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June, 2010:

Global gas demand to rise 25 pct by 2020 -Shell exec

Jun 25th, 2010
by John Donovan.
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REUTERS

June 24 (Reuters) – Global gas demand is still set to increase by one quarter by 2020, despite uncertainty about the recovery of industrial demand for the cleanest-burning hydrocarbon, a Royal Dutch Shell (RDSa.L) executive said on Thursday.

“Gas industry conditions remain tough. The recovery is still fragile,” De la Rey Venter, Shell’s global head of liquefied natural gas (LNG), told the National Oil Companies Congress in London.

“(But) global gas demand will rise by one quarter by 2020… Of all primary sources of energy, natural gas is clearly the most attractive hydrocarbon.” read more

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Shell: Saudi Arabia May Benefit From LNG Imports

Jun 25th, 2010
by John Donovan.
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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 for power, there’s a strong case to bring in more gas and free up some of that [oil] for export,” De la Rey Venter, Shell’s global head of LNG, said at the National Oil Companies congress in London. read more

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Before Rig Explosion in Gulf, Scant Difference Between BP and Other Drillers on Safety

Jun 25th, 2010
by John Donovan.
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By MIKE SORAGHAN of Greenwire Published: June 24, 2010

To look at the safety records of the offshore drilling companies before the Deepwater Horizon rig exploded and sank on April 20, there was little difference between BP America Inc. and its peers in the deep waters of the Gulf of Mexico.

According to a Greenwire analysis of Interior Department records, BP ranked a close third in penalties for safety violations. And statistics compiled on injuries and fires show that BP’s records were comparable to those of other deepwater drilling companies. read more

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Russia’s oil exploration threatens gray whales

Jun 24th, 2010
by John Donovan.
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Postponing seismic work may help the whales recover, say scientists

BBC NEWS

Oil exploration plans in eastern Russia are a serious threat to gray whales in the area, say scientists with the International Whaling Commission (IWC).

The Rosneft company is due to begin a seismic survey around Sakhalin island within the next few weeks.

The IWC’s Scientific Committee is “extremely concerned” about the plans and is calling for a postponement.

The gray whale population is critically endangered, with only about 130 animals left and only 20 breeding females. read more

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Relief wells may not stop Deepwater Horizon oil leak

Jun 24th, 2010
by John Donovan.
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examiner.com: Experts agree BP oil well casing has failed: Relief wells may not stop Deepwater Horizon oil leak

June 23, 9:41 PMPolitical Spin ExaminerMaryann Tobin

There is an increasingly real possibility that we may never be able to stop the gushing hole left in the Gulf sea floor unleashed by the Deepwater Horizon.

Former president of Shell oil and founder of Citizens for Affordable Energy, John Hofmeister, told Hardball’s Chris Matthews that the casing that leads to the oil reservoir may be so badly damaged from wear under the extreme pressure, the relief wells will not be able to stop the flow. read more

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U.S. judge rules against White House on drilling ban

Jun 23rd, 2010
by John Donovan.
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REUTERS

* A victory for drillers, White House to challenge ruling

* Interior Dept to issue new order for moratorium

* Offshore operators say they await appeal outcome

By Mary Rickard

NEW ORLEANS, June 22 (Reuters) – A U.S. judge ruled on Tuesday against the six-month moratorium that President Barack Obama’s administration imposed on deepwater drilling over the Gulf of Mexico oil spill, prompting officials to vow to appeal and retool the ban.

The order, in a New Orleans federal court, was a blow to the White House which had insisted a ban on offshore drilling below 500 feet (152 meters) would allow enough time to ensure other exploratory drilling was proceeding safely. read more

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.

US Gulf oil drilling ban overturned by federal judge

Jun 23rd, 2010
by John Donovan.
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Rig drilling relief well in the Gulf of Mexico A ban on drilling was imposed following the BP oil rig explosion

BBC NEWS

A US federal court judge has blocked President Barack Obama’s six-month moratorium on deep water oil drilling in the Gulf of Mexico.

The moratorium was put in place in the wake of the massive oil spill triggered by an explosion at a rig in April.

The judge said the lengthy ban was “invalid” and could not be justified, as the negative impact on local businesses was simply too great.

The White House said it would be appealing against the decision.

“An invalid agency decision to suspend drilling of wells in the depths over 500ft simply cannot justify the immeasurable effect on the plaintiffs, the local economy, the Gulf region and the critical present-day aspect of the availability of domestic energy in this country,” judge Martin Feldman said. read more

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Pennsylvania votes to divest firms tied to Iran

Jun 23rd, 2010
by John Donovan.
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Inquirer

PhillyDeals: Pa. House votes to divest firms tied to Iran

By Joseph N. DiStefano

The Pennsylvania House of Representatives voted unanimously Tuesday to make the state Treasury and pension funds dump stock worth more than $400 million in Royal Dutch Shell and dozens of other foreign companies.”If they want to do business with Pennsylvania’s pension funds, they’ll have to cut their ties to Iran,” the bill’s sponsor, Rep. Josh Shapiro, a Democrat who represents Abington and Upper Dublin, told me.

State pension funds would be barred from buying into companies that make significant investments in Iran and Sudan under the law, which Gov. Rendell is likely to sign once state lawyers review it, his spokesman, Gary Tuma, told me.

Pennsylvania’s pension funds resisted past

attempts to divest companies in Northern Ireland and South Africa amid concerns that politicizing the underfunded pension plans would hurt investment returns.

Indeed, Shapiro’s proposal “was met with very stiff oppositions from the pension funds and from their sympathizers” when he pressed it in his first term five years ago, Shapiro told me. read more

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.

Oil Spills in Nigeria

Jun 22nd, 2010
by John Donovan.
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LETTER TO THE EDITOR

“Half a World From the Gulf, a Spill Scourge 5 Decades Old” (front page, June 17), reporting that spills are a major problem in the Niger Delta, misses crucial context that explains why they happen.

You make a comparison between the Exxon Valdez spill and Nigeria. The two are completely different. The Shell Petroleum Development Company of Nigeria is the largest oil producer in the Niger Delta. In terms of volume, spills due to human error or equipment failure from its facilities over the last 10 years amounted to about 5 percent of the Exxon Valdez spill volume annually. read more

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.

Well design may be hampering spill efforts

Jun 22nd, 2010
by John Donovan.
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Chron.com

Deepwater Horizon

Reduction in thickness of casing raises concern about well’s integrity

By TOM FOWLER and ERIC NALDER
HOUSTON CHRONICLE

June 21, 2010, 10:59PM

Kari Gooodnough Bloomberg: Seaweed covered in oil from the Macondo well sits on a public beach in Gulf Shores, Ala., earlier this month.

Money-saving measures BP took while designing the Macondo well in the Gulf of Mexico appear to have dogged efforts to bring the massive oil spill under control.

Documents released by congressional investigators show that modifications to the well design BP made last year included a reduction in the thickness of a section of the casing — steel piping in the wellbore read more

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.

East Timor Proposes $3.8 Billion Gas Hub on its Soil

Jun 22nd, 2010
by John Donovan.
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Australia’s second-largest oil and gas producer and its partners, including Royal Dutch Shell Plc, have opted to rely on floating liquefied natural gas technology for the development, saying that it will deliver the most revenue to both Australia and East Timor. The government of East Timor objects to any plan that doesn’t include a gas processing plant in the country.

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.

Shell Tarred by Gulf Spill Pays Up in Bond Sale: Credit Markets

Jun 22nd, 2010
by John Donovan.
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BusinessWeek Logo

By Tim Catts and John Detrixhe

June 22 (Bloomberg) — Royal Dutch Shell Plc was penalized by the bond market in a $2.75 billion debt offering and Anadarko Petroleum Corp. notes tumbled on concern the worst oil spill in U.S. history will depress profits across the industry.

Investors demanded an extra 110 basis points in yield over U.S. Treasuries to buy the five-year notes from Shell, compared with 89 basis points for existing debt of similar maturity from the company, which is based in The Hague. Debt of Anadarko, owner of a 25 percent stake in BP Plc’s leaking well in the Gulf of Mexico, fell the most since June 9. read more

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.

Shell and PIB: blackmail is the game

Jun 22nd, 2010
by John Donovan.
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As the oil industry across the globe focused on the Gulf of Mexico and the remediation efforts mounted to contain the massive spill caused by the explosion of BP’s oil rig on April 20, Shell, Nigeria’s Anglo-Dutch oil operator, was back on the campaign trail to get the federal government either to water down or back off from going ahead with the Petroleum Industry Bill (PIB) currently before the National Assembly.

To demonstrate its crass insensitivity, it “dangled” a $40 billion investment carrot which its Nigerian Managing Director Mutiu Sunmonu claims stands imperilled in the event of the PIB sailing through. read more

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.

Chevron and Shell facing hefty fines for price fixing in South Africa

Jun 22nd, 2010
by John Donovan.
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BusinessWeek Logo

The Associated Press  June 21, 2010, 1:57PM ET

SAfrican watchdog fines oil firms on price-fixing

JOHANNESBURG

South Africa’s anti-competition watchdog says that a number of international oil giants, including Chevron and Shell, are facing hefty fines for price collusion, a punishable offense in South Africa.

South Africa’s Competition Tribunal, which investigates companies’ competition conduct, said Monday that between 2000 and 2009 oil companies Chevron, Shell, Engen, Total, Masana, Sasol and Tosas colluded in fixing their products’ prices. read more

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.

Oil firms challenge U.S. deepwater drilling ban

Jun 22nd, 2010
by John Donovan.
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REUTERS

Mary Rickard and Ernest Scheyder NEW ORLEANS/LAFITTE

Mon Jun 21, 2010 6:17pm ED

Louisiana (Reuters) – Oil services companies went to court on Monday seeking to overturn President Barack Obama’s six-month ban on deepwater drilling in the Gulf of Mexico after the worst oil spill in U.S. history.

U.S. District Court Judge Martin Feldman said he would decide by Wednesday whether to temporarily lift the ban while the case is heard. More than a dozen companies involved in offshore drilling operations filed the lawsuit, calling the ban “arbitrary and capricious.” read more

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.

BP Spills Coffee

Jun 21st, 2010
by John Donovan.
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httpv://www.youtube.com/watch?v=2AAa0gd7ClM

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.
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