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Posts on ‘December 6th, 2007’

Shell reserves fraud document published on 6 Dec 2007: deposition of John Malcolm, Managing Director Petroleum Development Oman

Videotaped Deposition of JOHN MALCOLM taken in Washington, D.C. on Friday, October 20th, 2006: John Malcolm, Managing Director of Petroleum Development Oman (owned partly by Royal Dutch Shell Plc)

http://www.shellnews.net/classactiondocs/357_3_Malcolm_dep.pdf

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: UPDATE 1-Inter says cash flow unaffected by Scotford fire

Thu Dec 6, 2007 5:16pm GMT

CALGARY, Alberta, Dec 6 (Reuters) – Cash flow from Inter Pipeline Fund’s (IPL_u.TO: Quote, Profile, Research) Corridor pipeline, which ships bitumen to an upgrader near Edmonton from the Athabasca Oil Sands Project in northern Alberta, will not be affected by a November fire at the upgrader, the company said on Thursday.

The Nov. 19 fire forced the operator of the Scotford upgrader, Royal Dutch Shell Plc (RDSa.L: Quote, Profile, Research), to shut the facility and run the adjacent refinery at reduced rates. The upgrader remains off line. 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.

news.com.au: Chinese fury at cyber spy claims

By Rowan Callick and Jane Macartney
December 07, 2007 12:13am
From The Australian

CHINA issued a furious response to reports that Chinese agencies are spying on international companies using the internet.

China has been accused of running international cyber-espionage rings that have gained access to strategic corporate and defence information from countries including Australia, Britain, Germany, India, New Zealand and the US.

But the claim, apparently backed up by Britain’s MI5 spy chief Jonathan Evans, has been strenuously denied by Beijing. 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.

TheStreet.com: Hydrogen Cars Closer Than They Appear

The Street image

Hydrogen fuel station in Reykjavik 

By Eileen Gunn
Special to TheStreet.com
12/6/2007 11:42 AM EST
 
REYKJAVIK — Owning a car not powered in any way by gasoline seems about as likely as using a jet pack to fly to work.

Sure, it might happen, but not anytime soon.

The day when gas-powered cars disappear completely from our roads is probably decades away. But changing a nation’s transportation and fueling infrastructure happens gradually, not overnight. And the time when hydrogen cars and hydrogen fuel stations are common might be closer than many think. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Bloomberg: House Poised for Energy Vote; Senators Will Fight (Update2)

By Tina Seeley

Dec. 6 (Bloomberg) — The U.S. House is poised to vote today on legislation aimed at boosting alternative energies such as wind and solar power at the expense of the oil and gas industry. It faces a tough battle for Senate approval and a presidential veto threat.

The bill toughens car fuel-economy standards, mandates an increase in the use of gasoline alternatives such as ethanol, boosts efficiency measures, requires that utilities get 15 percent of their power from renewable sources and includes a $21 billion tax package. Congressional action comes two weeks after crude oil futures prices hit a record $99.29 a barrel on Nov. 21. 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.

Forbes: Motiva Transitions 10 Houston Area Shell Stations to The Lewis Group LLP

12.06.07, 8:59 AM ET

HOUSTON, Dec. 6 /PRNewswire/ — Building on its commitment to increase minority opportunities throughout the Shell retail network, Motiva Enterprises LLC (Motiva), today announced that The Lewis Group LLP (TLG) will acquire 10 of its Shell-branded retail locations in the greater Houston area.

“We are proud to be members of the Shell-branded network, and we look forward to expanding our offerings and growing our business across greater Houston,” said Sherman Lewis III, president, TLG. “As members of the National Urban League, we commend Motiva on its commitment to support minority-owned businesses and increase diversity throughout its network of Shell-branded stations.” 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.

Kommersant: Gazprom Spent Too Much

Dec. 06, 2007 

The net profit of Russia’s gas monopoly, Gazprom lowered 25 percent in the second quarter under the International Accounting Standards. The half-year decline was 2.6 percent. The analysts say that exactly the H1 performance is significant for the annual results but caution Gazprom against further surge in the costs. The investors don’t appear agitated either; the stocks of Gazprom grew 4.6 percent to 4.9 percent yesterday on Russia’s exchanges.

Under the accounting report of Gazprom, its net profit shed 25 percent to 102.9 billion rubles in the second quarter of this year. The half-year decline wasn’t so material – 2.6 percent to 313.2 billion rubles. At the same time, Gazprom revenues grew 5 percent both in the second quarter and in the first half of the year. 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.

Oil and Gas Eurasia: Shell is on Short-List for 10 Bln USD Sour Gas Project in United Emirates

06.12.2007

Royal Dutch Shell PLC and Los Angeles-based Occidental Petroleum Corp. are the final contenders for a $10-billion project to develop sour gas reserves in Abu Dhabi, o be awarded within two weeks, people familiar with the project said Wednesday.

The pair make the final shortlist of bidders drawn up by Abu Dhabi National Oil Co., or Adnoc, people familiar with the situation told Dow Jones Newswires.

Adnoc, which produces almost all the oil in the United Arab Emirates, was expected to award the country’s largest-ever non-associated gas development some time this month. 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: This Is the Life: Luxurious Digs On Frigid Oil Sands

Firms in Canada Pay Well,
And Steak Is on the Menu;
‘Smell of Money’ Beckons
By DOUGLAS BELKIN
December 5, 2007; Page A1

WOOD BUFFALO, Alberta — Mike Savoie’s new room comes with a 20-inch flat-screen TV, double bed, high-speed Internet access and daily maid service. Prime rib is on the Thursday dinner menu. The bar opens at 6 p.m., and if that doesn’t relax him, there’s a yoga class at 7.

The cost to the 38-year-old heavy-equipment operator of what he calls his “five star” accommodations? None.
 
In Canada, oil companies are waging a bidding war for skilled workers. Shell Oil opened Albian Village, the centerpiece of a $12 billion project to house 2,500 employees. 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.

Financial Times: BP in strategic U-turn over Canada’s oil sands

By Ed Crooks in London
Published: December 6 2007 02:00 | Last updated: December 6 2007 02:00

BP has made a dramatic strategic U-turn, investing in production in Canada’s oil sands for the first time.

It has agreed a joint venture with Husky Energy, the Canadian oil company controlled by Li Ka-Shing, to pool assets worth about $5bn, and invest a further $5.5bn over the next eight years.

The move is another break by Tony Hayward, the chief executive who took over in May, from his predecessor Lord Browne. 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 Guardian: BP to pump billions into oil sands despite green worries and high costs

· Deal comes as Opec refuses to raise output
· Strong demand and high crude price tempt UK firm
 
Mark Milner
Thursday December 6 2007

BP teamed up yesterday with the Canadian oil group Husky Energy in a multibillion-dollar deal that will give the UK group a strategic presence in oil sands for the first time. BP is following Shell in investing heavily in oil sands but there has been criticism from green groups over the environmental impact of extracting the oil.

BP will take a half share in Husky’s Sunrise oil sands field in Alberta with the Canadian group taking a 50% stake in BP’s Toledo refinery in Ohio. The refinery will be upgraded to cope with the extra heavy crude output from the Canadian 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.

cnbc.com: Kazakhstan has right to intervene in key projects

Dec. 6, 2007:
By Maria Golovnina

ASTANA (Reuters) – Kazakhstan will exercise its right to intervene in natural resources projects if one of the investors tries to sell out, Kazakh Prime Minister Karim Masimov said on Thursday.

Kazakhstan is locked in a row with the Eni-led group developing the huge Kashagan oilfield over cost overruns and production delays. Kazakhstan has said one of the members, Exxon Mobil , is against a proposed settlement plan.

Speaking at a business conference in Astana, Masimov stressed Kazakhstan’s commitment to the continuity of existing contracts in the natural resources sector. 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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