Shell Oil

London, 2 July 2008 -- JPMorgan today announced an agreement with Shell Asset Management Company (SAMCo), the asset management arm of Royal Dutch Shell, enabling a global provision to service Shell corporate pension and insurance plans with total assets in excess of $70 billion. With this relationship, JPMorgan launches a range of sophisticated services for SAMCo and participating Shell pension funds, including fund accounting, fund administration and certain securities lending services all from segregated and/or pooled accounts that will prove to be a new market milestone.    » read more »

Shell, Army to pay $35 million for area projects in Colorado’s largest environmental settlement to date

05/29/2008 -- (DENVER) – Colorado Attorney General John Suthers and Governor Bill Ritter today announced the settlement of Colorado’s quarter-century-old claim for natural resource damages at the Rocky Mountain Arsenal Superfund site.

Rocky Mountain Arsenal: Photo by Patrick Michael McLeod (CC)    » read more »

WASHINGTON -- May 21, 2008 – Senate Judiciary Committee Chairman Patrick Leahy (D-Vt.) convened a hearing this morning to examine the explosive rise in oil prices in recent months. The hearing featured testimony from executives of five major oil companies – ExxonMobil, ConocoPhillips, Chevron, BP America and Shell.

Exxon building, Houston, Texas: Photo by Tom Haymes (CC)    » read more »

Washington, D.C. -- May 21, 2008 -- Senator Arlen Specter (R-Pa.), Ranking Member of the Senate Judiciary Committee, today questioned the top oil industry executives on the skyrocketing price of oil at a Senate Judiciary Committee hearing.

In his opening remarks, Senator Specter noted the primacy of the problem:

Gas prices, May 2008: Photo by aaron@digtialcole (CC)

“We are obviously in a crisis, national, international, with the escalating costs of oil and the intolerable prices of gasoline at the pump. It's important that we bear all of our resources to try to figure out what to do about it.”    » read more »

Friday, February 8, 2008 -- New seafaring jobs on Liquified Natural Gas (LNG) vessels will go to Americans licensed as ships’ officers under an agreement reached between the U.S. Department of Transportation (DOT) and the Shell International Trading Company.

Under the agreement, Shell becomes one of the first major oil producers to actively recruit American seafarers for its growing fleet of 25 new LNG vessels, all of which will be put into service in the next four years.    » read more »

February 5, 2008, SAN FRANCISCO -- The U.S. Environmental Protection Agency (EPA) and Shell Oil Company have removed more than 23,000 pounds of hazardous toxins from the Del Amo Superfund Site Waste Pits near Torrance, Calif.

With EPA oversight, responsible parties Shell Oil Company and the U.S. General Services Administration built a soil vapor extraction system at the Del Amo Waste Pits and have been successfully operating it for one year. The system stops further contamination of area groundwater, a potential drinking water resource.    » read more »

12 November 2007 -- As the price of oil soars on world markets and demand for energy grows, energy companies are looking at so-called unconventional sources such as Canada's oil sands and the vast deposits of oil shale in the Rocky Mountain states. Geologists say half of the world's known oil shale lies deep underground in western Colorado, eastern Utah and southern Wyoming, amounting to more than one trillion barrels of potential oil. But this is rock, not liquid, and the very expensive trick is to convert it to useable liquid fuel.    » read more »