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Posts on ‘June 4th, 2010’

Hundreds of jobs to be lost as Shell decides to close its Montreal refinery

From The Canadian Press, June 04, 2010

MONTREAL – Hundreds of employees are about to lose their jobs after Shell Canada decided to close its Montreal refinery.

The Calgary-based petroleum giant says it will convert the operations in eastern Montreal to a distribution terminal after rejecting two “expressions of interest” submitted before its Tuesday deadline.

Shell didn’t immediately say when the conversion will take place.

The decision is a blow to 500 employees and an estimated 2,500 indirect jobs. Once it closes, about 30 jobs will remain at the terminal that will distribute Shell products. 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.

Shell rejects bids, will close Montreal refinery

REUTERS

Jeffrey Jones CALGARY Fri Jun 4, 2010 1:33pm EDT

Alberta (Reuters) – Royal Dutch Shell Plc (RDSa.L) will proceed with plans to close its Montreal refinery and convert it to a fuel terminal after deeming two expressions of interest in buying the plant too cheap, it said on Friday.

Shell expects to start shutting the 76-year-old refinery’s major processing units in September. The closure will affect about 500 jobs and leave Quebec with two refineries.

The company had announced plans to shut the 130,000 barrel a day plant in January, but at the request of the Quebec government gave potential suitors more time to make proposals. 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.

Shell Names Pickard Australia Chair as Caplan Retires

BusinessWeek Logo

By Ben Sharples

June 4 (Bloomberg) — Royal Dutch Shell Plc, Europe’s largest oil company by market value, said Ann Pickard will succeed Russell Caplan as chairman of its Australian operations on Aug. 1.

Caplan, 64, who has been chairman since Feb. 1, 2006, is retiring after 42 years with Shell, the Hague-based company said in an e-mailed statement today. Pickard will also continue to be executive vice president for oil and gas exploration and production in the country, Shell said.

Shell Australia’s business includes two refineries, the Prelude floating liquefied natural gas project, a stake in the Chevron Corp.-led Gorgon LNG venture, and a proposed coal-seam gas to LNG plant in Queensland state. Perth-based Pickard, 54, took up her Australian role in March following her role as Shell’s regional executive vice president for Africa. 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.

Who could gobble up a hobbled BP?

MarketWatch

Oil giant has valuable assets, but unknown liabilities and history of mishaps

By Steve Goldstein, MarketWatch June 3, 2010, 3:26 p.m. EDT

LONDON (MarketWatch) — For sale (maybe) — oil giant with world-class assets, unquantified liabilities and a reputation for major mishaps.

That’s what BP /quotes/comstock/13*!bp/quotes/nls/bp (BP 39.38, +0.11, +0.28%) /quotes/comstock/23s!a:bp. (UK:BP. 432.25, +2.50, +0.58%) brings to the table as a merger target. The company, still worth about $120 billion, has been battered by fallout from the catastrophic oil spill in the Gulf of Mexico and analysts have started to speculate that the damage from the spill could end up making it impossible for BP to continue as a standalone company. 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.

Inside Shell’s Iran Game

Forbes: Inside Shell’s Iran Game

June 3, 2010 – 4:58 pm Mark DubowitzBio | Email Mark Dubowitz is Executive Director of the Foundation for Defense of Democracies, and leads the Foundation’s Iran Energy Project  

Royal Dutch Shell resumed its gasoline shipments to Iran, International Oil Daily reported this morning.  The company got back into business with the Iranian regime after a six-month hiatus. The move is a slap at the U.S. Congress, which has been working to develop energy sanctions that could curtail the regime’s nuclear weapons program, human rights abuses, and support for terrorism.

According to International Oil Daily, Shell delivered three 30,000-ton shipments of gasoline last month to Iran’s Bandar Abbas port. The company’s last known shipment to Iran was recorded in October 2009. 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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