Royal Dutch Shell Group .com Rotating Header Image

Posts on ‘April 1st, 2007’

ITAR-TASS: Regulator won’t seek compensation from Sakhalin-2 operator

MOSCOW (Prime-Tass) — A Russian environmental regulator will not go to court and seek compensation for the environmental damage from the operator of the Sakhalin-2 oil and gas project, a top official with the regulator said Thursday, ITAR-TASS reported.

The operator, Sakhalin Energy, is prepared to remedy the damage, said Oleg Mitvol, a deputy director with the Federal Service for Natural Resources Oversight

Russian natural gas monopoly Gazprom, who has recently joined the project as the controlling shareholder, has established a working group to assess the damage to the environment, Mitvol said. Gazprom is expected to reach agreement with the regulator on its actions aimed at remedying the damage, the official 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.

Dow Jones Newswires: Shell VP Confirms Gas Development Talks with Iraq: ‘Shell Desperate For Iraq Success’

By  Adam Smallman and Oliver Klaus
FWN Financial News     

ABERDEEN, Scotland, Mar 29, 2007 (Dow Jones Commodities News via Comtex)
Energy giant Royal Dutch Shell PLC (RDSB.LN) confirmed Thursday that it has been in talks with oil officials from the Iraqi government over the development of the country’s gas industry.

Speaking on the fringes of an oil and gas conference in Aberdeen, Scotland,
Shell’s Executive Vice President for Development and Technology in Exploration and Production Matthias Bichsel confirmed representatives of his company met with Iraqi officials in Oman to explore opportunities for the development of Iraq’s largely untapped gas reserves. 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.

Independent Online: British oil worker abducted off Nigeria

April 01 2007 
By Tom Ashby

Lagos – Gunmen in two speedboats abducted a British oil worker in a pre-dawn raid on a drilling rig 64km off the coast of Nigeria on Saturday, officials and industry sources said.

The gunmen first targeted a support vessel moored to the Bulford Dolphin rig, overpowered the crew, then climbed on to the rig and seized the Briton, a security expert working for a Western oil major said.

The Foreign Office in London confirmed the abduction.

“We can confirm there was an incident in the early hours of this morning in which a British national was taken hostage,” a spokesperson said. “We are in touch with the Nigerian authorities to try to secure a swift and peaceful resolution.” 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 Indianapolis Star: Countries ready to tap Iraq’s oil

China may lead way as companies weigh potential payoff against dangers  
 
By Jim Krane
Associated Press
April 1, 2007

DUBAI, United Arab Emirates — China has sat out the Iraq war, but it could be the first to take advantage when the Iraqi government finishes a law opening its oil fields to international companies.
 
The Iraqi oil legislation, expected to be approved by July, will open the door for the government to sign contracts for exploration and production of the country’s vast untapped reserves, a top U.S. priority. 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.

Gulf-Times: Exxon: 12-yr wait on China energy project to pay off

Published: Sunday, 1 April, 2007, 08:45 AM Doha Time
 
Beijing: ExxonMobil said a 12-year wait to start a $5bn refining and chemicals venture in China will pay off because the Communist government will free the world’s fastest-growing gasoline market and ensure profits.

The project, first mooted in 1995, combines Exxon, the world’s biggest publicly traded oil company, Saudi Aramco, the largest oil producer, and China’s top refiner. It will tap a fuel market growing at 2.7 times the global pace, Exxon Director Steve Simon said on Friday. 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.

National Oil & Lube News: Lube Operator Fights Lawsuit

By Nicole Andries
NOLN Staff Writer
[email protected]

April 2007

Lawsuits are no fun — usually for either party involved. They’re tedious, expensive and more often than not offer little in the way of gratification, especially when both sides are resolved to fight to the last.

Case in point is the lawsuit pitting Keith Smith, owner of Mars, Pennsylvania-based Lube Pro, and Shell.

According to Kim Muller, senior trademark counsel for Shell, the suit was initially filed against Smith on Oct. 27, 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.

Bloomberg: Buyout, Hedge Funds Still Buying Aging Oil Fields, Quantum Says

By Joe Carroll

(Bloomberg) — Buyout firms and hedge funds will continue to snap up aging oil and gas fields that the world’s largest energy companies shed, undeterred by a doubling or tripling in price, said Wil VanLoh, co-founder of Quantum Energy Partners LLC.

Quantum, a private-equity firm founded in 1998, has built its assets to $3.2 billion by acquiring fields that produce as little as 1,000 barrels a day and tripling output with new wells. Such fields are too small to bother with for Exxon Mobil Corp., Chevron Corp. or other international oil companies, VanLoh 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.

Business Times (Malaysia): Shell to dig more wells to boost gas supply

ROYAL Dutch Shell plc, Malaysia’s biggest operator of gas fields, said it will drill in deepwaters and rejuvenate existing areas to help the nation meet its liquefied natural gas (LNG) export commitments.

Shell may decide this year to tap Gemusut, a field off Sabah, said Wee Yiaw Hin, head of Shell’s exploration and production unit in Malaysia. The company will dig more wells in an area off Sarawak state in waters as deep as 1,500m, he said.

“Malaysia’s deepwater areas have potential,” Wee said “We will develop new fields to meet supplies to the LNG plant.” 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.
%d bloggers like this: