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Posts on ‘April 8th, 2010’

Shell: Awarded 2 Oil Exploration Licenses in Tunisia

THE WALL STREET JOURNAL

APRIL 8, 2010

LONDON (Dow Jones)–Royal Dutch Shell PLC (RDSB.LN) has been awarded two offshore oil and gas exploration licenses in Tunisia, a spokesman said Thursday.

The Raf Raf and Azmour licenses are in the northeast area of Tunisian waters and are valid for two years, with the option to extend for another year, the spokesman said.

Shell doesn’t have significant oil and gas exploration or production presence in Tunisia currently, but operates a retail business in the country.

Company Web site: http://www.shell.com 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.

New gas route ‘irresponsible’, Shell warned

This is consultation understood only as a conversation where they (Shell) speak and we, the affected community, listen. This is not dialogue. Instead of dialogue we have been met by force and imposition, which has taken a dreadful toll on our community.”

Wednesday, April 07, 2010
BY MARIAN HARRISON

SHELL’S plans to route the gas pipeline through Sruwaddacon Bay is as “irresponsible” as its previous route selection, according to community group Pobal Chill Chomáin.

The multinational’s own consultants, RPS, rejected the notion of piping the gas through the bay two years ago on environmental grounds as it would adversely affect areas covered by the EU habitats directive but plans are now being drawn up to locate the controversial, high-pressure pipeline in the bay.

The latest proposal will mean that the pipeline will be even closer to Dooncarton Hill, the scene of devastating landslides in 2003. 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.

Essar to consider Shell refinery buy in May or June

Reuters UK

Thu Apr 8, 2010 8:16am BST

MUMBAI, April 8 (Reuters) – Indian conglomerate Essar Group will consider buying European oil refineries from Royal Dutch Shell (RDSa.L) in May or June, a top official said on Thursday.

Prashant Ruia, chief executive officer of Essar Group, said the company would consider the acquisition after a planned listing in London of Essar Energy to raise about $2.5 billion.

(Reporting by Pratish Narayanan and Sumeet Chatterjee; Editing by Surojit Gupta)

REUTERS ARTICLE
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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.

Essar Energy Plans to Raise $2.5 Billion in Offer of 25% Stake

BusinessWeek Logo

By Rakteem Katakey

April 8 (Bloomberg) — India’s Essar Group, seeking to buy three refineries from Royal Dutch Shell Plc, said it may raise $2.5 billion by selling shares in the U.K. and elsewhere.

Essar Energy Ltd., a holding company for the group’s energy businesses, plans to offer a 20 to 25 percent stake to institutional investors, the company said in an e-mailed statement today. The proceeds will be spent on the group’s power, refinery and oil and gas exploration projects.

Essar, owned by billionaires Shashi and Ravi Ruia, is raising funds as it seeks to acquire refineries, steel plants and coal and iron-ore mines across the world to compete with rivals. Indian companies including Reliance Industries Ltd. and Bharti Airtel Ltd. have sought assets overseas to take advantage of cheaper valuations after the worst global financial crisis in 70 years. 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.

Obama’s offshore oil drilling plan spurs push for billions in royalties

At issue is a hotly contested law that, as read by the court, has allowed companies to avoid paying royalties on oil drilled in the Gulf of Mexico. Critics, including Representative Edward J. Markey of Malden — who plans to introduce legislation next week — now seek to force companies such as ExxonMobil and Shell to begin paying on those existing leases as a condition of obtaining new ones.

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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