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Posts on ‘October 13th, 2011’

Gov. Rick Perry, Shell and Motiva Enterprises

Texas grant recipients gave to Republican Gov. Perry

By Jim Forsyth
SAN ANTONIO, Texas | Thu Oct 13, 2011 6:00am BST

Oct 13 (Reuters) – Businesses that won grants from a Texas economic development fund contributed $7 million to Governor Rick Perry and the Republican Governors Association, which supports him, a report by a watchdog group said on Thursday.

Many companies that received Enterprise Fund funding did not meet their job goals, the watchdog group said.

Motiva Enterprises, a joint venture of Royal Dutch Shell’s (RDSa.L) U.S. unit and Saudi Refining Inc., received $2 million from the Enterprise Fund in 2006, promising to create 300 refinery jobs in the Houston area by the end of 2010. 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.

CNPC, Shell refinery JV in deal with local govt

Thu Oct 13, 2011 12:47am EDT

* Planned JV won initial approval, pending final green light

* Latest pact shows sincere intention to cooperate

* Shell likely to lead in the Shell-Qatar side

* Imported condensate eyed as feedstock for petchem

BEIJING, Oct 13 (Reuters) – A proposed refinery, a petrochemical joint venture between China’s CNPC, Royal Dutch Shell Plc and Qatar, this week signed a framework deal with local authorities in eastern China’s Zhejiang province where the mega project will be built. 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.

BP unveils North Sea investment programme

13 October 2011

BP has been given the go ahead to proceed with a new £4.5bn oil project west of the Shetland Islands.

The BP-operated scheme is an extension of the existing Clair oil field, and will also include investment by fellow oil firms Shell, ConocoPhillips and Chevron.

David Cameron said the news was a “massive boost for jobs and growth”.

BP said it and its partners were now investing almost £10bn in North Sea oil and gas work over the next five years.

‘Maintaining production’ 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.

Is fracking set to transform the oil market?

COLUMN-Is fracking set to transform the oil market? John Kemp

(John Kemp is a Reuters market analyst. The views expressed are his own)

By John Kemp

Oct 12 (Reuters) – Hydraulic fracturing and horizontal drilling revolutionised the natural gas market, unlocking huge quantities of previous unrecoverable reserves trapped in tight rock formations.

The question is whether they are about to do the same for oil — unlocking billions of barrels of crude trapped in similar rock forms, and thereby upending forecasts about increasing oil scarcity and steeply rising prices.

WHY MALTHUS WAS WRONG

In the short term, prices for commodities are determined by the usual forces of supply and demand. In the medium and long term, however, technology is the main determinant of price and availability. 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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