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Posts on ‘February 8th, 2007’

The Times: Kremlin seeks deal for return of Putin critics

February 09, 2007
Tony Halpin in Moscow

The Kremlin has linked its co-operation in solving the murder of Alexander Litvinenko to British help in extraditing exiled critics of President Putin.

Russian officials demanded that Boris Berezovsky, a billionaire businessman, and the Chechen separatist envoy Akhmed Zakayev should be sent back.

The issues were raised at a meeting in Moscow between Alistair Darling, the Trade and Industry Secretary, and Alexei Kudrin, the Russian Finance Minister, to discuss trade links. Mr Darling is the first Cabinet minister to visit Moscow since Litvinenko was poisoned with radioactive polonium210 in London in November. 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: Gas bills still on upward trend, says BG

February 09, 2007
Carl Mortished, International Business Editor

Frank Chapman, the chief executive of BG Group, has told consumers to expect higher gas prices over the long term, as the gas explorer and liquefied gas trader reported that sliding international wholesale prices had eroded profits in the fourth quarter.

The dramatic fall in prices in the UK over the past six months, which yesterday forced Centrica, the group’s supply division, to cut bills to consumers, demonstrates that Britain’s open market is working, Mr Chapman 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: February 8, 2007 4:40 p.m.

Crude-oil futures closed at nearly $60, their highest level of the year, as traders staged a late-day, short-covering rally to lift prices by more than 3%, egged on by continued forecasts for cold weather.

Here is Thursday’s roundup of oil and energy news:

* * *
ECONOMISTS: TAX FOSSIL FUELS: The government should encourage development of alternatives to fossil fuels, economists said in a WSJ.com survey. But most say the best way to do that is with a new tax on fossil fuels, which isn’t in President Bush’s energy proposals. “Economists generally are in favor of free-market solutions, but there are times when you need to intervene,” said David Wyss at Standard & Poor’s Corp. “We’re already in the danger zone” because of the outlook for oil supplies and concerns about climate change, 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.

Globe and Mail: CIBC values Shell Canada at up to $48 per share

DAVID EBNER

Royal Dutch Shell PLC’s formal offer for Shell Canada Ltd. contains an independent valuation of Shell Canada Ltd. that values the firm at as much as $48 a share, higher than Royal Dutch’s bid.

Royal Dutch is offering $45 a share, or $8.7-billion, for the 22 per cent of Shell Canada it doesn’t already own. The energy multinational filed its take-over bid circular for Shell Canada on Thursday afternoon with Canadian securities regulators and the document include the valuation done by CIBC World Markets Inc. on behalf of Shell Canada, which concluded a per-share range of between $42 and $48. 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.

Guardian Unlimited: Darling tells Russia to play by the rules

Tom Parfitt in Moscow
Thursday February 8, 2007

The trade secretary, Alistair Darling, warned Russia today to “play by the rules” and ensure “legal certainty” for British investors as he ended a three-day visit to Moscow.

Anglo-Russian relations have become strained after tensions over the murder in London of the former KGB agent Alexander Litvinenko and the recent travails of British companies such as Shell and BP.

His sharp comments followed talks with Alexei Kudrin, finance minister, designed to shore up Britain’s interests in Russia in anticipation of a troubled period of diplomacy. Britain was Russia’s biggest foreign investor last year with £2.8bn invested in the first nine months. 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.

Thomson Financial: Event Brief of Q4 2006 Royal Dutch Shell Plc Earnings Conference Call – Final

Copyright: CCBN, Inc. and FDCH e-Media, Inc.
Source: FD (FAIR DISCLOSURE) WIRE
Wordcount: 17167

PARTICIPANTS Jeroen van der Veer, Royal Dutch Shell, Chief Executive . Malcolm Brinded, Royal Dutch Shell, Executive Director Exploration & Production . Linda Cook, Royal Dutch Shell, Executive Director Gas & Power . Rob Routs, Royal Dutch Shell, Executive Director Downstream . Peter Voser, Royal Dutch Shell, CFO . Neil Perry, Morgan Stanley, Analyst . Mark Iannotti, Merrill Lynch, Analyst . Ed Westlake, Credit Suisse, Analyst . Gordon Gray, JP Morgan, Analyst . Neil McMahon, Sanford Bernstein, Analyst . Paul Spedding, HSBC, Analyst . Tim Whittaker, Lehman Brothers, Analyst . Paul Carolli, Acts Investment Managers, Analyst . Colin Smith, Dresdner Kleinwort, Analyst . Jon Wright, Citigroup, Analyst . Irene Himona, Exane BNP Paribas, Analyst . Jason Kenney, ING, Analyst . Jon Rigby, UBS, Analyst . Lucas Herrmann, Deutsche, Analyst 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 Associated Press: Alliance Split Over Iran Nuclear Defiance

By GEORGE JAHN
February 08, 2007

What we are not going to do is mirror what the (U.S.) Federal Reserve has done Europeans are accusing Americans of strong-arming them into cracking down on Iran in the latest trans-Atlantic conflict straining efforts to maintain a joint front on Tehran and its refusal to freeze uranium enrichment.

U.S. officials, in turn, complain that Europe is not pulling its weight because individual nations are placing business interests above the common goal of keeping Iran from heading down a path that could lead to nuclear weapons. 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: Minister raises BP, Shell Russia concerns

By Douglas Busvine
08.02.2007

MOSCOW (Reuters) – Britain’s trade minister urged Russia on Thursday to respect the sanctity of foreign investments, saying he had raised concerns over BP’s and Shell’s Russian ventures at talks in Moscow.

“I made it very clear that British companies coming here need to have legal certainty, and need to know where they stand,” said Alistair Darling, Trade and Industry Secretary in Tony Blair’s Labour government.

Darling told a news briefing he had discussed concerns over BP’s investment in Russia’s third-largest oil firm TNK-BP on Wednesday, when he met Russia’s finance, economy and energy ministers. 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.

BBC Monitoring Asia Pacific: Gunmen in South Nigeria Kidnap Subcontractor Working for Shell

From Philippine Daily Inquirer website     

Gunmen in southern Nigeria on Tuesday kidnapped a Filipino national working as a subcontractor for oil company Shell and killed at least one policeman who was escorting him, industry sources and police said.

“One Filipino was kidnapped at 9 a.m. (0800 GMT) and two MOPOL police were killed on the Owerri-Port Harcourt road,” a private security adviser said, adding that the Filipino was a Shell subcontractor.

Another industry source said only one policeman had been killed in the incident. MOPOL is an elite unit of the Nigerian police tasked with escorting VIPs among other duties. 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.

Alaska Journal of Commerce: Shell Set to Drill in Beaufort Sea

By  Tim Bradner    
      
Shell is gearing up for an aggressive 2007 offshore exploration program in the Alaskan Beaufort Sea, with plans to operate two drilling vessels and drill three wells, company officials told an Alaska industry contractor group in a Jan. 25 briefing.

“We like Alaska. It’s part of the United States. We have a lot of experience here, and it’s good to be back,” Rick Fox, manager of Shell’s Alaska operations, told the Alaska Support Industry Alliance, an oil contractor association. 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.

TMCnet.com: Russia industry: Shell interested in building additional LNG terminals on Sakhalin Island

(EIU Viewswire Via Thomson Dialog NewsEdge) COUNTRY BRIEFING

FROM THE ECONOMIST INTELLIGENCE UNIT

Oil major Royal Dutch/Shell (Netherlands-UK), which at end-2006 agreed to sell its controlling stake in the Sakhalin-2 oil and gas project to state-controlled energy major Gazprom, has indicated that it is considering building additional LNG terminals on Sakhalin Island, if the company is allowed access to other oil and gas reserves in Russia.

Following pressure from the Russian authorities over a series of environmental infractions at the Sakhalin-2 project, Shell and its partners in the venture, Mitsui and Mitsubishi (both Japan) agreed to sell stakes in Sakhalin Energy, the consortium that manages the Sakhalin-2 oil and gas project, to Gazprom for US$7.45bn. 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.

Newhaven Advocate (Connecticut): A View to a Spill: It’s Shell Oil versus everybody else

February 8, 2007
By Ken Krayeske 

Windy whitecaps on Long Island Sound loudly abused the aluminum hull of the Rocco , a 22-foot water taxi piloted by Capt. Mike Infantino at about 18 knots an hour, 19 on the glide down the back side of one-to-two-foot seas.

Capt. Mike and I bounced south from Branford’s Thimble Islands across 11 miles of sea on our way to a point in the Long Island Sound where the Broadwater barge would be sited (at coordinates 41 degrees, 6 minutes, 1.31 seconds latitude, 72 degrees, 50 minutes, 4.56 seconds longitude, if you must know). 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.

OpEdNews: …And by the way, It was about Oil

By Mick Youther

The Bush Administration has long claimed that the war in Iraq is not about oil.

• “We will make sure that Iraq’s natural resources are used for the benefit of their owners, the Iraqi people” –President George W. Bush, 3/16/03

• “The only interest the United States has in the region is furthering the cause of peace and stability, not in [Iraq’s] ability to generate oil,”– White House spokesperson Ari Fleischer, 2002.

• “[T]he oil of the Iraqi people belongs to the Iraqi people; it is their wealth, it will be used for their benefit. So we did not do it for oil.” –Then Secretary of State Colin Powell, The Independent (online edition), 1/7/07 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 Daily Sentinel (Colorado): Groups seek cash to study water supply for industry

By BOBBY MAGILL
Thursday, February 08, 2007

Two northwest Colorado water basin roundtables are expected to ask the state for money to study how much water may be available for energy development in the region.

That critical question was overlooked in 2003 when the state took on the Statewide Water Supply Initiative, or SWSI, a water needs assessment and availability study that examined the state’s water supplies basin by basin.

The water supply report, issued in 2004, acknowledged it didn’t account for the water needs of potential natural gas and oil shale development throughout the state, said Chris Treese, external affairs officer for the Colorado River Water Conservation District. 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 CNF: Sibir Energy PLC – Sibir Production Record

Sibir Energy PLC 08 February 2007

Sibir Energy plc (“Sibir”) Sibir Production Record Sibir today announces that equity production from its upstream units now exceeds 45,000 barrels per day (bopd). The new production record was reached as Sibir’s 50:50 joint venture with Shell in the Salym group of fields in Western Siberia, Salym Petroleum Development NV (SPD), announced production of over 75,000 bopd.

The new SPD production record brings Sibir’s 50% share at Salym to over 37,500 bopd which, combined with production from its subsidiary Magma, brings Sibir’s total daily production to over 45,000 bopd. Commenting on the announcement, Sibir CEO, Henry Cameron 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.

AFX Europe (Focus); Morales warns he could throw Shell unit out of Bolivia

Published: Feb 08, 2007

LA PAZ (AFX) – Socialist President Evo Morales yesterday threatened to throw a Royal Dutch Shell subsidiary, Transredes, out of Bolivia after demonstrators disrupted natural gas services at the weekend.

Morales said he will order an investigation to determine if Transredes played any direct role in rioting in southeast Camiri which cut off services to four regions for hours before the army ended the protest.

His government says there were losses of half a million dollars. 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: BP pays to uncover shipwreck secrets (*a tale of BP/Shell Piracy?)

By Sheila McNulty in Houston
Published: February 8 2007 02:00 | Last updated: February 8 2007 02:00

The oil company BP has agreed to pay most of the $5m cost of excavating an historic shipwreck in the Gulf of Mexico after one of its contractors was videotaped taking at least one item from the ship and damaging other artifacts, according to regulators.

The Minerals Management Service, which oversees oil company operations in the Gulf, said it negotiated the agreement with the British company, as operator and two-thirds owner of the Okeanos Gas Gathering Company in late 2004 or early 2005, after the two incidents. 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.

Guardian Weekly: Crunch time for decision makers

EXTRACT: There is coal enough for centuries, but the world runs mainly on oil and it is not at all certain how much is left. Shell admits that “no one can make an accurate prediction of when and where new deposits will be found, or how much exists”, but it says that it does not expect major shortages for 30 years.

THE ARTICLE

Remember January 23, 2007. That was the day President Bush grasped reality and told the world that America could not go on importing 12m barrels of oil a day. In his state of the union address he committed the most energy-profligate country to reducing its use of petroleum by 20% within 10 years, something that would be achieved, he said, by making US cars run more efficiently on homegrown maize or palm oil. 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: How the US sent $12bn in cash to Iraq. And watched it vanish

Special flights brought in tonnes of banknotes which disappeared into the war zone

David Pallister
Thursday February 8, 2007

The US flew nearly $12bn in shrink-wrapped $100 bills into Iraq, then distributed the cash with no proper control over who was receiving it and how it was being spent.
The staggering scale of the biggest transfer of cash in the history of the Federal Reserve has been graphically laid bare by a US congressional committee.

In the year after the invasion of Iraq in 2003 nearly 281 million notes, weighing 363 tonnes, were sent from New York to Baghdad for disbursement to Iraqi ministries and US contractors. Using C-130 planes, the deliveries took place once or twice a month with the biggest of $2,401,600,000 on June 22 2004, six days before the handover. 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.

Environmental Communication Options: Shell Canada donates to Tree Canada program – ReLeaf

7/2/07 4:02PM
Shell Canada supports B.C. Coast ReLeaf Fund

(Vancouver, British Columbia, February 7, 2007) Tree Canada announces that Shell Canada Limited has made the first corporate contribution to the B.C. Coast ReLeaf Fund. The $30,000 donation, along with those from many private donors across Canada, will be used for tree planting and site restoration work in areas of B.C. recently affected by windstorms.

In addition to this special contribution to the B.C. Coast ReLeaf Fund, Shell Canada will donate over $10,000 worth of trees to Stanley Park in Vancouver, as part of the company’s annual tree planting program with Tree Canada. 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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