BP suffered a further blow to its influence over its Russian joint venture TNK-BP on Monday when one of its senior appointees resigned, joining the growing list of managers to leave the troubled oil producer.
August, 2008:
Senior TNK-BP official resigns
Second TNK-BP executive resigns
Anthony Considine, the companys head of downstream business, responsible for its oil refining, trading and marketing businesses, is leaving after five years to pursue other opportunities as the battle for control of the business escalates.
Denmark to Build Country’s Biggest Offshore Wind Park
Dong, based in Skaerbeak, Denmark and E.ON AG of Dusseldorf, Germany, last month bought Royal Dutch Shell Plc's stake in London Array, a planned 1,000 megawatt development of as many as 341 turbines off the southeast coast of Britain, after Shell said offshore wind costs had become too high.
Fishermen seek State help in Shell Corrib pipeline row
Shell EP Ireland said last week that it would move the gear temporarily to a "safer location" if the O'Donnells and several other fishermen did not lift the gear themselves.
Royal Dutch Shell takes aim at Arrow’s LNG
OIL major Royal Dutch Shell is in talks with Gladstone coal seam methane export hopeful LNG Ltd to buy liquefied natural gas, according to the global giant's local partner.
Fishermen accused of taking Shells shilling resign from EIFA
Mr Patrick ODonnell told the Mayo Advertiser that the statement gave a totally misleading view of recent events surrounding the Corrib gas project and added that he has been forced to resign from the EIFA to maintain his lawful fishing rights.
Shell to Sea kayakers brave waters to protest against Solitaires arrival
Gardaí have confirmed that eight Shell to Sea protesters were arrested yesterday (Thursday) at Glengad beach.
Arrow forecasts record earnings
The company in June signed a $776 million deal with Royal Dutch Shell to commercialise its vast coal seam gas reserves through a proposed liquefied natural gas (LNG) development in Queensland.
Oil steadies above $114 despite rising dollar
Energy companies, including Chevron Corp, ExxonMobil Corp, BP Plc, ConocoPhillips and Royal Dutch Shell said they were keeping track of the storm but their operations were not affected.
We tilt at windmills as world war looms
Is the world drifting towards a new global war?
Educate Consumers on More Efficient Use of Energy
CONSUMERS need to become more efficient users as more than half of the energy generated today goes to waste, Shell Malaysia chairman Datuk Saw Choo Boon says.
Shell-Anglo Collaboration Says LaTrobe Coal Has Clean Coal Future
Monash Energy is a collaboration of Shell and Anglo American and which jointly aims to develop a clean coal to liquid project in the LaTrobe Valley, east of Melbourne, utilising the latest low emissions technologies.
Installation Of Shell Perdido SPAR Make Way For World Deepest Subsea Well
The Shell-operated Perdido Spar has arrived in the deepwaters of the Gulf of Mexico. Perdido will be the deepest oil development in the world, the deepest drilling and production platform in the world and have the deepest subsea well in the world.
The benefits and the curse of oil
Iraqs government hopes to improve output by more conventional measures, too. It is negotiating contracts with the biggest Western oil firms, including Exxon Mobil, BP and Total, to refurbish five of the countrys biggest oilfields.
Residents told Shell $26 million settlement money on the way
Yurgine hopes that $26 million, part of a Kankakee County-record settlement residents won in a class-action lawsuit against Shell Oil Co., will be disbursed to Limestone property owners the end of this year.
Feds: Interior had ‘inappropriate relationships’ with oil execs
The Denver Post
Feds: Interior had ‘inappropriate relationships’ with oil execs
BY MILES MOFFEIT
DENVER Federal investigators are preparing to release a report detailing improper relationships between oil executives and Interior Department officials who oversee offshore drilling. Criminal charges will be pursued against at least one staffer, according to sources familiar with the inquiry.
Up to 10 employees from Interiors Denver-based Minerals Management Service ran afoul of federal ethics rules. Their interaction with representatives for three major oil companies, including Royal Dutch Shell, are at issue.
big ownership shift at the top of the global oil industry either merger or takeover should not be ruled out
The oil majors the likes of Exxon, Shell and BP are suffering from the same sky-high costs as the mining giants, to say nothing of a severe lack of accessible new reserves. Over the next couple of years, while also subject to regulatory approval, a big ownership shift at the top of the global oil industry either merger or takeover should not be ruled out.
World must brace itself as the US banking sector ‘fesses up’ to losses
...drastic events are now almost unavoidable and could very soon be upon us. And when they happen, a sense of shock will pervade not only the US financial sector, but the Western world and, in fact, the entire global economy.
Will Canada’s oil boom be an environmental bust?
Shell, Exxon-Mobil, Chevron, Canada's Imperial and other companies plan to strip an area here the size of New York state that could yield as much as 175 billion barrels of oil.
Deceiving or cheating consumers at the pump
Attorney General Jon Bruning has had his hands full with gas station owners and distributors across Nebraska determined to deceive or cheat consumers at the pump.
The Offshore Imperative: Shell Oil’s Search for Petroleum in Postwar America
It is the story of an Americanized oil company that enjoyed near autonomy in business decisions from its U.K./European parent syndicate, the Royal Dutch/Shell Group.
Iogen, Shell expand partnership
BIOMASS MAGAZINE
September 2008 Issue
Iogen, Shell expand partnership
Ottawa-based Iogen Corp. and Royal Dutch Shell PLC have extended their partnership to accelerate the development and production of cellulosic ethanol. The companies first partnered in 2002 when Shell purchased an equity stake in Iogen. As part of the extension, Shell will increase its shareholding percentage in Iogens subsidiary technology development firm from 26.3 percent to 50 percent. The oil giant will also contribute to full-scale cellulosic ethanol production feasibility and design assessment work being conducted by Iogen.
TNK-BP chief slams ‘abuse of power’ in Russia
Although BP still backs Mr Dudley as chief executive of TNK-BP, it has admitted that he cannot continue in the job indefinitely if he is unable to return to Moscow.
TNK-BP’s chief accuses Russians of power abuse
Robert Dudley, the chief executive of TNK-BP who was forced into exile, has struck out against the Russian authorities in a public letter accusing them of abusing their powers.
TNK-BP boss Bob Dudley demands investigation into harassment by Russia
The row over TNK-BP, a government attack on the steelmaker Mechel, falling oil prices and the invasion of Georgia have driven the RTS index down from 2,303 on June 30 to 1,707 last night.
The Russian power play on oil, natural gas reserves
In one of the most blatant instances, Shell Oil was forced to yield control of its operations off Sakhalin Island in exchange for a payment of $7.4 billion from state-dominated Gazprom. Most outside analysts estimate that Shell's share was worth $15 billion to $17 billion.
WA oil facilities ready for spill response
Inspectors did find serious problems at the Shell Puget Sound Refinery near Anacortes.
Shell confirms find at Saudi Empty Quarter -report
DUBAI, Aug 23 (Reuters) - Royal Dutch Shell said a joint venture with state-owned Saudi Aramco had discovered a hydrocarbons system at the kingdom's Empty Quarter, Middle East Economic Digest (MEED) reported.
Shell required to pay $46 million to settle U.S. pollution lawsuit
The suit came about as a result of a gas spill that occurred after a Shell pipeline broke in 1988.
China and Iraq Finalize Oil Contract, as Western Oil Majors Waver
Thirty-five foreign oil majors were invited to bid for contracts to provide technical support and help boost production in eight oil and natural gas fields last month. However, it was recently reported that oil majors are balking at the commitment...
Oil majors look set fair for mergers
The last big oil merger cycle was a decade ago and we are set fair for another bout. The majors have held back - a year ago BP toyed with the idea of courting Shell and Shell has an on-off love affair with BG Group.
Nigerian President YarAdua sacks army chiefs in shake-up
The coastal region is home to some of the worlds biggest oil companies including Chevron and Royal Dutch Shell and produces millions of barrels of oil every day, yet the majority of people live in poverty on the polluted wetlands.
Eight held as fresh protest flares over Shell pipeline
PROTESTS aimed at stopping the planned Corrib gas pipeline in Co Mayo scaled new and daring heights yesterday.
BP’s troubles in Russia show Big Oil’s clout fading
Gone are the days when BP manhandled reserves out of foreign countries, as it did in Iran the early years of the last century. Once the lion of British enterprise, Russia has brushed it aside like a kitten.
Former Shell president is the man with a plan
Everyone these days, from T. Boone Pickens to me, seems to have an energy plan, and Hofmeister is no different. His, though, has executive suite cred. He doesn't have an interest in any particular fuel source, as Pickens does, and, as he's quick to point out, he's not running for office.
Shell says still talking on Iraq oil service deal
LONDON, Aug 21 (Reuters) - Royal Dutch Shell Plc said it was still in talks with Iraq about a short-term service contract to help boost oil production, despite a U.S. diplomat in Baghdad suggesting such deals may be dropped.
Political rifts slow recovery of Iraqi oil
Anadarko, the US independent, has walked away from the short-term deals on offer, citing unfavourable terms. Others, including BP and Royal Dutch Shell, say talks are continuing.
Odds narrow on BP chairman
Rio Tinto chairman Paul Skinner has stretched into the lead as a rumoured candidate for the BP chairman's job, as the head hunters narrow their lists before the 2009 handover by Peter Sutherland .
Oil Companies Take a Punt on Offshore Ireland
The only commercial discovery made in the area is the Corrib gas field, found in 1996 and expected to come onstream in 2009 after being beset by delays.
Gazprom, the Russian gas company, is six times bigger than Royal Dutch Shell
Long-term, the price of oil will stay over $100 a barrel, he said, because of Vladimir Putin. The Russian prime minister understands better than anyone the connection between energy and political power.
Cnooc’s Profit Growth to Surpass Exxon, Shell on Output, Prices
Aug. 21 (Bloomberg) -- Cnooc Ltd.'s first-half profit growth may be double that of Exxon Mobil Corp. and Royal Dutch Shell Plc after China's third-largest oil company increased its crude reserves and output amid record prices.
Gas-liquids get visibility in global energy markets
With the technology and know-how of companies like Exxon Mobil Corp. and Royal Dutch Shell PLC, Qatar and other traditional oil producers are using their gas reserves to industrialize and gain another revenue source.
Worsening security makes restarting Nigerian oil wells risky
Just before the Saudi meeting, a group calling itself the Movement for the Emancipation of the Niger Delta (MEND) attacked a Royal Dutch Shell floating production and storage vessel 65 miles off the Nigerian coast and knocked 200,000 barrels a day offline for five days. That episode brought the total disruption in Nigerian production in June close to a million barrels a day, which analysts say is a big reason crude prices climbed above $145 a barrel.
U.K. Takes Softer Tack In Dealing With Russia
The U.K. has its own diplomatic problems with Russia. U.K. oil company BP PLC is fighting with its Russian joint-venture partner.
BG opens new front in Origin fight
BP has been looking at Origin's data, and Royal Dutch Shell and Chevron have been named as possible partners.
Virgin set to sever ties with Nigerian venture
Virgin Atlantic's criticism echoes accusations made by other companies, including Royal Dutch Shell, which also accuse the new government of tearing up contracts signed under the previous administration.
Origin Energy on the defensive as BG Group turns up heat over bid
Origin, which is believed to have the interest of companies including BP and Royal Dutch Shell for development of an LNG plant, says it is expecting to announce the results of the talks next month, along with an independent report on asset values.
Shell says it wont drill in Headwaters this fall
Shell has decided to suspend its planned exploration of coalbed methane in the Klappan this fall to keep communication lines open with interested parties in the area.
Protesters call for Shell to pay La. $362 million
The $362 million bill was based on a search of state records that indicated Shell has dredged 22,000 acres of wetlands for placement or maintenance of pipeline canals and other oil and gas production facilities since 1983. Such dredging has contributed to erosion of the coast, leaving the region more vulnerable to hurricanes.
Shell gets Canadian approval for Duvernay purchase
Royal Dutch Shell plc said on Tuesday the Canadian government had approved its planned C$5.9 billion ($5.6 billion) acquisition of unconventional gas producer Duvernay Oil Corp