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May, 2007:

The New York Times: Russia Putting on a Davos-Style Economic Forum to Showcase Its Growth

EXTRACT: Gazprom, the natural gas monopoly, acquired 50 percent of a Royal Dutch Shell development on Sakhalin Island in a forced sale last fall. That followed the effective nationalization of Yukos, once Russia’s largest private company. And recently, officials have threatened to revoke a major gas field license held by a joint venture of BP in Russia, TNK-BP.

THE ARTICLE

By ANDREW E. KRAMER
Published: May 26, 2007

MOSCOW, May 25 — The Kremlin is hoping it can put the focus on gains in the Russian economy at a forum for business leaders next month in St. Petersburg, highlighting growth that has been overshadowed by negative political news from Russia. read more

This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Daily Telegraph: Rebels in Nigeria take four Britons

By Mike Pflanz, Africa Correspondent
Last Updated: 4:09am BST 26/05/2007

Four British contractors were kidnapped in Nigeria’s oil-rich delta region yesterday when militants attacked a boat ferrying workers laying pipes.

Five other foreigners – three Americans, a South African and a Filipino – and one of their Nigerian colleagues were also taken hostage during the raid, off the coast of Baylesa state.

Gunmen in two speedboats launched the early morning raid on the Nigerian-owned oil services company vessel, which had been loaned to a firm laying new oil pipes, reports from the country said. read more

This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Associated Press: Analysts: Storms Could Affect Gas Prices

May 26, 2007 – 12:37am

By JOHN PORRETTO
AP Business Writer

HOUSTON (AP) – If you think gasoline prices are high now, consider the eye-popping possibilities if another monster storm pummels the Gulf of Mexico this hurricane season, the way Katrina and Rita battered the petroleum-rich waters in 2005.

The petroleum industry has spent nearly two years trying to repair the damage from those historic Gulf hurricanes, rebuilding the complex web of platforms, pipelines and refineries in a region that produces roughly 25 percent of the nation’s oil and 15 percent of its natural gas. read more

This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

The Guardian: HSBC profits hit by customer charge revolt

Jill Treanor
Saturday May 26, 2007

Further evidence that the profits of Britain’s banks are being hit by customers reclaiming bank charges emerged yesterday when HSBC admitted it was feeling the repercussions of a customer revolt.

Following Barclays’ admission on Thursday, HSBC told shareholders at yesterday’s annual meeting: “In Europe, revenue growth is constrained as a result of our credit appetite and competitive forces…” This was taken as a hint about the impact of customers reclaiming charges. read more

This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

A Shell of Democracy

The views and opinions expressed in the article below do not necessarily reflect the views or opinions of the owners of this website or any endorsement or confirmation by us of any alleged facts or allegations.

An article by Shawn Hattingh
 
On the 16th of May 2007, Father Kukah visited the University Cape Town to discuss the recent Nigerian elections. For those people who are not familiar with Father Kukah, he is the person who was appointed by the Nigerian state to ‘reconcile’ the Ogoni people and Shell. Indeed, he has been working around the clock to get Shell back in Ogoniland through ‘reconciliation’. Ever since Shell was kicked out of Ogoniland 13 years ago by popular protests, it has been desperate to get its grubby paws back on that area’s oil.
 
Being so close to the Nigerian government, Father Kukah had a skewed view of the recent elections. During the meeting in Cape Town, Father Kukah noted that even though the Nigerian election was flawed, it was a step forward from the previous military dictatorships that existed in Nigeria. What Father Kukah failed to mention, however, was that the rigged election results will not lead to an ounce of change in the lives of most Nigerians. For as long as the present system remains in Nigeria, the majority of Nigerian people will not see the benefits of Nigeria’s oil. Indeed, the majority of Nigerian people will remain impoverished and exploited. Along with this, he also failed to mention that the true holders of power in Nigeria are not the Nigerian people or the political parties that may claim to represent them; the real holders of power are rather the IMF, World Bank and the huge multinational oil companies that are sucking the resources out of that country. Certainly, these institutions are not about to let go of the lucrative stranglehold they have over Nigeria or its resources.
 
The World Bank and IMF have controlled the Nigerian economy for over two decades. They set the spending priorities of the Nigerian government, not the token figures who sit in the Nigerian Finance Ministry. Indeed, it is the IMF and World Bank that have dictated that Nigeria should focus its spending on debt servicing; rather than on education and healthcare. They are responsible for forcing Nigeria to liberalise every aspect of the economy. This has seen the Nigerian state clamping down on workers rights; privatising every government function including healthcare and education; relaxing environmental laws; and allowing multinational corporations to repatriate all of their profits out of Nigeria. All of this has been done in order to meet the desires of the multinational oil companies that are operating in Nigeria; at the direct expense of the majority of people.
 
Father Kukah, in his presentation in Cape Town, of course failed to note that the biggest beneficiary of the situation that exists in Nigeria has undoubtedly been Shell. Shell has been operating in Nigeria since 1958 and is responsible for over 80% of the oil that is extracted from the Niger Delta. This has seen Shell producing 400 000 barrels per day, everyday, since then. The result; Shell has made hundreds of billions of dollars. Most of this money has been whisked away by Shell, while a trickle has been handed on to corrupt Nigerian elites to keep the black gold flowing smoothly. The real cost of Shell’s practices, however, have been borne by the people of Nigeria and the environment in which they live.
 
Although Shell has drilling operations in over 28 countries, 40% of all its worldwide oil spillages occur in the Niger Delta. Since 1976, it has been calculated that Shell has been responsible for over 3 000 oil spills in the Niger Delta. The way in which Shell has dealt with these oil spills has been to set them alight. This has seen the land on which these spills have occurred becoming totally infertile and unusable. All of these spillages have also resulted in the death of aquatic life in rivers in the Niger Delta. Most of the water sources that are used for human consumption have been smothered with oil. In 1997, an environmental justice group based in Nigeria, Project Underground, found that petroleum hydrocarbons in the water sources of one part of the Niger Delta, Ogoniland, were 360 times the legal levels allowed in the European Union. Considering that most of the people in the Niger Delta survive through subsistence fishing and farming, the economic and health consequences of this pollution have been devastating.   
 
Shell also flares the natural gas in the Niger Delta that is associated with oil extraction. Indeed, 2.5 billion cubic feet of gas is flared in the Niger Delta every single day. This has seen massive amounts of greenhouse gasses, such as CO2 and methane, being pumped into the atmosphere. In fact, the Nigerian oilfields release more greenhouse gases than all of the rest of the countries in sub-Saharan Africa combined. Due to this massive amount of air pollution, the Niger Delta regularly experiences acid rain. The flares have also exposed the people of the Niger Delta to a cocktail of toxins. The morbid consequences are that premature death from respiratory illnesses, cancer and asthma have become a regular occurrence.
 
Shell, with the assistance of the Nigerian state, have also expropriated vast tracks of land from the indigenous population, with little or no compensation. By 1993, the people of the Niger Delta, spearheaded by the people of Ogoniland, struck back. They began to peacefully occupy the oil installations within the Niger Delta. The response from Shell, along with its allies in the Nigerian state, was swift and ruthless. Since 1993, over 2000 people in the Niger Delta have been murdered by Nigerian state forces at the bidding of Shell. These victims have included people such as the activist and poet, Ken Saro-Wiwa. His crime – questioning Shell’s right to pillage the Niger Delta. In fact, Shell’s involvement with the Nigerian state and the military is so extensive that it has even openly admitted that it funds the Nigerian forces that are deployed in the Niger Delta. Shell has also let it slip that on at least two occasions it has directly paid military officials to storm specific villages. On each occasion, people within these villages were murdered by these paid henchmen.
 
Events that took place in 1999 perhaps mostly clearly demonstrate how far multinational oil companies, and their state stooges, will go to further their interests. In January 1999, women from Ogoniland launched a massive peaceful campaign against Shell: Operation Climate Change. The Shell-backed military administration’s knee-jerk reaction was to deploy two warships and 15 000 troops against these peaceful demonstrators. During the course of this action, hundreds of these women were raped. This systematic violation of human rights was then followed with a full-scale onslaught on a group of environmentalists that were occupying one of the drilling rigs as part of Operation Climate Change. The soldiers that launched the attack used gun boats supplied by Chevron and were backed up by helicopter gunships. When the smoke subsided, over fifty unarmed environmentalists lay dead.
 
Naturally, being a government and Shell man, Father Kukah failed to mention anything about these atrocities that have been committed against the people of the Niger Delta. His solution to the problem of the Niger Delta is to tell the people of the Delta to stop resisting multinational oil companies, such as Shell. For Father Kukah there is simply no alternative. Fortunately, the peoples of the Niger Delta’s have not headed the advice of the Shell stooge, Father Kukah.  Indeed, struggle for environmental and economic justice continues in the Niger Delta. To be sure, the struggle of the people of Ogoniland, and the wider Niger Delta, will continue. The oil companies, the IMF, the World Bank, the Nigerian government and Father Kukah leave them with no other choice. read more

This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

International Herald Tribune: Russia tries to keep politics out of business

By Andrew E. Kramer
Friday, May 25, 2007

MOSCOW: The Kremlin is hoping it can put a positive gloss on economic developments here at a coming forum for business leaders in St. Petersburg, highlighting gains in the Russian economy that have been overshadowed recently by a flurry of negative political news from Russia.

The Russian government has billed the June 8-10 gathering in St. Petersburg as a sort of World Economic Forum for emerging markets, with a focus on Russia’s oil-driven economy.

Indeed, economic growth in Russia has been defying critics who said the worsening political climate between the Kremlin and the West might stunt investment. In the first quarter of this year, for example, gross domestic product grew 7.7 percent; foreign investment is up 150 percent over the period a year earlier. read more

This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Fool.com: Russia: Bigger Than Big Oil

By David Lee Smith May 25, 2007

For nearly two decades, the U.S. has believed that it emerged victorious from its Cold War against Russia and its Soviet minions. That may be true politically, but I hope that emerging changes in the global energy market don’t prove that we won only a skirmish, with the real war still unresolved.

Just 10 years ago, the United States produced 6.4 million barrels of crude oil a day. Today, we’re down 20%, to about 5.1 million barrels daily. At the same time, we consume a whopping 20.8 million barrels daily — more than four times what we can produce. read more

This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

PR Newswire (US): Royal Dutch Shell plc: Buyback of Own Shares

Published: May 25, 2007

LONDON, May 25 /PRNewswire-FirstCall/ — Royal Dutch Shell plc announces that on 25 May, 2007 it purchased for cancellation 390,000 “A” Shares at a price of 27.77 euros per share. It further announces that on the same date it purchased for cancellation 210,000 “A” Shares at a price of 1880.27 pence per share.

Following the cancellation of these shares, the remaining number of “A” Shares of Royal Dutch Shell plc will be 3,672,800,000.

As of 25 May, 2007 2,759,360,000 “B” Shares of Royal Dutch Shell plc were in issue. read more

This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Financial Times: On London: Stable long-term outlook of a cyclical sector

EXTRACT: The big standout exception, however, is oil and gas. The sector has seen a hefty 4.3 per cent share price jump over the past two weeks amid a rise in oil prices and a brief of speculation of a merger of BP and Royal Dutch Shell. However, the sector still trades on a sharp discount to the market.

THE ARTICLE

By Tony Tassell
Published: May 25 2007 19:48 | Last updated: May 25 2007 19:48

The cyclical stock has become a fading species in the UK. It used to be the case that a company that had earnings that rose and fell more with the economic cycle would be valued quite differently to a more defensive stock with more stable profits. read more

This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

PR Week: API targets bloggers as prices at the pump rise

Michael Bush PR Week USA May 25 2007 09:50

WASHINGTON: The American Petroleum Institute’s (API) recent outreach in the wake of record-high gas prices last week featured traditional media relations, but it has also added pitching to bloggers, a relatively new strategy, to its pre-driving season PR.

Gas prices reached a record high of $3.18 last week, the start of the summer driving season.

Jane Van Ryan, senior manager of communications at API, which represents all aspects of the country’s oil and gas industry, is heading up the association’s blog-related efforts. read more

This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Gulf-Times (Qatar): US bill seeks to ‘name and shame’ firms eyeing Iran

Published: Friday, 25 May, 2007, 12:49 PM Doha Time 
 
EXTRACT: Chairman of the House Foreign Affairs Committee, Tom Lantos, D-Calif, has also filed legislation that would force the Administration to enforce the Iran Sanctions Act, which penalises international firms such as Royal Dutch Shell, Statoil and Total that conduct business with Iran.

THE ARTICLE

WASHINGTON: The US House of Representatives Financial Services Committee on Wednesday passed a bill that would “name and shame” companies investing in Iran and allow public and private pension funds with hundreds of billions of dollars in assets to divest from such companies. read more

This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

MarketWatch: Exxon Mobil reportedly mulls sale of some U.K., U.S., Canada assets

By Benoit Faucon
Last Update: 6:42 AM ET May 25, 2007

LONDON (MarketWatch) — ExxonMobil Corp. has earmarked for a possible sale several mostly gas interests in the U.K., Texas and Canada, according to documents published on a Schlumberger Ltd. website.

ExxonMobil, the world’s largest oil and gas company, is “soliciting bids for the sale” of its operated gas fields in the Baffin Bay Field area of Texas, one document says. Bids are due June 18 and the “effective time of the sale is September 1,” it adds. read more

This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

UpstreamOnline: Shell among Peru hopefuls

By Upstream staff

Royal Dutch Shell is among 37 companies to have expressed an interest in bidding for oil exploration concessions in Peru, according to Daniel Saba, head of state agency Perupetro..

Shell sent a letter of interest to the Peruvian government, said Saba, adding howeve, that he was not sure yet whether Shell would finally take part.

Saba declined to name the other 36 but said they were all large or medium-sized companies.

Companies have until 8 June to enter the bidding process for the 19 concessions and the results will be announced on 12 June, Saba said, adding he expected the number of bidders to rise as the deadline neared. read more

This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

UpstreamOnline: Delta gunmen kidnap Polish engineer

By Upstream staff

Gunmen have kidnapped a Polish engineer near the oil city of Warri in the Niger Delta, security sources said today, bringing the total number of foreign hostages held in the Nigerian region to 16.

Six gunmen seized the Polish man, who is the chief engineer for a dredging company, at Orugbo Creek near Warri port, security experts working for oil companies were quoted as saying by Reuters.

Abductions for ransom or to press political demands are frequent in the impoverished Niger Delta. read more

This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

International Herald Tribune: Crude oil prices rise on Nigeria strike, worry over Iran

The Associated Press
Published: May 25, 2007

LONDON: Crude oil prices rose Friday amid worries about supply after Nigeria’s powerful oil unions went on strike and gunmen kidnapped six oil workers in the nation’s south. Concern about more tensions with Iran was also a factor.

Potential conflicts in Nigeria — Africa’s biggest oil producer and a top supplier of crude to the United States — and Iran could affect global supplies and are buoying prices after a sharp drop-off Thursday, analysts said. read more

This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

BBC News: Gunmen kidnap Nigeria oil workers

Friday, 25 May 2007, 10:17 GMT 11:17 UK 

Gunmen have kidnapped six oil workers in Nigeria’s main oil-producing region, sources in the region say.

The six were reportedly in a boat laying pipelines off the Bayelsa State coast when they were attacked.

The nationalities of those seized is not yet clear. Such kidnappings are fairly common in the Niger Delta.

The hostages are usually released unharmed after ransom deals between the kidnappers and oil companies – although this is officially denied. read more

This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Daily Mail: Is Airmiles Andy earning his keep at last?

After the Easter weekend, the Prince criss-crossed the country on a chartered jet, meeting the President, pushing Rolls-Royce, BP, Shell and BG Energy, before flying back to UK on a scheduled British Airways flight.

This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Shell Development in Beaufort, Chukchi Seas and Bristol Bay Threatens U.S. Native Whaling Traditions

ANCHORAGE, Alaska, May 24 /PRNewswire-USNewswire/ — The following is being issued by Alaska Wilderness League:

WHAT: On Friday, May 25, at 10 am AK time, Alaska Native whalers and conservation groups will host a press briefing to discuss U.S. native whaling interests under threat in the Bush administration’s 5-Year OCS Plan for Shell development in the Beaufort and Chukchi Seas and Bristol Bay of Alaska.

Despite local and national opposition, Shell Oil advocated for the withdrawal of a moratorium protecting Bristol Bay from offshore oil and gas development, and has an aggressive exploration plan, including harmful seismic testing and shallow well drilling, in the Beaufort and Chukchi Seas. read more

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Sioux City Journal: How about an investigation?

IDA GROVE, Iowa — According to the Energy Information Administration, in 2004 we paid 33 cents in refinery costs and profit for a gallon of gas, in 2005, 43 cents, in 2007, it is 80 cents. This is just the refining cost and profit, separate from crude oil cost, and distribution costs. Apparently the oil companies have figured out that by restricting supply with “refinery outages” they can make a lot more money. Is anybody investigating this? — Randy Miller

This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Houston Chronicle: Oil executive responds to outcry: Rob Routs calls on Americans to cut demand

By BRETT CLANTON
Copyright 2007 Houston Chronicle

With gasoline prices topping $3 nationwide, many U.S. drivers and some lawmakers are accusing oil companies of intentionally keeping pump prices high to increase profits.

But Rob Routs, Royal Dutch Shell’s top executive over global refining operations, said the situation the U.S. finds itself in today has been years in the making and has to do more with the country’s shortage of refining capacity than any profiteering on the part of oil companies. read more

This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Bloomberg: Shell, Exxon to Sell Several North Sea Oil and Gas Prospects

By Stephen Voss

(Bloomberg) — Royal Dutch Shell Plc and Exxon Mobil Corp., the world’s two largest oil companies, are seeking buyers for their stakes in several undeveloped North Sea discoveries, according to a Schlumberger Ltd. oil-services marketing Web site.

Shell, Europe’s largest oil company, plans to sell its stakes in six blocks in the central North Sea, including the Jackdaw, Bligh and Bacchus discoveries, with estimated reserves of about 500 million barrels of oil equivalent, the site said. A data room will be open for prospective buyers from May 29 till July 23, it said. read more

This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Business News Americas: Shell launches new diesel product – Chile

Anglo-Dutch oil major Shell (NYSE: RDS) launched its new diesel fuel on the Chilean market on Thursday, the company said in a statement.

The new diesel is designed to burn faster than standard diesel, thereby producing more efficient combustion in automobile engines, according to the company. – (Business News Americas)

Published: May 24, 2007

This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Bangkok Post (Thailand): Getting cosy with gasohol

ALFRED THA HLA,
Published: May 25, 2007

The Shell Company of Thailand and the Bangkok Post are within five minutes walking distance from each other, which is why both companies can lay claim to the city’s most delicious duck noodle shop just around the corner of Na Ranong Road.

Folks, having a panoramic view of a fuel depot isn’t high on my wish list. But such proximity allowed yours truly to walk back to his office in the drizzle in order to “refuel” with alkaline batteries for the S9500 digital camera, writing pad and pens before running back to make it in time for this exclusive with Chaovalit Mahatumaratana, Senior Technical Advisor Asia Envelope for Shell. read more

This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

The Daily Record (Scotland): pounds 110k fine for death on oil ship

Published: May 25, 2007

A NORTH Sea oil company were fined pounds 110,000 yesterday for safety breaches that led to a worker’s death on a drilling ship.

Derrick Love, 34, of Invergowrie, near Dundee, was hit by tool-string assembly equipment.

The deck operator was on MSV Seawell, which is owned by Cal Dive International and was carrying out work for Shell, on February 20 last year.

Aberdeen firm Well Ops (UK), formerly Cal Dive International, admitted failing to control the lowering and lifting of the mandrel and toolstring assembly. read more

This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Daily Telegraph: BP’s Russian gas licence ‘to be revoked’

Oleg Mitvol

(Oleg Mitvol: no guarantee)

By Russell Hotten
Last Updated: 1:22am BST 25/05/2007

BP’s role in a huge Russian gas field may come to an end as early as next week, a top Moscow official has warned.

Russia’s environmental agency has stepped up pressure on the UK energy group’s joint venture, TNK-BP, saying that its licence to operate at the Kovykta gas field may by revoked by June 1.
 
TNK-BP’s subsidiary working the field, Rusia Petroleum, has gone to the courts to clarify the terms of its Kovytka licence, a process that could take several weeks. But yesterday, Oleg Mitvol, deputy head of environmental watchdog Rosprirodnadzor, said “the likelihood” of TNK-BP’s licence being revoked was “100pc”. read more

This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Mayo Advertiser (Ireland): Shell offers college scholarship to four Mayo schools

Current Publication Date: 25/05/2007
by Fiona McGarry

Pupils at four Mayo secondary schools are being offered the chance to win third-level scholarships from the developers of the Corrib gas field.

The programme, which will begin in autumn this year, will offer ten scholarships a year to pupils of Coláiste Chomáin, Ros Dumhach; Our Lady’s Secondary School, Belmullet; St Brendan’s College, Belmullet; and St Patrick’s College, Lacken-Cross.

The scholarships are valued at €4,000 per annum each and will cover the entire duration of the course undertaken, up to a maximum of four years. The programme will run in 2007, 2008 and 2009, but will be subject to review after that date. read more

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Reuters: Shell among companies interested in Peru oil concessions

Fri May 25, 2007 1:30 AM BST

LIMA, (Reuters) – Anglo-Dutch oil major Royal Dutch Shell (RDSa.L: Quote, Profile , Research) is among 37 companies to have expressed an interest in bidding for oil exploration concessions in Peru, the government said on Thursday.

Shell sent a letter of interest to the Peruvian government, said Daniel Saba, head of state agency Perupetro, adding however: “We don’t know if they will finally take part yet”.

Saba declined to name the other 36 but said they were all large or medium-sized companies. read more

This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

CBS News: Stations Boycott Their Own Gas Over High Prices

May 24, 2007 7:10 pm US/Eastern

(CBS News) MEQUON, Wis. It’s not just drivers who are sick of high gas prices. Sky-high numbers at the pumps have prompted some Wisconsin service stations to boycott their own high prices and stop selling fuel.

With Memorial Day— the traditional start of the summer driving season — upon us, AAA says prices at the pump have continued to rise, though increased supplies might help prices start leveling off in time for the long weekend.

It says the national average for regular unleaded gas has topped $3.22 a gallon; that is up 37 cents from a month ago. Illinois had the highest state average price for regular unleaded, $3.52. read more

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Shell Hydrogen LLC and Virent Energy Systems, Inc. Announce Agreement to Manufacture Hydrogen Using Biomass

HOUSTON and MADISON, Wis., May 24 /PRNewswire/ — Shell Hydrogen LLC (Shell Hydrogen) and Virent Energy Systems, Inc. (VirentTM) today announced a five-year joint development agreement to develop further and commercialize Virent’s BioFormingTM technology platform for hydrogen production.

Virent’s technology enables the economic production of hydrogen, among other fuels and chemicals, from renewable glycerol and sugar-based feedstocks. The vast majority of hydrogen today is produced using fossil fuels, including natural gas and coal. read more

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Bill O’Reilly: Getting hosed

Bill O'Reilly

By Bill O’Reilly  
 
Every time you gas up your vehicle and that hose locks into the tank, you, American person, are getting hosed. The energy scam we are presently experiencing is one smooth operation. This time the Arabs aren’t raising prices on barrels of oil. This time it’s not saber rattling from Iran that is driving up the price of gas. No, this time the problems are in Whiting, Ind., and Norco, La.

There are oil refineries in both those towns, and they’ve had a few annoying problems. A little power outage here, a small fire there. And whenever the speculators hear of any problem in an American refinery, they bid up the price of oil. The oil companies see that and immediately tell your gas station guy to charge more. read more

This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

The Economist: Canada’s oil boom: Building on sand

May 24th 2007 | FORT MCMURRAY, ALBERTA
From The Economist print edition

The allure and perils of investing in Alberta’s oil sands

EACH tyre on the massive trucks carting gritty black goo around a mine in northern Canada weighs as much as four cars, an engineer explains excitedly; the trucks, in turn, can carry 400 tons. They are driving around a hole in the ground that is several hundred metres deep, several kilometres wide, and growing fast. Open-cast mines like this are planned for some 3,000 square kilometres of the surrounding area, and subterranean ones beneath a further 35,000 square kilometres. read more

This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Houston Chronicle: Rumblings of breaking up Big Oil: Lawmakers call for splitting industry giants

May 24, 2007, 12:58AM
By DAVID IVANOVICH
Copyright 2007 Houston Chronicle Washington Bureau

WASHINGTON — Here in the nation’s capital, discussions about the oil industry are just nothing like the conversations heard at Houston energy conferences.

When oil industry officials have addressed the record-high gasoline prices, they’ve pointed to unexpected downtime at refineries, political unrest in Nigeria and lower imports from Europe.

Lawmakers at a Joint Economic Committee hearing Wednesday talked about breaking up the oil companies. read more

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Reuters: Striking unions threaten Nigerian oil production

Staff have begun an indefinite strike at Nigeria’s largest state oil refinery over welfare and to protest against privatization.
LAGOS –  Thursday , 24 May 2007

Staff of Nigeria’s state oil company began an indefinite strike on Thursday over welfare and union leaders said they would target oil production if their demands are not addressed within days.

The strike, which is also to protest against the privatisation of the country’s largest oil refinery last week, is expected to first hit domestic fuel supplies. read more

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International Herald Tribune: East Africa attracts hunters for oil and gas

EXTRACT: The shores of Zanzibar are attracting interest from international oil giants, like Royal Dutch Shell.

May 24, 2007

PARIS: Oil companies, both western and Asian, are hunting in earnest for oil and gas in East Africa, a still largely under-explored region, as energy nationalism in Russia, Venezuela and the Middle East closes off opportunities in more proven areas.

“East Africa, for a frontier area, is experiencing one of the highest levels of investment in the world right now – but we’re only seeing the beginning,” said Chris Matchette-Downes, vice president of business development at Black Marlin Energy, an oil service company based in Dubai and specializing in the region. About $500 million is being spent on research but so far only about 479 wells have been drilled from Eritrea to Cape Town including Madagascar, compared with as many as 30,000 in northern and western Africa, he said. read more

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newsday.co.tt: Total signals bid for Esso

Thursday, May 24 2007

Total, a French firm, has reportedly made a bid to acquire Esso’s Caribbean operations.

French integrated energy giant Total, the fourth largest oil company in the world, is bidding to purchase Esso’s Caribbean operations, including those in Jamaica, for a sum in excess of US$400M the Business Observer has said.

Last week, Total’s managing director in Jamaica, Luke Mache, was non-committal when he was contacted for a comment. “That is a matter for head office in France,” he told the Business Observer. “Local subsidiaries do not comment on acquisitions of this nature, but if you do hear anything further, do let me know.” read more

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World Politics Review: Crisis in Nigeria’s Niger Delta Shows No Signs of Abating

Onyema Okonkwo | 24 May 2007

WARRI, Nigeria — It takes two hours by boat to get to Deibu, an isolated outpost of about 17,000 people in Nigeria’s Niger Delta. The town is cut off from civilization by the River Nun and a thick mangrove forest, and first-time visitors who make the journey are struck by the poverty they find — a stretch of rickety mud houses, with canoes lying by the riverside.

Deibu is trapped in another age. Children and adults bath naked in the Nun. There is no electricity service or plumbing. The village’s only sign of modernity is a battered health center, a primary school built by the villagers, and a six-classroom secondary school donated by the Shell oil company. read more

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International Herald Tribune: World Court has jurisdiction in parts of west African corruption case, judges say

The Associated Press
Thursday, May 24, 2007

THE HAGUE, Netherlands: A diplomatic spat between two west African nations based on allegations of multimillion-dollar corruption in the oil industry will be untangled by the International Court of Justice, after judges ruled Thursday they have jurisdiction in parts of the dispute.

The case, which likely will take years to settle, involves Guinean entrepreneur Ahmadou Sadio Diallo, who was jailed by Congolese authorities and then deported in 1996 following a dispute over millions of dollars (euros) that Congolese oil companies owed to two trading companies he had set up. read more

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Milwaukee Journal Sentinel: Running on empty: Hit by high prices and fees, some gas station owners stop selling fuel

Running on Empty

(As gas prices hit another record last Friday, Jeff Curro couldn’t take it anymore. Photo/Michael Sears)

By THOMAS CONTENT
[email protected]
Posted: May 23, 2007

After owning the Shell gas station at 3075 N. 124th St. in Brookfield for 20 years, Jeff Curro has stopped selling gas. As gas prices rose, his profit margin dropped.

He wasn’t a motorist at the pump fed up by the blur of numbers spinning higher as he filled his tank.

Curro is a gas station owner who has stopped selling gas to his own customers. read more

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The Economist: Gazprom strikes again? BP’s woes in Russia

May 24th 2007
From the Economist Intelligence Unit ViewsWire

Russian regulators are doing a final check of alleged licence violations at the giant Kovykta gas field, which is majority owned by BP’s Russian joint venture. The licence could be withdrawn in a matter of weeks, but it is also possible that a deal could be reached to bring in state gas company Gazprom as the majority shareholder in the field, just as Shell and its partners did at Sakhalin-2. A comparison of the two cases, however, points to an outcome at Kovykta even less favourable for the foreign investor. read more

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Bloomberg: APEC Energy Ministers to Discuss Carbon Emissions (Update2)

By Gemma Daley and Angela Macdonald-Smith

May 24 (Bloomberg) — Asia-Pacific Economic Cooperation energy ministers will next week discuss carbon emissions as they seek to improve energy security while reducing environmental effects, an Australian minister said.

The talks by energy ministers from 21 APEC nations, including the U.S. and China, will feed into the leaders meeting in Sydney in September, Australian Industry Minister Ian Macfarlane said today. APEC nations, which include the U.S. and China, are responsible for 60 percent of global energy demand. read more

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AFX News: TNK-BP could lose gas field licence by June 1 – environmental official

05.24.07, 6:32 AM ET

MOSCOW (Thomson Financial) – A subsidiary of Russian-British oil major TNK-BP Holdings could lose its license for the massive Kovykta gas field in Siberia before June 1, a top environmental official warned today.

Checks on licence compliance at the field have begun and in the event that they reveal ‘substantial violations, they could lose their license before June 1,’ Oleg Mitvol, deputy head of environmental watchdog Rosprirodnadzor, told AFP.

‘According to the law, the likelihood is 100 pct,’ he said. read more

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AFX News: Russian government hunting for Yukos asset buyer Prana

05.24.07, 6:13 AM ET

LONDON (Thomson Financial) – Russian authorities are looking for Prana, the unknown company which paid 3.9 bln usd to acquire key assets of bankrupt energy empire Yukos, beating rival Rosneft in a dramatic bidding war on May 11.

The country’s anti-monopoly service had extended a deadline for ruling on the deal until August 2 after documents sent to Prana’s registered address in Moscow were returned to the sender.

‘There’s no way of finding out the ownership of this company. We have no contact with them. That’s the whole problem,’ said Alexander Pirozhenko, an official from the anti-monopoly service. read more

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New Haven Register: Nappier seeks ouster of oil exec

EXTRACT: In some environmental circles, Exxon Mobil is viewed as a laggard compared with competitors such as BP PLC, ConocoPhillips and Royal Dutch Shell?s U.S. arm, all of which have joined a corporate-environmental coalition urging Congress to require limits on greenhouse gases tied to global warming.

THE ARTICLE

Associated Press
05/24/2007

HOUSTON — A group of institutional investors led by Connecticut State Treasurer Denise Nappier is calling for the ouster of a member of Exxon Mobil Corp.’s board of directors, saying the oil giant is putting itself at financial risk by continuing to ignore global climate change. read more

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Grand Junction Sentinel (Colorado): State questions Shell’s plan for oil-shale testing

By BOBBY MAGILL The Daily Sentinel
Thursday, May 24, 2007

GUNNISON — Several state agencies questioned Royal Dutch Shell’s Colorado mining permit application for the company’s proposed oil shale research test in Rio Blanco County, saying some aspects of the project could harm groundwater and water rights.

The Colorado Division of Reclamation, Mining and Safety must authorize Shell to test its in situ shale oil extraction process before the company begins work on the first of three oil shale research and development leases in Rio Blanco County. read more

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Bloomberg: Clinton Aide Penn Mixes Campaign Role, Advocacy for Companies

EXTRACT: On March 23 of this year, he described a trip to Houston, where he met with John Hofmeister, the head of Royal Dutch Shell Plc’s U.S. arm and a leader in an industry that Clinton, 59, has criticized for reaping “windfall profits.” Hofmeister is “interested in doing some more research around upcoming events — always good news,” Penn wrote.

THE ARTICLE 

By Timothy J. Burger and Kristin Jensen

May 24 (Bloomberg) — Presidential candidate Hillary Clinton proposed on Feb. 27 more research funds for new energy technology, including “clean” coal systems. The next day, Mark Penn, her top campaign strategist, had a different take on coal. read more

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The Wall Street Journal: Energy Blog: Still Bullish on Energy

May 23, 2007, 12:12 pm
Posted by Mark Gongloff

Worth Civils checks in with this look at one analyst’s good feelings about Europe’s oil majors.

Merrill Lynch is still bullish on Europe’s oil and gas industry. In a research note yesterday, analyst Karen Olney offered three reasons for her optimistic outlook of the region’s oil sector, which includes Eni and Royal Dutch Shell.

First, she said, European oil stocks are cheap. Compared with 17 other sectors in Europe, oil has the second-cheapest price-to-earnings ratio after telecom and is on par with the insurance industry. read more

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The New York Times: Oil Industry Says Biofuel Push May Keep Gas Prices Up

New York Times photograph

(A tanker leaving a refinery in Chalmette, La. Oil companies have scaled back plans to increase fuel production at existing refineries because of calls for greater use of ethanol.)

By JAD MOUAWAD
Published: May 24, 2007

Gas prices are spiking again — to an average of $3.22 a gallon, and close to $4 a gallon in many areas. 

And some oil executives are now warning that the current shortages of fuel could become a long-term problem, leading to stubbornly higher prices at the pump.

They point to a surprising culprit: uncertainty created by the government’s push to increase the supply of biofuels like ethanol in coming years. read more

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The New York Times: Offshore Oil and Hurricanes: Deeper May Mean Riskier

By REUTERS
Published: May 23, 2007
Filed at 11:50 a.m. ET

HOUSTON (Reuters) – As oil companies working in the Gulf of Mexico prepare for an active hurricane season, experts say more drilling in deeper waters farther out to sea has made the United States more vulnerable to energy disruptions.

Forecasters have predicted that as many as 17 named storms, five of which could be major hurricanes, will form this season in the Atlantic Basin, which includes the gulf. The season starts June 1 and runs through November 30. read more

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Daily Telegraph: Energy Database: Thursday 24 November 2007

Last Updated: 12:37am BST 24/05/2007

A round-up of headlines from across the financial sectors, provided by Bloomberg News

ENERGY

• Royal Dutch Shell bought about $190m of its own shares over the past two weeks, resuming a method of returning cash to shareholders it had stopped for three months and rejoining rivals like BP.

• BP and other energy companies must start competing in November for government funding of carbon capture and storage projects that make electric power with fewer emissions.

http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2007/05/24/cxbloom24.xml read more

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THISDAY ONLINE (Nigeria): Grants Shell’s Prayer on OMLs

From Funso Muraina in Abuja, 05.24.2007

A Federal High Court in Abuja yesterday granted an order stopping three foreign companies that submitted bids for the Oil Mineral Licenses 13 and 16 at the May 11 Bid Round from dealing in any way with the said OMLs.

Justice Anwuri Chikere granted the order to Shell Petroleum Development Company after listening to the company’s counsel, Mr. Joel Akomolafe from the chambers of Afe Babalola & Co.

The court also ordered that all the processes filed in the suit be served on the three foreign companies at their respective addresses overseas. read more

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