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Posts on ‘September 24th, 2012’

Vince Cable Described As ‘Minister For Shell’ In Letter From Oil Giant

Vince Cable Described As ‘Minister For Shell’ In Letter From Oil Giant

A letter describing Vince Cable as the “contact minister for Shell” has raised fresh questions about the business secretary’s relationship with the oil giant. In the letter to Cable dated 19 March 2012, Malcolm Brinded, the then chief executive of Shell Upstream International, sets out how the company would like the coalition to harden its line against the European Fuel Quality Directive, a policy initiative aimed at reducing emissions from transport fuels. …

www.huffingtonpost.co.uk 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 Gets Federal Nod for Prep Work – Analyst Blog

Posted 9/24/2012 11:37 AM by Zacks Equity Research from Zacks.com

Global energy company, Royal Dutch Shell plc ( RDS.A ) has received the necessary approval from federal officials to perform limited site work in the Beaufort Sea, in order to set up its second drill site off Alaska’s northern coast.

Earlier, The Bureau of Safety and Environmental Enforcement had given its nod for similar activities in the neighboring Chukchi Sea to Shell.

However, Shell cannot move ahead with its drilling plans in the petroleum zones till the spill response barge is in place. Earlier this month, the company had postponed its Arctic drilling plans for a year after a spill containment dome sustained damage during the course of a testing session. 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.

Oil’s not well for Shell directors

FROM OUR SHELL NEWS ARCHIVE SEPT 2004

The Times: Oil’s not well for Shell directors

“The debacle over the reserves lifted the lid on an organisation that appears to have knowingly deceived investors.”: “It was when Sir Mark Moody-Stuart was in charge in 1998 that a paper was produced under the title: Creating Value through Entrepreneurial Management of Hydrocarbon Resource Values. Inflating the reserve figures certainly did that.

By Patience Wheatcroft

Business Editor’s Commentary

Posted 24 Sept 04

SHELL directors are looking into an abyss when they would prefer to be gazing down an oil well. For years the company has been using its reserves faster than it has been replenishing them and it does not take a highly qualified petroleum engineer to tell that continuation of that strategy does not make for a happy future.

So although Jeroen van der Veer and his colleagues must have known that, in the wake of the devastating reserves scandal, a more cautious approach to business might be appropriate, they have decided this was an option they could not afford. So Shell is taking a deep breath and hoping the oil price is going to remain high while it goes off in search of new wells whose contents are likely to be rather more expensive to retrieve than it would wish. 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.

Nigeria: PIB’s Lopsided, Unattractive – Shell

By Clara Nwachukwu, 24 September 2012

The Shell Group has declared that the draft Petroleum Industry Bill, PIB, before the National Assembly, is not only lopsided, but will also frustrate current investments in Nigeria’s oil and gas industry and impede on the ability to meet set targets on power generation.

Shell’s declaration contradicts widely held belief that the PIB is tilted very much in favour of the international oil companies, IOCs, who, for decades have dictated the tone of the industry operations. 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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