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January 11th, 2010:

BP Set to Pass Shell in Market Value for First Time Since 2006

BLOOMBERG

By Eduard Gismatullin and Fred Pals

Jan. 11 (Bloomberg) — BP Plc is poised to unseat Royal Dutch Shell Plc as Europe’s largest oil company by market value for the first time in more than three years after reviving output growth and cutting costs at a faster pace.

BP rose as much as 2.7 percent to 638.30 pence, the highest price in almost 20 months, and traded at 634.20 pence as of 3:15 p.m. in London. That valued the company at 118.979 billion pounds ($192 billion). Shell added as much as 1.6 percent to 1,941 pence, and was last at 1,928 pence, giving it a market value of 118.346 billion pounds. 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.

Shell Shuts Ormen Lange Gas Field After Bad Weather

BusinessWeek Logo

January 11, 2010, 05:37 AM EST

By Ben Farey and Mathew Carr

Jan. 11 (Bloomberg) — Royal Dutch Shell Plc said its Ormen Lange natural-gas field, Europe’s third-largest, halted output this weekend and remains closed because of bad weather.

“Production at Ormen Lange has been shut as a result of continued bad weather in Norway” and Shell is working to resume operations, David Williams, a company spokesman, said today by telephone from The Hague. Shell operates the Norwegian field.

Ormen Lange, the main source of gas for the Langeled pipeline from Norway, is expected to meet as much as 20 percent of Britain’s gas demand for the next 40 years, according to shareholder Statoil ASA. Shell expects the field to reach maximum output of 70 million cubic meters a day this year. 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.

Grahaeme Henderson, MD of Brunei Shell

Message to Shell staff from Dr. Grahaeme Henderson: MONDAY 11 JANUARY 2010:

We have received an email today from the Office of the Chairman of Brunei Shell Petroleum, concerning the unexplained absence from Brunei of Mr. Grahaeme Henderson, MD of Brunei Shell.

It says:

I refer to your recent article on the subject above and would like to inform you that such rumors are not true. Mr. Henderson is currently away on a personal trip and not because of any deportation imposed.

The message was from a senior official of the Brunei government. 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.
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