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Posts on ‘November 24th, 2006’

Reuters: Russian senator says Shell’s Sakhalin-2 to proceed

MOSCOW, Nov 24 (Reuters) – Royal Dutch Shell’s (RDSa.L: Quote, Profile, Research) giant Sakhalin-2 project will go ahead, a Russian senator said on Friday, reacting to attempts by the state environmental watchdog to revoke the venture’s licences on ecological grounds.

Nikolai Kosarev, deputy head of the natural resources and environment commission at the Federation Council, the upper house of parliament, said the situation should not be overdramatised and some ecological violations were “a working process”. 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.

Bloomberg: Oil Rises on Cut in Eni Nigeria Deliveries, U.S. Heating Demand

By Eduard Gismatullin

Nov. 24 (Bloomberg) — Oil rose after a report that Eni SpA halted delivery of some Nigerian crude because of a militant attack and because traders said heating fuel demand will increase in the U.S.

Rome-based Eni declared force majeure at the Okono/Okpoho offshore oilfield, Dow Jones Newswires reported, without saying where it got the information. Heating fuel demand may rise next week in the U.S., according to analysts surveyed by Bloomberg News.

“Brent oil seems the leader on the back of the news” from Nigeria, said Kevin Blemkin, a broker with Man Group Plc in London. Less output from Eni “added upside potential, and Brent can reach $60.25” a barrel, he 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.

MarketWatch: Shell Canada considers building new refinery at Sarnia, Ontario

Last Update: 7:13 AM ET Nov 24, 2006

CALGARY (MarketWatch) — Shell Canada (SHC.T), the Canadian unit of Royal Dutch Shell (RDSB.LN), said Thursday that it’s considering building a new refinery near Sarnia, Ontario.

The refinery would have a processing capacity of between 150,000-250,000 barrels of heavy crude a day, said Shell Canada Chief Executive Clive Mather in a press conference.

“We’re examining how to maximize our potential from our oil sands assets by expanding our manufacturing base in Ontario,” Mather 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.

Bloomberg: Sibir Oil Output Growth Revives After Russia Equipment Failure

By Garfield Reynolds

Nov. 24 (Bloomberg) — Sibir Energy Plc, a U.K.-based oil company that operates in Russia, said production growth has revived after equipment failure slowed output at a field it runs with Royal Dutch Shell Plc.

Sibir’s output has grown to 35,000 barrels a day, most of which comes from the Salym field that is run by the company’s Western Siberia venture with Shell, London-based Sibir said today in a Regulatory News Service statement. The field is producing 57,000 barrels a day and should be pumping 60,000 a day by year’s end as planned. 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.

Vanguard (Nigeria): Militants halt hostilities against Shell

By Emma Amaize
Posted to the Web: Friday, November 24, 2006

WARRI —IDUWINI  Volunteer Force (IVF), a militant group in Bayelsa State, which has troubled the Shell Petroleum Development Company (SPDC) in recent times over alleged non-implementation of Memorandum of Understanding (MoU), yesterday, suspended its planned hostilities against the company following the intervention of the Bayelsa State Government.

Self-styled Commander of the IVF, Johnson Biboye in an e-mail message to Vanguard confirming the truce said: “Based on the plea of government as explained to us by the President of IVF, Prince Gift Tare, the SPDC is now given the permission to resume operation in all her installations in Iduwini Kingdom while all issues that led to the face-off are been looked into.” 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: Pipeline: the people’s verdict

Published: Nov 24, 2006

70pc back Corrib, while majority say protesters ‘intimidating’

IT was always likely that the people of Mayo would baulk at the violent scenes involving protesters and gardai at the gates of Shell’s site at Bellanaboy Bridge.

And now an opinion poll confirms that the vast majority of people (70pc) in the county want the construction of the Corrib gas pipeline to continue without the work being impeded.

Tough

That much is clear from the Red C opinion poll carried out for the Irish Independent/RTE Prime Time on a tough issue that has divided the tiny Erris peninsula community. 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: Mayo’s no to troublemakers

Published: Nov 24, 2006

THE findings of the RedC opinion poll published today show that people in Co Mayo still agree to differ on aspects of the Corrib gas pipeline controversy, but a vast majority express unequivocal disapproval for intimidation, manipulation and law breaking.

That outcome is no more and no less than we would expect from a cross-section of sane, reasonable, law-abiding citizens.

However, we needed to ask these questions. We needed to separate the truth from the lies, such has been the level of disinformation and bellicose self-justification aired in recent times. 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: Majority want the Shell Corrib pipeline to go ahead, says poll

Published: Nov 24, 2006

A STRONG majority of the people in Co Mayo believe work on the controversial Shell Corrib gas pipeline should be allowed to continue unimpeded.

After months of violent confrontations between protesters and gardai, an opinion poll has found that 70pc want the work to continue without interruption.

The findings are a sharp rebuff to the Shell to Sea campaign which claims it has the support of most people living in the county as well as the Rossport area.

The Red C opinion poll for the Irish Independent/Prime Time also found a majority (53pc) believes the protesters are indulging in intimidation and are being manipulated from outside (52pc). 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 Post (Canada): Russia will control its resources: BP: International firms should expect no less, Browne says

Published: Nov 24, 2006

HELSINKI – BP PLC chief executive John Browne said yesterday international oil companies should not expect to control Russia’s natural resources.

“We have learned about the importance of oil and gas for national security,” Lord Browne said at the EU-Russia Industrialists Forum in Helsinki. Russian assets “will remain predominantly Russian assets.”

BP’s TNK-BP venture, the second-largest privately owned oil company in Russia, has started becoming an anomaly as Vladimir Putin, the Russian President, increases state control over the energy industry to build the country’s global political and economic power. The government is tightening control over projects led by foreign companies, including BP and Royal Dutch Shell PLC. 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: Petronas snaps up 10% stake in Cairn India

By Ed Crooks in London: Published: November 24 2006 02:00 | Last updated: November 24 2006 02:00

Cairn Energy, the UK oil group, has sold 10 per cent of its Indian business to Petronas of Malaysia at a higher-than-expected price, raising the value of a planned initial public offering next month.

Cairn now expects to raise about $2.2bn (£1.15bn) from the sale of 30.5 per cent of Cairn India, more than the $1.8bn it had originally estimated.

The UK oil group is raising $822m by placing almost 12 per cent of the business, with 1.9 per cent of the new company available to Indian and international institutional investors. 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 Times: ‘The bastards got me, they won’t get us all’

The Times

November 24, 2006
Richard Beeston, Diplomatic Editor

Poisoned spy defiant in final interview before his death…

The poisoned Russian spy breathed defiance at the Kremlin as the effects of a mystery cocktail pushed him towards his death last night.
 
“I want to survive, just to show them,” Alexander Litvinenko said in an exclusive interview given just hours before he died.
 
Too weak to move his limbs and visibly in great pain, the former Russian intelligence officer suggested that he knew he may not win his struggle against the lethal chemicals destroying his vital organs. But he said the campaign for truth would go on with or without him.
 
“The bastards got me,” he whispered. “But they won’t get everybody.”
 
Mr Litvinenko, 43, uttered his last defiant words to Andrei Nekrasov, a friend and film-maker, who had visited him in University College Hospital in London every day this week. Last night Mr Nekrasov described the extraordinary scenes in hospital, where one ward looks like a scene from The Godfather.
 
“Sasha was a good-looking, physically strong and courageous man,” Mr Nekrasov told The Times. “But the figure who greeted me looked like a survivor from the Nazi concentration camps.”
 
Moments after he saw his friend pass away, Mr Nekrasov said: “I have been through a few things in Russia and Chechnya, but this is one of the most horrible crimes I have witnessed in my my life.”
 
“It was sadistic, slow murder. It was perpetrated by somebody incredibly cruel, incredibly heartless. It had no meaning whatsover.”
 
Although Mr Nekrasov had seen Mr Litvinenko sometimes more than once a day, Tuesday was the last occasion on which his friend could communicate properly. Yet in his final remarks, the former spy remained defiant in his battle against President Putin and the Russian security services.
 
He also managed a joke at his own expense, suggesting that his poisoning was proof that his campaign against the Kremlin had targeted the right people. “This is what it takes to prove one has been telling the truth,” he said.
 
He was referring to allegations he made in a book, The FSB Blows up Russia, which accuses the Russian security services of causing a series of apartment block explosions in Moscow in 1999 that helped to propel Mr Putin into the presidency.
 
Last night in Moscow, Andrei Lugovoi, the former Kremlin bodyguard who has been accused of carrying out the poisoning, told The Times that he was not involved and that he was prepared to travel to London to prove his innocence.
Doctors remained baffled about what Mr Litvinenko ingested on November 1, at one of two meetings with Russian contacts. Geoff Bellingan, director of critical care at University College Hospital, said that doctors were now convinced that the cause was not a heavy metal such as thallium, as originally suspected. Nor had he swallowed any mystery objects. “Radiation poisoning is also unlikely,” he said. 
 
Andrea Sella, a chemistry expert at University College, said that it had become increasingly difficult to identify the poison. “They have to find some unspecified poison. They don’t know whether it is a single substance or a mixture.” 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: Hostage Death Raises Stakes in Nigerian Oil Crisis

By REUTERS
Published: November 23, 2006
Filed at 8:54 a.m. ET

ABUJA (Reuters) – The death of a British hostage in Nigeria’s oil-producing south in a shootout between kidnappers and troops raises the stakes for oil workers but is unlikely to change much for the industry, security experts said on Thursday.

The Briton, abducted from an offshore facility with six other foreigners early on Wednesday, was killed when the kidnappers ran into a military patrol in the remote creeks of the Niger Delta. 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: Friday 24 November 2006

Last Updated: 1:43am GMT 24/11/2006

A round-up of headlines from across the financial sectors, provided by Bloomberg News.

Energy

• Cairn Energy, which is planning India’s second-largest initial share sale, sold a stake worth 37bn rupees (£433m) to Petronas and other investors, raising the value of the IPO by almost a fifth.

• European energy prices will rise if Russia delays Royal Dutch Shell’s Sakhalin-2 oil and gas project, said Chris Finlayson, head of Shell’s Russian operations. 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 Times: Kidnapped Briton’s death raises fear over future of oil supplies

Nigeria Map

By David Brown
November 24, 2006

*Worker dies in clash with military

*Armed militias control the region
 
The British worker shot dead in the oil-producing region of Nigeria this week was the first foreigner to be killed after being kidnapped.

David Hunt, 58, died on Wednesday when his kidnappers were confronted by the Nigerian military the day after he was seized during a raid on an oil platform.

The oil worker’s death has increased concerns about the future of oil supplies in the world’s eighth-biggest oil producer. Violence and kidnappings in the Niger Delta have increased ahead of an Opec conference next month and nationwide elections in April. 
 
Mr Hunt, from Middlesbrough, was seized by an armed gang with six foreign colleagues when a gang armed with rifles and exploves used speedboats to attack the Mystras, a floating tanker and oil refinery operated by Saipem, a unit of the Italian oil giant Eni. 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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