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Shell Signs Deal With China’s State Oil Producers to Get Access

By Brian Swint – Jul 25, 2012 12:18 PM GMT+0100

Royal Dutch Shell Plc (RDSA), Europe’s biggest oil company, expanded cooperation with China’s state- backed producers, giving it more access to reserves in the world’s second-largest economy.

The London-based company signed two offshore production- sharing contracts with Cnooc Ltd. (883) for the Yinggehai basin and amended a production sharing agreeement with China National Petroleum Corp. to allow the development of tight gas reserves, Shell said in a statement today. It also agreed to explore blocks off Gabon with Cnooc. read more

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Exxon may lead drop in global oil profits on lower prices

Top Houston companies by market value

Posted on July 25, 2012 at 6:40 am by Bloomberg

The world’s largest oil companies are poised to report a drop in second-quarter earnings after crude prices declined for the first time in three years.

Exxon Mobil Corp. (XOM), the world’s biggest oil company by market value, will probably say tomorrow net income dropped 13 percent from a year earlier to $9.3 billion dollars, based on the average of five analysts’ estimates compiled by Bloomberg. Royal Dutch Shell Plc (RDSA), Europe’s top oil producer, is expected to see profit decline 4 percent after adjusting for certain gains and losses. read more

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Shell wonder fuels: Shell Canada settles Quebec tainted gas class-action suit

FROM OUR JULY 2005 SHELL NEWS ARCHIVE…

Shell Canada settled a class-action lawsuit in Quebec over a gasoline additive that caused fuel systems and gas gauges to malfunction. The company said it can’t estimate the cost yet, but some reports put the figure at $100-million.

National Post: Shell Canada settles Quebec class-action suit

Bloomberg News

Thursday, July 22, 2004

Shell Canada settled a class-action lawsuit in Quebec over a gasoline additive that caused fuel systems and gas gauges to malfunction.

The company said it can’t estimate the cost yet, but some reports put the figure at $100-million.

Residents of Quebec have until Nov. 5 to file a claim against Shell Canada and may qualify for one of three levels of compensation, company spokeswoman Sonia Larin said.

Most motorists will receive between $20 and $550, Shell Canada says. Some will get more if they incurred expenses such as towing, accommodation and repairs, Ms. Larin said. The cost to Shell will depend on how compensation is paid out, Ms. Larin said. read more

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French Employee at Shell’s Russian Venture Is Killed

FROM OUR JULY 2005 SHELL NEWS ARCHIVE

BLOOMBERG: French Employee at Shell’s Russian Venture Is Killed

“A French expatriate working at a Royal Dutch Shell Plc-led oil and gas venture off Russia’s Pacific coast was killed at his apartment in Yuzhno-Sakhalinsk, on the southern end of Sakhalin Island.”: “Sakhalin Energy and Starstroi are investigating the murder, in part “to learn how to improve safety and security” for other employees…”

Wednesday 20 July 2005

July 20 (Bloomberg) — A French expatriate working at a Royal Dutch Shell Plc-led oil and gas venture off Russia’s Pacific coast was killed at his apartment in Yuzhno-Sakhalinsk, on the southern end of Sakhalin Island.

The employee of OOO Starstroi, a pipeline contractor for the Sakhalin-2 project, “died following a criminal incident at his apartment,” Ivan Chernyakhovsky, a spokesman for the project operator, Sakhalin Energy Investment Co., said in a telephone interview from Moscow today. read more

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Moscow Times: Gazprom Rethinks Value of Sakhalin-2

FROM OUR JULY 2005 SHELL NEWS ARCHIVE…

Moscow Times: Gazprom Rethinks Value of Sakhalin-2

Tuesday 19 July 2005

Gas giant Gazprom said on Friday it considered Royal Dutch/Shell’s assets on Sakhalin to be worth less after the oil major doubled the project’s cost estimates last week to $20 billion.

Earlier this month, Gazprom agreed to swap a 50 percent stake in its Siberian Zapolyarnoye gas field for a 25 percent stake in the Shell-led Sakhalin-2 liquefied natural gas project in the Far East.

On Thursday, Shell raised the cost estimate for Sakhalin-2 and postponed the first LNG shipment from the end of 2007 to summer 2008. read more

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Shell-Led Arctic Push Finds U.S. Shy

By Carol Wolf and Kasia Klimasinska on July 18, 2012

Royal Dutch Shell Plc (RDSA) has spent $4.5 billion since 2005 preparing to explore for oil off Alaska’s north coast in the Arctic. U.S. taxpayers may end up paying almost as much to supervise future operations in the region.

Shell, which may begin drilling next month, is one of at least six companies planning to extract oil, gas and minerals in the Arctic as global warming melts ice and opens new sea lanes to commerce. As the companies move in, so must the Coast Guard, to defend U.S. interests, perform sea rescues and coordinate the government’s response to any oil spills. read more

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Spill Remedy Questioned by Coast Guard as Shell to Tap Arctic

By Katarzyna Klimasinska on July 16, 2012

The U.S. Coast Guard is awaiting permission from the Environmental Protection Agency before including chemical dispersants among the tools to respond to any oil spills once Royal Dutch Shell Plc (RDSA) begins drilling in Arctic waters.

Admiral Robert Papp, the Coast Guard commandant, said EPA approval is necessary before his agency can use the dispersants. He said he’s not convinced the technology will be as successful in limiting damage from any potential spill in Arctic waters, as it was in the warmer Gulf of Mexico after the BP Plc (BP/) disaster two years ago. read more

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Drifting Shell Drilling Ship Prompts Environmentalist Criticism

By Kasia Klimasinska – Jul 15, 2012 10:42 PM GMT+0100

Royal Dutch Shell Plc (RDSA) faced criticism from environmental activists after a drilling ship the company plans to use for exploration in the U.S. Arctic drifted toward shore.

The Noble Discoverer drifted toward the coast near Dutch Harbor, Alaska, Shell said today in an e-mail. The vessel was re-positioned away from shore and there is no evidence of damage or grounding, Coast Guard spokeswoman Sara Francis said today by telephone from Kodiak, Alaska. While the reason for the mishap hasn’t been determined, Dutch Harbor experienced high winds yesterday, she said. read more

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Shell Sakhalin Project Cost Soars, Deliveries Late

FROM OUR JULY 2005 SHELL NEWS ARCHIVE…

BLOOMBERG: Shell Sakhalin Project Cost Soars, Deliveries Late

“Royal Dutch/Shell Group’s oil and gas project in Russia’s Far East may cost $20 billion, 67 percent more than originally planned…”

Thursday 14 July 2005

July 14 (Bloomberg) — Royal Dutch/Shell Group’s oil and gas project in Russia’s Far East may cost $20 billion, 67 percent more than originally planned, because of soaring metal prices and contractor fees and a declining U.S. dollar.

Deliveries of liquefied natural gas are now expected to start in the summer of 2008, the company said in a statement today, some eight months behind schedule. The project at Sakhalin island is the largest foreign direct investment anywhere in Russia. Shell shares pared gains in London after the statement. read more

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Nigeria’s Revised Oil Bill Reduces Taxes for Exploration

By Elisha Bala-Gbogbo – Jul 13, 2012 5:03 PM GMT+0100

Nigeria’s revised oil industry bill reduced taxes to be paid by producers after energy companies including Royal Dutch Shell Plc (RDSA) opposed initial proposals as too high.

The Petroleum Industry Bill, which was approved by the Cabinet on July 11 for presentation to the Parliament, proposes 50 percent tax for onshore and shallow fields and 20 percent for deepwater fields, according to a copy of the bill obtained by Bloomberg. The original proposals were for 85 percent and 50 percent respectively. read more

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Shell Gets Conditional Alberta Approval for Carbon-Capture Plan

By Edward Klump – Jul 11, 2012 8:52 PM GMT+0100

Royal Dutch Shell Plc (RDSA), Europe’s biggest oil company, received conditional approval from Alberta’s energy regulator for a carbon capture and storage project planned north of Edmonton.

A panel concluded it’s in the public interest for Shell’s Quest project to move ahead, Alberta’s Energy Resources Conservation Board said in a statement posted on its website and dated yesterday. The site is suited to long-term carbon-dioxide storage, and the proposal mitigates potential risks, the board said. read more

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PTT Exploration Extends Offer for Cove Energy Until July 13

By Kari Lundgren – Jul 9, 2012 8:02 AM GMT+0100

PTT Exploration and Production Pcl, the Thai company battling Royal Dutch Shell Plc (RDSA) to take over Cove Energy Plc (COV), extended its offer for the East Africa-focused explorer to July 13.

State-controlled PTT has received acceptances from 0.25 percent of Cove shareholders for its agreed 1.22 billion-pound ($1.9 billion) offer. Its bid has also been approved by Kenya’s competition authority, according to a statement today.

Cove owns an 8.5 percent stake in Mozambique’s Rovuma Area 1, where recoverable natural gas amounting to more than six times the U.K.’s existing reserves has been discovered. PTT’s latest offer of 240 pence a share for Cove topped Shell’s 220- pence bid. read more

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Barge Flaws Delay Shell Alaska Drilling, Coast Guard Says

By Katarzyna Klimasinska and Carol Wolf – Jul 6, 2012 4:19 PM GMT+0100

A barge Royal Dutch Shell Plc (RDSA) plans to use during oil exploration off Alaska’s north coast is being held up by U.S. Coast Guard inspectors, delaying the start of the drilling the company intended to begin this month.

The inspectors said the barge, intended to be part of Shell’s oil-spill response, has deficiencies in fire-fighting and electrical systems that must be corrected before a permit is issued. The agency said the company is seeking to ease the standards the barge will need to meet. read more

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Shell Said to Renew 1 Billion-Euro Deutsche Telekom Data Deal

By Cornelius Rahn on July 05, 2012

Deutsche Telekom AG (DTE)’s T-Systems unit won an extension of a 1 billion-euro ($1.2 billion) deal to manage the data center infrastructure of Royal Dutch Shell Plc (RDSA), two people familiar with the matter said.

The initial outsourcing contract, signed in March 2008, will be extended by at least another five years, the people said, asking not to be identified as the agreement hasn’t been announced yet. Under the deal, T-Systems is moving data into a cloud computing infrastructure, meaning Shell can access information and services remotely, without having to maintain its own servers, one person said. read more

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Cove Sparks Top Bids for Gas Explorer in Africa: Real M&A

By Alex Barinka – Jul 4, 2012 10:00 PM GMT+0100

Traders are more convinced than ever that a bidding war for Cove Energy Plc (COV) will lead to the richest takeover premium on record for an oil and natural-gas explorer.

The owner of a stake in gas fields off Mozambique lured a sweetened offer of 1.2 billion pounds ($1.9 billion) from PTT Exploration & Production Pcl in May that topped prior bids from Royal Dutch Shell Plc. (RDSA) Shares of Cove rose to a record 270 pence yesterday, almost 13 percent above PTTEP’s proposal, indicating traders who profit from acquisitions anticipate the competition will escalate. It now trades higher above the offer price than any other pending acquisition in western Europe of at least $500 million, according to data compiled by Bloomberg. read more

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Shell Alaska Drilling to Start in Third Quarter, U.S. Says

By Stephen Treloar and Katarzyna Klimasinska – Jun 26, 2012 3:32 PM GMT+0100

Royal Dutch Shell Plc (RDSA) will begin drilling off Alaska’s north coast in the third quarter, Interior Secretary Ken Salazar said as he outlined U.S. plans to advance Arctic energy production.

“We anticipate that there will be exploration with the initial wells going in by Shell this summer,” Salazar said today in an interview at a meeting of energy ministers in Trondheim, Norway. “We have now pending exploration plans that have been submitted by other companies as well.” read more

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Shell Plans $3.5 Billion Nigeria Gas Plant, ThisDay Reports

By Elisha Bala-Gbogbo – Jun 26, 2012 9:20 AM GMT+0100

Royal Dutch Shell Plc (RDSA)’s Nigerian unit plans to build a $3.5 billion gas plant in the southeastern Imo state, Lagos-based ThisDay reported, citing Mutiu Sunmonu, Shell’s chairman in Nigeria.

To contact the reporter on this story: Elisha Bala-Gbogbo in Abuja at [email protected]

To contact the editor responsible for this story: Dulue Mbachu in Abuja at [email protected]

SOURCE

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Putin Pushes International Oil CEOs for Access to Assets

By Jake Rudnitsky and Ilya Khrennikov on June 22, 2012

President Vladimir Putin asked the chief executives of U.S. and European energy producers to grant Russian companies access to international assets, holding out some of the world’s biggest untapped resources as a prize.

Putin is hosting the heads of Royal Dutch Shell Plc (RDSA), ConocoPhillips, BP Plc (BP/) and Eni SpA (ENI) at the St. Petersburg International Economic Forum, using the three-day event to say Russia is one of the most welcoming countries for energy investments.

“Far from all countries allow such a broad involvement by foreign companies in the energy sector,” Putin said in a speech yesterday, pointing to Mexico and Norway as countries where state-owned companies dominate the energy industry. read more

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Statoil Asks Gazprom to Bring Shell Into Shtokman: RIA

By Marina Sysoyeva on June 21, 2012

Statoil ASA (STL) wants Royal Dutch Shell Plc (RDSA) to become the main foreign partner in development of the Shtokman offshore natural gas project in Russia, RIA Novosti reported.

Statoil sent a letter to OAO Gazprom proposing the change, the Russian news agency reported, citing an unnamed person familiar with the matter. Gazprom owns 51 percent of Shtokman Development AG, Statoil owns 24 percent and France’s Total SA (FP) owns 25 percent. The report didn’t say if Statoil is seeking a replacement for Total or to reduce the company’s stake in the project. read more

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Shell takes lead in race to export natural gas from Canada to Asia

Laurel Andrews | Jun 18, 2012

The race is on between energy companies to be the first exporter of Canadian liquefied natural gas (LNG) to Asia, Bloomberg reports.

The competition comes as Alaska’s leaders continue to struggle with developing the North Slope vast natural gas fields, the largest proven reserves of conventional gas in North America.

Bloomberg reports that Royal Dutch Shell has selected Calgary-based TransCanada Corp. to build a $4 billion pipeline to carry natural gas from British Columbia to the Pacific coast, a move that pushes Shell ahead of its three competitors in the race to tap Asian markets. read more

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Shell Says It Reduced Nigeria Gas Flaring 60% in Nine Years

By Elisha Bala-Gbogbo on June 18, 2012

Royal Dutch Shell Plc (RDSA), operator of Nigeria’s largest oil fields, said the flaring, or burning, of natural gas at its deposits in the West African country fell by more than 60 percent in the past nine years.

“Flaring dropped by more than 60 percent from over 0.6 billion cubic feet of gas a day to about 0.2 billion cubic feet,” the company said today in an e-mailed statement from Lagos, the commercial capital. The decline followed investments of more than $3 billion to build gathering facilities since 2000, Shell said. read more

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Bloomberg.com: Shell Oil Must Pay $153.6 Mln Award to Union Carbide

From our archives… Another example of Shell IP theft

Bloomberg.com: Shell Oil Must Pay $153.6 Mln Award to Union Carbide

Posted 17 June 2004

June 16 (Bloomberg) — Shell Oil Co., a unit of Royal Dutch/Shell Group, Europe’s second-largest oil company, must pay Dow Chemical Co.’s Union Carbide Corp. $153.6 million in damages for infringing a patent for catalysts, a federal judge ruled.

Chief U.S. District Judge Sue L. Robinson in Wilmington, Delaware, added more than $40 million in interest to an original judgment of about $112 million that was imposed during a 2003 jury trial, according to court papers. read more

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Shell Gear Needs More Tests Before Alaska Permits, Official Says

By Katarzyna Klimasinska on June 14, 2012

Royal Dutch Shell Plc (RDSA) must complete more tests of its safety equipment before the U.S. lets the company drill for oil off the north coast of Alaska, a regulator said.

The examinations, which will verify whether Shell is able to stop the flow of oil in case of a blowout, will take place in coming weeks, James Watson, director of the Interior Department’s Bureau of Safety and Environmental Enforcement, said today during a conference call.

“These tests must be successful before we approve any drilling activities, because safety is a must and it’s our No. 1 priority,” Watson said in Portland, Oregon, after looking over equipment to be used when a well fails. “There are still a number of inspections by BSEE and the U.S. Coast Guard” on Shell’s equipment. read more

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Corbett begins PR effort for refinery tax credit

The Associated Press June 14, 2012, 6:14PM ET

By Marc Levy

HARRISBURG, Pa.

Gov. Tom Corbett’s administration began its public relations effort Thursday to build support for a 25-year tax credit worth up to $1.7 billion that it wants to foster a petrochemical industry in Pennsylvania around the state’s supply of natural gas from the vast Marcellus Shale formation.

Three of Corbett’s cabinet secretaries held a forum at the Beaver County community college, near the Pittsburgh-area site of a multibillion-dollar petrochemical refinery planned by a subsidiary of Netherlands-based oil and gas giant Royal Dutch Shell PLC. read more

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Shell Races Apache to Export LNG From Kitimat to Asia

By Jeremy van Loon and Edward Klump – Jun 12, 2012 12:00 AM GMT+0100

Royal Dutch Shell Plc (RDSA) is pushing ahead of competitors in the race to be the first exporter of Canadian liquefied natural gas to Asia.

Europe’s largest oil company last week selected Calgary- based TransCanada Corp. (TRP) to build a $4 billion pipeline to carry gas from northeast British Columbia to the Pacific coast. Shell’s partners in the project are Mitsubishi Corp. (8058), Korea Gas Corp. (036460) and PetroChina Co., which are based in the world’s three largest LNG importing markets. read more

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Gulf Coast Gains as Motiva Refinery Repairs Said to Take Months

Gulf Coast gasoline strengthened as Motiva Enterprises LLC was said to be shutting a new crude unit for as long as five months at the Port Arthur, Texas, refinery, for repairs.

By Paul Burkhardt – Jun 11, 2012 6:48 PM GMT+0100

Gulf Coast gasoline strengthened as Motiva Enterprises LLC was said to be shutting a new crude unit for as long as five months at the Port Arthur, Texas, refinery, for repairs.

The refinery is assessing damage to the 325,000-barrel-a- day unit, a person with knowledge of operations said. The startup was abandoned over the weekend after the crude unit developed leaks, cracks in pipes, and a fire in a heater, according to the person, who declined to be identified because he’s not authorized to speak for the company. read more

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San Francisco Gasoline Gains After Shell Martinez Flares Gases

By Lynn Doan – Jun 8, 2012 11:02 PM GMT+0100

California-blend gasoline in San Francisco gained for the first time in four days after Royal Dutch Shell Plc (RDSA) flared gases at the Martinez oil refinery in Northern California because of an “operational issue.”

The 158,000-barrel-a-day Martinez plant reported a release of sulfur dioxide at about 12:20 p.m. local time, a notice to the California Emergency Management Agency showed. Kayla Macke, a Shell spokeswoman in Houston, declined to comment on whether the incident affected production at the plant. read more

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Gulf Gasoline Drops After Motiva Said to Plan Crude Unit Start

By Paul Burkhardt – Jun 8, 2012 6:38 PM GMT+0100

Gulf Coast gasoline weakened as Motiva Enterprises was said to plan a June 10 start of the new 325,000-barrel-a-day crude unit at its Port Arthur, Texas, refinery.

The unit, shut June 3 to repair damage from a small fire, could near full rates within a day of the restart, said a person with knowledge of operations at the plant who declined to be identified because he isn’t authorized to speak for the company.

The discount for conventional, 87-octane gasoline in the Gulf Coast narrowed 2.5 cents to 11 cents a gallon versus futures traded on the New York Mercantile Exchange at 12:07 p.m. local time, according to data compiled by Bloomberg. Prompt delivery fell 6.97 cents to $2.5303 a gallon. read more

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Shell Permits Would Help U.S. Keep Pace in Arctic, Salazar Says

By Katarzyna Klimasinska – Jun 5, 2012 6:46 PM GMT+0100

The U.S. is considering final permits letting Royal Dutch Shell Plc (RDSA) explore for oil in the Arctic Ocean as the nation seeks to keep pace with Russia, Norway and Canada, Interior Secretary Ken Salazar said.

Shell is closer to drilling as many as five wells in the Beaufort and Chukchi seas this year, after agreeing to build an oil-spill containment system and add precautions to protect native Alaskans and animals such as polar bears and walrus. Federal waters off Alaska’s coast may hold 26.6 billion barrels of oil, according to a 2011 assessment from the Interior Department. read more

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Exxon, Shell See U.S.-Led Gas Boom Boosting Worldwide Growth

By Dinakar Sethuraman, Rakteem Katakey and Yee Kai Pin on June 05, 2012

Exxon Mobil Corp. (XOM) (XOM), the world’s biggest energy company, and Royal Dutch Shell Plc (RDSA) said a U.S.- led transformation of the natural-gas market will boost the global economy even as oil becomes more expensive.

“Natural gas is quickly becoming a key enabler of economic growth and environmental progress around the world,” Rex W. Tillerson, chief executive officer of Exxon, said at a conference today in Kuala Lumpur. “We are living at a historic moment in the evolution of energy markets. How we respond will shape the quality of life for generations to come.” read more

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Shell CEO Sees No Urgency to Sell $6 Billion Woodside Stake

By James Paton on June 05, 2012

Royal Dutch Shell (RDSA) Plc, Europe’s largest oil company, sees no urgency over what to do with its $6 billion stake in Australia’s Woodside Petroleum Ltd. (WPL), Chief Executive Officer Peter Voser said today.

“We are under no urgency or pressure to do anything,” Voser told reporters today in Kuala Lumpur, where he’s attending an industry conference. “Woodside has an interesting growth model in terms of projects and has strategic value.”

Woodside, Australia’s second-largest oil and gas producer, has slumped in Sydney trading since The Hague-based Shell sold 10 percent of the company at A$42.23 a share in November 2010. Shell still owns 23 percent of the Perth-based company, valued at A$6.1 billion ($6 billion) today. Woodside rose 4 percent today to A$32.10 at 2:24 p.m. in Sydney. read more

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U.S. Oil Boom Prompts Motiva to Change Port Arthur Strategy

By Dan Murtaugh and Barbara J Powell – May 31, 2012 8:03 PM GMT

Motiva Enterprises LLC had to adjust its strategy for the $10 billion expansion of the Port Arthur, Texas, refinery because of a boom in U.S. oil production, Bob Pease, the company’s chief executive officer, said.

Pease, Saudi Arabian Oil Co. CEO Khalid Al-Falih and Royal Dutch Shell Plc (RDSA) CEO Peter Voser were all in Port Arthur today to show off the expanded plant, which more than doubled capacity to 600,000 barrels a day. read more

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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

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Eni, Exxon, Shell to Fund $986 Million Kazakh Share for Kashagan

By Svetlana Antoncheva and Nariman Gizitdinov – May 28, 2012 6:48 AM GMT+0100

Eni SpA (ENI), Exxon Mobil Corp. (XOM) and Royal Dutch Shell Plc (RDSA) agreed to fund the $986 million costs owed by Kazakhstan’s state energy producer for one of the world’s biggest oil fields, Oil and Gas Minister Sauat Mynbayev said.

The foreign partners will pay Kazmunaigaz’s share of the costs for Kashagan this year and next, Mynbayev told reporters in Astana today. It wasn’t clear if Kazmunaigaz will repay its foreign partners out of future revenue from the project. read more

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Kashagan’s Foreign Partners to Finance State’s Share of Costs

By Nariman Gizitdinov – May 24, 2012 11:02 AM GMT+0100

Eni SpA (ENI), Exxon Mobil Corp. (XOM) and Royal Dutch Shell Plc (RDSA) agreed to shoulder the investment costs owed by Kazakhstan’s state energy producer for one of the world’s biggest oil fields this year and next.

The international partners, which also include Total SA (FP) and ConocoPhillips (COP), will bear KazMunaiGaz National Co. costs in the offshore Kashagan field for 2012 and 2013, the Kazakh oil and gas ministry said in a statement late yesterday.

“The parties agreed that the consortium will finance the share of KazMunaiGaz’s investments in the project in the period in 2012-2013,” it said. read more

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Heywood Murder Thrusts Employer Hakluyt Into Limelight

The firm was accused in a 2001 Sunday Times article of helping BP Plc and Royal Dutch Shell Plc spy on Greenpeace using a German agent called Manfred Schlickenrieder, who posed as a left-wing film-maker. Free University’s Blancke, who studied the incident, has computer files taken from Schlickenrieder’s room by environmental activists who became suspicious of his behavior. Those files include e-mails from Hakluyt.

By Kit Chellel and Jeremy Hodges – May 24, 2012 12:00 AM GMT+0100

Hakluyt & Co., the corporate investigations firm that hired British businessman Neil Heywood as a consultant in China, has been thrust by his death into a place it promises clients it will never be: the limelight.

“We guarantee complete confidentiality,” Hakluyt director Christopher James told Enron Corp.’s then Chief Executive Officer Jeffrey Skilling in 2001, according to an e-mail exchange that was released during a U.S. investigation into the bankrupt energy company. Hakluyt, James wrote, “places an unparalleled private intelligence network at the personal disposal of senior commercial figures.” read more

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Motiva Reports Emissions at Texas Refinery, Filing Shows

By Moming Zhou – May 20, 2012 6:45 PM GMT+0100

Motiva Enterprises LLC reported emissions at its Port Arthur, Texas, refinery, according to a filing with statement regulators.

The emissions started at 9 a.m. yesterday and ended at 9 a.m. today local time, the filing showed.

To contact the reporter on this story: Moming Zhou in New York at [email protected]

To contact the editor responsible for this story: Dan Stets at [email protected]

SOURCE

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Cove Reports New Indian Ocean Gas Discovery Off Mozambique

By Will Kennedy – May 15, 2012 4:47 PM GMT+0100

Cove Energy Plc (COV), the U.K. explorer that’s agreed to be bought by Royal Dutch Shell Plc (RDSA), reported a new gas find off Mozambique, increasing the size of its discoveries in the east African nation by as much as 66 percent.

The Golfinho exploration well, drilled by partner Anadarko Petroleum Corp. (APC), found 7 trillion to 20 trillion cubic feet of recoverable gas, according to a statement today. The discovery was separate to the existing Prosperidade find, which holds as much as 30 trillion cubic feet. In total, the Rovuma Area 1 block where Anadarko and Cove are exploring may hold more than five times the U.K.’s existing gas reserves. read more

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Sugar Cane Grows on Oil as $71 Billion Bet Outspends D.C.

By Ken Wells – May 10, 2012 5:01 AM GMT+0100

BP Plc (BP/) has invested $7 billion in alternative energy since 2005. Exxon Mobil Corp. (XOM) is spending $600 million on a 10-year effort to turn algae into oil. And Royal Dutch Shell Plc (RDSA) has been buying up sugar cane mills, plantations and refineries to make ethanol in Brazil.

In the U.S., Shell already produces small lots of so-called drop-in biofuels–engine-ready products that can replace gasoline from a plant in Houston that uses sugar beets and crop waste. read more

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Royal Dutch Shell PLC shuts down major pipeline running in Nigeria; blames thefts for breaks

Royal Dutch Shell PLC shuts down major pipeline running in Nigeria; blames thefts for breaks

By Associated Press, Updated: Friday, May 4, 5:23 PM

LAGOS, Nigeria — Royal Dutch Shell PLC says it has shut down a major pipeline running through Nigeria’s oil-rich southern delta because it had been repeatedly targeted by thieves.

Shell issued a statement late Friday saying the shutdown would cut off production of about 60,000 barrels of oil a day from its Nigerian subsidiary. It said thieves have repeatedly cut into its Nembe Creek Trunkline, causing damage and leaks in the area.

Shell produced about 974,000 barrels of oil a day in 2011 in Nigeria. It declared a “force majeure” warning — meaning it is impossible for the company to cover the promised supply from the field.

Though militancy in the region has dropped since a 2009 amnesty program, foreign firms say oil thefts from pipelines have risen dramatically. read more

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Greenpeace Says Activists Occupy Shell Icebreaker in Finland

Greenpeace Says Activists Occupy Shell Icebreaker in Finland

By Kari Lundgren – May 1, 2012 1:17 PM GMT+0100

Greenpeace activists occupied a Royal Dutch Shell Plc (RDSA) icebreaker in Finland, protesting the company’s plans to drill for oil off Alaska.

Twenty activists boarded the Nordica icebreaker this morning and have locked themselves on to the vessel in a bid to prevent it from traveling to Alaska, where drilling is poised to start, the environmental organization said today in a statement.

Shell and the U.S. Interior Department say they’ve taken steps to ensure drilling in the waters off Alaska will be safe and any spills promptly contained. The oil producer, which has spent about $4 billion on Arctic leases, equipment and research since 2005, said its plans are the best in the industry. read more

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Australia LNG Boom Threatened by U.S. Shale Exporters

By Eduard Gismatullin – Apr 26, 2012 1:10 PM GMT+0100

Royal Dutch Shell Plc (RDSA) and PetroChina Co. are designing a liquefied natural gas plant in Australia with capacity of about 9 million metric tons a year that Deutsche Bank AG says will cost more than $20 billion.

Arrow Energy Ltd., the partners’ Brisbane-based venture, plans to decide on whether to invest in the project by the end of next year, Shell Chief Financial Officer Simon Henry said.

“There have been and are ongoing discussions between partners as to whether gas can potentially be taken from one producer through other peoples’ facilities,” Henry said today on a conference call. “If there’s a deal there to be done, we’ll do the deal, if not then we move on” with building the joint venture’s own LNG plant in Queensland, he said. read more

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Shell Net Little Changed, Projects Offset Lower Output

By Eduard Gismatullin – Apr 26, 2012 7:48 AM GMT+0100

Royal Dutch Shell Plc (RDSA), Europe’s biggest oil company, reported first-quarter earnings that beat estimates and raised a target for asset sales this year.

Excluding one-time items and inventory changes, Shell posted profit of $7.28 billion, compared with the $6.7 billion average estimate of eight analysts surveyed by Bloomberg.

Chief Executive Officer Peter Voser said asset sales this year are likely to be in excess of $4 billion, compared with earlier expectations of $2 billion to $3 billion. The company generated additional cash in the quarter from new projects in Canada’s Athabasca oil sands and Qatar as Brent crude traded 12 percent higher than a year earlier. read more

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Justice Dept. makes 1st arrest in BP oil spill; ex-engineer accused of obstruction of justice

By Associated Press, Updated: Tuesday, April 24, 7:03 PM

NEW ORLEANS — The Justice Department said on Tuesday it filed the first criminal charges in the Deepwater Horizon disaster in the Gulf of Mexico, accusing a former BP engineer of destroying evidence.Kurt Mix, of Katy, Texas, was arrested on two counts of obstruction of justice.

The Justice Department says the 50-year-old Mix is accused of deleting a string of 200 text messages with a BP supervisor in October 2010 that involved internal BP information about how efforts to cap the well were failing.

BP officials did not immediately respond to emails seeking comment.

Justice Department officials said Mix would make an initial appearance in federal court in Houston on Tuesday afternoon.

On Wednesday, a federal judge in New Orleans is expected to consider a motion to approve a $7.8 billion civil settlement between BP and a committee of plaintiffs in a civil case. read more

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Shell Says Speeding Up Work on Using Flared Iraqi Natural Gas

Royal Dutch Shell Plc (RDSA) said it’s speeding up work on a project to capture natural gas from oilfields in southern Iraq and that it has signed an initial agreement to develop a petrochemical plant based on ethane.

“All hands on deck to catch up with time lost” after more than a year of negotiations to sign the $17 billion gas-capture agreement ended in November, Mounir Bouaziz, Shell’s Middle East vice president for new business, said today at a conference in Istanbul.

Iraq is now flaring gas produced in association with crude oil because it lacks the infrastructure to use it as fuel for electricity plants or feedstock for the petrochemical industry. read more

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Royal Dutch Shell PLC says its operational oil spills nearly doubled last year in Nigeria

By Associated Press, Updated: Thursday, April 12, 8:13 PM

LAGOS, Nigeria — Royal Dutch Shell PLC says the number of its operational oil spills nearly doubled last year.

Shell made the statement Thursday in its annual sustainability report, saying it had 63 operational spills in 2011. That’s compared to 32 spills in 2010.

Shell blamed them on restarting pipelines it hadn’t run in some time in Nigeria’s oil-rich Niger Delta over fears of militancy. Shell also said spills came from increasing thefts along its pipelines in the region.

Shell said it spilled 5,300 tons of oil in 2011. The company blamed the majority of that on a spill at its Bonga offshore oil facility in December. By comparison, the company said it spilled nearly 14,000 tons in 2009. read more

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In Total North Sea gas leak, comparisons to Gulf oil spill inevitable

By Associated Press, Updated: Monday, April 9, 3:38 PM

PARIS — Oil giant Total has moved to reassure investors and environmental activists over the past week that the financial and environmental damage from its gas leak in the North Sea would be limited, a task made more difficult by comparisons to BP’s handling of a catastrophic oil spill in the Gulf of Mexico nearly two years ago. Initial data showed that the leak from Total’s platform in the Elgin gas field 150 miles (250 kilometers) off the coast of Scotland — which was first detected March 25 — was pouring out about 7 million cubic feet (200,000 cubic meters) of natural gas each day. On Friday, the company said the rate of the leak appeared to have slowed but had no new figure.

In a conference call to analysts and reporters last week, Total Chief Financial Officer Patrick de La Chevardiere appealed to those listening to avoid comparisons between the Elgin leak and the Gulf spill at BP’s Macondo well.

“While we understand that comparisons to Macondo are inevitable, we would like to state clearly that the situations are very different,” he said. “There is no crude oil involved here and therefore the current impact on and risks for the environment are relatively low.” read more

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Shell’s Alaska Plan Doesn’t Eliminate Spill Risks, GAO Says

By Katarzyna Klimasinska – Mar 30, 2012 9:00 PM GMT+0100

Royal Dutch Shell Plc (RDSA)’s plan for oil drilling off Alaska’s north coast fails to deal with some risks linked to operating in the remote region, the U.S. Government Accountability Office said.

The federal watchdog’s comment strengthens calls from environmental groups, such as the Natural Resources Defense Council and Alaskan native people, that have been urging President Barack Obama’s administration to delay Arctic oil exploration. read more

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Shell gets injunction for Arctic drill ships

The Associated Press March 29, 2012, 7:10PM ET

ANCHORAGE, Alaska

A federal judge has ordered representatives of Greenpeace USA to stay a kilometer away from Shell Oil’s drilling vessels destined for Arctic Ocean waters off Alaska’s northern shores.

The 29-page order signed Wednesday by Judge Sharon Gleason in Anchorage grants a preliminary injunction requested by Shell through Oct. 31, the end of the open water drilling season. A 500-meter safety zone is in place for support vessels. read more

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Shell Sued in U.K. Over ’Massive’ 2008 Nigerian Oil Spills


By Erik Larson – Mar 23, 2012 5:02 PM GMT

A unit of Royal Dutch Shell Plc (RDSA), Europe’s largest oil company, was sued in Britain by 11,000 Nigerians who say their land, rivers and wetlands were spoiled by two “massive” spills in the Niger River delta in 2008.

The lawsuit against Shell’s Nigerian subsidiary was filed in London today by residents of the coastal Bodo community after talks failed to produce a deal, the group’s law firm Leigh Day & Co. said in a statement. While Shell admits liability for the leaks, it claims local people spilled most of the oil. read more

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