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Posts on ‘July 5th, 2007’

The Guardian (UK): Gazprom buys British and plans to spend £200bn more

· Russians ready to invest in bolstering gas supplies · Powerful company to grow stronger and take up arms Terry Macalister Friday July 6, 2007 Gazprom has promised to spend $420bn (£210bn) by 2030 on building up its gas supply capability and has specifically targeted BP as one of the companies with whom it could [...]

The Times: Battle for final frontier

July 6, 2007 Carl Mortished: Analysis Canada is marching north to assert sovereignty in the Arctic, to repel Danes and claim Hans Island, a rock the size of a football field between Ellesmere Island and Greenland. It is not quite war but it is enough for Canada’s Prime Minister to tour the Arctic Circle to [...]

The Times: Huge Shell drilling programme heralds scramble for the Arctic

July 6, 2007 Steve Hawkes Shell is preparing its biggest exploration programme in the Arctic Ocean off Alaska for more than a decade, a move that could establish a new frontier for the oil and gas industry. The Anglo-Dutch energy giant expects to start a controversial three-year programme next month with a small armada of [...]

Valor Economico (Brazil): Brazil: Shell expands fuels distribution operations

Published: Jul 05, 2007 Seven years after to have sold to Agip part of its fuels distribution business in Brazil, Shell is planning to expand its market share from 11,5% to 15%, says president Vasco Dias, also pointing to the interest of the corporation to explore natural gas reserves. In 2000 Shell divested 285 gasoline [...]

Financial Times: Green backlash: Dutch Advertising Authority rules Shell advertisements were misleading

Companies have been tripping all over themselves in the past year or so to prove their commitment to healing the planet. “Green” PR campaigns generally have succeeded in helping boost corporate reputations. Companies from GE to News Corp have won praise for green initiatives. Prepare now for the backlash. One group, the Dutch oil group [...]

CNBC Asia Pacific: BUSINESS NEWS

LONDON -(Dow Jones)- David Greer, the deputy head of the Sakhalin Energy Investment Co. Ltd., has resigned, a Royal Dutch Shell PLC (RDSB.LN) spokesman said Thursday. Shell, which initially appointed Greer, agreed to relinquish the control of Sakhalin Energy to OAO Gazprom (GSPBEX.RS) last year. The venture operates an oil and gas project in the [...]

U.S.News & World Report: Shell CEO Says Conservation Isn’t Enough

  Shell gasoline station in Philadelphia (Jim Lo Scalzo for USN&WR) By Alex Markels Posted 7/5/07 You might expect the chief executive of the world’s second-largest oil company to pooh-pooh the recent surge of interest in renewable energy. But despite Royal Dutch Shell CEO Jeroen van der Veer’s recent contention that the public has placed [...]

Paddy Briggs replies to Professor Alan J. Cohen, University of Louisiana-Lafayette: the possibility of BP Shell merger

1. July 5th, 2007 11:06 Thank you for your response. I totally agree that the staff implications of a merger are paramount. Both corporations have fine staff – arguably their most valuable assets. Shell was rather cavalier in letting staff go (even very skilled and experienced people in the upstream) on cost grounds some years [...]

Professor Alan J. Cohen, University of Louisiana-Lafayette, USA comments on posting by Paddy Briggs: the possibility of BP Shell merger

Comment in response to… Former Shell Executive Paddy Briggs comments on the possibility of a BP Shell merger July 5th, 2007 09:36 Thank you for a thoughtful post. I worked at Shell in E&P in technical and leadership positions both in the USA and Europe for nearly 30 years. These days I am an invited [...]

The Guardian (UK): Bid talk and analysts help market’s mood

Nick Fletcher Wednesday July 4, 2007 BP added 1.5p to 605.5p and Royal Dutch Shell climbed 13p to £20.80 after speculation the two had revived merger talks. Traders noted, however, that Shell yesterday bought back 390,000 of its own shares, making the tale unlikely. Extract from… http://business.guardian.co.uk/marketforces/story/0,,2117892,00.html

Shell’s 100th Anniversary Celebrations

By Alfred Donovan: 5 July 2007  Bloomberg reports that Jeroen van der Veer is commemorating Shell’s 100th anniversary at the company’s headquarters in The Hague today. I am a little hurt that no invitation has arrived. Perhaps it was delayed in the UK Postal strike? Never mind, there is always the next time.

Bloomberg: Gazprom-Shell Venture Starts Testing Russia’s First LNG Plant

By Stephen Voss July 5 (Bloomberg) — An OAO Gazprom and Royal Dutch Shell Plc joint venture said Russia had started testing a liquefied natural gas plant at Sakhalin, a further step toward the country’s first LNG export sales, scheduled for 2008. The LNG facility at the Sakhalin-2 project will be commissioned, or tested, using [...]

SeekingAlpha: The Grand Nigerian Oil Scam

Posted on Jul 5th, 2007 Phil Davis submits: Nigerian rebels kidnapped 5 RDS.A workers from an island rig, sending oil to $74 in Europe. U.S. crude futures are up at $72 again despite inventories holding a 9-year high, which does not included the 19M barrels (or more) that are parked in tankers sitting in the [...]

Times Online: Comment: Niger rebels follow up on warnings

July 5, 2007 Jonathan Clayton On my last visit to the Niger Delta, a few weeks ago, the militants warned that unless the new government took “serious measures” to address their grievances they would bring total chaos to the area. With the Colombia-style kidnapping of a three-year-old British toddler that threat is now becoming a [...]

BBC News: ‘UK toddler’ kidnapped in Nigeria

Thursday, 5 July 2007   The three-year-old daughter of an expatriate worker said to be British has been kidnapped by gunmen in the Niger Delta, Nigerian police have said. The toddler was seized from a car on her way to school in the oil city of Port Harcourt in the early morning. The kidnapping follows [...]