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View Article  Dow Jones Newswires: Nigerian Oil Unions Begin Three-Day Strike -Union

13 September 2006

LAGOS -(Dow Jones)- Nigeria’s two oil unions Wednesday began a three-day warning strike over the lack of ...   more »

View Article  Dow Jones Newswires: Shell CEO: Sakhalin 80% Completed; Working To Standard -3

Tuesday September 12nd, 2006 / 14h10
 
Last week, Russia’s environmental watchdog Rosprirodnadzor said it would seek to revoke Sakhalin ...   more »

View Article  Dow Jones Newswires: Shell To Drill Exploration Well At New Brazil Field In `07

Tuesday September 12nd, 2006 / 1h11 
 
RIO DE JANEIRO -(Dow Jones)- Royal Dutch Shell (RDSB.LN) next year will drill ...   more »

View Article  Dow Jones Newswires: EBRD Sakhalin Decision Unlikely Before Oct - Spokesman

Monday September 4th, 2006 / 18h39 
 
LONDON -(Dow Jones)- A decision by the European Bank for Reconstruction and Development to lend money to the Royal Dutch Shell PLC (RDSB.LN)-led Sakhalin II project won’t take place before October, an EBRD spokesman said Monday.

The bank has previously set a deadline for September but the spokesman said the date was for a recommendation to the board, which he still expects in September.

The board would still then have 30 days to make a decision on the loan for the oil and gas venture on Russia’s Pacific coast, a debt which people involved in the talks say would be in the region of $500 million.

The spokesman added that any decision on the loan will not be affected by recent threats by Russian environmental authorities to suspend production at the project.

Russian authorities said Friday they may order the project to stop pumping oil if it does not correct environmental violations registered over the past year.

“We have our own process,” separate from the Russian authorities, to assess the environmental soundness of the project, the EBRD spokesman said.

A person familiar with the EBRD’s process said that unless permits to build or operate the project are canceled, the bank will still assess Sakhalin II using its own criteria.

The person added that the EBRD has noticed some improvement regarding the most critical issue, the impact of the project on river crossings. But the person added that the bank is still negotiating with the company to get commitments to alleviate pollution risks.

Sakhalin Energy currently pumps about 80,000 barrels a day of crude oil, and plans to start shipping liquefied natural gas, or LNG, to East Asian and North American markets starting in 2008.

The Sakhalin Energy consortium is majority owned by Shell, while a subsidiary of Japan’s Mitsui & Co. Ltd. (MITSY) holds a 25% stake and Diamond Gas Sakhalin, a subsidiary of Japan’s Mitsubishi Corp. (8058.TO), holds 20%.

-By Benoit Faucon, Dow Jones Newswires; +44 20 7842 9266; benoit.faucon@dowjones.com

View Article  Dow Jones Newswires: Nigeria Min Appears Before House Panel On Shell - Report

LAGOS -(Dow Jones)- Nigeria’s oil minister Wednesday appeared before a House committee to answer questions concerning an alleged underpayment to ...   more »

View Article  Dow Jones Newswires: Nigeria Min Appears Before House Panel On Shell - Report

31 August 2006  
 
LAGOS -(Dow Jones)- Nigeria's oil minister Wednesday appeared before a House committee to answer questions concerning ...   more »

View Article  Dow Jones Newswires: Shell Worker Death Upgrades Strike Threat At Talks Wed - Union

Wednesday August 30th, 2006 / 11h15 
 
LONDON -(Dow Jones)- The Royal Dutch Shell PLC (RDSB)-led joint venture in Nigeria ...   more »

View Article  Dow Jones Newswires: UK Offshore Union: N Sea Faces Oil, Gas Spill Threat

8 August 2006 / 20h39   
 
A spokesman for the U.K. Health and Safety Executive, the U.K.'s offshore safety regulator, agreed, ...   more »

View Article  Dow Jones Newswires: BP Quick Restart Not In The Pipeline - UBS

Monday, August 07, 2006

0859 GMT [Dow Jones] The prospect of a quick restart looks slim says UBS following BP’s ...   more »

View Article  Dow Jones Newswires: Shell: Monitoring Tropical Storm Chris ‘Closely’

NEW YORK (Dow Jones)–Royal Dutch Shell PLC (RDSB.LN) said Wednesday it was monitoring Tropical Storm Chris “closely” as the weather ...   more »

View Article  Dow Jones Newswires: Russia Reports Small Oil Spill At Exxon Pipe In Sakhalin

MOSCOW -(Dow Jones)- Russia’s Natural Resource Ministry Monday said it had recorded an oil spill in the east of the ...   more »

View Article  Dow Jones Newswires: Shell Aims To Complete Sakhalin Swap By End '06
MOSCOW -(Dow Jones)- Royal Dutch Shell PLC (RDSA) aims complete the swap of a stake in its Sakhalin-2 project for assets belonging to Russian natural gas giant OAO Gazprom (GSPBEX.RS) by the end of the year, Shell chief executive Jeroen Van der Veer said in an interview with Russian newspaper Vedomosti published Tuesday.    more »
View Article  Re: 'Dow Jones Newswires story: Shell Brazil To Export 150M Ltrs Of Ethanol To US In '06'
Its high time the people have to act as responsible citizens. Anyone there wants to a better idea about the whole issue of MTBE and MTBE LITIGATION do follow the link.   more »
View Article  Dow Jones Newswires: Turnaround At Shell’s Pernis Refinery Ended - Traders
A turnaround at Royal Dutch Shell PLC’s (RDSB.LN) 420,000-barrel-a-day Pernis refinery in the Netherlands has ended, trading sources said Tuesday.   more »
View Article  Royal Dutch Shell Plc .com: Rosneft Courts Share Buyers
From THE WALL STREET JOURNAL: By BENOÎT FAUCON: BP PLC of the U.K., Anglo-Dutch major Royal Dutch Shell PLC; India’s Oil & Natural Gas Corp., or ONGC; China Petrochemical Corp., or Sinopec; and China National Petroleum Corp. are among the companies that have been offered a large share of Rosneft’s IPO, said people involved in both sides of the talks.   more »
View Article  MarketWatch/Dow Jones Newswires: House panel subpoenas Shell in US Gulf royalty probe
The subpoena went to John Hofmeister, the head of Shell's U.S. division, the aide said. "We assume they're going to show up tomorrow," said the aide. "They've been issued a subpoena to show up."    more »
View Article  Dow Jones Newswires: Tullow Oil Spikes; Approach Talk Dismissed
Tullow Oil has said it was not aware of any approach, while Royal Dutch Shell declined to comment...   more »
View Article  Dow Jones Newswires: Shell Brazil To Export 150M Ltrs Of Ethanol To US In '06
The Brazilian unit of Royal Dutch Shell (RDSB.LN) in early June started to export ethanol from Brazil to the United States, a company press official said Tuesday.   more »
View Article  Dow Jones Newswires: Shell Shuts Nigeria Plant After Attack
Shell Petroleum Development Company of Nigeria, a unit of Royal Dutch Shell PLC (RDSB.LN), has shut down its Cawthorne Channel gas plant in the eastern Niger Delta following an attack by armed men early Wednesday morning, a company official told Dow Jones Newswires.    more »
View Article  Dow Jones Newswires: Shell Makes Natural Gas Discovery in the North Sea
Royal Dutch Shell PLC (RDSA) said Wednesday it has found around 3 billion cubic meters of natural gas, or 18 million barrels of oil equivalent, in two North Sea blocks.    more »
View Article  MarketWatch: Shell won't pay Nigeria environmental damages pending appeal
Militant groups, led by the Movement for the Emancipation of the Niger Delta, or MEND, have attacked oil and gas facilities in the delta over the past six months that have cut almost a quarter of Nigeria's typical daily output. Most of the attacked facilities belong to Shell.    more »
View Article  Dow Jones Newswires: Shell China Proj Prompts 2,700 Households To Be Resettled
LONDON (Dow Jones)--More than 2,700 Chinese households had to be resettled due to the construction of the Nanhai petrochemicals complex, its part owner Royal Dutch Shell PLC (RDSB.LN) said in a report Tuesday.   more »
View Article  RIGZONE.com: Shell to Spend $1.55 Billion to End Gas Flare in Nigeria
Shell Petroleum Development Company of Nigeria, a unit of Royal Dutch Shell PLC (RDSB) (RDSB.LN) says it will spend an additional $1.55 billion to end gas flaring from its operations in Nigeria.   more »
View Article  FWN Financial News: NW Shelf China Gas Deal Burns A$20 Billion
A landmark gas contract with China stands to cost Australia's biggest natural resources project up to A$20 billion (US$14.3 billion) in lost sales due to contractual terms that fail to account for the increase in oil prices to record levels, the Australian Financial Review reported Friday. The North West Shelf partners are Woodside, BHP Billiton, BP, Chevron, Shell, and Japan Australia LNG, which is an equal joint venture between Japan's Mitsubishi Corp. and Mitsui & Co. CNOOC is also a member of the venture but doesn't have an interest in the North West Shelf's infrastructure.    more »
View Article  Yahoo! News: NZ PRESS: Shell, Todd Energy Dismiss New Maui Well Talk
WELLINGTON (Dow Jones)--The New Zealand unit of Royal Dutch Shell Plc (RDSA) and privately owned Todd Energy are dismissing speculation they may get 20 years of gas from further drilling of the Maui oil and gas field, the Dominion Post newspaper reported on its Web site Monday.    more »
View Article  Dow Jones Newswires: Plaintiffs Seek To Include Non-US Holders In Shell Suit
The motion, filed with a New Jersey court, says the plaintiffs want to appoint Peter Wood, a U.K. citizen resident in Andorra, as a representative for all non-U.S. shareholders who would join the case. The lawsuit is formally against Royal Dutch Petroleum Co. and Shell Transport and Trading PLC, Shell's former dual parent companies which last year unified into a single structure.   more »
View Article  Beurs.nl: FOCUS: Oil Cos Face Challenges Obtaining New Reserves
And despite reporting a record fourth-quarter net profit on Feb. 2, Anglo-Dutch major Royal Dutch Shell PLC (RDSA) said it had replaced just 60% to 70% of its 2005 production, excluding mineable reserves from Canada's Athabasca Oil Sands.    more »
View Article  ShellNews.net: Dow Jones threats against Royal Dutch Shell Plc .com
My son asked whether Shell had brought this matter to the attention of The Wall Street Journal or Dow Jones & Company and that you replied that this was not pertinent. I can understand that this would not be a matter of interest to you but if there is further correspondence, I would be grateful for confirmation on this point.    more »
View Article  Dow Jones Newswires: Shell In Talks With Iraq Govt On Oil Contracts
DUBAI (Dow Jones)--Royal Dutch Shell PLC (RDSA) has approached the Iraqi oil ministry to explore options for a contract to help the country double output at a field in the oil-rich south, oil officials told Dow Jones Newswires.    more »
View Article  Dow Jones Newswires: Total Replacement Ratio Puts It In Front
"While the Oil & Gas sector is following its US counterpart down today on weaker crude prices, look to Total's superb 120% reserve replacement ratio. This clearly sets Total apart from Royal Dutch Shell or Repsol, both of which are struggling along with ExxonMobil and ChevronTexaco to replace current production."    more »
View Article  Dow Jones Newswires: BP Sees Replenished Reserves 100% On UK Reporting Basis
LONDON -(Dow Jones)- BP said Tuesday that it had replenished reserves by 100% on a U.K. reporting basis and 95% under SEC rules which take account of year-end prices, giving it a proven reserve base of over 18bn barrels of oil and gas equivalent at end-2005.   more »
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