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Posts on ‘May 31st, 2005’


Lloyds List: Liquid gold Qatar leads the way with huge export projects

Lloyds List: Liquid gold Qatar leads the way with huge export projects

31 May 2005

‘THERE is Qatar and there is everyone else,’ is now a common statement in the LNG industry.

And no wonder. Qatar and its oil major partners are raising the industry benchmark with their huge projects to export gas to the UK and US, notably through the largest ships and liquefaction trains ever built.

Within the next three years, this tiny nation will become the world’s largest exporter of LNG, thanks to the series of RasGas and Qatargas projects. Not long after that, Qatar Gas Transport (Nakilat) will take over the mantle as the world’s leading LNG shipping company. read more

Lloyds List: Two newbuilds boosts Shell’s fleet to 20

Shell India wins Golden Peacock Award

India (India): Shell India wins Golden Peacock Award

 31 May 2005

Shell India announced on Monday that it has been declared a winner of the prestigious ‘Golden Peacock Eco-Innovation Award 2005’ by the World Environment Foundation (WEF). The award recognizes the innovative environmental features and technologies deployed at Shell fuel retail stations, including double-walled fibre-glass storage tanks, leak-proof piping, impervious forecourts and oil-water interceptors.

Vikram Singh Mehta, Chairman, Shell Group of Companies, India, said, “We are honoured by the Award and gratified that the eco-friendly technology and practices deployed in our retail business are welcomed by society. This award is a recognition of sustainable development, which is at the heart of ‘the way we do business’ in Shell.” read more

Flying J and Shell Canada open first co-branded travel plaza in Alberta

Flying J and Shell Canada open first co-branded travel plaza in Alberta

CALGARY, May 30 /CNW/ – Flying J Inc, a privately held U.S. corporation

based in Ogden, Utah, and Shell Canada Limited, an integrated oil and gas

company based in Calgary, Alberta announced today that they are opening their

first co-branded travel plaza in western Canada on Tuesday, June 7, 2005. The

travel plaza site, the first Flying J site in Canada offering Shell branded

gasoline, is located on 20 acres just east of Edmonton, Alberta in Sherwood

Park on the Yellowhead Highway, a major trans-Canada transportation route for read more

Shell Stations Cater to Entertainment

Convenience Store News: Shell Stations Cater to Entertainment-Starved Customers 

31 May 2005 

LOS ANGELES — Select Shell Oil stations in the Los Angeles area will debut the VST Media Network, offering news, sports and entertainment to drivers while they fill their tanks. VST partnered with two independent Los Angeles-based Shell dealers: Pacific Fuels and C.A.R. Enterprises Inc.

The system from VST Media Inc. runs paid advertising in addition to reporting news, sports and entertainment, plus movie trailers, public service announcements and emergency alerts. It runs over a high-speed, centrally managed network that provides regular updates to the programming at the pumps. When the pumps are not in use, screens cycle through a series of on-site promotional offerings. Lifting the fuel nozzle from the dispenser triggers the start of a two- to three-minute programming loop, matched to the average consumer fueling time. The loop features a maximum of six 15-second ads. read more

Lloyds List: Many new producers preparing ground to get in on the act

Lloyds List: Many new producers preparing ground to get in on the act

31 May 2005

WITH so much excitement surrounding the LNG industry, it is easy to overlook the fact that the two nations with the world’s largest gas reserves, Russia and Iran, have yet to export a cargo by ship between them.

Indeed, during the next 10 to 15 years, experts expect 10 or 11 new exporting countries to join the dozen that are already in the industry.

In addition, many of the countries that are already exporting LNG are planning to expand their production dramatically. read more

Shell accused over tax on UK investors

THE TIMES (UK): Shell accused over tax on UK investors

May 31, 2005 

By Gary Duncan 

SHELL yesterday faced accusations of unfairly inflicting heavy bills for capital gains tax on some British investors who hold shares in the Dutch arm of the oil giant.

Under Shell’s impending restructuring, shareholders in the British and Dutch arms of the group are to be issued with new shares in Royal Dutch Shell, an entity formed from the combination of the two.

However, Angela Knight, chief executive of the Association of Private Client Investment Managers, says several thousand mainly small UK investors in Royal Dutch will lose out. She says the Shell scheme is tax-neutral for shareholders in Shell Transport and Trading, and for Dutch and American investors in Royal Dutch Shell, but she had found that UK shareholders in the Dutch part of the group face an unavoidable capital gains charge. read more

Call for Shell to alter its plan to unify

FINANCIAL TIMES: Call for Shell to alter its plan to unify

31 May 2005

By Clay Harris

Royal Dutch/Shell should modify its unification proposals to minimise the potential tax burden on a relatively small group of individual shareholders in the UK, an investment industry leader said yesterday.

Under the scheme due to be considered by shareholders next month, UK holders of Royal Dutch who accept shares in the new unified Royal Dutch Shell will be treated as if they had disposed of their old shares, giving rise to a potential capital gains tax (CGT) liability. read more

Shell to Start Talks With Nigeria, Ogoni Activists

THE WALL STREET JOURNAL: Shell to Start Talks With Nigeria, Ogoni Activists



May 31, 2005; Page A7

LONDON — Royal Dutch/Shell Group will start reconciliation talks with the Nigerian government and representatives from Ogoniland that could lead to its return to Nigeria’s oil-rich region and could help resolve one of the worst chapters of Shell’s history in that nation.

Shell left the region in 1993, following violent protests there. The ensuing government crackdown led to the execution of Ogoni activist Ken Saro-Wiwa. read more

Huge tax bills for Royal Dutch investors from Shell merger

Daily Telegraph: Huge tax bills for Royal Dutch investors from Shell merger 

By Paul Farrow (Filed: 31/05/2005)

Hundreds of British shareholders in Royal Dutch Petroleum face huge capital gains tax bills when it merges with Shell Transport & Trading.

Last week, the oil giant announced the timetable for this deal. If, as expected, the proposals are accepted, investors will exchange existing shares for shares in the new company on July 20.

The vast majority of shareholders will not have to pay any tax when the shares are exchanged. British Shell Transport & Trading shareholders qualify for rollover relief and will only be liable for CGT as and when they dispose of their shares in future. read more

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