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Posts on ‘May 11th, 2006’

MarketWire: Global Banking Giant ABN Amro Awarded for "Outstanding Environmental Hypocrisy" by Rainforest Action Network

Global Banking Giant ABN Amro Awarded for “Outstanding Environmental Hypocrisy” by Rainforest Action Network

Conservation Coalition Exposes Dutch Bank for Violating Commitment to the Environment by Bidding on Biggest Oil Drilling Project in History

SAN FRANCISCO, CA — (MARKET WIRE) — 05/11/2006 — A full page advertisement in today's Washington Post exposes Dutch banking giant ABN Amro's environmental hypocrisy for bidding to fund one of the most environmentally and socially destructive projects in history. The ad comes the day before ABN Amro is scheduled to accept the World Environment Center's 2006 Gold Medal Award for “International Corporate Achievement in Sustainable Development.” 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.

Itar-Tass: Shell to set up hi-tech systems at Russia's oil, gas fields

THE HAGUE, May 11 (Itar-Tass) – The Shell Company plans to be the first in Russia to set up high-technology systems at oil and gas fields.

Paul Ching, Vice-President of the Shell, told journalists on Thursday that by 2009 such systems would be set up at the Salym Fields in the Khanty-Mansi Autonomous Area and, possibly, under the Sakhalin-2 project, in which the Shell is the main shareholder.

Mr. Ching said the Company plans to set up 12 such systems within the next three years. They will make it possible substantially to boost the production of hydrocarbon fuel and extract it simultaneously from several strata, not just from one, as is primarily the case now. Besides, all the processes at oil and gas fields will be remote-controlled. read more

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THE WALL STREET JOURNAL: Oil-News Roundup 11 May 2006: "DEATH IN NIGERIA"

Oil-News Roundup

The WALL STREET JOURNAL ONLINEMay 11, 2006

Crude-oil futures surged to nearly $73 a barrel on the New York Mercantile Exchange — though today's supply-problem spots included Nigeria and Texas, rather than just Iran, which has been the biggest source of market anxiety in recent weeks. Here is today's well of news about oil and fuel prices.

* * *

DEATH IN NIGERIA: Nigerian militants shot and killed an employee of Houston oil-services company Baker Hughes in the southern city of Port Harcourt. Though several Nigerian troops and civilians have died during months of militant attacks on foreign oil facilities in the Niger Delta, this was believed to be the first foreign death in the campaign. Baker Hughes didn't identify the victim, but the BBC reported that he was a U.S. national. The best-known militant group in the region, the Movement for the Emancipation of the Niger Delta, told the Associated Press it wasn't responsible for the killing. MEND, which has been fighting for more local involvement in Nigeria's lucrative oil industry, had earlier this week warned of more attacks on foreign oil facilities. The militant attacks have shut down about a fifth of Nigeria's total daily production, putting upward pressure on global crude prices. 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 WALL STREET JOURNAL: Bolivia, Brazil Tread Delicate Line In Energy Talks

Bolivia, Brazil
Tread Delicate Line
In Energy Talks

By DAVID LUHNOWMay 11, 2006; Page A10

LA PAZ, Bolivia — Bolivia and Brazil began tough negotiations yesterday on terms of Bolivia's recent decision to nationalize its oil-and-gas industry, as well as its desire to raise the price of gas it exports to its energy-hungry neighbor.

How talks play out over the next few months will shape the development of South America's energy market over the next few years.

If Bolivia's terms are too tough, foreign firms that operate here, such as Brazil's Petróleo Brasileiro SA, known as Petrobras; Spain's Repsol YPF; and France's Total SA, may stop investing in finding new gas supplies or simply walk away, leaving Bolivia to try to manage fields it hasn't run for nearly a decade. Either move would hurt the economy in South America's poorest nation, home to the region's second-biggest gas reserves after Venezuela. 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 WALL STREET JOURNAL: Baker Hughes Employee Killed In Nigeria as Unrest Continues

Baker Hughes Employee Killed
In Nigeria as Unrest Continues

DOW JONES NEWSWIRESMay 10, 2006 6:20 p.m.

LONDON — An expatriate employee of U.S. oil services company Baker Hughes Inc. was shot and killed in Nigeria on Wednesday, a company spokesman said in what is the  the latest wave of militant ubroke out in Nigeria six months ago.

“This morning, I can confirm, that an employee of ours was shot and killed today in Port Harcourt,” Baker Hughes spokesman Gene Shiels told Dow Jones Newswires, referring to the Nigerian oil city in the southern Nigeria. 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: Windfall profits tax unlikely as oil prices continue to soar

Windfall profits tax unlikely as oil prices continue to soar
Irish Independent; May 11, 2006

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Despite a 40pc hike in the cost of oil this year, ministers reject calls for a tax as companies generate profits of $17bn – $8m an hour -in the first quarter 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.

Asia Pulse: SAMSUNG HEAVY CHRISTENS WORLD'S LARGEST OFFSHORE PLATFORM

SAMSUNG HEAVY CHRISTENS WORLD'S LARGEST OFFSHORE PLATFORM
Asia Pulse; May 11, 2006

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SEOUL, May 11 Asia Pulse – Samsung Heavy Industries Co. (KSE:010140), the global industry's No. 3 shipbuilder, today held a christening ceremony for the world's largest offshore platform, the company said. 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 Independent: 'Oil companies mask corporate greed and environmental devastation with very slick PR'

Julia Stephenson
The Independent – United Kingdom; May 11, 2006

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This month's Vanity Fair is a gloriously green confection. Its cover features Julia Roberts swathed in arboreal headgear, a bucolic-looking Al Gore, plus Bobby Kennedy Jr, kneeling on a pile of moss. Hordes of other gorgeously green luminaries are featured within its pages. So imagine my surprise when I spotted Lord John Browne, chairman of BP, gushingly praised for his dazzling eco-friendly credentials. 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: Exploiting Corrib gas

Exploiting Corrib gas
Irish Independent; May 11, 2006

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I was delighted to read your report (Irish Independent, May 5 ) that Mr Andy Pyle, Managing Director of Shell, had apologised to the people of Mayo affected by Shell's actions in relation to the building of the Corrib gas pipeline (“Hopes of breakthrough as Shell says sorry over Rossport Five jailings”). 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 pipeline judgment reserved

Shell pipeline judgment reserved
Irish Times; May 11, 2006


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The High Court has reserved judgment on applications for discovery of documents for the hearing of proceedings linked to the construction of the controversial high-pressure gas pipeline near Rossport in Co Mayo. 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: US Oil Executive Shot Dead in Nigeria

US Oil Executive Shot Dead in Nigeria

By REUTERS
Published: May 10, 2006

Filed at 1:26 p.m. ET

Skip to next paragraph Reuters

PORT HARCOURT, Nigeria (Reuters) – An executive of U.S. oil service company Baker Hughes was shot dead in an apparently planned assassination in Nigeria's oil heartland on Wednesday, authorities said.

It was not immediately clear if the killing in the oil city of Port Harcourt was related to a five-month campaign by militants to cripple the oil industry in the world's eighth largest exporter, but a diplomat and an oil company source said they thought not. 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: Why Shell should sell off its offshore site

Why Shell should sell off its offshore site

Irish Independent; May 11, 2006

BELATED political leadership is turning sentiment against the Rossport Five.

But there are doubts about Shell's competence to resolve the Corrib development: Last week Shell bosses seemed to say that they would move gas processing offshore – before reneging on this soon afterwards.

The real reason is that would cost 300m and the original gas sale deal did not extract the highest price from Bord Gais. 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: Winners and losers in high prices lottery

Winners and losers in high prices lotteryBy Rebecca Breamand Mark Odell
Published: May 11 2006 03:00 | Last updated: May 11 2006 03:00

High prices for a range of commodities, from copper and gold to coal and oil, have stimulated frantic activity in the natural resources industries.

//

But the increase in activity has led to severe shortages in drilling equip ent, specialist vehicles and skilled workers. 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.

Monsters and Critics.com: Shell puts employees on alert after renewed violence in Niger Delta

Abuja – Royal Dutch Shell put its workers in Nigeria on alert Wednesday after an American, believed to be working for an oil firm, was shot and killed in the Niger Delta.

The as yet unidentified American was shot at close range Wednesday in the Abuloma area of the southern Nigerian city of Port Harcourt. The assailant was reportedly riding a motorcycle when he pulled close to the car of the victim and fired.

A senior police official in Port Harcourt said the victim was an employee of an oil company, adding that police were still searching for the assailant. 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.