Jul 30th, 2010
by John Donovan.

By Andrew Johnson: Friday July 30, 2010
ROYAL Dutch Shell yesterday expressed confidence in its safety standards in the wake of BPs Gulf of Mexico oil spill as it unveiled a near doubling in profits to $4.5billion (£2.9billion) for the second quarter to June.
Chief executive Peter Voser (right) said the disaster was a tragedy that would have far-reaching implications for the whole industry.
Stricter rules are expected to drive up costs. However, he said Shell already complied with or exceeded most of the changes to safety regulations now being proposed, before adding: At the end of the day, you will not be in a position to say it will never happen, because accidents do happen.
Shell took a $56million hit from the deep water drilling ban imposed by the US government after the spill, which is expected to cost three million barrels of oil this year in production. Voser did not rule out trying to reclaim the money from BP. read more
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Jul 30th, 2010
by John Donovan.
Tuesday, July 27, 2010
Western People
EDITORIAL: Latest Corrib delay exposes monumental folly of Bellanaboy plan
It is almost ten years since plans were unveiled for a gas processing facility at Bellanaboy in North Mayo. When permission was initially sought from Mayo Co Council for the gas terminal, the promoters of the Corrib project confidently predicted that gas would flow by late 2003. Last week’s revelations confirm that Corrib is now a decade behind its initial schedule and millions of euro over budget. read more
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Jul 30th, 2010
by John Donovan.
Potentially adding its name to the line of claimants, Royal Dutch Shell Plc (RDSa.L) idled seven rigs and took a $56 million charge related to the drilling ban on Thursday. Saying the ban would reduce its production by almost 3 million barrels this year, the company did not rule out reclaiming the cash from BP. Shell, one of the biggest oil producers in the Gulf of Mexico, said it had idled rigs rather than move them elsewhere because the ban's six-month duration meant it was not profitable to redeploy them to other areas.
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Jul 30th, 2010
by John Donovan.
Shell is among companies that have said theyre still considering whether to continue their investments, he said. New sanctions adopted this month by the European Union probably will accelerate Shells decision, he said.
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Jul 30th, 2010
by John Donovan.
Telegraph.co.uk
Royal Dutch Shell has defended the safety record of deepwater drilling, as cost-cutting helped it to make $4.4bn of profits in the last quarter.
By Rowena Mason
Published: 6:30AM BST 30 Jul 2010
The oil giant slashed its spending by $3.5bn over the last 18 months by shedding 7,000 staff and making operational savings. It saw a 15pc increase in profits on a cost of supply basis stripping out inventory changes and 49pc rise in pre-tax profits to $8.7bn.
Peter Voser, the chief executive, insisted that safety budgets and asset integrity had been ring-fenced from the cuts. US politicians have blamed cost-cutting for contributing to the Deepwater Horizon explosion and oil leak an allegation that BP denies. read more
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Jul 30th, 2010
by John Donovan.
NEW ORLEANS BP gas station owners across the country are divided over whether the oil giant stained by its handling of the Gulf spill should rebrand U.S. outlets as Amoco or another name as part of its effort to repair the company's badly damaged reputation.
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Jul 30th, 2010
by John Donovan.