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February 2nd, 2007:

The Calgary Herald: Shell boss calls for emissions controls

2 February 2007

Governments should impose more rules to limit emissions of carbon dioxide and other gases blamed for global warming, said the head of RoyalDutch Shell PLC, Europe’s largest oil company.

“Governments, plural, should make international frameworks” to limit carbon dioxide, Shell PLC chief executive Jeroen van der Veer said in London on Thursday at an earnings press conference. “CO2 will play a major role in our industry and we have to develop more technology.”

Energy executives from other energy companies have called for more regulation. Duke Energy Corp. chief executive James Rogers, who runs the largest U.S. utility, advocates a U.S. national cap on carbon dioxide emissions. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

ISNA – Tehran: Shell and Repsol investments in South Pars field scoring up to $7 billion Service: Energy

02-02-2007

TEHRAN, Feb.2 (ISNA)-Iran Pars gas and oil company manager informed that the investments of Shell and Repsol companies would amount to 7 billion dollars in phases 13 and 14 of South Pars oilfield.

The Anglo-Dutch company of Shell and the Spanish company of Repsol have signed a preliminary deal to develop part of Iran’s giant South Pars field.

Speaking to ISNA, Akbar Torkan also acknowledged that the upper and lower section of liquid natural gas (L.N.G) projects in phase 11 of South Pars would be completed by late February and undergo the final investment decision (FID) stage. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Sharecast.com: Broker tips: Shell, AstraZeneca, Sage, Imperial, Centrica

Fri 02 Feb 2007

LONDON (SHARECAST) – Goldman Sachs has downgraded shares in Royal Dutch Shell to “neutral” from “buy” and trimmed its price target to 1900p from 2050p.

The US broker applauded the results with profits and reserve replacement ahead of expectations but said cap-ex of up to $4bn is a concern.

JP Morgan also cut its stance on the oil group to “neutral” from “overweight”, while Dresdner Kleinwort cut its stance to “hold” from “buy”.

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

The Calgary Herald: Royal Dutch makes final offer for Shell Canada: $45 per share on the table for Shell Canada

Lisa Schmidt, Calgary Herald; with a file from Reuters
Published: Friday, February 02, 2007

Royal Dutch Shell PLC says it is ready to abandon its bid to buy out Shell Canada Ltd. if minority shareholders do not accept its sweetened offer of $8.7 billion.

“The $45 per share offer, we think, is full and fair value . . . so it is now for the minority shareholder to make up their mind,” chief executive Jeroen van der Veer said on Thursday.

“At a certain moment, if we don’t get enough people who are prepared to take this full and fair-valued offer, then we move on . . . We have plenty of investment opportunities.” read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

The Wall Street Journal: Russia and Iran Discuss A Cartel For Natural Gas

 Wall Street Journal Gas Chart

Potential Clout Alarms
Big European Buyers;
Previous Effort Fizzled
By RUSSELL GOLD and GREGORY L. WHITE
February 2, 2007; Page A1

Russia and Iran — which hold nearly half the world’s natural-gas reserves — are talking about creating an OPEC-like organization for gas, a move that has the potential to unsettle energy markets and redraw geopolitical alignments.

Gas accounts for a growing share of global energy use, but the nations that produce most of it don’t work together to influence markets. That’s a stark contrast to the oil market, in which members of the Organization of Petroleum Exporting Countries manage output to keep prices at levels they favor.
 
During his annual news conference in the Kremlin yesterday, Russian President Vladimir Putin said “a gas OPEC is an interesting idea. We will think about it.” His comment comes days after Iranian Supreme Leader Ayatollah Ali Khamenei publicly called on a visiting Kremlin official to establish a group of natural-gas producers similar to OPEC. Russia and Iran are the world’s largest and second-largest holders of gas reserves, respectively. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

AFX Europe (Focus): Sibir Energy says Shell crude oil jv in Salym Fields passes 70,000 bopd

Published: Feb 02, 2007

LONDON (AFX) – Sibir Energy PLC said its 50:50 joint venture with Royal Dutch Shell in the Salym group of fields in western Siberia, Salym Petroleum Development NV (SPD), has reported today that the total crude oil production rate at the fields has passed 70,000 barrels per day (bopd).

Combined with production from Sibir subsidiary, Magma at the Yuzhnoye fields in western Siberia, Sibir said its total daily production now exceeds 43,000 bopd.

Sibir CEO Henry Cameron said, “Reaching the 70,000 bopd milestone this early in the year means that production is on track and will continue to gain momentum throughout the rest of 2007.” read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Financial Post (Canada): Shell shares fall as parent warns it could drop bid: Below offer price

Published: Feb 02, 2007

CALGARY – Shares of Shell Canada Ltd. dipped yesterday below the offer price set by Royal Dutch Shell PLC after the parent company said it was prepared to walk away from its bid to take out minority shareholders.

“The $45-per-share offer, we think, is full and fair value so it is now for the minority shareholder to make up their mind,” chief executive Jeroen van der Veer said.

“At a certain moment, if we don’t get enough people who are prepared to take this full and fair-valued offer, then we move on we have plenty of investment opportunities.” read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Financial Times: How Shell is taking the long view

By Ed Crooks
Published: February 2 2007 02:00 | Last updated: February 2 2007 02:00

Even by the standards of the energy industry, Jeroen van der Veer, Shell’s chief executive, is taking the long view. The question is whether even the most far-sighted investors are prepared to wait for the pay-off.

What he is doing, he said yesterday, is “building anew energy infrastructure” that will reward the company for the next three decades and more.

The context, as Mr Van der Veer set it out yesterday, is the increasingly ferocious competition round the world for oil and gas. To get access to resources, Shell, like other international oil companies, is being driven further into more challenging projects. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Financial Times: Sakhalin-2 stake sale to cost Shell 400m boe from reserves

By Ed Crooks
Published: February 2 2007 02:00 | Last updated: February 2 2007 02:00

The sale under duress of half its stake in Sakhalin-2, the $22bn (£11bn) oil and liquefied natural gas project off the far-east coast of Russia, is expected to cost Shell about 400m barrels of oil equivalent from its reserves, writes Ed Crooks.

The effect of the deal, agreed just before Christmas, on Shell’s reserves was a fresh jab in a spot that is still sore after the scandal of 2004, when the reserves were found to have been overstated. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

New York Times: Exxon and Shell Report Record Profits for 2006

ExxonMobil

A fuel delivery to a service station in Keller, Tex. Exxon Mobil reported that it earned $39.5 billion in 2006.

Donna McWilliam/Associated Press               
By CLIFFORD KRAUSS
Published: February 2, 2007

HOUSTON, Feb. 1 — Oil prices have fallen, but Exxon Mobil and Royal Dutch Shell left their smaller competitors in the dust and reported record annual profits Thursday.
 
By making $180 million a day between them, the two largest publicly traded oil companies displayed their ability to ramp up production worldwide over the year, even in unstable places like Chad and Nigeria. Growth may be slowing and is likely to continue to do so in the future, but these two companies showed they could navigate the year’s volatile energy prices that caused smaller companies to stumble in their fourth-quarter profits. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

New York Times: FAQ: Guide to alternative fuels

Michael Kanellos, for News.com

What will you fill up your car with in five to ten years? It’s hard to say. Several different alternatives to petroleum and diesel, or ways to economize on them, have come forward in the past few years, and each has its own pluses and minuses.

Experts warn that it won’t be easy to get off of petroleum or reduce how much the world uses. The amount of energy per liter derived from petroleum is far better than most of the alternatives, a worldwide infrastructure based on it already exists, and people tend to be lazy–seeking out alternative fuels takes some effort. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

The Guardian (UK): Profits up a fifth but Shell emits more CO2 than most countries

Terry Macalister
Friday February 2, 2007

ExxonMobil and Shell, two of the biggest carbon emitters in the world, reported combined annual profits yesterday of nearly £90m a day, earned largely from oil production, refining and petrol stations.

The earnings triggered protests from trade unions and fuel poverty groups as well as environmental campaigners.

Exxon’s net income of $39.5bn (£20bn) last year is the largest ever recorded in US corporate history and comes amid mounting fears worldwide about the impact of CO2 output on global warming. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

The Guardian: Dull does it for Shell – up to a point

Nils Pratley
Friday February 2, 2007

It is the largest annual profit recorded by a British company, or would be if only we could claim Shell as a true Brit. Shell has rarely looked and sounded so Dutch, from chief executive Jeroen van der Veer, who says with gross understatement that profits of $25.3bn (£12.9bn) made 2006 “by and large, a good year,” to finance director Peter Voser, who describes the miracle by which the loss of half the stake in the Sakhalin-2 project in Russia implies a reduction of a mere 100m barrels, or 1%, in Shell’s net reserves. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

The Guardian (UK): Animal Rescue: Western Pacific grey whale

There are now just a few thousand tigers left. Seven hundred mountain gorillas. A hundred Iberian lynx. Can we do anything to help them? Emine Saner looks at 10 animals we just have to save – and how you can get involved

Friday February 2, 2007

Western Pacific grey whale

The Eastern Pacific grey whale, which travels along the west coast of America, has bounced back in recent years. But not its Western cousin. There are just 100 of them left in the world – and just two dozen or so females of breeding age. Their only feeding ground is around Sakhalin Island, off the far eastern coast of Russia, and thanks to Shell (and now Russia’s energy giant Gazprom), their survival looks increasingly unlikely. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

The Guardian (UK): Scientists offered cash to dispute climate study

Polar Bear

(The arctic habitat of polar bears is under threat as climate change causes ice to melt. Photograph: Joseph Napaaqtuq Sage/AP)

Ian Sample, science correspondent
Friday February 2, 2007

Scientists and economists have been offered $10,000 each by a lobby group funded by one of the world’s largest oil companies to undermine a major climate change report due to be published today.

Letters sent by the American Enterprise Institute (AEI), an ExxonMobil-funded thinktank with close links to the Bush administration, offered the payments for articles that emphasise the shortcomings of a report from the UN’s Intergovernmental Panel on Climate Change (IPCC). read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

The Independent (UK): Sakhalin and Nigeria force Shell to shelve key targets

US and UK oil majors post record-breaking profits but growth prospects under scrutiny

By James Moore
Published: 02 February 2007

Shell has been forced to ditch its target of producing 4 million barrels of oil a day by 2009, because of a series of setbacks on key projects.

The bad news on production took the gloss off the $25.4bn (£12.9bn) of profits the company produced in 2006 – which smashed the record for a British company and was up 12 per cent on the previous year.

A number of Shell’s key projects have been dogged by difficulties in the past 12 months, including being forced to cede control of the Russian Sakhalin Island project to Gazprom and the current impasse with militants in Nigeria’s Niger Delta where production has ceased. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.
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