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Posts on ‘August 13th, 2010’

BP agrees to $50.6 million fine for safety violations in Texas City explosion

The Washington Post

By Sam Hananel Friday, August 13, 2010

Oil giant BP has agreed to pay a record $50.6 million fine for safety violations at a Texas oil refinery where a 2005 explosion killed 15 workers.

Although the fine pales in comparison with the billions of dollars BP has committed to pay for damages caused by the oil spill at its well in the Gulf of Mexico, it is the largest penalty in the history of the federal Occupational Safety and Health Administration.

Under the agreement, BP will also invest $500 million between now and 2016 to upgrade safety conditions for workers at the refinery in Texas City, about 40 miles southeast of Houston. 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.

Corrib Gas Project: very nervous about being specific on paper about landfall or pipeline routes

Another leaked internal email from the Corrib Gas Project supplied by the “Celtic Tiger 5” group of dissident Shell employees. Ancient but revealing.

From: McGoldrick John
Sent: 07 January 2000 16:39
To: Adlam, John; Easey John; Simpson Mike; Steen Rosemary
Subject: RE: Corrib – Design Basis for Commerciality Review


Seems to be a problem with table 3.4  low reserves case is higher than base. I’m also very nervous about being specific on paper about landfall or pipeline routes ( see 7.4.1.) Can we avoid this? I work on the assumption that whatever is distributed will become public ( at the very least BGE will get a copy).-  Rapellez  “Dublin est un village” 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 Debt Risk Falls After Company Agrees $5 Billion Loan

San Francisco Chronicle

Friday, August 13, 2010

Aug. 13 (Bloomberg) — Credit-default swaps linked to Royal Dutch Shell Plc fell to the lowest in two weeks after Europe’s largest oil company said it obtained $5.1 billion of credit lines to refinance debt.

Contracts on Shell fell 2 basis points to 76.3, the lowest since July 29 and the first decline since Aug. 9, according to data provider CMA. Swaps are used to speculate on a company’s ability to repay debt and fall when perceptions of credit quality improve. 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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