Royal Dutch Shell Group .com Rotating Header Image

September 16th, 2005:

REUTERS: Displaced workers settle in at Shell oil terminal

REUTERS: Displaced workers settle in at Shell oil terminal

Sewer and water lines are being laid to be connected to trailers provided by Federal Emergency Management Agency (FEMA) for workers at the Shell Sugarland facility in St. James, Louisiana, September 15, 2005. FEMA is providing 165 trailers for workers and their families displaced by Hurricane Katrina at a community they’ve named Sugarville.

Friday 16 Sep 2005

By Ben Berkowitz

ST. JAMES, La., Sept 15 (Reuters) – Compared with many others forced from their homes by Hurricane Katrina, residents of Sugarville have comfortable new houses, complete with amenities like soft beds, DVD players and full refrigerators.

Of course, “Sugarville” is actually a huge dirt lot on the grounds of the Royal Dutch ShellSugarland Terminal in this southeastern Louisiana town. The “houses” are Fleetwood Enterprisestrailers supplied by the Federal Emergency Management Agency to house oil workers and their families displaced by the storm that devastated the U.S. Gulf Coast. read more

This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

JAPANESE TO BOOST INVESTMENTS IN SAKHALIN-2 PROJECT

Novye Izvestia: JAPANESE TO BOOST INVESTMENTS IN SAKHALIN-2 PROJECT

“Concern deputy head Alexander Medvedev stated that greater expenditure on Sakhalin-2 would lower the cost of the asset contributed by Royal Dutch/Shell. Nevertheless, Gazprom is likely to take part in Sakhalin-2. “The agreement with Royal Dutch/Shell contains a clause which provides for compensation in such a case,” a source in Gazprom said yesterday. This may be both financial resources and additional assets, he claims.”

Friday 16 Sept 2005

Mitsubishi and Mitsui, the Japanese shareholders of the Sakhalin-2 project, have agreed to the proposal made by their partner, Royal Dutch/Shell, to increase investments in the project from $12 billion to $20 billion. Russian executives were informed of this yesterday. Gazprom, which intends to become a participant in this project, is not pleased about the British-Dutch initiative.

Royal Dutch/Shell owns 55% of shares in the Sakhalin Energy joint venture – the operator of the Sakhalin-2 project. The gas monopoly wanted to buy a block of shares in Sakhalin Energy, paying 50% of its cost in the project to develop the Neocomian reserves of the Zapolyarnoye gas and oil condensate field in West Siberia (total gas reserves – over 3.3 trillion cu m). read more

This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.