Posts on ‘April 28th, 2008’

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, [...]

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 [...]

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.

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 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 [...]

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 [...]

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 [...]

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 [...]

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 [...]

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 [...]

Bloomberg: Oil Rises to Record on U.K. Pipeline Shutdown, Nigeria Attack By Christian Schmollinger and Gavin Evans April 28 (Bloomberg) — Crude oil rose to a record, trading near $120 a barrel in New York, after BP Plc shut a North Sea pipeline and gunmen attacked police guarding Nigeria’s largest oil and gas terminal. BP [...]

Financial Times: Oil multinationals rebuked for reluctance to tackle corruption By Michael Peel in London and Hugh Williamson in Berlin Published: April 28 2008 03:00 | Last updated: April 28 2008 03:00 Most leading oil multinationals fall well short of best practice on revealing financial data and combating corruption, a survey unveiled today by Transparency [...]

Financial Times: Virtue’s reward? By Michael Skapinker Published: April 28 2008 03:00 | Last updated: April 28 2008 03:00 In Unilever’s London headquarters, Gavin Neath, the consumer goods group’s head of sustainability, takes a plastic contraption out of its cardboard box and places it on a table. It looks like a small and semi-transparent version [...]

Financial Times: BP seeks to refine its performance By Ed Crooks Published: April 28 2008 03:00 | Last updated: April 28 2008 03:00 BP and Royal Dutch Shell , unusually, report first quarter results on the same day on Tuesday, the clash forced by the coincidence of the Dutch holidays of Queen’s Day on April [...]

THE WALL STREET JOURNAL: Rise of Nationalism Frays Global Ties EXTRACT: Growing petro-nationalism has prompted Royal Dutch Shell PLC to change the global scenarios its economists create to help the company plot its next moves. In the 1990s, Shell’s scenarios assumed government power was diminishing. The company invested heavily in Russia’s Sakhalin oil fields, assuming [...]