earned $3.87 million, the retiring Rob Routs earned $5.16 million and CFO Peter Voser earned $3.59 million.

Low Oil Price, Econ Crisis May Cut Kashagan Costs – Shell

CNNMoney.com

March 10, 2009: 07:12 AM ETDow Jones

ALMATY, Kazakhstan -(Dow Jones)- Low oil prices and the economic crisis may cut costs of development at Kazakhstan’s largest oil field Kashagan, Royal Dutch Shell PLC’s (RDSA) general manager for the Caspian region said Tuesday.

“The economic situation and low oil prices should allow us to bring the cost down,” Campbell Keir told reporters. “But we’re continuing to invest.”

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Shell Halts Some Nigeria Oil Shipments After Attack

LONDON -(Dow Jones)- Royal Dutch Shell PLC (RDSA) Monday said a recent militant attack on a Nigeria oil pipeline had forced it to halt deliveries to many customers, in an indication of the worsening security situation in one of Shell's most important markets.

Athabasca Oil Sands Expansion Costs Jump To $13.7 Billion

OTTAWA -(Dow Jones)- Project costs for a 100,000-barrel-a-day expansion at Royal Dutch Shell PLC's (RDSA) Athabasca Oil Sands Project have climbed to $13.7 billion, partner Chevron Corp.(CVX) said in a filing with the SEC.

Shell CEO: Projects Profitable At Current Energy Prices

"Nearly all of our projects will be profitable at present energy prices," Chief Executive Jeroen van der Veer told an audience at the Cambridge Energy Research Associates' annual energy conference.

Will 100 yrs of ruthless rivalry end with ExxonMobil buying Shell?

The military tone of articles published 90 years ago in the New York Times provide insight into the depth of intense rivalry between the oil giants which sometimes descended into open warfare. The opening salvo was fired in an article published on 16 January 1928 under the dramatic headline: “N.Y. STANDARD OIL DECLARES WAR UPON DUTCH SHELL GROUP“.

Exxon: Waiting for the tiger to pounce

Is Shell in Exxon's sights? A deal with Shell might be particularly sweet for Exxon's ego. The two firms have been archrivals since the early days of the oil barons, with the Anglo-Dutch Shell and John D. Rockefeller's Standard Oil, which spawned Exxon, going head to head in markets around the globe.

Shell International Finance sold largest deal of the day on Bond Market

On the non-guaranteed side of the market, Shell International Finance, the financing arm of energy giant Royal Dutch Shell PLC (RDSA), sold the largest deal of the day. Its 30-year issue was sold at a risk premium of 325 basis points over Treasurys, according to an investor. Shell is raising funds for general corporate purposes.

Oil, gas industry acts to cut pollution in Wyoming

Jim Sewell, staff environmental engineer with Shell, said he knows of no other field in the United States where the emissions control systems are being used on land drilling rigs.

The bravest woman in oil

 

PHOTO: VANESSA VICK/REDUX: Ann Pickard at a gas plant near the Niger Delta

Ann Pickard at a gas plant near the Niger Delta

Ann Pickard, Shell’s chief in Nigeria, knows the true meaning of oil crisis.

By Jon Birger, senior writer

NOVEMBER 21, 2008: 7:13 AM ET

(Fortune Magazine) — Ann Pickard’s title sounds normal enough – she’s regional executive vice president in Africa for Royal Dutch Shell’s exploration and production division. But there’s nothing normal whatsoever about Pickard’s job. Indeed, as Shell’s top official in Nigeria, Pickard may well hold the most dangerous executive post within the oil industry.

A 53-year-old Wyoming native who helped organize battered women’s shelters before entering the energy biz in the late 1980s – “making $7,000 a year doesn’t quite cut it,” she says of her former life – Pickard is the first woman to run Shell’s African operation. She talks a lot about reducing accidents, and by accidents, she’s not talking about the industrial variety.

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Big Oil: We told you so

"Exxon got criticized for underinvesting over the last four years," said Fadel Gheit, a senior energy analyst at Oppenheimer. "It's not that they were stupid, it's just that they thought it was too expensive. Now Exxon is going to laugh all the way to the bank."

Ormen Lange Gas Field Now Has 6 Wells Online – Shell

Norway's giant Ormen Lange gas field is now producing gas from six wells, after three new wells were brought online earlier this month, a spokeswoman for operator Royal Dutch Shell PLC (RDSA.LN) said Friday.

Whistleblower: Oil watchdog agency ‘cult of corruption’

Just before he lost his job, he said, one of his superiors in Washington ordered him not to investigate why Shell Oil had raised its oil transportation costs.

Shell Oil gets $338.4 million Pentagon contract for aviation fuel

CNNMoney.com Shell Oil gets $338.4 million Pentagon contract for aviation fuel September 17, 2008: 05:36 PM EST

NEW YORK (Associated Press) – Royal Dutch Shell’s U.S. subsidiary Shell Oil received a $338.4 million contract from the Defense Logistics Agency for aviation fuel, the Pentagon said late Wednesday.

http://money.cnn.com/news/newsfeeds/articles/apwire/b9171b6fa30eebae369fd24ceb678603.htm

Niger Delta rebels ratchet up oil-related violence

The Movement for the Emancipation of the Niger Delta said in an e-mail that it had destroyed the pipeline. If confirmed, it would be the group's second attack in a 24-hour period.

Nigeria militants ‘raze’ Shell oil complex

The Movement for the Emancipation of the Niger Delta said its militant forces "stormed" the Alakiri flow station complex, operated by the Shell Petroleum Development Company, set fire to the facility and "razed it to the ground."

Chevron, Shell Looking Into Nigeria Attack Reports

LONDON -(Dow Jones)- Chevron Corp. (CVX) and Royal Dutch Shell PLC (RDSB.LN) Sunday said they were looking into reports of attacks at or near their Nigerian facilities following claims by Nigerian militants.