TOKYO, Nov 4 (Reuters) - Japan's top oil and gas explorer, Inpex Corp said on Tuesday it has received the Brazilian authorities' approval to acquire a 20 percent interest in offshore block BM-C-31 in Brazil from Royal Dutch Shell.
November 4th, 2008:
Japan Inpex acquires Brazil block stake from Shell
This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website,
johndonovan.website, and shellnews.net,
are owned by John Donovan. There is also a Wikipedia segment.
Leave petrol retailing to the professionals not to the oil men
Tesco they do know what retailing is all about...
Alastair Darlings (30th October) call for Shell and the other oil majors to reduce the pump price of petrol reveals an ignorance of how the oil business really works. There is little modern case for Shell, BP or the rest of the oil companies to be involved in petrol retailing at all. There are no vertically integrated benefits any more – every internal transaction (from wellhead to pump) is done at a market value related transfer price. So Shells petrol station business in the UK receives its product at an open-market determined price exactly the same price basis as an independent (like Tesco) would pay to a refiner or trader. That price is precisely linked to Crude Oil prices. The resultant pump price (before duty and tax) is determined by this acquisition cost and influenced on the margin by competition in the local trading area.
Crude Oil Falls 5.8% on Demand Concerns
Crude-oil futures fell on signs that a widening economic slowdown may freeze growth in petroleum demand next year.
Mergers are getting done faster as volatility grows
Royal Dutch Shell PLC's $5.5 billion acquisition of Canada-based Duvernay Oil Corp., declared in July, was completed in 40 days.
Statoil chief says mergers likely as industry faces turbulence
The oil industry faces several years of turbulence that could trigger a new wave of consolidation, according to Helge Lund, chief executive of Norway's national oil company StatoilHydro.
SSE in £308m wind farm deal with RWE
Yesterday's deal was a fillip for the offshore market, which took a blow this year when Shell pulled out of the biggest planned offshore wind farm, the London Array, amid spiralling costs. Dong Energy and Eon, the other partners in the London Array, found a new partner in Abu Dhabi's Masdar initiative last month.
EBOOK TITLE: “SIR HENRI DETERDING AND THE NAZI HISTORY OF ROYAL DUTCH SHELL” – AVAILABLE ON AMAZON
EBOOK TITLE: “JOHN DONOVAN, SHELL’S NIGHTMARE: MY EPIC FEUD WITH THE UNSCRUPULOUS OIL GIANT ROYAL DUTCH SHELL” – AVAILABLE ON AMAZON.
EBOOK TITLE: “TOXIC FACTS ABOUT SHELL REMOVED FROM WIKIPEDIA: HOW SHELL BECAME THE MOST HATED BRAND IN THE WORLD” – AVAILABLE ON AMAZON.
