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Posts on ‘June 8th, 2005’

Forbes: Oil Stocks? Still?

Forbes: Oil Stocks? Still? Posted 8 June 2005 By Richard C. Morais, No, it’s not too late. In fact, there are some that are truly undervalued. Forget price/earnings ratios and book values. Look at the value of their reserves. Dadgummit. Missed buying oil stocks when West Texas Intermediate traded at $30 a barrel 18 months [...]

Shellshock on the island terrified by oil giant’s pipeline

The Independent: Shellshock on the island terrified by oil giant’s pipeline The UK firm will make billions from one of the world’s biggest gas projects. But what will it mean for the people and environment on Sakhalin? By Jonathan Brown 08 June 2005 They no longer let their children play in the woods beside the [...]

World’s biggest wind farm planned for London

The Independent: World’s biggest wind farm planned for London By Helen McCormack 08 June 2005 Plans have been submitted to build the world’s biggest wind farm in the Thames estuary. It is designed to generate enough electricity to supply a quarter of London homes. The complex, named the London Array, is predicted to cost Ł1.5bn [...]

Jackson Hole Star-Tribune: Shell donates $2 million

Jackson Hole Star-Tribune: Shell donates $2 million By JEFF GEARINO Southwest Wyoming bureau Wednesday, June 08, 2005 PINEDALE — Big Piney High School senior Ali Guio offered the first idea for how some of Shell Exploration and Production Co.’s $1 million gift should be spent. Like many teenagers, the 17-year-old Guio lamented that there aren’t [...]

Shell denies slowdown in setting up outlets

The Hindu (India): Shell denies slowdown in setting up outlets Wednesday 8 June 2005 Staff Reporter Company to maximise indigenous sourcing of products So far two outlets in Bangalore and one in Chennai Eco-friendly technologies Porur in Chennai being considered as site CHENNAI: Dutch oil major Shell, which has secured permission from the Centre to [...]

Oil nationalism

Financial Times: Oil nationalism By Brian Groom Published: June 8 2005 There is a flip side to high oil prices – even for the Seven Sisters. For if crude at above $50 a barrel continues to sustain the profitability of all the oil majors, it is steadily reinforcing nationalistic instincts among producing countries. This “reaffirmation [...]

Biggest wind farm could power one in four London homes

From the Financial Times, Wednesday 8 June 2005: Biggest wind farm could power one in four London homes By Fiona Harvey,Environment Correspondent Published: June 8 2005 A quarter of homes in London could benefit from wind power if the world’s biggest wind farm went ahead. The planning application for the 270-turbine London Array project was [...]

Shell to bring JJ into the tent

Financial Times: Shell to bring JJ into the tent By Clay Harris Published: June 8 2005 JJ Traynor, one of the UK’s better known oil analysts, will be looking at Royal Dutch/Shell’s reserves from the inside from now on. Shell yesterday told staff it had named Traynor vice-president for exploration and production business development support [...]