Posted by Jerome a Paris on January 25, 2008 – 10:23am Below the fold is the full text of an email sent by Jeroen van der Veer, the CEO of Shell, to all Shell employees, and explicitly meant for wider distribution. (Update: an almost identical version is now available on Shell’s website) It is a [...]
Posts on ‘January 25th, 2008’
U.S.News & World Report: Beyond the Barrel: Shell Admits Cheap Oil Is Running Out
Shell Admits Cheap Oil Is Running Out January 25, 2008 03:48 PM ET By Marianne Lavelle I’m getting a ton of E-mail, from the congressional peak oil caucus and others, about Shell Chief Executive Jeroen van der Veer’s acknowledgement that the world is running out of oil—at least, cheap oil. Here is what van der [...]
Oil & Gas Journal: New consortium formed to manage Kashagan field
Eric Watkins Senior Correspondent LOS ANGELES, Jan. 25 — A new managerial consortium consisting of Eni SPA, Royal Dutch Shell PLC, Total SA, and ExxonMobil Corp. has been formed to perform operational management of Kazakhstan’s Kashagan oil field, said Eni Chief Executive Officer Paolo Scaroni. He said Eni will continue to manage the test phase. [...]
Reuters: PREVIEW-Exxon, Shell seen posting record 2007 profits
Fri Jan 25, 2008 2:04pm EST Due at 1300 GMT, Feb. 1 * Average Q4 EPS forecast of $1.95 a share * Royal Dutch Shell Plc Q4 earnings * Due at 0700 GMT, Jan. 31 * Average forecast $5.52 billion for Current Cost of Supply net income By Tom Bergin and Michael Erman LONDON/NEW YORK, [...]
GlobalServicesMedia.com: The New Year That Took Jobs Away
Royal Dutch Shell announced that the company is going to outsource more than 3,000 IT jobs to reduce its operational costs, and hoped to save nearly $850 million per annum Friday, January 25, 2008 By Imrana Khan It was the first week of this New Year and as many of us strutted to our offices [...]
Marketplace.PublicRadio.org: Oil demand could soon outstrip supply
Friday, January 25, 2008 At the World Economic Forum in Davos, Shell’s CEO announced the world demand for oil would outstrip supply within seven years. European correspondent Stephen Beard outlines two possible resulting scenarios with Scott Jagow. TEXT OF INTERVIEW Scott Jagow: In Davos, Switzerland, they’re wrapping up the World Economic forum. Today, the head [...]
Bloomberg: Shell Seeks Gasoline in Singapore as Sydney Stations Run Short
By Sophie Tan and Christian Schmollinger Jan. 25 (Bloomberg) — Royal Dutch Shell Plc sought to buy cargoes of premium gasoline in Singapore after a refinery fault in Australia led to fuel shortages in Sydney. Shell bid to buy 97-RON gasoline at $104.35 a barrel for early February loading from Singapore, $1.95 more than the [...]
scienceblogs.com: Shell says 7 years before oil demand outstrips supply
(James Hrynyshyn above is a freelance science journalist based in western North Carolina, where he tries to put degrees in marine biology and journalism to good use.) Category: climate Posted on: January 25, 2008 10:27 AM, by James Hrynyshyn The CEO of Royal Dutch Shell says “after 2015 supplies of easy-to-access oil and gas will [...]
TheObserver.ca (Canada): Shell would hire locally; but refinery is far from a done deal
By JACK POIRIER Shell would look to the local labour pool first to fill the thousands of jobs needed to build and operate a new Shell refinery in St. Clair Township. “Our first effort would be to hire as many local people as possible,” said Amrik Ahluwalia, general manager of Shell’s St. Clair refinery project. [...]
Dow Jones Newswires: Shell: Easy Oil No Longer Matching Demand After ’15 – Web Site
LONDON (Dow Jones)–Royal Dutch Shell PLC (RDSA) “estimates that after 2015 supplies of easy-to-access oil and gas will no longer keep up with demand,” the company’s chief executive said in a text obtained by a Web site. In a document obtained by Royaldutchshellplc.com, a Web site critical of the company, Jeroen van der Veer also [...]
climateprogress.org: Shell: Conventional oil peaks within 7 years
The oil company with the best strategic planning says the day of reckoning is nigh: World demand for oil and gas will outstrip supply within seven years, according to Royal Dutch Shell. The oil multinational is predicting that conventional supplies will not keep pace with soaring population growth and the rapid pace of economic development. [...]
CNNMoney.com: Petrobras, Shell Bid To Buy ExxonMobil’s Brazil Assets-Report
January 25, 2008: 07:55 AM EST RIO DE JANEIRO -(Dow Jones)- Brazil’s state-run oil firm Petroleo Brasileiro SA (PBR), or Petrobras, Royal Dutch Shell PLC (RDSA) and at least three other companies have made proposals to buy ExxonMobil Corp.’s (XOM) Brazilian downstream assets, the Valor newspaper reported Friday. ExxonMobil, under the Esso brand, holds 7.2% [...]
Hemscott: Shell ‘overvalued’
US broker JP Morgan cuts its rating on Shell, arguing that the oil giant’s results could disappoint. 25/01/08 08:13 JP Morgan downgraded Royal Dutch Shell to “underweight” from “neutral”, telling clients: “We think near-term newsflow could undermine confidence in Shell’s longer term prospects and cause the shares to underperform their peers.” Namely, JP Morgan’s team [...]
THE WALL STREET JOURNAL: Shell OKs Extra $27M Legal Fee In Reserves Case-Website
DOW JONES NEWSWIRES January 24, 2008 3:46 a.m. LONDON (Dow Jones)–Royal Dutch Shell PLC (RDSB.LN) has agreed to pay a lead counsel, Bernstein Liebhard & Lifshitz LLP, in a U.S. case related to its 2004 reserves restatements a fee of $27 million for its role in achieving compensation for the non-U.S. purchasers of its stock. [...]
Reuters: UPDATE 1-Shell Australia plans 8-week refinery work in Feb
Fri Jan 25, 2008 1:15am EST (Adds details, background) SYDNEY, Jan 25 (Reuters) – Royal Dutch Shell Plc (RDSa.L: Quote, Profile, Research) will partially shut down its 125,000 barrels per day (bpd) Geelong refinery in Australia for scheduled maintenance work from Feb. 1 for about eight weeks, two industry sources said on Friday. “There are [...]


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