Shell performed well in 2006. Our financial position is strong and we posted record income of $26.3 billion, returning $16.3 billion to shareholders. We built on our achievements of 2005 by focusing on delivery and growth, laying solid foundations for our future. Our strategy of more upstream, profitable downstream is on track. We made good [...]
Posts on ‘March 14th, 2007’
Royal Dutch Shell Plc: Chairman’s message from Jorma Ollila
In this, my first message to shareholders, I would like to share with you some of the impressions I have gained since I became Chairman of Royal Dutch Shell plc in 2006. The energy business, as I am seeing first-hand, is at the heart of some of the most important economic, environmental and social issues [...]
Bloomberg: Shell Relied on Qatar Gas Project to Boost Reserves Last Year
By Stephen Voss March 13 (Bloomberg) — Royal Dutch Shell Plc, Europe’s largest oil company, relied on the advancement of its gas-to-liquids project in Qatar for more than half of the gain in its proven reserves last year, the company’s annual report showed. Shell, based in The Hague, had proven oil and gas reserves equal [...]
MarketWatch: Shell says oil prices may stay robust, but trend lower in this year
By Benoit Faucon Last Update: 6:35 AM ET Mar 14, 2007 LONDON (MarketWatch) — Royal Dutch Shell PLC expects oil prices to stay robust in 2007 but see them trending lower this year than in 2006, the company said Tuesday in its annual report. In its report to the U.S. Securities and Exchange Commission, the [...]
Times Online: Pay rise for Shell CEO
March 14, 2007 Steve Hawkes The oil major proposes easier bonus targets as Jeroen van der Veer pockets £2.5 million for 2006 The oil giant Shell is altering its bonus structure to make it easier for main board directors to scoop bigger payouts, it emerged today. The news came as the group’s annual report for [...]
AFP: Shell, no plans to leave Nigeria’s restive oil region
SHELL TO STAY: A Nigerian schoolboy walks past the logo of Dutch oil giant Shell near Warri in the volatile Niger-Delta region. Despite incessant attacks on its facilities and personnel by militants Shell is staying in the oil-rich region. (REUTERS) ——————————————————————————– March 14, 2007: LAGOS, Nigeria – Anglo-Dutch oil giant Shell said Wednesday it [...]
MarketWatch: Shell reiterates Iran sanctions risk as pressure intensify in U.S.
By Benoit Faucon Last Update: 6:35 AM ET Mar 14, 2007 LONDON (MarketWatch) — Royal Dutch Shell PLC has reiterated a warning about the risks it faces from possible sanctions being imposed on Iran, as pressure intensifies in the U.S. against foreign companies investing in the Islamic republic. The U.S. State Department last week warned [...]
ROYAL DUTCH SHELL GROUP: CONTINGENT LIABILITIES AND LEGAL PROCEEDINGS
Royal Dutch Shell Plc Annual Report and Form 20-F for year ending December 31, 2006 Extract from page 135 Included in legal provisions at December 31, 2006 is $0.5 billion in respect of a class action for alleged losses relating to the 2004 recategorisation of certain hydrocarbon reserves (see Note 32). (Extracts from pages 146 [...]
Dow Jones Newswires: Shell Eyes Developing Iraqi Gas Fields – Iraqi Official
By Hassan Hafidh Royal Dutch Shell PLC (RDSA) has expressed its willingness to the Iraqi government to invest in Iraq’s gas fields and to set up a pipeline that would connect these gas fields to Europe via Turkey, a senior Iraqi oil official said Tuesday. “There are attempts by Shell to open talks with the [...]
GlobalContinuity.com: Battle over Nigerian oil platform
Author: Jim Ensom Nigerian troops have been fighting militia fighters in swamps around a Royal Dutch Shell PLC oil platform that militants attacked on 11 March 2007, the third assault on Shell oil facilities in less than a week in the troubled region. Shell confirmed the attack on the Benisede oil platform in the southern [...]
New York Sun: Democrats Retreat on War Funds
EXTRACT: Ms. Pelosi endorsed toughening American sanctions on Iran by stripping the executive branch of the power to waive the sanctions. Her position would effectively establish a trigger to deny companies such as Royal Dutch Shell access to the American financial markets if they continued to work with Iran. THE ARTICLE Engel Emerges as Key [...]
The Grand Junction Sentinel (Colorado): River district scores $300k to study energy’s impact on water supplies
EXTRACT: Jill Davis, spokeswoman for Royal Dutch Shell, which plans to commercially produce oil shale in the Piceance Basin, said it’s highly unlikely the company will release information about its long-term water consumption and oil production because such information is speculative. By BOBBY MAGILL Wednesday, March 14, 2007 Commercial oil shale, tar sands and increased [...]
The Daily Record: Oil giants pay up over rig death suit
Published: Mar 14, 2007 A WOMAN who sued two North Sea oil giants for pounds 800,000 over her husband-to-be’s death has settled out of court. Jacqueline Ogilivie took on Shell and services firm Wood Group after a gas leak on an oilrig killed her partner, Keith Moncrieff. Up to 2.5 tons of gas suffocated the [...]
Financial Times: Angola warned on oil expansion
By Carola Hoyos in Vienna Published: March 14 2007 02:00 | Last updated: March 14 2007 02:00 Saudi Arabia, the most powerful member of the Organisation of the Petroleum Exporting Countries, has told Angola, its newest entrant, not to assume it will be able to expand production past 2m barrels a day. This is a [...]
The Wall Street Journal: Halliburton Plays Catch Up
CEO’s Part-Time Stint in Middle East Is Move to Cash In on 3-Year Boom By ANA CAMPOY, RUSSELL GOLD and CHIP CUMMINS March 14, 2007; Page A8 Halliburton Co.’s chief executive joins the swelling ranks of Westerners hoping more face time in the Middle East will help them cash in on the region’s investment surge [...]


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