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Posts on ‘April 13th, 2007’

Reuters: PwC loses Russia’s Sakhalin-2 audit contract

Fri Apr 13, 2007 5:29 PM BST

MOSCOW, April 13 (Reuters) – Russia’s $22 billion Sakhalin-2 oil and gas project, taken over last year by Gazprom , has dropped PricewaterhouseCoopers [PWC.UL] as its auditor, the energy ministry said in a report obtained by Reuters on Friday.

Gazprom said earlier this week that it had kept PwC on as its own auditor, a vote of confidence after the “big four” accounting firm lost its job as auditor to Russian carmaker AvtoVaz and ran into trouble working for the now bankrupt oil firm YUKOS . 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 Times: Protest at Shell refinery site in Co Mayo

13/04/2007  16:44

Protesters were today thwarted in attempts to chain themselves to lorries at the Shell gas refinery site in Co Mayo.

Minor skirmishes involving gardai officers and demonstrators marked an otherwise relatively peaceful day at the Bellanaboy plant.

Around 10 women managed to briefly gain access to the secured site. All were removed without arrest. Up to 50 protesters in total were involved in the attempts to block lorries removing peat from the site.

When some tried to obstruct traffic at one of the main gates they were restrained by gardai protecting access for workers. Some of the Shell to Sea campaigners alleged they had received minor injuries during the brief disturbances. 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: Scuffles break out during protest at Shell plant in Mayo

13/04/2007 – 13:46:19

Scuffles have broken out between gardaí and protestors during a demonstration today outside the controversial plant being built by Shell in Co Mayo.

Supporters of the Shell to Sea campaign group are accusing gardaí of heavy-handedness in dealing with demonstrators who tried to block a lorry from reaching the construction site.

The group says several of its supporters were knocked to the ground during the scuffles.

The protest was taking place as part of the long-running campaign against the refinery and pipeline being built by Shell to process gas from the Corrib field.
  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 Star Phoenix (Canada): Nationalize oil industry, prof recommends

MONTREAL (CP) — Canada must nationalize its oil and gas industry to help lower the cost at the pumps by one-third, says a Quebec university accounting professor.

Leo-Paul Lauzon analyzed annual reports of major oil companies such as Exxon Mobil, Royal Dutch Shell, BP Amoco, Chevron Texaco and Conoco Philipps during a period of eight years with researcher Marc Hasani.

“We can’t afford to keep getting poorer,” said Lauzon, who teaches at the University of Montreal at Quebec.

He said the analysis has shown that major oil companies continue to eliminate their competition by either buying or merging them and most of the profits go to the shareholders rather than investing and building refineries. 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.

EVWorld.com: What Cheney Energy Task Force Talked About

U.S. VP Dick Cheney

(PHOTO CAPTION: In 2001, shortly after taking office, Vice President lead a special and still secret task force whose purpose was to propose new U.S. energy policy. What was discussed remains a jealously guarded secret but Judicial Watch successfully sued the government under the Freedom of Information act and discovered that the task force made use of Middle East oil maps and lists of non-US suitors for Iraqi oil. Draw your own conclusions.)

By Terrell E. Arnold

Retired Senior Foreign Service Officer of the US Department of State offers educated insight into the real purpose of the 2001 energy task force. 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: Russia may cut payments to Sakhalin operators

MOSCOW, April 13 (Reuters) – Russia is considering cutting payments to the operators of the Sakhalin-1 and Sakhalin-2 offshore oil and gas production sharing projects after independent auditors reviewed the costs of the work.

Russia’s energy ministry said in a report on the projects’ results for 2006 that independent auditors recommended cutting reimbursable expenses to Sakhalin-1 operator ExxonMobil by 10.4 percent, or $370 million, for 2004 and 2005 together.

The 76-page report, obtained by Reuters, also said that reimbursable expenses of Sakhalin Energy, the operator of the Sakhalin-2 project, should be lowered by 7.2 percent, or $362.5 million, for 2004. 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.

Royal Dutch Shell Plc: Notice of Meeting – Annual General Meeting

 The Hague and London
Tuesday May 15, 2007 
 
Attendance – The Hague and London

The 2007 Annual General Meeting will be held on Tuesday May 15, 2007 in The Hague, The Netherlands, with an audio-visual link to a satellite meeting place in London, UK. The meeting will start at 11.00 am (Dutch time), 10.00 am (UK time).

While the Directors will be located in The Hague, shareholders located in London will be able to participate fully in the meeting via an audio-visual satellite link.

Shareholders in each location will be able to see and hear the other location by way of large screens located on stage, and ask questions at designated question points. Shareholders in both The Hague and London will also be able simultaneously to vote on each of the resolutions, and on any other matter which may properly come before the meeting, using electronic handsets. 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 News: The human cost of oil and gas

By Joe Campbell
 
The deaths of three crewmen on board a rig support vessel have once again highlighted the dangers of work in the offshore oil and gas industry.

It is less than four months since seven men died when a helicopter ferrying workers between gas rigs in Morecambe Bay, Lancashire, crashed into the Irish Sea.

Both the helicopter’s two pilots and five oil rig workers died in the tragedy, which happened during strong winds on 27 December.

A fortnight later, two gas production platforms off the coast of Lincolnshire came close to being hit by a cargo ship which had lost power and was drifting out of control in bad weather. 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: ANALYSIS-Nigerian vote stirs hopes for reviving oil output

13 Apr 2007 07:47:22 GMT

More  By Matthew Tostevin

LONDON, April 13 (Reuters) – Nigerian elections due to start this weekend are rousing some optimism in the oil industry of a rare chance to cool unrest in the main producing region and eventually bring back lost output.

While flare-ups during voting remain possible in the tense Niger Delta, few predict violence on such a scale it will cut production from the West African country by much more than the one fifth of capacity already factored in by world markets. 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.

Lloyds List: Statoil expects projects to flourish in Norwegian Sea

New gas extraction projects in the Norwegian Sea are set to come onstream over the next five years providing huge opportunities for suppliers of production systems and offshore contractors, writes Martyn Wingrove, Lloyds List

Published: Apr 13, 2007

STATOIL believes there could be at least four more floating production systems deployed in the Norwegian Sea over the next seven years but a new gas pipeline to Europe will be needed.

There has been an increase in exploration drilling activity in the Norwegian Sea lately with a reasonable level of success that is leading the industry into developing more fields. 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 Moscow Times: Sakhalin-2 Deal May Be Close

Friday, April 13, 2007. Issue 3636. Page 5.
By Miriam Elder
Staff Writer

Shell and Gazprom are due to meet with officials from the Industry and Energy Ministry on Monday in an effort to close a deal on the state-controlled gas giant’s entry into Sakhalin-2.

“It is premature to say it is set, but everything is in the final stages,” a source close to Gazprom said Thursday.

Three sources involved in the talks confirmed next week’s high-level meeting, but declined to give details or their names due to the sensitivity of the matter. 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.

Mayo Advertiser: Shell responds to terminal licence objectors

Current Publication Date: 13/04/2007
by Fiona McGarry

Shell E&PI has refuted a number of objections to a controversial decision to award it an operating licence for the Corrib gas terminal.

The company has, this week, lodged a submission with the Environmental Protection Agency in which it responds to claims made by a number of objectors to the licence for the €900 million project.

Among the objectors to the licence are Shell to Sea, the Erris Inshore Fishermen’s Association, An Taisce and local priest Fr Michael Nallen. 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.

INVESTOR’S BUSINESS DAILY: Running On Empty? Not Yet

Posted 4/12/2007

Energy: The theory that oil supplies have peaked and are on their way down has made more than a few Americans nervous. They should relax. A new study confirms that the market, if left alone, will provide for decades.

The peak oil theory was popularized by M. King Hubbert, a Shell Oil geophysicist who wrote a 1956 paper claiming U.S. oil production would peak by the early 1970s and then decline. He was right, but not in any meaningful way. Domestic production peaked, but at a level 13% higher than he predicted. 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 Scotsman: Eight feared dead in North Sea tragedy

FRANK URQUHART
 ([email protected])
Friday 13 April 2007

AT LEAST three people died and five were missing, feared drowned last night after an anchor-handling tug capsized suddenly in the North Sea off Shetland in relatively calm waters.

Ten of the 15 on board the Bourbon Dolphin at the time were rescued, but the Coastguard later confirmed that three of these had died. Another five crew members were unaccounted for as the search was scaled back for the night, more than six hours after the boat capsized in temperatures as low as 5C. 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 Brunei Times: Methanol deals nod to diversification efforts

Shareen Han
BANDAR SERI BEGAWAN
13-Apr-07

AN ECONOMIC wave is expected to sweep Brunei into the international arena and bring in new jobs, new technologies and more business opportunities, after yesterday’s signing of six historic agreements to develop Brunei’s first methanol production and export plant.

The methanol plant project, which involves a total investment of more than $600 million, promises to be a major milestone in Brunei’s efforts of economic diversification through the creation of spin-off industries. 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: Seven killed in gunfights in Nigerian oil delta

Seven people were killed during security patrols in Nigeria’s oil producing Niger Delta, prompting fears militants could strike back, police and security sources said on Thursday.

Five people, including two policemen, were killed in a shootout with criminal gangs on Wednesday in the Emohua district of the oil city of Port Harcourt, police said.

The officers were in the area to investigate fighting between rival gangs. In the second incident, troops killed two suspected militants and captured two more when their patrol boat ran into a militant speed boat on the Cawthorne Channel in Rivers state on Tuesday and engaged it in a gunfight. “Our patrol ran into some militants. 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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