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September, 2008:

FitzGerald turns to spookery

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FitzGerald turns to spookery

By Emiliya Mychasuk and Emiko Terazono

Published: September 23 2008 03:00 | Last updated: September 23 2008 03:00

Tentacles of the spy group Hakluyt have spread as Thomson Reuters co-deputy chairman Niall FitzGerald takes over as chairman from Sir William “Willie” Purves , the former HSBC chairman who steps aside after nine years.

The Mayfair-based company, with a former Gurkha acting as sentinel on the door, has built its “focused business intelligence” under Sir William and chief Keith Craig , a former MI6 man who joined in 2000. It was founded in 1995 by two former MI6 officers, loftily naming it after the Welsh author and explorer. They have since departed. read more

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Oil price jumps $25 in a day

Crude oil prices jumped $25 a barrel on Monday – the largest one-day rise – as financial investors betting on falling oil prices were forced to cover their positions ahead of the expiry of the current benchmark futures contract.

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Shell Sets Up First Iraq Office Since the 1970’s

“We are ready to establish a presence,” the official, Linda Cook, executive director of the company’s gas and power unit and a member of the board, said during a news conference in Baghdad’s heavily guarded Green Zone in response to a question

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Nigerian Oil Threat

On Friday, Royal Dutch Shell acknowledged that an "upsurge" of attacks had taken place and that earnings would take a hit as a result.

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Iraq signs gas deal with Shell

BAGHDAD, Sept 22 (Reuters) - Iraq signed a multi-billion dollar natural gas deal with Royal Dutch Shell on Monday, the second major energy deal agreed with a foreign firm since the U.S.-led invasion in 2003.

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Statement by Royal Dutch Shell Plc: Iraq and Shell sign agreement on south Iraq gas

Speaking at the signing ceremony in Baghdad, Linda Cook, Executive Director for Royal Dutch Shell, said today: "Shell is an industry leader in the global natural gas sector. Iraq has one of the world's largest natural gas resource bases and I am delighted that the Iraqi Government including the Ministry of Oil have supported Shell as the partner for joint venture with the South Gas Company.

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Exxon’s Cash Hoard Fuels Biggest Stock-Price Drop in 27 Years

While Royal Dutch Shell Plc,BP Plc and ConocoPhillips boost spending to acquire reserves, Irving, Texas-based Exxon Mobil is shelling out more money to buy back stock than for drill bits, pipelines and related investments in its operations, said William Andrewsof C.S. McKee & Co.

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Nigerian militants halt attacks

Nigerian militants on Sunday called a halt to a week-long campaign of attacks against oil facilities, raising hopes of a reprieve for energy companies battered by the most intense phase of sabotage since early 2006

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The Times: Natural Resources: Monday September 22, 2008

Royal Dutch Shell Kazakhstan said that KazMunaiGas, the state oil company, would create a joint venture with Royal Dutch Shell, the Anglo-Dutch oil and gas group, to handle the production segment of the Kashagan oilfield.

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Shell assures communities of participation on projects

The Shell Petroleum Development Company (SPDC) has expressed its readiness to continue to encourage the full participation of host communities in project identification, planning, execution, maintenance and monitoring in its program of Sustainable Community Development (SCD).

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Iraq, Royal Dutch Shell to ink gas deal

BAGHDAD (AP) — Iraq and Royal Dutch Shell PLC on Monday will formally launch plans to invest in a joint venture to tap natural gas in southern Iraq, a government spokesman said.

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THIS IS A REPLY TO THE POSTING BY “MUSAINT” ON LIVE CHAT: CHANGES TO THIS WEBSITE

By John Donovan

MUSAINT, in answer to your comment, we have modified the new Live Chat format so that it is easier to read.  Visitors are now able to leave much longer comments so there should be no need for multipart Live Chat postings.  I transferred a small selection of  recent postings from the former Live Chat box. 

We are being forced to try various changes to the site, some seen and some unseen, to combat persistent cyber attacks, some of which have put the site out of action as many visitors will have noticed.  read more

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A plea for calm on the unquiet sea

When a ship arrived last month to begin laying pipes that would bring gas from the Corrib field onshore at Mayo, protesters took to their kayaks and Maura Harrington declared she would starve herself to death if it didn't leave.

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Niger Delta Rebels Say They Hit Another Pipeline in ‘Oil War

DAKAR, Senegal — Militants in the Niger Delta region of Nigeria said Saturday that they had hit another oil pipeline, continuing a streak of attacks that have badly damaged the country’s largest oil producer, Royal Dutch Shell.

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Hunger strike hero celebrates victory over Shell pipeline

During protests last weekend in solidarity with Harrington's fast, the Irish government deployed the navy to the area to protect the Solitaire.

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Mining and oil face world tax exposure

Giant oil and mining firms could be forced to reveal the precise amounts of tax they pay in each country in which they operate. The move has been heralded as a major breakthrough that could end a widespread culture of corporate secrecy and alleged corruption.

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Shell declares force majeure on Nigeria oil exports

 

Shell declares force majeure on Nigeria oil exports

Sat 20 Sep 2008, 8:47 GMT LAGOS (Reuters) – Royal Dutch Shell said on Saturday it had declared a second force majeure on crude oil shipments from Nigeria following militant attacks in recent days on its facilities in the Niger Delta.

Shell last week extended a force majeure, which frees it from contractual obligations, on Bonny oil exports from Nigeria following a militant attack in late July.

It said it had declared the second force majeure on Bonny Light shipments on Friday, following further attacks by militants this week.

http://africa.reuters.com/wire/news/usnBAN035201.html
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Nigerian militants say Shell pipeline wrecked

Nigerian militants say Shell pipeline wrecked

Sat 20 Sep 2008, 6:31 GMT By Nick Tattersall

LAGOS (Reuters) – The main militant group in Nigeria’s oil-producing Niger Delta said on Saturday it had destroyed a major oil pipeline belonging to Royal Dutch Shell, the latest strike in its campaign against the industry.

The Movement for the Emancipation of the Niger Delta (MEND) said it had attacked the pipeline at Buguma Front in Rivers state late on Friday. It was not immediately possible to confirm the attack.

“MEND will continue to nibble every day at the oil infrastructure in Nigeria until the oil exports reach zero,” the group said in an e-mailed statement. read more

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Shell Warns Attacks Will Curb Its Profit

MEND has made six attacks against Shell-operated oil and natural-gas facilities since this past Sunday in the Niger Delta, the country's main oil-producing region.

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Brockovich urges Shell to reroute gas pipeline in Ireland

Erin Brockovich, the campaigner who was immortalised in an Oscar-winning film, today urged oil giant Shell to reroute a controversial gas pipeline in the west of Ireland.

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Chris Osborne: water and fuel. . . who will arbitrate in scramble for resources?

Isn't the professed devotion of Shell and BP today to renewables mere greenwash, though? “Greenwash is a pejorative term. I'm not sure that's warranted. These are companies like any other companies and they exist to make money.”

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Shell poised to sign deal with Kazakhstan on oil joint venture

Royal Dutch Shell was on the verge of sealing a deal with Kazakhstan yesterday that could lead to taking joint control of one of the world's biggest oilfields.

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Shell to Sea protestor ends hunger strike

Ms. Harrington had been refusing to eat in protest at the presence of the Solitaire ship in Broadhaven Bay to lay pipes for the Corrib gas line and called off her action after receiving written confirmation that the vessel has left Irish territorial waters.

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Shell plans Russian oil exploration project-source

SOCHI, Russia, Sept 19 (Reuters) - Royal Dutch Shell plans a new exploration project in Russia and is considering three oil fields in Kalmykia in the Urals as possible sites, a source familiar with the plans said on Friday.

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MAURA HARRINGTON ENDS HUNGER STRIKE AS SOLITAIRE LEAVES IRISH WATERS

Shell to Sea salutes the courage and tenacity of Maura Harrington throughout her hunger strike, and we wish her a speedy recovery for her ordeal in the company of her family. Her action has resonated around Ireland and the world, and has shone a light of publicity upon the situation in Erris, publicity which Shell and the Government of Ireland have tried with all their power to deny us.

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Mayo groups call for Corrib gas talks

Labour Party president Michael D Higgins has also called on the Government to "take seriously the genuine desire of many" to "bring peace to north Mayo".

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Kazakhstan to tie up with Shell for Kashagan oil

ALMATY, Sept 19 (Reuters) - Kazakhstan said on Friday state oil company KazMunaiGas would create a joint venture with Royal Dutch Shell Plc to handle the production segment of the Kashagan oilfield.

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Shell says Nigeria violence to hit earnings

A spokesman for the Hague-based company said the attacks on oil facilities would have an impact but declined to put figures on production outages or the extent to which quarterly earnings may suffer.

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Nigeria militants turn against each other in delta

Militants have mostly focused its attacks on Shell-operated installations, sabotaging their pipelines, gas plants and flow stations.

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Shell Says Nigeria Militant Attacks to Hurt Earnings

Sept. 19 (Bloomberg) -- Royal Dutch Shell Plc, Europe's biggest oil company, said an escalation of militant attacks against its oil and gas facilities in Nigeria will hurt earnings.

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Oil-Industry Competition Could Shrink

The Wall Street credit crisis and a drop in energy prices from their recent highs are setting the stage for a wave of oil-industry consolidation.

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Lawmakers Assail Interior Over Scandal

Rep. Henry Waxman, a California Democrat who is chairman of the House Committee on Oversight and Government Reform, said his panel is investigating the role of Chevron Corp.,Royal Dutch Shell PLC, Hess Corp. and Gary-Williams Energy Corp. "in giving improper gifts to one-third of MMS officials in the Denver office."

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Oil duties cut

The problems faced by western groups such as Royal Dutch Shell and BP, which have faced official campaigns that have disrupted their operations and forced them to accept worse terms for projects, are also a deterrent to new investment from outside Russia.

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Shell and Motiva Contribute $4M to Recovery Efforts in the Gulf Coast

HOUSTON, Sept. 18 /PRNewswire/ -- Recognizing the need for long-term recovery assistance along the Gulf Coast following Hurricanes Gustav and Ike, Shell Oil Company and Motiva Enterprises LLC have committed $4 million to support disaster relief efforts. Shell and Motiva have also provided fuel to emergency response organizations across the affected areas and are actively supporting recovery efforts with volunteers.

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Nigerian militants claim another bombing

The Movement for the Emancipation of the Niger Delta said in a statement that it used high explosives to destroy the conduit run by a unit of Royal Dutch Shell PLC.

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Nigerian militants attack another Shell pipeline

ABUJA, Sept 18 (Reuters) - Nigerian militants said on Thursday they had attacked another Royal Dutch Shell-operated crude oil pipeline as part of their "oil war" against the oil sector and military.

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Nigerian militants say Shell pipeline destroyed

The most prominent militant group in southern Nigeria -- the Movement for the Emancipation of the Niger Delta (MEND) -- said Thursday it had destroyed a major oil pipeline belonging to Royal Dutch Shell.

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US House hearing looks into gov’t oil-sex scandal

The oil companies named in the report were Chevron, Shell Oil, Hess Corp and Gary Williams Energy Corp.

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Shell to move ship for repairs


Solitaire to be repaired in UK

Solitaire to be repaired in UK

Shell to move ship for repairs

Shell Ireland has announced that the ship which was intended be used in laying the controversial Corrib gas offshore pipeline is to be moved from Killybegs in Donegal to a port in the UK for repair work.

Equipment on board the Solitaire was accidently damaged off the Mayo coast last Wednesday, an hour before it was due to begin laying the first section of the pipeline.

It is now on its way to a deep water berth in Glasgow.

Separately, a special diving support vessel will be in Broadhaven Bay tomorrow to assist in the salvage of a 12m long 80-tonne section of Solitaire’s equipment. read more

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Shell ship to be moved from Irish waters

Belfast Telegraph

Shell ship to be moved from Irish waters

Thursday, 18 September 2008

A ship that’s the focus of a hunger strike by a Shell to Sea campaigner is to be moved from Irish waters, it was confirmed this afternoon.

Shell confirmed that the Solitaire would leave for the UK this evening.

The vessel was brought in to lay pipes for the Corrib gas project off Co Mayo, but moved to Killybegs in Donegal after being damaged.

‘Shell to Sea’ protester Maura Harrington has been on hunger strike for ten days, calling for the ship to be moved from Irish waters. read more

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A Run on Russia

Investors woke up to the systemic risk to property rights and the lack of any rule of law in Russia. They did so belatedly, we'd add, considering the attempted or successful expropriation of Yukos, BP and Shell assets and the blatant use of state resources to menace private business.

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Crude Oil Drops as Credit Market Turmoil May Slow Fuel Demand

Bloomberg

 

 

Crude Oil Drops as Credit Market Turmoil May Slow Fuel Demand 

By Christian Schmollinger

Sept. 18 (Bloomberg) — Crude oil declined in New York, paring yesterday’s $6-a-barrel jump, on concern the fallout from the global credit crunch may lead to an economic slowdown, limiting fuel demand.

U.S. fuel demand the past four weeks was down 4.4 percent from a year earlier, the Energy Department said yesterday. Asian stock markets tumbled to their lowest in three years as investors were unconvinced an $85 billion bailout of American Insurance Group Inc. would ease the financial crisis and speculation that more banking firms might collapse. read more

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Nigerian militants threaten attack

Nigerian militants threatened on Wednesday to attack deepwater oil vessels belonging to Royal Dutch Shell and Chevron, raising fears that this week’s upsurge in fighting in the Niger Delta could put multi-billion dollar investments at risk.

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New Attacks on Pipelines in Delta of Nigeria

LAGOS, Nigeria — Fighting between militant groups and the Nigerian military in the oil-rich Niger Delta on Wednesday entered a fifth day in the region’s worst violence in two years, raising fears of an escalation in the unrest that has plagued the area.

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Shell says Norco, Louisiana, refinery near normal

NEW YORK, Sept 17 (Reuters) - Shell Oil said on Wednesday its 220,000 barrel per day joint-venture Motiva oil refinery in Norco, Louisiana, would reach normal rates by the end of the day.

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Environment: Tar sands – the new toxic investment

Shell and BP have been warned by investors that their involvement in unconventional energy production such as Canada's oil sands could turn out to be the industry's equivalent of the sub-prime lending that poisoned the banking sector and triggered the current financial crisis.

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The Green Rush: Full transcript of interview with Jeroen van der Veer

I'm always amazed that people think that oil companies they are just for the money and greedy and like to do a lousy job

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The Green Rush: Shell chief on greedy oil majors, consumers and gas flaring

Mr van der Veer says Shell is committed to ending the practice of gas flaring, the process of burning the gas released when oil is found, in its Nigerian operations.

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Shell: Capline generally at scheduled rates after Ike

HOUSTON, Sept 17 (Reuters) - Shell Oil Co said the 1.1-million-barrel capacity Capline pipline from the Gulf Coast to Illinois was generally running at scheduled rates on Wednesday following Hurricane Ike.

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Politicians sign statement asking Shell to help end hunger striker’s campaign

A number of politicians have signed a statement calling for Shell to put an end to a hunger strike being staged by campaigner Maura Harrington.

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