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Posts from ‘April, 2007’

Financial Times: Urals Energy sure on reserves report

By Ed Crooks in London and Catherine Belton in Moscow Published: May 1 2007 03:00 | Last updated: May 1 2007 03:00 Urals Energy, the oil and gas company, has said it is confident it will not run into trouble with the Russian government, in spite of its report yesterday of a 400 per cent […]

FT REPORT – GRADUATE RECRUITMENT: Industry builds new image

By Miranda Green, Financial Times Published: May 01, 2007 When it comes to attracting those graduates who want to work in engineering, the traditionally glamorous areas of automobile, aerospace and defence still seem to hold the trump card. “It’s the boys’ games,” says Oliver Viel of Trendence. “Aeroplanes, rockets and cars still interest them the […]

Financial Times: Tigers’ homemade air force delivers new threat to Colombo

By Joe Leahy in Mumbai Published: May 1 2007 03:00 | Last updated: May 1 2007 03:00 An attack by the fledgling air force of Sri Lanka’s Tamil Tiger separatists has thrown the island’s international airport into disarray, with foreign carriers suspending or altering flights for fear of being caught up in an escalating air […] Europe up on merger activity

POSTED: 1841 GMT (0241 HKT), April 30, 2007 LONDON, England (Reuters) — European shares rose on Monday on a fresh wave of merger activity, including a proposed tie-up between Germany’s Deutsche Boerse and U.S. equity options market International Securities Exchange. Cable & Wireless Plc — one of the top gainers among UK stocks — rose […]

Reuters: FACTBOX-Disputed maritime oil and gas areas in Asia

Monday April 30, 6:17 PM April 30 (Reuters) – Maritime disputes may hold up prospective energy developments in Asia for years or decades despite high oil and gas prices, but analysts say joint development is still on the cards. Here is a factbox on some of the disputed areas. GREATER SUNRISE — East Timor/Australia The […] Jiffy Lube and Pennzoil Team Up to Give Drivers More Than They Pay For

Jiffy Lube and Pennzoil Offer Drivers Free Oil Change in First-Time Buy-One-Get-One-Free Promotion HOUSTON, April 30 /PRNewswire/ — As the busy summer driving season approaches, Jiffy Lube(R) and Pennzoil(R) are giving drivers an easier way to make an important change — to their motor oil. Between April 29 and June 4, 2007, drivers who visit […]

Reuters: AmeriGas to buy US propane distribution business of Shell

April 30 (Reuters) – AmeriGas Partners L.P. said its operating partnership has agreed to acquire U.S. propane distribution business of Royal Dutch Shell. The terms of the deal were not disclosed The sale is expected to occur during the second quarter. The business, Shell Gas (LPG) USA, sells over 13 million gallons of propane annually […]

Business Times (Malaysia): Petronas, Dutch firm in LNG pact

Kamarul Yunus, Published: Apr 30, 2007 PETROLIAM Nasional Bhd (Petronas) is interested to participate in the development of infrastructure for liquefied natural gas (LNG) and gas storage projects in the Netherlands. The national oil company signed a memorandum of understanding (MoU) with N.V. Nederlandse Gasunie (Gasunie) recently that will pave the way for future collaboration […]

AFX Europe (Focus): Local authority pension funds oppose Shell’s remuneration report

Published: Apr 30, 2007 LONDON (Thomson IM) – The 75 bln stg Local Authority Pension Fund Forum (LAPFF), whose members own over 1 pct of shares in Royal Dutch Shell, has urged its pension fund members to vote against the company’s remuneration report at its annual general meeting on May 15. The Forum is recommending […]

The New York Times: Jazz Festival Gets Support

Monday April 30, 2007 The New Orleans Jazz & Heritage Festival has attracted its first long-term corporate sponsor, The Associated Press reported. Organizers said the sponsorship of Shell Exploration and Production, an energy development company, would keep the event from being scaled back as New Orleans recovers from the devastation of Hurricane Katrina. “It changes […]

Vanguard (Nigeria): NNPC, Shell dares CBN on Forex transactions

By Babajide Komolafe Monday, April 30, 2007 The Nigerian National Petroleum Corporation (NNPC) and Shell Development Petroleum Comapny are on a collision path with the Central Bank of Nigeria (CBN) over foreign exchange transactions rules. The two companies,  it was gathered, have been flouting the directives of the apex bank that firms selling foreign exchange […] Local authority pension funds oppose Shell’s remuneration report

LONDON (Thomson IM) – The 75 bln stg Local Authority Pension Fund Forum (LAPFF), whose members own over 1 pct of shares in Royal Dutch Shell, has urged its pension fund members to vote against the company’s remuneration report at its annual general meeting on May 15. The Forum is recommending an opposing vote on […]

MarkerWatch: UK pension group oppose Shell pay over lack of safety targets

By Benoit Faucon Last Update: 9:02 PM ET Apr 29, 2007 LONDON (MarketWatch) — The U.K.’s Local Authority Pension Fund Forum Monday urged its members to vote against Royal Dutch Shell PLC’s remuneration report at its May 15 shareholders meeting over what it said was a lack of health and safety targets in executive pay. […]

The Daily Sentinel (Colorado): Oil-shale work force challenging for Shell

By MIKE McKIBBIN Monday, April 30, 2007 MEEKER — Finding and housing more than 500 workers to build an oil- shale test project in Rio Blanco County will be a challenge, according to Shell Oil Exploration and Production officials. The company has three, 160-acre federal leases for oil-shale research, development and demonstration projects and estimates […]

The Times: Rebel bombers’ World Cup air raid

EXTRACT: Local officials said that two bombs hit the Kolonnawa facility, destroying an oil storage tank, while the other two hit the Shell terminal, destroying a security hut and starting a fire that lasted 45 minutes. April 30, 2007 Jeremy Page, South Asia Correspondent The Tamil Tigers carried out its third air raid in just […]

The Times: Oil explorer may become Kremlin target after upgrading reserves

EXTRACT: Mr Mitvol is best known for forcing Shell to cede a majority stake in the Sakhalin II project to Gazprom. April 30, 2007 Steve Hawkes Urals Energy, the oil and gas explorer listed in London, will risk the wrath of Oleg Mitvol, the Russian environmental regulator, today by revealing a spectacular 400 per cent […]

The Press Association: Shell set to show dip in profits

April 29, 2007 Anglo-Dutch company Royal Dutch Shell is expected to show the impact of falling energy prices when it publishes first-quarter results on Thursday. Consensus market forecasts for the first three months of the year are for 5.56 billion US dollars ( 2.78bn), nearly 5% lower than last year’s 6.09 billion US dollars ( […]

Lanka Business Online – Sri Lanka: Indian and Dutch partners of Sri Lanka petroleum firms shrug off Tamil Tiger air raids

EXTRACT: Shell Gas Lanka Ltd, whose liquefied petroleum gas (LPG) unloading and storage terminal in Muturajawela, which was hit by bombs within minutes of the first attack, is part of Netherland’s Royal Dutch/Shell Group since 1995.   April 29, 2007 (LBO) – The Indian and Dutch partners of petroleum facilities targeted by Tamil Tigers, which […] Minister hopes Sakhalin II problems will be resolved

EnergyRUSSIA Russian Natural Resource Minister Yury Trutnev hopes that a significant number of Sakhalin II energy problems will be resolved. “We will calculate the damages, submit them and we will hope that a significant number of the problems will be resolved. For the remainder compensation will be paid to the state. It is good that […]

Scotland On Sunday / The Scotsman: Taverns figures expected to pack profits Punch

GUY DIXON   THE FTSE 100 briefly breached the 6,500 barrier last Thursday, taking its lead from Wall Street where the Dow Jones Industrial Average broke through the 13,000 mark. But news that the US economy grew more slowly than expected in the first three months then expected weighed heavily on the FTSE and helped […]

AFX News Limited: Nigerian Oil Production Remains a Wild Card

Nigerian oil production appears to have weathered post election tensions so far, but the tinder box nature of politics in the country suggests that a deterioration, if it comes, will be sudden. Crude prices added a geopolitical premium in the weeks ahead of the presidential elections held last weekend, but prices have since eased after […] Drilling Demand: Shell Exec Says Curbs Hurting U.S.

By  Jason Womack      Tulsa World, Okla.      The president of Shell Oil Co. called for fewer drilling restrictions along the continental shelf and on federally owned lands Wednesday as a means of reducing U.S. dependence on foreign oil. During a presentation in Tulsa, John Hofmeister told hundreds of energy and other business professionals that increased exploration […]

BBC Monitoring Service: Sakhalin-2

The Supervisory Board has approved the estimate of the second phase of the Sakhalin-2 project, GTRK Sakhalin TV reported on 19 April. The Russian Ministry of Industry and Energy jointly with the shareholders of the Sakhalin-2 project approved all documents needed for the implementation of the project with the participation of a Russian investor. The […]

The New York Times: Hydrogen’s Second Coming: On the Road, Hope for a Zero-Pollution Car

MEMORIAL Three hydrogen vehicles at the spot where the Hindenburg crashed on May 6, 1937.   By DON SHERMAN Published: April 29, 2007 LAKEHURST, N.J. WHEN the largest aircraft ever built — the pride of Nazi Germany — crashed in flames at the United States Navy’s airship base here, it took 36 lives and smeared […]

Fairbanks Daily News-Miner: Anadarko, Shell back gas line plan

By Stefan Milkowski Staff Writer JUNEAU — Two oil companies with leases on the North Slope said Friday they were pleased with Gov. Sarah Palin’s natural gas pipeline legislation. Representatives from Anadarko Petroleum Corp. and Shell Exploration and Production both offered their support for the Alaska Gasline Inducement Act, or AGIA, which sets up a […]

AME.Infor: Aramco, Shell refinery hitch

Saudi Arabia Sunday 29 April 2007 Saudi Aramco and Shell have scaled back crude runs at their 305,000 barrels per day refinery in Jubail due to technical glitches, reported Reuters. The refinery, which focuses on the export market, had just resumed production following a month long routine maintenance break. The refinery should be back to […]

The Observer: Green groups act to halt Shell plans

Nick Mathiason Sunday April 29, 2007 Shell has become the dominant oil major in a controversial Alaskan project at the heart of legal challenges from environmentalists and indigenous peoples against George Bush. The energy giant has paid the US government millions of dollars for licences in the Beaufort Sea off the northern coast of Alaska, […]

Associated Press: Shell to Sponsor Jazz Fest Through 2010

Sunday, April 29, 2007 1:08:44 AM NEW ORLEANS(AP) An energy development company said Saturday it would sponsor the New Orleans Jazz & Heritage Festival through at least 2010, a decision organizers said would guard against scaling back the popular event in a city slowly recovering from Hurricane Katrina. Terms of the deal with Shell Exploration […]

AME Info: Shell focus on job creation and managing environmental challenges in the Middle East

Royal Dutch Shell Plc underlined its global commitment to sustainable development (SD) initiatives through using international best practice to achieve local solutions at the 2nd Corporate Social Responsibility (CSR) conference held today at the JW Marriot in Kuwait City, sponsored by Kuwait Shell Limited. Speaking on ‘Sustainable Development at the Heart of Shell’s Business – […] Aggressive policing at blockade of Shell HQ in Dublin

Blocked main entrance to Shell HQ in Dublin, Ireland (“STOP THE GAS GIVEAWAY”) Friday April 27, 2007 12:40 by Joe – WSM – Lucy Parsons – personal capacity This morning at 7.30 Dublin Shell to Sea members brought a taste of Mayo to Corrib House. Over 50 people took part in an ongoing blockade of […] ONGC in talks for stake in Royal Shell’s Egyptian block

28 April 2007 New Delhi: Indian state-run explorer Oil and Natural Gas Corp may be in the process of firming up a proposal to buy up to 33 per cent in an Egyptian deepwater gas block from operator Royal Dutch Shell, reports quoting government sources have said. According to these reports, talks are at an […]

St. Petersburg Times: Florida looks to lead charge on businesses in Iran, Sudan

By JANET ZINK Published April 28, 2007 TALLAHASSEE – State senators on Friday unanimously voted in favor of a bill that would require divesting pension funds from companies doing business with the petroleum sector in Iran and the government of Sudan, where the Darfur region has been bloodied by violence that by some estimates has […]

Sunday Business: Air of optimism as the marketis big hitters prepare first-quarter results

Published: Apr 28, 2007 THE first-quarter reporting season has been lucrative for spread-betters in previous years, and 2007 is set to be no different. Some of the marketis biggest names publish results in the coming weeks, including Royal Dutch Shell, the oil giant, and Unilever, the Anglo-Dutch consumer goods group. And the hope is that […]

Sunday Business: Yeltsin dismantled the Soviet Union but Putin is building a new empire

Published: Apr 28, 2007 A free, democratic and prosperous Russia closely associated with the West n that was the vision the country’s former president, Boris Yeltsin, who died this week, so splendidly incarnated when he defiantly stood on that tank in Moscow in August 1991. But Yeltsin’s dream of a liberal Russia died long before […]

Financial Times: Power to the people

Green technology is now a necessity not a pipe dream, Investment Adviser Apr 28, 2007 Green has never been a more popular colour for today’s savvy investors. Not so many years ago investing in the environment was something for the fringe: the preserve of long-haired, bearded men in woollen jumpers. Today the only long hair, […]

Irish Times: Walkout at pipeline hearing

Aine Ryan, Published: Apr 28, 2007 Brendan Philbin of the so-called Rossport Five yesterday withdrew in protest from the Corrib gas public hearing, saying it was farcical that the project was being discussed with no specific pipeline route being known. It was argued that without a specific revised route, there must also be doubt about […]

Irish Times: Protesters vow to continue picketing Shell HQ

Kitty Holland Apr 28, 2007 The Dublin branch of the Shell to Sea campaign is determined to continue its protests outside Shell E&P Ireland’s headquarters, despite scuffles with gardaI there yesterday morning, according to one of its spokeswomen. Caoimhe Kerins said feeling among co-protesters yesterday was that the demonstration, which had begun at about 7.30am […]

Daily Telegraph: ENERGY DATABASE: Saturday 28 April 2007

• British Energy, the UK’s largest power generator, will probably not be able to start four of its nuclear reactors by the end of this month as planned because it still hasn’t received regulatory approval. • Royal Dutch Shell has chosen a site in Libya, the holder of Africa’s fourth-largest gas reserves, to build a […] Behind the scenes at Shell Oil

(Shell Oil shows off its drilling operations control center.) 07:05 PM CDT on Friday, April 27, 2007 By Dan Lauck / 11 News Think of it as a mission to the dark side of the moon. A voyage into black, only rather than going up Shell Oil is going down. Six miles down.   Eight to […]

Forbes: Slimmer Chevron Beats The Street

Joshua Lipton, 04.27.07, 4:10 PM ET   Breaking up might be hard to do, as the song goes. But it can also boost profits in the short run and allow a company to concentrate on its core business, longer term. Both factors came into play for Chevron in the first quarter. For the quarter ended […]