UNITED STATES DISTRICT COURT DISTRICT OF NEW JERSEY Civil Action No. 04-374(JAP): ROYAL DUTCH/SHELL TRANSPORT SECURITIES LITIGATION LEAD PLANTIFFS: Pennsylvania State Employees Retirement System and the Pennsylvania Public School Employees Retirement System DEFENDANTS: Royal Dutch Petroleum Company and The “Shell” Transport and Trading Company p.l.c. Article by John Donovan This is an updated version of [...]
Posts on ‘October 16th, 2007’
Toronto Star: U.S. firm buys stake in oil sands
Oct 16, 2007 03:48 PM CALGARY–Shareholders of Western Oil Sands Inc., a partner in Canada’s Athabasca Oil Sands Project, approved a $5.8 billion takeover by Marathon Oil Corp. Investors at a meeting in Calgary today voted 99.3 per cent in favour of the transaction. Canada’s Minister of Industry yesterday approved the acquisition, which is expected [...]
Bloomberg: Exxon, Shell Say Shale Bonanza Stalled by Water, Climate Change
By Joe Carroll Oct. 16 (Bloomberg) — Exxon Mobil Corp. and Royal Dutch Shell Plc said efforts to tap Rocky Mountain oil deposits large enough to meet U.S. demand for a century have been stalled by subterranean rivers and greenhouse gases. Shell won’t know until 2009 whether an underground wall of ice intended to shield [...]
Bloomberg: Shell Reports Flaring From Olefins Unit at Deer Park Refinery
By Robert Tuttle Oct. 16 (Bloomberg) — Royal Dutch Shell Plc, Europe’s largest publicly traded oil company, reported flaring from an olefin unit in the chemical plant of its Deer Park, Texas, refinery yesterday, according to a filing with state regulators. The flaring, or burning of chemicals into the air, lasted about 6 ½ hours [...]
Bloomberg: Dated Brent Rises After Shell Buys North Sea Cargoes From BP
By Alexander Kwiatkowski Oct. 16 (Bloomberg) — Dated Brent climbed relative to the cost of December oil after Royal Dutch Shell Plc bought two North Sea crude cargoes from BP Plc. Russia’s Urals crude fell for a third day. Dated Brent for loading in 10 to 21 days was at a premium of $1.12 to [...]
allAfrica.com: Nigeria: Shell Shuts Utorogun Gas Plant
This Day (Lagos) 16 October 2007 Omon-Julius Onabu Warri Indications that prices of industrial and domestic gas might soon go-up have emerged, following sudden shut-down of production lines at the Utorogun Gas Plant. The Utorogun Gas Plant in Ughelli, Delta State, was shut down on Thursday, following a fire believed to have been ignited by [...]
iol.co.za: Son of Shell worker kidnapped
October 16 2007 at 11:42AM Lagos – Gunmen have abducted the five-year-old son of a Nigerian employee of Anglo-Dutch energy group Shell in the oil city of Port Harcourt, a company spokesperson said on Tuesday. “The boy was kidnapped yesterday. The matter has been reported to the police,” spokesperson Precious Okolobo told AFP. He [...]
The Wall Street Journal: Shell Appointed 3 New Members Of Executive Committee -Sources
DOW JONES NEWSWIRES October 15, 2007 11:06 a.m. LONDON (Dow Jones)–Royal Dutch Shell PLC (RDSB.LN) has appointed three new members to its executive committee, people familiar with the decision said Monday. The people said the new committee members are Roxanne Decyk, a former Amoco Oil executive who is now Shell’s director of corporate affairs, including [...]
The Wall Street Journal: Japanese Energy Firms Look to Gulf of Mexico To Skirt Political Risk
By YUKA HAYASHI and RUSSELL GOLD October 16, 2007; Page A11 TOKYO — For most of the past decade, Japanese companies have looked for energy in places like Iran and Russia, taking on higher political risk in search of bigger rewards. Now, as they face setbacks in those countries, they are steering around geopolitical uncertainty [...]
The Wall Street Journal: Oil Prices, Profits Set to Diverge
Despite Crude at $86.13, Producers’ Earnings Curbed By Costs, Refinery Squeeze By ANA CAMPOY and GUY CHAZAN October 16, 2007; Page A3 Oil prices reached a new high of $86.13 a barrel yesterday. But that may not translate into higher profits for many oil companies. Crude prices reached their record yesterday on supply concerns, continued [...]
The Independent: Supply fears drive oil to record prices
By Nic Fildes Published: 16 October 2007 Oil prices surged to a record high yesterday on the back of tension between Turkey and Iraq, adding to concerns over global supplies before the northern winter. The oil price has risen steadily in recent months after dipping below $50 a barrel at the start of the year. [...]
The Guardian: Market Report: Energy
Nick Fletcher Tuesday October 16, 2007 Among the few risers in the leading index were the oil companies, with the crude price hitting new highs. In London, Brent added more than $1 a barrel to nearly $82, while US crude held firmly above $84. So BP added 3.5p to 622.5p, helped by more positive comment [...]
The Times: Market Report: Oil
October 16, 2007 The oil companies were pushed upward by a surge in the price of oil. The two-month forward cost of a barrel of Brent crude hit $81.75, up $1.55, after Opec said that production of oil by nonOpec countries appeared to be falling, despite a rise in a global demand for the commodity. [...]
livinginperu.com: Peru’s Potato Project Recognized by BBC, Newsweek and Shell
Peru | 15 October, 2007 [ 20:30 ] T’ikapapa, an initiative of CIP’s Partnership Program, has been chosen as one of the finalists among 940 projects in an international contest. Now in its third year, World Challenge 2007 is a global competition that seeks out development projects and businesses that not only make a profit, [...]
Oil Week: Couche Tard expected to make play for Shell stores in U.S., says analyst (Couche-Tard-Shell)
Oct 15, 2007 3:39:00 PM MST MONTREAL _ Alimentation Couche-Tard (TSX:ATD.B) is expected to expand its growing presence in the United States by making a play for some of the 2,000 service stations that Shell Oil Company is planning to dispose of in the coming years, says an analyst. “Couche-Tard has a solid relationship [...]
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