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June 15th, 2005:

Malaysia Star: Shell to open more petrol stations

Malaysia Star: Shell to open more petrol stations

Wednesday 15 June 2005

BY SHILING WOON

SHELL Malaysia plans to invest RM150mil to open 15 new petrol stations and upgrade the existing 830 outlets nationwide, said managing director Mohzani Wahab.

The new petrol stations will be in the Klang Valley, Penang and Johor.

“We plan to allocate RM8mil to set up each of the 15 new petrol stations,” Mohzani told reporters after the launch of Shell’s Don’t Fool With Fuel retail safety campaign by Domestic Trade and Consumer Affairs Minister Datuk Mohd Shafie Apdal in Petaling Jaya yesterday. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Shell whistleblower, Dr John Huong

ShellNews.net: Shell whistleblower, Dr John Huong, a Shell geologist of almost 30 years standing faces Shell in court today in his action for wrongful dismissal against his former employer

15 June 2005

By Alfred Donovan

Proceedings commenced yesterday, 14 June 2005 in the Industrial Court in Miri, Malaysia, in respect of an action brought by Dr John Huong, a former Shell geologist for almost 30 years. The case went to court after all other avenues of resolving his claim were exhausted. The case continues today.

The Malaysian High Court Injunction obtained by eight companies within the Royal Dutch Shell Group regarding revelations by Dr Huong posted on this website remains in force. Dr Huong’s appeal for the action to be dismissed on grounds that it was brought against him in the wrong legal jurisdiction is pending. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

The Guardian: ‘The boat is sinking’

The Guardian: ‘The boat is sinking’

15 June 2005

As our appetite for oil hastens climate change, who will speak out for the alternatives? One possible champion is Lord Ron Oxburgh, the distinguished geologist who also happens to be chairman of Shell. He tells Aida Edemariam why the time for complacency is over

Wednesday June 15, 2005

When Lord Ron Oxburgh visited the Hay festival a couple of weeks ago he arrived during a spell of weather best described as unsettled. A record-breakingly warm Friday was followed on Saturday by a wild, gusting wind and, in the festival marquees, a great howling and a flapping of canvas. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Exxon Mobil-led jv to develop Australia’s Kipper offshore gas field

AFX Europe (Focus): Exxon Mobil-led jv to develop Australia’s Kipper offshore gas field

Jun 15, 2005

SYDNEY (AFX) – Esso Australia, a subsidiary of Exxon Mobil Corp, said the partners in the Kipper gas field in Australia’s Bass Strait have agreed to develop the project, with first gas expected to flow into southern Australian markets in 2009.

Esso is the project operator, with an 32.5 pct interest under a revised equity agreement. BHP Billiton also holds 32.5 pct, while Woodside Petroleum Ltd, which is about one-third owned by Shell, has 21 pct and Santos Ltd 14 pct.

Esso said the project partners have agreed on the key terms and conditions for processing gas from the Kipper field through Esso and BHP Billiton’s existing onshore infrastructure and processing facilities in the Gippsland district of the Australian state of Victoria. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Lex: Oil prices

Financial Times: Lex: Oil prices

Wednesday 15 June 2005

The only certainty about the oil price is the inability of forecasters to predict it. Ask a New York futures trader what the long-term oil price is and the current answer will be $54 a barrel for 2011. Analysis by Goldman Sachs suggests that European oil sector equity valuations discount a longer-term forward Brent crude price of $30. Integrated oil companies, however, are still using prices of $20-$25 to assess investment projects.

Faced with such confusion, investors are taking a very short-term view. Citigroup highlights the close correlation this year between European sector performance and daily movements in one-month forward Brent crude prices. With the industry returning cash, investors, understandably, are focusing on near-term cash flows. The macroeconomic picture for the oil market looks bullish for the latter half of the year. On recent trends, this suggests further sector upside. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.
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