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Posts on ‘September 26th, 2012’

SHELL’S ANNUS HORRIBILIS

FROM OUR SHELL NEWS ARCHIVE SEPT 2004

Daily Express (UK): SHELL’S ANNUS HORRIBILIS

Published 23 Sept 2004

Jan 9, 2004: Reserves downgraded; shares slump

Mar 7: Chairman Sir Philip Watts ousted

Apr 19: E-mails about ‘lying’ revealed

Apr 24: FSA launches probe

Jun 6: Shell forced to speed up structural reform

Jul 29: Fined £84m by US and UK watchdogs

Sep 22: New investment strategy

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: Key Hearing in Court Case On Oil Giant Shell’s Nigerian Oil Pollution

26 September 2012

press release

The Hague — For the first time in history, a European company, Anglo-Dutch oil giant Shell, will appear in a Dutch court to account for damage it caused abroad, Friends of the Earth International announced today.

The court case against Shell’s oil spills in Nigeria has been filed by four Nigerian plaintiffs in conjunction with Friends of the Earth Netherlands and supported by Friends of the Earth Nigeria.

Lawyers for both parties will plea at a key hearing in The Hague on 11 October at 9:30am. [1] The verdict is expected early in 2013. 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.

Total SA, Shell diverge on Arctic drilling

By Steve Gelsi, MarketWatch

NEW YORK (MarketWatch) — Total SA talked down the prospects for oil drilling in the Arctic, while Shell reiterated its plans to develop crude exploration off the coast of Alaska on Wednesday, as energy stocks fell

Total SA TOT -1.71%  Chief Executive Christophe de Margerie said drilling in the Arctic may be too risky to the environment, a rare instance of an industry executive speaking against exploring for oil in the region, according to a report by the Financial Times on Wednesday. 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.

Iraq Says Shell Denies Talks With Kurds on Energy Projects

By Kadhim Ajrash on September 26, 2012

Royal Dutch Shell Plc (RDSA) said it isn’t in talks with authorities in Iraq’s semi-autonomous Kurdish region about energy projects in the northern area, a government spokesman said.

Hans Nijkamp, Shell’s country chairman for Iraq, spoke during a meeting with the deputy prime minister for energy affairs, Hussain al-Shahristani, today in Baghdad, Faisal Abdullah, Shahristani’s spokesman, said in an e-mailed statement.

To contact the reporter on this story: Kadhim Ajrash in Baghdad at [email protected] 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 says Nigeria oil bill will make projects unviable

Wed Sep 26, 2012 10:55am EDT

* Oil majors want better terms for deepwater, gas

* Bill to overhaul industry has been stalled for years

* Investment on hold due to regulatory uncertainty

By Tim Cocks

LAGOS, Sept 26 (Reuters) – Nigeria’s leading oil producer Shell thinks the tax terms in a landmark oil bill are so uncompetitive they risk rendering offshore oil and gas projects unviable, the firm’s managing director and industry sources said.

In comments from a stakeholders’ forum that Shell sent to Reuters on Wednesday, Shell Nigeria managing director Mutiu Sunmonu welcomed the bill’s arrival in parliament, but warned it may stifle investment if its terms are not improved. 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.

Iraq says Shell denies oil talks with Kurdistan

Wed Sept 26, 2012 12:50pm EDT

* Baghdad angry over reports Shell in talks -govt sources

* Shell says that in time it wants to work in all of Iraq

(Reuters) – Iraq said on Wednesday that Royal Dutch Shell has denied starting talks with Iraqi Kurdistan to sign energy deals with the semi-autonomous region.

Sources told Reuters last week that Shell was exploring possibilities in Iraqi Kurdistan, encouraged by the example of rivals who were risking Baghdad’s anger by moving into the northern region while developing oilfields in the south.

“We don’t have any discussions with the Kurdish regional government about working in the region,” Shell’s vice-president Hans Nijkamp told Iraq’s Deputy Prime Minister for Energy Hussain al-Shahristani, according to a statement from Shahristani’s office. 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.

Environmentalists Get Surprising Ally in Arctic Drilling Debate

By John M. Biers

TOTAL CEO SEES ARCTIC DRILLING AS RISKY BUSINESS

When was the last time you heard an executive from Big Oil say no thanks to drilling a hot prospect because it was too risky to the environment?

Yet that’s what Total Chief Executive Christophe de Margerie just did with arctic drilling. The feisty de Margerie, in an interview with the Financial Times, is quoted as saying an oil spill in Greenland would ”be a disaster,” and that a leak ”would do too much damage to the image of the company.”

De Margerie did qualify the remarks, saying natural gas drilling in the arctic posed less of a threat than oil drilling. But his comments are sure to prompt a sigh of despair from the oil industry as a whole and particularly from companies active in arctic drilling like Shell and Cairn, which have drilling campaigns in Alaska and Greenland, respectively. Both Shell and Cairn face tough, well-organized environmental campaigns against arctic drilling. 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.

10,000 to march in support of pipeline protesters

FROM OUR SHELL NEWS ARCHIVE SEPT 2005

Daily Telegraph: 10,000 to march in support of jailed pipeline protesters

“Anger is mounting over the jailing of five landowners who have been in prison for nearly 100 days for objecting to Shell building a pipeline through one of the last European -wildernesses.”: “The case of the Rossport Five, a group of small-time farmers from Co Mayo, has become an international cause célèbre and resulted in widespread criticism of the oil company and the Irish government.”

Monday 26 September 2005

By Tom Peterkin, Ireland Correspondent

(Filed: 26/09/2005)

Anger is mounting over the jailing of five landowners who have been in prison for nearly 100 days for objecting to Shell building a pipeline through one of the last European -wildernesses.

The case of the Rossport Five, a group of small-time farmers from Co Mayo, has become an international cause célèbre and resulted in widespread criticism of the oil company and the Irish government.

This week, 10,000 people will arrive in Dublin for a rally in support of the men while the issue is set to dominate the Irish parliament when it returns from its summer break on Wednesday. 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.

Nigerian Bonga oilfield to start late Oct – Shell

FROM OUR SHELL NEWS ARCHIVE SEPT 2005

Reuters: Nigerian Bonga oilfield to start late Oct – Shell

“…Bonga, which is over two years behind its original target start date and far above budget…”

Mon Sept 26, 2005

JOHANNESBURG (Reuters) – The long-delayed Bonga oilfield in Nigeria is now expected to start production in late October, quickly reaching 100,000 barrels per day (bpd), energy major Royal Dutch Shell said on Monday.

Shell had previously said Bonga, which is over two years behind its original target start date and far above budget, would begin pumping in the fourth quarter.

“We should start production at the end of October … We will rapidly build up to 100,000,” Basil Omiyi, head of Shell’s Nigerian operation, told reporters on the sidelines of the World Petroleum Congress in Johannesburg. 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.

Total Warns Against Oil Drilling in Arctic

Published: Tuesday, 25 Sep 2012 | 7:58 PM ET Total SA says energy companies should not drill for crude in Arctic waters, marking the first time an oil major has publicly spoken out against offshore oil exploration in the region. Christophe de Margerie, Total’s chief executive, told the Financial Times the risk of an oil spill in such an environmentally sensitive area was simply too high. FULL ARTICLE
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 recovers oil from North Sea spill

Published: Sept. 26, 2012 at 7:22 AM

LONDON, Sept. 26 (UPI) — Royal Dutch Shell said it completed the first part of a cleanup operation related to an oil spill at its Gannet platform in the North Sea last year.

Oil leaked from the Gannet platform in the North Sea in August 2011. The release totaled around 1,300 barrels of oil, making it the largest oil spill in the region in more than a decade.

The British Secretary of State’s Representative for Maritime Salvage and Intervention said it approved Shell’s plans to extract the residual oil left in a pipeline. 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.

Kiobel vs. Royal Dutch Petroleum Company, Monday, Oct. 1

Published: September 25, 2012 8:13 PM
By EMILY BAZELON, Slate  

Next Monday, the Supreme Court will begin what promises to be an action-packed fall. I’m looking forward to three cases in the first half of October.

Here they are, in the order they’ll be argued:

Kiobel vs. Royal Dutch Petroleum Company, Monday, Oct. 1: The term opens with a case held over from last year — in a way that doesn’t bode well for Esther Kiobel. She sued Royal Dutch Shell in 2002 on behalf of her late husband and 11 other Nigerians, saying that the company colluded with the Nigerian military in the 1990s to silence protesters — going so far as torturing and killing them — who were trying to halt oil exploration. Last term, when the court first heard the case, the question was whether corporations could be sued for human rights abuses. Cue lots of bitterness on the left about how the court could treat companies as people for the purposes of campaign donations, but not when it comes to accusations of murder. 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.

Royal Dutch Shell announce share buy-back programme

Monday, September 24, 2012

Royal Dutch Shell plc announces that it has entered into an irrevocable, non-discretionary arrangement with an independent third party to enable the purchase of ‘B’ ordinary shares, for cancellation, during the period from 25 September 2012 up to and including 1 November 2012 which period includes the 2012 third quarter results close period.

As previously announced, the purpose of the share buy-back programme is to offset dilution created by the issuance of shares for the Company’s Scrip Dividend Programme. At this time, it is less economic for the Company to purchase ‘A’ ordinary shares under the share buy-back programme due to Dutch dividend withholding Tax rules. 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 Completes First Phase of Gannet Oil Recovery Op

by  Jon Mainwaring: Rigzone Staff: Tuesday, September 25, 2012

Royal Dutch Shell announced Tuesday that it has finished the first phase of its operation to remove oil from the Gannet pipeline in the UK North Sea.

A major oil spill occurred at the Gannet Alpha platform in August 2011, but the recovery operation aimed at collecting the majority of the oil that remains in the carrier pipe only gained approval last month.

Shell reported in a statement that it has now completed the operation to remove oil contained in the outer carrier pipe of the Gannet F flowline bundle. The recovery operation involved the use of subsea pumps to recover oil into storage tanks on a recovery vessel. The recovered oil has been returned onshore for disposal via a licensed waste oil contractor 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 in Asset Development Deal

Posted 9/25/2012 2:30 PM by Zacks Equity Research from Zacks.com

Royal Dutch Shell plc ( RDS.A ) – through its affiliate SWEPI LP – entered into an asset development agreement with Fort Worth, Texas-based Quicksilver Resources Inc. ( KWK ).

Per the terms of the joint venture signed between the two aforesaid companies, they will be involved in developing their oil and gas holdings spanning across the Sand Wash Basin in Northwest Colorado. The companies are expected to cover more than 850,000 acres in the basin and set up an Area of Mutual Interest (“AMI”).

Each company will transfer 50% of its working interest in the majority of their acreage in the Sand Wash Basin to the other party. This will also endow each company with the right to 50% stake in any acquisition within the AMI. 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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