Martin Watters 21Mar08 PUTTING BACK: Shell is planning to reduce emissions, says Greg Lewin The oil giant is concentrating on developing biofuels and wind technology. MARTIN WATTERS reports THE future viability of Shell’s global operations lies underground, but the oil giant hopes to be putting back rather than taking out. Shell hoped to [...]
Posts on ‘March 20th, 2008’
Reuters: UPDATE 1-Gunmen kill Nigerian sailor in Delta boat attack
Thu Mar 20, 2008 4:46pm EDT LAGOS, March 20 (Reuters) – Gunmen aboard a speedboat attacked a security vessel as it travelled to a major oil industry port in Nigeria’s Niger Delta, killing a Nigerian sailor, security sources said on Thursday. Around 15 unknown gunmen attacked the vessel late on Wednesday as it travelled along [...]
Daily Telegraph: Russia targets UK interests with ‘spy’ arrests
Britain’s relations with Russian are at a low ebb By Adrian Blomfield in Moscow Last Updated: 6:39pm GMT 20/03/2008 The Kremlin appeared to have renewed its hostile campaign against British interests and big business in Russia today when the secret police arrested two men on espionage charges after raiding BP’s Moscow headquarters. The arrests [...]
International Herald Tribune: Russian security aims a blow at British oil company
An investigator leaves the headquarters of Russian-British joint venture OAO TNK-BP, Russia’s third-largest oil producer, in Moscow on Wednesday. (Alexander Zemlianichenko/The Associated Press) By Andrew E. Kramer Published: March 20, 2008 MOSCOW: Russian security services detained an employee of BP’s Russian joint venture and are accusing that man and his brother of industrial espionage, according [...]
UpstreamOnline: Man with a plan: presidential hopeful Barack Obama
Obama eyes active role in oil market By Upstream staff Democrat Barack Obama would take an active role in US oil markets as president, tackling concerns about the dominance of large oil companies and eyeing the Strategic Petroleum Reserve as a potential weapon to combat high prices, his top energy adviser said. The presidential hopeful’s [...]
UpstreamOnline: Shell reserves on a steady course
Company bucks predictions of a fall and sticks to investment plan CHRISTOPHER HOPSON, London Shell said its oil and gas reserves held stable in 2007 despite expectations of a drop, but told investors they may have to wait until 2010 to see production expand. The supermajor said it had more than 50 large projects in [...]
UpstreamOnline: Future vision puts renewables at core
SHELL has no plans to spin off or part sell its renewable energy businesses as rival BP is considering, and instead wants closer integration of the units with its core hydrocarbon operations, writes Christopher Hopson. Chief executive Jeroen van der Veer said that Shell was building the green energy businesses for the long term, and [...]
UpstreamOnline: Nigerian senate delays debate over Bonga overspend
DISCUSSION by the Nigerian Senate of a report concerning cost overruns at Shell’s deep-water Bonga development and other major projects has been postponed until after the Easter recess, writes Barry Morgan. According to Senator Lee Maeba, the delay is due to protracted debates over the Nigeria Content Bill, which are expetected to continue next week. [...]
UpstreamOnline: Shell enjoying its spot in the sun
These are interesting times for large international oil companies with the enormous opportunities and elephant traps graphically on show with $100-plus per barrel oil and a share meltdown on Wall Street. In the middle of all this was Shell chief executive Jeroen van der Veer giving his annual strategy update and highlighting the enormous and [...]
UpstreamOnline: FERC green lights Broadwater LNG project
By Upstream staff The US Federal Energy Regulatory Commission (FERC) has approved construction of the Broadwater Energy liquefied natural gas (LNG) terminal in Long Island Sound, east of New York City. The project would be able to deliver 1.25 billion cubic feet of natural gas a day to fuel electric generating plants and heat homes, [...]
UpstreamOnline: Safety first is lesson learned
Twenty years after the Piper Alpha platform disaster, the UK oil industy still has some way to go in cleaning up its health and safety act TWENTY years ago Occidental Petroleum’s Piper Alpha platform exploded and caught fire, killing 167 people in the world’s worst offshore oil disaster. The shock caused by the horrific events [...]
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Daily Mail: Russian police arrest BP employee and his brother for industrial espionage
The BP worker has been arrested for industrial espionage Last updated at 16:39pm on 20th March 2008 Russian security services have arrested an employee of BP’s joint Russian venture and a second man with links to the British Council for attempted industrial espionage. Russian news agencies reported that the two men – said to be [...]
London Evening Standard: BP, Shell, RWE in Egypt tie-up
20 March 2008 Oil and gas majors BP and Royal Dutch Shell have joined German utility RWE in agreeing to spend $950 million (£475 million) on oil and gas exploration off the coast of Egypt. Cairo is seeking to ramp up output to take advantage of soaring energy prices. BP and RWE will explore together [...]
The Standard (Ellesmere Port): SHELL OIL has been fined more than £260,000 for leaking a highly toxic gas.
20 March 2008 Location: CHESTER About 20 tonnes of isobutene, a flammable and toxic gas, escaped from a corroded pipe at the Stanlow Manufacturing Complex in Ellesmere Port on May 29, 2003. The company admitted failing to comply with health and safety at work regulations and was fined £266,681 and ordered to pay £37,131.62 costs [...]
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