Posts on ‘January 21st, 2008’

By Roland Gribben Last Updated: 7:59pm GMT 21/01/2008 Pressure has paid off for a small pioneering company wanting to produce electricity from geo-pressure. Malcolm Wicks, energy minister, has performed a second U-turn in accepting the technology as a renewable source of energy. The first came almost a year ago, when he intervened to overrule Ofgem, [...]

EXTRACT: Oil, the other FTSE support, failed to offer stability as oil prices succumbed to US recession fears, leaving Cairn Energy down 218p at £22.99, BP down 35p at 519p and Shell off 108p at £17.75. BP has already guided analysts that its fourth-quarter figures will be far below expectations. THE ARTICLE  January 22, 2008 [...]

EXTRACT: Shares of BP and Royal Dutch Shell also fell as oil prices slid by almost $2 to a six-week low below $89 a barrel. January 22, 2008 Siobhan Kennedy, Leo Lewis, Peter Stiff and Christine Seib Some of the most influential UK fund managers sounded a warning of more turmoil to come yesterday as [...]

By Joanna Chung and Robert Orr in London and Andrew Wood in Hong Kong Published: January 21 2008 19:12 | Last updated: January 21 2008 21:45 Global equities plunged on Monday as investor concerns over the economic outlook and financial market turbulence snowballed into a sweeping sell-off. Tumbling Asian shares led European stock markets into [...]

Associated Press January 21, 2008 6:43 a.m. Oil prices fell sharply Monday as fears over the U.S. economy drove down stock markets in Asia and Europe. Further pressure came from concerns OPEC won’t raise crude production levels. Light, sweet crude for February delivery fell $1.48 to $89.09 a barrel in electronic trading on the New [...]

By MARK LANDLER and HEATHER TIMMONS Published: January 21, 2008 FRANKFURT — Fears that the United States is in a recession reverberated around the world on Monday, sending stock markets from Frankfurt to Bombay into a tailspin and puncturing the hopes of many investors that Europe and Asia will be able to sidestep an American [...]

21 January 2008 The Guardian newspaper published an article today by Caitlin Fitzsimmons which made the point that “Consumers are becoming more environmentally aware and demand the same from their brands, which means a new role for marketers…” The article mentioned that in November 2007 the UK Advertising Standards Authority censored Royal Dutch Shell for [...]

Monday, January 21st, 2008 By Jason Simpkins Associate Editor After months of discussion and management restructuring, work at one of the world’s largest oil fields is set to continue. Under the terms of a new agreement Eni S.p.A (E), the Italian oil company, will cede its control over operations at the Kashagan oil field in [...]

By Michael Taylor ReutersPublished: January 21, 2008 LONDON: The FTSE 100 fell 5.5 percent on Monday, suffering its largest one-day loss since September 11, 2001 as the index tracked global markets lower on deepening fears of a possible U.S. recession. The FTSE 100 closed down 323.5 points at 5,578.2, its lowest close since June 2006 [...]

EXTRACT: Most recently, in November, the Advertising Standards Authority rapped Shell for an ad that claimed the oil company used its waste carbon dioxide to grow flowers, when less than 0.5% of Shell’s waste CO2 is used for this purpose. THE ARTICLE: The Guardian: Make it green and keep them keen Inside marketing & PR: Consumers [...]

21/01/2008 16:10 LAGOS, Jan 21 (AFP) Anglo-Dutch energy group Shell said Monday it has complained in a letter to the Nigerian parliament that the activities of oil thieves and vandals are hampering its operations in the country. “The letter in question was to inform the Federal Legislature on the challenges posed to our operations by [...]

By Reuters | 21 Jan 2008 | 05:38 AM ET OPEC will examine all options when its ministers meet in February, the UAE oil minister said on Monday, adding that there was a disconnect between market fundamentals and high oil prices. Mohammed al-Hamli declined to comment on his meeting earlier on Monday with visiting U.S. [...]

EXTRACT: Royal Dutch Shell PLC (RDSB) and France’s Total SA (TOT) have contracts to develop gas fields in southern Iran. But Iranian officials have criticized the companies the past year, suggesting they were slowing their work under US pressure.   TNA with wire services 21 January 2008 Tehran and Ankara are continuing negotiations on restoring [...]

  Shell’s van der Veer warns against “destroying” shareholder value Monday, 21 January 2008, 12:41 GMT  European Commission president Jose Manuel Barroso is under pressure to respond to fears that new proposals on climate change will harm industry. Some of Europe’s top business leaders warn the plans could hit the amount firms invest in the [...]

Jan 19, 2008 12:00 PM BEST EVENT MANAGEMENT, CALGARY, ALBERTA Shell Canada celebrated 97 years as one of the most prominent oil companies in Canada with “A Ship in Full Sail” road show, which served as a morale-boosting grand finale for the company after Royal Dutch Shell acquired it. The event included 11,000 employees, 13 [...]