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Posts from ‘June, 2007’

Community Press – Florence,KY,USA: Solving the mystery of the Shell commercial

Television commercials will probably be around for a long time to come, since they help to defray the cost of the programming that we enjoy, and few of us would be willing to pay the subscription fees that would be necessary if advertisers didn’t pick up the tab.

Some commercials are inane (business owners and CEO’s starring in their own commercials), some are annoying (“Head-on”), and some are clever and entertaining (e.g., the Geico “caveman” commercials.) However, most of them are pretty straightforward in terms of their message: “Buy our product because it is better.” read more

royaldutchshellplc.com and its 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.

San Jose Mercury News: Oklahoma couple wins $105.8M Powerball

Powerball Winners

Don and Joyce Harvey smile during a news conference in Oklahoma City, Friday, June… (AP Photo )

By RON JENKINS Associated Press Writer
Article Launched: 06/29/2007 08:48:20 PM PDT

OKLAHOMA CITY—Don Harvey’s long-haul truck had almost 2 million miles on it when its engine died this week. Now, he’s planning to ride the road in style, after winning a $105.8 million Powerball ticket with his wife.

Harvey and his wife, Joyce, said they will pay off bills, help family members and think about buying a new home with their winnings. They chose to receive a $33.3 million lump sum after taxes instead of the full amount paid out over 29 years. read more

royaldutchshellplc.com and its 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.

CNNMoney.com: Royal Dutch Shell plc : Voting Rights and Capital

June 29, 2007: 11:57 AM EST

LONDON, June 29 /PRNewswire-FirstCall/ — In conformity with the Disclosure and Transparency Rules, we hereby notify the market of the following:

Royal Dutch Shell plc’s capital consists of 3,657,843,000 A shares and 2,759,360,000 B shares, each with voting rights. Royal Dutch Shell plc holds no ordinary shares in Treasury.

The above figures may be used by shareholders as the denominators for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, Royal Dutch Shell plc under the FSA’s Disclosure and Transparency Rules. read more

royaldutchshellplc.com and its 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.

Daily Express (UK): Shell’s ‘hidden’ £60bn sparks bid talk

Market Report by David Shand
29 June 2007

SPECULATION of a big takeover in the oil sector was fuelled yesterday by a leading broker suggesting industry giant Shell was undervalued by £60 billion.

Morgan Stanley claimed the “valuable businesses” of the oil super majors had been obscured by their conglomerate tag. It added: “Waiting for the catalyst in the oil sector is a pretty sure way of missing the party. No one forecast that BP was going to take over Amoco. Most scoffed at the idea of a merger between BP and Shell last year, but it has now become broadly accepted that the two companies talked to each other about the idea.” read more

royaldutchshellplc.com and its 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.

AP Worldstream: Oil boom, shifting global politics give Africa its best chance in decades

EDWARD HARRIS
Published: Jun 29, 2007

Europe’s great powers once scrambled for dominance across vast, underdeveloped African lands rich in raw resources, including the scarlet palm oil used to grease the first cogs of the industrial revolution.

A century later, a new group of nations are competing for a different valuable, viscous material, with Sub-Saharan Africa closing in on the Persian Gulf as the prime overseas supplier of oil to the last remaining superpower.

As China and India increasingly prospect for resources here, terrorism concerns rise and the U.S. military seeks a permanent military presence in Africa, the continent has its greatest international influence in decades. Whether Africa can use its newfound might to end its longtime blight is a separate issue. read more

royaldutchshellplc.com and its 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.

Daily Telegraph: Royal Dutch Shell enjoys City upgrades

By Yvette Essen, Stock Markets Reporter
Last Updated: 12:11pm BST 29/06/2007

Royal Dutch Shell was the subject of a second bullish note in as many days, causing the shares to become one of the biggest blue-chip risers in a unsettled market.

Credit Suisse repeated its outperform rating on the shares, saying: “Although much of the earnings gap between consensus and our own forecasts has now closed, we believe management still has more options to maximise shareholder value and that the shares look too cheap.” read more

royaldutchshellplc.com and its 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.

fxstreet.com: The Energy Report (NO): The Axis is spinning

Fri, Jun 29 2007, 14:26 GMT
by Phil Flynn

Alaron

What is the biggest threat to the world energy markets and the future security of all oil consuming nations? It is of course the “Axis of Oil”. And it seems as the weeks go on the “Axis of Oil” is spinning its errors faster and faster and seems to be getting to the point where they are out of control.

Who or what is the “Axis of Oil”. Well as I have mentioned before they are the countries of Venezuela, Russia and Iran. Countries that are increasingly becoming intoxicated with the power of oil. The power comes from  controlling all that oil and natural gas in a world that is becoming increasingly more and more dependent upon what they have or seek to steal. read more

royaldutchshellplc.com and its 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.

OilOnline: DONG Energy transports Shell natural gas

Friday, June 29, 2007

DONG Energy and Shell have signed a one-year agreement for the transportation of natural gas by Shell from the Danish Tyra field to the Danish market via DONG Energy’s North Sea offshore pipelines.

Shell will begin to transport natural gas through DONG Energy’s offshore pipelines from 1 July 2007. By virtue of the agreement Shell will have the capacity to transport volumes of natural gas equivalent to 10 per cent of the Danish market.

As part of the liberalisation of the gas market, third parties have had access to DONG Energy’s offshore pipelines since 2000. However, this is the first time an agreement has been entered into for such access. To date, DONG Energy’s offshore pipelines have only been used to transport the gas that DONG Energy purchases from Danish North Sea gas producers, including Shell. read more

royaldutchshellplc.com and its 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.

New Europe: UK not to ignore human rights and democracy over energy

KAZAKHSTAN
Interview with: Paul Brummell
29 June 2007 – Issue : 736
 
UK ambassador to Kazakhstan Paul Brummell talks to New Europe *

Today, the United Kingdom is the third largest investor into Kazakh economy. The British companies are mainly active in the oil and gas sector, where the United Kingdom has been traditionally strong. However, the current economic policy of Kazakhstan is oriented rather at diversification than at attracting investments. UK ambassador to Kazakhstan Paul Brummell talked to New Europe correspondent in Astana Kulpash Konyrova on the development of the relations between Kazakhstan and the United Kingdom. read more

royaldutchshellplc.com and its 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 COMPLETES WELL AT ONYX SOUTHWEST GAS DISCOVERY IN NORWAY

(The following is a reformatted version of a statement issued by Norway’s Petroleum Directorate, obtained at http://www.npd.no. The statement was not confirmed with the sender.)

Delimitation of gas discovery in the Norwegian Sea
Press Release 24/2007

June 29 — A/S Norske Shell, operator of production licence 255, has concluded drilling of appraisal well 6406/9-2 on the 6406/9-1 discovery (?Onyx Sørvest?).

The 6406/9-1 discovery was proven in 2005 and is located approx. 40 km north-west of the Draugen field in the Norwegian Sea. The discovery contains gas in Middle to Lower Jurassic rocks. In a press release issued in January 2006, the NPD indicated a range of uncertainty of 10-50 billion Sm3 recoverable gas for the discovery. read more

royaldutchshellplc.com and its 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.

Reuters: BP files $5 billion Norwegian Sea oil and gas plan

Fri Jun 29, 2007 11:07 AM BST

OSLO, June 29 (Reuters) – Britain’s BP (BP.L: Quote, Profile , Research) delivered to Norwegian authorities on Friday a $5 billion plan for development and operation of the Skarv and Idun oil and gas fields in the Norwegian Sea, the company and officials said.

The production start-up is planned for the third quarter of 2011, BP’s Norwegian subsidiary, BP Norge, said in a statement.

The total recoverable resources are estimated at 106 million barrels of oil and condensate and 48.3 billion standard cubic metres of rich gas, BP said. read more

royaldutchshellplc.com and its 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.

Dow Jones Newswires: BP Files $5 Billion Norwegian Skarv Oil And Gas Project Plan With Government

June 29, 2007: 06:55 AM EST

STOCKHOLM -(Dow Jones)- The Norwegian ministry of petroleum and energy Friday said a consortium of oil companies led by BP PLC (BP) has submitted a plan to develop the Skarv and Idun field in the Norwegian Sea.

In a separate statement, BP said the estimated cost of the project was be NOK30 billion ($5.08 billion).

Statoil ASA (STO), Norsk Hydro ASA (NHY), Royal Dutch Shell PLC (RDSA) and ExxonMobil Corp. (XOM) are the other licensees in the consortium.

According to a ministry press release, the field has the potential to produce 16.8 million cubic meters of oil and 48.3 million cubic meters of gas. Production is estimated to start in 2011. read more

royaldutchshellplc.com and its 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: Shell Says Chemical Makers Encounter `Fierce’ China Competition

By Trisha Huang

June 29 (Bloomberg) — Competition among petrochemical makers is “fierce” in China where foreign companies investing in the country have to battle dominant domestic suppliers, said Royal Dutch Shell Plc, Europe’s largest oil company.

“China’s domestic companies remain dominant producers and sellers in key markets,” Yu Dai, Shell International Eastern Petroleum Pte’s general manager of base chemicals in Asia and the Middle East, said at a conference in Singapore today.
 
A $4.3 billion petrochemical complex in southern China jointly owned by Shell and China National Offshore Oil Corp. was billed as the largest Chinese joint venture with a foreign company when the investment decision was made in November 2002. The chemical complex at Nanhai in Guangdong is expected to generate $1.7 billion a year in sales of chemicals, Shell said on its Web site. read more

royaldutchshellplc.com and its 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.

Reuters: Statoil, Shell shelve Draugen field CO2 injection

Fri Jun 29, 2007 4:07AM EDT

(Reuters) – Energy groups Statoil and Shell have dropped plans to bury carbon dioxide (CO2) in the seabed beneath Shell’s Draugen field in the Norwegian Sea to enhance oil recovery because it is uneconomical, the companies said on Friday.

The companies reached that conclusion in a joint feasibility study that they had begun in March 2006 and which has cost them around 400 million Norwegian crowns ($67.72 million).

The preliminary plans had envisaged capturing CO2 from a big gas-fired power plant to be built at Statoil’s Tjeldbergodden methanol complex, piping it offshore to the Draugen field and injecting it into the reservoir to boost oil recovery. read more

royaldutchshellplc.com and its 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.

AFX News Limited: Statoil to increase Snorre field oil recovery to 55 pct from 45 pct

06.29.07, 4:55 AM ET
 
OSLO (Thomson Financial) – Statoil ASA said it is to boost the recovery of oil from its Snorre field in the North Sea to 55 pct from 45 pct, or by an extra 66 mln barrels, by investing 1.4 bln nkr in new technology and equipment.

‘Snorre is one of Statoil (nyse: STO – news – people )’s most important oil and gas producing fields and its further development will greatly prolong its production lifetime,’ the firm said.

Under the plans, Statoil said the partners in the field had awarded a contract worth 1.4 bln nkr to Statoil-owned Fabricom for development work at the field. read more

royaldutchshellplc.com and its 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.

AFX News: Statoil, Shell scrap ‘carbon capture’ plans

Published : Fri, 29 Jun 2007 09:04
 
OSLO (Thomson Financial) – Norwegian oil group Statoil and Britain’s Shell said they are scrapping plans to use carbon dioxide (CO2) to increase oil production.

An evaluation showed that ‘although the value chain is technically feasible, it is not commercial viable,’ Statoil said in a statement.

The project, announced in March 2006, involved the construction of a gas-fired power plant and a methanol production facility in Tjeldbergodden in central Norway, from which CO2 would be directly injected into the Draugen and Heidrun offshore fields to enhance oil and gas recovery. read more

royaldutchshellplc.com and its 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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