America's leading commodities regulator has launched an unprecedented investigation into possible market manipulation in the US crude oil market amid record prices which continue to cripple various parts of the global economy.
May, 2008:
Oil prices to be probed by US regulator CFTC
This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website,
johndonovan.website, and shellnews.net,
are owned by John Donovan. There is also a Wikipedia segment.
HSBC £120m directors’ package set for protest
Royal Dutch Shell recently had to acknowledge a large protest vote, after a third of investors opposed plans to give three directors 1m (£785,000).
Nigeria: Shell – Pengassan Threatens Mass Action
Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) yesterday warned that, it would mobilise the 15,000 workforce in the oil and gas industry for a prolonged mass action against Shell Petroleum Development Company (SPDC) if it should go ahead with its plan to sack 2000 of its 7000 workers.
Colo. gets $35 million from Army, Shell for arsenal cleanup
Shell Oil Co., which made pesticides and other chemicals at the Rocky Mountain Arsenal, will provide $21 million in cash and land under an agreement announced Thursday to settle a 25-year-old state lawsuit. The Army and the federal government are providing the rest.
Shell, Army OK $35M arsenal-pollution settlement
Shell Oil and the U.S. Army which produced all manner of nasty chemicals from 1942 until 1982 at the arsenal, northeast of downtown Denver have agreed to pay the state $35 million in damages for polluting groundwater at the arsenal, state Attorney General John Suthers said today.
Shell, Army reach $35M Arsenal settlement with state
Shell Oil Co. and the federal government have agreed to a $35 million payout to settle the state of Colorado's quarter-century-old lawsuit over pollution at the Army's former Rocky Mountain Arsenal on the outskirts of Denver.
The Nigerian Rebel Who ‘Taxes’ Your Gasoline
Okah may be in prison, but the organization he leads, Movement for the Emancipation of the Niger Delta (MEND) continues to wreak havoc on international oil companies operating in the Niger Delta, sabotaging facilities and kidnapping personnel. And that limits Nigeria's output, and keeps global oil prices climbing.
BP’s rough ride in Russia
Those with long memories will recall that in December 2006, Gazprom secured a majority stake in the Sakhalin-2 Russian oil and gas field formerly led by Royal Dutch Shell; at the time, Medvedev was chairman of Gazprom's board of directors. Sakhalin-2 contains estimated reserves of 1.1 billion barrels of oil and 500 billion cubic meters of natural gas; the "friendly" buyout left Royal Dutch Shell with a 27.5-percent stake.
Can ExxonMobil Get Back to Business Now?
To achieve its success, ExxonMobil has been forced to do business with a less-than-hospitable Russian government, which has strong-armed Royal Dutch Shell and BP. It must also contend with Venezuelan wild man Hugo Chavez, who last year helped himself to the assets of half a dozen big oil companies. So Exxon's core business clearly involves something more than casually nibbling on bon-bons.
Saudi Aramco at 75
I take special pride in mentioning that Motiva - our joint venture with Shell here in the U.S. - broke ground in December 2007 on a $7 billion project to expand its refinery in Port Arthur, Texas. Upon completion in 2010, this investment will provide 325,000 barrels per day of additional gasoline and other petroleum products to U.S. domestic markets. The expansion will increase the refinery's crude throughput capacity to 600,000 barrels per day, making it the largest U.S. refinery. In addition, the project is expected to generate over 4,500 construction jobs and as many as 300 new permanent jobs upon completion.
Corporate Europe must improve compliance
The tough enforcement climate that European companies now face is nothing new in the US. It has been 30 years since its Foreign Corrupt Practices Act made the payment of foreign bribes illegal (compared with less than nine for Europe). To be sure, more than a few global companies headquartered in Europe maintain sophisticated processes to support compliance, often as a result of past regulatory disputes. Akzo-Nobel and Shell are two examples.
Gazprom Russian Energy Report available from Research and Markets Ltd
The new study draws results of Gazprom's work under Putin the president and estimates future development of the main Russian company under Putin the prime minister and Medvedev the president.
Oil back above $US131 on supply risks
A militant attack over the weekend on a Royal Dutch Shell oil facility knocked out about 130,000 barrels in Nigeria's daily oil production, the country's oil minister said earlier
Blame Congress for High Oil Prices
Gasoline prices are through the roof and Americans are angry. Someone must be to blame and the obvious villain is "Big Oil" with its alleged ability to gouge consumers and achieve unconscionable, "windfall" profits. Congress is in a vile mood, and has dragged oil industry executives before its committees for show trials, issuing predictable threats of punishment, e.g. a "windfall profits tax." But if there is a villain in all of this, it is Congress itself.
Oil Exporters Are Unable To Keep Up With Demand
"The sense in the market is that peak oil is here and that things will only get worse,"...
Frank Chapman: Adventurous in his pursuits
Ever since Shell hit reserve troubles five years ago, he has been dogged by speculation that he will return to run the oil group.
EBOOK TITLE: “SIR HENRI DETERDING AND THE NAZI HISTORY OF ROYAL DUTCH SHELL” – AVAILABLE ON AMAZON
EBOOK TITLE: “JOHN DONOVAN, SHELL’S NIGHTMARE: MY EPIC FEUD WITH THE UNSCRUPULOUS OIL GIANT ROYAL DUTCH SHELL” – AVAILABLE ON AMAZON.
EBOOK TITLE: “TOXIC FACTS ABOUT SHELL REMOVED FROM WIKIPEDIA: HOW SHELL BECAME THE MOST HATED BRAND IN THE WORLD” – AVAILABLE ON AMAZON.
