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Posts from ‘April, 2010’

Shell 1Q Beats Consensus On Improved Oil, Gas Output

THE WALL STREET JOURNAL

28 APRIL 20010 By James Herron Of DOW JONES NEWSWIRES

LONDON (Dow Jones)–Royal Dutch Shell PLC (RDSB.LN) Wednesday posted a consensus-beating 60% rise in adjusted profit for the first quarter due to higher oil prices and output that grew much faster than expected.

“We are making good progress in improving our near-term performance, delivering a new wave of production growth,” said Chief Executive Officer Peter Voser. “Our results reflected the successful ramp-up of our new upstream projects in Russia and Brazil, supporting a 6% increase in our production.” read more

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Security firm for Shell at Corrib site rejects ‘conclusion on alleged assault’

The Irish Times – Wednesday, April 28, 2010

LORNA SIGGINS Western Correspondent

THE COMPANY providing security to Shell at the Corrib gas project in north Mayo for the past two years has said it rejects outright a “central conclusion” of a report on the dispute at the site by a human rights organisation.

The security company I-RMS said yesterday that Rossport farmer Willie Corduff was “not assaulted” last April at the Corrib gas pipeline landfall at Glengad.

It is seeking a “retraction of any insinuations in the Front Line human rights report that I-RMS was involved in any assault on Mr Corduff” and says the report must be amended to include recent findings by the Director of Public Prosecutions (DPP). read more

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Shell’s last throw of the dice on the Corrib Gas Project.

Shell planning large tunnel off the coast of Mayo

25 April 2010 By Nicola Cooke

Shell will apply to An Bord Pleanála next month for permission to build a large tunnel under the seabed off the Mayo coast as part of the latest plan to get gas from the Corrib field.

The move, designed to avoid running the pipeline across land owned by local farmers, could delay the gas project by at least two more years and cost up to €100 million. Informed sources said it could be Shell’s ‘‘last throw of the dice’’ on the project.

The firm is proposing to build a five-kilometre-long pipeline with a diameter of 3.5 metres, five metres below the seabed at Scruwaddacon Bay. An option for an open trench pipeline through the bay, which is a special conservation area, will also be submitted to An Bord Pleanála. Shell has advertised for tenders for specialist contractors to bore the tunnel. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

Focus on sinister events surrounding Shell Corrib Gas project

“He examines issues relating to Shell security firm, I-RMS, including surveillance of residents, and licensing and vetting of staff, such as the former staff member who travelled to Bolivia with late Irishman Michael Dwyer in late 2008.”

The analysis in the report of a number of incidents relating to the Corrib gas dispute is critical of Shell, the Garda, I-RMS security, which is employed by Shell, the Department of Energy and a minority of protesters. Photograph: Niall Carson/PA Wire

The Irish Times – Tuesday, April 27, 2010

Frontline report: Main points

Gardaí from outside Mayo should investigate the alleged assault on Rossport farmer Willie Corduff.

Gardaí should employ a trained lawyer as human rights observer.

The Garda Síochána Ombudsman Commission should again seek permission to conduct a policies and practices investigation into policing of the Corrib gas dispute. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

US evacuates oil rig after Gulf of Mexico leak

US authorities have evacuated an oil platform in the Gulf of Mexico near where another oil rig sank after an explosion last week. Workers on the Ocean Endeavour were evacuated as an oil slick from the wrecked platform was coming dangerously close, officials say

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

Earnings Preview: Shell to post strong Q1

In addition to cutting personnel costs, Shell has been investing heavily in new capacity to reverse a decade-long slide in production. Most analysts are upbeat about future prospects, but it may underperform peers until production comes on line. Shell has frozen its quarterly dividend at the 2009 level of $0.42 per share for 2010 to protect its balance sheet.

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

Shell drafted letter Tony Blair sent to Gaddafi while Prime Minister

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“In the draft, Shell tells Mr Blair to discuss positive progress on weapons of mass destruction as well as the investigation into the murder of WPC Yvonne Fletcher outside the Libyan Embassy in London in 1984.”

David Robertson, Business Correspondent

Tony Blair lobbied Colonel Muammar Gaddafi on behalf of Shell in a letter written for him in draft form by the oil company, documents obtained by The Times reveal.

The correspondence, written while Mr Blair was Prime Minister, bears a striking resemblance to a briefing note by Royal Dutch Shell weeks earlier promoting a $500 million (£325 million) deal it was trying to clinch in Libya.

While it is common for government ministers to champion British interests abroad, Shell’s draft reveals an unusual assurance in its ability to dictate Mr Blair’s conversation with the Libyan leader. It also raises questions about the motives behind Britain’s improved relations with Libya and the subsequent release of Abdul Baset Ali al-Megrahi, the Lockerbie bomber. Lockerbie victims have claimed that the Government paved the way for al-Megrahi’s release as part of a deal with Libya to give British companies access to Libya’s lucrative oil and gas industry. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

Toxic soil lurks beneath Carson neighborhood

“Shell was slow to cooperate with the investigation, Egoscue said. “Initially they were dragging their feet,” she added. The agency sent the company a notice of violation in April 2009.”

“Most residents have joined a lawsuit against Shell and others…”

“It’s the most despicable situation I’ve seen in 40 years of doing this…”

Rosemary Noval walks up her driveway on Panama Avenue in Carson. She and her husband, Rudy, are living in one of the 285 homes found to be sitting atop dangerous levels of toxic substances. (Mark Boster / Los Angeles Times)

latimes.com

The discovery of methane gas and benzene has transformed a 50-acre neighborhood into an environmental case study — a reminder of Southern California’s history as a center of the oil industry.

By Jeff Gottlieb, Los Angeles Times April 27, 2010When Ron and Belinda Oglesby moved into Carson’s Carousel neighborhood in 2003, they saw a solid, middle-class area where homeowners set down roots and lived for decades, where Santa Claus paraded through the streets on a firetruck and children returned to buy their own homes.

This, they told themselves, was the perfect place to raise their three kids.

Six years later, they noticed workmen drilling holes and leaving cryptic white marks on the streets.

By last summer, they had discovered what the sudden activity meant: Preliminary tests under the direction of the Los Angeles Regional Water Quality Control Board had found dangerous levels of potentially explosive methane gas and benzene under the 285 homes of the Carousel tract. In some spots, tests found benzene at concentrations seldom seen, levels that could significantly increase cancer risks for residents. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

Shell Expects ‘Seamless’ Transition as Geelong Contract Ends

BusinessWeek Logo

By Ben Sharples

April 27 (Bloomberg) — Royal Dutch Shell Plc said it expects a “seamless transition” when a cleaning contract ends at its Geelong oil refinery in Australia’s Victoria State at the end of the month.

Shell anticipates no impact on production, spokesman Paul Zennaro said by phone in Melbourne today. Fuel supplies could run out by the end of the week if 20 specialist decontamination cleaners at the refinery strike, the Australian Associated Press reported, citing Jess Walsh, a Liquor Hospitality and Miscellaneous Workers Union Victorian secretary. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

1,000 barrels of oil a day spilling in the Gulf of Mexico

NASDAQ

26 April 2010

BP plc ( BP ) is now leading the charge in containing the oil spill in the Gulf of Mexico following the explosion of one of its contracted offshore rigs. The company, together with Swiss drilling contractor Transocean Ltd. ( RIG ), is currently drilling a well to activate a blowout valve in order to stop oil spilling at a rate of 1,000 barrels a day. If that effort fails, the company will have to drill a second well and inject heavy fluid to stop oil from leaking out. BP said that the operation could take as long as three months read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

BP, ROYAL DUTCH SHELL, EXXON MOBIL AND CHEVRON PAY FIXING INVESTIGATION BY FTC

NASDAQ 26 April 2010

BP as well as Royal Dutch Shell plc, Exxon Mobil Corp. and Chevron Corp. are being investigated by the U.S. Federal Trade Commission regarding compensation of their employees, according to the Wall Street Journal over the weekend. The probe is over whether the human resources departments of the various companies have shared salary information to fix pay.

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

FTC Investigates Oil Firms Over Hiring, Wages

THE WALL STREET JOURNAL

By THOMAS CATAN

26 APRIL 2010

WASHINGTON—The Federal Trade Commission is investigating whether the world’s biggest oil companies colluded to suppress managerial, professional and technical employees’ wages in ways that violated U.S. antitrust laws, according to people familiar with the matter.

The previously undisclosed probe has been open for several years and involves as many as a dozen oil companies, including Exxon Mobil Corp., Royal Dutch Shell PLC, BP PLC and Chevron Corp, these people said. The probe remains active, they added, but the five FTC commissioners have yet to vote on the matter, and it is possible a suit will never be brought. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

Iran issues ultimatum to Royal Dutch Shell

Reuters India

Iran gives Shell, Repsol a week to decide on Pars

TEHRAN, April 26 (Reuters) – Iran has given Royal Dutch Shell (RDSa.L: Quote, Profile, Research) and Repsol (REP.MC: Quote, Profile, Research) one week to decide on their involvement in the offshore South Pars natural gas field, the semi-official Mehr news agency reported on Monday.

Iran says both Anglo-Dutch Shell and Spain’s Repsol have procrastinated on finalising their involvement in the field, the world’s largest reservoir of gas. It has set similar deadlines in the past as a way of pressuring foreign investors. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

Oklahoma Appeals Court Rules Shell Guilty of Royalties Fraud

“In the present case, the reprehensibility of Shell’s conduct is heightened by its intentional deceit of the interest owners whose oil proceeds it held for their benefit…”

NANCY FULLER HEBBLE AND OTHERS vs SHELL OIL CO.

In May 2008,  an Oklahoma jury ordered Shell Oil Co. to pay a whopping $66 million to five royalty owners  for their share of the proceeds from a highly lucrative oil well dug in the early-1970s. The payments were awarded to two families who owned the land where Shell drilled for oil, but were never informed when Shell struck a huge reserve and built a well on the land in 1973.

Shell had threatened to drag the case out and in line with this policy, appealed against the jury verdict on various grounds. As Richard Wiseman, the Chief Ethics & Compliance Officer of Royal Dutch Shell plc is aware, the same threat to make litigation “drawn out and difficult” was once made to us in writing by Nigel Rowley of Mackrell Turner Garrett, the London law firm representing Shell, where Mr Wiseman begun his career as a lawyer. Shell had not realised that we too can also be difficult.
read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

Shell says Middle East needs to solve “gas puzzle”

Reuters) - The Middle East needs to solve the conundrum which sees it sitting on 40 percent of the world's gas reserves and yet suffering from a supply shortage, a senior executive from Royal Dutch Shell (RDSa.L) said on Monday.

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

Shell, Total Step Up Reliance on Gas as Access to Oil Declines

April 26 (Bloomberg) -- Royal Dutch Shell Plc and Total SA are among energy producers shifting the balance of their production toward natural gas as oil-rich countries clamp down on access and deposits become easier to tap.

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com
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