Royal Dutch Shell plc .com Rotating Header Image

Posts from ‘August, 2007’

‘Le Tour de Sakhalin’ 2007: Some of the good guys doing good work at SEIC

In mid September a small group of Sakhalin Energy Investment Company employees will set off from Okha, the most northern town on Sakhalin Island, to cycle to Yuzhno, approximately 1200 kilometres to the south. Big deal, you might say, but wait a minute: they plan to do it in 10 days, on small tracks and [...]

Houston Chronicle: Refiners’ profit streak could fade

By BRETT CLANTON Copyright 2007 Houston Chronicle Soaring gasoline prices this spring and summer may have pinched drivers, but they helped U.S. oil refiners rack up huge quarterly profits and extend a hot earnings run that began several years ago. Refining profits for 22 of the largest energy companies jumped more than 20 percent to [...]

Lloyds List: Kazakhstan puts squeeze on Kashagan partners

Martyn Wingrove, Lloyds List Published: Aug 31, 2007 KAZAKHSTAN’s government has halted offshore operations at the world’s largest oilfield development to put pressure on a consortium of Western companies, writes Martyn Wingrove. Work on the giant Kashagan project in the northern Caspian has stopped as Kazakh officials accuse operator Agip KCO of breaking environmental and [...]

THE WALL STREET JOURNAL: Turkmenistan’s Energy Rush

THE WALL STREET JOURNAL: Turkmenistan’s Energy Rush Vast Natural-Gas Stores Spur Scramble for Access By U.S., Russia, Europe By GUY CHAZAN August 31, 2007; Page A5 With a new leader flinging open the doors to the outside world, the Central Asian nation of Turkmenistan is emerging as a crucible of regional rivalries as Russia, China, [...]

The Times: Venture Production

31 August 2007 It has been one of the few disappointments among the Tempus Ten tips for 2007, but after a 25 per cent share price fall in the first three months of the year, Venture Production, the North Sea oil and gas explorer, has begun to claw its way back. The announcement yesterday that [...]

The Guardian: Interview: Jeroen van der Veer: Oil boss sees no answers blowing in the wind

We must accept we’re going to depend on fossil fuels, and clean up as best we can, Shell chief tells greens Terry Macalister Friday August 31, 2007 In a week dominated by headlines about boardroom greed, the name of the chief executive at the company that on some measurements is Britain’s biggest has been noticeable [...]

Anchorage Daily News: Shell asks court to rethink ban on drilling

BEAUFORT: Oil giant says judges were mistaken in halting exploratory effort. By WESLEY LOY wloy@adn.com Published: August 30, 2007 Shell is asking a federal appeals court to reconsider its recent order blocking the Dutch oil giant’s plans to drill offshore exploratory wells in the Beaufort Sea this summer and fall. A group of organizations opposed [...]

money.cnn.com: ExxonMobil In Talks To Sell Argentina Unit For $200 Million – Report

August 30, 2007: 10:55 AM EST BUENOS AIRES -(Dow Jones)- ExxonMobil (XOM) is in talks to sell its Argentine unit for some $200 million in a deal being brokered by J.P. Morgan, local daily Clarin reported Thursday. According to the report, ExxonMobil plans to sell all of its Argentine assets, including 90 directly operated service [...]

National Post: ‘…grand larceny, Kremlin-style’

EXTRACT: “…many other companies with no political interests have been threatened and strong-armed, up to and including major oil companies such as Shell and ExxonMobil”. Is Magna going in, or is Oleg getting out? 30 August 2007 PETER FOSTER Russian President Vladimir Putin has recently been flexing his muscles, both figuratively and literally. He has [...]

Financial Post (Canada): Global oil reserves up only 1% last year

Canada’s Oilsands Sole Booster, Study Says Claudia Cattaneo, Financial Post Published: Thursday, August 30, 2007 CALGARY — Record global oil and gas profits of US$243-billion and record spending of US$401-billion have resulted in a marginal 1% increase in world oil reserves last year — all of it coming from a 1.9-billion-barrel addition from Canada’s oilsands, [...]

Shell Pennzoil brand attacked in US court action

By John Donovan Pennzoil-Quaker State Company (PQS) is seeking $1 million in damages from a Pennsylvanian resident, Keith R. Smith, for alleged trademark infringement, counterfeiting, dilution, unfair competition, false advertising and unjust enrichment. The draconian legal proceedings brought against Smith are in his capacity as the owner of Lube Pro, a single bay quick oil [...]

Bloomberg: Norsk Hydro Tests Ormen Lange, Sees Gas Production in October

By Paul Dobson Aug. 30 (Bloomberg) — Norsk Hydro ASA filled natural-gas pipes that connect Ormen Lange to an onshore processing plant as it prepares to start production at the 66 billion-krone ($11.3 billion) field. The company, Norway’s second-largest oil producer, filled the pipes with gas produced at Statoil ASA’s Sleipner field after clearing them [...]

This Day (Nigeria): Lawmakers Petition Presidency Over Oil Spillage

Okon Bassey, Published: Aug 30, 2007 Worried by the refusal of the Anglo-Dutch oil Firm, Shell Petroleum Development Company (SPDC), to stop the spill from its corked oil well in Ikot Ada Udo Village, Ikot Abasi Local Government, Akwa Ibom State House of Assembly has written a petition on Shell and sent to the Presidency [...]

Lloyds List: Statoil picks up Gulf of Mexico bids

Published: Aug 30, 2007 THE Norwegians have stormed the latest Gulf of Mexico lease sale to grab a large slice of deepwater exploration acreage, writes Martyn Wingrove. State oil group Statoil made the highest bids of the 47 oil companies that participated in the US government’s latest exploration round, as it expands operations away from [...]

Financial Times: Tings Dey Happen, Culture Project, New York

By Brendan Lemon Published: August 30 2007 18:04 | Last updated: August 30 2007 18:04 Not long after graduating from Northwestern University, in 2003, the American Dan Hoyle went to Nigeria to study the oil business, and he returned home to fashion Tings Dey Happen. This 90-minute solo show, now off-Broadway, gives us the tribal [...]