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Posts from ‘May, 2006’

ShellNews.net: The Internet battleground for Shell’s reputation

1st June 2006 By Alfred Donovan An article published on 22nd May by BrandRepubic.com (printed below) revealed Shell’s plans to appoint a digital agency to turn around the online reputation of Shell. This represents a very considerable challenge as it is almost impossible to search for any online information relating to Shell without stumbling across […]

ShellNews.net: Reflections on the inaugural satellite AGM for second class Shell shareholders

31 May 2006 By John Donovan On 16th May I attended the inaugural Royal Dutch Shell Plc AGM located in West London. This was the downgraded (satellite) venue for what are evidently considered to be second class Shell shareholders. I refer to the former shareholders in Shell Transport and Trading Company Plc. Not a single […]

Business Times: Saag clinches US$50m Sakhalin Energy contract

By Zaidi Isham Ismail [email protected] May 31 2006 OIL and gas service provider Saag Consolidated (M) Bhd has clinched a US$50 million contract from Russia’s Sakhalin Energy Investment Co Ltd. Under the contract, Saag will be part of an exploration team assisting Sakhalin Energy, with the aim of stepping up crude oil production. Sakhalin Energy […]

RosBusinessConsulting (Russia): Gazprom to complete asset swap talks with Shell soon

RBC, 30.05.2006, St. Petersburg 19:14:02.Gazprom plans to complete asset swap talks with Shell within the terms of the Sakhalin-2 project by July 1, 2006, Gazpromexport’s (Gazprom’s fully owned subsidiary) Deputy General Director Sergei Yemelyanov said in St. Petersburg today. As reported earlier, Gazprom and Royal Dutch/Shell signed a memorandum of understanding to swap assets within […]

Vanguard (Nigeria): Militants issue fresh threat to Shell

By Emma Amaize Posted to the Web: Wednesday, May 31, 2006    Warri —  A militant group, the Iduwuni Volunteer Force (IVF) in Bayelsa State, has threatened to shut down all flow stations/oil wells in their area belonging to  Shell Petroleum Development Company (SPDC) if no tenable explanation is offered by the company for its […]

THE WALL STREET JOURNAL: Oil News Roundup: May 31, 2006

The price of crude oil resumed its volatile trading Tuesday, jumping 66 cents a barrel to close at more than $72 on the New York Mercantile Exchange, driven in part by fresh evidence of China’s thirst for oil. Here is today’s news roundup on oil and energy. * * * STILL THIRSTY FOR OIL: China’s […]

The Guardian: British nuclear renaissance faces threat of skills meltdown

· Staffing is biggest issue for industry, says union · Firms already offering £10,000 signing-on fees Terry Macalister Wednesday May 31, 2006 The Guardian A skills shortage threatens to derail Britain’s nuclear decommissioning and new building programme, the industry’s biggest trade union has warned. Prospect, the engineering, science and management union, said the poaching of […]

Business Wire: Deep Well’s Valuation is Set in the Oil Sands Game…

Business Wire: Deep Well’s Valuation is Set in the Oil Sands Game after Shell’s/BlackRock Takeover Bid; Deep Well’s Reserves Value is Estimated, in Comparison at $16.60 Per Share, Says Investrend Affiliate SISM Research Analyst Ernest C. Schlotter May 30, 2006   (Investrend Research Syndicate) Ernest C. Schlotter, a senior analyst with Investrend affiliate SISM Research […]

Financial Times: Energy: Banks still have a role to play

By Thomas Catan Published: May 30 2006 19:15 | Last updated: May 30 2006 19:15 With energy prices at record highs, oil and gas companies are hardly begging for money these days. ExxonMobil has posted the largest annual profit in corporate history; BP, Royal Dutch Shell and other “supermajors” are struggling to find ways to […]

Financial Times: Strength in special situations

By Ellen Kelleher in London Published: May 31 2006 03:00 | Last updated: May 31 2006 03:00 There are two types of companies in which Luke Newman, manager of F&C’s £50.5m Special Situations fund, likes to invest: those that are undergoing some sort of change and those with share prices that imply little to no […]

Reuters: Western Oil Sands casts eye on Iraq’s Kurdistan

CALGARY, Alberta (Reuters) – Western Oil Sands Inc. (WTO.TO: Quote), whose sole business is a stake in a Canadian oil sands project, said on Tuesday it will explore for oil in Iraq’s Kurdistan region. The Calgary-based firm said its WesternZagros Ltd. unit has signed a exploration and production sharing agreement (EPSA) with the Kurdistan Regional […]

EFF: Huge Win for Online Journalists’

A California state appeals court ruled in favor of the Electronic Frontier Foundation’s (EFF’s) petition on behalf of three online journalists Friday, holding that the online journalists have the same right to protect the confidentiality of their sources as offline reporters do.A California state appeals court ruled in favor of the Electronic Frontier Foundation’s (EFF’s) […]

BBC News: US court backs online reporters

30 May 2006 Online journalists have the same rights as traditional reporters, a Californian court has ruled. The decision was made in a case brought by Apple against a number of reporters who published information online about a future Apple product launch. Apple filed the lawsuit to find out the source of the reporter’s information. […]

vnunet.com: Apple loses web censorship case

Judge overturns AppleInsider and PowerPage rulings Tom Sanders in California, 30 May 2006 California judge has ruled against Apple’s request to force several bloggers to reveal the sources of confidential information leaks. The ruling overturned an earlier verdict in Apple’s favour. Apple had alleged that AppleInsider and PowerPage had violated its trade secrets. Both websites […]

Personal Computer World: Apple beaten by bloggers: Victory seen as a major win for journalists and bloggers

Martin Lynch, 30 May 2006 Apple’s attempts to force an online technology news site to reveal its source have been blocked by a US State appeals court. Apple had initially been granted permission to subpoena the email records of Apple insider and another site Powerpage.org in order to ferret out a mole that had leaked […]

Indianapolis Star: Clerks are bearing brunt of gas rage: Stations urging consumers to remain calm

By Tim Molloy Associated Press LOS ANGELES — Tempers are rising along with gas prices. Gas stations across the country report that drivers are taking out their gas rage against big oil by yelling at clerks and cashiers and sometimes driving off without paying.   “Everyone is suffering at the same time,” said Sam Shirazie, […]

AFX Europe (Focus): Anglo American/Shell alliance may develop 5 bln aud Australian project – report

May 30, 2006   SYDNEY (XFN-ASIA) – Royal Dutch Shell group and mining giant Anglo American Corp have formed an alliance that may result in the 5 bln aud Monash synthetic diesel and electricity project being developed in the Australian state of Victoria, the Age newspaper reported, citing the companies. Shell and Anglo have formed […]

Financial Times: Doubles partner goes solo

By Christopher Brown-Humesin Stockholm Published: May 30 2006 03:00 | Last updated: May 30 2006 03:00 Talk about a hard act tofollow. When Olli-Pekka Kallasvuo takes over as chief executive of Nokia on Thursday, he will be stepping into the shoes of Jorma Ollila, who over 14 years built the company into the world’s leading […]

Financial Times: Putin’s double vision

Published: May 30 2006 03:00 | Last updated: May 30 2006 03:00 There are many reasons to express doubts about the move by Arcelor, the Luxembourg-based steel group, to buy Severstal of Russia in order to sidestep the hostile bid by Mittal Steel. One is the way the Arcelor board is presenting the takeover as […]

Financial Times: China region feels weight of industrial revolution

By Tom Mitchell in Daya Bay Published: May 30 2006 01:39 | Last updated: May 30 2006 01:39 South China’s first industrial revolution bypassed Donglian, a poor village on the picturesque shores of Daya Bay. The factory sprawl that raced through Guangdong province’s manufacturing heartland in the 1980s and 1990s never reached this corner of […]

Reuters: Oil tops $71.50 on Iran concern, ahead of OPEC

By Neil Chatterjee SINGAPORE (Reuters) – Oil prices rose toward $72 on Tuesday, as a dispute between Iran and the West over Tehran’s nuclear programme rumbled on and OPEC delegates said the cartel would keep pumping at near maximum rates to soothe market fears. U.S. crude for July delivery was trading 38 cents up at […]

Sydney Morning Herald: Anglo signs Shell to Latrobe brown coal project

By Barry FitzGerald May 30, 2006 PROSPECTS for the vast brown coal resources in Victoria’s Latrobe Valley to host a $5 billion synthetic diesel and electricity project have soared. Anglo-Dutch oil major Shell has thrown its money and technology behind the project, the Monash energy project near Traralgon, in a global alliance with the project […]

MarketWatch: Petrobras, Shell to lose Bolivia gas stations — report

Last Update: 10:49 AM ET May 29, 2006 RIO DE JANEIRO (MarketWatch) — Brazil’s state-run oil firm Petroleo Brasileiro SA (PBR), or Petrobras, Royal Dutch Shell (RDSB.LN), and other private firms within a month will have to turn over their Bolivian gas station network to state-energy firm Yacimientos Petroliferas Fiscales Bolivianos, or YPFB, the Estado […]

The Guardian: China invites oil firms to join invasion of Tibet

Terry Macalister Tuesday May 30, 2006 The Chinese government is to woo foreign companies such as BP and Shell to explore for oil in Tibet. The controversial move follows a failure by the partly state-owned PetroChina to realise Beijing’s hopes that the disputed land could quickly become a major source of fuel for energy-starved China. […]

Financial Times: International companies: Big profits and big troubles

By Thomas Catan Published: May 29 2006 13:34 | Last updated: May 29 2006 13:34 Amid soaring energy prices, international oil companies are making unprecedented profits.   ExxonMobil posted the largest annual profit in corporate history this year. BP, Royal Dutch Shell and the other “supermajors” are having a difficult time working out what to […]

The Guardian: Arcelor merges with Russian steel group in final snub to Mittal’s €25bn bid

David Gow in Brussels Saturday May 27, 2006 The Guardian Arcelor, the pan-European steel group, yesterday torpedoed Mittal’s latest hostile takeover bid by buying Russia’s Severstal in an agreed 13bn euro (£8.8bn) deal designed to create an “unrivalled global champion” out of reach of its Indian-owned predator. The friendly transaction will see Alexei Mordashov, who […]

Monsters and Critics.com: Industry divided on energy from coal

ST. LOUIS, MO, United States (UPI) — U.S. energy industry leaders are divided on the best way to produce energy from coal — with some providers showing reluctance to adopt cleaner technology. U.S. coal reserves could last at least 200 years at the current rate of energy consumption, but coal is largely responsible for increases […]

MarketWatch: Petrobras, Shell to lose Bolivia gas stations — report

   May 29, 2006   RIO DE JANEIRO (MarketWatch) — Brazil’s state-run oil firm Petroleo Brasileiro SA (PBR), or Petrobras, Royal Dutch Shell (RDSB.LN), and other private firms within a month will have to turn over their Bolivian gas station network to state-energy firm Yacimientos Petroliferas Fiscales Bolivianos, or YPFB, the Estado newswire said Monday. […]

The Independent: Shell and Statoil seek partner for new ‘clean energy’ project

By Tim Webb Published: 28 May 2006 Shell and Norwegian oil company Statoil are seeking a partner for their revolutionary $1.5bn (£800m) project to take millions of tons of carbon dioxide (CO2) from a new power station and pump it under the sea. The two companies, which announced plans for the carbon sequestration project in […]

The Independent: Russia seeks to seize control of Sakhalin

By Andrew Osborn in Moscow Published: 26 May 2006 Royal Dutch Shell’s flagship investment in Russia was facing uncertainty last night after the Natural Resources Ministry threatened to scale back the company’s stake in a huge liquefied natural gas project to allow the Kremlin greater control. The threat concerns the Sakhalin-2 project, the largest direct […]

THE NEW YORK TIMES: 2 Industry Leaders Bet on Coal but Split on Cleaner Approach

E-Mail Print Reprints Save By SIMON ROMERO Published: May 28, 2006 WRIGHT, Wyo. — More than a century ago a blustery Wyoming politician named Fenimore Chatterton boasted that his state alone had enough coal to “weld every tie that binds, drive every wheel, change the North Pole into a tropical region, or smelt all hell!” […]

Financial Times: Russia calls for review of two foreign oil projects

By Financial Times reporters Published: May 26 2006 03:00 | Last updated: May 26 2006 03:00 Russia’s natural resources ministry yesterday called for a review of the two largest foreign oil projects in the country, even as senior officials sought to assure EU leaders that Russia was a reliable energy partner. The ministry said the […]

Washington Post: Kuwait eyes Dow, BP, Shell, for possible China plant

Dow Chemical Co. and either British Petroleum or Shell may be partners in a joint-venture refinery project in China that Kuwait is considering to help build, a Kuwaiti official said on Saturday.

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Reuters: Anglo American, Shell form clean coal alliance

Anglo American, Shell form clean coal alliance Thu May 25, 2006 5:31 PM GMT LONDON (Reuters) – Global miner Anglo American Plc said on Thursday it had formed an alliance with Shell Gas & Power International in converting coal to clean energy. Anglo said in a statement that the aim was “to maximise the benefits […]

Financial Times: Russia calls for review of two foreign oil projects

Financial Times: Russia calls for review of two foreign oil projects By Financial Times reporters Published: May 26 2006 03:00 | Last updated: May 26 2006 03:00 Russia's natural resources ministry yesterday called for a review of the two largest foreign oil projects in the country, even as senior officials sought to assure EU leaders […]

The Times: Internships… via Shell

The Times May 25, 2006 Internships… via Shell THE Shell Technology Enterprise Programme (Step) gives 1,000 ambitious students a chance to boost their CV with business skills earned on eight-week placements at selected small and medium sized enterprises (SMEs). This is not about working for Shell, the oil company.Interns collaborate on projects in R&D, business […]

The Independent: Shell's Technology Enterprise Programme: One big Step for studentkind

The Independent: Shell's Technology Enterprise Programme: One big Step for studentkind   Shell's Technology Enterprise Programme offers the best-paid holiday jobs ever. By James Morrison Published: 25 May 2006   For many undergraduates, holiday jobs are spent surgically attached to headsets in sweaty call-centres, or stifling yawns through night shifts at service stations. The idea […]