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Posts from ‘September, 2004’

SEPTEMBER 2004 ROYAL DUTCH SHELL NEWS

royaldutchshellplc.com and its also non-profit sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Oil Continues Upward March

The Washington Post: Oil Continues Upward March

“Royal Dutch/Shell Group of Cos… withdrew nonessential personnel from the Niger Delta, said Simon Buerk, a London-based spokesman for the company. Citing policy, Buerk would not say whether production in the country was reduced as a result of the personnel withdrawal.”

Justin Blum and Nell Henderson

Sep 29, 2004

Crude oil prices jumped beyond $50 a barrel yesterday, renewing concerns that sustained high energy costs will further weaken the U.S. economy.

The surge came after rebels in Nigeria threatened to interfere with oil production, upsetting a market already on edge over domestic supply disruptions in the Gulf of Mexico caused by Hurricane Ivan. Lost production and a decline in imports because of the storm led to a reduction in U.S. crude oil inventories.

At the close, U.S. benchmark crude oil for November delivery on the New York Mercantile Exchange stood at a record $49.90 per barrel. Adjusted for inflation, the price was still below its peak in 1981. read more

royaldutchshellplc.com and its also non-profit sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Nigerian militia threatens full-scale armed struggle in oil region

AP Worldstream: Nigerian militia threatens “full-scale” armed struggle in oil region

“Donald Boham, a spokesman for Royal Dutch/Shell’s subsidiary, Shell Petroleum Development Company of Nigeria Ltd., said “we’re not really worried about the threats. But we have to watch the situation as it develops.”

DULUE MBACHU

Sep 29, 2004

Militiamen trying to wrest control of the oil-rich Niger Delta threatened to launch a “full-scale armed struggle” on petroleum-pumping operations in Africa’s largest crude oil producing nation, urging foreign oil workers to leave the region.

A military spokesman, however, called Tuesday’s threats “empty.” Major oil companies played down the warnings, saying they won’t seriously affect exports and issuing no orders to staff to pull out. read more

royaldutchshellplc.com and its also non-profit sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Bloomberg: CNOOC to Develop Gas Field Without Unocal, Shell (Update1)

Bloomberg: CNOOC to Develop Gas Field Without Unocal, Shell (Update1)

Sept. 29 (Bloomberg) — CNOOC Ltd., China’s biggest offshore oil and gas producer, said the withdrawal of Unocal Corp. and Royal Dutch/Shell Group from its East China Sea gas venture won’t prevent production from starting up on schedule by mid-2005.

A group led by CNOOC and including China Petrochemical Corp. started drilling in the area in October last year, prompting the Japanese government’s concern that its share of the gas may be siphoned off. The Chunxiao field, the first to be developed in the area known as the Xihu Trough, straddles the border between the nations. read more

royaldutchshellplc.com and its also non-profit sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Unocal, Royal Dutch/Shell cancel East China Sea project

AFX Europe (Focus): Unocal, Royal Dutch/Shell cancel East China Sea project

Sep 29, 2004

SAN FRANCISCO (AFX) — Unocal and Royal Dutch/Shell Group said late Tuesday that their subsidiaries have canceled five contracts to explore, develop and market natural gas resources in the Xihu Trough of the East China Sea. Unocal East China Sea, a subsidiary of Unocal and Pecten Orient, a subsidiary of Royal Dutch/Shell, each hold a 20 percent interest in the contracts. China National Offshore Oil and China Petrochemical holds the remaining interest.

The U.S. affiliates entered into the contracts in August 2003. Unocal said it expects to record a charge of roughly $10 million after-tax in the third quarter for relinquishment of lands and to settle remaining obligations. read more

royaldutchshellplc.com and its also non-profit sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Violence in Nigeria forces Shell to cut output

Financial Times: Violence in Nigeria forces Shell to cut output

By Michael Peel in Lagos and James Boxell in London

Published: September 29 2004

Royal Dutch/Shell said yesterday it had suffered its first production loss as the result of violence in Nigeria’s oil-rich and troubled Niger Delta, where a militia leader has condemned oil multinationals and warned foreigners to leave the area.

The military taskforce set up in response to growing violence in the region called for calm but warned militia leaders to “stop stirring internal insurrection” and said “crack teams” of troops were ready to respond to trouble. read more

royaldutchshellplc.com and its also non-profit sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Oil gushes through $50 level for the first time

Daily Telegraph: Oil gushes through $50 level for the first time

“Meanwhile, Shell staunchly refused to shut down production in Nigeria, despite threats from militants of an “all-time war” from Friday. Shell has evacuated 235 workers and has temporarily lost about 30,000-40,000 barrels of oil a day from the region.”

By Malcolm Moore, Economics Correspondent (Filed: 29/09/2004)

Oil shot through $50 a barrel for the first time yesterday as the President of Opec admitted the cartel “cannot do anything” to help and warned of a global recession.

Saudi Arabia tried to cool the market by announcing that it would increase its production from 9.5m barrels a day to 11m, but Purnomo Yusgiantoro, the president of the oil cartel, said increased output may not bring down prices. “Whatever we do, there is no sensitivity in the market,” he warned. read more

royaldutchshellplc.com and its also non-profit sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Nigerian Oil Delta Rebel Says Meeting Obasanjo

THE NEW YORK TIMES/REUTERS: Nigerian Oil Delta Rebel Says Meeting Obasanjo

“A recent consultant report for Shell estimated that about 1,000 people die every year because of communal and political unrest in the delta, where the majority live in abject poverty despite the oil wealth under their soil”: “…his ideas are reminiscent of rebels such as… Ken Saro-Wiwa, who was hanged by the late military dictator Sani Abacha in 1995.

By REUTERS

Published: September 29, 2004

LAGOS (Reuters) – A rebel fighting for autonomy in Nigeria’s oil-producing Niger Delta said he would meet President Olusegun Obasanjo on Wednesday to discuss terms for ending the violence that has helped push crude prices to record highs.

Mujahid Dokubo-Asari, who leads a militia called the Niger Delta People’s Volunteer Force, told Reuters a rebel offensive, due to be launched on Friday, would be suspended if an agreement was reached on political autonomy and oil revenues for the impoverished delta region. read more

royaldutchshellplc.com and its also non-profit sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Shell Says Chmn, E&P Head Met With Russian PM Wed

THE WALL STREET JOURNAL/DOW JONES NEWSWIRES: Shell Says Chmn, E&P Head Met With Russian PM Wed

DOW JONES NEWSWIRES

September 29, 2004 7:52 a.m.

LONDON — Royal Dutch/Shell Group (RD, SC) said Wednesday its senior management met with Russian Prime Minister Mikhail Fradkov to discuss “growth opportunities” in the oil-rich nation.

A spokesman for Shell in London said the company’s chairman, Jeroen van der Veer, and its head of exploration and production, Malcolm Brinded, met with Fradkov during his visit to The Hague Wednesday.

The spokesman, Simon Buerk, declined to specify which projects were discussed. read more

royaldutchshellplc.com and its also non-profit sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Russian PM To Talk To Shell About Shtokmanov – Interfax

THE WALL STREET JOURNAL/DOW JONES NEWSWIRES: Russian PM To Talk To Shell About Shtokmanov – Interfax

DOW JONES NEWSWIRES

September 29, 2004 2:35 a.m.

MOSCOW — Russian Prime Minister Mikhail Fradkov said Tuesday that he will talk to representatives of Royal Dutch/Shell (RD) about the possibility of its investing in the Barents sea gas field Shtokmanov, the news agency Interfax reported Wednesday.

“We will talk to Shell about the possibility of them increasing their presence in Russian assets. We will discuss the possibility of the company increasing its involvement in the Shtokmanov and Sakhalin projects,” the agency quoted Fradkov as saying on arrival in the Netherlands for an official visit. read more

royaldutchshellplc.com and its also non-profit sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Nigerian violence pushes world oil prices to record

Daily Telegraph: Nigerian violence pushes world oil prices to record

“Violent clashes between soldiers and militants in Nigeria pushed the oil price to record highs yesterday as Shell airlifted out its workers.”: “Supertanker charges have risen by close to 80pc in the past two weeks, allowing owners to get four times what they need to break even.”

By Malcolm Moore, Economics Correspondent (Filed: 28/09/2004)

Violent clashes between soldiers and militants in Nigeria pushed the oil price to record highs yesterday as Shell airlifted out its workers.

During trading in London, the price of benchmark Brent crude for November delivery closed up 60 cents at $45.93 a barrel. In New York, the price of light crude was just below $50 as it gained 62 cents to $49.50.

Shell has lost around 30,000 to 40,000 barrels of oil a day from Nigeria as rebels in the Niger Delta fought soldiers. A spokesman for Shell said around 235 non-essential workers had been moved out of the area. read more

royaldutchshellplc.com and its also non-profit sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Days of cheap oil over as prices reach record levels

The Scotsman: Days of cheap oil over as prices reach record levels

“An industry source said that Shell has lost up to 40,000 barrels of daily oil production as violence swept across Nigeria’s Delta region.”

CATRINA STEWART

28 Sept 04

GLOBAL oil prices neared $50 a barrel yesterday, as they climbed to their highest levels on the back of an outbreak of violence in Nigeria.

US light crude oil, the American benchmark, peaked at $49.75 a barrel, its highest level in 21 years of trading on the New York Mercantile Exchange. Brent, Europe’s benchmark crude, also set new records, at $46.28 a barrel.

Prices eased in afternoon trading, but analysts warned that the era of cheap oil was over and predicted that futures would hit $50 a barrel later this week. read more

royaldutchshellplc.com and its also non-profit sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Crude hits new highs on Nigerian fears

Financial Times: Crude hits new highs on Nigerian fears: “Crude oil hit $50 a barrel in after-hours trading in New York on Monday evening…”: “Royal Dutch/Shell Group said it had shut up to 40,000 barrels per day of oil production for security reasons. Shell last week evacuated 235 staff from two oilfields as government troops launched raids on nearby communities to track down militants.”

By Kevin Morrison

Posted 28 Sept 04

Crude oil hit $50 a barrel in after-hours trading in New York on Monday evening on concern about supply disruptions in Nigeria, where rebels are threatening an uprising in the oil-producing region.

The latest unrest in Nigeria comes when oil markets are already concerned about supply issues in Iraq and Russia.

“While such periodic unrest has become somewhat common, the disturbance comes atop already heightened concerns about supply availability headed towards the northern hemisphere winter,” said Michael Rothman, chief energy strategist at Merrill Lynch. read more

royaldutchshellplc.com and its also non-profit sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Technology: Wanted: toolkit for global job ads

Financial Times: Technology: Wanted: toolkit for global job ads: “Shell, the multinational oil giant, had a multilateral problem.”

Published: September 28 2004

Shell, the multinational oil giant, had a multilateral problem.

It recruits across 145 markets worldwide and was having difficulty in creating a consistent global brand strategy. The scenario will be familiar to anybody in recruitment advertising. The company briefs the agency, which creates the ad, which goes back to the client for modification and approval and then back to the agency… and so on. It used to take 10 days and each market did its own thing.

Why, thought Navjot Singh, Shell’s global marketing manager, can’t we create an internally consistent advertisement in a few minutes? The answer was a website, created by Shell in conjunction with the web consultancy Adtool and the agency JWT, which hosts an ad creation toolkit accessible by every Shell office worldwide. read more

royaldutchshellplc.com and its also non-profit sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Nigerian fighting pushes oil price to record high

The Guardian: Nigerian fighting pushes oil price to record high

“”Once again the security situation in Nigeria is proving to be a real concern,” said Simon Wardell, oil analyst at World Markets Research Centre in London.”

Ashley Seager

Tuesday September 28, 2004

World oil prices set record highs of almost $50 a barrel yesterday as fears of disruption to Nigerian supplies spooked an already tight market and threatened to have a knock-on effect at garage forecourts.

The highest demand for oil in 25 years means global production is stretched to the limit, so news of fresh fighting between government troops and rebels in Nigeria’s oil-rich Delta pushed up prices.

US light crude futures rose 86 cents a barrel to $49.74, breaking the previous record of $49.40 set over a month ago. Brent crude surged 87 cents to a new high of $46.25. read more

royaldutchshellplc.com and its also non-profit sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Shell unit purchase fuels DCC expansion

Financial Times: Shell unit purchase fuels DCC expansion: “DCC, the Irish sales and marketing group, has agreed to buy Shell Direct UK for €20.1m (£13.7m).”

By Tim Digby

Published: September 28 2004

DCC, the Irish sales and marketing group, has agreed to buy Shell Direct UK for €20.1m (£13.7m). The company said the business, which distributes heating oils and transport fuels in the UK, had annual turnover of about €300m and was expected to be “modestly profitable” in the first full year of ownership.

With an estimated working capital requirement of €3m, the total investment cost will be €23.1m.

Shell Direct UK has annual sales volume of about 600m litres and employs 500 people. read more

royaldutchshellplc.com and its also non-profit sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.
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