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Posts on ‘June 11th, 2006’

African News Dimension, South Africa: “SHELL TO RESUME OIL ACTIVITIES IN OGONILAND SOON”

Shell Petroleum Development Company (SPDC) will soon resume oil exploration and production activities in Ogoni land, in Rivers State, minister of state for petroleum resources, Edmund Daukoru, has said.
 
Daukoru told correspondent of the News Agency of Nigeria (NAN) in Caracas that the SPDC was eager to resume oil activities in the area after the reconciliatory meeting with the Ogoni people.
 
“The peace initiative in the Ogoniland handled by Hassan Kukah was a victory to the area and the country in general,” he said.  According to him, SPDC will soon convene a meeting with the two united Ogonis to expedite the process of resumption of oil activities in Ogoni land.
 
He explained that Ogoni land was an important site for both the SPDC and the country and that the loss arising from non oil activities in the area over a long time was colossal.
 
Daukoru expressed optimism that the huge loss incurred would be recovered in no distant future.
 
He assured that the Ogoni youths were willing to welcome SPDC back in the area for oil exploration and production activities.
 
The SPDC which is the leading oil production company in the country, pulled out of the Ogoni land in the 1990s.
 
Meanwhile, the minister announced that the cost of the Trans-Sahara gas pipeline project had been reviewd up to $9 billion from the initial $6 billion due mainly to logistics.
 
He said that the initiators of the project (Nigeria and Algeria) had concluded agreement to fund the project given its viability.
 
He said that Niger Republic had indicated interest to be part of the project.
 
The project involves constructing hundreds of kilometres of pipeline and supplying gas in those pipelines from Nigeria to Algeria through Niger and to the European market. read more

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

Reuters: Nigeria pumps 2.4 mln bpd, sees 3 mbpd by year-end

Sun Jun 11, 2006 9:17am ET

KUALA LUMPUR, June 11 (Reuters) – Nigeria’s oil production stands at 2.4 million barrels per day and will approach 3 million bpd due to increased production from new deepwater fields, senior oil official Edmund Daukoru said on Sunday.

He also said he remained hopeful that the 550,000 bpd of production shut since February by militant attacks would return to service in a month, although he said operator Royal Dutch Shell (RDSa.L: Quote, Profile, Research) feared it would take longer to restore output. read more

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

Petroleum News: BP confirms receiving subpoena in Alaska

The Associated Press

British oil company BP PLC confirmed June 8 it had received a subpoena from a U.S. grand jury investigating a massive oil leak in Alaska.

BP blamed the incident at Prudhoe Bay field in March, the largest ever spill on Alaska’s North Slope region, on a small hole caused by corrosion in a pipeline.

“We are fully cooperating with the investigation and we are carrying out our own investigation into what caused the corrosion,” BP London-based spokesman David Nicholas said. “We believe that our actions were at all times proper.” read more

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

Sunday Telegraph: Sunday business comment: Too much local power

By Sylvia Pfeifer, Deputy City Editor

Energy is a hot topic in Whitehall these days. Alistair Darling, the secretary of state for trade and industry, had his first run-out with the utility sector at a private dinner last Tuesday. Chief executives from, among others, ScottishPower, Scottish & Southern Energy and E.On UK had the chance to air some of their grievances.

It may surprise some that top of their list was not high energy prices or the energy review, but planning.

Thanks to our ridiculous planning laws, it often takes years to get a decision on an application – at a cost of millions of pounds. It took ScottishPower, for example, five years to get approval for its new windfarm at Whitelee, south of Glasgow. The £300m project will be the largest onshore windfarm in Europe and will save about 650,000 tonnes of carbon dioxide each year. read more

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

Sunday Telegraph: That was the Week that Was…Business: Cut greenhouse gas, Shell says

Senior figures from 14 British companies, including the chairman of Shell, called upon the Government to impose tougher limits on greenhouse gas emissions. As well as improving the environment, they told the Prime Minister on Monday, such measures could push Britain to become a world leader in low-carbon and low-energy technologies.

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

The Guardian/The Observer: If Blair can’t save the world for us, then business will

Simon Caulkin, management editor
Sunday June 11, 2006

The world’s gone upside down. First, there’s David Cameron championing the public sector ethos and suggesting there’s more to politics than economic growth; then last week 14 of the UK’s corporate great and good, including establishment firms such as Shell, Tesco, B&Q and Standard Chartered Bank, trooped along to Downing Street to lobby the government for tougher targets on greenhouse gases. Something wrong, surely. Shouldn’t it be the government that’s the guardian of the greater good, while business resists any limitation on its ability to make profits? read more

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

Associated Press: New Orleans court OKs Shell’s offshore LNG terminal

NEW ORLEANS A federal appellate court in New Orleans has ruled against a coalition of environmental and fishermen groups that sought to stop the Shell Oil Company from building a liquefied natural gas terminal off Louisiana’s coast.

The 5th U-S Circuit Court of Appeals says the U-S Department of Transportation “did not act arbitrarily or capriciously” when it issued a license for the terminal. The ruling was dated yesterday.

The three-judge appeals panel included Judges Patrick E. Higginbotham, W- Eugene Davis and Carl E. Stewart. Davis wrote the opinion. read more

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

Sunday Telegraph: Businesses flee the leaner, meaner taxman

By Robert Watts (Filed: 11/06/2006)

Some companies are prepared to move abroad to avoid Britain’s powerful merged tax agency. Robert Watts reports

A menacing metamorphosis underway in Whitehall is causing considerable alarm to British business. Companies are concerned over what they regard as the growing power of HM Revenue & Customs, the Government’s new tax department.

Created last year when the Inland Revenue merged with HM Customs & Excise, HMRC is today a vast organisation run by David Varney, the former chairman of O2, and involving more than 100,000 employees, 906 different offices and annual tax revenues of £400bn. read more

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.