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Posts on ‘August 9th, 2004’

sify.com: Ispat to source LNG from GAIL, Shell

sify.com: Ispat to source LNG from GAIL, Shell

Sunday, 08 August , 2004, 09:09

Ispat Industries Ltd is in talks with GAIL(India) Ltd and Shell to source natural gas to run its 1.2-million tonne per annum Dolvi sponge iron plant at full capacity.

The company is negotiating to obtain natural gas supplies of around 2.3 million standard cubic metres per day (mscmpd).

Ispat hopes higher supplies will boost profits significantly as the Dolvi plant has been running 35 per cent below capacity because of gas shortage.

The company’s net profit dipped by 46 per cent in March 2004 to Rs 44.32 crore compared to Rs 82.8 crore last year. This is in spite of a higher turnover of Rs 3,734.3 crore against Rs 3,108.27 crore achieved last year. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Sunday Express: Shell tipped to join Baltic gas pipeline

Sunday Express: Shell tipped to join Baltic gas pipeline: “Shell is thought to be the most likely partner.”

By Robin Pagnamenta

8 August 2004

GAZPROM, the Russian energy giant, is seeking a UK partner for an ambitious multi-billion-pound plan to supply Siberian gas to western Europe via a pipeline across the Baltic Sea.

Gazprom is already understood to have approached Royal Dutch/Shell, BP and Centrica. Although no company has committed to the project, Shell is thought to be the most likely partner.

US investment bank Goldman Sachs is said to be advising on the deal, according to energy industry sources.

The pipeline is expected to cost up to $6 billion (£3.3 billion) and would involve the construction of a 1,875-mile link from northern Russia to Germany with offshoots to the UK, Finland and Sweden. Construction is unlikely to be completed before 2010. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

The Observer: The bashful over-achiever

The Observer: The bashful over-achiever

“two boards, two chairmen and two chief executives – gave it a schizophrenic corporate culture.”: “Could the oil giant Shell, which still has a similar structure, learn any lessons from this?”

Sir Crispin Davis is no fan of the limelight. But his tactics in driving up Reed Elsevier’s profits have angered MPs and put him in the public eye, says James Robinson

Sunday August 8, 2004

History does not record when Sir Crispin Davis last visited the dentist, but it’s safe to assume that he found it a more pleasurable experience than being interviewed by a journalist. The chief executive of international publishing behemoth Reed Elsevier does not enjoy the attention that running a FTSE 100 company brings. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Business-Standard.com: 26% selloff clause waiver for Shell

Business-Standard.com: 26% selloff clause waiver for Shell: Global oil major gets nod for 2,000 retail outlets.

P Vaidyanathan Iyer & Sidhartha /New Delhi August 09,2004

The government has exempt Shell India from the 26 per cent mandatory disinvestment clause, and also allowed the global oil major to open 2,000 retail outlets in the country.

Shell India had approached the Foreign Investment Promotion Board (FIPB) at least twice over the past three years seeking a deletion of the divestment clause. The proposal was finally cleared by Finance Minister P Chidambaram last week.

Finance ministry officials said Shell International had agreed to the divestment condition when it entered India through its wholly owned subsidiary, Shell India. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

The New York Times: Nigeria’s Petroleum Industry Reeling

FROM OUR AUGUST 2004 SHELL NEWS ARCHIVE…

The New York Times: Nigeria’s Petroleum Industry Reeling

A confidential 93-page security report commissioned by Shell in December 2003 and obtained by The Associated Press and other news organizations warns that mounting attacks by criminals and ethnic militants could force the oil giant to abandon its onshore operations in the delta by 2008.:  The report’s authors made other serious conclusions: that Shell “exacerbates conflict” in the way it gives cash and contracts to delta residents…

By THE ASSOCIATED PRESS

Published: August 9, 2004

OMADINO, Nigeria (AP) — In unrest comparable in scale to Chechnya and Colombia, a year of bloodletting has killed more than 1,000 in the oil-rich Niger Delta — leaving the world’s No. 7 oil exporter, and people here, concerned for the future.

Tensions over oil revenues have aggravated ethnic strife. Kidnappings and sabotage have escalated, forcing costly shutdowns by companies pumping crude in the oil-rich swamps of the volatile Niger Delta. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.
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