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May 1st, 2008:

Give Oil a Future

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forbes.com: Give Oil a Future

William Baldwin

05.19.08

The energy market is misbehaving. See the story by Christopher Helman, explaining the mystifying failure of consumers to cut back and producers to open the spigot. Here’s one more weirdness: the absence of a long-term futures market.

Users of petroleum pay $120 a barrel and wonder when the price is going to $240, which would wreck a lot of businesses and careers being invested in today. Amid all this agony there is exotic oil that could be profitably extracted at $60 but is just sitting there because producers have their own angst. They’re wondering whether the market will crash before they can get the stuff out of the ground. Petroleum price crashes have happened before, turning synfuel projects into rust buckets. 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.

Allegation: massive Sakhalin II pipeline hydrotest failure has caused major environmental damage

 

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Allegation: massive Sakhalin II pipeline hydrotest failure has caused major damage 

The following comment was posted on our Live Chat facility on Thursday 1 May 2008

guest_9125 : Massive pipeline hydrotest failure on Sakhalin northern pipelines has caused enormous environmental damage and has set back project schedule by at least two months. Gazprom know nothing about the seriousness of this latest distaster and project delay will only lenghten well into 2009. Meantime, Craig and Rolly Polly Finlayson are doing everything they can to blame and destroy Guyt and Huijskes and to cover up truth. help all Sakhaline people please.  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.

Chevron to Pay $30 Million to Settle Kickback Charges

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THE NEW YORK TIMES: Chevron to Pay $30 Million to Settle Kickback Charges

By THE ASSOCIATED PRESS

Published: November 15, 2007

WASHINGTON, Nov. 14 (AP) — Chevron has agreed to pay $30 million to settle charges that it had made illegal kickbacks to Iraq for oil purchased in 2001 and 2002 under the United Nations’ oil-for-food program.

The Securities and Exchange Commission said Wednesday that Chevron had agreed to the settlement under the Foreign Corrupt Practices Act without admitting or denying the charges. But the United States attorney for the Southern District of New York said Chevron could still be prosecuted for criminal tax violations. 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 pulls out of world’s biggest wind farm near London, putting entire project at risk

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Associated Press: Shell pulls out of world’s biggest wind farm near London, putting entire project at risk

May 01, 2008

LONDON_Royal Dutch Shell PLC said Thursday it plans to sell its share in a project to build the world’s largest electricity-generating wind farm near the British capital, raising a strong possibility that the project will be scrapped.

Green groups were incensed by Shell’s announcement that it is looking to dispose of its 33 percent shareholding in the 2 billion pound (US$4 billion; ?2.6 billion) London Array project which, if built, would supply enough electricity to power a quarter of homes in the greater London area. 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.

For Exxon Mobil, $10.9 Billion Profit Disappoints

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THE NEW YORK TIMES: For Exxon Mobil, $10.9 Billion Profit Disappoints

By JAD MOUAWAD
Published: May 1, 2008

Exxon Mobil, the world’s largest publicly traded oil company, said Thursday that its first-quarter net income rose 17 percent, boosted by surging oil prices.

But even as it posted the second-most profitable quarter in its history, Exxon’s earnings managed to disappoint investors because of a drop in oil production. Shares were down more than 3 percent Thursday after the company missed earnings estimates by a dime a share. 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.

Hillary Clinton’s Plan to Address Soaring Prices at the Pump

Hillary Clinton

politickeror.com: Hillary Clinton’s Plan to Address Soaring Prices at the Pump

By Lauren Lafaro
FOR IMMEDIATE RELEASE
April 29, 2008 Contact: Press Office, 703-875-1271

[email protected]

OREGON: Hillary Clinton’s Plan to Address Soaring Prices at the Pump

Americans are being squeezed at the pump like never before. The price of oil is approaching $120 a barrel, and Europe’s two biggest oil companies, Royal Dutch Shell and BP, reported record first-quarter profits today. Gas prices are at record highs in Oregon, where a gallon today costs $3.66, up from $3.42 a month ago and $3.26 a year ago – that’s a 12 percent increase in just one year. And while the average family’s energy costs have gone up $2,000 a year since President Bush took office, average Oregon family incomes have been flat. 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.

Exxon profit up 17% on oil surge

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Exxon needs more renewable energy focus, the Rockefeller family say.

BBC News: Exxon profit up 17% on oil surge

Thursday, 1 May 2008 15:14 UK

Oil giant Exxon Mobil made $10.9bn (£6bn) profit in the first three months of 2008 – up 17% but less than some had expected, analysts said.

A struggle to pass higher production costs and surging oil prices on to customers at the petrol pump had restricted earnings, they added.

The results followed members of the Rockefeller family going public about an on-going feud they have with Exxon. 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.

Exxon, Shell say production still down in Nigeria

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Reuters: Exxon, Shell say production still down in Nigeria

Thu May 1, 2008 8:55am EDT

LAGOS, May 1 (Reuters) – Exxon Mobil (XOM.N: Quote, Profile, Research) said on Thursday its production in Nigeria remained shut in while talks with striking unions continued, denying market rumours that it had begun to restart its 800,000 barrels per day (bpd) output.

A spokesman for Royal Dutch Shell (RDSa.L: Quote, Profile, Research) also said the company had yet to reopen production shut in by recent militant attacks. Shell said earlier this week that 164,000 bpd of its output had been lost due to the attacks. 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.

Article by former Royal Dutch Shell exec Paddy Briggs: Shell pulls out of Wind Farm project

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Article by former Royal Dutch Shell exec Paddy Briggs: Shell pulls out of Wind Farm project

‘THURSDAY, MAY 01, 2008

Sometimes Shell’s actions are so extraordinary that you wonder if the announcements that they make are a wind up – thrown into the ether just to see what might happen. The withdrawal from the “London Array” wind farm project is just such a decision. I know nothing about the business plan for this project except that I doubt that there were any “unknowns” which have suddenly become “knowns”. Indeed Shell’s statement that the decision is a consequence of an “ongoing review of projects and investment choices” suggests that they just went off the idea – as they have with so many other non traditional business ventures over the years. Shell’s definition of their “core business” becomes narrower and narrower over the years – step-outs into Renewables being walked away from with the same disregard for their reputation for veracity as many of the previous wimp outs. 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 seeks to sell stake in big UK wind project

London Array

Reuters: Shell seeks to sell stake in big UK wind project

Thu May 1, 2008 9:45am BST

LONDON, May 1 (Reuters) – Royal Dutch Shell Plc (RDSa.L: Quote, Profile, Research) plans to sell its stake in one of the UK’s largest planned wind farms, as it shifts its wind power focus to the United States where it says government incentives offer competitive returns.

“As part of an ongoing review of projects and investment choices, Shell has taken the strategic decision to look at disposing of its shareholding in London Array,” the Anglo-Dutch oil major said in a statement on Thursday. 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 pulls out of key wind power project

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Financial Times: Shell pulls out of key wind power project

By Fiona Harvey and Rebecca Bream in London
Published: April 30 2008 23:39 | Last updated: April 30 2008 23:39

Plans for a massive expansion of offshore wind power generation were in disarray on Wednesday night after Shell pulled out of the UK’s flagship project.

The London Array was to be the world’s biggest offshore wind farm, with 341 turbines in the Thames Estuary capable of generating 1,000 megawatts of power – enough to power a quarter of London’s homes. 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.

Exxon blasted by its founding family

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Financial Times: Exxon blasted by its founding family

By Sheila McNulty in Houston
Published: April 30 2008 18:37 | Last updated: April 30 2008 18:37

The Rockefeller family, the longest continuous shareholder in ExxonMobil, on Wednesday blasted the world’s biggest listed oil company for failing to recognise the need to move away from oil and gas into alternative fuels.

“We are trying to keep a giant from falling,” said Neva Rockefeller Goodwin, economist and great-granddaughter of John D. Rockefeller, the company’s founder. “ExxonMobil needs to reconnect with the forward-looking and entrepreneurial vision of my great-grandfather.” 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.

Myopic ExxonMobil is ignoring the planet’s future, say Rockefellers

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Myopic ExxonMobil is ignoring the planet’s future, say Rockefellers

· Descendants of Standard Oil founder want action
· Shareholders call for chairman to be an outsider

Andrew Clark in New York
The Guardian, Thursday May 1 2008

Descendants of legendary oil tycoon John D Rockefeller have accused ExxonMobil of adopting a myopic approach towards alternative sources of energy and of refusing to engage in any meaningful discussion about the future of the planet.

At a feisty press conference in the penthouse suite of a luxury Manhattan hotel, members of the billionaire Rockefeller family complained that the world’s biggest oil company has repeatedly declined to listen to concerns about the direction of the business which has its roots in their ancestor’s 19th-century Standard Oil empire. 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.

BG offers £6bn for gas firm after profits leap 78%

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BG offers £6bn for gas firm after profits leap 78%

Terry Macalister
The Guardian, Thursday May 1 2008

BG Group has made a £6bn approach to buy an Australian gas company – its biggest takeover bid ever – after reporting a 78% increase in first-quarter profits from soaring oil and gas prices.

The approach to Origin Energy is aimed at bolstering its position in the fast-growing Asia-Pacific liquefied natural gas (LNG) market by taking control of the Australian utility’s reserves. 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 ditches renewable stake amid fears of a retreat to carbons

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Winds of change: Shell ditches renewable stake amid fears of a retreat to carbons

· £2bn UK windfarm project now at risk, says partner
· Move comes as company invests in Canadian oil

Terry Macalister
The Guardian, Thursday May 1 2008

The future of the world’s largest offshore wind farm and a symbol of Britain’s renewable energy future was thrown into doubt last night after it emerged that Shell was backing out of the project and indicated it would prefer to invest in more lucrative oil schemes. 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 lambasted by partners as it seeks exit from offshore wind farm

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The Times: Shell lambasted by partners as it seeks exit from offshore wind farm

May 1, 2008
Robin Pagnamenta, Energy and Environment Editor

Royal Dutch Shell yesterday provoked a storm of anger among its partners in the world’s largest offshore wind proposal when it revealed plans to sell its stake.

The world’s second-biggest oil company said that it planned to sell its 33 per cent stake in the London Array project, which plans for as many as 341 turbines off the Kent and East Sussex coasts. Shell, which reported record quarterly profits of £3.9 billion this week, is understood to have approached Centrica, the owner of British Gas, and other utilities about a possible sale. 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 pulls the plug on world’s biggest offshore wind farm

Daily Mail Wind Farm image
Pulling the plug: Oil giant Shell is trying to sell its stake in the 341-turbine London Array, which would have been the world’s biggest offshore wind farm

Daily Mail: Shell pulls the plug on world’s biggest offshore wind farm

By BEN GLAZE
Last updated at 07:02am on 1st May 2008

Britain’s plans for a massive expansion of offshore wind power generation were dealt a major blow last night after Shell pulled out the nation’s flagship project.
The oil giant, which made £3.9 billion in the first three months of the year, is trying to sell its stake in the 341-turbine London Array, which would have been the world’s biggest offshore wind farm. 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 Plans to Sell Stake in U.K. Wind Project, Times Reports

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Bloomberg: Shell Plans to Sell Stake in U.K. Wind Project, Times Reports

By Sarah Shannon

May 1 (Bloomberg) — Royal Dutch Shell Plc has revealed plans to sell its stake in the world’s largest offshore wind project, drawing criticism from its project partners, the London- based Times reported.

Shell said it intends to sell its 33 percent stake in the London Array project, which plans to erect up to 341 turbines off the Kent and East Sussex coast, southeast England, the Times said. Shell may have approached Centrica Plc, and other utilities about a potential sale, the newspaper said. 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.