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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 […]

FINANCIAL TIMES: Shell investors in line for extra windfall

FINANCIAL TIMES: Shell investors in line for extra windfall By James Boxell Published: April 29 2005 Royal Dutch/Shell could return more money to shareholders than expected this year if oil prices remain more than $50 a barrel. The Anglo-Dutch energy company yesterday followed the lead of BP, its bigger rival, by reporting record profit of […]

The Guardian: Shell beats forecasts with 28% rise in profits

The Guardian: Shell beats forecasts with 28% rise in profits Terry Macalister Friday April 29, 2005 Shell plans to hand over $15bn (£7.9bn) to investors through dividends and share buybacks this year after beating City forecasts with a 28% rise in first-quarter profits. The strong results came on the back of soaring oil and gas […]

THE TIMES: Shell trumpets oil finds as profits soar 28%

THE TIMES (UK): Shell trumpets oil finds as profits soar 28%  29 April 05 By Mike Verdin, Times Online Higher crude and chemical prices have helped Royal Dutch/Shell report a 28 per cent rise in profits, with the oil giant noting “encouraging” results in a drilling drive launch to increase a weak level of reserves. […]

DAILY TELEGRAPH: Shell leaps 48pc on buoyant oil price

DAILY TELEGRAPH: Shell leaps 48pc on buoyant oil price By Christopher Hope, Business Correspondent (Filed: 29/04/2005) Shell, the oil and gas giant which is trying to recover its reputation after last year’s reserves scandal, yesterday posted a 48pc jump in first-quarter profits on the back of the surging oil price and high refining margins. However […]

THE TIMES: Shell profits surge 28% despite production fall

THE TIMES (UK): Shell profits surge 28% despite production fall By Carl Mortished, International Business Editor April 29, 2005    SHELL pleased its investors yesterday with unexpectedly strong quarterly earnings, helped by high oil prices and refining margins. Profits for the first three months of the year on a current cost basis were up 28 […]

THE TIMES: Shell must stop tinkering and start delivering fast

THE TIMES (UK): Shell must stop tinkering and start delivering fast 29 April 05 By Jenny Davey Tempus    A QUARTERLY earnings report from Shell unsullied by news of reserves downgrades is a welcome development, but yesterday’s figures gave investors few clues about how the company will substantially raise its game. Shell made a bundle […]

THE INDEPENDENT (UK): Shell profits surge despite cut in production

THE INDEPENDENT (UK): Shell profits surge despite cut in production By Michael Harrison Business Editor 29 April 2005 Royal Dutch/Shell reported record first-quarter profits yesterday of $5.5bn (£2.9bn) despite a sharp fall in oil production as output declined from some of its ageing fields. The 29 per cent increase comfortably outstripped analysts’ forecasts and came […]

Royal Dutch Shell News Thursday, 28 April 2005

Royal Dutch Shell News Thursday, 28 April 2005 FINANCIAL TIMES: Lex live: Royal Dutch/Shell: “…that pesky reserves problem is not going away.”: “Shell will need to keep running just to stand still” (ShellNews.net) 28 April 05 IPE.com (UK): Shell studies worldwide pension consolidation: “Oil giant Royal Dutch/Shell is running a feasibility study on the possibilities […]

Royal Dutch Shell News Wednesday, 27 April 2005

Royal Dutch Shell News Wednesday, 27 April 2005 FINANCIAL TIMES: Shell and Oman fall out on oilfield deal: “News of the disagreement between the Omanis and Shell over the best way to extract more from the field will be a blow to the group’s prestige in a key country. Shell is recovering from last year’s […]

Royal Dutch Shell News Tuesday, 26 April 2005

Royal Dutch Shell News Tuesday, 26 April 2005 LONDON EVENING STANDARD: Shell hit by Gulf setback: “SHELL, still reeling from the scandal of its overstated reserves last year, today found its attempts to look for new oilfields around the world has hit problems in the Gulf.”: “Shell is a 34% investor in Petroleum Development Oman… […]

Royal Dutch Shell News Monday, 25 April 2005

Royal Dutch Shell News Monday, 25 April 2005 THE NEW YORK TIMES: Natural Gas Makes Qatar Richest Country: “In 1971, when Shell’s prospectors found the gas bubble while drilling for oil offshore, gas was seen as a useless byproduct, flared off when recovering oil.”: “The world has changed since then. Demand for clean-burning gas for […]

Royal Dutch Shell News Sunday, 24 April 2005

Royal Dutch Shell News Sunday, 24 April 2005 THE BUSINESS (EU): Record profits over for oil’s biggest three: “Royal Dutch/Shell is expected to post net income of $4.7bn (£2.4bn, €3.6bn) on Thursday, shy of the $5.2bn UK record it set at February’s fourth-quarter results.” (ShellNews.net) 24/25 April 05 THE INDEPENDENT ON SUNDAY (UK): The week […]

Royal Dutch Shell News Saturday, 23 April 2005

Royal Dutch Shell News Saturday, 23 April 2005 THE WALL STREET JOURNAL: Venezuela Tax Chief: New Tax For Oil Cos Began This Week: “The tax hike will affect a number of foreign companies including ChevronTexaco and Royal Dutch Shell, among others.” (ShellNews.net) Posted 23 April 05 The Guardian (UK): Hauliers plan fuel protest over tax: […]

Royal Dutch Shell News Friday, 22 April 2005

Royal Dutch Shell News Friday, 22 April 2005 sify.com (India): Shell-Total begins Hazira LNG terminal:” The company sold the first gas from the terminal to Gujarat State Petroleum Corporation (GSPC) today, Marc den Hartog, Shell India Director (Gas and Power), said.” (ShellNews.net) 22 April 05 Convenience Store News: Shell Offers Operators a Break on Credit-Card […]

Royal Dutch Shell News Thursday, 21 April 2005

Royal Dutch Shell News Thursday, 21 April 2005 San Diego Union Tribune: Shell warns oil producers on Chinese, Indian deals (ShellNews.net) 21 April 05 La Source (Australia): SHELL AND FERRARI TOGETHER FOR ANOTHER FIVE: “Shell has been involved with Ferrari since 1950…” (ShellNews.net) 21 April 05 WALL STREET JOURNAL: Shell: Group Net Income Up $358M […]

Royal Dutch Shell News Wednesday, 20 April 2005

Royal Dutch Shell News Wednesday, 20 April 2005 LONDON EVENING STANDARD: SAIC to link up with Shell: “SHANGHAI Automotive Industry Corporation (SAIC), which walked away from rescuing MG Rover, is to form a joint venture with oil giant Shell setting up a car maintenance business across China.” (ShellNews.net) Posted 20 April 05 FINANCIAL TIMES: Fear […]

Royal Dutch Shell News Tuesday, 19 April 2005

 Royal Dutch Shell News Tuesday, 19 April 2005 Lloyds List: Further Shell gas find off Malaysia: “SHELL has discovered more gas off the northeast coast of Peninsular Malaysia with the Bumi South well and is considering a multi-field development.” (ShellNews.net) 19 April 05 Yahoo! Business News: Woodside says Shell stake may become less relevant: “Speculation […]

Royal Dutch Shell News Monday, 18 April 2005

Royal Dutch Shell News Monday, 18 April 2005 THE NEW YORK TIMES: Shell’s Jiffy Lube Chain Rolls Into China: “Royal Dutch/Shell Group and China’s top car maker aim to open 600 of Shell’s Jiffy Lube maintenance outlets in China by 2015…”: “Shell executive vice president David Pirret told reporters on Monday the partners hoped in […]

Royal Dutch Shell News Sunday, 17 April 2005

Royal Dutch Shell News Sunday, 17 April 2005 THE SUNDAY TELEGRAPH (UK: ‘Shell will be the better for its trauma': “The group has some way to go before it regains the trust of investors, following the furore sparked by last year’s disclosures about its massive overstatement of oil reserves. Despite being fined by regulators and […]

Royal Dutch Shell News Saturday, 16 April 2005

Royal Dutch Shell News Saturday, 16 April 2005 BLOOMBERG: Iran Expects to Win Bid for Basell in a Month, Official Says (ShellNews.net) 16 April 05 THE WALL STREET JOURNAL: Shell Shuts Down Brent Alpha Gas Output Over Leak (ShellNews.net) Posted 16 April 05 Petroleum News: Shell Oil tests new oil shale technology: “With crude oil […]

Royal Dutch Shell News Friday, 15 April 2005

Royal Dutch Shell News Friday, 15 April 2005 Guardian Weekly (UK): Shell moves Sakhalin pipeline but protests continue: “Shell is facing yet more environmental protests over its controversial $12bn oil and gas pipeline off the east coast of Russia.” (ShellNews.net) 15 April 05 FT: BP plays and wears it back to front: “Even Shell, which […]

Royal Dutch Shell News Thursday, 14 April 2005

Royal Dutch Shell News Thursday, 14 April 2005 DAILY TELEGRAPH (UK): One Shell of a fight against poverty: “The pictures in its London headquarters pretty much tell the story like it was. The clear country roads, the open top sports car and always the reassuring catch line: “You can be sure of Shell”. Not any […]

Royal Dutch Shell News Wednesday, 13 April 2005

Royal Dutch Shell News Wednesday, 13 April 2005 jamaica-gleaner.com: Protesting Shell workers call in sick: “They are protesting what they say is the management’s method of operating the company.” (ShellNews.net) 13 April 05 THE INDEPENDENT (UK): Shell pledges £1m to revamp Festival Hall (ShellNews.net) 13 April 05 FINANCIAL TIMES: Regulators must not abandon corporate penalties: […]

Royal Dutch Shell News Tuesday, 12 April 2005

Royal Dutch Shell News Tuesday, 12 April 2005 Russian News And Information Agency RIA Novosti: GAZPROM TO GET STAKE IN SAKHALIN-2: “Gazprom and Shell are about to make an agreement on granting Gazprom a stake in the Sakhalin-2 project…” (ShellNews.net) 12 April 05 Washington Times: Russia extends license of Shell subsidiary: “A Russian subsidiary of […]

Royal Dutch Shell News Monday, 11 April 2005

Royal Dutch Shell News Monday, 11 April 2005 Reuters: Shell wants level playing field in Russia: “Royal Dutch/Shell Group has called on the Kremlin not to discriminate against foreign oil companies when it awards contracts to exploit the nation’s oil resources.” (ShellNews.net) 11 April 05 Yahoo Business News: Royal Dutch/Shell says held ‘very positive talks’ […]

Royal Dutch Shell News Sunday, 10 April 2005

Royal Dutch Shell News Sunday, 10 April 2005 THE BUSINESS: State oil firm loses out on US bid: “CHINESE state oil firm Cnooc’s sudden departure from the bidding war over US oil firm Unocal in favour of ChevronTexaco’s $18.4bn (£9.8bn, €14.4bn) offer suggests that, however high they raise the stakes, buying a US company is […]