Posts on ‘February 6th, 2006’

AFX News Limited Shell, Sonatrach sign MoU to jointly explore investments in Algeria LONDON (AFX) – Royal Dutch Shell PLC said it signed a memorandum of understanding with Algerian state-owned energy group Sonatrach to jointly explore investment opportunities in Algeria and elsewhere. Upstream development projects, including a possible asset swap, are among the key areas [...]

Analyst Tina Vital says the company faces higher costs. Royal Dutch Shell (RDS.A ) : Cuts to 3 STARS (hold) from 4 STARS (buy) Analyst: Tina Vital Based on valuation, we are lowering our opinion on the American Depositary Receipts (ADS) of Royal Dutch Shell to hold. While the fourth quarter current cost of supplies [...]

By Alfred Donovan (All of the underlining below is mine…) THE HYPE & SPIN THE RIGHTS OF NOBEL LAUREATE *KEN SARO-WIWA TO FREELY HOLD AND AIR HIS VIEWS (ABOUT SHELL): EXTRACTS FROM Shell.com website: “We did, however, speak out both publicly and privately about human rights issues on a number of occasions. For instance, during [...]

February 6, 2006 (AP) – About 250 employees of Shell Exploration & Production Co. returned to the firm's downtown New Orleans offices Monday for the first time since Hurricane Katrina struck on August 29. Another 750 Shell employees will be back at the One Shell Square building during the week of February 20. Shell employs [...]

Revenue Sharing Can Aid Our Energy Independence February 6, 2006; Page A19 In regard to “Presidential Energy” by Ronald Bailey, editorial page, Feb. 2: For almost 30 years I served in Congress and worked on the issue of offshore oil and gas revenue sharing. There, I saw firsthand the connection with the activities in my [...]

Hilton warns investors of tax bill By Christopher Hope (Filed: 06/02/2006) Hilton Group is risking the wrath of shareholders by warning that the £3.3 billion sale of its hotels to America's Hilton Hotels Corporation could leave them with a big income tax bill. The company's prospectus discloses on page 8 that “it is possible that [...]

Bumper earnings are anticipated for BP's fourth-quarter results tomorrow on the back of high oil prices when investors will be looking to share in the bonanza through more share buybacks. Analysts' consensus forecast for profit in the quarter ending December is $5.6billion (£3.2billion), up from $4.76billion a year earlier. Fourth quarter earnings will have been [...]

KUWAIT: The Kuwait Foreign Petroleum Exploration Company (Kufpec), Shell, and South China Resources (SCR) signed a contract with the Department of Energy in the Philippines for offshore oil and gas explorations in Northeastern Palawan, Kufpec announced yesterday. Kufpec said the contract covered an area that exceeds one million hectares, 30 per cent of which is [...]

Delta Oil and Gas, Inc. (OTC BB: DOIG) is pleased to announce that the Board of Directors has authorized management to undertake an equity financing of $2,000,000 through a private placement of its securities to two investors. The equity financing is expected to be comprised of approximately 454,000 shares of restricted common stock at the [...]

By Maija Palmer Published: February 6 2006 02:00 | Last updated: February 6 2006 02:00 MONDAY *Autonomy will report its first figures since the £282m acquisition of much bigger US rival Verity. The turmoil of such a large acquisition will make numbers relatively meaningless and the focus will be getting a flavour of what the [...]