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May, 2006:

Financial Times: Russia calls for review of two foreign oil projects

By Financial Times reporters
Published: May 26 2006 03:00 | Last updated: May 26 2006 03:00

Russia’s natural resources ministry yesterday called for a review of the two largest foreign oil projects in the country, even as senior officials sought to assure EU leaders that Russia was a reliable energy partner.

The ministry said the legal agreements underpinning oil and gas developments on Sakhalin island, on Russia’s eastern flank, were ineffective and should be reviewed. read more

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Washington Post: Kuwait eyes Dow, BP, Shell, for possible China plant

Dow Chemical Co. and either British Petroleum or Shell may be partners in a joint-venture refinery project in China that Kuwait is considering to help build, a Kuwaiti official said on Saturday.

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Reuters: Anglo American, Shell form clean coal alliance

Anglo American, Shell form clean coal alliance

Thu May 25, 2006 5:31 PM GMT

LONDON (Reuters) – Global miner Anglo American Plc said on Thursday it had formed an alliance with Shell Gas & Power International in converting coal to clean energy.

Anglo said in a statement that the aim was “to maximise the benefits from the emerging field of clean coal energy by taking selective equity positions in coal conversion projects”.

The projects would make use of Anglo's coal reserves and combine its mining capabilities with Royal Dutch Shell's technologies, with the object to extract, gasify and convert coal into chemicals, hydrogen, power, liquid hydrocarbons and other uses. 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 Times: Russia calls for review of two foreign oil projects

Financial Times: Russia calls for review of two foreign oil projects

By Financial Times reporters

Published: May 26 2006 03:00 | Last updated: May 26 2006 03:00

Russia's natural resources ministry yesterday called for a review of the two largest foreign oil projects in the country, even as senior officials sought to assure EU leaders that Russia was a reliable energy partner.

The ministry said the legal agreements underpinning oil and gas developments on Sakhalin island, on Russia's eastern flank, were ineffective and should be reviewed. 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.

The Times: Internships… via Shell

The Times May 25, 2006

Internships… via Shell

THE Shell Technology Enterprise Programme (Step) gives 1,000 ambitious students a chance to boost their CV with business skills earned on eight-week placements at selected small and medium sized enterprises (SMEs). This is not about working for Shell, the oil company.Interns collaborate on projects in R&D, business processes and systems, marketing and manufacturing. Completed projects are outlined in a 1,000-word report and entered into a competition to find the Step “most enterprising student” of the year. Previous winners of the title and £1,000 prize include a University of Warwick student who patented a cellophane bag that automatically cleans water for the firm with which he was placed.

NI_MPU(‘middle’);

Students must be in the second or penultimate year of a full-time degree in any discipline at a UK university. Interns are placed regionally and earn £185 a week (tax exempt). There is no travel allowance.

Apply by June 16 at www.step.org.uk.
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The Independent: Shell's Technology Enterprise Programme: One big Step for studentkind

The Independent: Shell's Technology Enterprise Programme: One big Step for studentkind

 

Shell's Technology Enterprise Programme offers the best-paid holiday jobs ever.

By James Morrison

Published: 25 May 2006

 

For many undergraduates, holiday jobs are spent surgically attached to headsets in sweaty call-centres, or stifling yawns through night shifts at service stations. The idea of being paid £185 a week, tax free, to enhance your career prospects by putting your degree subject to practical use in the workplace simply doesn't compute. 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.

THE WALL STREET JOURNAL: Oil-News Roundup 25 May 2006

Oil News Roundup

The WALL STREET JOURNAL ONLINE May 25, 2006Volatile crude-oil futures plunged by nearly $2 to settle at less than $70 a barrel on the New York Mercantile Exchange, battered by speculators and a U.S. government report of rising inventories of gasoline and other distillates. Here is today’s roundup of news about oil and energy.

* * *

UNREST IN INDIA: Protests by hundreds of contract workers for Oil India Limited, India’s state-owned oil company, disrupted production in oil-rich Assam State. The workers, agitating for higher pay and benefits, set three oil pits ablaze after battling with police earlier in the week. Assam accounts for about 5 million tons of India’s 30-million-ton annual crude-oil production.

AIMING HIGHER: Morgan Stanley analyst Douglas Terreson raised his forecast for the average price of WTI crude oil in 2006 to $65 a barrel from $57.50. He raised his projected 2007 price to $60 a barrel from $55. He also boosted his estimate of U.S. refining margins, lifting profit forecasts for major oil companies in the quarters to come. “We are buyers of the integrated oil stocks,” he wrote. 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.

THE WALL STREET JOURNAL: Oil-News Roundup 25 May 2006

Oil News Roundup

The WALL STREET JOURNAL ONLINE May 25, 2006Volatile crude-oil futures plunged by nearly $2 to settle at less than $70 a barrel on the New York Mercantile Exchange, battered by speculators and a U.S. government report of rising inventories of gasoline and other distillates. Here is today’s roundup of news about oil and energy.

* * *

UNREST IN INDIA: Protests by hundreds of contract workers for Oil India Limited, India’s state-owned oil company, disrupted production in oil-rich Assam State. The workers, agitating for higher pay and benefits, set three oil pits ablaze after battling with police earlier in the week. Assam accounts for about 5 million tons of India’s 30-million-ton annual crude-oil production.

AIMING HIGHER: Morgan Stanley analyst Douglas Terreson raised his forecast for the average price of WTI crude oil in 2006 to $65 a barrel from $57.50. He raised his projected 2007 price to $60 a barrel from $55. He also boosted his estimate of U.S. refining margins, lifting profit forecasts for major oil companies in the quarters to come. “We are buyers of the integrated oil stocks,” he wrote. 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.

Fortune Magazine: The Oil Market: SLICK OPERATORS How hedge funds, traders, and Big Oil are really driving gas prices.

Fortune: The Oil Market: SLICK OPERATORS How hedge funds, traders, and Big Oil are really driving gas prices.

NELSON D. SCHWARTZ; JON BIRGERREPORTER ASSOCIATE Doris Burke

3921 words

29 May 2006

U.S. Edition

72

English

© 2006 Time Incorporated. Provided by ProQuest Information and Learning. All Rights Reserved.

On a sunny May day in an office park in the Surrey countryside outside London, a Ferrari-driving hedge fund manager named Aref Karim is scooping up contracts to buy oil in July for $75 a barrel, $3 more than it's currently selling for. His company, QCM, has garnered more than $125 million in fresh cash since the beginning of the year, and he's itching to keep it at work. A few hundred miles to the south in Paris, on the trading floor of Societe Generale Asset Management, Arnaud Chretien's team of Ph.D.s and engineers operates in near silence, with powerful computers buying and selling commodities according to preset algorithms, taking advantage of swift movements in everything from heating oil and gasoline to zinc and copper. “It's quiet because we try to think,” says Chretien, a dapper 41-year-old who sports an Hermes watch and resembles a younger, Gallic Kurt Russell. 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.

THE WALL STREET JOURNAL: Oil-News Roundup 24 May 2006

Oil News Roundup

The WALL STREET JOURNAL ONLINE May 24, 2006Crude-oil futures surged by more than $1 to settle north of $71 a barrel on the New York Mercantile Exchange, driven partly by worries about another robust hurricane season in the Gulf of Mexico. Here is today’s roundup of news about oil and energy.

* * *

BIG OIL UNDER ATTACK: Even longtime supporters of the oil industry are turning more critical of giant firms’ record profits. Amid these attacks, Big Oil is launching its most vigorous political offensive since the 1970s, but its current political woes go deeper than the recent surge in pump prices.

CHINA LETS GAS PRICES RISE: Just as it is starting to let its yuan trade with the slightest bit of extra freedom against the dollar, China is also loosening up its price controls on gasoline and diesel fuel. Beijing’s second price increase in two months will allow a 10% gain in the price of gas and an 11% gain in diesel, effective tomorrow. But those won’t likely be enough to quell demand or inspire the adoption of conservation measures, experts say, meaning China will probably keep putting upward pressure on global fuel prices for some time to come. On the bright side, China’s refiners will get a little more money for their efforts. 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.

THE WALL STREET JOURNAL: Under Attack, Big Oil Finds Reserves of Clout Running Low

Creaky Machinery
Under Attack, Big Oil Finds
Reserves of Clout Running Low

Giants Cut Back U.S. Lobbying As Action Shifted Abroad; New Bid to Play Catch-Up How Rep. Barton Turned Critic By BRODY MULLINS and RUSSELL GOLD May 24, 2006; Page A1Rep. Joe Barton should be Big Oil’s biggest friend in Congress. The Republican chairman of the House Energy and Commerce Committee hails from a booming corner of the Texas energy patch. An engineer by training, he spent years working for a large integrated oil company, Atlantic Richfield Co. Since 2000, no House lawmaker has received more campaign contributions from oil and gas companies than Mr. Barton.

But in recent months, Mr. Barton has become a vocal industry critic. He struck from last summer’s energy bill a measure that would have relieved the companies of liability for pollution caused by a gasoline additive. He started an investigation into record profits. Earlier this month, he sent a letter to the top U.S.-based executive of BP PLC, which now owns the company that once employed him, demanding that the company spend more of its profits to expand refining capacity in the U.S. The same day he sent another letter to Exxon Mobil Corp. blasting the compensation and pension package for recently departed CEO Lee Raymond. Mr. Raymond received a lump-sum pension payment of nearly $100 million. 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.

Voice of America: Shell Declines to Pay Nigeria Damages Pending Appeal

Shell Declines to Pay Nigeria Damages Pending Appeal
By Gilbert da Costa
Abuja
An oil installation belonging to Shell Petroleum Development Company in Odidi, Niger Delta area of Nigeria, Feb. 2006

Multinational oil company Shell, is set to defy a Nigerian court-ordered deadline to pay $1.5 billion in compensation damages to local communities in the Niger Delta. Shell’s decision not to pay the damages pending an appeal is likely to incense militants who have attacked oil-and-gas facilities in the past six months.

Shell says it will wait for a decision on its appeal before considering a court order to pay $1.5 billion in compensation damages to ethnic-Ijaw communities in the Niger Delta. read more

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Gulf Daily News (Bahrain): Shell seeks to invest in $2.4bn China refinery

Shell seeks to invest in $2.4bn China refinery

Published: Wednesday, 24 May, 2006, 10:23 AM Doha Time

BEIJING: Royal Dutch Shell Plc, Europe’s second-largest oil company, said it’s in talks about investing in a 19.3bn-yuan ($2.4bn) oil refinery being built by China National Offshore Oil Corp in southern China.

Shell wants to invest in the refinery to integrate the facility with an adjacent $4.3bn chemical joint venture with China National Offshore, Lim Haw Kuang, chairman of Shell’s companies in China, said at Daya Bay in Nanhai, an area in the southern province of Guangdong. read more

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Expansion (Spain): Shell appointed technological partner for Extremadura refinery (La refineria de Extremadura 'ficha' a Shell como aliado tecnologico del proyecto)

Shell appointed technological partner for Extremadura refinery (La refineria de Extremadura 'ficha' a Shell como aliado tecnologico del proyecto)
Expansion; May 23, 2006

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In Spain, shareholders in an oil refinery in the Spanish autonomous region of Extremadura approve a rights issue and formed the board of directors of the company responsible for the project, Refineria Balboa. Spanish entrepreneur Alfonso Gallardo has a 47 per cent stake in the firm, while Sociedad de Fomento Industrial de Extremadura has a 20 per cent stake. The remaining 33 per cent is owned by leading Spanish electricity group Iberdrola and leading Spanish bank Banco Bilbao Vizcaya Argentaria (BBVA) and savings bank Caja Madrid (10 per cent each) and Corporacion Empresarial de Caja Extremadura (3 per cent). read more

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