Royal Dutch Shell plc .com Rotating Header Image

Posts on ‘December 31st, 2005’

ROYAL DUTCH SHELL NEWS HEADLINES DECEMBER 2005

ROYAL DUTCH SHELL NEWS HEADLINES DECEMBER 2005

Toronto Star: Royal Dutch Shell eyes Canadian minority buyout: Offer could be worth $7 billion: Saturday 31 December 2005: READ
 
Business Times Malaysia: Joint venture field delivers first gas: “SHELL Malaysia and Petronas Carigali Sdn Bhd have achieved a major milestone with the delivery of first gas from their jointly-operated new Shallow Clastics satellite field.: December 31 2005: READ
 
Rediff (India): Shell suspends Hazira operations: Saturday 31 December 2005: READ
 
The Times: ‘The year has not panned out as well as it might at several of my little jobs’: “FEBRUARY: My old friend Philip Watts is still being blamed for some trifling errors at Shell. A few oilfields are misplaced and the stock market overreacts in its usual, tiresome way. It is only the fifth such warning, after all.” : “NOVEMBER: My good friend Philip Watts has been cleared of all wrongdoing by the Financial Services Authority, and one must rejoice. The outcome was predictable from the start. When has the FSA ever successfully taken on anyone so senior? Their job is to go after minor fraudsters and insider traders, not to interfere in the boardroom.”: Saturday December 31, 2005: READ
 
(IN OTHER WORDS SIR PHILIP WATTS IS A MAJOR FRAUDSTER)
 
The Times: Knighthood for oilman who took a gamble: “BILL GAMMELL, the Scottish entrepreneur who turned Cairn Energy into a FTSE 100 giant after a gamble on an Indian oilfield, is knighted in the New Year’s Honours List.”: “His decision to stick with an exploration prospect in northwestern India that had been discarded by Shell paid off with a string of oil discoveries.”: Saturday 31 December 2005: READ
 
THE WALL STREET JOURNAL: PAGE ONE: Jeroen van der Veer, chief executive of Royal Dutch Shell PLC, says natural gas now accounts for 40% of Shell’s hydrocarbon output and is rising. “In a decade, we will be close to being 50-50,” he says. “One day, the question will be whether we should be [called] an oil-and-gas company or a gas-and-oil company.”: Saturday 31 December 2005: READ
Financial Times: How Ukraine will fare without Russia’s gas: “Q Why is Russia threatening to turn off gas supplies to Ukraine?”: Saturday 31 December 2005: READ
 
The New York Times: Venezuela Reaches Deal With Spain’s Repsol: Posted Saturday 31 December 2005: READ

AFX Europe (Focus); Shell, CNOOC complete 4.3 bln usd China petrochem project: Posted 31 December 2005: READ

Business Wire: Shell Deer Park Considers $200 Million Expansion to Produce Additional Gasoline, an Industrialinfo.com News Alert: Posted 31 December 2005: READ

Globe and Mail (Canada): Shell gains on buyout speculation: Posted Saturday, 31 December 2005: READ

Daily Mail: Shell mulls a move on Texan giant: “ROYAL Dutch Shell is one of several companies mulling a bid for a Texas gas group that could cost $1bn ($600m) according to US reports.”: Friday 30 December 2005: READ
 
Financial Times: FSA fines grow in size but decline in numbers: “Royal Dutch Shell suffered the largest fine of 2004 – £17m – in the wake of scandal over its oil and gas reserves misstatement.”: “This year the regulator has faced questions, caused by the Royal Dutch Shell case, about its ability to pin the blame on high-profile individuals. The FSA said in November that it would not take any action against Sir Philip Watts, former chairman of the oil group, or any other executives, but that it stood by the fine imposed on the company itself.”: Friday 30 December 2005: READ
 
THE WALL STREET JOURNAL: Demand for natural gas ignites shares of Woodside Petroleum: “High oil prices mean that Shell has plenty of cash to do a deal. But a new Woodside takeover costing around A$30 billion is considered unlikely.”: Friday 30 December 2005: READ
 
THE WALL STREET JOURNAL: From Nikkei: Japan Oil Firms Getting Into Gas-to-Liquid Fuels: “Showa Shell has procured 2,000kl of the kerosene alternative from a Malaysian GTL plant of Royal Dutch/Shell Group.”: Friday 30 December 2005: READ
 
Daily Telegraph: City sandwich: “Royal Dutch Shell: Jorma Ollia, chairman and chief executive of Nokia, takes over from Aad Jacobs as chairman.”: Friday 30 December 2005: READ
 
TheEdgeDaily.com: Shell M’sia Petronas Carigali field delivers first gas: “Shell Malaysia and Petronas Carigali Sdn Bhd’s jointly operated new Shallow Clastics satellite field off Sarawak, has delivered the first gas ahead of schedule.”: “Shell Malaysia chairman Datuk Jon Chadwick said this milestone was an important contribution to delivering Shell Malaysia’s objective of more integrated gas.”:  Friday 30 December 2005: READ
Daily Telegraph: Petrol retailers call for shortages ‘tsar’: Friday 30 December 2005: READ
 
AFX Asia (Focus): Vandals set fire to oil pipeline in Nigeria: “The news comes barely a week after a pipeline belonging to the Anglo-Dutch oil giant Shell exploded near the southern oil city of Port Harcourt.”: Thursday December 29, 2005: READ
 
The Times: Surge in demand leaves fire-hit fuel stations running on empty: “A spokesman for Shell said: “There are some shortages at stations in south-east England and into the Midlands. It is connected to Buncefield.”: Thursday 29 December 2005: READ
 
The Times: Rumour of the day: “Northern Petroleum…”: Thursday 29 December 2005: READ
 
Lloyds List: A whale of a year for offshore energy: “In Nigeria, Shell finally got its Bonga FPSO project under way with first oil in late November from a technically challenging project.”: Dec 29, 2005: READ
 
The New York Times: Oil Rises Ahead of Supply Data, OPEC: “Crude supply concerns eased this week after Royal Dutch Shell said it had managed to restore most of its production in Nigeria after pipeline attacks a week ago.”: Posted Thursday 29 December 2005: READ
 
Lloyds List: Optimistic hopes tempered by politics and bureaucracy: “…Venezuela is still looking to unlock its energy reserves after PDVSA ended an agreement with Shell to develop a $2.7bn project in Mariscal Sucre.”: Thursday December 29, 2005: READ
 
AFX UK (Focus): Northern Petroleum unit to develop 3 more wells in Netherlands: “…NP Netherlands BV, is to exercise its exploration rights over three oil and gas wells in the Netherlands under an agreement it has with Nederlandse Aardolie Maatschappij BV (NAM). NAM is a company jointly owned by Royal Dutch Shell and ExxonMobil Corp.”: Thursday Dec 29, 2005: READ
 
Forbes/AFX News Limited: Shell still losing 15,000 barrels/day after Nigeria pipeline explosion: Posted Thursday 29 December 2005: READ
 
Lloyds List: Petronet prepares to tie up Gorgan deal: “The Australian company would arrange for the supply of LNG through a consortium, in which the stakeholders are Chevron, ExxonMobil and Shell.”: Wednesday December 28, 2005: READ
 
Kyodo News Service: (Kyodo) – Brazil’s state-run oil monopoly Petroleo Brasileiro S.A. (Petrobras) has taken a major step toward its strategic goal of achieving leadership in the energy sector in Latin America.”: “The oil corporation has signed three share purchase agreements for the acquisition of Shell’s businesses in Colombia, Paraguay and Uruguay.”: Wednesday Dec 28, 2005: READ
 
Financial Times: Giant orange gas flares mean lost opportunities for Nigeria: “The giant orange flares that burn across the delta region, where most of Nigeria’s oil is produced, cause respiratory diseases and premature deaths, and pollute croplands close to village homes in the delta’s vast network of swamps and creeks.”: “Citing funding problems, Shell has pushed back its flaring elimination date to 2009. But last month, a Nigerian judge ruled in favour of a local delta community that challenged the company’s right to flare gas nearby.”: “Meanwhile, Shell has challenged the judgment and continues to flare.”: Wed 28 Dec 2005: READ
 
Irish Times: Major escalation in opposition to gas pipeline threatened: “Shell to Sea campaigners claim that activists from all over Ireland will flock to their Solidarity Camp at Rossport, Co Mayo in early spring to help local people resist attempts by Shell E&P Ireland contractors to force the controversial pipeline through the area.”: Posted Wednesday 28 December 2005: READ
 
Irish Times: Shell rejects sections of review of Corrib safety as unlikely: “Shell E&P Ireland has rejected some of the findings of the Government’s safety review of the Corrib gas onshore pipeline…”: “…it takes issue with a number of points made by the consultants, including the possible emergence of the contaminant hydrogen sulphide (H2S) or “sour” gas in the Corrib system.”: “…which can have similar impacts on cellular respiration to carbon monoxide or hydrogen cyanide.”: “…the Erris Inshore Fishermen’s Association… says the study confirms its suspicion that Shell “cannot or will not implement the project in an open and transparent way”: Posted Wednesday 28 December 2005: READ
 
The Independent: Warmer US weather leads to fall in oil prices: “Oil prices were also undermined as Royal Dutch Shell said it had restored most of its production in Nigeria after attacks on two pipelines last week triggered a huge blaze and oil slick. Shell said it was losing only 15,000 barrels per day of output on Monday, down from 180,000 bpd earlier.”: READ
Published: Wednesday 28 December 2005
 
Daily Telegraph: Pumps run dry as blast takes its toll: “Shell was one of the worst hit yesterday, with some garages in the midlands and south-east running out.”:  READ
Wednesday 28 December 2005
 
News 24.com (South Africa): Shell cleans up crude oil spill: READ
Posted 28/12/2005
 
CNN NEWS: Oil company battles fires on Nigerian pipeline: READ
Posted Wednesday 28 December 2005
 
Financial Times: Oil falls as mild weather tempers US demand:
“Crude prices fell on Tuesday as mild weather continued to dominate in the US, while Shell announced it had secured much of the 180,000 barrels-a-day production lost following last week’s attack on a Nigerian pipeline.”: READ
Tuesday 27 December 2005:
 
THE NORWAY POST: Shell to increase activity on Norwegian Shelf: READ
Tuesday 27 December 2005:
Vanguard (Nigeria): NNPC, JV partners plot improved security in Niger Delta: READ
Tuesday 27 December 2005:
 
Houston Chronicle: Shell Says Brazil Oil Sites Are Viable: READ
27 December 2005:
 
BARRON’S ONLINE: Hot as Ever: READ
Monday 26 December 2005:
 
BARRON’S ONLINE: Bullish and Fully Fueled: READ
Monday 26 December 2005:
 
Reuters: Outage from Nigeria pipeline blast now at 35,000 bpd: “The outage had previously amounted to 180,000 bpd after unknown gunmen attacked two pipelines on Dec. 20, killing 11 people and setting off a huge blaze and oil slick.”: “Most of the delta’s estimated 20 million inhabitants live in extreme poverty alongside an industry that has generated billions of petrodollars for foreign oil firms and the faraway Nigerian government, seen as corrupt and oppressive.”: Monday 26 December 2005: READ
 
AME Info, United Arab Emirates: Shell applies technology to reduce environmental impact of oil industry: Monday 26 December 2005: READ
 
Borneo Bulletin: Search Op ongoing: “The operation is being carried out by Brunei Shell Company rescue teams, navy, police marine and the public…”: Monday 26 December 2005: READ
 
Daily Telegraph: Shell’s LPG auction fails to generate much heat: “Shell declined to comment that interest for the LPG business had been below the levels the firm was looking for.”: READ
Monday 26 December 2005
 
Mail & Guardian Online (Nigeria): Shell resumes limited operations in Nigeria: “Shell said on Saturday it has resumed limited operations in southern Nigeria after the explosion of a pipeline but warned it is still not in a position to honour its commitments to clients.”: READ
Christmas Day, 25 December 2005
 
BBC News: Contempt case for Shell over gas: “The oil multinational Shell is facing contempt of court proceedings in Nigeria over gas flaring.”: READ
Sat 24 Dec 2005
 
Reuters: Shell Nigeria reopens one of two attacked pipelines: READ Sat Dec 24, 2005 2:56 PM GMT
Irish Times: An Taisce wants review of pipeline location “An Taisce has called on Minister for Marine Noel Dempsey to conduct a review of the proposed location for Shell’s onshore gas terminal in north Mayo in the light of a recent Government consultancy study of the controversial onshore pipeline.”: Saturday Dec 24, 2005: READ
 
THE WALL STREET JOURNAL/BARRON’S ONLINE: Looking to Angola for Deep Returns: “Given both the technical challenges of West African development (primarily deepwater) and the inherent geopolitical instability (ask any of Shell’s or Chevron’s employees in the Nigeria Delta region), is West Africa worth the risk?”: Posted Saturday 24 December 2005: READ
 
AP Worldstream: Next Iraqi government must tackle question of who controls Iraqi oil to draw investment: “…security fears could make it tough for the government to draw in companies such as BP PLC, Exxon Mobil Corp. and Royal Dutch Shell PLC…”: “The nation’s proven oil reserves, estimated at about 110 billion barrels, are the world’s third largest after Saudi Arabia and Canada.”: Saturday Dec 24, 2005: READ
 
Irish Times: The year my life changed: “The five Co Mayo men were jailed in June for contempt of court over their opposition to the construction by Shell of the underground Corrib gas pipeline.”: Saturday December 24, 2005: READ
 
The Times: BP doubles corporate ad budget in $150m bid for greener image: “While Shell and Chevron have been keen to promote their images in the UK, their advertising and sponsorship spend in the UK has been far less than that of BP, according to the research. This year, Shell spent an estimated £2.7 million…”: Saturday December 24, 2005: READ
 
Petroleum News: EnCana on full spin cycle: “And, in the thick of all this, rumors persist that it remains in the crosshairs of such global giants as Chevron and Royal Dutch Shell.”: Saturday 24 December 2005: READ
 
The Tide (Nigeria): Shell loses 540,000 barrels in three days: Posted Saturday 24 December 2005: READ
 
Petroleum News: California beckons for Enbridge: That deal came on the heels of BP acquiring sole ownership of the Olympic system by taking over the 40 percent holding of Royal Dutch Shell.: READ
 
PakTribune.com (Pakistan): Petroleum exploration licence for Offshore to Shell joint venture grants: Saturday December 24, 2005: READ
 
Petroleum News: Mackenzie hearings ready to hit the road: “The Mackenzie proponents — Imperial Oil, Shell Canada, ConocoPhillips Canada, ExxonMobil Canada and the Aboriginal Pipeline Group — will also come under intense scrutiny over the fiscal terms they are able to negotiate with the Canadian government.”: Sat 24 Dec 2005: Read
 
Petroleum News: LNG terminal gets FERC go-ahead: “Besides Woodside, the partners are subsidiaries of BHP Billiton, BP, Chevron and Shell, plus Japan Australia LNG (Mitsui and Mitsubishi).”: Saturday 24 December 2005: READ
 
Los Angeles Times: Shell project puts focus on oil shale: Friday, December 23, 2005: READ
 
The Scotsman: Shell seen clinching loan for Sakhalin: Friday 23 December 2005: READ
 
BBC Monitoring Service: Shell joint venture upbeat on Siberian oil field results: 23 December 2005: READ
 
People’s Daily Online (China): Shell forced to halt oil exports in Nigeria after attack: Friday 23 December 2005: READ
 
THIS DAY ONLINE (Nigeria): Shell: Federal Government Under-Funds Gas Flare-Out Projects: Friday 23 December 2005: READ
 
BLOOMBERG: Shell Sells Fuels Units to Petrobras and Chile’s Enap (Update2): Friday 23 December 2005: READ
 
PR Web.com: El Paso Settlement Payment Two Years Late, Shell-Chevron Cause Delay: Friday 23 December 2005: READ
 
Times Online: “Royal Dutch Shell, the Anglo-Dutch oil group, agreed to sell its service stations and other businesses in Uruguay, Paraguay and Colombia to Petrobras…”: December 23, 2005: READ
 
AFX Europe (Focus): Repsol YPF presents solo bid for Shell’s LPG ops valued at 2.5 bln eur – report: Friday Dec 23, 2005: READ
 
Financial Times: Replacing replacement: Posted 23 December 2005: READ
 
Forbes/AFX News Limited: Shell declares force majeure in Nigeria as pipeline fire continues: “The fire, which followed an explosion early this week, cut the Anglo-Dutch group’s production in Nigeria by 180,000 barrels per day.”: Thursday 22 December 2005: READ
 
The New York Times: Qatar Finds a Currency of Its Own: Natural Gas: “Andrew Brown, Shell’s country manager in Qatar, said that greater natural gas and oil production should result in overall daily energy production equivalent to about 5 million barrels of oil a day by early in the next decade, nearly half the daily oil output of Saudi Arabia.”: Thursday 22 December 2005: READ
 
THE WALL STREET JOURNAL: Qatar awards LNG contract: “The other will be managed by QatarGas IV, which is owned by Qatar and Royal Dutch Shell PLC. The QatarGas project so far has five such LNG trains.”: Thursday 22 December 2005: READ
 
The New York Times: Oil Prices Settle at $58.56 Per Barrel: Oil prices also were lifted by uncertainty about whether Royal Dutch Shell PLC will declare a force majeure on its light, sweet crude exports from Nigeria after attackers set off dynamite at a pipeline Tuesday. Nigeria is Africa’s largest oil exporter. ”We have to look at the extent of the damage and if it’s significant enough to affect the quantity that can be exported, then we will consider the options,” Shell spokesman Donald Boham said Wednesday.: Posted Thursday 22 December 2005: READ
 
The Guardian: BP sells Russian assets for $1bn: “There is controversy over drilling near Sakhalin, an island off Russia’s east coast, since Shell started developing an offshore field there close to where whales feed.”: Thursday 22 Dec 2005: READ
 
Daily Independent (Nigeria): Shell shuts Bonny flow station: “Three more bodies were on Wednesday recovered from the site of an exploded oil pipeline in Port Harcourt, bringing the number of casualties to 11 in the fire incident ravaging up to 21 villages. The pipeline belongs to Shell”: Thursday 22 December 2005: READ
 
Malaysia Star: Chip card payment at Shell stations in force next year: “SHELL Malaysia expects the rollout of credit card payment system using the chip card at its stations to be completed by next year, said chairman Datuk Jon Chadwick.”: “Asked if the company would be doing any exploration in the coming year, he said: “We’ve had a very successful year. Yes, we will be doing exploration next year. We need reserves.”: Thursday 22 December 2005: READ
 
Lloyds List: Shell gas project will need $3bn fleet of mammoth LNG carriers: “SHELL has unveiled a major liquefied natural gas project in Qatar which could require a $3bn fleet of the largest vessels ever built in this sector.”: Thursday December 22, 2005: READ
 
The New York Times: Shell Signs Gas Field Development Deal: Posted Thursday 22 December 2005: READ
 
Reuters: Shell Nigeria pipeline still blazing, output down: “Oil workers in boats and a helicopter circled a huge pipeline blaze in remote southern Nigeria on Wednesday, surveying the damage caused by a suspected dynamite attack that killed at least eight people.”: “The fire is still blazing. It’s as high as a 10-storey building. There is thick black smoke billowing,” a Reuters witness said.”: 21 Dec 2005: READ
 
AP Worldstream: Crude prices flat ahead of key market data from U.S.: “Overnight, crude prices were slightly buoyed after news that unknown assailants had blown up a Royal Dutch Shell pipeline in Nigeria on Tuesday, killing at least eight people and knocking 170,000 barrels of crude offline.”: Wednesday December 21, 2005: READ
 
Daily Telegraph: Wanted: western top guns to tame the Russian oil frontier: “Since Vladimir Putin seems keen to recruit well-connected Westerners such as Gerhard Schroder and Donald Evans to run his oil companies, here are some suggestions: Top of the list is Sir Philip Watts. This former Shell chairman could doubtless boost the size of Russian reserves…”: Wednesday 21 December 2005: READ
 
Financial Times: CNPC, ONGC link in Syria: “The 38 per cent stake in the Royal Dutch Shell-controlled Al Furat Production Company was sold by Petro-Canada, one of Canada’s largest energy groups, for C$676m (US$576m)…”: Wednesday 21 December 2005: READ
 
THE WALL STREET JOURNAL: India, China Win On Venture’s Bid For Syria Oil Stake: “…about half of Syria’s total oil output, are operated by Syria’s state-owned Syria Petroleum Co., with Royal Dutch Shell PLC also holding interests.”: Wednesday 21 December 2005: READ
 
San Jose Mercury News: Shell refinery still dealing with cleanup: “The Shell Martinez Refinery continues to grapple with the fallout from a November oil leak that sprayed hundreds of cars and homes, with cleanup costs likely to run into the millions and investigations by several other agencies under way.”: “More than 2,300 cars and 400 homes have been cleaned, said Steve Lesher, Shell’s public affairs manager.”: Wednesday 21 December 2005: READ
 
The Scotsman: Oil giants review North Sea investment: “Oil & gas industry workers union Amicus has already written to energy minister Malcolm Wicks to request action against Shell…”: Wednesday 21 December 2005: READ
 
The Independent: Oil giants accused over Alaskan gas: “The soaring price of oil this summer provoked outrage among consumers and led to hearings on Capitol Hill over whether energy companies including Exxon, BP and Shell were profiteering.”: Wednesday 21 December 2005: READ
 
The Guardian: Climate of fear: “Shell was taken to the courts for continuing gas-flaring on the Niger delta.”: Wednesday December 21, 2005: READ
Kommersant: Western banks join environmental protection campaigns: “Shell failed to fulfill even its own environmental standards…”: Wednesday 21 December 2005: READ
 
The New York Times: Oil Pipeline Blast in Nigeria Kills Eight: Posted Wednesday 21 December 2005: READ
 
ShareCast.com: Shell closes Nigerian oilfields: “Royal Dutch Shell has closed two oilfields in Nigeria following an attack by gunmen on an oil pipeline it operates, it said today.”: Tuesday 20 December 2005: READ
Forbes/AFX News Limited: Blast at Royal Dutch Shell oil pipeline in Nigeria kills 8 – report: “The blast occurred after an attack on the pipeline by an unidentified group of armed men in Port Harcourt, in the Niger river delta, the report said. Royal Dutch Shell has shut down production at two oil fields, the news agency said. Tuesday 20 December 2005: READ
 
Daily Telegraph: With oil prices and output fuelling the share price, BG Group is worth exploring: “…given the company’s relatively small size, the shares are often boosted by the possibility of a takeover by the likes of BP or Shell.”: Tuesday 20 December 2005: READ
 
Reuters: Shell Canada adds to Alberta, B.C. land position: “Shell Canada Ltd paid more than C$185 million ($158 million) for acreage at recent government land sales to bolster its natural gas drilling and oil sands prospects, the company said on Monday.”: Posted Tuesday 20 December 2005: READ
 
Friends of the Earth: Court Orders Companies to Stop Gas Flaring in Nigeria : Posted 20 December 2005: READ
 
Denver Post: Oil shale may be fool’s gold: “… if it turns out that Shell needs more energy to produce a barrel of oil than a barrel contains, bets are off. That’s the equivalent of burning the furniture to keep the house warm”: Tuesday 20 December 2005: READ
 
Ireland On-Line: Pipeline protesters seek alternative presents: “They are some of items needed by the Rossport Solidarity Camp which last summer saw protesters from around the world gather to support locals in the fight against the oil giant’s construction of the pipeline.”: “Supporters can buy a greetings card that depicts the pipeline on eBay, after campaigners put the illegally installed section of pipe up for internet auction.”: Tuesday 20 December 2005: READ
San Antonio Express: Still in recovery: Gulf oil production off 28%, and gas off 20% as huge repair job continues: “Shell expects production from the platform to resume in the second half of next year, according to a release on its Web site.”: Tuesday 20 December 2005: READ
Daily Telegraph: Only thing changing at Unilever is its shares: Unilever to keep dual structure: “Oh dear. Rather like Royal Dutch Shell 18 months ago, Unilever’s self-satisfied management team just do not get it.”: Tuesday 20 December 2005: READ
 
The Times: Compare like with like and BG offers investors good value: “Takeover speculation, much discussed but scantly evidenced, partly explains the BG share-price premium.”: Tuesday 20 December 2005: READ
 
The Times: Unilever to keep dual listings: “Unilever, the consumer goods giant, will not follow the example set by Royal Dutch Shell, its Anglo-Dutch cousin, after it said that it would keep its dual listings.”: “Mr Burgmans chaired the review team, which included Jeroen van der Veer, the Shell chief executive, who is on Unilever’s board.”: Tuesday 20 December 2005: READ
Reuters: Shell strikes oil again in Brunei’s Seria field: “Search for deepwater oil has been halted since 2003 after a territorial dispute with Malaysia.”: Posted 20 December 2005: READ
 
This Day Online (Nigeria): Shell Faces Contempt Charge on Gas Flaring: “So soon after its fraud over Nigerian reserves, it’s astonishing that Shell has not complied with this court order preventing it from continuing gross violations of human rights. Its behaviour seriously undermines respect for the rule of law that its operations depend on,”: Posted Monday 19 December 2005: READ
 
Forbes/AFX News Limited: Shell says will continue to invest heavily in North Sea despite tax hike: Monday 19 December 2005: READ
 
THE WALL STREET JOURNAL/BARRON’S ONLINE: Conoco Scorned Could Be a Steal: “It’s possible Conoco itself could attract interest from one of the globe’s super-major oil companies, including BP, Royal Dutch Shell or Total. Conoco’s market value is $81 billion, but BP and Royal Dutch are valued at over $200 billion. “The cheapest energy assets in the world are located in Houston [Conoco’s home base],” Marcin says. “Investment bankers around the globe all realize that.”: Monday 19 December 2005: READ
 
The Scotsman: Shell seeks more gas from deepwater Egypt area: “Royal Dutch Shell said on Sunday it had found up to 1 trillion cubic feet (tcf) of gas so far in a deepwater concession in Egypt, but a rig shortage had delayed further exploration drilling to mid-2006.”: Posted Monday 19 December 2005: READ
The Sunday Times: Hopes of Western Isles bonanza as Shell starts searching for oil: “IT IS one of Britain’s most depressed and hostile environments, but the Western Isles could be on the brink of an economic boom after one of the world’s biggest energy firms signalled plans to begin test drilling for oil off the coast of Lewis.”: December 18, 2005: READ
 
The Sunday Times: Skill shortages hit quest for extra energy supplies: “Drilling rigs are in short supply, as are trained oilfield workers. This is why fully one-quarter of the $4 billion increase in Shell’s outlays will go to cover the higher prices of the labour and supplies it needs to punch holes in the deserts and ocean beds that contain the new reserves it so badly needs.”: Sunday December 18, 2005: READ
 
The Business Online: Shell blames Brown for its new North Sea cuts: “Shell has interests in about 50 oil and gas platforms in the North Sea and owns 21 outright. It has not ruled out more cuts.”: Sunday December 18, 2005: READ
 
The Scotsman: Shell ‘should be forced to give up drilling rights’: “ENERGY minister Malcolm Wicks is facing demands to force Shell to give up North Sea acreage, following revelations that the oil giant will slash its UK drilling programme on the back of the Chancellor’s latest tax raid on oil company profits. “: Sunday 18 December 2005: READ
 
Times of Oman: Shell celebrates completion of social investment projects: “During the event, Shell also launched its gift to the nation to mark the Sultanate’s 35th National Day, pledging $10 million for the establishment of a new fund to support the development of small and medium-sized enterprises (SMEs) in Oman.”: Sunday 18 December 2005: READ
 
Hindu Business Line (India): Coal gasification projects — ONGC may rope in Shell as joint venture partner: “ONGC sources told Business Line on Saturday that the company was trying to get Shell as a joint venture partner to prevent the possibilities of use of the coveted Shell technology by any other company in India.”: Posted Sunday 18 December 2005: READ
 
BBC NEWS: Shell cuts North Sea exploration: Oil giant Shell has cut its plans for North Sea exploration, blaming Chancellor Gordon Brown’s tax hikes for the move. Posted Sunday 18 December 05: READ
The Scotsman: Shell in North Sea cuts after tax hike: “ENERGY giant Shell has slashed investment in its future North Sea drilling programmes by a third – less than two weeks after Chancellor Gordon Brown levied his controversial tax hike on fuel production.”: Saturday 17 December 2005: READ
 
Gulf Times: Shell will settle rest of buyout: The proposed buyout price of 52.21 euros a share, which Royal Dutch Petroleum shareholders approved at an extraordinary shareholders meeting in The Hague yesterday, is still subject to arbitration by the Court of Appeals in Amsterdam sometime next year, Shell said in a statement.”: “The court is expected to rule on the case later in 2006.”: Published: Saturday, 17 December, 2005, 09:18 AM Doha Time: READ
 
THE WALL STREET JOURNAL: The Week in Review: “Big Oil Goes Hunting”: “Possible bidders include Royal Dutch Shell, Total and industry leader Exxon Mobil.”: Saturday 17 December 2005: READ
 
Business News Americas: Shell faces US$590,000 fine for pipeline leak – Chile: “The SEC based its decision to enforce the fine on the discovery that the pipeline was not properly maintained or inspected, and also lacked proper protection against external corrosion, the paper reported.”: Posted Saturday 17 2005: READ
 
NewRatings: BG Early Trinidad Start Contrasts With Shell: “BG’s (BRG) early start in new Trinidad plant contrasts with project delays faced by Royal Dutch Shell (RDSB.LN), says Numis.”: Posted Saturday 17 December 2005: READ
 
Business News Americas: Shell eyes Orinoco belt crude upgrader, natgas E&P licenses – Venezuela: “Anglo-Dutch oil major Shell is discussing with the Venezuelan government the possibility of developing a project to upgrade extra-heavy crude from the Orinoco oil belt, Shell Venezuela president Sean Rooney told BNamericas.”: Posted Saturday 17 December 2005: READ
 
Oil & Gas Journal: Sakhalin II Phase 2 clears EDRB hurdle: “EDRB’s fit-for-purpose declaration allows the start of a 120-day period of public disclosure of and consultation on the project’s environmental, social, health, and safety issues and mitigation documentation.”: Posted Saturday 17 December 2005: READ
 
The New York Times: India Blocks ONGC in Nigeria, Clears Brazil Effort: “Exxon’s partners in BC-10 are Royal Dutch Shell and Brazilian state company Petrobras. Block operator Shell aimed to declare it commercially viable this year.”: Posted Sat 17 Dec 2005: READ
 
Friends of the Earth: Shell accused of contempt of court over continued illegal gas flaring: “The ruling recognizes that gas flaring is a serious human rights violation”; Friday December 16, 2005: READ
 
Green Consumer Guide: Rare whales face oil project threat: “It is a scandal that UK taxpayers’ money is being earmarked for a scheme that will lead to a massive increase in climate changing gases and which could push the Western Gray Whale into extinction. The EBRD should completely review its funding policies. Public money should be spent on projects that will protect the environment – not ones that destroy it.”: Friday 16 December 2005: READ
 
World Wildlife Fund: Too little too late for Shell’s Sakhalin project: Posted Friday 16 December 2005: READ
 
Daily Telegraph: Face of the day: “Van der Veer, the chief executive of Royal Dutch Petroleum, faces an egm in Amsterdam today where he hopes to clinch the £130billion merger of Royal Dutch Petroleum with Shell Transport and Trading.”: Friday 16 December 2005: READ
Business News Americas: Shell to maintain Urdaneta production at 50kb/d under new JV – Venezuela: “Shell sees a smooth transition from its status as operator to one of minority partner…”: Friday December 16, 2005: READ
 
New Zealand Herald: Court dismisses Todd challenge over Pohokura: “Todd and Shell are currently joint operators of the field through a 50:50 venture, Shell Todd Oil Services (STOS) — a partnership dating back to 1955.”: Posted Friday 16 December 2005: READ
 
Financial Times: Oil majors to accept Venezuela’s new terms: “Rafael Ramirez, Venezuela’s energy minister, said in an interview with the FT that companies, including the Anglo-Dutch Royal Dutch Shell, BP of the UK, France’s Total, and ExxonMobil and Chevron of the US, had agreed to give Pdvsa, Venezuela’s state-owned oil company, majority ownership of their concessions and sign new contracts that will subject them to higher taxes.”: Posted Friday 16 December 2005: READ
 
ShellNews.net: Shell insider view on Sakhalin II loan news from the European Bank for Reconstruction and Development: “In spite of Shell’s attempts to spin this announcement, this does not mean that the project has been given a clean bill of health.”: Thursday 15 December 2005: 12.15 EST: READ
 
Accountancy Age: Shell loses UK investor court battle: “Royal Dutch Shell could be landed with as much as a £500m payout to minority shareholders, after a court ruled that it offered to buy back shares at too low a price.”: 15 Dec 2005: READ
 
Daily Telegraph: Shell’s merger offer ruled unfair: “Shell’s attempt to squeeze out minority holders in Royal Dutch Petroleum (RDP) will cost the oil and gas giant as much as €675m (£458m), after it lost a court case brought by a British hedge fund in the Netherlands.”: “On Tuesday, a judge ruled Shell’s offer was too low, throwing the terms of the deal into turmoil.”: “This is David versus King Kong. It’s a great result for minority share-holders.”: “This decision puts the issues of those who accepted Shell’s offer firmly back on the table. We are going back to the lawyers on behalf of the investors and we have been in contact with Shell.”: Thursday 15 December 2005: READ
 
The Moscow Times: EBRD to Consult Public on Sakhalin: “The European Bank for Reconstruction and Development will put off its decision on whether to support the $20 billion Russian natural gas venture led by Royal Dutch Shell for another four months, the bank’s chairman said Wednesday. “We are going to launch public consultation … this process will take 120 days,”: “Today the EBRD has risked putting its reputation beyond repair by pronouncing that Sakhalin II is fit for purpose even though key aspects of the project are beyond repair. …120 days of consultations will make little difference to the huge fundamental violations that Shell has committed already.”: Thursday 15 December 2005: READ
 
The Guardian: Shell gas and hot air: This project appears to have unstoppable momentum, despite the bank’s president, Jean Lemierre, insisting yesterday that the 120-day consultation process is robust and genuine.”: “…Shell is frantic to bump up its reserves, having “lost” 25% last year.:”: “Oil companies might become extinct when the oil and gas runs out mid-century, but Western Pacific whales could be gone a lot sooner.”: Thursday 15 December 2005: READ
 
AFX Europe (Focus): EBRD to consult public over investment in Sakhalin energy project: “The EBRD, headquartered in London, said that consultations would focus on the environmental, social, health and safety aspects of the Sakhalin II project…”: Thursday December 15, 2005: READ
 
Financial Times: EBRD clears way for Shell’s Sakhalin-2: “Jean Lemierre, EBRD president, stressed that the bank had not made a decision to finance the project. However, environment lobby groups were incensed about the move, accusing the bank of “caving in to Shell pressure”: Thursday 15 December 2005: READ
 
Financial Times: BANK PRESIDENT COUNTS COST OF REMARKS IN CONFERENCE CALL: “Jean Lemierre, president of the EBRD, yesterday stoked controversy over the cost of Sakhalin-2…”: “On a conference call to journalists, Mr Lemierre said: “The total cost of the project is estimated, not by me but by the company, to be more than $20bn [£11.3bn] – $20bn to $22bn, according to the figures given by the consortium.”: Thursday 15 December 2005: READ
 
Financial Times: Back to basics: “Of course, Shell has particular problems of its own after the scandal over its inflated oil reserves and it is under heavy pressure to replenish and expand its proved reserves.”: Thursday 15 December 2005: READ
 
ShellNews.net: Email from former Shell Malaysia employee group: Thursday 15 Dec 2005: 00.05am: READ
 
The Times: Oil rivals team up to bid for Syria stake: “Oil and Natural Gas Corporation (ONGC) is teaming up with China National Petroleum Corporation (CNPC) to buy PetroCanada’s 38 per cent interest in Al Furat, which is controlled by Royal Dutch Shell and the state-owned Syrian Petroleum Company.”: Thursday 15 December 2005: READ
 
The New York Times: Senate Democrats Again Want Oil Execs: ” Investigated: “The lawmakers accused the heads of Exxon Mobil Corp., BP Plc’s U.S. unit, ConocoPhillips, Chevron Corp and Shell Oil of lying during a Senate hearing in November when they said their companies did not participate in the energy task force headed by Vice President Dick Cheney.”: Posted Thursday 15 December 2005: READ

Business Wire: Black & Veatch and Shell Puget Sound Refinery Win Prestigious 2005 Best Project Award for Sulfur Recovery Unit Expansion: “The project doubled the refinery’s capacity to remove sulfur and supports a process that results in sulfur being used in the creation of fertilizer and sulfuric acid rather than being released in the atmosphere.”: Posted Wednesday 15 December 2005: READ

read more

Shell News Archive Saturday 31 December 2005

Shell News Archive Saturday 31 December 2005

Toronto Star: Royal Dutch Shell eyes Canadian minority buyout: Offer could be worth $7 billion: Saturday 31 December 2005: READ
 
Business Times Malaysia: Joint venture field delivers first gas: “SHELL Malaysia and Petronas Carigali Sdn Bhd have achieved a major milestone with the delivery of first gas from their jointly-operated new Shallow Clastics satellite field.: December 31 2005: READ

read more

%d bloggers like this: