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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 […]