Royal Dutch Shell plc .com Rotating Header Image

Posts on ‘October 27th, 2006’

Hans Bouman outspoken email to Jeroen van der Veer

The following email containing comments of a controversial nature about current senior managers at Royal Dutch Shell was supplied to us as a result of our appeal for any vintage Hans Bouman emails still in circulation. They are apparently viewed by Shell insiders as prized collectible items because of the outspoken and lucid writing style […]

AP Worldstream: Russian prosecutors may launch criminal case over violations at Shell-led energy project

By: ALEX NICHOLSON, Published: Oct 27, 2006 Russian prosecutors said Friday they may launch a criminal case over alleged environmental violations at a giant Shell-led energy project as officials crank up the pressure at the troubled multibillion-dollar development. “The Prosecutor General’s Office plans to inspect materials provided by the Natural Resource Ministry on ecological violations […]

Bloomberg: Trutnev, Richest Russian Minister, Earns $7.9 Million (Update2)

By Hannah Gardner Oct. 27 (Bloomberg) — Russian Natural Resources Minister Yury Trutnev earned the ruble equivalent of $7.9 million last year, the most of any cabinet member. Economy Minister German Gref earned the least, about $45,000. Trutnev’s income is double what he made in 2004 and about 18 times the 12 million rubles ($448,000) […]

RIA Novosti: Top prosecutors may launch criminal case against Sakhalin II

13:33 | 27/ 10/ 2006  MOSCOW, October 27 (RIA Novosti) – The Prosecutor General’s Office may launch a criminal case against the Sakhalin II oil and gas project in Russia’s Far East once the Ministry of Natural Resources submits a report on the environmental damage caused by the project, a spokeswoman for the country’s top […]

Globe & Mail (Canada): Royal Dutch better think twice about sending Shell team south

DEBORAH YEDLIN CALGARY — On the off chance the top brass at Royal Dutch Shell are thinking about packing off the Shell Canada executive suite to Houston, they would be well advised to visit the oil patch archives to see how similar moves fared. There is some speculation that, as a result of Royal Dutch’s […]

Canberra Times: Shell faces criminal charges in Russia: ‘threat of managers being handed prison sentences of up to seven years’

Oct 27, 2006 The Kremlin has called for managers in a Shell-led consortium developing the Sakhalin-2 oil and gas project in Russia’s far-east to face criminal charges for ”shamefully” damaging the environment. The threat of managers being handed prison sentences of up to seven years came as the Natural Resources Ministry announced it was extending […]

Financial Times: THE AMERICAS: Morales feels heat in negotiations over gas

Oct 27, 2006 By Hal Weitzman in Lima At two minutes past midnight tonight – 180 days since Bolivia’s government decreed the state was to take back control of its natural gas reserves – President Evo Morales hopes to announce the nationalisation has been completed. It is far from clear that the deadline will be […]

London Evening Standard: Soaring costs send Shell profits diving

Oct 26, 2006 Robert Lea Royal Dutch Shell today joined its FTSE 100 arch-rival oil major BP in reporting a fall in profits in the third quarter of the year. Shell admitted today that profits in its key exploration and production division plunged by 25 percent year-on-year, as group earnings in the three months to […]

Irish Times: Dispute over Shell terminal

Oct 27, 2006 Madam, – Leo Corcoran and Brian Coyle (Opinion & Analysis, October 25th) essentially argue for an alternative site for the Corrib Gas Terminal (though they do not endorse the Shell to Sea campaign’s call for an offshore platform). Those of us here in Mayo who have witnessed the long, torturous planning process, […]

AFX Europe (Focus): Chevron Canada to Participate in Athabasca Oil Sands Project expansion

Oct 27, 2006 SAN RAMON, California (AFX) – Chevron Canada Ltd, a subsidiary of Chevron Corp, has elected to participate in the first phase of expansion of the Athabasca Oil Sands Project (AOSP) in Alberta. This is a 100,000 barrels per day (bpd) — Chevron’s share is 20,000 bpd — expansion of oil sands mining […]

Lloyds List: Shell pushes the boundaries with its ultra deepwater Gulf oil production

Lloyds List; Oct 27, 2006 Martyn Wingrove ROYAL Dutch Shell will be the first to produce oil from the ultra deepwaters of the US Gulf of Mexico after launching its Perdido project. The Anglo-Dutch oil major, with partners Chevron and BP, plans to break the world’s water depth record by installing a spar drilling and […]

Financial Times: Oil companies’ bonanza goes on

By Ed Crooks in London and Sheila McNulty in Houston Published: October 27 2006 03:00 | Last updated: October 27 2006 03:00 High oil and gas prices fuelled better-than-expected third quarter results at two of the world’s biggest publicly listed oil companies. ExxonMobil reported its largest profit yet and Royal Dutch Shell recorded a 33 […]

Financial Times: Shell optimistic on Sakhalin

By Ed Crooks, Energy Editor: Published: October 27 2006 03:00 | Last updated: October 27 2006 03:00 Royal Dutch Shell hopes to be able to resolve the disputes that are dogging the Sakhalin-2 gas and oil project off the far-east coast of Russia, Jeroen van der Veer, the company’s chief executive, said. He was speaking […]

Financial Times: BP has enough on its plate without vexatious legal action

By Martin Simons: Published: October 27 2006 03:00 | Last updated: October 27 2006 03:00 From Mr Martin E. Simons. Sir, John Plender’s article on US litigation against BP executive directors (“America’s litigation habit threatens to spread”, October 20) and Jon Moynihan’s letter (October 24) should be compulsory reading for Dutch, US and UK fund […]

Financial Times: Climate change will bring big opportunities as well as dangers

By Ed Crooks: Published: October 27 2006 03:00 | Last updated: October 27 2006 03:00 There are two ways to look at the expenditures that will be required if the world is to make a serious attempt to curb global warming. Pessimists see a huge cost: one that some think means it is not even […]

The Australian: Shell buys into Browse

October 27, 2006 SHELL group is trying to bolster its position in the Browse Basin, north of Broome, which is expected to become an LNG hub next decade. Nexus said yesterday that Shell would pay $US50 million ($65.5 million) for 34 per cent of the Echuca Shoals gasfield, next to Japanese group Inpex’s large Ichthys […]

The Guardian (UK): Shell profits beat expectations and fuel City’s hopes of recovery

Mark Milner Friday October 27, 2006 Shell took the City by surprise yesterday, posting better than expected underlying profits based on high oil prices and strong output figures. Headline profits fell from $7.2bn in the third quarter of 2005 to $6.9bn (£3.7bn) this time but were well above the $5.7bn to $6bn analysts had forecast. […]

The Times: Shell takes BP’s crown as market value hits £120bn

October 27, 2006 By Carl Mortished, International Business Editor   ROYAL Dutch Shell surged past BP to take the hotly contested title of Europe’s largest energy company as the Dutch firm announced a strong set of profits and rebuffed rumours that the company’s controversial Sakhalin-2 gas project was suffering from new budgeting problems. Shell stock […]

The Independent (UK): Shell insists Russia will make $80bn from Sakhalin-2 project

By Saeed Shah Published: 27 October 2006 Shell insisted yesterday that the Russian state should expect to heap revenues of up to $80bn (£44bn) from the giant Sakhalin-2 oil and gas project that the Kremlin has accused of breaching environmental rules. The Anglo-Dutch oil giant said that it should recoup its costs by 2013, after […]

The Wall Street Journal: Breaking Views: Oil

October 27, 2006 Big Oil is at its peak. Investors in industry giants like Exxon Mobil, Royal Dutch Shell and BP have enjoyed a very good past few years as energy prices have climbed. But if the next few years are less rewarding, rising costs as much as lower oil prices will be to blame. […]

The Wall Street Journal: Results at Exxon,Shell May Augur Growth Slowdown

By JEFFREY BALL in Dallas and CHIP CUMMINS in London October 27, 2006; Page A2 Several quarters into one of the flushest periods in the oil industry’s history, Exxon Mobil Corp. and Royal Dutch Shell PLC are showing signs the wild ride might be slowing and that they are settling in for a period of […]

The Wall Street Journal: Oil News Roundup: October 26, 2006 4:56 p.m.

THE WALL STREET JOURNAL ONLINE October 26, 2006 4:56 p.m. Crude-oil futures fell by more than $1 a barrel to nearly $60 on the New York Mercantile Exchange, as some traders locked in gains following a two-day rally on colder weather and a U.S. Department of Energy report of an unexpected drop in crude stockpiles. […]