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Posts on ‘August 18th, 2006’

The Associated Press: Offshore oil bids highest in eight years; Louisiana still unhappy

NEW ORLEANS — Bidders largely ignored court challenges to additional petroleum drilling off the coasts of Texas and Louisiana and made $340.9 million in high bids for 381 offshore tracts.

The bid total was the highest in eight years for the federal government’s annual sale of exploration leases in the western Gulf of Mexico. In last year’s sale, the Minerals Management Service accepted $283.4 million on 342 tracts.

Foreign-owned companies were among the top bidders.

Petrobras America Inc., a subsidiary of the Brazilian national oil company Petrobas and a major player in Gulf lease sales since 2004, was the highest total buyer, putting in 34 winning bids valued at $45.5 million. 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.

ST. LOUIS POST-DISPATCH: Oil companies to expand vapor recovery system

By Terry Hillig
Friday, Aug. 18 2006

HARTFORD

Oil companies working with the U.S. Environmental Protection Agency will expand
a system that collects vapors from an underground pool of gasoline.

The system recovers the vapors and pipes them to the former Premcor refinery
for burning. The expansion will include piping along additional streets and
more extraction wells. Work will begin early next month.

It’s all part of an effort to eliminate a decades-old problem. Residents of
northern Hartford have complained for 40 years about hydrocarbon fumes that
enter their homes through the ground. 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.

Business Wire: KBR Joint Venture Signs Contract with Shell for Largest Gas to Liquids (GTL) Project in History

KBR Joint Venture Signs Contract with Shell for Largest Gas to Liquids (GTL) Project in History; KBR/JGC Team to Provide EPC And Project Management Services for Pearl GTL Complex in Ras Laffan, Qatar

HOUSTON–(BUSINESS WIRE)–Aug. 18, 2006–KBR announced today that it has signed a contract to provide project management and cost-reimbursable engineering, procurement and construction management (EPCM) services to Qatar Shell GTL Limited, a Royal Dutch Shell plc subsidiary, for the Pearl Gas to Liquids (GTL) project in Ras Laffan, Qatar. KBR, the engineering, construction and services subsidiary of Halliburton (NYSE: HAL) will undertake the work in a joint venture with JGC of Japan, incorporating the services of MWKL, a KBR/JGC subsidiary. 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.

Aberdeen Press & Journal: Top BP bosses facing action over pipelines

17 August 2006

OIL giant BP faced fresh controversy yesterday after shareholders filed a lawsuit against senior executives following the partial shutdown of its Prudhoe Bay oil field in Alaska.

BP was forced to slash production at Prudhoe Bay – the largest oil field in the US – after the discovery of corrosion in pipelines last week.

Highly respected BP chief executive Lord Browne of Madingley and other senior executives now face legal action after shareholders alleged the company knew about the pipeline corrosion for years. 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.

ShellNews.net: Comments on Shell Brent Scandal received from a Shell insider

Dear Sir

I work for Shell and as you have mentioned yourself several times on your site, there is a strong reason to remain anonymous and I assume you will respect this.

Recently my attention was called to your site and I read about the tragic Brent fatalities. Your personal remarks in several postings are spot-on: people are afraid to speak out since it may have severe consequences if the boss does not like it.

This generally means requests for budget to fix things are frowned upon, since some directors see this as wasting money and steering profit away from the shareholders. It also may look bad on their scorecard, no matter how much effort is spent spinning stories these scorecards are ‘balanced’ in order to keep everyone honest. 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.

ShellNews.net: legal proceedings against Shell in Houston for fraud and theft of intellectual property

Introduction to RIGZONE article by John Donovan

The RIGZONE article below mentions a Surface BOP system.  We understand that this specialist system is currently the subject of legal proceedings against Shell in Houston for fraud and theft of intellectual property. A related criminal injunction has allegedly been obtained against Shell in Egypt.

If any of the Shell lawyers who monitor this site take issue with the accuracy of our reporting on this matter they are welcome to contact me to put the record straight. If we hear nothing, we will conclude that the information which comes from a reliable Shell insider source is correct. 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.

Shell Brent Scandal: Leaked Feb 2006 Inspection Report containing damning photographic evidence

By John Donovan

We have been supplied with a copy of a leaked M B Close Visual Inspection Report dated 24 February 2006 carried out for Shell on the Brent Bravo platform. M B Inspection is a major provider of Integrity Engineering, Inspection and other specialist services to the Oil & Gas and Petrochemical Industries. 

The M B inspection was performed early in February 2006 on the stairwell of the Brent Bravo platform utility leg where two men, Keith Moncrieff and Sean McCue, were killed in September 2003. The recent related Fatal Accident Inquiry concluded that their deaths were preventable. 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.

Reuters: Tighter oil market grip seen as China nears WTO duty

EXTRACTS: Industry insiders say the final rules may emerge just days before the December 11 deadline. But they are not banking on much more leniency that would pave the way for global majors such as BP Plc and Royal Dutch Shell to expand their fuel supply networks in the world’s most-populous nation.  Majors such as BP and Shell run hundreds of retail stations along the booming coast, but covet the freedom to move fuel between regional refineries, uniting Chinese operations with their dynamic global trading systems. 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: Mexico Takes Delivery Of First LNG Cargo From Shell Venture

By JEANINE PREZIOSO and BERND RADOWITZ
August 18, 2006; Page A6

HOUSTON — Mexico received its first shipment of liquefied natural gas, marking the commissioning phase of the nation’s first LNG regasification plant.

The cargo was delivered from Royal Dutch Shell PLC’s Bonny liquefaction plant in Nigeria to the Altamira terminal on Mexico’s northeastern coast, Shell has a 50% stake in the terminal, and Total SA and Mitsui & Co each have 25% shares. Subsequent LNG cargos will be delivered by Shell, which owns 75% of the terminal’s capacity rights, while Total has a 25% capacity stake, Shell 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 Wall Street Journal: Oil News Roundup: August 17, 2006 5:18 p.m.

THE WALL STREET JOURNAL ONLINE
August 17, 2006 5:18 p.m.

Crude-oil futures fell for the fourth straight day, losing nearly $2 a barrel to settle at $70.06 on the New York Mercantile Exchange, their lowest close since June 20. Oil has fallen more than $4 a barrel, or nearly 6%, this week after a cease-fire in the Middle East. Here is Thursday’s roundup of energy-related news:

* * *
IRAQI FUEL SHORTAGE: Before the Iraq war began, U.S. officials hoped the country’s vast oil wealth would help to pay for its reconstruction. Instead, oil production has been disrupted by constant sabotage, corruption and aging refineries; as a result the country is suffering from a severe fuel shortage. Iraqi officials announced plans to double their spending on imported oil products. 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.

Daily Telegraph: Energy Database: Friday 18 August 2006

• Royal Dutch Shell and ConocoPhillips hired tankers to carry crude oil from Asia to the US West Coast to cover a shortfall caused by the partial closure of the US’s largest field in Alaska at Prudhoe Bay.

• Excelerate Energy, a closely held company formed in 2004 to develop import terminals for liquefied natural gas, will start deliveries to a new UK terminal on December 18 as the demand for fuel peaks during the winter.

• E.on, the world’s largest utility, said the coming winter will be “challenging” for energy supply in the UK as North Sea reserves dwindle, raising the need to import more gas. 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.

Business News Americas: Shell launches fuel-efficient gasoline – Regional

EXTRACT: Although Shell has sold out of a variety of its activities in Latin America and the Caribbean recently, Avaria affirmed the company’s intent to continue operations in Chile, Argentina, Brazil and Central America. – (BNamericas.com)

THE ARTICLE

(BNamericas.com) – Anglo-Dutch oil major Shell (NYSE: RDS-B) has started implementing its New Shell Fuel Economy Formula gasoline at Chilean service stations, the company said in a statement. Chile is the first country in the Americas to receive the gasoline as part of Shell’s global campaign to distribute the fuel. 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): Australia’s Woodside seeks US port license, pipeline approvals for gas exports

Published: Aug 18, 2006

SYDNEY (XFN-ASIA) – Woodside Petroleum said it has applied to US government agencies to build and operate a proposed OceanWay liquefied natural gas project designed to bring Australian natural gas to California.

The company, 34 pct owned by the Royal Dutch Shell group, said applications were submitted to the US Coast Guard and the Maritime Administration for a deepwater port license and to the City of Los Angeles for a natural gas pipeline franchise.

The company is seeking approval to place two delivery buoys more than 32 kms offshore from Los Angeles International Airport (LAX) with dual undersea pipelines to deliver the natural gas to shore. 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: Increase fines, says safety watchdog

EXTRACT: Shell was fined £900,000 last year after two workers died on its Brent Bravo platform in the North Sea.

THE ARTICLE

By Andrew Taylor,Employment Correspondent
Published: August 18 2006 03:00 | Last updated: August 18 2006 03:00

Employers should face heavier fines for health and safety offences, ministers have been told.

Bill Callaghan, chairman of the Health and Safety Commission, has written to the Cabinet Office calling for “more training for judges and magistrates so that the level of fines . . . recognises the gravity of breaches and acts as an effective deterrent”. 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: Opec output vow leaves crude at two-month low

EXTRACT: A total of 17 foreign oil employees have been taken by Nigerian rebels so far this month, with nine being released. The attacks have led Shell to reduce production from the nation by 0.5m barrels per day.

THE ARTICLE

By Michael Hunter

Published: August 18 2006 03:00 | Last updated: August 18 2006 03:00

Oil prices sank to two-month lows yesterday after the Organisation of the Petroleum Exporting Countries said it did not expect to reduce production for the rest of the year.

Nymex West Texas Intermediate for September delivery settled $1.83 lower at $70.06, its weakest level since June 26. ICE October Brent closed down $1.25 at $71.58 a barrel. 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.

Associated Press: BLM: oil shale projects will have no significant impact

By JUDITH KOHLER
Associated Press Writer

DENVER (AP) — A federal agency believes there would be no significant environmental impacts from two experimental oil shale projects in northwestern Colorado that could lead to the commercial mining of oil from rocks.

The Bureau of Land Management released environmental assessments this week of projects by Shell Frontier Oil and Gas Inc. and Chevron USA in Rio Blanco County. The assessments, open to public comment until Sept. 18, said a potential drop in groundwater levels on the test sites proposed by Shell could adversely affect four endangered Colorado River fish. 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.

Wichita Eagle: Shell Oil president to give Landon Lecture

John Hofmeister, president of Shell Oil Co., will deliver the first Landon Lecture of the 2006-07 school year at Kansas State University.

Hofmeister, who earned bachelor’s and master’s degrees in political science from K-State, will speak at 10:30 a.m. Sept. 8 in McCain Auditorium.

Houston-based Shell Oil is an affiliate of the Shell Group, which operates energy and petrochemical companies in more than 140 countries and territories.

Hofmeister joined Shell in 1997 as director of human resources. He became president in March 2005. 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.

Business Times (Malaysia): 77pc jump in Shell Refining’s Q2 net profit

August 18 2006

SHELL Refining Company (Federation of Malaya) Bhd said its second quarter net profit jumped 77 per cent, helped by helped by higher sales and stockholding gains.
Refining margins are expected to remain at a satisfactory level in the third quarter this year, it said in a statement to Bursa Malaysia yesterday.

“Financial results are very satisfactory. This is the twelfth successive quarter in which the company has posted a strong profit, despite volatile refining margins,” Shell Refining chairman Saw Choo Boon said in a statement. 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.

allAfrica.com: Lebanese Kidnapped As Shell Well Catches Fire

EXTRACT: The Movement for the Survival of Ogoni People (MOSOP) President Mr. Ledum Mitee however blamed the fire on the insincerity of Shell, insisting that the well had been billowing smoke for over two months before the fire started without any action taken by Shell.

THE ARTICLE

This Day (Lagos)
NEWS
August 17, 2006
Posted to the web August 17, 2006

By Ahamefula Ogbu
Port Harcourt

Barely 24 hours after President Olusegun Obasanjo read a riot act to security forces in the country to tackle hostage takers, unknown militants yesterday abducted Mr. Daniel Cowry, a Lebanese along Mbiama-East West road in Ahoada Local Government area of Rivers State. 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.