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Posts on ‘February 18th, 2011’

Carson residents frustrated at Shell Oil over toxic soil

6:48 a.m. | Molly Peterson | KPCC MP3 Download

Carson’s Carousel residents frustrated at Regional Water Board, Shell Oil over toxic soil

Molly Peterson/KPCC: Residents of Carson’s Carousel neighborhood voiced anger and frustration at a public meeting Thursday, where water regulators said they’re readying a cleanup order for soil contamination under their houses.

Officials at the regional water quality control board say they’re almost ready with a cleanup order for the Carousel neighborhood of Carson. Some residents of the Carousel neighborhood are greeting those plans with anger and criticism.

Environmental testing has revealed toxic soil contamination under hundreds of homes on land where Shell Oil once ran a tank farm. 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 receives offer for Stanlow refinery in the UK

As one Stanlow insider put it…

“John, Looks like we have been sold by the cowboys to the Indians.”

Shell receives offer for Stanlow refinery in the UK

18/02/2011

Shell today confirmed it has received an offer from Essar Energy to buy its 272,000 barrel-per-day Stanlow refinery and associated local marketing businesses in the UK for a total expected consideration of some $1.3 billion.

In light of Essar’s offer, the two companies today signed an exclusivity agreement until 1st April 2011, under which break fees would be payable if either company fails to sign an asset sales agreement.

Pursuing this deal is aligned with Shell’s strategy to concentrate its global manufacturing portfolio on larger and more sophisticated assets. 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.

Nigerian Oil Exploration at 10-Year Low Before Petroleum Law

By Elisha Bala-Gbogbo and Dulue Mbachu – Feb 17, 2011 11:00 PM GMT+0000

Oil exploration in Nigeria has slumped to the lowest in a decade after producers including Royal Dutch Shell Plc and Total SA backed away from investment until the country’s petroleum law is passed.

Just one exploration well was drilled in Nigeria in the past two years, the lowest since 1999, according to official figures released by the Petroleum Ministry. The number of wells peaked at 34 in 2002.

“Funds have not been available” for exploration, said Belema Osibodu, a spokeswoman for the Department of Petroleum Resources, in a telephone interview yesterday. 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.

Mauritius Suspends Shell Shares on Reports of Vitol-Helios Deal

By Kamlesh Bhuckory – Feb 18, 2011 5:31 AM GMT+0000

The Stock Exchange of Mauritius said it has suspended trading of Royal Dutch Shell Plc’s Mauritian unit’s shares, according to a statement published on the bourse’s website.

The suspension follows an article published in Le Mauricien newspaper Feb. 17 stating that Shell Mauritius Ltd. had reached a buy-out agreement with Vitol-Helios Investment, the Port-Louis based bourse explained.

Shell has been requested to publish a press release “to inform shareholders and the public in general of the status of any agreement currently being discussed by Shell and the outcome thereof, if any”, the Stock Exchange of Mauritius said. 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 Energy, Shell may sign U.K. refinery pact

Feb. 18, 2011, 2:08 a.m. EST

By Eric Yep

MUMBAI (MarketWatch) — India’s Essar Energy PLC (ESSR.LN) is likely to sign an initial agreement this week for a possible acquisition of Royal Dutch Shell PLC’s (RDSB.LN) Stanlow refinery in the U.K., a person with direct knowledge of the matter said Friday.

London-listed Essar Energy and Shell are in the final stages of discussions and will likely announce exclusive talks on the refinery sale this week, the person, who declined to be named, told Dow Jones Newswires. 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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