January 26th, 2008:

January 27, 2008
Isabel Oakeshott, Deputy Political Editor

SHELL has abandoned its sponsorship of one of Britain’s most prestigious wildlife photography exhibitions after protests by environmental groups.

The oil giant confirmed this weekend it would be severing ties with the Wildlife Photographer of the Year show at the Natural History Museum, London, from this year.

The move follows intense pressure from Friends of the Earth and WWF, who have accused the company of using the event to “greenwash” its environmental credentials. read more

Partnering sustainable development and corporate social responsibility is never easy

January 27, 2008
Steve Farrar

There was trouble on the chicken farm. It had been built by Total, the French oil and gas giant, to help people living in the shadow of its refinery in the central African country of Congo Brazzaville learn the skills necessary to start their own businesses. But a month after it opened, the farm’s first students demanded wages.

When Total refused, pointing out that the exercise was about learning not earning, many walked out, accusing the firm of exploiting their labour. The initiative, supposedly a perfect example of corporate social responsibility (CSR), seemed to have backfired. read more

Stocks & shares: Chris Butler
Sunday 27 January 2008

Royal Dutch Shell, the third-largest of the oil giants behind Exxon-Mobil and BP, is producing fourth-quarter figures on Thursday. For the first time the group will disclose separately the results of its oil sands operations in Canada. Normally the Canadian results have been included within the overall exploration and production segment of the figures, but such is the size of the investment and its potential returns that a separate disclosure will be welcomed by analysts. Full-year profits should be around £20 billion, which would be a decrease of 10%. Analysts suggest that weaker refining margins in the industry and currency adjustments will probably mean a fall in profit to £20bn. However, the latest forecasts made by three brokers vary massively with Exane BNP Paribus predicting £21.7bn, ABN Amro going for £24.5bn and one broker who declined to be named predicting less than £13bn. read more

By JOSEPH SCHUMAN    
January 25, 2008 8:09 a.m.

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EXTRACT
 
Times of London: Royal Dutch Shell now expects world demand for oil and gas to outstrip supply within seven years, according to an email sent to employees by CEO Jeroen van der Veer that predicted conventional supplies will not keep pace with soaring population growth and the rapid pace of economic development. read more

January 25, 2008, 3:32 pm
Posted by Keith Johnson

Has the peak oil crowd added a new member?

An email written by Royal Dutch Shell CEO Jeroen van der Veer has sparked the latest round of debate over the state of oil supplies. In the email, which Mr. van der Veer told his employees to spread around, he says (HT to the Oil Drum. Here’s the whole spiel.):

Shell estimates that after 2015 supplies of easy-to-access oil and gas will no longer keep up with demand. As a result, society has no choice but to add other sources of energy – renewables, yes, but also more nuclear power and unconventional fossil fuels such as oil sands. Using more energy inevitably means emitting more CO2 at a time when climate change has become a critical global issue. read more

Posted by Keith Johnson
January 25, 2008, 9:51 am

What the Fed couldn’t do, the stimulus package apparently can: AP reports that optimism over the economic package drove oil prices over $90. Bloomberg notes that rate cuts and a weaker dollar are also behind oil’s quick rebound.

More fodder over oil’s future from Royal Dutch Shell. The oil major expects demand to outstrip supply in seven years, reports the London Times. Shell envisions either a mad scramble for resources or greater international cooperation on energy issues. Meanwhile, in an internal email, Shell reportedly said that unconventional fossil fuel sources will become more important. Ask BP: Canada’s Financial Post reports that BP is following up its tar-sands revival with a new $1 billion unconventional natural gas project there. read more

January 25, 2008, 03:53:56 AM

Author: “kapitalist”

Hi,
Im from the netherlands (homebase of Shell) , and i just saw this breaking news on our biggest financial programm on national tv. Shell CEO Jeroen van der Veer has sent a letter to ALL HIS EMPLOYEES and to SEVERAL NEWSPAPERS to inform the public that PEAK OIL IS REAL (the reporter used exactly this words), and the demand has exceed the production allready or will very soon. In 7 years from now the difference between production and demand will grow to be extremely big, thats why he says we need all the alternatives (including nuclear). read more

Published: Saturday, January 26, 2008

Royal Dutch Shell PLC forecasts that global demand for oil and gas will outstrip supply within seven years, chief executive Jeroen van der Veer said in a letter to Shell employees.

“We are experiencing a step-change in the growth rate of energy demand due to population growth and economic development, and Shell estimates that after 2015 supplies of easy-to-access oil and gas will no longer keep up with demand,” van der Veer said in the letter dated Jan. 22. read more

Jeroen van der Veer, chief executive of Royal Dutch Shell

Saturday January 26,2008
By Graham Hiscott, Consumer Editor 

DEMAND for oil and gas will outstrip supply within seven years, the head of one of the world’s biggest energy producers warned yesterday.

Jeroen van der Veer, chief executive of Royal Dutch Shell, predicts conventional supplies will fail to keep pace with population growth and booming economies.

The comments, from the boss of a multinational energy giant, will be seen as a wake-up call to the world. read more

26 January 2008

Market sentiment will be tested when the City’s full-year results season kicks off with figures from Royal Dutch Shell and AstraZeneca.

Royal Dutch Shell is expected to reveal full-year profits of more than 26 billion US dollars (£13.2 billion) on Thursday despite a tough end to 2007 for the oil major.

Consensus forecasts put fourth-quarter earnings at 5.82 billion US dollars (£2.95 billion) as higher operating costs and lower refining margins bite, even though oil prices soared to 100 dollars a barrel. This would leave full-year earnings at 26.65 billion US dollars (£13.5 billion), 5% ahead of 2006. read more

25-01-2008 | Gepubliceerd 11:15

Shell denkt dat er over zeven jaar een olietekort zal bestaan. Shell-baas Jeroen van der Veer denkt dat de huidige conventionele voorraden gas en olie tot 2015 toereikend zullen zijn.

In een e-mail aan Shell-werknemers gaf Van der Veer Shell’s visie op de huidige energievoorraden weer. Deze mail was niet vertrouwelijk en werd naar buiten gebracht door RoyalDutchShellplc.com.

Vandaag zal Van der Veer aanwezig zijn bij het World Economic Forum in Davos. Hier zal hij praten over de energie vooruitzichten van Shell. read more