Motiva to trade refined products apart from co-owner Shell HOUSTON, JUNE 11 | BY KRISTEN HAYS AND ERWIN SEBA Motiva Enterprises said on Thursday it aims to trade its own gasoline, diesel and the components needed to make them in a new organization separate from its co-owner, Royal Dutch Shell. Motiva, a 50/50 joint venture […]
Posts Tagged ‘Saudi Arabia’
Motiva plans in-house trading organization for refined products Markets | Thu Jun 11, 2015 1:13pm EDT (Reuters) – Motiva Enterprises said on Thursday that it was planning to form its own products trading organization for transport fuels and refinery intermediates to enhance its market participation through direct dealings with customers. The company said it started […]
Article by CLIFFORD KRAUSS and STANLEY REED published 1 June 2015 in the New York edition of The New York Times under the headline Prices Are Down, but Saudis Keep Oil Flowing HOUSTON — The international cartel of oil producers has long followed the same basic strategy. When the market was soft, the group slashed production […]
Article by Stanley Reed published 17 March 2015 in the New York edition of the New York Times Prices Fall to a Six-Year Low for U.S. Oil Oil prices fell to six-year lows on Monday in the face of concerns that a glut in the United States was outpacing already-brimming storage facilities. Additionally, the Organization […]
Article by Stanley Reed published New York Times New York Edition 14 March 2015under the headline: Oil Prices Drop as Production Hums Along Despite a Brimming Supply LONDON — Just as the oil market appeared to be stabilizing, the price of crude resumed its descent on Friday. The drop, of about 4 percent, came after […]
By: MICHEAL KAUFMAN: Published: Mar 7, 2015 at 10:04 am EST The biggest oil refinery strike in the US in over three decades has entered its 35th day, with no agreement between the United Steelworkers (USW) union and Royal Dutch Shell plc (ADR) (NYSE:RDS.A) been reached so far. The two parties had a meeting on Wednesday, […]
By Puneet Kollipara January 29 at 5:43 PM Saudi Arabia shocked the world last fall in breaking from its traditional mold of keeping oil production artificially low to prop up oil prices. Instead, the Saudis and other OPEC nations voted to keep oil output steady even in the face of a global supply surplus, a move seemingly designed […]
Published: November 29, 2014 at 11:11 am EST By: Micheal Kaufman The decision by the Organization of Petroleum Exporting Countries (OPEC) to maintain production at 30 million barrels of oil per day came as a shock for most oil companies. As a result crude oil prices fell drastically and West Intermediate Texas (WTI) was down […]
Major Opec nations, Russia and US shale oil drillers now appear on the brink of a price war as these three giant producing blocs fight for a greater share of global demand. (Potentially disastrous news for Big Oil – ExxonMobil, Shell, BP, Chevron and Total) The Telegraph: World on brink of oil price war as Opec […]
ARTICLE BY STEVEN HAYWARD, PUBLISHED BY POWERLINE 25 NOVEMBER 2014 The fall OPEC meeting is under way right now in Vienna, and all eyes are on the Saudis, to see whether they will lead a strategy to stop the fall in oil prices, which is putting the crimp on Iran, Russia, and Venezuela, among other […]
Reuters article published by ArabNews.com Monday 7 July 2014 DUBAI: Royal Dutch Shell is ending investments in a gas development project in Saudi Arabia, complicating the top oil exporter’s efforts to exploit its huge gas reserves. The search for gas has been a priority for Saudi Arabia as it struggles to keep pace with rapidly […]
Extracts from an article by Andrew Critchlow published 6 July 2014 by The Sunday Telegraph read more
The Washington Post has reported today that the Dutch foreign minister Frans Timmermans is considering flying to Saudi Arabia in an attempt to defuse the situation, which includes threats of looming sanctions against Dutch interests, including Royal Dutch Shell. By John Donovan Royal Dutch Shell Group has had a long relationship with the Saudi regime. […]
By BENJAMIN ALTER and EDWARD FISHMAN A version of this op-ed appeared in print on April 28, 2013, on page SR5 of the New York edition JUST as the world was writing off America as a declining power, the country now finds itself on the cusp of realizing one of its longstanding goals: energy independence. […]
“So is Shell STILL anti-Semitic, or is it simply because doing business with Israel would upset the rulers of Saudi Arabia, yet another tyrannical regime in bed with Shell? One Country swims in oil. The other doesn’t. Perhaps that has something to do with it?” By John Donovan In March 2011 we published an article […]
FROM OUR 2005 SHELL NEWS ARCHIVE:“Motiva, a joint supply venture between Shell and Saudi Refining…”: “…pleaded no contest to state charges of criminally negligent homicide…”: “The company… has paid more than $60 million to settle lawsuits”: “It is still the subject of a federal lawsuit…” Judge Fines Motiva $10M in Tank Explosion By THE ASSOCIATED […]
Shell Global Solutions International has signed a gasification licensed technology agreement with Saudi Aramco, the fully integrated energy and chemicals company, for the largest residue gasification unit to ever be built. The Jazan Integrated Gasification Combined Cycle Project (IGCC) agreement includes the licensing of Shell gasification and acid gas removal technologies and the provision of […]
Published December 31, 2012 by Dow Jones Newswires Motiva Enterprises LLC reported that a wet gas compressor at its Port Arthur, Texas, refinery experienced an emergency shutdown Saturday, according to a filing with the Texas Commission on Environmental Quality. The company reported that charge rates were reduced to help stabilize operations for the restart of […]
By Rob Sheridan – Oct 8, 2012 2:25 PM GMT+0100 Saudi Arabian Oil Co. doubled the number of crude tankers booked to ship oil to the Gulf of Mexico this month as two people familiar with its U.S. refinery operations said a damaged crude unit may restart in December. The company’s shipping unit booked eight […]
FROM OUR SHELL NEWS ARCHIVE OCTOBER 2005 The Guardian: Shell shows cracks: “Another PR blunder from the House of Shell or a tragic piece of misreporting? “Ian McCredie, head of global security services at Shell, is reported to have told a Chatham House conference a tale of how up to 70 staff have been kidnapped […]
Motiva to restart damaged unit in early 2013 By Simone Sebastian: Published 07:31 p.m., Thursday, July 19, 2012 Motiva Enterprises plans to restart the new crude distillation unit at its Port Arthur refinery early next year, after damage from a chemical leak shut it down last month, the company said Thursday. Weeks after the May 31 […]
Thu Jun 21, 2012 2:39pm EDT By Erwin Seba (Reuters) – Motiva Enterprises LLC moved to prepare half its giant Port Arthur, Texas, refinery for an extended shut-down this week after a major glitch with a new unit, closing down other units and reducing oil shipments from Saudi Arabia. In the first public acknowledgment of […]
COMMENT POSTED ON OUR SHELL BLOG 12 JUNE 2012 Texvette: Is anyone surprised with the current issues with the new crude unit at Port Arthur. Word has it that: 1) the problems are much more severe than being reported, and 2) this is just “the tip of the iceberg”. Some wonder if the new $13 […]
Replacing the traditional ribbon cutting, officials turn a symbolic valve to signal the opening of Motiva’s expansion project in Port Arthur. It’s a joint venture of Shell and Saudi Aramco. Photo: Guiseppe Barranco / The Beaumont Enterprise Motiva upgrade makes it largest U.S. refinery By Emily Pickrell,By Emily Pickrell: Houston Chronicle Published 08:23 p.m., Thursday, May […]
…Shell has avoided public comment on its position… The Anglo-Dutch major is one of the biggest consumers of Iranian crude worldwide… Shell Chief Executive Peter Voser declined to elaborate on how much Iranian crude the company was still buying… Exclusive: Europe’s big buyers cut ties with Iran oil By Alex Lawler and Peg Mackey LONDON […]
By John Donovan Royal Dutch Shell CEO Peter Voser is reluctantly considering how best to wean Shell off the supply of blood tainted Iranian oil. Shell is one of the biggest consumers of Iranian oil – see article below. The relationship between Shell and Iran has continued unabated for many years, while the fanatical Iranian […]
FINANCIAL TIMES By Ed Crooks For decades, America has worried about Saudi Arabias plans for oil production; now Saudi Arabia is starting to worry about the US. In a reversal of roles, US oil production has begun to rise, and expectations are growing that North America (including Canada, where production is growing even faster) will […]
Energy companies are shifting their focus away from the Middle East and toward the Westwith profound implications for the companies, global politics and consumers DECEMBER 5, 2011 By GUY CHAZAN Big Oil is redrawing the energy map. For decades, its main stomping grounds were in the developing worldexotic locales like the Persian Gulf and the […]
Wed Nov 16, 2011 7:32am EST * Appraisal to be completed by end-2013 * Kidan is rich in sour gas KHOBAR, Saudi Arabia, Nov 16 (Reuters) – A joint venture between Royal Dutch Shell and Saudi Aramco has won approval from the Saudi government to study the possible development of Kidan area, in Saudi Arabia’s […]
Thu Oct 27, 2011 11:09am EDT * Port Arthur refinery will be 600,000 bpd * Will be deep conversion plant * Refinery to process wide variety of crude oils NEW YORK, Oct 27 (Reuters) – The expansion of the Motiva Port Arthur, Texas refinery is 90 percent complete and start-up procedures are slated to begin […]
Transparency International 10 October 2011 In the wake of serious bribery allegations involving GPT, the UK subsidiary of European defence company EADS, and the Saudi Royal family, Transparency International UK is calling on the Government to support a full investigation by the Serious Fraud Office (SFO). The Attorney General is reportedly deliberating over whether the […]
By Ben Lefebvre, Of DOW JONES NEWSWIRES HOUSTON -(Dow Jones)- Saudi Arabia will be the sole supplier of crude oil to Motiva Enterprises LLC’s refinery in Texas after the facility finishes expanding its capacity to 600,000 barrels a day next year, a person familiar with the matter said Friday. The expansion of the Port Arthur, […]
By John Donovan Today The Guardian newspaper published an outspoken article by Ian Birrell about the “breathtaking hypocrisy” of Tony Blair. It discusses his role in bringing “the maverick Muammar Gaddafi in from the cold as he brokered oil deals and oversaw prisoner transfer agreements that led to the release of the Lockerbie bomber.” Shell […]
By John Donovan In September 2009, we published an article headlined: BAE Systems whistleblower accuses Shell & BP of money laundering Al-Yamamah proceeds Al-Yamamah was the Saudi/UK corruption scandal investigated by the UK Serious Fraud Office until the investigation was stopped in its tracks by the then PM, Tony Blair, a man not known for […]
By John Donovan We have received interesting email following our posting of the threats made against us by Royal Dutch Shell Plc . The threats related to our publication of relevant pages from “A History of Royal Dutch Shell”, focused on the Nazi past of the oil giant. The question of our continued mortality was […]
THE WALL STREET JOURNAL JUNE 24, 2010 LONDON (Dow Jones)–Saudi Arabia, the world’s largest energy producer, may benefit from importing liquefied natural gas to boost domestic supply and maximize profits from oil exports, a Royal Dutch Shell PLC (RDSB) executive said Thursday. “In an environment where much crude and fuel oil is being burnt up […]
THE WALL STREET JOURNAL APRIL 19, 2010 NEW YORK (Dow Jones)–Royal Dutch Shell said Monday that a worker died at the Motiva Port Arthur refinery it operates in Texas. The worker’s death “can be confirmed, and we are investigating what the cause was,” a Shell spokeswoman said. No further details were available, but the company […]
An previous investigation by Britain’s Serious Fraud Office (SFO) into reports BAE paid about 1 billion pounds over a decade to Prince Bandar bin Sultan in connection with the al-Yamamah arms deal had been halted in December 2006 by former Prime Minister Tony Blair after the probe angered Saudi Arabia.
The Sunday Telegraph November 15, 2009 Ministry cannot account for where £1bn went in Saudi oil-for-jets affair DAVID HENCKE DETAILS OF a damning secret report into Britain’s biggest ever arms deal, which raises questions over how the Ministry of Defence spent more than £lbillion, can be disclosed for the first time by The Sunday Telegraph. […]
UPDATED DECEMBER 2010 A BAE Systems insider from the AL-Yamamah and AL-Salam Projects in Saudi Arabia, is supplying internal BAE, Saudi, and UK MOD documents to the US Department of Justice (DoJ) which is carrying out an investigation into alleged corruption. The samples we have seen include correspondence between high ranking officers in the British […]
BAE Systems Serious Fraud Office deal could include settlement of al-Yamamah oil-for-arms scandal involving Shell
ROYAL DUTCH SHELL INVOLVEMENT IN SAUDI ARABIA / AL YAMAMAH BAE ARMS SCANDAL
June 24 (Bloomberg) — Showa Shell Sekiyu KK, a Japanese refiner and solar-equipment maker, rose to the highest in nine months after saying it will build solar plants in Saudi Arabia to expand its alternative energy business.
Excerpts: Freeh said that a 1985 treaty between Britain and Saudi Arabia allowed the trade of oil for weapons. BAE signed an $86-billion contract with the Saudis under the provisions of the treaty, and the funds that flowed between Britain and the Bandar-controlled bank accounts in the U.S. may have come from the sale of Saudi oil under the terms of the contract. “We did not invent corruption,” Prince Bandar bin Sultan tells Bergman. “This has happened since Adam and Eve. . . . This is human nature.”
But the biggest case was always the Al Yamamah probe, which became even more explosive after it emerged that the SFO was investigating allegations that the company had paid more than £1bn to Prince Bandar bin Sultan, the former Saudi ambassador to Washington. Prince Bandar has also always denied wrongdoing. The scrapping of the Saudi case on national security grounds proved a pyrrhic victory for BAE, however, as it triggered a wave of criticism of the company and was followed by the launching of other investigations around the world.
There may be no silver lining in a story that involves Iran being able to spend untold millions on its weapons procurement, but at least this UK institution’s actions debunk the popular myth that it is only the U.S. that will conveniently ignore international norms of behavior for the sake of a reliable oil supply.
Royal Dutch Shell PLC, for example, has postponed a near-doubling of production in Canada’s oil sands an operation that some analysts say requires oil to be above $70 a barrel to be economically feasible.
Royal Dutch Shell has announced that it will delay some of its planned expansion of expensive oil sands projects in Canada. Rob J. Routs, executive director of oil products and chemicals and a member of the board at Royal Dutch Shell, said that reaching the target of 700,000 barrels a day would be “pushed out at least two to four years.”
China’s once ravenous hunger for energy is weakening at a record rate, compounding the pressure on Opec to slash global oil production this week by as much as two million barrels a day to prevent a glut.
Some economists now compare OPEC’s plight to that of the early 1980s, when soaring crude prices helped spur a recession in the U.S. and Europe. Oil demand fell sharply, as did oil prices. It took nearly 15 years for U.S. consumption to return to 1980 levels.
BAE also got into trouble for paying similar size bribes to Saudi Arabian officials to facilitate a deal for Eurofighters. When British investigators sought to prosecute BAE, the Saudis threatened to cut off counter-terrorism cooperation if the British investigators did not back off. The British government ordered the prosecution halted.