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Posts on ‘May 1st, 2012’

China posed for more investment in shale?

BEIJING, May 1 (UPI) — China invested $222 million in its shale gas sector last year, a government official said.

Yet China’s investment in shale gas exploration and development is “very small” in proportion to the country’s overall oil and natural gas exploration and development, which totaled more than $9.5 billion last year, Wang Min, vice minister of China’s Ministry of Land and Resources said in a ministry report.

“Further measures and investment are needed [for shale gas],” he 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.

Shell’s stance on wind power reveals a profound truth of capitalism

Shell’s stance on wind power reveals a profound truth of capitalism

When pushed to choose between profit and survival, the oil giant chooses profit – irrespective of collective consequence

: Tuesday 1 May 2012 15.52 BST

They couldn’t “make the numbers work”. There’s something so blithe – and enormously telling – about the excuse offered by the oil company Shell to explain why they were not investing in wind power in Britain.

Presented with an accounting fact – that, on Shell’s terms, wind power is deemed insufficiently profitable – observers are expected to automatically understand their logic, nod in agreement and move on. 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.

Greenpeace Says Activists Occupy Shell Icebreaker in Finland

Greenpeace Says Activists Occupy Shell Icebreaker in Finland

By Kari Lundgren – May 1, 2012 1:17 PM GMT+0100

Greenpeace activists occupied a Royal Dutch Shell Plc (RDSA) icebreaker in Finland, protesting the company’s plans to drill for oil off Alaska.

Twenty activists boarded the Nordica icebreaker this morning and have locked themselves on to the vessel in a bid to prevent it from traveling to Alaska, where drilling is poised to start, the environmental organization said today in a statement.

Shell and the U.S. Interior Department say they’ve taken steps to ensure drilling in the waters off Alaska will be safe and any spills promptly contained. The oil producer, which has spent about $4 billion on Arctic leases, equipment and research since 2005, said its plans are the best in the industry. 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 and Royal Dutch Shell now $100 billion apart

BP Struggles to Plug Valuation Gap

May 1, 2012

By ANDREW PEAPLE

BP BP -0.88% and Royal Dutch Shell RDSA.LN +1.14% had similar market values just over two years ago: Now they are $100 billion apart. That difference first opened up thanks to uncertainty over BP’s final legal cost from the Gulf of Mexico oil spill in April 2010. But the two oil majors’ underlying performance is also diverging: BP’s first-quarter net income fell 12.8% year-on-year, while Shell’s was up 16%. That is making it harder for BP to close the valuation gap. 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 disagrees with Amnesty International on Bodo oil spill

Shell disagrees with Amnesty International on Bodo oil spill

By Emeka Ugwuanyi

1 May 2012

Shell Petroleum Development Company Limited (SPDC) has condemned the report by Amnesty International on discrepancy in figures on oil spills in Bodo community of the Niger Delta region by Shell.

The Director of Global Issues at Amnesty International, Audrey Gaughran and the Co-ordinator, Centre for Environment, Human Rights and Development (CEHRD), Patrick Naagbanton, in the report, said new evidence obtained by Amnesty International and CEHRD about the 2008 Bodo oil spill, showed that more than half of the oil spilt in the Niger Delta in 2008, was due to operational failures – and possibly as much as 80 per cent, and not as a result of sabotage. 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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