At first glance, it might look like oil companies are pulling out of renewables. At the end of June, BP closed its alternative-energy headquarters. The oil company also has cut its alternative-energy budget and closed several solar factories in Spain. And that's after Shell sold off most of its solar business at the end of 2007.
July, 2009:
Big Oil Bets on Biofuels
Production Resumes at Shell’s EA Field in Nigeria – Source
LAGOS (Dow Jones)--Production at Royal Dutch Shell PLC's (RDSB.LN) EA oil field in Nigeria has resumed after more than three years offline, an industry source told Dow Jones Newswires Tuesday.
Shell gripe with The Wall Street Journal over royaldutchshellplc.com website?
A few minutes ago The Wall Street Journal published a corrected article originally published on July 17 under the headline: “Shell Email Leak Says US Convent Refinery Income Dismal -Blog”.
The Royal Dutch Shell Plc company website was identified as Royaldutchshellplc.com – the precise dotcom domain name for the unified company. Since Shell was unsuccessful in proceedings to seize the domain name from its owner and well-known Shell critic, 92 year old Alfred Donovan, this was a humiliating error for Shell. It therefore seems reasonable to speculate that Shell raised the matter with The Wall Street Journal resulting in the correction of the embarrassing mistake.
Shell Email Leak Says US Convent Refinery Income Dismal -Blog
Wall Street Journal / Dow Jones Syndicated article “Shell Email Leak Says US Convent Refinery Income Dismal -Blog“: published July 2009 and by other news sites
THE WALL STREET JOURNAL
July 17, 2009, 6.13 A.M.
By Benoit Faucon
of DOW JONES NEWSWIRES
LONDON (Dow Jones)–A Royal Dutch Shell PLC (RDSB.LN) list of over 300 vice presidents, some of whom have been recently appointed, available on a critic’s blog shows that the restructuring started by new Chief Executive Peter Voser is deepening.
The list, obtained by Website Royaldutchshellplc.com, was drawn after Voser launched a top management shake-up in the Anglo-Dutch oil major as it tries to adapt to the new reality of lower oil prices. The company, when contacted by Dow Jones Newswires, said it doesn’t comment on internal documents.
Nigerian President Urges Cooperation to Solve Conflict in Delta
BLOOMBERG.COM: Armed attacks targeting oil infrastructure in the delta, home to Nigerias oil industry, have shut plants operated by Royal Dutch Shell Plc, Chevron Corp. and Eni SpA, curbing production of the light, sweet variety of oil favored by U.S. refiners. Nigeria vies with Angola as Africas biggest oil producer and is the fifth-biggest source of U.S. oil imports.
Corruption: Landmark cases flounder as crime team is purged
For its part, the EFCC said it was probing payments made by the oil companies Chevron and Royal Dutch Shell to MER Engineering, a company owned by Mr Ibori, purportedly for hiring houseboats to oil industry workers. Chevron said it believed it had complied with anti-corruption laws, while Shell said MER was on its list of contractors but declined to say what work the company had done.
Co-operative gives £53,000 to Canadian Cree for tar sands lawsuit
Tar sands are a mixture of sand or clay and bitumen, which are either pumped from underground using steam or dug out in strip mines and which need pre-processing or "upgrading" before they can be refined. Shell is among the companies developing tar sands in Alberta, despite its extraction project losing $42m (£25.4m) in the first three months.
U.S. oil refiners face major cuts, slow recovery
REUTERS: Mon Jul 20, 2009 3:16pm EDT: The latest company to fall victim to the recession is Shell, Europe's largest oil company, which announced last week it is mulling staff cuts at its refineries and chemical plants in Texas, Louisiana and Alabama to cut costs. Among plants under the microscope are those Shell operates jointly with Saudi Aramco and a Deer Park, Texas, refinery operated with Mexican state oil company Pemex. Shell's announcement came less than a week after the European oil major said it may shut or sell its 130,000-barrel-per-day refinery in Montreal, which it has operated since 1933.
Is Shell the world’s biggest company due to merit or malevolence?
Except for the headline, senior officials of Royal Dutch Shell Plc including barrister Richard Wiseman, have had advance sight of the article below thereby giving Shell an opportunity to take issue with the veracity of the content, supply comment for publication with the article on an unedited basis, or seek an injunction to prevent publication. No such action has been taken.
BP Seen Doing Better Than Shell In 2Q
THE WALL STREET JOURNAL: "Shell appears to be at the greatest risk of negative revisions in the run-in to 2Q results given its areas of operational exposures," said Citigroup.
Attacks Cripple Shell’s Niger Delta Operations
THE WALL STREET JOURNAL: IBADAN, Nigeria--Royal Dutch Shell PLC said Saturday it was operating its many facilities in the Niger Delta with a minimum staff following the frequent attacks on its facilities in the region by militants.
Local Firms Snatch Up More Gas Stations as Big Oil Moves On
Gheit said that Royal Dutch Shell's chief executive Peter Voser, the company's former chief financial officer, plans to improve the oil giant's cost structure. That makes gasoline stations, with high volumes of sales and low profit margins, candidates for divestment.
Oil Shares at Deepest Discount Signal Recessions End
Lower profits have prompted the Hague-based Shell, the largest oil company in Europe by market value, to put two refineries in northern Germany up for sale, and it may close or sell another plant in Montreal.
Cnooc, Reliance May Be Better Bets Than Shell, Bernstein Says
July 20 (Bloomberg) -- Shares of Cnooc Ltd., PetroChina Ltd. and Reliance Industries Ltd. offer better growth prospects than international oil companies and may continue to command a price premium, Sanford C. Bernstein said.
Two men and a website mount vendetta against an oil giant
It is an awkward position for Shell, which was this month crowned by Fortune magazine as the worlds largest company. Trying to shut the website down would draw even more attention to it but letting it continue subjects the company to a constant barrage of negative news, allegations and insults, some of which is picked up by the mainstream media.
Body found during Shell Brent platform hunt
BBC NEWS: Rescuers searching for a man who went missing from a North Sea oil platform have found a body after a major operation was launched.
The Wood Group employee was reported missing from Shell’s Brent Delta platform, about 117 miles north east of Shetland, at about 1130 BST.
Helicopters were involved in the air search and help was also being provided by a Nimrod from RAF Kinloss.
Aberdeen Coastguard said a body was later recovered at about 1400 BST.
A Shell spokeswoman told the BBC Scotland news website a full search of the platform and water had been carried out.
Shell may cut staff at Gulf Coast refineries, chemical plants
Posted by Bloomberg News July 17, 2009 12:13PM
Royal Dutch Shell Plc, Europe’s largest oil company, may cut additional staff at Gulf Coast refineries and chemical plants to reduce costs.
“We did cost reviews at all our Gulf Coast sites,” said Anne Peebles, a Shell spokeswoman. “I believe impacted employees have already been communicated to. Should future staff reductions occur, employees will be communicated with.”
The review is expected to be completed by the end of the year, according to Peebles, who declined to say how many employees have been let go.
Shell Email Leak Says US Convent Refinery Income Dismal -Blog
THE WALL STREET JOURNAL
JULY 17, 2009, 2.47 AM ET
LONDON (Dow Jones)–Income performance at Motiva Enterprises LLC’s Convent refinery near Baton Rouge in Louisiana has been dismal since July 2008 and the company needs to cut costs to return to profitability, according to an internal email from part-owner Royal Dutch Shell PLC (RDSB) which was leaked to a blog critical of the company.
“We are getting our costs in line at Convent in order to become competitive in a tough business environment,” the email sent to Motiva staff by manager David Brignac said. “We are considering reductions in operator positions, but no final decisions have been made on operator staffing levels,” he writes in the email posted Friday on royaldutchshellplc.com.
Inquest finds drowning of Shell refinery worker was accidental
MARTINEZ Friends and family of an Antioch man and Shell Martinez Refinery employee who drowned in a water tower at the facility shed tears of relief Thursday after jurors at an inquest into the death determined it was accidental.
Shell weighs staff cuts at U.S. Gulf refineries
HOUSTON (Reuters) - Shell Oil Co said on Thursday it was considering staff cuts at its refineries and chemical plants on the U.S. Gulf Coast to reduce costs in the current recession. Among the plants where reductions are being considered are the refineries Shell operates jointly with Saudi Aramco through Motiva Enterprises
Inquest under way into death of Shell refinery worker
MARTINEZ An inquest is under way today into the death of a veteran Shell Martinez Refinery worker who drowned in a water tower at the facility in April.
Email from Shell official fuels rumors of Convent Refinery sale
By John Donovan
The Shell internal email printed below, supplied to us by a Shell insider, was circulated earlier today by David Brignac, an official at the Shell/Motiva Convent refinery, described as “a strategic site for Motiva and Shell”.
The content seems to be a badly botched attempt to deal with a number of rumors causing anxiety that has led to many postings by refinery employees on our Shell Blog facility.
Brignac appears to pour fuel on an already inflammatory situation by admitting that income performance at the refinery since July of 2008 has been dismal. Notably, he does not categorically deny that cost cutting is being undertaken to “better position the refinery for a sale”, conceding that “whenever we as a business entity are not generating income we are not in control of our own destiny”. This appears to be a clear warning to the refinery employees.
Energy jitters in Nigeria
United Press International - News. Analysis. Insight. - 100 Years of Journalistic Excellence
LAGOS, Nigeria, July 16 (UPI) -- Foreign investors are exploring their options outside of Nigeria as the country lags in its obligations for resource development because of militant activity.
Fresh Air Fund-Racers team for the NYC Half-Marathon on August 16th
Hi again Alfred
I sent you an email last week and didn’t hear back so I thought I would try again. The Fresh Air Fund is still looking for runners and sponsors to join our Fresh Air Fund-Racers team for the NYC Half-Marathon on August 16th. It would be a huge help if you could post a mention of this exciting news on Royal Dutch Shell Plc .com. This is a great way to participate in NYC’s premier summer road race while helping Fresh Air Fund children. Please feel free to use anything from our site here:
http://freshair.org/racers
Jordan Parliament Approves Shell Oil Exploration Deal
AMMAN (Dow Jones)--The Jordanian Parliament has approved a multi-billion dollar concession agreement with Royal Dutch Shell PLC (RDSA) to explore oil from Jordan's vast oil shale resources, a person at the country's Natural Resources Authority, or NRA, said Thursday.
Nigerian militants declare ceasefire
A leading militant group in the oil-rich Niger Delta yesterday declared a 60-day ceasefire and said it would seek talks with the Nigerian government.
Advance notice of Shell 2nd quarter 2009 results
From a Royal Dutch Shell Press Release
Advance notice of 2nd quarter 2009 results and interim dividend announcement At 07.00 BST (08.00 CEST and 02.00 EDT) on Thursday 30 July, 2009 Royal Dutch Shell plc will release its second quarter results and second quarter interim dividend announcement for 2009. Register now for the webcasts. These announcements will be available on http://www.shell.com/investor. Two live audio webcasts will be hosted on Thursday 30 July: a media webcast and an analyst webcast: Media audio webcast |
Heritage Oil up on talk of Shell making bid
Shares in Heritage Oil, of which Mr Buckingham is chief executive and in which he has a 33 per cent stake, soared by more than 11 per cent amid speculation that Royal Dutch Shell may gatecrash its £3.5 billion merger with Genel Energy of Turkey.
Exxon’s algae to join biofuel push
ExxonMobil and Craig Venter, the pioneer of human genome research, have set up a $600m partnership to research the potential for making biofuels from algae.
Royal Dutch Shell rumoured to be interested in gatecrashing merger
Traders saw the logic in such a move. Not only would a bid for Heritage boost Shell's reserves, it would help it recover some ground against BP, whose consortium last month won the rights to develop Iraq's biggest oilfield.
Exxon’s algae
Energy Source (Ed Crooks): Exxon, the west's biggest oil company, has launched a new research programme into producing biofuels from algae, in a break from its general antipathy towards alternative energy.
Shell Claims Spot as World’s Largest Company
NEW YORK — Oil giant Royal Dutch Shell replaced mass retailer Walmart as the world’s largest company, according to the latest annual survey by Fortune magazine, which ranks the largest companies by revenues, not profits.
Up two spots from last year’s global list, the magazine said Royal Dutch Shell raked in $15 billion more in sales than No. 2-ranking Exxon Mobil. And as Europe’s largest oil producer, Shell doesn’t look to be slowing down, since it made a bold move by investing up to $18 billion in a plant in Qatar that would turn natural gas into cleaner-burning diesel fuel. It hopes to bring the Pearl GTL, as the facility is called, online by 2010 and expects it to produce enough fuel to fill more than 160,000 cars per day.
SMO Inc. Acquires 73 Shell Stations
LA PLATA, Md. — SMO Inc. an affiliate of Maryland-based branded wholesaler The Wills Group Inc., entered into a joint venture agreement with Motiva Enterprises LLC to form Potomac Energy Holdings LLC and subsequently acquired 73 existing Shell-branded retail locations in Maryland, The Wills Group stated.
As reported in a CSNews Online newsflash late yesterday, the stations, primarily in Montgomery, Prince Georges and Howard counties, will continue to operate under the Shell brand and sell Shell-branded fuels. SMO will provide management oversight of the locations as a part of its partnership with Motiva, according to the company. The new partnership committed more than $3 million for immediate investment in new equipment to better serve the customer transaction process, the company stated.
Nigerias Main Rebel Group Declares 60-Day Cease-Fire
Sabotage at Shells oil plants in the delta region, where it is the largest international producer, is the main reason behind an increase in worker deaths and oil spills last year, the company said at its annual general meeting at The Hague on May 19.
Oil industry profits expected to fall sharply
For the second straight quarter, Exxon Mobil, Royal Dutch Shell and most of the world's largest oil companies are poised to report quarterly earnings that pale in comparison to a year ago, when results were buoyed by crude prices that topped out near $150 a barrel.
Shell set to open first cluster of hydrogen filling stations
Shell today opens its second hydrogen filling station in the greater New York City area. With a third due to open in the area later this month and one already operating there for more than a year, this is Shell's first cluster of hydrogen filling stations.
Hindustan Petroleum Mulls Plan To Buy Shell NZ Assets-Source
MUMBAI (Dow Jones)--Hindustan Petroleum Corp. Ltd. (500104.BY) is considering a plan to acquire most of the downstream assets of Royal Dutch Shell Group (RD) in New Zealand, said a person with direct knowledge of the matter.
Heritage Oil jumps on Shell bid talk
The oil exploration sector is rife with takeovers and speculation at the moment, and traders are currently hearing of another possible bid, Royal Dutch Shell for Heritage Oil.
Heritage shares have jumped 29p to 469p on the tale, valuing the company at around £1.3bn. The wrinkle here is that Heritage has already agreed to a merger with Turkey’s Genel Energy, so Shell would be breaking up that little party if it is really interested. Shell, meanwhile, has seen its A shares slip 3p to £14.62.
New Brunei Oil Field To Start Production In Sep – Report
BEIJING (Dow Jones)--Brunei Shell Petroleum's Bugan field is on track to deliver its first oil in September after completing the construction of a high-tech platform a year ahead of schedule, the Brunei Times newspaper reported Tuesday, citing a company statement
Militant group attacks Lagos fuel facility
Nigerian militants yesterday used speedboats to attack a key fuel import facility in Lagos, killing eight navy guards and setting the facility ablaze in their first attack on the commercial capital.
BP shows rare acumen in solar move
Having worked consecutively in Shells solar division and BG Groups micro-power company, I experienced at close hand the trap of a green start-up without the focus on short-term positive cashflow, leading to its ultimate demise.
EPA issues order to Shell Guam Inc. to continue clean up work at Guam Facility
The U.S. Environmental Protection Agency has ordered Shell Guam Inc. to implement corrective actions and cleanup releases of hazardous waste at its facility located at Chalan Tenjo Vista, Piti, Guam.
Royal Dutch Shell drills ahead even with future uncertainty about crude oil prices
The Rigzone Newsletter for July 10 reported on Royal Dutch Shell's offshore drilling plans for the next few years.
US House passes limited Iran sanctions
Jerusalem Post
Jul 12, 2009
The US House of Representatives moved forward on limited Iran sanctions legislation this week in approving the foreign aid budget, despite White House opposition to expanded sanctions that it worries could threaten its policy of engagement.
The measure was part of a $48.8 billion foreign appropriations bill that passed 318-106 late Thursday. While the Senate version – likely to be approved later this month – doesn’t contain the Iran sanctions language, the House vote still gives a boost in entering the compromise version which the full Congress will ultimately need to vote on, expected some time this fall.
Shell says it will honour its word on Corrib emissions
SHELL E&P Ireland has written to individual Erris fishermen stating that it will honour its undertaking in relation to minimising harmful emissions from the Corrib gas refinery into the marine environment.
Shell begins production at Parque das Conchas (BC-10) offshore Brazil
Rio de Janeiro, July 13, 2009 - Shell today started production at its multi-field Parque das Conchas project 110 kilometres off Brazil's south-east coast, where heavy oil resources lie beneath waters nearly two kilometres deep in the Campos Basin.
Exxon Shale-Gas Find Looks Big
HOUSTON -- Exxon Mobil Corp. has been scouring the globe for natural gas locked inside shale formations, and said it thinks it may have a world-class find in Canada.
Nigerian Rebels Say Fighters Attack Lagos Oil Jetty
July 13 (Bloomberg) -- Nigerias main rebel group said it carried out an unprecedented attack on a jetty used to off- load oil tankers in Lagos, setting a depot and vessels on fire.
Shells Global Safety Day
Brindeds visit marks Shells Global Safety Day, when all Shell staff around the world down tools to renew their commitment to safety and achieving the goal of zero safety incidents at the workplace.
Mayo resident may inspect location of Shell pipeline
He has also sought an injunction restraining the defendants, Shell EP Ireland, from conducting further works along two specified locations on the pipeline route and restraining the defendants or its agents from videotaping or harassing him at or near Pollathomas.