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Posts on ‘April 2nd, 2007’

The Times: Shell’s carbon emission target ‘too easy’

April 3, 2007 Steve Hawkes Royal Dutch Shell will face a showdown with shareholders next month amid claims that it is not doing enough to tackle climate change, The Times has learnt. The Local Authority Pension Fund Forum is concerned that the oil group’s directors can earn too much of their annual bonus by hitting [...]

OilWeek.com: Royal Dutch Shell seen maintaining status quo on Shell Canada assets, plans (Shell-Canada)

Apr 2, 2007 3:02:00 PM MST   CALGARY (CP) _ Royal Dutch Shell remained discreet on the future of Shell Canada projects after announcing Monday its success in acquiring 99 per cent of the Canadian subsidiary‘s shares. However, few analysts foresee any shifts in direction, as Royal Dutch Shell had already been majority owner of [...]

The Daily Yomiuri Osaka, Japan) The Battle for Resources

Tuesday 3 April 2007 ECONOMIC FORUM / Energy strategy needs rethink / Battle to secure sufficient oil supplies requires new initiatives By Yoshikuni Sugiyama A series of articles titled “Shigen Sodatsu” (The Battle for Resources) that has been carried by The Yomiuri Shimbun on its business pages from January hogged the limelight on March 2, [...]

Financial Post: Shell wins right to buy out Shell Canada shareholders

Monday, April 02, 2007 LONDON — Royal Dutch Shell Plc. has won the right to buy out the remaining minority shareholders in Shell Canada, after securing more than 90% of the outstanding shares in an extended share offer, the oil major said on Monday. Shell Canada Ltd. shareholders holding 94.5 percent of the shares Shell [...]

Galway First: Reprieve for outspoken daughter of Shell to Sea activist

Monday, 02 April 2007  BY ANN HEALY The daughter of Shell to Sea activist Maura Harrington told a garda sergeant he would be out of a job when she was finished with him, after she went in an intoxicated state to Galway Garda Station and demanded to see her mother, who was under arrest there [...]

ITAR-TASS: Strong earthquake on Kuriles, Sakhalin possible

02.04.2007, 15.34    MOSCOW, April 2 (Itar-Tass) – A probability of a strong earthquake on Kuriles and Sakhalin in April remains, an official of the Russian Emergency Situations Ministry’s information department told Itar-Tass on Monday. The high seismic activity in the area of the Kurile Range is related to aftershocks events after a violent earthquake [...]

Energy.gr, Greece: Shell Sells some European LPG Businesses (02/04/2007)

Shell said it had signed a deal to sell its liquified petroleum gas (LPG) businesses in Bulgaria, the Czech Republic, Germany, Romania, Spain, and Switzerland to France’s Rubis. The sale is part of the Anglo-Dutch oil major’s strategy to streamline its downstream activities. Shell did not give financial details. “The LPG business is making significant [...]

Globe and Mail Update: Royal Dutch wins fight to take Shell Canada private

TAVIA GRANT After a five-month battle, Royal Dutch Shell PLC on Monday declared victory in its plan to buy the rest of Shell Canada and take the company private. The offer was extended to last Friday, and an additional 75.7 million Shell Canada shares were tendered, at $45 a share. Royal Dutch, one of the [...]

Reuters: Shell reserves show shift from oil to gas

Mon Apr 2, 2007 11:51AM BST By Tom Bergin LONDON (Reuters) – Royal Dutch Shell pumped twice as much oil as it found last year, forcing the company to rely on traditionally lower-margin natural gas and oil sands to boost its reserves. Figures issued on Monday echoed a trend across the industry as resource holders [...]

nieuwsbank.nl: Shell and Coller Capital in new technology funding partnership

Royal Dutch Shell today announced the sale of 45% of the newly created Shell Technology Ventures Fund 1 BV, an independent energy technology fund, to Coller Capital, a leading global investor in private equity secondaries and corporate venture assets. Shell will remain the majority shareholder in the fund. The new fund will consist of Shell [...]

AFX: Statoil says Troll gas field back at full production

OSLO (AFX) – Statoil ASA said its mammoth Troll gas field in the Norwegian Sea is now once again producing at full capacity, after the firm succeeded in repairing two gas compressors which had reduced output at the end of last week. A spokesman for Statoil confirmed output was back up to ‘normal levels’, but [...]

Royal Dutch Shell Plc Investor Centre: Royal Dutch Shell plc updates on extended offer for the minority shares of Shell Canada Limited

Monday, April 2, 2007 VOLUME 1 ISSUE 291 Shell Investments Limited (“SIL”), a wholly-owned subsidiary of Royal Dutch Shell plc, announced that as at the expiry time of the extended offer period on March 30, 2007, an additional 75,711,093 common shares in the capital of Shell Canada Limited (“Shell Canada”) were validly deposited to SIL’s [...]

The Wall Street Journal: Crisis Sparks Oil-Supply Fear

U.K.-Iran Standoff Has Traders Pricing In Risks of a Disruption By MASOOD FARIVAR and IAN TALLEY April 2, 2007; Page C3 As the standoff over Iran’s capture of British sailors drags on, oil traders are thinking more about one of the top nightmares for Western governments: an obstruction of oil traffic through the Persian Gulf. [...]

The Wall Street Journal: PUMP GAMES: Fill Up With Ethanol?: One Obstacle Is Big Oil

  Rules Keep a Key Fuel Out of Some Stations; Car Makers Push Back By LAURA MECKLER April 2, 2007; Page A1 President Bush, domestic auto makers, farmers and others tout ethanol as a home-grown alternative to imported oil. Across the Midwest, plants that make the fuel out of corn are multiplying at a torrid [...]

Bloomberg: Oil Trades Little Changed Near Six-Month High on Iran Tensions

By Christian Schmollinger and Angela Macdonald-Smith April 2 (Bloomberg) — Oil was little changed near a six- month high on concern the stand-off between the U.K. and Iran over the capture of British naval personnel may disrupt crude supplies from the Middle East’s second-largest exporter. The U.K. condemned film footage on Iranian state television yesterday [...]