Royal Dutch Shell plc .com Rotating Header Image

Posts from ‘September, 2004’

Showa Shell discrimination against 64 employees

Kyodo News Service: The Tokyo Local Labor Relations Commission on Wednesday ordered Showa Shell Sekiyu K.K. and one of its affiliates to pay wages due to 64 employees and give promotions to 59 of them, ruling that they were discriminated against because of their labor union Posted Sep 30, 2004 The order, which came after […]

Royal Dutch/Shell quits selling ‘green’ electricity, moves customers to Eneco

AFX Europe (Focus): Royal Dutch/Shell quits selling ‘green’ electricity, moves customers to Eneco Posted 30 Sept 2004 THE HAGUE (AFX) – The Royal Dutch/Shell group is to stop selling ‘green’ electricity in the Netherlands and is transferring the service’s 60,000 customers to electricity distributor Eneco, according to a joint press release. No financial details were […]

Spiralling oil prices pumped up by marketplace ‘fear factor’

Lloyds List: Spiralling oil prices pumped up by marketplace ‘fear factor’ Nigerian unrest, Iraqi insurgency, Russian export problems and the effects of adverse weather conditions could lead to winter oil shortages, writes Martyn Wingrove Sep 30, 2004 AS OIL prices shoot over the psychological barrier of $50 a barrel, many experts are wondering how the […]

FTC Clears Magellan’s $492.4M Purchase Of Shell Assets

THE WALL STREET JOURNAL/DOW JONES NEWSWIRES: FTC Clears Magellan’s $492.4M Purchase Of Shell Assets “In June, Shell Oil Products agreed to sell its pipeline and storage assets in Texas, Oklahoma, Kansas and Colorado to Magellan for $492.4 million.” Posted 30 Sept 04 NEW YORK — The Federal Trade Commission approved Magellan Midstream Partners L.P.’s (MMP) […]

Shell Receives Permits to Start $600 Mln Gas Plant in Mexico

Bloomberg: Shell Receives Permits to Start $600 Mln Gas Plant in Mexico Posted 30 Sept 04 Royal Dutch/Shell Group and Sempra Energy received permits from Mexico for construction of a $600 million liquefied-natural gas terminal to process gas from Russia for sale locally and in California. “I understand all the permits are in order,” Peter […]

Shell Mulls Joining Shtokman Project

The Moscow Times: Shell Mulls Joining Shtokman Project “Royal Dutch/Shell is considering developing a gas field in the Barents Sea in a joint liquefied natural gas project with Gazprom, Shell said Wednesday.” Reuters Bas Czerwinski / AP Thursday, September 30, 2004. Page 5. AMSTERDAM — Royal Dutch/Shell is considering developing a gas field in the […]

NZ Watchdog Says May Revoke Pohokura Gas Marketing Deal-2

Yahoo/Dow Jones Newswires: NZ Watchdog Says May Revoke Pohokura Gas Marketing Deal-2 “Commission Chair Paula Rebstock said that Shell Exploration New Zealand and OMV New Zealand have informed the commission in April this year that the parties have decided to market gas from the field separately.” Thursday September 30 WELLINGTON (Dow Jones)–New Zealand’s Commerce Commission […]

Shell and its jv partners PCSB and ConocoPhillips make significant discoveries at Malikai-1

New Straits Times (Malaysia): The question of overlapping claims on two new oil and gas blocks offshore east Sabah does not arise, as the areas are solely within Malaysia’s jurisdiction, Foreign Ministry parliamentary secretary Datuk Zainal Abidin Osman said today.: “On Sept 22, Shell and its joint venture partners PCSB and ConocoPhillips made significant discoveries […]

Shell and Unocal pull out of a Chinese-led natural gas project

Kyodo News Service: Japan will continue exploring for natural gas resources despite Wednesday’s announcement by oil majors that they would pull out of a Chinese-led natural gas project in the East China Sea, the industry minister said Thursday. Shell and Unocal said their decision to withdraw was a result of a one-year period of appraisal. […]

Nigeria’s oil rebels fuel fears of global shortage

The Independent: Nigeria’s oil rebels fuel fears of global shortage “…the oil world is in crisis. And Nigeria is no exception.”: “A Shell official, who asked not to be named, said essential supplies were being airlifted to staff still in the area.”: “The battle for oil has commenced in Nigeria. Many other countries are looking […]

World economy held to ransom

Times Online: ANALYSIS: World economy held to ransom: What hope is there for global growth when political and economic developments have left power over the oil markets in the hands a few insurgents? By Mike Verdin Posted 30 Sept 04 Until now, the only stocks which bizarrely named rebel groups have been associated with have […]

Oil prices to ’cause global recession’

Times OnLine: Oil prices to ’cause global recession': “The Niger Delta People’s Volunteer Force, accusing Shell and Agip, the oil giants, of “collaboration with the Nigerian state in acts of genocide against our people”, advised the withdrawal of foreign citizens from the area.” By Steven Downes, Posted 30 September 2004 Purnomo Yusgiantoro, the president of […]

Nigerian troops prepare for oil war after rebels threaten attacks

The Times: Nigerian troops prepare for oil war after rebels threaten attacks “On Tuesday, Royal Dutch Shell, which produces half of Nigeria’s daily output, said that it had had to shut down one of its flow stations. It said that the decision had cost it 28,000 barrels a day of production.” By Jonathan Clayton in […]

ConocoPhillips to Buy Stake in Lukoil

THE WALL STREET JOURNAL: ConocoPhillips to Buy Stake in Lukoil “Meanwhile, the rush for a foot in the Russian door continued on other fronts yesterday as top executives at Royal Dutch/Shell Group met with Russian Prime Minister Mikhail Fradkov during his visit to The Hague.” By RUSSELL GOLD and GREGORY L. WHITE Staff Reporters of […]

Shell, Unocal pull out of Chinese venture

Financial Times: Shell, Unocal pull out of Chinese venture “Royal Dutch/Shell, the Anglo-Dutch oil group, and Unocal of the US have withdrawn from a gas exploration and development scheme in the East China Sea, the second time in two months western energy companies have walked away from a Chinese-led project.” By Mure Dickie in Beijing […]

Nigerian Oil Delta Peace Talks to Resume After Truce

THE NEW YORK TIMES: Nigerian Oil Delta Peace Talks to Resume After Truce “Nigeria’s top producer, Royal Dutch Shell Group, said it evacuated more than 200 workers from two oilfields located near fighting, and closed one flow station pumping 28,000 barrels per day.” By REUTERS Published: September 30, 2004 Filed at 5:03 a.m. ET ABUJA […]

SEPTEMBER 2004 ROYAL DUTCH SHELL NEWS

SEPTEMBER 2004 ROYAL DUTCH SHELL NEWS Wednesday 1 September, 2004 AllAfrica.com: $1.5bn Compensation: Shell to Sue Senate: “SHELL Petroleum Development Company (SPDC) Nigeria Limited may take the National Assembly to court if the Senate forces it to pay $1.5 billion compensation to Ijaw communities for alleged environmental degradation.” TELLSHELL: Comment by former Shell geologist Dr […]

Oil Continues Upward March

The Washington Post: Oil Continues Upward March “Royal Dutch/Shell Group of Cos… withdrew nonessential personnel from the Niger Delta, said Simon Buerk, a London-based spokesman for the company. Citing policy, Buerk would not say whether production in the country was reduced as a result of the personnel withdrawal.” Justin Blum and Nell Henderson Sep 29, […]

Nigerian militia threatens full-scale armed struggle in oil region

AP Worldstream: Nigerian militia threatens “full-scale” armed struggle in oil region “Donald Boham, a spokesman for Royal Dutch/Shell’s subsidiary, Shell Petroleum Development Company of Nigeria Ltd., said “we’re not really worried about the threats. But we have to watch the situation as it develops.” DULUE MBACHU Sep 29, 2004 Militiamen trying to wrest control of […]

Bloomberg: CNOOC to Develop Gas Field Without Unocal, Shell (Update1)

Bloomberg: CNOOC to Develop Gas Field Without Unocal, Shell (Update1) Sept. 29 (Bloomberg) — CNOOC Ltd., China’s biggest offshore oil and gas producer, said the withdrawal of Unocal Corp. and Royal Dutch/Shell Group from its East China Sea gas venture won’t prevent production from starting up on schedule by mid-2005. A group led by CNOOC […]

Unocal, Royal Dutch/Shell cancel East China Sea project

AFX Europe (Focus): Unocal, Royal Dutch/Shell cancel East China Sea project Sep 29, 2004 SAN FRANCISCO (AFX) — Unocal and Royal Dutch/Shell Group said late Tuesday that their subsidiaries have canceled five contracts to explore, develop and market natural gas resources in the Xihu Trough of the East China Sea. Unocal East China Sea, a […]

Violence in Nigeria forces Shell to cut output

Financial Times: Violence in Nigeria forces Shell to cut output By Michael Peel in Lagos and James Boxell in London Published: September 29 2004 Royal Dutch/Shell said yesterday it had suffered its first production loss as the result of violence in Nigeria’s oil-rich and troubled Niger Delta, where a militia leader has condemned oil multinationals […]

Oil gushes through $50 level for the first time

Daily Telegraph: Oil gushes through $50 level for the first time “Meanwhile, Shell staunchly refused to shut down production in Nigeria, despite threats from militants of an “all-time war” from Friday. Shell has evacuated 235 workers and has temporarily lost about 30,000-40,000 barrels of oil a day from the region.” By Malcolm Moore, Economics Correspondent […]

Nigerian Oil Delta Rebel Says Meeting Obasanjo

THE NEW YORK TIMES/REUTERS: Nigerian Oil Delta Rebel Says Meeting Obasanjo “A recent consultant report for Shell estimated that about 1,000 people die every year because of communal and political unrest in the delta, where the majority live in abject poverty despite the oil wealth under their soil”: “…his ideas are reminiscent of rebels such […]

Shell Says Chmn, E&P Head Met With Russian PM Wed

THE WALL STREET JOURNAL/DOW JONES NEWSWIRES: Shell Says Chmn, E&P Head Met With Russian PM Wed DOW JONES NEWSWIRES September 29, 2004 7:52 a.m. LONDON — Royal Dutch/Shell Group (RD, SC) said Wednesday its senior management met with Russian Prime Minister Mikhail Fradkov to discuss “growth opportunities” in the oil-rich nation. A spokesman for Shell […]

Russian PM To Talk To Shell About Shtokmanov – Interfax

THE WALL STREET JOURNAL/DOW JONES NEWSWIRES: Russian PM To Talk To Shell About Shtokmanov – Interfax DOW JONES NEWSWIRES September 29, 2004 2:35 a.m. MOSCOW — Russian Prime Minister Mikhail Fradkov said Tuesday that he will talk to representatives of Royal Dutch/Shell (RD) about the possibility of its investing in the Barents sea gas field […]

Nigerian violence pushes world oil prices to record

Daily Telegraph: Nigerian violence pushes world oil prices to record “Violent clashes between soldiers and militants in Nigeria pushed the oil price to record highs yesterday as Shell airlifted out its workers.”: “Supertanker charges have risen by close to 80pc in the past two weeks, allowing owners to get four times what they need to […]

Days of cheap oil over as prices reach record levels

The Scotsman: Days of cheap oil over as prices reach record levels “An industry source said that Shell has lost up to 40,000 barrels of daily oil production as violence swept across Nigeria’s Delta region.” CATRINA STEWART 28 Sept 04 GLOBAL oil prices neared $50 a barrel yesterday, as they climbed to their highest levels […]

Crude hits new highs on Nigerian fears

Financial Times: Crude hits new highs on Nigerian fears: “Crude oil hit $50 a barrel in after-hours trading in New York on Monday evening…”: “Royal Dutch/Shell Group said it had shut up to 40,000 barrels per day of oil production for security reasons. Shell last week evacuated 235 staff from two oilfields as government troops […]

Technology: Wanted: toolkit for global job ads

Financial Times: Technology: Wanted: toolkit for global job ads: “Shell, the multinational oil giant, had a multilateral problem.” Published: September 28 2004 Shell, the multinational oil giant, had a multilateral problem. It recruits across 145 markets worldwide and was having difficulty in creating a consistent global brand strategy. The scenario will be familiar to anybody […]

Nigerian fighting pushes oil price to record high

The Guardian: Nigerian fighting pushes oil price to record high “”Once again the security situation in Nigeria is proving to be a real concern,” said Simon Wardell, oil analyst at World Markets Research Centre in London.” Ashley Seager Tuesday September 28, 2004 World oil prices set record highs of almost $50 a barrel yesterday as […]

Shell unit purchase fuels DCC expansion

Financial Times: Shell unit purchase fuels DCC expansion: “DCC, the Irish sales and marketing group, has agreed to buy Shell Direct UK for €20.1m (£13.7m).” By Tim Digby Published: September 28 2004 DCC, the Irish sales and marketing group, has agreed to buy Shell Direct UK for €20.1m (£13.7m). The company said the business, which […]

Nigerian rebels: ‘All-out war’ to start Friday

MSNBC: Nigerian rebels: ‘All-out war’ to start Friday The rebel group’s leader, Mujahid Dokubo-Asari, accused Royal Dutch Shell, Nigeria’s largest oil producer… …of “collaboration with the Nigerian state in acts of genocide against our people.” Dutch, Italian oil companies accused of ‘genocide’ Posted Sept. 28, 2004 LAGOS, Nigeria – The Nigerian rebel group fighting government […]

Oil price soars over $50 a barrel

London Evening Standard: Oil price soars over $50 a barrel “The rebel group accused Royal Dutch Shell, Nigeria’s largest oil producer, and Italy’s Agip of ‘collaboration with the Nigerian state in acts of genocide against our people’.”: ‘We now think that crude oil could reach $61,’ warned investment bank Morgan Stanley. This Is Money 28 […]

Low Oil Inventories in U.S. Signal High Prices May Stay a While

THE WALL STREET JOURNAL: Low Oil Inventories in U.S. Signal High Prices May Stay a While “Royal Dutch/Shell Group, the largest operator in Nigeria, has withdrawn nonessential personnel from Nigeria’s southern petroleum regions. Nigeria produces about 2.4 million barrels a day of highly desirable, light, low-sulfur oil.” By BHUSHAN BAHREE Staff Reporter of THE WALL […]

Nigeria violence pushes oil price to new record

The Times: Nigeria violence pushes oil price to new record “Shell said it had removed some 200 non-essential workers from an area close to Soku, where the oil company has a hub facility that collects gas from oil wells across the region for delivery to Nigeria LNG, one of the world’s biggest gas liquefaction plants, […]

Shell could quit Niger Delta

London Evening Standard: Shell could quit Niger Delta “…“the latest outbreak of violence in Nigeria is simply the beginning of a civil war that could force Shell into a huge shake-up of its activities in the oil-rich country.”: “Shell’s links with Nigeria reached a low point nine years ago when Greenpeace said the giant had […]

Oil Nears $50 as Gulf Storms Curtail Output

THE NEW YORK TIMES: Oil Nears $50 as Gulf Storms Curtail Output “A spokesman for Royal Dutch/Shell, Andy Corrigan, said in London that Shell had evacuated 235 nonessential workers from the Port Harcourt region of Nigeria on Friday because of a “tense security situation.” By JAD MOUAWAD Published: September 28, 2004 Oil prices rose to […]

Oil Charges Over $50 on Nigeria Threat

THE NEW YORK TIMES/REUTERS: Oil Charges Over $50 on Nigeria Threat “Oil prices raced to new record highs above $50 on Tuesday as rebel threats against Nigerian oil facilities threatened to inflict further strain on global supplies.”: “Shell has already cut 30,000 to 40,000 bpd due to security curbs.: “U.S. crude stocks have fallen for […]

Shell Shuts Some Nigerian Oil Output as Tension Rises

Bloomberg: Shell Shuts Some Nigerian Oil Output as Tension Rises (Update1): “Violence in the Niger River delta, where Nigeria’s oil is produced, kills about 1,000 people a year, according to a confidential report funded by Shell.” Sept. 28 (Bloomberg) — Royal Dutch/Shell Group’s Nigerian venture, which pumps almost half the oil in Africa’s biggest oil […]