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Posts on ‘August 12th, 2006’

CNNMoney.com: Executive bookmark: What does it take to be big? To learn more about the top five companies, check out these books and websites.

Fortune Magazine Feature published July 24 2006 issue

Posted CNNMoney.com: August 2 2006: 2:13 PM EDT

(Fortune Magazine)

1. Exxon Mobil

Book: The End of Oil: On the Edge of a Perilous World, by Paul Roberts. Are Exxon’s days numbered?

Web: www.exxonmobil.comwww.topix.net/forum/com/xom

2. Wal-Mart

Book: The Wal-Mart Effect: How the World’s Most Powerful Company Really Works–and How It’s Transforming the American Economy, by Charles Fishman. It’s not just a business anymore. 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.

Huub van Haelen takes issue with Guardian article: oil refinery gives greenhouses a boost with CO2 pipeline

Huub van Haelen takes issue with the article below published in The Guardian newspaper today.

The Guardian: Oil refinery gives greenhouses a boost with CO2 pipeline

Comment by Huub van Haelen

Please note, this information is incorrect!

The first studies were conducted by Lillian McDonald, Paul Sanders and myself in 1992. Supply of co-generation unit exhaust gasses from the natural gas production location Gaag (near Hook of Holland) to the greenhouses opposite the road. Study was conducted for NAM, a Shell subsidiary in The Netherlands. The idea was mine, I commissioned Lililian McDonald to do the calcs and Paul Sanders to run the economics. 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.

Petroleum News: Shell postpones Beaufort Sea well cellar work until 2007

Shell is postponing the excavation of well cellars in the federal waters of Alaska’s Beaufort Sea until 2007. The company had been planning to excavate the well cellars, also known as glory holes, using the Kulluk drill ship during the 2006 open water season in order to get a jump on drilling for the following year.

“Mud line cellar work is scheduled for 2007 and this adjusted schedule will allow the necessary time for comprehensive planning including extensive stakeholder consultation, regulatory review and staging,” a company official in Anchorage told Petroleum News Aug. 8. 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.

Petroleum News: Situation normal — upheaval rules

EXTRACT: On the heels of Shell Canada’s startling revelation that the cost of its proposed Athabasca expansion may have soared 75 percent in the past year to C$12.8 billion…

THE ARTICLE

Total shuffles Joslyn completion; Imperial looks for cost-cutting; Suncor tight-lipped about costs; Enbridge Chinese deal slowed

By Gary Park
For Petroleum News

Even for the topsy-turvy world of the Alberta oil sands the last couple of weeks have been enough to make heads spin as companies wrestled with the timing of mega-projects, clammed up on the costs of future expansions and caused uncertainty about whether a deal with Chinese refiners is still achievable. 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.

Petroleum News: Russia using environmental challenges

Government appears to be putting pressure on Shell and other multinationals to win concessions for state-controlled companies

By Allen Baker
For Petroleum News

Royal Dutch Shell and other big multinationals working in Russia are seeing a variety of bargaining tools being used to pry concessions from them in favor of state-controlled entities.

The environmental ace is one of the cards now being played. On Aug. 3, Russia’s Natural Resources Ministry called for Shell to halt pipe-laying operations at its Sakhalin 2 project. The next day, the ministry said it would challenge the pipeline’s underlying environmental plan in court. 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: BP’s Alaska Woes Are No Surprise For One Gadfly

EXTRACT: One indicator of the impact of the Prudhoe Bay closure: It was enough to knock BP off the pedestal as Europe’s largest oil company. That spot is now held by Royal Dutch Shell PLC, after BP’s stock-price declines erased a big chunk of BP’s market value over the past week or so.

THE ARTICLE

Charles Hamel , a Conduit
For Issues Raised by Workers,
Had Alerted EPA of Problems
By JIM CARLTON
August 12, 2006; Page B1

ALEXANDRIA, Va. — When the giant oil company BP PLC announced a week ago it would shut down its massive Prudhoe Bay oilfield in Alaska because of corrosion problems, the news surprised many. It surprised the energy markets, which sent oil prices up $2 a barrel. It surprised Wall Street, which pushed BP shares down. 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: Oil News Roundup: August 11, 2006 4:53 p.m.

THE WALL STREET JOURNAL ONLINE

Oil futures edged higher on the New York Mercantile Exchange, ending the day at $74.35 a barrel, a day after losing $2 a barrel on worries that news of a terrorist plot targeting major airlines could hurt demand for jet fuel.

Here’s Friday’s roundup of energy-related news:

* * *
PRUDHOE PRICE RISES: BP said the cost to repair and replace leaking pipelines at Prudhoe Bay, the nation’s largest oil field, could be about $170 million. Yesterday, Reuters reported the tab could be $100 million. And it could keep growing: The company said its estimate was only a rough first guess. BP also said it would decide today whether to keep the western part of the field operating. Previously, it had said it would wait until next week to make that announcement. 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 Guardian: Oil refinery gives greenhouses a boost with CO2 pipeline

James Randerson, science correspondent
Saturday August 12, 2006

A project to reduce the carbon dioxide emissions from oil refineries by using the gas as “fertiliser” in commercial greenhouses has been so successful it is being extended.

The project, which adds new meaning to the term “greenhouse gas”, is the first in the world. It distributes CO2 from Shell’s Pernis refinery outside Rotterdam to 400 greenhouses, saving a large amount of natural gas each year, which is equivalent to 170,000 tonnes of CO2. 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: Rossport group to finish its ‘long walk’ to Dublin

By: Lorna Siggins, Western Correspondent, Irish Times
Published: Aug 12, 2006

The Lord Mayor of Dublin, councillor Vincent Jackson, intends to welcome members of Mayo’s Rossport community to the city today when they complete their 300km “long walk” from the west.

The group left the Erris peninsula last month to highlight issues relating to the 900 million Corrib gas project. They were joined at stages by some of the five men jailed last year over their opposition to the Corrib onshore pipeline and were accompanied throughout by the Shell to Sea campaign trailer. 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: Energy market vulnerability highlighted by volatile week

EXTRACT: There was better news from Nigeria as Shell repaired a pipeline allowing 180,000 barrels a day of output to be restored, but this was tempered by more kidnappings by militants.

THE ARTICLE

By Chris Flood
Published: August 12 2006 03:00 | Last updated: August 12 2006 03:00

Energy markets experienced an extraordinary week after a pipeline leak led to the closure of the largest oilfield in North America, pushing Brent to a record $78.64 a barrel on Monday.

Investors had scarcely digested the implications of the loss of production from Prudhoe Bay in Alaska before the market was stunned by Thursday’s news that UK police had foiled a terrorist plot to blow up transatlantic passenger aircraft in mid-flight. Oil prices fell sharply on Thursday in a knee-jerk reaction, reflecting fears that demand for air travel could be hit, but they rebounded 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.

Financial Times: Oil price cuts the downside for BP

By FT Reporters
Published: August 12 2006 03:00 | Last updated: August 12 2006 03:00

BP may find much of the cost of shutting its Prudhoe Bay oilfield in Alaska will be met by the rise in the price of oil that followed. But, one week after the decision to close North America’s largest field, that is the extent of the good news.

The company’s stock has been hit, Alaska’s governor wants compensation for lost taxes and royalties, and the Republican chairman of the House committee on energy and commerce is asking uncomfortable questions. 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: Venezuela looks to Shell’s ICP technology for the Orinoco

CARACAS (MarketWatch) — Venezuela is interested in deploying Royal Dutch Shell PLC’s (RDSA.LN) In-situ Conversion Process technology, or ICP, in the Orinoco river basin to help improve recovery rates at extra-heavy oil fields, said an official at state firm Petroleos de Venezuela SA.

“We’re interested in a technology that Shell has…that upgrades crude at the oil field,” Eulogio Del Pino, a director at PdVSA, said late Thursday.

Shell first began developing ICP technology, which inserts electric heaters in oil wells to improve flow rates and the quality of the oil before it reaches the surface, in the 1970s. Shell hopes to use the technology to unlock reserves of shale oil in Colorado, but says the technology can also be used in the Orinoco. 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.
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