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Posts on ‘July 1st, 2004’

Reuters: Buckeye to buy Shell US Midwest assets for $530 million

Reuters: Buckeye to buy Shell US Midwest assets for $530 million

Thu Jul 1, 2004 09:26 AM ET

NEW YORK, July 1 (Reuters) – Buckeye Partners L.P. a refined oil-products pipeline company, on Thursday said it agreed to buy a package of pipelines and terminals in the U.S. midcontinent from Royal Dutch/Shell Group for $530 million in cash.

Buckeye, which is based in Emmaus, Pennsylvania, said it will gain five major pipelines that distribute gasoline and other oil products from a St. Louis-area hub, where Shell once owned a refinery.

Anglo-Dutch Shell, the world’s third-largest oil company, is selling its 309-mile North Line System, the 355-mile East Line System, a 191-mile Two Rivers Pipeline and two shorter lines, the St Louis 6-Inch Pipeline and the ATF Pipeline. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

Bob Crow is right to fight, not genuflect: ‘witness the rewards for failure at Shell’

The Guardian: Bob Crow is right to fight, not genuflect: ‘witness the rewards for failure at Shell’

Pensions fall and inequality grows when trade unions are weakened

Larry Elliott

Thursday July 1, 2004

The London Underground was getting back to normal today after a 24-hour strike by tube workers. A week ago a national rail strike was called off at the eleventh hour when the management backed down over pensions. Cue predictable headlines about militancy, bloody-minded wreckers, summer of discontent and the demonisation of Bob Crow. The general secretary of the RMT is the latest union bogeyman we are all supposed to hate. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

Malaysian Times: Petronas gets Indon oil retailing licence

Malaysian Times: Petronas gets Indon oil retailing licence

INDONESIA has given Malaysian state oil and gas firm Petronas a licence to sell oil products in the country and is still processing a permit for BP plc, a mines and energy official said on Tuesday.

‘We issued a licence in principle to Petronas last week. Petronas will sell high octane gasoline in Indonesia, such as ron 92, ron 95 and ron 97,’ Erie Soedarmo, director of processing at the mines and energy ministry, said.

‘We are still processing the BP licence for selling oil products in Indonesia. We expect to issue it next month.’ read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

The Times: BP heads for SEC clash over reserves

The Times: BP heads for SEC clash over reserves

By Carl Mortished, International Business Editor

June 30, 2004

Posted 1 July 04

BP is risking a confrontation with a powerful American stock market regulator over its reporting of reserves at Ormen Lange, a huge Norwegian gasfield.

The oil company is on a collision course with the US Securities and Exchange Commission (SEC) over interpretation of rules governing the reporting of oil and gas reserves after its partner, Norsk Hydro, cut its estimate of gas in the Ormen Lange field by 30 per cent.

The British company found itself isolated yesterday after a climbdown by Norsk Hydro. After extensive negotiations with the SEC, Norsk Hydro, which operates the 2.5 billion barrel offshore project, revealed that it had removed 102 million barrels of its 18 per cent share in Ormen Lange reserves from its filing to the US regulator. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

The Daily Telegraph: Movers and shakers: ‘Peter Voser’

The Daily Telegraph: Movers and shakers: ‘Peter Voser’

1 July 2004

Shell Transport and Trading Company has appointed Peter Voser as a director with effect from October 4. He will also be appointed a group managing director and director of finance of the Royal Dutch/Shell Group of Companies. He is now chief financial officer and on the group executive committee of the Asea Brown Boveri (ABB) group of companies.

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

Planet Ark: Shell world record wells pump gas from 2 miles deep

Planet Ark: Shell world record wells pump gas from 2 miles deep

UK: July 1, 2004

LONDON – A pair of offshore wells pumped their first gas last week from record-breaking depths more than two miles (3.2 km) below the waves, operating company Royal Dutch/Shell (RD.AS: Quote, Profile, Research) (SHEL.L: Quote, Profile, Research) said yesterday.

Shell said the twin Coulomb wells in the Gulf of Mexico would eventually produce more than 100 million cubic feet of gas a day to help feed the United States’ daily diet of 61 billion cubic feet.

Coulomb C-3, the deepest of the pair by just five feet at 7,570 feet, or 2.307 miles, is owned two thirds by Shell and one third by Petrobras (PER.BA: Quote, Profile, Research) , the state owned Brazilian firm. Its twin, C-2, 100 percent owned by Shell, started producing on July 23, and is already pumping 65 million cubic feet a day. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com
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