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Posts on ‘May 6th, 2006’

Daily Telegraph: Obasanjo's greed for power 'risks civil unrest' in Nigeria

Obasanjo's greed for power 'risks civil unrest' in Nigeria
By David Blair, Africa Correspondent
(Filed: 06/05/2006)

Nigeria's leader was yesterday accused of risking chaos in Africa's most populous and oil-rich country as he began rewriting the constitution in order to retain power.

President Olusegun Obasanjo, a favourite of western governments and key ally of Tony Blair's campaign to aid Africa, is pushing the national assembly to extend his rule. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

ShelltoSea.com: This is a case of the people versus Corporate/State power.

People in Erris, across the country, and internationally have been working flat out to ensure the Corrib gas project WILL NOT go ahead as planned. They refuse to be bullied by the might and arrogance of global corporate power and their political allies.

There is more evidence than ever that the planned gas pipeline and terminal will bring horrific environmental, health, safety, social, economic and political consequences. Far from being a local issue as elements of the media sometimes suggest, this is an issue of international significance and its ramifications will be felt the length and breath of Ireland for generations to come. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Yahoo! News: Dutch formin told Shell to win Kazakh rights-paper

Dutch formin told Shell to win Kazakh rights-paper

AMSTERDAM, May 6 (Reuters) – Dutch Foreign Minister Bernard Bot received a personal assurance from the Kazakh President that Royal Dutch Shell Plc would win oil exploration rights to the Nursultan block, Dutch paper De Telegraaf reported on Saturday.

President Nursultan Nazarbayev had given his word Shell could operate in the block in the south of the Kazakh sector of the Caspian Sea, the paper said, citing sources.

The Dutch Foreign Ministry was not immediately available for comment.

The paper said Shell was looking to gain a 30 percent interest in the block, but difficulties were emerging, relating to the United States. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

BBC News: Petrol firm suspends chip-and-pin

Petrol firm suspends chip-and-pin

Shell logo

Shell said the suspension of chip and pin was a temporary measure

Petrol giant Shell has suspended chip-and-pin payments in 600 UK petrol stations after more than £1m was siphoned out of customers' accounts.

Eight people, including one from Guildford, Surrey and another from Portsmouth, Hants, have been arrested in connection with the fraud inquiry.

The Association of Payment Clearing Services (Apacs) said the fraud related to just one petrol chain.

Shell said it hoped to reintroduce chip-and-pin as soon as possible.

Plastic crime read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

MarketWatch: Shell Nigeria announces Bonga North oil, gas discovery

Shell Nigeria announces Bonga North oil, gas discovery

 

 

LAGOS (MarketWatch) — Shell Nigeria Exploration and Production Company, or Snepco, announced Friday the successful outcome of exploration work at its deep water Bonga North oil and gas prospect, offshore Nigeria.

 

Other co-ventures in the OML 118 exploration are ExxonMobil Corp. (XOM) unit Esso Exploration and Production Nigeria (Deepwater) Ltd, Eni subsidiary Nigerian Agip Exploration Limited, and Total SA (TOT) subsidiary Elf Petroleum Nigeria Limited. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Financial Post (Canada):Kyoto finds support in industry circles: Shell Canada CEO urges others to get on board with plan

Kyoto finds support in industry circles: Shell Canada CEO urges others to get on board with plan
Financial Post – Canada; May 06, 2006

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\OTTAWA – The Kyoto protocol is getting some surprising endorsements from Canadian industry leaders who are growing impatient with the uncertainty surrounding the new Conservative government's approach to climate change. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Irish Independent: Offshore platform at Corrib 'not viable'

Offshore platform at Corrib 'not viable'
Irish Independent; May 06, 2006

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AN offshore platform to bring gas from the Corrib field 83 kilometres off the Co Mayo coast was effectively ruled out by Shell managing director yesterday. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

THE NEW YORK TIMES: All Smoke, No Fire in Bolivia

All Smoke, No Fire in Bolivia

By WILLIAM POWERS
Published: May 6, 2006

La Paz, Bolivia

Skip to next paragraph

Readers’ Opinions

Forum: Central and South America

OUT for a stroll here this past Monday, I stopped in my tracks. Bolivian soldiers had surrounded my local gas station, where a banner read, “Property of the Bolivian State.” They were among several thousand soldiers posted at the more than 50 oil fields and refineries around this landlocked nation, which holds the continent's largest natural gas reserves after Venezuela. Latin America's newest populist leader, President Evo Morales, had just issued a decree nationalizing Bolivia's petroleum. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

THE NEW YORK TIMES: As Profits Surge, Oil Giants Find Hurdles Abroad

As Profits Surge, Oil Giants Find Hurdles Abroad

Published: May 6, 2006

To many Americans, oil companies like Exxon Mobil or Chevron appear all powerful, pocketing record profits as energy costs soar. But in many countries around the world, high oil prices are also making life considerably harder for big oil companies.

Skip to next paragraph Enlarge This Image

Noah Friedman-Rudovsky for The New York Times

Bolivia, which took control of oil and gas fields this week, wants a larger portion of sales from the big fields.

Multimedia

The Largest Oil Reserves

Graphic: The Largest Oil Reserves

Sharply higher energy prices have shifted the power to oil-producing countries, as some governments seek a larger share of the riches. As a result, even as Western oil companies expand their reach through acquisitions and multibillion-dollar projects, a resurgence of nationalist policies is weakening their influence. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Irish Times: Offshore platform not viable, says Shell

Offshore platform not viable, says Shell
Lorna Siggins and Tom Shiel
Irish Times; May 06, 2006

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Shell E&P Ireland has ruled out an offshore processing platform for the Corrib gas field. Managing director Andy Pyle said in Castlebar, Co Mayo, yesterday that an offshore terminal had been discounted previously for good reasons involving safety, environmental and technical matters. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Financial Times: Sights trained on the usual suspect

Sights trained on the usual suspectBy Kevin Morrison and Christopher Brown-Humes
Published: May 6 2006 03:00 | Last updated: May 6 2006 03:00

The speculator is back as the market bogeyman.


//

He has long been blamed as the agent of boom and bust, whether in Dutch tulips or dotcom shares.

Precisely who or what he is, is seldom made clear. But everyone, it seems, agrees on where he is: the speculator is in the wrong. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

THE TIMES: Shell scraps reserves target as it pushes up spending

Shell scraps reserves target as it pushes up spending

By Carl Mortished, International Business Editor

ROYAL Dutch Shell yesterday abandoned its target of replacing every barrel pumped from its proven reserves, as it raised spending to record levels in an effort to boost its oil and gas output.

The oil major said that it would raise its spending from a budgeted $19 billion (£10 billion) this year to $21 billion next year, the highest among its peers, with a focus on oil sands and synthetic fuels. However, the Dutch company is being forced to shelve projects because of a scarcity of skilled labour and equipment.


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Jeroen van der Veer, Shell’s chief executive, said that the group still intended to meet its target of four million barrels per day by 2009 but its focus on unconventional hydrocarbons, such as its Canadian oil sands business and a gas-to-liquids project in Qatar, might prevent it from meeting a target of 100 per cent replacement of proven reserves as defined by the US Securities and Exchange Commission.

Shell is struggling to replace each barrel it pumps from the ground and replaced only between 60 and 70 per cent of the 3.5 million barrels per day produced last year. The company is hamstrung by regulation because some six billion barrels locked in Albertan oil sands are excluded from its proven reserves by SEC rules, which define these as mining operations, not oil exploration. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Irish Times: Shell looks at other routes for Corrib gas pipeline

Lorna Siggins, Marine Correspondent
Irish Times; May 05, 2006

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Shell E&P Ireland is looking at alternative routes for the Corrib gas onshore pipeline in north Mayo, it has emerged. Andy Pyle, Shell E&P Ireland's managing director, said the company had looked anew in recent weeks at locations considered in the original environmental impact statement (EIS) for the project. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

AFX Europe (Focus): U.S. oil sector braces for another big hurricane season – UPDATE 2

U.S. oil sector braces for another big hurricane season – UPDATE 2
AFX Europe (Focus); May 06, 2006

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HOUSTON (AFX) — Even as coastal residents from Louisiana to Alabama were rebuilding lives and homes shattered by the deadliest U.S. hurricane season on record, one of the nation's top forecasters warned Friday that 2006 is shaping up to be another brisk year of storms. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

THE NEW YORK TIMES: Shell Likely to Win Kazakh Oil Exploration Rights

Shell Likely to Win Kazakh Oil Exploration Rights

By REUTERS
Published: May 5, 2006

Filed at 4:49 a.m. ET

Skip to next paragraph Reuters

ALMATY (Reuters) – Royal Dutch Shell Plc (RDSa.L) is likely to win oil exploration rights to the Nursultan block in the south of the Kazakh sector of the Caspian Sea after winning political backing, the Dutch Foreign Ministry said on Friday.

“Things are looking good now and we expect the deal to go ahead,'' Herman van Gelderen, spokesman for Dutch Foreign Minister Bernard Bot, said after talks between Bot and Kazakh President Nursultan Nazarbayev on Thursday. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Financial Times: Oil wrestling: how nationalist politics has muscled back into world energy

Oil wrestling: how nationalist politics has muscled back into world energy

By Javier Blas and Carola Hoyos
Published: May 5 2006 03:00 | Last updated: May 5 2006 03:00

More than a decade after founding the Organisation of the Petroleum Exporting Countries, Juan Pablo Perez Alfonzo fell out of love with oil.

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Deeply disappointed by the destructive impact high oil prices had had on petroleum-producing nations such as his native Venezuela, in 1976 he branded it the “devil's excrement”. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.