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Posts from ‘April, 2005’

Sydney Morning Herald: Oil price surge fires up Shell

Sydney Morning Herald: Oil price surge fires up Shell By Christopher Hope April 30, 2005 Shell, the oil and gas giant which is trying to recover its reputation after last year’s reserves scandal, posted a 48 per cent jump in first-quarter profits as a result of the surging oil price and high refining margins. However, […]

DAILY MAIL (UK): Shell fuels controversy as profits soar by 42pc

DAILY MAIL (UK): Shell fuels controversy as profits soar by 42pc Posted 30 April 05 By Brian O’Connor SHELL and Exxon Mobil made huge profits in the quarter to March, bringing fresh protests from motorists and consumer groups squeezed by soaring oil prices. Fears for the world economy continued as US crude prices, which briefly […]

DAILY TELEGRAPH (UK): White knuckle ride on the fuel rollercoaster

DAILY TELEGRAPH (UK): White knuckle ride on the fuel rollercoaster (Filed: 30/04/2005) Brent prices hit highs and plumb the depths, so should you go for BP and Shell, or spread the risk, asks Ian Cowie Up and down we go: should you ride the oil price rollercoaster? Rising oil prices helped energy funds easily beat […]

THE NEW YORK TIMES: East Timor, Australia Make Breakthrough on Gas Dispute

THE NEW YORK TIMES: East Timor, Australia Make Breakthrough on Gas Dispute 30 April 05 By REUTERS MELBOURNE (Reuters) – Tiny East Timor has agreed to shelve talks on a permanent sea border with Australia in exchange for billions of dollars in revenues from yet-to-be developed offshore gas fields, Australia’s top negotiator said on Friday. […]

THE WALL STREET JOURNAL: Statoil Bets on Finding Oil

THE WALL STREET JOURNAL: Statoil Bets on Finding Oil 30 April 05 Unlike Rivals, Norwegian Firm Spends More On Exploration By CHIP CUMMINS Staff Reporter of THE WALL STREET JOURNAL After taking the helm last summer at Statoil ASA, Norway’s biggest oil producer, Helge Lund made an unusual move. The chief executive increased planned outlays […]

THE WALL STREET JOURNAL: Shell Canada Shareholders OK Three-for-one Share Split

THE WALL STREET JOURNAL: Shell Canada Shareholders OK Three-for-one Share Split April 05 DOW JONES NEWSWIRES CALGARY — Shell Canada Ltd. (SHC.T) shareholders have approved a 3-for-1 share split of its outstanding common shares, which will apply to all shareholders of record as of June 23. In a news release, Shell Canada said its shareholders […]

EDMONTON SUN: Shell eyes expansion

EDMONTON SUN: Shell eyes expansion 30 April 05 TIMOTHY LE RICHE, EDMONTON SUN Shell yesterday applied for a more than $4-billion expansion that is sure to raise the spectre of cost overruns and labour shortages. On the other hand, a majority of the project spending will provide another energy boost to the Edmonton and Fort […]

The Globe & Mail (Canada): Shell seeks to double Athabasca oil sands production

The Globe & Mail (Canada): Shell seeks to double Athabasca oil sands production By BILL GRAVELAND Saturday, April 30, 2005 Page B2 Canadian Press CALGARY — Shell Canada Ltd. has filed regulatory applications to double current production at its Athabasca Oil Sands Project, but shareholders are being warned it will come at a cost to […]

THE WALL STREET JOURNAL: Shell Canada Files Regulatory Applications For Oil Sands Expansion Project

THE WALL STREET JOURNAL: Shell Canada Files Regulatory Applications For Oil Sands Expansion Project 30 April 05 DOW JONES NEWSWIRES CALGARY — Shell Canada Ltd. (SHC.T) has filed regulatory applications to expand capacity at both the Muskeg River Mine and Scotford Upgrader, which together make up the Athabasca Oil Sands Project in Alberta. Shell Canada […]

THE WALL STREET JOURNAL: Exxon and Shell Profits Surge even as Oil Production Declines

THE WALL STREET JOURNAL: Exxon and Shell Profits Surge even as Oil Production Declines 30 April 05 By JEFFREY BALL and CHIP CUMMINS Staff Reporters of THE WALL STREET JOURNAL Exxon Mobil Corp. and Royal Dutch/Shell Group both reported huge increases in first-quarter income, benefiting from the industrywide bonanza also swelling the coffers of their […]

Financial Post (Canada): Pipeline work halt no bluff, big oil says

Financial Post (Canada): Pipeline work halt no bluff, big oil says 30 April 05 CALGARY – The decision to grind the giant Mackenzie Valley pipeline project to a halt is not posturing on the part of big oil companies, but a warning the project is threatened, two key project partners said yesterday. Hal Kvisle, chief […]

APRIL 2005 ROYAL DUTCH SHELL NEWS HEADLINES

APRIL 2005 ROYAL DUTCH SHELL NEWS HEADLINES Friday, 1 April 2005 THE WALL STREET JOURNAL: Shell Is in Settlement Talks Over Oil Reserves Scandal: “Royal Dutch/Shell Group said it is in settlement talks on some of the class-action litigation unleashed after it was forced to reclassify its oil reserves.” (ShellNews.net) 1 April 05 Daily Mail […]

Lloyds List: LNG lifts Shell earnings by 29%

Lloyds List: LNG lifts Shell earnings by 29% Martyn Wingrove Apr 29, 2005 RECORD sales of liquefied natural gas and higher output from three LNG projects helped boost Royal Dutch/Shell’s earnings by 29% to $5.5bn in the first quarter. The Anglo-Dutch oil supermajor had a 15% rise in LNG sales volumes to 2.88m tonnes in […]

FINANCIAL TIMES: Lex: Marathon task: “Shell’s reserves problem remains”

FINANCIAL TIMES: Lex: Marathon task: “Shell’s reserves problem remains” 29 April 05 In the 1960s film The Loneliness of the Long Distance Runner, the protagonist toiled across rough terrain as punishment for prior transgressions. Shell must know how he felt. Since last year’s initial reserves downgrade, the Anglo-Dutch oil major has made big strides in […]