Royal Dutch Shell plc .com Rotating Header Image

Posts from ‘April, 2008’

Australian Aboriginals Seek `Economic Partnerships’ in LNG

Bloomberg: Australian Aboriginals Seek `Economic Partnerships’ in LNG By Angela Macdonald-Smith April 30 (Bloomberg) — Australian aboriginal groups will seek “economic partnerships” with ventures planning to develop liquefied natural gas projects in the far northeast, the head of a group representing indigenous communities in the region said. Such alliances are the best way to ensure […]

Nigerian Oil Workers Return to Work Amid Exxon Talks

Bloomberg: Nigerian Oil Workers Return to Work Amid Exxon Talks (Update2) By Julie Ziegler April 30 (Bloomberg) — A Nigerian oil workers’ union is sending members back to work today as part of a bargaining agreement as talks with management at Exxon Mobil Corp.’s local unit were scheduled to resume. Union and company representatives will […]

Shell speeds plans for Russian north

Calgary Herald: Shell speeds plans for Russian north From Herald News Services Published: Wednesday, April 30, 2008 Royal Dutch Shell PLC and its partners will accelerate planning to develop far-northern natural gas fields in Russia, Dutch premier Jan Peter Balkenende said. Balkenende held talks on energy projects with Russian Prime Minister Viktor Zubkov in the […]

Do not rest on your laurels, Hayward tells BP’s reformers

Financial Times: Do not rest on your laurels, Hayward tells BP’s reformers By Ed Crooks Published: April 30 2008 03:00 | Last updated: April 30 2008 03:00 Rarely can there have been such a clear case of the embarrassment of riches. Not many companies reporting a near-50 per cent rise in profits would immediately explain […]

Petrobras confident over deep water well

Financial Times: Petrobras confident over deep water well By Ed Crooks Published: April 30 2008 03:00 | Last updated: April 30 2008 03:00 In more than 2,000 metres of water off the coast of Brazil, Petrobras, the Brazilian national oil company, is drilling what could become one of most important oil wells of recent years. […]

Shell output up

Financial Times: Shell output up Published: April 30 2008 03:00 | Last updated: April 30 2008 03:00 For Royal Dutch Shell, which has been dogged by concerns about falling production, the rise in its first-quarter output reported yesterday, though small, was particularly welcome. The reason was the growth in its gas business. Shell still has […]

Shell and BP

Financial Times: Lex Column: Shell and BP Published: April 30 2008 03:00 | Last updated: April 30 2008 03:00 Mega-cap energy stocks are not supposed to move this much. Yesterday’s first-quarter figures from BP and Shell – comfortably above consensus in both cases – sent the pair’s shares up about 6 per cent. Investors may […]

oil fat cats should be hung up and beaten like scalded dogs

oil fat cats should be hung up and beaten like scalded dogs Comment posted by Daniel Dillard Shell, BP, Chevron, Exxon and all of you other money grubbing oil fat cats should be hung up and beaten like scalded dogs. YOur practices sicken me and the rest of the world. I hope we find another […]

Profits a slap in the face for 180 staff at Shell told less than seven days ago that they face redundancy

Photograph: David McNew/Getty images Brown wants profits poured into North Sea · BP and Shell announce £7bn bonanza · Motorists and greens united in condemnation Terry Macalister The Guardian, Wednesday April 30 2008 Gordon Brown stepped into a growing row about oil company profits yesterday, calling on BP and Shell to spend more of their […]

The power struggle: Oil companies rake in profits of £7.2bn as fuel prices soar

The Independent: The power struggle Oil companies rake in profits of £7.2bn as fuel prices soar By Cahal Milmo Wednesday, 30 April 2008 The price of power and who foots the bill for Britain’s rocketing energy costs took centre stage yesterday as the oil giants Shell and BP unveiled huge combined profits of £7.2bn, made […]

Opec chief warns ‘the price of oil could surge to $200′

The Times: Chemistry April 30, 2008 The rising price of oil should not bring tax relief Seeing petrol prices rise on the electronic boards outside filling stations is nothing compared to the shock when it comes to paying. A year ago the driver of an average-sized family saloon would have left the forecourt with a […]

Hurrah! Oil profits are up

The Times: Hurrah! Oil profits are up Without the inflated earnings of multinationals, we’d be even worse off than we are now April 30, 2008 Carl Mortished Hurrah for big oil profits. Seven million dollars an hour for BP and Shell, as the cost of jet kerosene bankrupts airlines and dear diesel puts up the […]

Fuel crisis Q&A

The Times: Fuel crisis Q&A April 30, 2008 Why do oil prices keep on rising? Oil is becoming scarcer and harder to produce. Several former big areas of oil production are in decline while other top oil-producing countries, including Nigeria, Russia, Saudi Arabia, Iran and Venezuela, are either unwilling or unable to lift production. Chinese […]

Nigeria’s Delta is where Western oil giants meet local militants

Daily Telegraph: Nigeria’s Delta is where Western oil giants meet local militants Last Updated: 1:21am BST 30/04/2008 Political unrest has made the Niger Delta a high-risk region for Western majors and their staff, write Russell Hotten and Mike Pflanz It is early morning, just after the 7pm-to-6am curfew is lifted, and convoys of minibuses led […]

Shell and BP investors get $5bn payout

Soaring oil prices have boosted Shell and BP’s earnings Daily Telegraph: Shell and BP investors get $5bn payout By Russell Hotten Last Updated: 1:20am BST 30/04/2008 A surging oil price has showered investors with a $5bn (£2.5bn) bonanza earned in just 12 weeks, with further payouts throughout the year expected to make 2008 a record […]

Outcry as Shell and BP make billions on back of price rises

The Times: Outcry as Shell and BP make billions on back of price rises Wednesday April 30, 2008 Robin Pagnamenta and David Robertson Surging oil prices helped to boost profits at BP and Royal Dutch Shell to a combined record of £7.2 billion for the first quarter of the year. Amid growing accusations of profiteering […]

Amid High Oil Prices, Danger Signs in Production

India has a seemingly insatiable appetite for cars, as shown in this traffic jam in a suburb of New Delhi,  and the oil needed to run them, contributing to growing worldwide demand for petroleum. By JAD MOUAWAD Published: April 28, 2008 As oil prices soared to record levels in recent years, basic economics suggested that […]

Bolivia puts Shell under pressure

RadioNetherlands.nl: Bolivia puts Shell under pressure BY EDWIN KOOPMAN* 29-04-2008 The Shell oil company is under great pressure from the Bolivian government to reduce its presence in the country, or even to withdraw completely. President Evo Morales issued an ultimatum at the end of March, giving the company till 30 April to agree to sell […]

Shell Examines Carbon Capture Project at Its Canadian Refinery

Bloomberg: Shell Examines Carbon Capture Project at Its Canadian Refinery By Eduard Gismatullin and Fred Pals April 29 (Bloomberg) — Royal Dutch Shell Plc, Europe’s largest oil company, said it’s examining a carbon capture project at its Scotford refinery and upgrader in the Canadian province of Alberta. The company is studying a plan nicknamed “Quest,” […]

In 2004, Shell’s U.S. gas and power trading arm Coral Energy paid $30 million to settle charges it reported fake natural gas trades

In 2004, Shell’s U.S. gas and power trading arm Coral Energy paid $30 million to settle charges it reported fake natural gas trades Reuters: Shell, BP win big from volatile energy markets Tue Apr 29, 2008 8:17am EDT By Alex Lawler LONDON, April 29 (Reuters) – A lucrative ride on the rollercoaster energy markets helped […]

Record oil prices boost Shell and BP

Reuters: Record oil prices boost Shell and BP Tue Apr 29, 2008 9:57am BST By Tom Bergin and Alex Lawler LONDON (Reuters) – Record oil prices of over $100 a barrel helped Shell and BP shatter first-quarter profit forecasts on Tuesday. Royal Dutch Shell announced a 12 percent rise in current cost of supply (CCS) […]

D-day in New Zealand Court for litigation brought against Shell

The Dominion Post: D-day for oil, gas compo bids By KRIS HALL – The Dominion Post | Monday, 28 April 2008 Seven days from now, a little-known group of oil and gas investors will go up against multinational Shell as New Zealand’s longest-running insider-trading case finally lands in court. Fuelled by spiralling oil prices and […]

Fighting graft

Financial Times: Fighting graft Published: April 29 2008 03:00 | Last updated: April 29 2008 03:00 Bribery and corruption are not just morally indefensible but bad for your business. That is the message Transparency International, the anti-graft campaigner, is determined business will internalise and, perforce, implement. But is it true? TI’s report, launched yesterday, on […]

Shell and BP beat expectations

Financial Times: Shell and BP beat expectations By Ed Crooks Published: April 29 2008 07:47 | Last updated: April 29 2008 08:02 Royal Dutch Shell and BP, Europe’s two biggest oil companies, have delivered better than expected results on the back of the soaring price of oil. While BP’s profit growth since last year was […]

Scottish strike and Nigerian attack boost oil

Financial Times: Scottish strike and Nigerian attack boost oil By Chris Flood Published: April 29 2008 03:00 | Last updated: April 29 2008 03:00 Oil traded at record levels near $120 a barrel yesterday amid supply concerns following the start of a strike at the Grangemouth refinery in Scotland and more trouble in Nigeria. Nymex […]

Opec chief warns oil could hit $200 a barrel

Financial Times: Opec chief warns oil could hit $200 a barrel By Carola Hoyos in London Published: April 29 2008 03:00 | Last updated: April 29 2008 03:00 Opec’s president yesterday warned oil prices could hit $200 a barrel and there would be little the cartel could do to help. The comments made by Chakib […]

Oil Nears $120 on Nigeria Unrest: paid attacks in Nigeria help fund huge retention payments to flawed Shell executive directors

THE WALL STREET JOURNAL: Oil Nears $120 on Nigeria Unrest By GUY CHAZAN and NEIL KING JR. April 29, 2008; Page C12 An escalation in attacks by militants in the Niger Delta and a strike by Exxon Mobil Corp. workers are playing havoc with oil production in Nigeria at a time when worries about tightening […]

High Oil Prices Boost Shell Profit: Shell gets its monies worth from paid Nigerian militants

THE WALL STREET JOURNAL: High Oil Prices Boost Shell Profit, Offsetting, Lower Refining Margins By BENOIT FAUCON April 29, 2008 1:58 a.m. LONDON — Royal Dutch Shell Tuesday said its first-quarter net profit rose 25%, as rocketing oil prices more than offset lower refining margins. Shell said net income was $9.08 billion, or $1.46 a […]

Shell Profit Rises on Record Crude Prices: profits boosted due to ‘militant attacks in Nigeria’ by Shell’s paid thugs

Bloomberg: Shell Profit Rises on Record Crude Prices, Higher Gas (Update1) By Fred Pals April 29 (Bloomberg) — Royal Dutch Shell Plc, Europe’s biggest oil company, said first-quarter profit climbed 25 percent, boosted by record crude prices and higher natural gas. Net income advanced to $9.08 billion from $7.28 billion a year earlier, The Hague-based […]

Rising oil price benefits Shell: $7.8bn (assisted by the attacks in Nigeria by Shell’s paid militants)

BBC News: Rising oil price benefits Shell Tuesday, 29 April 2008 06:40 UK Oil firm Royal Dutch Shell says it made first quarter profits of $7.8bn (£3.9bn), up from $6.9bn a year ago. It comes three months after the Anglo Dutch oil firm reported annual profits of $27.56bn (£13.9bn), a record for a UK-listed company. […]

Shell Q1 profits beat forecast on record oil:$7.85 BILLION

Reuters: Shell Q1 profits beat forecast on record oil Tue Apr 29, 2008 6:37am BST LONDON, April 29 (Reuters) – Royal Dutch Shell Plc (RDSa.L: Quote, Profile, Research) beat forecasts on Tuesday with a 12 percent rise in its first quarter current cost of supply net income, helped by record oil prices. Excluding non-operating items, […]

Shell, TransCanada to appeal New York LNG decision

Reuters: UPDATE 1-Shell, TransCanada to appeal New York LNG decision Mon Apr 28, 2008 8:43pm BST (Adds background, comment from Connecticut attorney general) NEW YORK, April 28 (Reuters) – Energy companies Shell (RDSa.L: Quote, Profile, Research) and TransCanada (TRP.TO: Quote, Profile, Research) plan to ask the U.S. Commerce department to overturn New York state’s rejection […]

Former Shell International HSE Group Auditor Bill Campbell comments on our article: ‘Contenders for the tarnished Shell crown’

My only comment on the statement that quote “Brinded has a track record of turning a blind eye to corrupt management and has the blood on his hands of Shell offshore workers that lost their lives in a preventable accident on the Brent Bravo production platform” was that he was in fact the corrupt Manager (Director) and the 1999 major audit atypically pointed the finger at him as the main catalyst for the demise witnessed in that organisation.

Shell shares fall on Nigerian troubles

Reuters: Shell shares fall on Nigerian troubles Mon Apr 28, 2008 3:47pm BST Shares in oil major Royal Dutch Shell Plc (RDSa.L: Quote, Profile, Research) fall after Nigerian rebels say they have shut in 350,000 barrels per day of production and a senior oil official and industry sources tell Reuters that Exxon Mobil (XOM.N: Quote, […]

Contenders for the tarnished Shell crown

Contenders for the tarnished Royal Dutch Shell crown By John Donovan The Financial Times published an article on Saturday revealing Shell’s intention to make “one-off retention payments to three Shell executive directors”, Malcolm Brinded, Peter Voser and Linda Cook; the three candidates vying to succeed Jeroen van der Veer when he retires in June next […]

Borders & Southern Rises to Record on Speculation of Shell Bid

Bloomberg: Borders & Southern Rises to Record on Speculation of Shell Bid By Sabine Pirone and Sarah Thompson April 28 (Bloomberg) — Borders & Southern Petroleum Plc, a U.K.-based company that explores for oil near the Falkland Islands, rose to a record in London trading on speculation Royal Dutch Shell Plc may make a takeover […]

Choir director praying for lower gas prices

deseretnews.com: Choir director praying for lower gas prices Published: Monday, April 28, 2008 12:52 a.m. MDT SAN FRANCISCO (AP) — A choir director who hopes prayer can bring down high gas prices is trying out his approach at some of the costliest pumps in the country. Rocky Twyman of Washington, D.C., came to San Francisco […]

ExxonMobil says strike cuts output in Nigeria

Yahoo! News: ExxonMobil says strike cuts output in Nigeria 28 April 2008 LAGOS (AFP) – ExxonMobil’s Nigerian affiliate said Monday that a five day strike by white collar employees had caused output losses. A spokesman for Mobil Producing Nigeria (MPN) said the company was attempting to open talks with the strikers. He would not disclose […]

New Zealand litigation: ‘Shell has already paid the plaintiffs $1 million…’

stuff.co.nz: D-day for oil, gas compo bids By KRIS HALL – The Dominion Post | Monday, 28 April 2008 Seven days from now, a little-known group of oil and gas investors will go up against multinational Shell as New Zealand’s longest-running insider-trading case finally lands in court. Fuelled by spiralling oil prices and the tireless […]

Biofuels will not solve energy issue

oilandgasnewsonline.com: Biofuels will not solve energy issue Volume: 25, No. 17 April 28 – May 4, 2008 ROME: Biofuels will not solve the world’s energy problem, the chief executive of Royal Dutch Shell said, amid growing criticism of their environmental and social benefits. The remarks follow protests in Brazil and Europe against fuels derived from […]