News and information on Shell PLC
June 15th, 2007 22:16
Comment by hgnis in relation to the article…
Mondaq.com: Shell Discovers The Perils Of Plagiarism
Nice one. For far too long the incompetent and arrogant good ole boys have been holding the reigns. I suspect the root cause is as far from being addressed as Shell is from holding on to the project.
hgnis
Saturday 16 June 2007
SANTO DOMINGO.- The Dominican Justice Ministry today Friday said the company Shell has been defrauding the country out of tens of millions of dollars for a long time, and will begin interrogations next week to establish responsibilities.
Corruption Prevention Department (Depreco) director Octavio Líster said he suspects the fraud could be a reiterated practice on the part of Shell, which will require a thorough investigation. “Above all remember that we are talking about an equal partner with the Dominican State as far as shares and that it’s a foreign multinational company.”
Ika Krismantari, The Jakarta Post, Jakarta
Saturday 16 June 2007
The local arm of Royal Dutch Shell Plc., PT Shell Indonesia, said Friday that it would require clarification of the government’s rules on the sale of subsidized fuels before it would get involved in the sector.
“We welcome the government’s plan to encourage new players in the subsidized fuel distribution business, and if the regulations turn out to be appropriate and provide a level playing field, we will be interested,” the newly-appointed president director of Shell Indonesia, Darwin Silalahi, told reporters Friday on the sidelines of the launching of the company’s corporate social responsibility program, Shell LiveWIRE.
By John Kipphoff
June 15 (Bloomberg) — Canadian stocks had their biggest weekly gain in three months, on takeover speculation, after uranium explorer UraMin Inc. agreed to be bought by Areva SA, and Total SA was reported to be preparing a bid for Western Oil Sands Inc.
Global demand for energy and metals have helped commodities rise to records amid a takeover boom, boosting Canada’s main stock index, almost half of which is commodity-related, to a record earlier this month.
“There’s a huge amount of M&A and there will be more of it, but it’s unpredictable,” said Rick Hutcheon, who manages about $171 million as chief investment officer at RKH Financial in Toronto. “We’ve got the reserves and we’ve been selling them. There’s a lot of cash around. Why spend on exploration if you can buy them.”
Efforts are being made once again to advance the Corrib gas project in north Co Mayo and, once again, efforts are being made to frustrate it. The latest attempts at progress are focused on possible alternative routes for the gas pipeline, following the decision by Shell E&P Ireland, almost a year ago, to modify the Rossport route, on foot of a recommendation by the mediator Peter Cassells.
Related to the identification of possible alternative routes is the dispute this week over the placing of a portable toilet at Pollathomas pier for use by workers involved in surveying Sruwaddaccon Bay. The purpose of the survey is to assess the sea-bed and underlying geology for suitability, or not, for pipe laying. Anti-Shell protesters attempted to impede the placing of the toilet and a small generator and there were clashes with gardaI. A local landowner says illegal entry was made on to his land; Shell insist they were availing of a public right of way on to a public pier and that they were acting with the knowledge, in writing, of Mayo County Council and the approval, backed by a foreshore licence, of the Department of the Marine.
Asia-Pacific
Kamarul Yunus
DEMAND for liquefied natural gas (LNG) in the Asia- Pacific region is expected to grow by about seven per cent a year over the next decade, Royal Dutch Shell executive vice-president for global business Peter de Wit said.
He said LNG will continue to play an essential role in meeting expanding Asia-Pacific energy demand and in reducing environmental impact.
Presenting his working paper at the 12th Asian Oil and Gas Conference in Kuala Lumpur yesterday, Wit noted that the development of LNG trade in Asia-Pacific since the 1970s has been a remarkable success.
An optimist will tell you that the future lies with hydrogen. By 2020, we’ll all be travelling in hydrogen-powered machines emitting nothing but water vapour. It is a halcyon vision, but one that might just fly in the face of reality.
Hydrogen might well prove to be the answer to the world’s problems, but there are still huge logistical problems to be overcome in its production, distribution and application.
In the shorter term, diesel will remain a critical option. And especially if that diesel can be produced from something other than oil.
The major focus of capital spending in the mining, oil and gas sectors continues to be the Alberta oil sands. Capital spending in the oil sands grew from $1.9 billion in 1997 to $6.2 billion in 2004 and continues to grow, with over $100 billion in projects scheduled over the next 20 years. The increasing cost of oil sands development has not deterred resource companies from making plans to expand existing projects. For example, Shell Canada Ltd., Chevron Canada Ltd. and Western Oil Sands L.P., owners of the Athabasca Oil Sands Project, recently announced a major plan for expansion. The first stage alone is projected at $10.4 billion.
Tom Shiel
A leading member of the Shell to Sea campaign was remanded on continuing bail when he appeared at Belmullet District Court yesterday on assault, public order and obstruction charges.
One of the charges against John Monaghan, Rossport, Co Mayo, relates to an alleged incident involving a garda in a polling booth at Rossport National School on polling day, May 24th. Judge Mary Devins adjourned all matters against Mr Monaghan to the July sitting of the court.
Also yesterday, the judge indicated she was seeking submissions from both the prosecution and the defence in relation to points of law that had arisen in the case of three north Mayo men – Patrick O’Donnell, Porturlin Shore, Ballina; his son, Jonathan, Porturlin Shore; and Enda Carey, Porturlin Shore. They deny charges of assaulting a garda sergeant at the Bellanaboy gas terminal on October 12th.
Lorna Siggins, Western Correspondent
Shell E&P Ireland has apologised for distress caused to a north Mayo landowner during this week’s preparations for a Corrib gas marine survey.
However, the company says it is not apologising for its handling of the preparations on Monday, which resulted in 20 local residents and two gardaI being injured during a confrontation over the placing of a portacabin near Pollathomas pier.
In a related development, An Taisce’s consultant, Leo Corcoran, says the proposed alternative pipeline route options presented by consultants for the company this week must take into account the location of the gas terminal within a public drinking water catchment.
15 June 2007
Paris-based oil giant Total S.A. has reportedly hired Merrill Lynch & Co. as an adviser on a possible bid for Western Oil Sands Inc. (WTO/TSX), according to La Lettre de l’Expansion.
Royal Dutch Shell Plc and Texaco Inc. are also said to be interested in the Canadian company, which has a 20% stake in the Athabasca Oil Sands Project, a Bloomberg News report said, citing the French newspaper.
While a representative from Total declined to comment on the rumour, the company’s shares climbed to a record high on Friday.
Leader, The Scotsman – United Kingdom
Published: Jun 15, 2007
WITH the rise in oil prices, Aberdeen has been booming. Yet the oil business is a risky and volatile one, as is shown yet again by the surprise decision by Shell not only to sell off some of its mature oilfields in the British sector, but to cancel plans for a new GBP 25 million HQ in Aberdeen itself. What does this portend?
Shell is selling a number of its older North Sea oilfields, which are expensive to run, in order to concentrate development activities elsewhere. This move does not mean oil output from the North Sea will fall. These fields will be sold to smaller companies – some of them Scottish – who are experts in extracting the last drop of oil from mature wells. In fact, the outlook for Scottish oil companies and supply firms has never been healthier.
Davidson Iriekpen, This Day (Nigeria)
Published: Jun 15, 2007
The incessant kidnapping of foreigners, especially oil and allied workers by the Niger Delta youth, experts and government officials say is adversely affecting the economy of the area as companies daily pull out from the zone. This trend worries the new governmrnt in Rivers State Government, which is poised to tackle the menace.
On Tuesday, about 13 foreign oil workers kidnapped by restive militants operating in the Niger Delta creeks were released after the intervention of the Bayelsa State Governor Timipre Sylva and the Nigeri Delta Development Commission (NDDC) managing director, Timi Alaibe. Kidnapping and release of foreigners has become a frequent occurrence in the zone in recent time.
Chika Amanze-Nwachukwu, This Day (Nigeria)
Published: Jun 15, 2007
Dissatisfied with the Federal Government’s decision to return the disputed Oil Prospecting Licence (OPL 245), to Malabu Oil and Gas, a company owned by erstwhile Minister for Petroleum Resources, Chief Dan Etete, Shell Nigeria Exploration and Production Company (SNEPCO), has approached a Federal High Court to set aside the settlement terms between government and the company (Malabu).
This is coming as Texaco Petroleum Company was said to have indicated interest in the oil block.
Published: Jun 15, 2007
KOTA KINABALU: Coming from a poor family, Beberino Albert does not get pocket money when he goes to school.
When he needed to buy books, he would have to beg for money from his parents, both farmers, who have to dig deep in their pockets.
Yesterday, the 17-year-old Form Five student of SMK Tambunan, about 90km from here, was beaming. He was among 200 secondary school students who received a bursary of RM750 from Shell Malaysia.
“It is a relief as it will greatly ease the burden of my parents to pay for my school needs,” said Beberino who aspires to be an archaeologist.
Fri Jun 15, 2007 2:22 PM BST
By Marie Maitre
PARIS (Reuters) – Total shares set a record high on Friday as a weaker euro and hopes for strong 2007 profits and production volumes lured investors back into a stock that has underperformed energy peers so far this year.
Shares in the French oil and gas giant were up 1.5 percent at 1300 GMT, bringing its rise to 6 percent over the past four days, nearly twice the gains clocked by rival majors Exxon Mobil and Royal Dutch Shell during the same period.
Frank Urquhart
Published: Jun 15, 2007
FEARS that Shell is preparing a retreat from its vast North Sea operations were raised yesterday after the oil giant announced plans to sell off some of the company’s major offshore assets and to scrap proposals for a new GBP 25 million subsea centre of excellence in Aberdeen, Europe’s oil capital.
In an announcement that sent shockwaves through every sector of the industry, Shell revealed that the company and its partner, Esso, were putting their joint interests in six mature North Sea oilfields on the open market, placing the future of 400 jobs in doubt.
EXTRACT: As evidence, Baker points to the way Friends of the Earth attacks Shell and BP, both of whom compile comprehensive CSR reports with a tremendous range of technical information, while they ignore what Baker calls “some of the worst corporate villains in the world.”
By Anthony Harrington
MALLEN Baker, business development director at Business in the Community – an umbrella group of more than 700 UK companies committed to corporate social responsibility (CSR) – is quite clear that CSR should be about two things.
Published: Jun 15, 2007
MOVES by Shell and ExxonMobil to pull out of the UK northern North Sea have confirmed fears that the region is unprofitable despite high oil prices, writes Martyn Wingrove.
Also up for sale is the equity in the oil export pipeline between Cormorant and the Sullom Voe tanker terminal in Shetlands and operated interests in the Kestrel and Pelican fields.
Their interests in Total’s Otter field, which is linked to Eider and Dana Petroleum’s Hudson field tied back to Tern and in the Strathspey field, are also available.
EXTRACT: The newsletter also cited Royal Dutch Shell PLC and Texaco Inc. as being interested in Western Oil, which rose $1.08 or 3 per cent to $35.50 on the TSX Thursday, giving the company a market value of $5.6-billion.
THE ARTICLE
Leonard Zehr, today at 7:48 AM EDT
Investors are keying on the week’s most important piece of economic data, the U.S. consumer price index for May, due for release before the bell Friday, to set the day’s direction in equities.
“If the news from CPI should be favourable then there’s a good chance that might give the stock market a boost,” Peter Cardillo, chief market economist at Avalon Partners, told Reuters. “Corporate news this morning seems favourable, but all the market’s action is predicated on the CPI, which I think might not be as pleasant as the Street is expecting.”
MEO Australia has created an alternative project offshore northwest Australia to commercialise the large untapped gas resources in the Timor Sea, writes Martyn Wingrove.
The Australian-listed companyhas plans to build the world’s first offshore liquefied natural gas production plantin the Tassie Shoal area off theDarwin coast in order to turn untapped gas into a marketable product in Asian markets.
Worley Parsons has designed an LNG plant and associated storage and export facilities that can sit on offshore platforms, while MEO has gained state and federal-commonwealth environmental approvals.
Friday 15 June 2007
West Texas price discount expected to grow
BLOOMBERG: West Texas Intermediate may maintain or widen its discount to Brent oil until 2009 because of pipeline bottlenecks in Cushing, Oklahoma, where the crude is delivered, Sanford C. Bernstein & Co. said.
WTI, the grade for futures trading in New York, has been at a discount to Brent since February and the spread reached a record $6.54 a barrel on May 24. WTI has lagged behind because U.S. refinery outages cut demand and there aren’t the pipeline links to export the crude to other regions, Bernstein said.
By Bunny Nooryani
June 15 (Bloomberg) — Dansk Undergrunds Consortium, which accounts for more than 80 percent of Denmark’s petroleum output, said oil and condensate production slid 4.6 percent in May from a month earlier.
Average production dropped to 265,500 barrels a day from 278,400 barrels a day a month earlier, Maersk Oil, which operates the venture, said on its Web site today. The group’s natural-gas output rose to 501 million standard cubic meters in May from 495 million cubic meters the month before.
Fri Jun 15, 2007 11:02 AM BST
(Refiles to correct spelling error in “update”) (Adds background)
NEW DELHI, June 15 (Reuters) – India’s cabinet on Friday approved state-run explorer Oil and Natural Gas Corp. (ONGC.BO: Quote, Profile , Research) to buy a 33 percent stake in an Egyptian deepwater gas block from operator Royal Dutch Shell (RDSa.L: Quote, Profile , Research), a minister said.
“ONGC’s proposal to buy stake in Shell’s block in Egypt has been cleared. The amount is around $380 million,” the cabinet minister, who did not wish to be identified, said.
June 15 2007 at 12:12PM
By Estelle Shirbon
Lagos – Royal Dutch Shell tightened security for staff in Nigeria’s anarchic Niger Delta on Friday as a precaution after the release of a prominent rebel leader, security sources said.
Shell told non-essential staff to stay at home and restricted the movement of others because of uncertainty over how Thursday’s court decision to free Mujahid Dokubo-Asari on bail would play out in the lawless delta.
“It’s a precautionary measure, just in case there is any trouble,” said one security expert working for oil majors.
2007-06-15
Russian gas major Gazprom says it plans to increase production with 20 percent by year 2020. Analysts doubt the company will be able to meet the objective.
Responding to critics accusing the gas company of failing to secure higher production, Gazprom’s Deputy Chairman Aleksandr Ananenkov yesterday hit back saying that the company will increase gas extraction to 670 billion cubic meters by year 2020. Compared with 2006 figures the planned 2020 production will be up 20 percent. Mr. Ananenkov argues that the company has developed technical solutions which enables it to keep up high production figures also in winter time under extreme temperatures.
What’s wrong with quoting somebodies words? Nothing wrong with that albeit used with bad taste.
Fri Jun 15, 2007 9:35 AM BST
NEW DELHI, June 15 (Reuters) – India’s cabinet on Friday approved state-run explorer Oil and Natural Gas Corp. (ONGC.BO: Quote, Profile , Research) to buy a 33 percent stake in an Egyptian deep-water block from operator Royal Dutch Shell (RDSa.L: Quote, Profile , Research), a minister said.
“ONGC’s proposal to buy stake in Shell’s block in Egypt has been cleared. The amount is around $380 million,” the cabinet minister, who did not wish to be identified, said.
EXTRACTS: …Putin has been doing his best to educate those willing to learn. Last year, he taught Royal Dutch Shell, Mitsui, Mitsubishi, and the Japanese government that the Bandar Bang payments they had made, a decade ago, for their concession to produce gas from the Sakhalin-2 field, in the Russian fareast, weren’t a one-time transaction for profit-taking in perpetuity. They resisted at first, telling the world’s media that their budget overruns, environmental losses, and tax savings were legal, because Yeltsin and his gang had signed their agreement, and been paid for it. In time, they understood that resistance risked the loss of their entire stake. They therefore sold part down, in order to preserve the profitability of what was left.
By Dennis Webb
Post Independent Staff
Glenwood Springs Colorado CO
June 15, 2007
Shell has pulled a state mining permit application but remains committed to trying to commercially develop oil shale in western Colorado, a company spokesperson said Thursday.
The company has withdrawn a permit application associated with one of three, 160-acre oil shale research, development and demonstration leases it has been awarded on federal lands.
Shell’s permit decision means that it is putting on hold plans to hire 600 workers. However, no workers are losing their jobs, Shell spokesperson Jill Davis said Thursday.
By MIKE McKIBBIN & AMY HAMILTON The Daily Sentinel
Friday, June 15, 2007
RIFLE — A permit to start work on one of three federal oil shale research leases in Rio Blanco County was withdrawn Thursday by Shell Exploration and Production Co. to allow more time to test its process, according to a company official.
The move does not mean Shell has any plans to abandon its longtime efforts to mine shale oil, spokeswoman Jill Davis told The Daily Sentinel, nor should it affect plans to decide shortly after the next decade if the process will allow Shell to develop a commercial project.
By LK Hyman
The media seem to have gone totally doolally over David Greer’s e-mail to his Sakhalin pipeliners. I thought that it was rather harmless in the compendium of damn stupid and pointless motivational messages from management which Shell tended to churn out regularly in the days of yore when I was on the payroll.
Everyone seems to have missed the important message (as usual) which the e-mail effectively sent out to Shell shareholders, and that is that it is still the English speakers and the Shell guys who are making this project work, not Boris and his Cossack chums. Greer didn’t send it out in Russian, did he? It wasn’t Gazprom who were exhorting the drones to pull their fingers out. So all is still well in the grand scheme of things.
By Angela Macdonald-Smith
June 15 (Bloomberg) — Shares in Woodside Petroleum Ltd., Australia’s second-biggest oil and gas producer, rose for a second day on gains in crude-oil prices and a report examining the merits of a merger with BG Group Plc.
The stock of the Perth-based company, which operates the North West Shelf liquefied natural gas venture and is 34 percent owned by Royal Dutch Shell Plc, today jumped as much as 79 cents, or 1.8 percent, to A$45.31 on the Australian Stock Exchange, their highest for almost 11 months. The shares, which gained 4.3 percent yesterday, were at A$44.84 at 3:03 p.m. in Sydney.
June 15, 2007
(India Business Insight Via Thomson Dialog NewsEdge)
Royal Dutch Shell is likely to finalise long-term contracts for liquefied natural gas (LNG) for its import terminal at Hazira by the end of 2007. The company is operating the terminal on spot cargoes. Shell intends to expand the regassification terminal to two million tonnes a year.
By Ed Crooks
Published: June 15 2007 03:00 | Last updated: June 15 2007 03:00
North Sea oil fields producing about 54,000 barrels a day have been put up for sale by Royal Dutch Shell and ExxonMobil, in the latest move by the big oil companies to scale down their presence in the region.
Shell has also scrapped plans for a new building on its campus outside Aberdeen.
The North Sea is one of the world’s fastest-declining areas for oil production. The latest BP Statistical Review of World Energy shows UK output fell by 9.6 per cent last year – faster than any other country except Turkmenistan and Chad.
UPDATED: 09:40, June 15, 2007
Oil giant Shell wanted the Niger Delta’s faith based organizations (FBOs) to be active in promoting peace in the area, a company official said on Thursday in Port Harcourt, the capital city of Nigeria’s southeastern Rivers State.
Speaking at a workshop for the FBOs, Diezani Alison-Madueke, the external affairs director of Shell Petroleum Development Company (SPDC), said as agents of morality, they owed the region the responsibility of ensuring peace and tranquility.
06.15.07, 2:24 AM ET
LONDON (Thomson Financial) – Royal Dutch Shell PLC is looking to cut at least 100 mln usd in spending from its Nigerian operations in the next few years to offset rising costs and lost revenue as security concerns curtail oil production, the Wall Street Journal reported, citing people familiar with Shell’s operations.
The planned cuts are likely to include trimming at least 200 jobs in the next three years, said the people familiar with the matter. In an internal announcement to Shell’s 4,500 Nigerian employees May 30, the company said the changes amount to ‘an austerity program for three years,’ according to the newspaper.
This is not a Shell website. That fact should be abundantly plain from the overall content of this home page and our sister Shell-focussed websites, including shellnazihistory.com. Click on the Disclaimer link at top of this page for more information. You Can Be Sure Shell does not endorse or approve of this website. There are no subscription charges nor do we solicit or accept donations. It is an entirely free to use website drawing attention to the negative side of Shell while also publishing positive news about the company. The Shell logo image with the white text used on this website, as per the above example, is in the public domain because its copyright has expired and its author is anonymous. It can be found on WIKIMEDIA COMMONS. Our shellenergy.website publishes Shell Energy customer complaints posted on Trustpilot where there is an ample supply. Use this link for Shell’s own website.
EBOOK TITLE: “SIR HENRI DETERDING AND THE NAZI HISTORY OF ROYAL DUTCH SHELL” – AVAILABLE ON AMAZON
EBOOK TITLE: “JOHN DONOVAN, SHELL’S NIGHTMARE: MY EPIC FEUD WITH THE UNSCRUPULOUS OIL GIANT ROYAL DUTCH SHELL” – AVAILABLE ON AMAZON.
EBOOK TITLE: “TOXIC FACTS ABOUT SHELL REMOVED FROM WIKIPEDIA – HOW SHELL BECAME THE MOST HATED BRAND IN THE WORLD” – AVAILABLE ON AMAZON.
Royal Dutch Shell conspired directly with Hitler, financed the Nazi Party, was anti-Semitic and sold out its own Dutch Jewish employees to the Nazis. Shell had a close relationship with the Nazis during and after the reign of Sir Henri Deterding, an ardent Nazi, and the founder and decades long leader of the Royal Dutch Shell Group. His burial ceremony, which had all the trappings of a state funeral, was held at his private estate in Mecklenburg, Germany. The spectacle (photographs below) included a funeral procession led by a horse drawn funeral hearse with senior Nazis officials and senior Royal Dutch Shell directors in attendance, Nazi salutes at the graveside, swastika banners on display and wreaths and personal tributes from Adolf Hitler and Reichsmarschall, Hermann Goring. Deterding was an honored associate and supporter of Hitler and a personal friend of Goring.
Deterding was the guest of Hitler during a four day summit meeting at Berchtesgaden. Sir Henri and Hitler both had ambitions on Russian oil fields. Only an honored personal guest would be rewarded with a private four day meeting at Hitler’s mountain top retreat.
IN JULY 2007, MR BILL CAMPBELL (ABOVE, A RETIRED GROUP AUDITOR OF SHELL INTERNATIONAL SENT AN EMAIL TO EVERY UK MP AND MEMBER OF THE HOUSE OF LORDS: 
MORE DETAILS:
MORE DETAILS: After a solicitor acting for Shell threatened to make the litigation "drawn out and difficult" with the intention of draining the resources of a financially weaker opponent, my late father (Alfred Donovan) and I decided to mount a wide-ranging campaign as a counter-measure. We jointly founded the Shell Corporate Conscience Pressure Group, which nearly 15% of Shell UK retailers joined. We regularly conducted ethical surveys involving up to 1500 Shell petrol stations. All responses were opened and authenticated by an independent solicitor who supplied Affidavits confirming the results. In whole page announcements in trade magazines (examples above) we challenged Shell to commission and publish the resuits of independent research asking the same questions and offering respondents GUARANTEED anonymity. Shell never took up the invitation. Instead it asked the UK Advertising Standards Authority to investigate our Shell surveys. No problems were found. The head-cut image of Alfred Donovan appears courtesy of The Wall Street Journal. 
See our link list of over 500 articles by the FT, Wall Street Journal, Reuters, Bloomberg, Forbes, Dow Jones Newswires, New York Times, CNBC etc, plus UK House of Commons Select Committee Hansard records, information on U.S. Securities & Exchange Commission website etc. all containing references to our Shell focussed websites, or our website founders Alfred and John Donovan. Includes TV documentary features in English and German, newspaper and magazine articles, radio interviews, newsletters etc. Plus academic papers, Stratfor intelligence reports and UK, U.S. and Australian state/parliamentary publications, also citing our Shell websites. Click on this link to see the entire list, all in date order with a link to an index of over 100 books also containing references to our websites and/or our activities.
John Donovan, the website owner
A head-cut image of Alfred Donovan (now deceased) appears courtesy of The Wall Street Journal.
