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Posts on ‘November 11th, 2006’

Petroleum News: ‘You can have the land, not the water’: U.S./Canada simmering cross-border tensions over sovereignty in the Arctic

Week of November 12, 2006

The simmering cross-border tensions over sovereignty in the Arctic keep building, with the U.S. government rebuffing Canada’s claim to control the Northwest Passage.

Some fleeting hope for Ottawa came from former U.S. Ambassador to Canada Paul Cellucci, who said it would be better for Washington to acknowledge Canadian sovereignty over the waterway rather than turning it into an international straight open to ships from any country.

He said it was in the best interests of U.S. security to put the Northwest Passage under Canada’s control. 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: Prosecutors file to cancel BP licenses

Week of November 12, 2006

Russian prosecutors are seeking to annul licenses held by BP PLC’s Russian joint venture to develop major gas fields, according to an official statement posted Nov. 7.

The move marks the latest step against foreign interests in the Russian oil and gas sector, where the Kremlin is actively increasing its control.

The statement posted on the Prosecutor General’s Web site said prosecutors had sent a letter to the federal subsoil agency Rosnedra asking for the licenses to the Novo Urengoyskoye and Vostochno-Urengoyskoye gas fields to be revoked due to environmental and licensing violations. The licenses are held by the Rospan International unit of TNK-BP, which is owned jointly by BP and a group of Russian billionaires. 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 downgrade gets downplayed

Oil Patch Insider
Week of November 12, 2006

The original headlines two years ago hollered about a “huge gas pool,” a “massive discovery,” and the “biggest find” in Alberta since 1986, one that was figured to be worth upwards of C$2 billion.

When Shell Canada let word out on Nov. 1 that the discovery contained far less gas than originally predicted and that an appraisal well was deemed to be non-commercial the news was largely ignored or relegated to inside pages.

Even company officials conceded they were disappointed with results from what was held out as the catalyst for opening up a new natural gas region in the Alberta Foothills of the Rockies. 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.

New York Times: Bill Allowing More Drilling Along Coasts Appears Dead

EXTRACT: Industry officials said the lobbying campaign began weeks ago when it became clear that Democrats had a good chance of taking the House. “I would hope that the House could appreciate what is possible and try to help move forward for the American people,” John Hofmeister, president of Shell Oil, said in an interview. “Let’s get a bill cleared that the president can sign.”

THE ARTICLE

November 11, 2006
By CLIFFORD KRAUSS

HOUSTON, Nov. 9 — Just a few months ago House Republicans and representatives of the energy industry were poised to rewrite a quarter-century of national energy policy and open the seas off the Atlantic and Pacific coasts to oil and gas drilling, which environmentalists had fervently resisted. 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: Database: Energy: Saturday 11 November 2006

• BP’s Russian unit, TNK-BP, paid off tax claims for 2002 and 2003, using part of an £800m reserve set aside for settling such bills.

• Shares of Cairn Energy, an Edinburgh-based company that drills for oil and gas in South Asia, had their biggest gain in five months amid speculation it may get a bid for its Indian business before the unit’s initial share sale in December.

• Irish police with nightsticks charged protesters at the site of a proposed natural-gas terminal Royal Dutch Shell wants to build in Ireland. 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: Will Browne, the embattled oilman, stay the course?: Russia raises pressure on Shell and BP

Business comment
By Richard Fletcher, Deputy City Editor Last Updated: 12:04am GMT 11/11/2006

It has been a week in which BP has – again – fallen on its corporate sword. With out-of-court settlements in Russia and America. Unfortunately for chief executive Lord Browne, a man for whom that over-used word “embattled” was surely invented, it is not the end of his woes.

Yesterday, TNK-BP, the UK company’s joint venture in Russia, paid a back-tax bill it had believed was not owed. It is one of a string of back-tax demands levelled by the Russian authorities on western oil majors. 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: Russia to join WTO as Bush backs down

President George W Bush

EXTRACT: The break-through comes at a time when the Kremlin appears to be tightening its grip on the economy, waging a barely-disguised campaign of harassment against Shell, Exxon, and other foreign companies.

By Ambrose Evans-Pritchard Last Updated: 12:44am GMT 11/11/2006

Washington has cleared the way for Russia to join the World Trade Organisation, ending years of bitter wrangling between the two ex-rivals. Presidents George W Bush and Vladimir Putin are to toast the accord in Moscow next week, marking Russia’s arrival as a full member of the global system nearly two decades after the fall of Communism.   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: Russian threat to sue Shell for billions over Sakhalin

Tom Parfitt in Moscow
Saturday November 11, 2006

Russia has threatened to sue Shell for billions of dollars over alleged environmental violations at its vast Sakhalin-2 oil and gas development. Ratcheting up pressure on the Anglo-Dutch company, Oleg Mitvol, deputy head of environmental watchdog Rosprirodnadzor said it might even call for the project to be scrapped.

Moscow has been leaning hard on Sakhalin Energy, the Shell-led consortium building the $22bn (£11.5bn) development, in a move some analysts think is designed to force it to give up a chunk of the project to state energy company Gazprom. 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: Russians ratchet up pressure on Shell

By Andrew Osborn in Moscow
Published: 11 November 2006

A Russian official has for the first time raised the possibility that Shell could have its contract to develop what will be the world’s largest offshore oil and gas field annulled.

Oleg Mitvol, the deputy head of government environmental watchdog Rosprirodnadzor, warned Shell that the Kremlin was ready to resort to extreme measures when it came to a dispute with the Anglo-Dutch firm over Sakhalin-2.

Moscow has accused Shell, which has a 55 percent stake in the project, of causing wanton damage to the environment in Russia’s far east in its haste to get the operation up and running by 2008. It has also criticised Shell for allowing set-up costs on Sakhalin-2 to double to at least $20bn, a situation that delays the day when the Russian state gets its first rouble in profit from the venture. Environmental inspectors are conducting an audit of the damage that Sakhalin Energy – the Shell-led consortium – has allegedly caused on the island of Sakhalin. 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 Examiner: Gardaí causing a war, say anti-Shell protesters

Saturday 11 November 2006

BATON-WIELDING gardaí and anti-Shell protesters violently clashed yesterday as tensions erupted over the Corrib gas project. Mayo residents said it was an all out “war” after one man was hospitalised and several injured.

Confrontations began early in the morning when more than 200 objectors gathered 500 metres from the Shell gas terminal in north Co Mayo.

Joined by busloads of supporters from Dublin, Cork and Galway, protesters marched towards the refinery, eventually blocking access to a convoy of 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.

Irish Independent: Eight hurt in Shell protest

Saturday 11 November 2006

EIGHT people – four gardai and four protesters – were injured in heated confrontations yesterday at the controversial Shell gas pipeline and terminal.

One activist warned last night that someone is going to be killed in the escalating violence over the pipeline.

Rossport 5 activist Micheal O Seighin yesterday witnessed the most violent exchanges yet between protesters and gardai at Bellanaboy in Co Mayo.

Of the eight injured, two were hospitalised.

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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