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Posts from ‘March, 2010’

Motiva says it will hire locally

By DAN WALLACH March 6, 2010 A Baton Rouge, La., company called Performance Contractors last week won a contract from the Motiva Enterprises Port Arthur refinery to build a large piece of the refinery’s crude expansion project. Motiva did not reveal the amount of Performance’s contract that accounts for a portion of the estimated $7 [...]

Approval of Shell Corrib gas project may be examined

The Irish Times – Friday, March 5, 2010 MARY CAROLAN and LORNA SIGGINS THE STATE and oil giant Shell have lost their bid to stop two Mayo residents pursuing High Court claims as to whether a ministerial consent given eight years ago for the Shell Corrib gas pipeline is valid. Ms Justice Mary Laffoy ruled [...]

Shell’s Voser: Climate Bill ‘Needs More Time’

THE WALL STREET JOURNAL March 4, 2010, 12:55 PM ET By Jim Carlton and Neal Lipschultz Despite recent defections of two other oil majors, Royal Dutch Shell PLC has opted to stay in an influential lobbying group that has focused on shaping climate-change legislation, Chief Executive Officer Peter Voser said. Mr. Voser, speaking Thursday at [...]

Shell caught again in bitumen price fixing cartel

ROYAL DUTCH SHELL CAUGHT AGAIN IN BITUMEN PRICE FIXING CARTEL In September 2006, the European Commission fined Shell $137m for their role in a cartel that fixed the price of bitumen. According to a report published in the Houston Chronicle, “the EU Commission said the company was an instigator, took the leadership in the cartel [...]

Shell Oil to be grilled by Amnesty on human rights record

Posted: 04 March 2010 PANEL DISCUSSION ON: SHELL OIL AND HUMAN RIGHTS IN NIGERIA The Niger Delta is one of the world’s 10 most important wetland and coastal marine ecosystems and is home to about 31 million people. Its huge oil deposits have been extracted for years by the Nigerian govenment and multinational oil companies [...]

Electric cars will get more popular -Shell CEO

REUTERS By Poornima Gupta SANTA BARBARA, Calif., March 4 (Reuters) – Royal Dutch Shell Plc (RDSa.L) expects electricity-powered vehicles to account for as much as 40 percent of the worldwide car market by 2050, Chief Executive Peter Voser said on Thursday. Voser, speaking at The Wall Street Journal’s ECO:nomics conference in Santa Barbara, said technological [...]

Peter Voser, CEO of Royal Dutch Shell

Eric Wesoff 03 04 10 “It’s fun to be an oil and gas CEO.” Santa Barbara, CA — Peter Voser, CEO of Royal Dutch Shell, traveled a long way to speak at the Wall Street Journal ECO:nomics show this morning.  To give you an idea of the mindset of this particular audience, when polled on [...]

Shell reports attack on Nigeria oil flow station

Associated Press, 03.03.10, 07:47 AM EST LAGOS, Nigeria — Royal Dutch Shell PLC says unknown gunmen have attacked an oil flow station in the restive Niger Delta. Tony Okonedo, a spokesman for the company said Wednesday that explosives planted at the Kokori flow station in the western half of the Delta detonated, damaging the unused [...]

Big Oil Should Rediscover Adventurous Youth

THE WALL STREET JOURNAL March 3, 2010, 4:39 PM GMT Getty Images: A Shell refinery in California. By James Herron It is a reflection of just how far big oil companies have moved from the wildcat frontier operations of yore that nowadays, when they want to impress the market, they bang on about cost cutting [...]

Shell Aims for ‘New Nigeria’ as $19 Billion Qatar Plant Starts

By Stanley Reed and Robert Tuttle March 4 (Bloomberg) — Royal Dutch Shell Plc spent $19 billion, triple the original estimate, to build the world’s largest gas-to-liquids plant. Now, it’s pay-off time and the company says the project may generate $6 billion a year. Shell needs the plant, known as Pearl, to bolster output, which [...]

Gripe site prevails in domain cybersquatting case

Gripe site prevails in domain cybersquatting caseBy Jacqui Chenggripe site that incorporates a company’s entire trademark into its domain is still protected under the First Amendment, a US District Judge has ruled.

In share price terms, BP has outperformed Shell massively

The Hayward plan: keep squeezing the oil can: The BP chief’s watchword is efficiency – and it should keep shareholders happy Nils Pratley (Business) Tuesday 2 March 2010 21.13 GMT BP has been a terrible performer: rich in assets but never delivering respectable returns. This radical view was advanced today by none other than Tony [...]

Nigerian Rebel Group Says It Attacks Shell’s Kokori Station

March 03, 2010, 12:52 AM EST By Dulue Mbachu March 3 (Bloomberg) — Royal Dutch Shell Plc’s Kokori oil flow-station in the southern Niger River delta was attacked by the People’s Patriotic Revolutionary Force, the group said in an e-mailed statement yesterday. The group said with the attack it was resuming “fresh and final hostilities [...]

Britain Grapples With Debt of Greek Proportions

Without a strong political majority to tackle Britain’s lumbering fiscal problems, investors could start to make it greatly more expensive for the government to raise funds, setting the stage for a potential double-dip recession, if not worse.

BP Looks to Boost Refining Profits

LONDON—BP PLC on Tuesday said it is pushing through the biggest shake-up of its oil-production business since it acquired Amoco 12 years ago, as it seeks to increase annual profits by more than $3 billion over the next two to three years.