Word: shelling
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...Corduff is just back from The Hague, where he'd gone to the centennial AGM of the Anglo-Dutch oil giant Shell to berate the company over its plans to run a six-mile high-pressure gas pipeline through his neighborhood. The pipe would connect the massive Corrib gas field, 50 miles out to sea, to a 400-acre refinery being built in nearby Ballinaboy. When Shell's surveyors first showed up on his land in 2000, Corduff showed them the gate. By the time they returned in June 2005, armed with a compulsory purchase order, a court injunction...
...passive resistance: When a Shell worker made for his field to start pegging out the pipeline route, Corduff was having none of it: "I said 'If he goes in, I'm going in and if he's better than me he'll come out and if I'm better than him, I'll come out.' " Corduff was arrested and, along with four other local landowners, hauled before a judge 200 miles away in Dublin who, at Shell's insistence, imprisoned the men for contempt of court for violating the injunction against interfering with work on the pipeline. After...
...small victory for the Rossport campaigners, a court ruled Shell's original pipeline route was no longer legally enforceable, forcing the company to find an alternate route. But it is already forging ahead with construction on its Ballinaboy plant, which has now become the focus of the protesters' war of attrition...
...provider Baker Hughes keeps a monthly tally of how many rigs are active around the world, and the rig count peaked at 6,227 in December 1981. In April of this year it was just 2,836. But ExxonMobil is the most cautious of the lot. Slightly smaller rival Shell spent 25% more on capital and exploration in 2006, and the other oil majors spent more than ExxonMobil relative to their size. The Dallas-based industry leader still reports that its oil and gas reserves are growing. But recent gains have been modest, and most have been in natural...
...Shell and BP have taken bigger risks than ExxonMobil in this latter zone, with mixed results. And while the state-owned companies appear to have lots of oil, they're generally less adept at getting it out of the ground quickly than the private Western oil giants. All of which appears to mean that today's gasoline prices, unlike those of the 1980s, won't be returning to earth anytime soon...