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Posts under ‘Oil’

Out in the Cold – new report on Shell’s plans in the Arctic

Posted on May 21, 2012 by Anna Galkina Shell’s Annual General Meeting tomorrow is unlikely to go calmly. The company’s problems range from anger over excessive executive pay to spills in the Niger delta. At this time, Platform, Greenpeace and FairPensions are putting to scrutiny offshore Arctic exploration as a key direction in the company’s [...]

Shell’s pay plans are ‘excessive’

Oil giant Royal Dutch Shell is set to suffer a backlash from shareholders over executive pay, including a £9.4 million package for its boss. Chief executive Peter Voser took home 11.7 million euros last year – more than double the amount he earned in 2010 – after lucrative long-term incentive plans paid out. 20 May [...]

Shell ‘must act on oil spills’ in the Niger Delta, say campaigners

Shell is sustaining fresh reputational damage over its role in oil spills in the Niger Delta,ahead of its annual meeting tomorrow. By Rob Davies PUBLISHED: 22:22, 20 May 2012 | UPDATED: 22:22, 20 May 2 Shell is sustaining fresh reputational damage over its role in oil spills in the Niger Delta,ahead of its annual meeting [...]

Motiva Reports Emissions at Texas Refinery, Filing Shows

By Moming Zhou – May 20, 2012 6:45 PM GMT+0100 Motiva Enterprises LLC reported emissions at its Port Arthur, Texas, refinery, according to a filing with statement regulators. The emissions started at 9 a.m. yesterday and ended at 9 a.m. today local time, the filing showed. To contact the reporter on this story: Moming Zhou [...]

Another alleged case of IP theft hits Royal Dutch Shell

By John Donovan Whilst trawling through cases filed against Shell on the U.S. Court system electronic records, I came across a claim filed on 17 April 2012. It is yet another case alleging that Shell has misappropriated intellectual property. Our own problems with Shell arose from the serial theft of ideas we disclosed to the [...]

Shell latest victim of pay backlash

Shareholders in Royal Dutch Shell have been advised to oppose the oil giant’s “excessive” executive pay, which saw chief executive Peter Voser’s total remuneration double to more than £10m last year. By Emily Gosden 7:15PM BST 19 May 2012 Pensions and Investment Research Consultants (Pirc) urged its members to vote down the remuneration report at [...]

AFCRC-USA Congratulates Ogoni Environmental Protection Agency

By Ben Ikari The African Cultural and Fundamental Rights Council (AFCRC), USA congratulates the newly formed  Ogoni Environmental Protection Agency (OGEPA) for its emergence at a time Ogoni is at environmental crossroads. We especially thank the new agency for its vision aimed at achieving broad-based tree planting throughout Ogoni territory. This is a great feat [...]

Shell reports release from sulfur unit at Deer Park refinery

Fri May 18, 2012 6:35am EDT May 18 (Reuters) – Shell Oil Co said emergency personnel responded to a release at a sulfur unit at its 327,000 barrel-per-day (bpd) joint-venture Deer Park, Texas, refinery, according to a message posted in a community information line. Earlier, Shell reported shutdown of an unspecified unit at the refinery [...]

India success makes Cairn a worthy hold

FROM OUR ARCHIVES… Combined with an oil price higher than ever, Cairn looks to be sitting very pretty. Much to the embarrassment of Shell, of course, which sold the Rajasthan field to Cairn two years ago for just £4m. 18 May 2004 The oilfields of India are proving to be more like gold to Cairn [...]

CSNews Reveals This Year’s Top 100 Convenience Stores

By Don Longo: 17 May 2012 JERSEY CITY, N.J. — 7-Eleven Inc. continues to pull away from the pack as the U.S. convenience industry’s largest chain by number of stores. In the past year, the Dallas-based division of Japanese c-store giant Seven & i Holdings Co. widened its store count lead over Big Oil companies [...]

Shell: Liquid Shales Could Have Big Impact On Energy Mix

May 17,2012 LONDON -(Dow Jones)- Shale rock formations that contain liquid hydrocarbons as well as natural gas could have a ” significant” impact on world energy supplies but it is too early to say for sure, a senior Royal Dutch Shell PLC (RDSB) executive said Thursday. “It is too early to predict the impact if [...]

Shell starts repair work in Nigeria

LAGOS, Nigeria, May 17 (UPI) — A Shell subsidiary in Nigeria announced it started repairs on a crude oil pipeline in the country following an early May closure and force majeure declaration. Shell declared force majeure on Bonny Light crude, the Nigerian blend, as of May 4. “The action is due to production deferment caused [...]

Shell millions tied to study

May 16, 2012 – 8:04pm By JOANN ALBERSTAT Business Reporter Geologist: Analysis spurred energy giant’s N.S. program A $15-million government-funded study on Nova Scotia’s offshore oil and gas potential helped spur Shell’s $1-billion exploration program here, a Houston-based chief geologist with the global energy giant said Wednesday in Halifax. Brad Prather, who works in deepwater [...]

Groups appeal air permit for Shell Arctic drilling

by Dan Joling / Associated Press: May 16, 2012 ANCHORAGE, Alaska – Environmental and Alaska Native groups on Wednesday appealed an air permit granted by the Environmental Protection Agency to a Shell Oil drilling ship that could be used this summer in the Arctic Ocean off Alaska’s northern shore. The groups claim the Kulluk and [...]

Nigeria: Oil Spills – Shell Pays U.S.$1.1 Million to Communities

Lagos — Shell Petroleum Development Company (SPDC) says it paid over $1.1 million last year to communities affected by oil spills in the country. Managing Director of the company, Mutiu Sunmonu, said in the Shell Briefing Note that the development was the high point of the premium his company has for its host communities. He [...]