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July 8th, 2005:

Fort McMurray Today (Canada): Neil Camarta leaving Shell’s top oilsands job

Fort McMurray Today (Canada): Neil Camarta leaving Shell’s top oilsands job

Posted Friday 8 July 2005

By JACQUIE MCFARLANE

Today staff and The Canadian Press

Fort McMurray Today — Shell Canada announced a shuffle at the top of its oilsands operations Wednesday, bringing in international oil executive Brian Straub to replace outgoing senior vice-president of oilsands Neil Camarta. And there could be some big shoes for Straub to fill when he officially takes over the role in October.

“Mr. Camarta has been a driving force behind Shell Canada’s oilsands business since its inception in 1996,” said Shell Canada spokeswoman Janet Annesley. “He can be credited with bringing our project to life, getting it build and getting it up and running and leading the company to the success it is today,” she said. “Neil is well liked and well respected internally and externally. From the mine to the upgrader, he will be missed.” Camarta is moving onto a new, yet to be announced position with Shell, Annesley said. Details are to be announced in the fall. 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.

Irish Times: Erris priests concerned about jailed men’s plight

Irish Times: Erris priests concerned about jailed men’s plight

“Priests in the Erris area of north Mayo have expressed concern about the “current impasse” in relation to the Corrib gas project and about the situation of the five residents imprisoned indefinitely for contempt of court.”

Friday July 08, 2005

Lorna Siggins, Marine Correspondent

Priests in the Erris area of north Mayo have expressed concern about the “current impasse” in relation to the Corrib gas project and about the situation of the five residents imprisoned indefinitely for contempt of court.

Meanwhile, Shell has issued a statement robustly defending the importance of the project to the Irish economy.

In a statement issued yesterday, the priests said they had a “very special concern” for the five men – Micheal O Seighin, Willie Corduff, Brendan Philbin, and Philip and Vincent McGrath – and their families. 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.

Irish Times: Plea set for discharge of men’s jailing order

Irish Times: Plea set for discharge of men’s jailing order

“When adjourning those proceedings to next week, the judge said that the fate of the five men was in their own hands, and it was up to them to purge their contempt.”

Friday July 08, 2005

Lawyers for five local people who have been in jail for more than a week for breach of court orders restraining obstruction of the installation of a high-pressure gas pipeline in Co Mayo are to bring an application to discharge the order by which the men are jailed.

Sarah Belshaw, for the men, secured leave yesterday from the president of the High Court, Mr Justice Joseph Finnegan, to issue a motion for discharge of the order made by the judge on April 4th last which restrains obstruction of works connected with the installation of the pipeline by Shell E&P Ireland Limited. 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: Trade and investment for Africa

The Guardian: Trade and investment for Africa

“Monbiot’s attack on the planned investment climate facility and the multinational companies behind it contrasts with a report a few pages earlier on the plans of two multinationals to support local investment (Shell and M&S plan trade aid for Africa).”

Friday July 8, 2005

There are 37 countries eligible for the African Growth and Opportunity Act (Agoa), and the rules of origin that George Monbiot cites for clothing exist only for countries not eligible for the special apparel rule (Africa’s new best friends, July 5). Most Agoa-eligible countries are eligible for this rule.

For these countries, clothing manufactured in two or more countries enjoys preferential access to the US market until 2007. Fabric used to make T-shirts in Kenya can come from Bangladesh, for example, and enter the US duty-free under Agoa. Agoa trade provided 34% of Lesotho’s GDP in 2003, and $240m of Kenya’s exports since 2000. 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: Shell gives Gazprom 25% stake in Sakhalin project

The Guardian: Shell gives Gazprom 25% stake in Sakhalin project

“We welcome Gazprom as a great Russian partner in the Sakhalin-2 project and are confident Gazprom will make significant contributions towards maximising the long-term value of the project,” said Shell’s chief executive, Jeroen van der Veer.”

Friday 8 July 2005

Richard Wray

Friday July 8, 2005

The energy group Shell signed a deal yesterday with its Russian rival Gazprom to swap lucrative onshore and offshore gas assets in western Siberia.

Under the deal, which is to be finalised next year, Gazprom is obtaining just over a quarter of Sakhalin-2, the world’s largest liquefied natural gas project, while Shell will receive a 50% stake in an other field, Zapolyarnoye Neocomian. 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.

Multinational businesses, from McDonald’s to Shell, seen primarily as exploiters

THE TIMES (UK): Only the rich west can save the poor

“Multinational businesses, from McDonald’s to Shell, are seen primarily as exploiters.”

Friday 8 July 2005

By Graham Searjeant, Financial Editor

AHEAD of the G8 meeting in Scotland, campaigners against poverty in Africa conducted a great populist moral campaign to make poverty history. They aimed to push issues that are usually peripheral for voters in developed countries up near the top of their agenda. They have succeeded, at least for the G8 meeting and the Doha trade talks later in the year. Less clear, as this week’s debate in The Times has shown, are the long-term solutions that will command popular support. 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.

Royal Dutch Shell, the Anglo-Dutch group, signs landmark deal with Gazprom

THE TIMES (UK): Need to Know

“Royal Dutch Shell, the Anglo-Dutch group, has signed a landmark deal with Gazprom, the Russian gas monopoly, to swap an approximately 25 per cent stake in the Shell-led Sakhalin-2 gas project for a half share in the Zapolyarnoye-Neocomian field, which has an estimated 400 billion cubic metres of gas and 400 million barrels of gas condensate.”

Friday 8 July 2005

Royal Dutch Shell, the Anglo-Dutch group, has signed a landmark deal with Gazprom, the Russian gas monopoly, to swap an approximately 25 per cent stake in the Shell-led Sakhalin-2 gas project for a half share in the Zapolyarnoye-Neocomian field, which has an estimated 400 billion cubic metres of gas and 400 million barrels of gas condensate.

Oil and Natural Gas, India’s state-run company, said that it was planning to build a 150,000-barrel-a-day refinery in conjunction with Cairn Energy, the Edinburgh group. 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.

Gazprom closes on American dream with Shell asset swap

THE TIMES (UK): Gazprom closes on American dream with Shell asset swap

“The two sides signed a memorandum of understanding, timed to coincide with the arrival of President Putin in Edinburgh for the G8 summit.”

Friday 8 July 2005

By Carl Mortished, International Business Editor

GAZPROM, the giant Russian gas utility, edged closer to achieving its long-held ambition of exporting gas to the United States when it agreed terms with Shell yesterday for a swap of multibillion-dollar Siberian gas assets.

The exchange of a quarter-share in Shell’s $10 billion (£5.7 billion) Sakhalin liquefied natural gas (LNG) project for a half-share in Zapolyarnoye Neocomian, a giant Gazprom gas resource, will give the Russian utility a share in LNG shipments to California from Shell’s terminal to be built in Mexico. 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.

Daily Telegraph: Wise Shell learns to read Russian: Shell signs asset swap with Russian gas giant

Daily Telegraph: Wise Shell learns to read Russian: Shell signs asset swap with Russian gas giant

“Events at Yukos have proved that it is better to invite the Russian wolf to your table than let it blow your house down and eat your family”

Friday 8 July 2005

City comment

Edited by Neil Collins

(Filed: 08/07/2005)

Rudi Giuliani was the man who rose to the occasion when the World Trade Centre was collapsing, and by curious co-incidence he was in town yesterday to address the senior executives at Shell.

Curiously, he felt unable to say anything on the subject of the day to the journalists assembled to hear the rather better news from his hosts. Jeroen van der Veer, Shell’s chief executive, understandably lacked the stomach to prolong the press conference called to unveil a shrewd asset swap with Russia’s state-owned Gazprom. 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.

Daily Telegraph: Shell signs asset swap with Russian gas giant

Daily Telegraph: Shell signs asset swap with Russian gas giant

“The Shell chief denied suggestions that there had been pressure from the Kremlin to give Gazprom a stake in Sakhalin II, which is Shell’s biggest ever energy project. He added: “We were absolutely not forced. We always felt that it was logical to have a Russian partner in Sakhalin.”

Friday 8 July 2005

By Christopher Hope, Business Correspondent (Filed: 08/07/2005)

Shell, the Anglo-Dutch oil and gas giant, has agreed a multi-billion dollar asset swap with Gazprom, Russia’s state-owned gas giant, to boost its reserves of oil and gas.

Jeroen van der Veer, Shell’s chief executive, said the deal “tees up” future acquisitions for Shell in Russia, one of the most resource-rich countries in the world.

Shell is cutting its stake in the $10billion Sakhalin-II oil and gas project off the east coast of Siberia from 55pc to 30pc, handing the 25pc stake – equal to 1billion barrels of oil equivalent – to Gazprom. The stakes of the other investors – Mitsui (35pc) and Mitsubishi (20pc) – are unaffected.In return, Gazprom has given Shell a 50pc stake, equivalent to 1.5billion barrels, in its less developed Zapolyarnoye-Neocomian field, which has 400billion cubic metres of gas, four time zones away in western Siberia, as well as handing over unspecified assets and some cash. 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 Independent: Shell moves deeper into Russia with Gazprom swap

The Independent: Shell moves deeper into Russia with Gazprom swap

“Mr van der Veer denied that Shell has been pressured in any way to part with some of its interest in Sakhalin so that the Kremlin could keep valuable natural resources in Russian hands. He said the plan has also been to bring in a Russian partner.”

Friday 8 July 2005

By Michael Harrison, Business Editor

Published: 08 July 2005

Shell signalled its determination to expand further into the Russian oil industry yesterday by signing a multi-billion dollar deal to swap assets with the state-owned gas producer Gazprom.

The agreement, signed in London by the Shell chief executive Jeroen van der Veer and the Gazprom chairman Alexei Miller takes the Anglo-Dutch company into the heartland of Russia’s oil and gas province by giving it a 50 per cent stake in the giant Zapolyarnoye-Neocomian field in western Siberia. 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.

Gazprom Signs Asset – Swap Deal With Shell

THE NEW YORK TIMES: Gazprom Signs Asset – Swap Deal With Shell

“Gazprom will get a 25 percent-plus one share stake in the Shell-led Sakhalin-2 natural gas project off Russia’s Far Eastern coast. Shell, in turn, gets access to the world’s fifth-largest gas deposit, located in far northern Russia.”

Posted Friday 8 July 2005

By THE ASSOCIATED PRESS

MOSCOW (AP) — Russia’s natural gas giant, Gazprom, signed a memorandum with the Royal Dutch/Shell Group of Cos. on Thursday in a landmark asset-swap deal that gives the state-run gas monopoly a key foothold in a major liquefied natural gas project.

Gazprom will get a 25 percent-plus one share stake in the Shell-led Sakhalin-2 natural gas project off Russia’s Far Eastern coast. Shell, in turn, gets access to the world’s fifth-largest gas deposit, located in far northern Russia. 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/Gazprom

Financial Times: Lex: Shell/Gazprom

“After eight years of trying, Royal Dutch/Shell, the Anglo-Dutch oil giant, finally looks close to nailing down an agreement with the Russian gas behemoth.”

Friday 8 July 2005

Gazprom signs memorandums of understanding like rock stars sign autographs. After eight years of trying, Royal Dutch/Shell, the Anglo-Dutch oil giant, finally looks close to nailing down an agreement with the Russian gas behemoth. Gazprom is used to resource-hungry foreign energy companies hanging round like groupies. But Shell has something it wants: a stake in Sakhalin 2, a flagship liquefied natural gas export project. Shell stands to benefit if this latest move in the Kremlin’s reconquest of the energy sector happens. 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 says could lower minimum share exchange acceptances from 95 pct to 75 pct

Forbes.com: Shell says could lower minimum share exchange acceptances from 95 pct to 75 pct

“The Royal Dutch Shell group of companies said they reserve the right to lower the minimum acceptance level for the share exchange that creates the unified Royal Dutch Shell PLC from 95 pct to as low as 75 pct.”

Friday 8 July 2005

LONDON (AFX) – The Royal Dutch Shell group of companies said they reserve the right to lower the minimum acceptance level for the share exchange that creates the unified Royal Dutch Shell PLC from 95 pct to as low as 75 pct.

Shareholders of both Royal Dutch Petroleum Co NV and Shell Transport and Trading Co PLC have already approved the move by overwhelming majorities.

The group said today’s announcement is not an indication of the current level of acceptances on the exchange offer and does not mean the minimum acceptance level will actually be reduced. 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 and Gazprom agree swap

Financial Times: Shell and Gazprom agree swap

“Royal Dutch/Shell, the oil company, and Gazprom, Russia’s state-controlled gas monopoly, have agreed an asset swap that will see them become partners in two big Russian gas projects.”:”Shell is thought to be the largest foreign investor in Russia”:

Thursday 7 July 2005

By Thomas Catan in London and Arkady Ostrovsky in Moscow

* Asset deal will see energy groups become partners in Russian gas projects

* Anglo-Dutch company moves to replenish reserves

Royal Dutch/Shell, the oil company, and Gazprom, Russia’s state-controlled gas monopoly, have agreed an asset swap that will see them become partners in two big Russian gas projects. 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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