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Posts on ‘June 20th, 2012’

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

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Tax is no deterrent for investors, says Shell boss

David Wroe: June 21, 2012

THE chief executive of Shell, Peter Voser, has applauded the Gillard government’s $23 carbon price, saying it should not deter investment in Australian resources projects and countries that failed to follow suit would fall behind.

Shell, the world’s second-largest energy firm, is investing more than $30 billion in Australia in the next five years. Mr Voser told the ABC’s 7.30 program last night the company already assumes a $40 carbon price when it judges whether or not a project will be profitable. read more

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Shell in the dock over major oil spills in Nigeria

By Ben Amunwa: 18 June 2012

Shell will appear in the High Court in London today to be held accountable for its oil spills in the Niger Delta region of Nigeria. Over 11,000 Nigerians from Bodo town in the Ogoni region of the Delta are suing Shell over the environmental damage caused by two devastating oil spills in 2008 and 2009. Shell has admitted liability but refuses to provide adequate compensation to the many thousands of victims of the spills. The court hearing will deal with matters of civil procedure. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

Shell in the USA

FROM A REGULAR CONTRIBUTOR

John,

I read your blog today and the article about how much Shell hopes to gain financially from any discoveries it makes in the offshore Arctic.

Market Report: $10bn if Shell cracks it with Arctic drilling

The estimate of $10 billion is way low, I believe. My guess is that Shell’s economic analysis and projections range anywhere from $100 billion to $500 billion, depending upon how recoverable oil and gas are actually discovered and the price per bbl for the oil. Estimates are that there are around 25 billion bbls of recoverable oil in US Arctic waters. And at a measly $10 per bbl after tax profit that equates to roughly $250 billion in profit. If oil prices stay high Shell could easily make $30 per bbl after tax profit. And then there is the natural gas. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

Kiobel v. Royal Dutch Petroleum Co: Harvard Law School Intervention

U.S. Supreme Court: Harvard Lawyers Reflect Spirit of American Revolution, says Dr. Goodluck Diigbo

MOSOP President and Spokesman, Dr. Goodluck Diigbo has welcomed the filing by the Harvard Law School’s International Human Rights Clinic of an amicus curiae brief with U.S. Supreme Court in the case, Kiobel v. Royal Dutch Petroleum Co. as a significant legal American enlightenment action.

Diigbo said: “This Harvard amicus curiae brief will remind all American citizens and the United States government of the very core values that led to the American Revolution, which provoked a series of social, political, and intellectual transformations that ultimately rejected colonial tactics in order to break free from the British Empire.” read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

Market Report: $10bn if Shell cracks it with Arctic drilling

Toby Green Wednesday 20 June 2012

Environmentalists may want to look away now. Royal Dutch Shell’s search for oil in the Arctic has not been short of controversy, coming under attack from, among others, Xena: Warrior Princess actor Lucy Lawless, who earlier in the year boarded one of the energy giant’s ships in protest against the drilling.

Yet yesterday came a reminder why Shell is pushing on with its quest — money, and rather a lot of it. Ten billion dollars (£6.4bn) in fact, according to the calculations of Nomura’s analysts, who think that is how much Shell could net from the region. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

Shell Faces Pushback As Alaska Drilling Nears

June 19, 2012

by

The federal government could soon give the final go-ahead for Royal Dutch Shell to begin drilling for oil in the Arctic Ocean. Shell has spent $4 billion since 2007 to prepare for this work, and is hoping to tap into vast new deposits of oil.

But the plan to drill exploratory wells is controversial — opposed by environmental groups and some indigenous people as well.

You can get a feel for this controversy by stepping aboard the Nanuq. Shell plunked down $100 million for this 300-foot-long, Arctic-class spill-response vessel. And unlike similar vessels that serve the oil industry in the Gulf of Mexico, there’s no foul-smelling black smoke coming out of the stacks. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com
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