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Posts on ‘March 8th, 2006’

Financial Times: Exxon rules out paying special dividend (Exxon takeover of Shell?)

By Doug Cameron in Chicago Updated: 3:12 p.m. ET March 8, 2006 Exxon on Wednesday ruled out paying a special dividend, a stance that leaves the world's largest listed oil and gas group well-positioned to make a “substantial” acquisition. The US group has sat out the latest round of industry consolidation, using record profits from [...]

ShellNews.net: ‘Tell Shell’ Internet discussion forum still gagged

By Alfred Donovan The ground-breaking “TellShell” discussion forum launched some eight years ago by Royal Dutch Shell Group was suspended early in November 2005. Since then visitors to the forum have been greeted by the following message: – “Thank you for visiting our site. We’re currently redesigning our forum and plan to be back on-line [...]

TradingMarkets.com (LA): OPEC To Maintain Oil Output Amid Geopolitical Instability

Wednesday, March 08, 2006; Posted: 11:04 AM (RTTNews) – Amid uncertainties regarding the International Atomic Energy Agency's ongoing meeting to decide the faith of Iran's nuclear program, the Nigerian militant crisis and disturbances in the Middle East, the decision by the OPEC on Wednesday, to leave the current output ceiling unchanged came as a breather. [...]

Reuters: Statoil, Shell set world's biggest CO2 seabed plan

Wed Mar 8, 2006 1:09 PM GMT By John Acher and Ina Vedde-Fjaerestad OSLO (Reuters) – Energy groups Statoil and Shell plan the world's biggest scheme to bury industrial gases beneath the seabed in a $1.2-$1.5 billion project off Norway to raise oil output and curb global warming, the firms said on Wednesday. It would [...]

TMCnet: Anji Jiffy Lube Opens First Store in Shanghai

Jiffy Lube, a leading chain of fast lube and oil change centers in the US, formally extends reaches to Shanghai. Jiffy Lube is a wholly owned subsidiary of Royal Dutch Shell Group established in 1979 and now it has over 2,200 outlets in the US and Canada. At the beginning of 2005, Shell joined forces [...]

THE TIDE (NIGERIA): Shell and Niger Delta question (A first rate article)

• Wednesday, Mar 8, 2006 The recent abduction of four expatriates attached to Shell Petroleum Development Company (SPDC) at one of its offshore oilfields, “the .Sea Eagle,” and the continued threats of abduction of oil workers once more brings SPDC’s relations with its host communities to the front burner. The abduction of the expatriates and [...]

The Tide (Nigeria): Militants destroy Shell manifolds in Bayelsa

Fyneface Aaron • Wednesday, Mar 8, 2006 Amidst the relative calm that now prevails in Bayelsa State, militant groups have struck again at Ekeremor Local Government Area, destroying two manifolds built by Shell Petroleum Development Company at Agge and Agoro. Ekeremor in Bayelsa West Senatorial District has porous boundary with Bomadi and Burutu in Delta [...]

Norway Post: Shell and Statoil offer CO2 solution for gas fired power plant

Statoil and Shell want to form a joint company which will transport the greenhouse gas CO2 from gas fired power plants to the Draugen Field in the Norwegian Sea. This will increase output of oil and extend the life of the field. The plans will be presented Wednesday morning. In this way it will economically [...]

THE WALL STREET JOURNAL: The New Act at Exxon

CEO Tillerson, Prototype of Texas Oilman, Must Focus on Delicate Global Diplomacy By JEFFREY BALL March 8, 2006; Page B1 Rex Tillerson just got the top job at the biggest publicly traded oil company on the planet. But his success as chairman and chief executive of Exxon Mobil Corp. is likely to be measured by [...]

Asia Pulse: NORTH WEST SHELF VENTURE SIGNS 12-YR CONTRACT WITH CHUGOKU

Mar 08, 2006 SYDNEY, March 8 Asia Pulse – The North West Shelf Venture has signed a 12-year contract with Chugoku Electric Power Co Inc for the long-term supply of liquefied natural gas (LNG). The North West Shelf Venture will supply between 1.2 million and 1.4 million tonnes of LNG a year to Chugoku Electric [...]

Lloyds List: ONGC drills ahead with Norway's EMGS

Mar 08, 2006 INDIA'S state-owned explorer-producer Oil ' Natural Gas Corp has tied up with Norway's Electromagnetic Geoservices to improve its prospects of recovering oil and gas through deepwater drilling, writes Shirish Nadkarni in Mumbai. The tie-up will give ONGC access to the Norwegian company's pioneering, patented technology in this area, named 'seabed logging', which [...]

Irish Independent: Shell accused of failing to lodge 20m planning bond

Mar 08, 2006 Ann O'Loughlin SHELL has failed to adhere to a planning condition requiring it to lodge a 20m security for the costs of the future restoration of the site of the gas terminal connected to the development of the Corrib gas field in Co Mayo, it was claimed in the High Court yesterday. [...]

AFX Europe (Focus): Statoil, Shell in plan to raise oil output by injecting CO2 – report

Mar 08, 2006 OSLO (AFX) – Statoil ASA and Shell are to unveil plans to use carbon dioxide from a new gas-fired power plant to inject into the Draugen field on the west coast of Norway to increase oil recovery, Norwegian daily Aftenposten reported, without citing sources. Statoil last night said it and Shell would [...]

Irish Times: Shell did not adhere to planning requirement, court told

Mary Carolan Mar 08, 2006 Shell has failed to adhere to a planning condition requiring it to lodge a 20 million security for the costs of the future restoration of the site of the gas terminal connected to the development of the Corrib gas field in Co Mayo, it was claimed in the High Court [...]

Asia Pulse: SHELL PLANS TO INVEST US$500 MLN IN CHINA

Mar 08, 2006 BEIJING, March 8 Asia Pulse – Royal Dutch Shell plans to invest US$500 million this year in both the upstream and downstream sectors to increase its presence in the competitive Chinese energy market, a senior executive yesterday said. “So far we have invested some US$3.5 billion in China and we hope to [...]