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May 19th, 2007:

Sunday Telegraph: BP-Shell talk is as old as the Churchills

By Helen Power, Sunday Telegraph
20 May 2007

Of all the takeover rumours flying around the market, last week’s chatter of a merger between BP and Shell gets the prize for being the oldest.

“That one’s been doing the rounds since 1923, when Winston Churchill was mandated to look at it,” moaned one battle-weary BP-er when we enquired as to its provenance.

http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2007/05/20/ccdiary20.xml

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allAfrica.com: Nigeria: Shell Resumes 170,000bpd Production in Niger Delta

This Day (Lagos)
19 May 2007
Fidelia Okwuonu
Lagos

Royal Dutch Shell yesterday resumed operations in the Niger Delta to restore 170,000 barrels per day (bpd) of crude oil production after a protest at its major pipeline hub.

According to Shell’s spokesman, the company has regained access to its Ogoni site, after the six-day protest in the Ogoni area of the Niger Delta, which had raised the tally of oil supply cut by violence to about 900,000 bpd, or one third of total capacity in the country. Nigeria is the world’s eighth largest exporter. The crisis in the Niger Delta had led to world oil price increase.
 
The Dutch oil giant had halted oil production in the Ogoni area 14 years ago as a result of popular protests, which were a precursor to today’s violent insurgency in the Niger Delta. 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.

Financial Post: Ottawa’s denial sparks surprise

MacKenzie gas project; Talk of taking over pipeline ‘nonsense,’ says prentice

Claudia Cattaneo, Jon Harding and paul Vieira, Financial Post
Published: Saturday, May 19, 2007

CALGARY, OTTAWA – Ottawa’s flat denial yesterday that it is exploring taking control of the $16.2-billion Mackenzie Gas Project surprised some of those close to the talks, who said the scenario is indeed under discussion.

“That’s damn accurate,” said one source engaged in the sensitive negotiations, who spoke on condition of anonymity. 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.

Daily Telegraph: ‘renewed suggestions that Royal Dutch Shell, up 47p at £19.06, could tie up with BP’

EXTRACTS FROM: Market report: Water group’s surge makes blue chips sizzle

By Yvette Essen
Last Updated: 1:25am BST 19/05/2007

There were renewed suggestions that Royal Dutch Shell, up 47p at £19.06, could tie up with BP, 11½ higher at 582p. However, with BP buying 343,000 shares for cancellation on Thursday at between 559p and 560p a share, the oil giant cannot be in merger talks. Dealers said the shares were likely to be finding support from steady oil prices.

Elsewhere, Tullow Oil put on 16½ to 392¾p, Premier Oil improved 47p to £11.77 and Dana Petroleum added 40p to £11.69. 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.

Financial Times: Shareholders taking a stand on handouts

By Chris Hughes
Published: May 19 2007 03:00 | Last updated: May 19 2007 03:00

Investors used to be grateful when companies promised to return buckets full of cash. These days they seem to shrug their shoulders at corporate handouts. Many are even rebelling against the most common method of cash-return – the share buy-back.

Last year was a record year for cash returns to investors, with UK companies funnelling £108bn their way, according to Morgan Stanley. That includes £46bn of share buy-backs, up from about £28bn in 2005. 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.

Financial Times: FINANCE CORNER

By Jonathan Moules
Published: May 19 2007 03:00 | Last updated: May 19 2007 03:00

EXTRACT FROM ARTICLE

Step up and adopt a graduate

A nationwide summer work placement scheme to get university leavers into small and medium-sized businesses is looking for host companies.

Hundreds of graduates have been put to work on specific business or technical projects for SMEs through the Shell Step scheme.

Last year 96 per cent of those that took part said it had a positive impact on the future of their business. More than two-thirds said profits increased by at least £1,500 during the placement 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.

Financial Times: The heavyweight oil sector provided the backbone for yesterday’s advance

FT Headline: Leveraged buy-out talk makes Keldaone of top gainers

By Neil Hume and Robert Orr
Published: May 19 2007 03:00 | Last updated: May 19 2007 03:00

EXTRACT FROM ARTICLE

The heavyweight oil sector provided the backbone for yesterday’s advance.

Royal Dutch Shell added 2.5 per cent to £19.06, taking its gains over the past two sessions to 6.2 per cent,as rumours of a merger with BP, up 2 per cent to 582p, continued to circulate the market.

“A common argument against consolidation is that the previous mega-mergers happened in 1998-99 when oil prices were low. However, the game has changed,in our view,” said Man Securities. “Rising costs, resource nationalism and increased competition are changing the industry landscape.” 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.

hemeltoday.co.uk: £96m claim from Shell over Buncefield disaster

Location: Hemel Hempstead
By chief reporter Will Green

Oil giant Shell has lodged a £96million damages claim against the operators of the Buncefield depot.

Shell is one of nearly 4,000 companies and individuals who have put in claims against Hertfordshire Oil Storage Limited (HOSL) following the 2005 disaster.

Shell owns pipeline systems on the site and stored aviation fuel there that supplied airports at Heathrow, Gatwick and Luton.

HOSL, a partnership between Total and Chevron, owned the part of the depot where the blast took place. 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.