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September, 2004:

Nigerian rebels: ‘All-out war’ to start Friday

Sep 28th, 2004
by John Donovan.
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MSNBC: Nigerian rebels: ‘All-out war’ to start Friday

The rebel group’s leader, Mujahid Dokubo-Asari, accused Royal Dutch Shell, Nigeria’s largest oil producer… …of “collaboration with the Nigerian state in acts of genocide against our people.”

Dutch, Italian oil companies accused of ‘genocide’

Posted Sept. 28, 2004

LAGOS, Nigeria – The Nigerian rebel group fighting government troops in the oil-rich Niger delta said Monday it will launch “all-out war on the Nigerian state” beginning Friday and advised all oil companies to shut production by then.

The Niger Delta People’s Volunteer Force, in a communiqué issued after a meeting of its central command, also advised all foreigners to leave the delta, which pumps all of Nigeria’s production of 2.3 million barrels per day. 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.

Oil price soars over $50 a barrel

Sep 28th, 2004
by John Donovan.
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London Evening Standard: Oil price soars over $50 a barrel

“The rebel group accused Royal Dutch Shell, Nigeria’s largest oil producer, and Italy’s Agip of ‘collaboration with the Nigerian state in acts of genocide against our people’.”: ‘We now think that crude oil could reach $61,’ warned investment bank Morgan Stanley.

This Is Money

28 September 2004,

THE price of oil pushed past the psychologically important $50 a barrel this morning to an all-time high of $50.01 as the market stayed bullish on a slow post-Hurricane Ivan recovery in the Gulf of Mexico.

In Britain, motorists were warned to expect a 10p a gallon rise in petrol prices this week. Diesel is also expected to increase by more than 2p a gallon, say fuel retailers.

The record oil price was set in after-hours Asian trade on the New York Mercantile Exchange as continuing unrest in key producers Saudi Arabia, Iraq and Nigeria took effect. 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.

Low Oil Inventories in U.S. Signal High Prices May Stay a While

Sep 28th, 2004
by John Donovan.
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THE WALL STREET JOURNAL: Low Oil Inventories in U.S. Signal High Prices May Stay a While

“Royal Dutch/Shell Group, the largest operator in Nigeria, has withdrawn nonessential personnel from Nigeria’s southern petroleum regions. Nigeria produces about 2.4 million barrels a day of highly desirable, light, low-sulfur oil.”

By BHUSHAN BAHREE

Staff Reporter of THE WALL STREET JOURNAL

September 28, 2004; Page A1

As oil prices headed toward $50 a barrel Monday, one of the world’s most important fuel gauges — U.S. commercial inventories of crude oil — signaled that the surge in prices may well continue.

Inventories in the U.S. have plunged substantially below last year’s level, confounding predictions by many analysts that stocks were building.

That may portend bigger jumps in the price as the Northern Hemisphere approaches winter, the season of peak oil use due to consumption of heating oil. To rebuild stocks and keep refineries humming, the actual users of oil — rather than speculators — are likely to snap up petroleum, keeping up the pressure on prices. 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.

Nigeria violence pushes oil price to new record

Sep 28th, 2004
by John Donovan.
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The Times: Nigeria violence pushes oil price to new record

“Shell said it had removed some 200 non-essential workers from an area close to Soku, where the oil company has a hub facility that collects gas from oil wells across the region for delivery to Nigeria LNG, one of the world’s biggest gas liquefaction plants, located on Bonny Island.”

By Carl Mortished, International Business Editor

September 28, 2004

THE price of crude oil made new records yesterday, flirting close to $50 per barrel in New York as traders reacted to continuing violence in oil- producing states, including Nigeria.

Rising tension in the Niger Delta renewed concerns about attacks on oil infrastructure in one of the larger Opec producer states. Anxiety about the repeat of last year’s production shutdowns in Nigeria and the killing of a French national in Saudi Arabia over the weekend sent the crude price climbing to $49.74 a barrel in New York, a record high for the Nymex light, sweet crude forward contract. 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 could quit Niger Delta

Sep 28th, 2004
by John Donovan.
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London Evening Standard: Shell could quit Niger Delta

“…“the latest outbreak of violence in Nigeria is simply the beginning of a civil war that could force Shell into a huge shake-up of its activities in the oil-rich country.”: “Shell’s links with Nigeria reached a low point nine years ago when Greenpeace said the giant had blood on its hands after the government executed activist Ken Saro-Wiwa.”

Steve Hawkes, Evening Standard

28 September 2004

ENVIRONMENTAL activists claim the latest outbreak of violence in Nigeria is simply the beginning of a civil war that could force Shell into a huge shake-up of its activities in the oil-rich country.

Shell has evacuated 235 staff from two oilfields as militants in the Niger Delta fight government troops. However, it claims to have managed to keep production at almost a million barrels a day.

But an escalation in violence would be likely to lead to a shutdown at a number of facilities, and would cast a shadow over the efforts of chairman Jeroen van der Veer to revive the business. 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.

Oil Nears $50 as Gulf Storms Curtail Output

Sep 28th, 2004
by John Donovan.
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THE NEW YORK TIMES: Oil Nears $50 as Gulf Storms Curtail Output

“A spokesman for Royal Dutch/Shell, Andy Corrigan, said in London that Shell had evacuated 235 nonessential workers from the Port Harcourt region of Nigeria on Friday because of a “tense security situation.”

By JAD MOUAWAD

Published: September 28, 2004

Oil prices rose to another record yesterday but remained just below the $50-a-barrel mark, as traders expressed concern that recent hurricanes had hurt output in the United States at a time commercial supplies remained low.

On the New York Mercantile Exchange, oil for November delivery settled at $49.64 a barrel, up 76 cents, after touching $49.74 earlier in the session, the highest level since crude oil began trading on the exchange in 1983. The price rose above $50 a barrel in electronic trading after hours. 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.

Oil Charges Over $50 on Nigeria Threat

Sep 28th, 2004
by John Donovan.
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THE NEW YORK TIMES/REUTERS: Oil Charges Over $50 on Nigeria Threat

“Oil prices raced to new record highs above $50 on Tuesday as rebel threats against Nigerian oil facilities threatened to inflict further strain on global supplies.”: “Shell has already cut 30,000 to 40,000 bpd due to security curbs.: “U.S. crude stocks have fallen for the last eight weeks and are running at a 13 million barrel deficit compared with a year ago, at a time when they should be building ahead of winter.”

By REUTERS

Published: September 28, 2004

Filed at 8:08 a.m. ET

LONDON (Reuters) – Oil prices raced to new record highs above $50 on Tuesday as rebel threats against Nigerian oil facilities threatened to inflict further strain on global supplies.

U.S. light crude touched a high of $50.47 a barrel and at 1120 GMT, the contract was trading at $50.03, up 39 cents. London’s Brent crude set a new peak at $46.80 a barrel, before easing to $46.43, up 50 cents.

Oil has grabbed the financial market spotlight this year, surging 55 percent as rising consumption and the fallout from years of underinvestment in supply infrastructure tempts heavy buying from big-money funds. 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 Some Nigerian Oil Output as Tension Rises

Sep 28th, 2004
by John Donovan.
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Bloomberg: Shell Shuts Some Nigerian Oil Output as Tension Rises (Update1): “Violence in the Niger River delta, where Nigeria’s oil is produced, kills about 1,000 people a year, according to a confidential report funded by Shell.”

Sept. 28 (Bloomberg) — Royal Dutch/Shell Group’s Nigerian venture, which pumps almost half the oil in Africa’s biggest oil producer, closed an oil-pumping station and reduced the movement of staff after rebels threatened to attack oil installations.

The pumping station usually produces 28,000 barrels a day of oil, said Simon Buerk, a Shell spokesman in London, a small part of Shell’s daily output of more than 1 million barrels. Eni SpA and Total SA said their Nigerian oil output is unaffected. 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.

Nigerian Oil Wells Marked Part of $15b Shell Investment

Sep 28th, 2004
by John Donovan.
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AllAfrica.com: Nigerian Oil Wells Marked Part of $15b Shell Investment

“Several top brass including chairman Philip Watts were ousted in the wake of Shell’s restatement of reserves. It later emerged that several senior executives had been aware of problems long before they were made public. The oil giant was fined a total of 150 million dollars by US and British regulators last month.”

Hector Igbikiowubo, With Agency Report

Vanguard (Lagos)

September 28, 2004

MAJOR Nigerian oil wells operated by Royal Dutch/Shell are to benefit from the company’s plan to increase it’s global annual capital investment to $15billion (about N2.04trillion)to boost spending on exploration and production, and make the replacement of its missing reserves a priority.

The company also served notice that it will, in addition, sell non-core assets and this is all aimed at restoring traumatised investor confidence. 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.

BP seeks go-ahead for European oil mergers

Sep 27th, 2004
by John Donovan.
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THE BUSINESS: BP seeks go-ahead for European oil mergers

“British oil giant BP, is lobbying the European Commission (EC) in Brussels to relax its competition rules to allow mega-mergers…”: “references to competition policy will stir speculation that it has Royal Dutch/Shell in its sights.

By Fraser Nelson

Political Editor

26/27 Sept 04

British oil giant BP, is lobbying the European Commission (EC) in Brussels to relax its competition rules to allow mega-mergers between French, British, Italian and Scandinavian oil companies.

Nick Butler, BP’s head of strategy, will warn the EC in a forthcoming article that Europe’s demand for energy is being increasingly matched by fuel-hungry countries such as India and China. He will say that European consumers’ interests lies in having oil firms large enough to cope with this challenge. For that to happen, he says, the rules must be relaxed. 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’S ANNUS HORRIBILIS

Sep 27th, 2004
by John Donovan.
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FROM OUR SHELL NEWS ARCHIVE SEPT 2004

Daily Express (UK): SHELL’S ANNUS HORRIBILIS

Published 23 Sept 2004

Jan 9, 2004: Reserves downgraded; shares slump

Mar 7: Chairman Sir Philip Watts ousted

Apr 19: E-mails about ‘lying’ revealed

Apr 24: FSA launches probe

Jun 6: Shell forced to speed up structural reform

Jul 29: Fined £84m by US and UK watchdogs

Sep 22: New investment strategy

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 buy expands DCC UK business

Sep 27th, 2004
by John Donovan.
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Rte: Shell buy expands DCC UK business

“DCC’s energy division is to acquire the business and assets of Shell Direct UK for a total of €23m. Shell Direct supplies heating oils and transport fuels to domestic and commercial customers in Britain.”

September 27, 2004

DCC’s energy division is to acquire the business and assets of Shell Direct UK for a total of €23m. Shell Direct supplies heating oils and transport fuels to domestic and commercial customers in Britain.

The business will operate as a Shell branded distributor trading as Emo Oil. It has 36 depots across Britain and employs around 500 people.

DCC says the business has sales of around 600 million litres a year, which would give a turnover of around €300m at current energy prices. 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.

Financial regulator doubles total fines

Sep 27th, 2004
by John Donovan.
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The Times: Financial regulator doubles total fines

“The recent fines record was dominated by the £17 million penalty meted out in August to Shell for repeatedly misleading shareholders over its oil and gas reserves.”

By Patrick Hosking, Investment Editor

September 27, 2004

THE duo running the Financial Services Authority have been accused of a “slash and burn” approach to punishing wrongdoers as it emerged that FSA fines have doubled in their first year in the job.

Callum McCarthy and John Tiner, who last week celebrated their first 12 months as chairman and chief executive respectively, have administered 25 fines totalling £27.3 million.

Sir Howard Davies, who was both chairman and chief executive, administered 13 fines totalling £12.5 million in his final 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.

Oil Jumps to Record, Nearing $50, on Threat to Nigerian Supply

Sep 27th, 2004
by John Donovan.
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Bloomberg: Oil Jumps to Record, Nearing $50, on Threat to Nigerian Supply

“Royal Dutch/Shell Group’s venture in Nigeria evacuated 235 employees from the Niger River delta Friday amid clashes between government troops and armed militants.”

Sept. 27 (Bloomberg) — Crude oil rose to a record $49.74 a barrel in New York, its eighth straight gain, on concern rebels may target output in Nigeria as U.S. refiners struggle to meet their needs after Hurricane Ivan cut Gulf of Mexico supplies.

Oil is up 53 percent this year. Royal Dutch/Shell Group’s venture in Nigeria evacuated 235 employees from the Niger River delta Friday amid clashes between government troops and armed militants. In the U.S., declining oil inventories, now close to a 29-year low, led the government to agree to loan oil from its emergency stockpile so refiners can make gasoline. 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.

Oil nears $50 as storms, global tension drive prices

Sep 27th, 2004
by John Donovan.
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USA TODAY: Oil nears $50 as storms, global tension drive prices

“In Nigeria, rebels seeking political reforms in the impoverished oil-producing Niger delta scored a success with the closure by Royal Dutch/Shell of a small 30,000 barrels a day. Shell evacuated some staff as a security precaution as government troops battle militia, threatening deliveries from the country that pumps 2.5 million barrels daily.”

27 Sept 04

WASHINGTON (AP) — Oil prices approached $50 a barrel Monday as domestic and foreign supply concerns persist amid strong global demand.

Crude oil for November delivery was up 52 cents, or 1.1%, at $49.40 in late afternoon trading on the New York Mercantile Exchange. Prices reached $49.74, the highest since futures began trading in 1983. Oil futures were up 75% from a year earlier.

Crude futures settled Friday at a record $48.88 a barrel. Adjusting for inflation, today’s prices are still more than $30 below the level reached in 1981 after the Iranian revolution. 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.

399 Ex-Employees Of Shell Win Suit For Refund Estimated At RM100 Million

Sep 26th, 2004
by John Donovan.
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Sarawak News: 399 Ex-Employees Of Shell Win Suit For Refund Estimated At RM100 Million: “The Miri High Court has ordered Sarawak Shell Bhd (SSB), Sabah Shell Petroleum Co Ltd (SSPC), the Trustees of Shell Sarawak and Sabah Retirement Fund (SSSRBF) and Shell Sarawak and Sabah Provident Fund (SSSPF), to pay nearly RM100 million to 399 former employees”

(Webmasters note: Sabah Shell Petroleum Co Ltd is a UK company)

Posted 26 Sept 04

MIRI, Sept 23 (Bernama) — The Miri High Court has ordered Sarawak Shell Bhd (SSB), Sabah Shell Petroleum Co Ltd (SSPC), the Trustees of Shell Sarawak and Sabah Retirement Fund (SSSRBF) and Shell Sarawak and Sabah Provident Fund (SSSPF), to pay nearly RM100 million to 399 former employees.

Judicial Commissioner, Datuk Abdul Aziz Abdul Rahim, last Monday ruled in favour of the ex-employees, named Project Team A, who filed their suit on Nov 29, 2002 through their counsel, Eric Khoo and Gabriel Kok. 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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