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May 18th, 2005:

Royal Dutch Shell and PetroChina go ahead with $600 million development of Changbei natural gasfield

THE TIMES (UK): Need to know

May 18, 2005

Need to know: Global Business Briefing

Edited by Neelam Verjee and Joe Bolger

Natural resources

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Russia has abandoned plans to merge Gazprom, the gas monopoly, with Rosneft, the state-owned oil group. The restrictions on foreign ownership of Gazprom shares will probably now be lifted.

BP, the UK oil and gas giant, has blamed staff failure for the explosion and fire in March that killed 15 workers and injured more than 170 at its Texas City plant.

Royal Dutch/Shell, the Anglo-Dutch oil giant, and PetroChina will go ahead with the $600 million (£328 million) development of the Changbei natural gasfield. read more

This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Shell unit auction

THE TIMES (UK): Business in Brief

May 18, 2005

HP profits rise

Hewlett-Packard, the world’s second largest computer maker, reported net profits of $966 million (£525 million), or 33 cents a share, for the second quarter, compared with $884 million, or 29 cents a share, a year ago. Revenues rose 7.2 per cent to $21.6 billion, up from $20.1 billion.

Shell unit auction

Shell ended months of uncertainty by announcing plans to begin the £1.5 billion auction of its liquefied petroleum gas business in July. The oil company is close to completing an information memorandum for potential buyers of the unit and will open its data room in July. read more

This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.