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Posts on ‘July 27th, 2007’

oneworldtrust.org: Accountability in Practice: Royaldutchshellplc.com – The power of a website

One World Trust: Accountability in Action: Extract From Global Accountability Newsletter: Issue 15, July 2007   The website Royaldutchshellplc.com is a gripe site established by John Donovan and his father, Alfred, to stream information to the public about the Shell Group, a collection of oil, gas, and petrochemical companies.  John Donovan’s use of the website to [...]

Accountability in Action: Between exposé and libel: online activity and the lack of institutional accountability

One World Trust: Accountability in Action: Extract From Global Accountability Newsletter: Issue 15, July 2007 Accountability debates often focus on powerful organisations, whether formal or informal.  This makes sense – the benefits of accountability can be most felt when powerful organisations adopt the necessary policies and put them into practice.  However, with the focus on [...]

Bloomberg: Chevron Profit Rises on Divestiture, Gasoline Prices (Update3)

By Joe Carroll   David O’Reilly, CEO of Chevron Corp. July 27 (Bloomberg) — Chevron Corp., the second-largest U.S. oil producer, posted its highest quarterly earnings ever after gasoline prices rose to a record and the company sold its stake in Dynegy Inc. at a profit. Second-quarter net income climbed to $5.38 billion, or $2.52 [...]

The Anchorage Daily News: Shell, whalers reach drilling deal

HUNTS VS. WELLS: Talks settle one impediment to drilling in Beaufort Sea. By WESLEY LOY wloy@adn.com Published: July 27, 2007 Last Modified: July 27, 2007 at 05:33 AM Oil giant Shell and North Slope whaling captains this week struck a “conflict avoidance agreement” designed to keep offshore drilling from disrupting subsistence hunts. The deal wraps [...]

ThisisAberdeen.co.uk: OIL CREWS CONCERNED BY SELL-OFF

27 July 2007 Workers for oil giant Shell have hit out at plans to sell off five North Sea platforms. The OILC union said employees on Cormorant Alpha, North Cormorant, Dunlin, Alpha Tern and Eider installations are unhappy the company is considering transferring them to new owners where their working conditions could suffer. OILC General [...]

Offshore workers died as a result of a “Touch F*** All” safety regime at Shell

Oil Profits Before Safety By John Donovan Bill Campbell, a much respected former Group Auditor of the oil giant, Shell International, this week took the exceptional step of writing to all members of the UK Houses of Parliament – every MP and every member of the House of Lords – to bring to their attention [...]

Houston Chronicle: Even at top, Exxon Mobil feels earnings pinch: Other oil majors have reported second-quarter production declines as well

Even at top, Exxon Mobil feels earnings pinch: No. 1 oil company sees profit, production fall; Shell earnings rise despite drop in output Kristen Hays, Houston Chronicle – Texas Published: Jul 27, 2007 Even the oil industry’s mightiest can be humbled in a world with diminishing access to oil and ever-increasing costs of getting it. [...]

Daily Mail (UK): Slick Shell wins battle of oil majors

By Sam Fleming 27 July 2007 ROYAL Dutch Shell trounced arch-rival BP with a bumper set of earnings, but boss Jeroen van der Veer failed to dispell doubts about the firm’s troubled production pipeline. Profits stripping out one-time items rose 6pc to £3.4bn, thanks to a Rolls-Royce performance by Shell’s fleet of refineries, which benefited [...]

Daily Express (UK): Oil-price boom lifts Shell

ANDREW JOHNSON, The Express Published: Jul 27, 2007 BOOMING oil prices sent Royal Dutch Shell’s profits soaring 17 per cent to nearly $15billion (GBP7.5billion) for the half-year to June. A strong performance from refineries and petrol stations enabled the company to shrug off a 2 per cent drop in production to 3.2million barrels a day. [...]

Business Times (Malaysia): Shell gets govt nod to buy ProJET assets

July 27 2007 ROYAL Dutch Shell said it has recently received government approval for the acquisition of the ProJET retail marketing assets comprising 44 service stations and 14 vacant land sites. The 44 ProJET stations will be rebranded progressively to Shell stations over the next three months, Shell said in a statement. “However, from today, [...]

International Business Times: Shell says expects to drill in Arctic this year

 Friday 27 July 2007 Three polar bears are shown on the Beaufort Sea coast within the 1002 Area of the Arctic National Wildlife Refuge in this undated handout file photo. Royal Dutch Shell expects to drill in the Arctic off the north coast of Alaska this year, despite legal challenges from environmentalists and native groups, [...]

Daily Telegraph: Shell’s Iran venture to continue

Jeroen van der Veer: final decision still 12 months away By Russell Hotten, Industry Editor Last Updated: 3:38am BST 27/07/2007 Royal Dutch Shell’s chief executive Jeroen van der Veer said there were no plans to halt preparatory work on possible investments in Iran, despite renewed pressure about the risks of operating in a country where [...]

Daily Telegraph: Questor: Shell shows more signs of rejuvenation but a deal with BP still looks a non-starter

Last Updated: 2:13am BST 27/07/2007 Royal Dutch Shell £19.72 -42p Questor says Hold The sixth straight quarter in which Royal Dutch Shell profits exceeded market forecasts is more confirmation for those who believe chief executive Jeroen van der Veer’s rejuvenation of the oil major is under way.    The refining and marketing side is very [...]

The Wall Street Journal Oil Profits Show Signs of Aging

Despite Big Numbers, Costs, Production Woes Are Weighing on Growth By RUSSELL GOLD and GUY CHAZAN July 27, 2007; Page A2 •  The News: Exxon Mobil reported disappointing results on higher costs and somewhat lower production, despite near-record prices for oil. •  The Big Picture: Oil-company profits have suffered as increasingly expensive rigs, equipment and [...]

Lloyds List: LNG lifts Shell earnings by 20%

Martyn Wingrove Published: Jul 27, 2007 HIGHER refining margins and liquefied natural gas sales have boosted Royal Dutch Shell’s second quarter earnings by 20% to $7.56bn. The Anglo-Dutch company’s strong downstream operating performance bucked the industry trend of falling earnings and beat analysts’ expectations. Shell’s positive result compares well with its European rivals BP, Repsol [...]