Wed Jan 30, 2008 10:02am EST CALGARY, Alberta, Jan 30 (Reuters) – Oil sand projects operated by Suncor Energy Inc (SU.TO: Quote, Profile, Research) and Royal Dutch Shell (RDSa.L: Quote, Profile, Research) are running normally despite a bitter cold snap in northern Alberta that forced Syncrude Canada Ltd to suspend production at its 350,000 barrel [...]
Posts from ‘January, 2008’
priceofoil.org: Shell Sparks Fears Over Reserves
Published by Andy Rowell January 29th, 2008 Maybe the oil industry is running out of reserves faster than it is letting on, but Shell is to delay publication of key data about its oil reserves that it would normally have released alongside profits figures being published this week. The decision is said to have [...]
goldnews.bullionvault.com: The FSA’s largest fine all told was £17 million ($33m) charged to Royal Dutch Shell for lying about its crude oil reserves…
Adrian Ash, 29 Jan ’08 The FSA… has just got round to bringing its first ever criminal case for insider dealing – despite being the statutory prosecutor for insider dealing since 2000. “That’s a long while,” as Sara George of Allen & Overy noted to the Financial Times. Not least because the regulator itself says [...]
abc.net.au: Oil scarcity has ‘snuck up on us’, expert says
Experts say the world’s major oil fields are declining. (AFP) The idea that the world’s supplies of oil have either peaked or will soon start declining has suddenly gained new respectability. The concept of ‘peak oil’ has been derided by the big oil companies for years, but at the end of last week came a [...]
The Independent: Market Report
By Nikhil Kumar Wednesday, 30 January 2008 At the other end of the table, shares in the energy giant Royal Dutch Shell fell after the company said it would not provide oil and gas replacement guidance with its annual results, which are due tomorrow. Dresdner Kleinwort said that news was “regrettable” and Royal Dutch Shell [...]
Bloomberg: Royal Dutch Shell PLc
By Sabine Pirone Jan. 30 (Bloomberg) — The following is a list of companies whose shares may have unusual price changes in the U.K. and Irish markets. Stock symbols are in parentheses after company names and prices are from the last close. The FTSE 100 rose 96.30, or 1.7 percent, to 5,885.20 yesterday. The FTSE [...]
THE WALL STREET JOURNAL: Shell Won’t Provide Data On Reserves With Its Results: ‘…concerns that the news, when it emerges, will be bad’
A WSJ NEWS ROUNDUP January 30, 2008 Royal Dutch Shell PLC encountered concerns yesterday that the oil major had little luck adding new reserves last year after a report that it wouldn’t publish such figures with its annual results tomorrow. Shell’s London-listed Class A shares edged down 0.6% to 1808 pence ($35.87), compared with a [...]
Vanguard (Nigeria): Shell job cut has nothing to do with militancy—Sylva
Written by Emma Ujah Wednesday, 30 January 2008 The Bayelsa State Governor, Timi Sylva, yesterday, said the planned 1000 job cut by Shell had nothing to do with issues of militancy in the Niger Delta. Speaking with journalists in Abuja, he said Shell, like many other Joint Venture partners in the oil industry, has been [...]
Financial Times: Tight supply lets CNOOC shrug off slowdown
By Justine Lauin Published: January 30 2008 CNOOC, the Chinese offshore oil and gas producer said it expected it would be immune to a global economic slowdown because of tight oil supply in China. State-owned CNOOC lifted production forecasts and spending this year to meet the country’s hunger for oil. Output is set to rise [...]
Daily Telegraph: Oil behemoth Royal Dutch Shell saw its ‘B’ shares slip…
By Ben Bland Last Updated: 8:21pm GMT 29/01/2008 Oil behemoth Royal Dutch Shell saw its ‘B’ shares slip 10p to £17.66 amid disappointment that the company will not be providing an update on its reserves alongside its fourth quarter results tomorrow. http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2008/01/30/cxmktrep130.xml
MarketWatch From Dow Jones Newswires: Shell won’t provide reserves replacement guidance in results
By Benoit Faucon Last update: 8:44 a.m. EST Jan. 29, 2008 (Adds content of SEC 2006 letters to Shell) LONDON (MarketWatch) — Royal Dutch Shell PLC (RDSB.LN) won’t provide oil and gas reserves replacement guidance – as it normally does – along with its annual results Thursday, despite its reserves having been an issue in [...]
allAfrica.com: Nigeria: Restructuring – Yar’Adua Meets Shell CEO, Dutch PM
This Day (Lagos) 29 January 2008 Stanley Nkwazema And Patrick Ugeh Abuja It emerged yesterday that Anglo Dutch oil and gas giant, Shell, may have secured “critical” concessions from President Umaru Musa Yar’Adua over key Federal Government policies which the firm considers to be unfavourable to its operations in Nigeria. This development is believed to [...]
The Guardian: Shell shares fall as reserves concerns weigh
Reuters Tuesday January 29 2008 (Adds closing shares, analysts) By Tom Bergin LONDON, Jan 29 (Reuters) – Shares in Royal Dutch Shell Plc fell on Tuesday on concerns that the oil major had little luck adding new reserves last year after a report that it wouldn’t publish such figures with its annual results this week. [...]
SmartMoney.com: UPDATE:Shell Won’t Provide Reserves Replacement At Fiscal Year Results
Published: January 29, 2008 8:40 AM (Adds content of SEC 2006 letters to Shell) LONDON -(Dow Jones)- Royal Dutch Shell PLC (RDSB.LN) won’t provide oil and gas reserves replacement guidance – as it normally does – along with its annual results Thursday, despite its reserves having been an issue in recent years. Correspondence released by [...]
The Times: BG’s range of assets make it a long-distance runner
January 29, 2008 Nick Hasell: Tempus It may be Shell that kicks off the full-year reporting season of the oil majors this week, but it is likely to be BG Group’s numbers – due the following Thursday – that are more eagerly awaited. Whereas shares in BP and Shell have remained virtually flat over the [...]


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