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May 27th, 2005:

Oil firms boost spending on personnel

San Jose Mercury News: Oil firms boost spending on personnel

27 May 2005

Major oil companies including San Ramon-based Chevron Corp. (CVX), BP Plc and Royal Dutch/Shell Group are spending more than ever for workers and equipment as surging energy consumption increases demand for geologists, drilling rigs and pipe.

Finding and pumping a barrel of oil — including labor, equipment and seismic testing — cost a record $17.12 last year, up 43 percent from a year earlier, data compiled by Bloomberg show. One example: A rig that can drill in mile-deep water averaged $183,217 a day in the first quarter, up from $127,990 the year before, according to Houston consultant ODS-Petrodata. read more

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Repsol Plans to Make Bid For Shell’s LPG Business

THE WALL STREET JOURNAL: Repsol Plans to Make Bid For Shell’s LPG Business

Posted 27 May 2005

By ANDRES CALA

Staff Reporter of THE WALL STREET JOURNAL

PARIS — Repsol YPF plans to announce next week it is partnering with other investors to bid for Royal Dutch/Shell’s liquefied petroleum gas distribution and marketing business, a move that if successful would make the Spanish oil and gas company the largest LPG distributor in the world, a person familiar with the negotiations said Thursday.

Repsol, the fifth-largest European energy company by market capitalization, plans to join forces with United Kingdom-based CVC Capital Partners and other undisclosed investors to coincide with a general meeting Tuesday at which Repsol’s new chairman and chief executive, Antonio Brufau, will disclose the company’s strategy for the next five years. 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.

FTC Clears Shell In Refinery Closure

THE WALL STREET JOURNAL: FTC Clears Shell In Refinery Closure

Posted 27 May 2005

By RUSSELL GOLD
Staff Reporter of THE WALL STREET JOURNAL

The Federal Trade Commission has concluded the Royal Dutch/Shell Group wasn’t trying to drive up California gasoline prices by closing a refinery in Bakersfield, Calif. The agency closed a year-long investigation on Wednesday, stating that it could find “no evidence to substantiate” allegations the company was scheming to boost profit margins by squeezing refinery capacity. read more

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FTC: Shell Not Trying to Boost Gas

MSN News: FTC: Shell Not Trying to Boost Gas 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.

FTC Drops Probe of Shell Refinery Plans

Los Angeles Times: FTC Drops Probe of Shell Refinery Plans

27 May 2005

By Erica Williams, Times Staff Writer

Shell Oil Co. wasn’t attempting to squeeze fuel supplies and boost pump prices in California when it announced plans in 2003 to close its Bakersfield refinery, federal antitrust authorities said Wednesday.

The Federal Trade Commission said it found “strong evidentiary corroboration” of the oil giant’s stated reasons for closing the 70,000-barrel-a-day refinery and would drop its yearlong investigation.

The Houston-based unit of Royal Dutch/Shell Group cited oil supply problems and economic factors for the planned closure. But after public officials intervened, the refinery was sold in March to Flying J Inc., a Utah truck stop operator. 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.

Businesses call for urgent action on climate change

The Guardian: Businesses call for urgent action on climate change

Mark Tran

Friday May 27, 2005

The right government policy on climate change could minimise costs to business and need not harm competitiveness, 13 of Britain’s most powerful companies said today.

In a letter addressed to the prime minister, Tony Blair, HSBC, Shell, BP and others said there was a need to take urgent action now to avoid the worst impacts of climate change.

They pledged to engage other businesses, the UK public, governments and international businesses to back the effort.

The companies – which between them employ tens of thousands of people and have a turnover of £452bn – said the private sector and government were caught in a Catch 22 situation that they wanted to help resolve. 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.