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Posts on ‘October 16th, 2012’

Shell’s pipeline costs overflow to $22bn

From our October 2005 Shell news archive

The Observer: Shell’s pipeline costs overflow to $22bn

“The financial crisis has prompted Gazprom, the state-owned Russian energy giant, to delay rubber-stamping a deal that would see it take a 25 per cent stake in Sakhalin-2.”: “Shell is desperately trying to secure bank loans to help finance Sakhalin-2, which it says will generate $45bn worth of oil and liquefied natural gas.”

Sunday 16 October 2005

Nick Mathiason

Sunday October 16, 2005

The escalating financial crisis at one of Shell’s most crucial energy projects, already massively over budget, has taken a turn for the worse.

It is understood that the Sakhalin-2 gas and oil pipeline project, which originally had a budget of $10 billion, could now cost $22bn. The scheme will transport oil and gas from an island off the east coast of Russia.

Last month the Anglo-Dutch energy giant admitted the project would cost around $20bn, but sources close to the Sakhalin Energy Investment Company, which Shell currently controls, suggest the final bill could be even higher. 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 Beaufort Sea Drilling Rig

A photographer charters a plane and takes aerial photographs of Shell’s Kulluk drilling rig in the Beaufort Sea, underlining its proximity to the pristine Arctic National Wildlife Refuge. [The Daily Climate]

SOURCE

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, South Africa and Apartheid

“In talks with Kairos and with the Dutch Council of Churches Royal Dutch/Shell repeatedly claimed that the parent company had no control over its Rhodesian subsidiary, and neither was the Shell Group involved in any illegal supplies. As it was becoming apparent, however, that Shell had been involved in a crafty scheme to evade the Rhodesian embargo via South Africa all along…”: “As it had become clear even before the illegal activities of Shell were uncovered…”

International Institute of Social History: An Institute of the Royal Netherlands Academy of Arts and Sciences (KNAW)

Soon after its foundation in 1970, Kairos opted to concentrate on economic ties with South Africa, a choice influenced by the World Council of Churches. When in 1972 the World Council launched an appeal at multinational companies to withdraw from South Africa, Kairos decided to focus on Shell: a large and strategically important company both in the Netherlands and South Africa. Kairos chairman Cor Groenendijk addressed Shell shareholders for the first time in their 1973 annual meeting in The Hague; this was followed by a series of discussions with the management of Shell which dragged on fruitlessly for years. 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 boring machine finally reaches tunnelling site at Aughoose

The Irish Times – Tuesday, October 16, 2012

ÁINE RYAN

More than two months after it was delayed by a jack-knifing incident at an isolated Co Mayo crossroads, Shell’s giant tunnel-boring machine reached its final destination in a midnight operation supported by more than 60 gardaí at the weekend.

Christened Fionnuala by Shell, the 500-tonne machine is due to start digging the 4.9km sub-sea tunnel under Sruwaddacon Bay in the coming weeks, heralding the final phase of the controversial Corrib gas project. 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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