Royal Dutch Shell plc .com Rotating Header Image

Posts under ‘International Herald Tribune’

Further signs of stress in Canada’s oil sands

Oil majors like Royal Dutch Shell and other companies are re-examining the viability of oil sands development in an area that could hold as much as 175 billion barrels of oil. Only Saudi Arabia has more than Alberta.

Click to continue reading “Further signs of stress in Canada’s oil sands”

Shell and Abu Dhabi target offshore gas production

ABU DHABI, United Arab Emirates: Abu Dhabi National Oil Co. and a division of Royal Dutch Shell say they have signed a deal to explore the possibility of developing deep natural gas fields off the emirate’s coast.

Click to continue reading “Shell and Abu Dhabi target offshore gas production”

Companies with poor track records on environmental damage try for change

Companies like Shell are facing new threats to their business. Communities that oppose big mining and drilling projects have caused costly delays…

Click to continue reading “Companies with poor track records on environmental damage try for change”

NYC trial date for claims against Shell

International Herald Tribune

The Associated Press

Published: October 9, 2008

NEW YORK: A February date has been set for a trial of claims that Royal Dutch Shell PLC was complicit in decisions by Nigeria’s military government to hang oil industry opponents.
Playwright Ken Sara-Wiwa and eight other oil industry opponents were executed in November 1995, after a military tribunal convicted them of murdering four political rivals. Their heirs filed a lawsuit in federal court in Manhattan the next year.

Shell was once a major driller in Nigeria’s oil-rich Ogoni region. The lawsuit alleged Shell made payments and provided arms to security forces that it knew was abusive to local communities.

A Shell lawyer said at a hearing Tuesday that the plaintiffs have never identified anyone with personal knowledge of the allegations in the lawsuit.

http://www.iht.com/articles/ap/2008/10/08/business/NA-US-Shell-Nigeria.php

Militants says clashes with Nigerian army mean war

LAGOS, Nigeria: Militant fighters battled Nigerian troops for a second day Sunday, and the main militant group said the rare clashes represented a state of war in Africa’s biggest crude producer.

Click to continue reading “Militants says clashes with Nigerian army mean war”

Iraqi Cabinet approves initial gas deal with Shell

BAGHDAD: Iraq’s Cabinet approved an initial gas agreement Sunday between the Oil Ministry and Royal Dutch Shell to invest in a joint venture to tap natural gas in southern Iraq, a government statement said.

Click to continue reading “Iraqi Cabinet approves initial gas deal with Shell”

Navy: 12 gunmen dead in southern Nigeria clashes

The two naval vessels were heading to a base near a Royal Dutch Shell PLC installation in the Niger Delta when attackers riding in speedboats fired on the convoy, prompting a counterattack that left 12 assailants dead…

Click to continue reading “Navy: 12 gunmen dead in southern Nigeria clashes”

Shell: record 2Q net profit of $11.6 billion

 

International Herald Tribune

Shell: record 2Q net profit of $11.6 billion

The year ago figure was US$8.67 billion.

The company says its selling price per barrel of oil was around US$112, up from US$64 a year earlier.

Chief Executive Jeroen van der Veer called the results “competitive” in a statement Thursday.

A “good operating performance, combined with increased oil and gas prices, offset the impact of weaker” results from refineries, he said.

http://www.iht.com/articles/ap/2008/07/31/business/EU-Netherlands-Earns-Shell.php

 

International Herald Tribune: 150 U.S. Banks may fail

…the troubles are growing so rapidly at some small and midsize banks that as many as 150 out of the 7,500 banks nationwide could fail over the next 12 to 18 months, analysts say.

Click to continue reading “International Herald Tribune: 150 U.S. Banks may fail”

OPEC warns against military conflict with Iran

The head of the Organization of Petroleum Exporting Countries warned Thursday that oil prices would see an “unlimited” increase in the case of a military conflict involving Iran, because the group’s members would be unable to make up the lost production.

Click to continue reading “OPEC warns against military conflict with Iran”