Posts on ‘February 27th, 2007’

By Gavin Evans

Feb. 28 (Bloomberg) — Royal Dutch Shell Plc, the world’s second-biggest oil company by market value, is studying alternative technology to extend the life of New Zealand’s oldest gas field.

Kapuni, discovered in 1959, has pumped more than three times its original reserves estimate and Shell plans to keep it flowing by loosening “tight” rock formations, said Gaurdie Banister, Shell’s technical vice president for exploration in Southeast Asia. Shell and Todd Energy Ltd. each own half of the field, supplier of a fifth of the nation’s gas. read more

February 28, 2007

There is no rush by engineering graduates to work in the sector, but those who do enjoy high job satisfaction

Martin Birchall

When Sir John Rose, chief executive of Rolls-Royce, was said to have voiced concerns last year about the lack of experienced engineers in Britain’s industrial sector, he wasn’t highlighting a new problem. For much of the past two decades, the proportion of students who study engineering at university but then embark on an entirely different career has been increasing. read more

February 28, 2007

Making sure that you beat the application cut-off dates

By Mike Barnard (Is this the Mike Barnard who used to work for Shell?)

Taking a placement or sandwich year can be an invaluable career step, allowing you to acquire work experience, add to your CV and often earn a wage at the same time, and there’s an abundance of placements on offer in the engineering and manufacturing industries.

Buro Happold (www.burohappold.com), the international multi-disciplinary engineering consultancy, has a world-class reputation for delivering challenging projects in the public and private sectors. Registered with the engineering institutions for approved training towards chartered status, it takes on 50 engineering graduates to work worldwide every year. read more

Jeff Whalley
Wednesday 28 Feb 07

HUNDREDS of dead fish washed up at a Shell Corio Bay outfall after being caught up at a seawater intake supplying water for refinery cooling.

Victoria’s Environment Protection Authority yesterday said Shell had no case to answer over the deaths of hundreds of fish on Monday as they had not been killed “by result of a pollution incident or discharge of any substance”.

The fish were found by two passers-by late on Monday night at a refinery outfall.

EPA senior manager of rural services John Williamson said the two people quickly alerted his organisation of the incident. read more

Because of the high traffic – the site now has over 2 millions hits every month, it is having to be upgraded to cope with the demand.

This will hopefully prevent the notice “This Account Has Exceeded Its CPU Quota” from appearing. As our long term regulars will be aware, we had already outgrown the capability of our previous website.

We have a Right to the Truth – Officials have a Duty to Act

“Very Little Hope for the World” – Ron Oxburgh, recent Chairman of Shell Oil

This is a scary thought coming from an ex-Chairman of Shell. It shows that there are voices within Shell Oil Company that care about the planet even if accounting fraud, the same as Enron, is deemed OK. This link takes you to an interview with Ron Oxburgh, recent Chairman of Shell Oil. “I think that in corporate organisations like Shell you can develop an insensitivity to some of the factors that weigh with people outside” – Ron Oxburgh
 
Go here: http://news.bbc.co.uk/1/hi/uk/3815151.stm
 
For an uncensored look at Shell Oil go here: www.royaldutchshellplc.com  This website received nearly 1.7 million hits and over a million page views in October, 2006. It is one of two recommended by Fortune Magazine for information about Royal Dutch Shell. If you want more info on this site go here http://en.wikipedia.org/wiki/Royaldutchshellplc.com
 
For the full webpage…
 
 http://seeitreal.com/ResourceLinks.aspx read more

Posted on Feb 27th, 2007 with stocks: RDS.A

Kurt Wulff (McDep Associates) submits: Buy the common shares of Royal Dutch Shell plc (RDS.A) for appreciation potential of 23% to estimated net present value of $84 a share, that depends first on crude oil production (40%), second on refined products (39%), and third on natural gas (21%).

Fourth quarter 2006 results reported on February 1 exceeded our estimates of cash flow and earnings that reflected recent company and industry trends. Reserves added in 2006, including oil sands, exceeded production by more than the amount reserves will be reduced in 2007 for a revised agreement with Russia on the Sakhalin Island project. read more

Tuesday, February 27, 2007

There it was again last Friday — the old refrain that has been heard around these parts off and on for decades: A regional commercial oil-shale industry is just around the corner.

Right. And ocean-front property will soon be available in Cisco, Utah.

And this commercial oil-shale industry is destined to be even bigger than the 1-million-barrel-a-day moondrift ballyhooed a quarter century ago by the Exxon Corp., much to the energy giant’s great embarrassment and northwestern Colorado’s lasting regret. read more

By Dinakar Sethuraman

Feb. 27 (Bloomberg) — Royal Dutch Shell Plc, the world’s biggest non-state liquefied natural gas producer, may double imports through a $600 million LNG terminal in India this year, after customers agreed to pay international prices for the fuel.

Shell and partner Total SA aim to import about 24 cargoes this year, equivalent to about 56 percent of the terminal’s capacity, Marc den Hartog, director of gas and power at Shell India Ltd., said by phone from New Delhi on Feb. 26. read more

Published: Feb 27, 2007

FMC to supply Alve: FMC Technologies has gained a $55m contract from Statoil to supply the subsea system for the Alve project in the Norwegian Sea.

FMC will build a four-slot subsea template with manifold, one subsea production tree, related control systems, umbilicals and an overtralable protection structure for Statoil’s project.

Alve is being tied back to the Norne floating production storage and offloading vessel. The first FMC deliveries are due in the third quarter of this year. read more

Published: Feb 27, 2007

THE BRITISH government has made a good start on its offshore energy plans for this year, sanctioning one onshore and four offshore projects, writes Martyn Wingrove .

The Department of Trade and Industry has approved Shell’s plans to develop the Starling gas-condensate field in the North Sea as a satellite to its Shearwater production platform.

Shell will use subsea facilities to develop Starling in block 29’3. It will also be able to use subsea equipment to develop the B and D sections of the Curlew field in block 29’7 after getting government sanction in January. read more

EXTRACT: Last December, oil giant Royal Dutch Shell PLC was forced to cede control of the massive Sakhalin-2 oil and gas project to Gazprom. The Russian state achieved its goal with a campaign of constant environmental and safety inspections and lawsuits.

THE ARTICLE

By Polya Lesova

NEW YORK (MarketWatch) — Italian oil giant Eni SpA said that development of the gargantuan Kashagan oil field in Kazakhstan will be delayed by three years and that the project would cost billions of dollars more than previously expected as it struggles with major technical and logistical challenges. read more

EXTRACT: Large resources companies such as BP, Royal Dutch/Shell and RWE are also providing competition by tapping into their first-hand knowledge of the market to offer hedging services to their customers and third parties. “The competition is intense,” says Mr Bryce.

THE ARTICLE

By Kevin Morrison
Published: February 27 2007 01:39 | Last updated: February 27 2007 01:39

Envy the commodities experts for they are almost masters of the universe. The rise in price and volatility of raw materials has moved the subject near the top of the corporate agenda. read more

By EDWARD WONG
February 27, 2007

BAGHDAD, Feb. 26 — The Iraqi cabinet approved a draft of a law on Monday that would set guidelines for nationwide distribution of oil revenues and foreign investment in the immense oil industry. The endorsement reflected a major agreement among the country’s ethnic and sectarian political blocs on one of Iraq’s most divisive issues.

The draft law approved by the cabinet allows the central government to distribute oil revenues to the provinces or regions based on population, which could lessen the economic concerns of the rebellious Sunni Arabs, who fear being cut out of Iraq’s vast potential oil wealth by the dominant Shiites and Kurds. Most of Iraq’s crude oil reserves lie in the Shiite south and Kurdish north. read more

LONDON (Reuters) – Wind is filling the sails of the alternative energy industry after repeated past false starts, bringing big business and the green movement into an uneasy partnership — as investors smell money.

Fears of hype and even a dotcom-style bubble cannot cloud their view that renewable energy’s day may have come, as the world’s most pressing concerns combine: climate change, breakneck economic growth in China and energy security.

In the past — the 1970s for example — it was high oil prices that spurred the hunt for alternatives like wind and solar, usually the domain of academic professors, environmentalists and rural communes. read more

February 27, 2007

Oil explorer transformed into a FTSE 100 stock by blockbuster Indian discovery, which could have been Shell’s, hands out £481 million Steve Hawkes

Soaraway oil explorer Cairn Energy is handing nearly £500 million back to shareholders in its first ‘dividend’ payout.

The group, transformed into a FTSE 100 blue-chip by a blockbuster discovery in India, will pay investors £3.00 per share – a total of £481 million.

The money comes from the proceeds of the £3.5 billion flotation of the Indian business on the Bombay Stock Exchange earlier this year. read more

Shell Petroleum Development Company (SPDC) has earmarked an annual N445 million for the development of its host communities in DAA3 Cluster of Degema, Akuku-Toru and Asari-Toru Local Government areas of Rivers State.

The amount is expected to be paid annually for a period of five years with effect from this year and in three installments of N148.3 million per installment, payable in every February, June and November. But signatories to the account should be the respective host communities’ CDB, Rivers State Government representative and SPDC representative. read more

UPDATED: 2007-02-26 15:22:22 MST

By DOUG McINTYRE, SUN MEDIA
 
Alberta’s three-year plan to spend almost $400 million to build up the booming oilsands region drew praise today from the president and CEO of petroleum giant Shell Canada.

During a stop at the University of Calgary, Clive Mather said new infrastructure in rapidly-growing Fort McMurray is critical to develop a resource which could potentially be the world’s biggest reserve of oil.

“The eyes of the world are upon us and we have to do it right,” he said. read more

By Rey E. Requejo

The Court of Appeals has authorized the Court of Tax Appeals to proceed with the litigation of the case filed by Pilipinas Shell Petroleum Corp. seeking to stop the Bureau of Customs from collecting P1 billion in custom duties from the importation of crude oil in 1996.

In an eight-page decision written by Associate Justice Arcangelita Romilla-Lontok, the CA’s First Division dismissed the petition filed by the Customs seeking to nullify the Jan. 17, 2003 resolution of the court denying the motion to dismiss the case filed by Pilipinas Shell. read more

A website not owned by Shell Petroleum, but one which closely tracks the activities of that company, has issued a document detailing what it believes to be Shell’s plans in Alaska this year under the title “Alaska 2007 program takes shape; environment, communities high priorities”, and within the details on Wildlife Monitoring, we found it includes UAV use:-

During the 2007 open water season Shell will be mounting a major program to monitor marine mammals and mitigate any impacts of the industrial activities. Of particular concern is the potential for impacts on the migration routes of bowhead whales and the consequent impact on subsistence hunting. read more

By MIKE McKIBBIN
Tuesday, February 27, 2007

RIFLE — Community leaders and residents heard the latest about Shell Oil Exploration and Production’s oil shale test project in Rio Blanco County last week, but Rifle Mayor Keith Lambert wants to know what two other companies have planned as well.

Those companies, Chevron and EGL Resources, are not as far along as Shell, so do not have the same information to share with the public, according to EGL Operations Manager Roger Day.

Chevron and EGL Resources received 160-acre federal leases for oil shale research, development and demonstration projects last year, while Shell received three such leases. Shell has also been working at its own Shell Mahogany Project site in Rio Blanco County for the last several years and said last week they hope to decide to pursue a commercial oil shale project shortly after the next decade. read more