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Posts on ‘April 14th, 2007’

The Observer: Crude awakening, part one

For decades, the oil-rich delta of the Niger river has been plundered by western companies and rampant political corruption. But now a small group of ruthless Ijaw tribesmen are threatening to sabotage production unless their demands for compensation are met. Sebastian Junger heads into the secretive mangrove swamps to meet the waterborne warriors who are prepared to trigger a global meltdown

Sunday April 15, 2007

On 23 June 2005 a group of high-ranking US government officials convened in a ballroom of the Four Seasons Hotel in Washington, DC, to respond to a simulated crisis in the global oil supply. The event was called Oil ShockWave, and among those seated beneath a wall-sized map of the world were two former heads of the CIA, the president of the Council on Foreign Relations and a member of the Joint Chiefs of Staff. The scenario they were handed was this: civil conflict breaks out in northern Nigeria – an area rife with Islamic militancy and religious violence – and the Nigerian army is forced to intervene. The situation deteriorates, and international oil companies decide to end operations in the oil-rich Niger river delta, resulting in a loss of 800,000 barrels a day on the world market. Concurrently, in this scenario, a cold wave sweeping across the northern hemisphere boosts global demand by 800,000 barrels a day. Because global oil production is already functioning at close to maximum capacity (around 84m barrels a day), small disruptions in supply shudder through the system very quickly. A net defi cit of almost 2m barrels a day is a signifi cant shock to the market, and the price of a barrel of oil rapidly rises above $80. Any other disruption – a terrorist attack in Saudi Arabia, for example – would spike prices through the roof. 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 Observer: Crude awakening, part two

For decades, the oil-rich delta of the Niger river has been plundered by western companies and rampant political corruption. But now a small group of ruthless Ijaw tribesmen are threatening to sabotage production unless their demands for compensation are met. Sebastian Junger heads into the secretive mangrove swamps to meet the waterborne warriors who are prepared to trigger a global meltdown

Sunday April 15, 2007

On 10 November 1995 an Ogoni author named Ken Saro-Wiwa and eight other anti-Shell activists were hanged by the Abacha government on trumped-up charges of incitement to murder. Saro-Wiwa had been a driving force in the formation of a group called the Movement for the Survival of the Ogoni People – Mosop – which had taken a stand against environmental damage caused by the oil industry and the uncompensated appropriation of Ogoni land for oil drilling. Ignored by the Nigerian government, Mosop petitioned Shell and the other oil companies directly. They wanted $10bn in accumulated royalties and environmental-damage compensation, and a greater say in future oil exploration. Again ignored, Saro-Wiwa organised mass protests that managed to shut down virtually all oil production in Ogoniland. It was a severe blow not only to the oil industry but to the system of corruption and patronage it had spawned, and the Nigerian military reacted with predictable brutality. 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.

Sunday Telegraph: Gazprom flexes its muscles in Europe

By Sylvia Pfeifer,

Gazprom, the Russian state-owned gas giant that provides a quarter of Europe’s gas needs, is to make its first foray into electricity generation in continental Europe in a move that underlines the scale of its ambitions in the West.

The company plans to build a combined cycle gas turbine station in Germany to supply industrial customers and trade power in what will be one of its first major projects outside Russia. It has teamed up with Soteg, Luxembourg’s main power supplier, to build the €400m (£270m) plant in the eastern German town of Eisenhüttenstadt. The plant will generate 800MW from 2010 but the two companies still need to get approval to build it. 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.

Iraqupdates.com: Shell awaiting visibility on the Iraqi oil law

Chief executive of Royal Dutch Shell Company said on Thursday that the oil company will invest in Iraq only if they are fully confident of the legal framework that governs the oil and gas projects.

Iraqi government had adopted last February a draft law on Iraq’s oil, which would facilitate investment to foreign companies and it is important for the organization of dividing the huge oil wealth among the sects and ethnic groups.

However, Jeroen van der Veer, Head of Shell said that his company is still studying the law and it needs to make sure that it would not be facing a different legal framework before it ventures with its funds. 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: Protesters try cuffing themselves to lorries

Published: Apr 14, 2007

THE protest at the Shell site escalated yesterday after protesters attempted to handcuff themselves to moving lorries.

Two protesters ran towards lorries taking excavated peat from the Corrib Gas refinery site in Bellanaboy, Co Mayo, with the intention of handcuffing themselves to the vehicles.

But their plans were thwarted by gardai. Officers intervened and prevented a female protester from attaching herself to the wing mirror of a truck as it left the terminal compound.

The handcuffs were confiscated but the protester was not arrested. 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 Mirror: Gardai foil shell gas rally

MIRROR REPORTER,
Published: Apr 14, 2007

PROTESTERS were foiled yesterday in their attempts to chain themselves to lorries at the Shell gas refinery site.

Skirmishes involving gardai and demonstrators marked an otherwise peaceful day at the Bel-lanaboy plant in Co Mayo.

Around 10 women – some from the area, others bussed in from Dublin and Cork -managed to briefly gain access to the secured site.

All were removed without any arrests or violent scenes that have marred previous confrontations at the oil giant’s contentious operation. 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: In Today’s Journal: Green China

Posted by WSJ.com Staff
April 12, 2007, 10:29 am

If you’re hungry for WSJ energy news, but too busy to flip through the entire paper to find it, here’s a quick roundup:

China has signed on to fight global warming, saying it will participate in talks on a future framework, a move that could boost international efforts to combat climate change. It could also lead to a more effective system to limit greenhouse gases that contribute to global warming and put further pressure on the U.S. to adopt a mandatory limit on its emissions. 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: Opposing Putin

EXTRACT: Putin loyalists have taken control of the economy, particularly the energy sector, reining in foreign firms such as Shell and humbling those, such as the imprisoned tycoon Mikhail Khodorkovsky, who refuse to fall into line.

Saturday 14/04/2007

Being an opposition politician in Vladimir Putin’s Russia must be one of the most thankless tasks in European politics.

Take the “Other Russia” group, for example. This week, it plans to stage demonstrations in Moscow and St Petersburg against President Putin’s ever more autocratic regime. 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: Need to know: Shell faces a $100 million (£50 million) hit

April 14, 2007

Natural resources

Shell faces a $100 million (£50 million) hit after reports that Russia is considering cutting the amount of reimbursable expenses available to operators of the Sakhalin-1 and Sakhalin-2 offshore oil and gas fields. Other groups set to lose out include the US giant Exxon and India’s ONGC.

http://business.timesonline.co.uk/tol/business/markets/article1653044.ece

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: Business in Brief: Shell-Gazprom deal

Saturday April 14, 2007

Royal Dutch Shell and Gazprom have yet to close a $7.5 billion (£3.8 billion) deal that will give the Russian gas giant a majority stake in the $20 billion Sakhalin-2 project, the Russian daily the Moscow Times reported.

The paper quoted a source close to Gazprom as saying that a deal was in its “final stages” but the timing remains uncertain. Gazprom wants to isolate itself from the fallout from alleged environmental damage caused by the project, according to the article. (Thomson Financial) 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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