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Posts from ‘June, 2010’

Shell: deep-water oil drilling will go on

guardian.co.uk home

• Voser says rising demand forces search for new sites
• Storm threatens clean-up operation of BP’s Gulf spill

Graeme Wearden: Sunday 27 June 2010 19.09 BST

A heavily-oiled bird is rescued from the waters of Barataria Bay, which are laden with oil from the Deepwater Horizon spill. Photograph: Gerald Herbert/AP

Royal Dutch Shell‘s boss, Peter Voser, insisted that today it was not possible to satisfy the world’s growing energy demands without drilling for oil in deep-water reserves, despite the ongoing environmental disaster in the Gulf of Mexico.

At a conference in South Africa, Voser defended the oil industry’s push into deeper oil reserves and said Shell would continue to play its part, even as a tropical storm threatened to disrupt BP‘s efforts to clean up oil off the coast of Louisiana. 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 Corrib protester Maura Harrington jailed again

Maura Harrington (right), a local Shell to Sea campaigner was arrested on her way home yesterday from a funeral in Mayo, and taken to prison for refusing to pay fines relating to ‘offences’ while engaged in protests against Shell’s experimental raw gas pipeline and inland refinery.

Shell to Sea is a campaign based in Erris, County Mayo, Ireland which opposes the construction of a natural gas pipeline through Rossport, and also opposes the ongoing construction by Royal Dutch Shell, Statoil and Marathon Oil of a refinery at Bellanaboy intended to refine the natural gas from the Corrib gas field. The stated aim of the campaign is that the gas be refined at sea, rather than inland, as is done with Ireland’s only other producing gas field off County Cork. They maintain the proximity of a natural gas pipeline is a risk to local 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

Royal Dutch Shell: deep drilling must continue

Associated Press. 06.27.10, 12:30 PM EDT

CAPE TOWN, South AfricaRoyal Dutch Shell says rising demand means deep-water drilling must continue, but that competitor British Petroleum’s massive Gulf of Mexico spill offers lessons.

At a business and political forum in Cape Town, Royal Dutch Shell PLC ( RDSA news people ) chief executive Peter Voser said Sunday: “Given the rise in the population and rise in developing world of energy needs, we will have to develop those resources in deep waters ….” 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 employee kidnapped in Nigeria: army

(AFP) – Sunday 27 June 2010

LAGOS — Nigerian kidnappers have seized a local employee of Anglo-Dutch oil group Shell in the country’s oil hub of Port Harcourt, a military spokesman said Sunday.

“I heard that a Shell worker has been kidnapped in Port Harcourt. But I don’t have the details,” Colonel Timothy Antigha, spokesman for the military Joint Task Force (JTF) in the Niger Delta told AFP.

Shell spokesman Tony Okonedo declined to comment on the incident, saying “the company does not speak on security issues”. 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

Deep waters obscure case for oil investment

Financial Times

By Neil Hume

Published: June 25 2010 18:47 | Last updated: June 25 2010 18:47

Extracts:

At the very least investors should now be more wary of investing in a sector where a company the size of BP can see its share price halve in a little over two months and come under such political pressure that it feels the need to halt dividend payments and set up a $20bn compensation fund.

Shell has a more diversified portfolio and most of its important developments – the Pearl gas to liquids plant in Qatar and Canadian oil sands – do not involve deepwater drilling. Even so, it still has material operations in the Gulf of Mexico. 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

My pipe dream that was a big nightmare

THE SUNDAY TIMES

Shell chief Terry Nolan is confident that despite being a decade late and three times over budget, Corrib will win over its critics

Mark Paul Published: 20 June 2010

Like another oil firm in big trouble at the moment, Shell caused a lot of upset, which Nolan accepts. ‘If I was doing it all again, we would put more effort into understanding the community,’ he says

Terry Nolan, the managing director of Shell Exploration and Production (E&P) Ireland, picks up the microphone and addresses the 700 construction workers gathered at Shell’s Bellanaboy gas refinery, near Rossport on the wild northern Mayo coast.

The refinery will serve the contentious Corrib gas field, located 83km out in the Atlantic Ocean. 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

Royal Dutch Shell holds board meeting in Doha

Saturday, 26 June 2010 22:09

DOHA: The Board of Directors of Royal Dutch Shell plc has met in Doha, underlining the importance of the country as a new heartland for Shell.

Chairman Jorma Ollila, Chief Executive Officer Peter Voser and other senior Board members were received during their visit by Deputy Premier and Minister of Energy and Industry, H E Abdullah bin Hamad Al Attiyah.

The Board of Directors which consists of three Executive Directors, nine Non-Executive Directors and the Company Secretary meets around eight times a year, usually in Shell’s headquarters in The Hague, to discuss Shell’s business and plans. Once a year the Board visits a key location for Shell’s global business and in 2010 they decided to come to Qatar. 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 DOWNSTREAM MI SYSTEM

Posting on Shell Blog by IT4me on Jun 26th, 2010 at 8:50 pm

THE CHANGE CONTROL DIKTAT

To make any change to a Downstream MI system today you start by filling-in a stack of forms. Each contains a multitude of questions, including some risible ones of the “are you a terrorist?” variety. You collect signatures, pass the forms to your resident Kremlinologist, then wait for a verdict from the “CAB” (Change Approval Board). This takes a minimum of 10 days, more usually 1 MONTH.

Some emphasis on CONTROL is understandable in the wake of the scandals of the last decade (Enron, RDS Reserves, SocGen…). But look more closely. No EXCEPTIONS are allowed, so a 1-HOUR change now takes 1 MONTH. This is MI, so we are dealing only with HISTORICAL transactions with no scope for a “SocGen”. MI uses lightweight/disposable engineering, not “production grade” stuff, so it simply doesn’t warrant this level of asset protection. A “one size fits all” approach to Change Control has effectively been dumped on MI without the slightest regard for the consequences. 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 has hired bankruptcy attorneys in New Orleans?

Class Derides BP’s ‘Culture of Safety’

By SABRINA CANFIELD

NEW ORLEANS (CN) – While BP’s top U.S. official said he stands by BP’s “culture of safety” and said BP’s practices are the same as those “deployed by the other companies out there,” a federal class action claims that BP refineries in Texas and Ohio have accounted for 97 percent of the “egregious, willful” citations from the U.S. Occupational Safety and Health Administration in the past 3 years.

BP was cited for 760 such violations, while Sunoco and Conoco-Phillips had 8 apiece, Citgo had 2 and Exxon had 1 comparable citation, according to the complaint. 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 turns down Shell cleanup vessel for Gulf of Mexico spill

msnbc.com

by Ted Land
Friday, June 25, 2010

ANCHORAGE, Alaska — Some people are disappointed that BP is passing up an important tool in its response to the Gulf of Mexico oil spill. Shell Oil’s sophisticated cleanup vessel, the Nanuq, could be on its way to the gulf — but instead it’s docked in Seward, waiting for its next assignment.

Shell built the ship in 2007, and says it’s one of the most advanced skimming vessels of its kind in the world.

“She’s definitely the largest that we know of,” said Shell Alaska’s Susan Moore. “She’s got 12,000 barrels of storage, which is above and beyond what most other oil spill response vessels around the world have.” 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’s Eventual Bankruptcy Is Certain

What they’re still touting as the “worst environmental disaster in US history” is quickly growing up into the worst environmental disaster in the history of humanity.

Seeking Alpha

June 25, 2010

There is no doubt that BP (BP) will not emerge from this oil spill disaster intact. Make no mistake – this is the fatal black swan event in BP’s life that is going to take investors by the hundreds down with the ship. Its not going to happen immediately. Much like the slow initial fall and eventual breakneck pace of collapse of a giant tree, the giant oil leak is the event that will catalyze the fall of this far flung and storied company.

Here’s some food for thought in support of my prediction. I also caveat that statement with the possibility that a ‘merger’ or ‘buyout’ will be forced and negotiated out of public view to offset political carnage. Either way, shareholders and taxpayers alike will burn. 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 Says Door Still Open To Shell But Repsol Pulled Out

THE WALL STREET JOURNAL

JUNE 26, 2010

LONDON (Dow Jones)–Iran is leaving the door open to Royal Dutch Shell PLC (RDSA, RDSB, RDSA.LN, RDSB.LN) to join a giant gas project but Repsol YPF (REP, REP.MC) has completely pulled out, a top government official said Friday.

The statement comes after state-owned Pars Oil and Gas Co. awarded contracts to develop phases 13 and 14 of the South Pars field to domestic companies after talks with Shell and Repsol came to no avail.

Speaking to Dow Jones Newswires, Hojatollah Ghanimifard, vice president in charge of investment affairs at the National Iranian Oil Co., said the Anglo-Dutch company has been told to contact POGC so “they will be introduced to contractors” with whom they could work. Shell declined to comment. 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

Oil Companies Stock Up On Cash Ahead Of An Uncertain Future

THE WALL STREET JOURNAL

JUNE 25, 2010

By Chris Dieterich Of DOW JONES NEWSWIRES

NEW YORK (Dow Jones)–Oil giants are ramping up their borrowing, braving higher interest rates in order to lock down funding as a hedge against further turmoil in their industry or in credit markets, traders and analysts said.

Facing possible further legislative or market turmoil from the ramifications of BP PLC’s (BP, BP.LN) efforts to deal with an oil spill in the Gulf of Mexico and the need to refinance current bond offerings when they come due later this year, companies in the energy sector are trying to get their balance sheets in order now in case credit markets tighten further in the future. 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 oil spill: shares slump further as hurricane fears rise

Telegraph.co.uk: BP shares slumped to their lowest level in 14 years on Friday on concerns that a hurricane next week could worsen the impact of the spill as it hampers clean-up work.

Published: 25 Jun 2010

The shares were down more than 7pc at just over 300p in early trading and have now fallen more than 50pc since BP’s well in the Gulf of Mexico ruptured 67 days ago, creating the biggest oil spill in US history.

Shares in BP, which has lost its status as Europe’s largest oil company, have fallen as the company’s efforts to prevent the oil gushing from the well consistently fail.

Added to investors’ existing fears over the cost of the clean-up and potential liabilities, is the prospect of the first tropical storm of the Atlantic hurricane season forming this weekend. A collection of thunderstorms was intensifying in the Caribbean off Honduras and Nicaragua, the US National Hurricane Center said late last night. 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

Garage card scammer jailed

TheRegister

35,000 card details snaffled

By John Oates 23rd June 2010 12:37 GMT

Theogenes De Montford, 29, of Blandford Way, Hayes has been sentenced to four and a half years for his role in one of the UK’s biggest chip and pin scams.

The gang put card cloning equipment on pin entry handsets at petrol stations around the country.

De Montford was caught with 35,000 card details when arrested.

An amazing 7,000 of these came from one garage – a Shell garage on Bluebell Hill in Maidstone, Kent.

A spokesman for Shell UK said the impact of all card fraud, not just this gang’s, resulted in a 25 per cent drop in its business. Actual losses worked out at £725,000 between January and September, PA reports. 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

UAE wants Shell for Shah after Conoco exit-sources

DUBAI, June 23 (Reuters) - The United Arab Emirates' would like Royal Dutch Shell (RDSa.L) to step in as its partner at the $10 billion Shah gas project after U.S. major ConocoPhillips (COP.N) withdrew, industry sources in the UAE said on Wednesday.

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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