Royal Dutch Shell Plc  .com Rotating Header Image

December 1st, 2008:

Crude Declines: Shell dropped 5.3 percent to 1,646 pence

Bloomberg

 

 

Shell dropped 5.3 percent to 1,646 pence. BP, Europe’s second-largest oil company, slid 5.8 percent to 496 pence. Eni SpA, Italy’s biggest, lost 7.2 percent to 16.46 euros.

Crude oil for January delivery fell as much as 8.5 percent to $49.52 a barrel in New York after the Organization of Petroleum Exporting Countries deferred a decision to reduce output for another two weeks.

Slowing global growth means demand will be “much lower” than expected a month ago, OPEC said after the group’s Nov. 29 meeting in Cairo. Another cut on Dec. 17 may not be needed if member states enacted 80 percent of the 1.5 million barrel-a-day reduction agreed in October, Al Hayat reported, citing Saudi Arabia’s Oil Minister Ali al-Naimi. read more

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.

15% pay hike for lucky former Shell employees

Shell has exited the Ethiopian fuel market after finalizing a purchase and sale agreement with Libya Oil Holding, according to Petrol Plaza.

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.

Oil’s unlikely alliances likely unnecessary

At the current price, oil developments everywhere are being curtailed or shut down. Royal Dutch Shell last week announced it's yanking its application to build the 100,000-barrel-a-day Carmon Creek oil sands project in northwestern Alberta.

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.

TNK-BP sacks 390 managers in Moscow HQ

 Reuters

TNK-BP, half owned by oil major BP (BP.L: QuoteProfileResearch,Stock Buzz), has become the first oil producer to cut its staff, the daily says reporting on sacking of 390 managers in the head office in Moscow. (ROSSIISKAYA GAZETA)

REUTERS ARTICLE

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.

Shell suffered more workforce deaths last year than any other western oil company

Bloomberg

 

 

Royal Dutch Shell Plc (RDSA LN): Europe’s largest oil producer last year suffered more workforce deaths than any other large western oil company, the Financial Times reported, citing figures the newspaper compiled from company reports. Shell advanced 5 pence, or 0.3 percent, to 1738 pence.

BLOOMBERG ARTICLE

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.

Leeds City Council and Shell UK debate climate change in the city

LEEDS City Council is partnering with the UK Business Council for Sustainable Energy (UKBCSE) and Shell UK to hold a climate change debate today.

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.

Chevron Case Weighs Extent of Overseas Liability

Early next year, Royal Dutch Shell PLC faces a similar case in New York federal court stemming from the 1995 death of Ken Saro-Wiwa, an activist in oil-rich coastal Nigeria critical of the oil industry's environmental impacts. Shell has denied to an oil-industry publication that it was complicit and called the allegation "false and without merit."

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.

Shell signs China synfuels pact

“This agreement is a nice example of Shell's approach to collaboration with Chinese institutes to find and demonstrate an alternative way to convert coal into fuels,” said Shell chief technology officer Jan van der Eijk.

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.

Shell death toll ‘higher than peers’

Last week Shell and service player Amec were each fined £150,000 ($230,000) after an Amec worker died during operations at Clipper. An inspector with the UK's Health & Safety Executive said in a report accident had been caused by the two companies “failing to manage well-known and readily foreseeable hazards”, and said that, had adequate risk assessments been carried out, the “accident could have been avoided”.

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.

Workforce deaths at Shell higher than for other western oil groups

Shell said: "We are deeply saddened by these losses. Of these fatalities, 17 happened in our upstream business, mainly on the roads, or at high-risk locations like Nigeria, where two lives were lost due to assaults and a third died as a result of a fire caused by criminals stealing oil from a pipeline."

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.

Shell tests CO2 injection at oil sands

Shell says it is launching a pilot program that could eliminate nearly half of the carbon dioxide output of a key plant in its Canadian oil sands operations.

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.

OPEC Failure Foretells Steeper Decline 10 Years After $10 Oil

Producers such as Royal Dutch Shell Plc are cutting back plans to develop deposits like Canadian oil sands. Shell indefinitely postponed the second-phase expansion of its Athabasca project because of rising construction costs. Shell, based in The Hague, also delayed seeking regulatory approval for Carmon Creek. Higher cost plans require $80-a-barrel oil to be profitable, according to Merrill Lynch.

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.
Comment Rules

  • Please show respect to the opinions of others no matter how seemingly far-fetched.
  • Abusive, foul language, and/or divisive comments may be deleted without notice.
  • Each blog member is allowed limited comments, as displayed above the comment box.
  • Comments must be limited to the number of words displayed above the comment box.
  • Please limit one comment after any comment posted per post.