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Posts on ‘May 31st, 2012’

Motiva expansion cost ‘in range of’ $10 billion: Saudi Aramco CEO

Reuters: Motiva expansion cost “in range of” $10 billion: Saudi Aramco CEO

PORT ARTHUR, Texas | Thu May 31, 2012 2:37pm EDT

(Reuters) – Saudi Aramco SDABO.UL Chief Executive Khalid Al-Falih said the total cost of expanding the Motiva Enterprises MOTIV.UL Port Arthur, Texas, refinery to 600,000 barrels per day (bpd) was “in the range of” $10 billion, double its original estimate.

The Port Arthur refinery is the largest investment Saudi Aramco, which is a 50-50 partner with Royal Dutch Shell Plc (RDSa.L) in Motiva, has made outside the kingdom of Saudi Arabia, Al-Falih told reporters on Thursday. 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.

Petroleum Development Oman Takes Steps To Resolve Strike

May 30, 2012, 11:51 p.m. ET

LONDON (Dow Jones)–Royal Dutch Shell PLC (RDSA)-led Petroleum Development Oman is taking steps to reach a speedy resolution to an industrial dispute with contracting staff that began last week, the company said in a statement Wednesday.

“Operations at Qarn Alam have started to resume and further talks are taking place at Fahud,” the company said, adding that the strike had resulted in a small reduction in oil production.

The company is currently working closely with the government, Royal Oman Police, contractors and other authorities in an effort to resolve the dispute that has caused significant disruption to the workforce. 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.

Brazil Seeks $496 Million From Shell, Cosan, BASF

By Adriana Brasileiro – May 31, 2012 1:10 AM GMT+0100

Brazilian prosecutors asked a court to order Royal Dutch Shell Plc (RDSA) and Cosan SA Industria & Comercio’s joint venture Raizen and BASF SE (BAS) to pay 1 billion reais ($496 million) in compensation for workers who were allegedly sickened from work at a pesticide plant, according to a statement from the Labor Prosecutor’s office.

Prosecutors say the plant’s conditions caused severe health problems to workers employed at the facility in Paulinia, Brazil, from 1977 to 2002. The workers came into contact with substances such as aldrin, endrin and dieldrin, which can cause cancer and other diseases, according to the statement. 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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