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Posts on ‘September 3rd, 2004’

Nigerian Senate Reiterates Demand Shell JV Pay $1.5B

THE WALL STREET JOURNAL: Nigerian Senate Reiterates Demand Shell JV Pay $1.5B

“Nigeria’s senate Friday repeated a demand that an oil partnership led by Royal Dutch/Shell Group (RD, SC) pay $1.5 billion in compensation”

DOW JONES NEWSWIRES

September 3, 2004 10:44 a.m.

LAGOS — Nigeria’s senate Friday repeated a demand that an oil partnership led by Royal Dutch/Shell Group (RD, SC) pay $1.5 billion in compensation to a tribe it says has been harmed by the consortium’s activities in oil-rich Bayelsa state.

“Since we have passed the motion (last week), it must definitely be done,” said Senate President Adolphus Wabara, referring to efforts to force Shell Petroleum Development Co. to pay the amount. read more

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Sulfur-removal Units Blamed For Tainted Shell Gasoline In La.

THE WALL STREET JOURNAL: Sulfur-removal Units Blamed For Tainted Gasoline In La.

“Shell now says the tainted fuel also contained hydrogen sulfide, an extremely corrosive compound that occurs naturally in unrefined crude oil.”

DOW JONES NEWSWIRES

September 3, 2004 10:14 a.m.

NORCO, La. (AP)–A pair of units designed to remove sulfur from gasoline at a New Orleans-area refinery are being blamed for creating sulfur-tainted gasoline in May,

The bad gasoline damaged more than 80,000 fuel gauges in cars and trucks in Louisiana and Florida.

Shell Oil (RD) Products spokesman Shawn Frederick says the units began operating about two weeks before motorists started reported fuel gauge problems. The units were installed at the Motiva refinery in Norco to meet new federal environmental regulations that limit sulfur levels in gasoline to 30 parts per million, down from the current standard of 300 parts per million. The new rules go into effect Jan. 1. 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

BASF warns of research transfer abroad if GMO law amendment goes ahead

Die Welt – Germany: BASF warns of research transfer abroad if GMO law amendment goes ahead

“BASF, the German chemicals giant, is hoping to sell off Basell, its joint venture with the Anglo-Dutch oil group Shell, and to complete the transaction in the first half of 2005.”

Sep 03, 2004

BASF, the German chemicals giant, is hoping to sell off Basell, its joint venture with the Anglo-Dutch oil group Shell, and to complete the transaction in the first half of 2005.

Basell manufactures preliminary products for plastics, and is valued at around 6bn euros. Options for the sale include the stock market, an acquisition by a rival company or by an investment group.

The management of BASF is threatening to transfer its genetic technology research activities abroad if the planned amendment to legislation regarding genetically modified plants is introduced in Germany, although a short-term decision regarding a transfer is not planned. The amendment would establish strict liability regulations, a register of sites and growing standards for the cultivation of genetically modified plants in the vicinity of GMO-free crops. 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

Galp finalises purchase of Shell’s Spanish petrol station network

El Pais – Spain: Galp finalises purchase of Shell’s Spanish petrol station network

Sep 03, 2004

Portuguese petrochemicals group Galp is now just one step away from acquiring no less than 264 or Anglo-Dutch counterpart Royal Dutch Shell’s 388 petrol stations in Spain.

Only two issues remain to be finalised: the UK firm’s 5 per cent stake in Spanish fuel distributor Compania Logistica de Hidrocarburos (CLH), and Shell’s 74 petrol stations on the Canary Islands.

After yesterday’s meeting between representatives of Shell and Galp, sources within the sector said that the Galp offer was the best that had been put on the table. The sale would be worth between 320m and 500m euros, depending on the assets involved. 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

Shell to sell power arm for USD6 bn?

Business World: Shell to sell power arm for USD6 bn?

“World number three oil firm Shell is expected to put its worldwide power venture InterGen up for sale with a multi-billion dollar price tag as part of a drive to put its house in order.”

Friday, September 03

World number three oil firm Shell is expected to put its worldwide power venture InterGen up for sale with a multi-billion dollar price tag as part of a drive to put its house in order.

The sale of the electricity generating business could lift the embattled firm’s group-wide profitability, by dumping an operation that underperforms the core oil and gas portfolio.

InterGen, 68pc held by Shell in a joint venture with US building firm Bechtel, runs capacity that bankers say is worth around USD6bn including debt. 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

California Regulators OK Gas Flows From Mexico

The New York Times: California Regulators OK Gas Flows From Mexico

“The PUC decided to allow Sempra Energy and Shell to create a border point where LNG would move from Mexican to U.S. pipelines.”

By THE ASSOCIATED PRESS

Posted 3 Sept 04

SAN FRANCISCO (AP) — The state Public Utilities Commission voted Thursday to allow liquefied natural gas to be shipped from Mexico through California pipelines for use in Western states.

The PUC decided to allow Sempra Energy and Shell to create a border point where LNG would move from Mexican to U.S. pipelines. The commission voted against a proposal to delay its vote so the economic and environmental effects can be studied.

“We’re experiencing the high prices of natural gas constraints today. We don’t have a moment to lose in addressing this threat,” Commissioner Susan Kennedy said at Thursday’s meeting in San Francisco. “These high prices are hurting residences and businesses of all sizes.” 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

Times of India: Seven Indians win Shell scholarships

Times of India: Seven Indians win Shell scholarships

TIMES NEWS NETWORK FRIDAY, SEPTEMBER 03, 2004

BANGALORE: Indian students have bagged seven of the 86 Shell Centenary Scholarships, available for 40 countries, for the year 2004-05.

The winners from colleges in the South are: A. Srilakshmi Arcot (Bangalore); Najeeb Mohammadali Kuzhiyil (Mangalore); Ragavendra Prasad Balegedde and Madan Kumar Lakshmanan (Chennai).

The one-year scholarship is for deserving students across the world, and offered in association with leading universities like Cambridge, Oxford, Edinburgh, Durham, Leeds, Imperial College, London, University College, London, University of Twente, Netherlands and TU Delft, Netherlands. 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

Jamaica Gleaner: Shell to spend $400m on operational facilities here

Jamaica Gleaner: Shell to spend $400m on operational facilities here

By Susan Smith , Staff Reporter

Published: Friday September 3, 2004

THE SHELL Company West Indies Limited, (Shell) will spend over $400 million this year to improve its operational facilities in Jamaica says its country chairman, Mario Vulinovich.

“Our clear focus for this year is to get our network operating to the optimum,” he told the Financial Gleaner. The company will be seeking to maintain its market leadership through, “exceptional customer service,” he said. Shell’s key strategies are to focus on the proficiency of its dealers and upgrading it sites. 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

Group Flays Shell On $1.5bn Compensation

AllAfrica.com: Group Flays Shell On $1.5bn Compensation

“This stance of Shell is not surprising. They never accept liability until they are truly boxed into a corner”: “As long as there is room for argument, they will kick, scream and resist any form of settlement”.

This Day (Lagos)

Andrew Ahiante And Chinazor Megbolu

Posted 3 September 04

Environmental Rights Action/Friends of the Earth, Nigeria (ERA/FOEN) has condemmed Shell’s stance on the directive from the Senate to pay a $1.5 billion compensation to the the Ijaw Aborigene in Bayelsa State for gross environmental and social abuses committed since 1956 when the company began operation in the area, even as SHELL denied plans to sue the Senate.

ERA in a press statement signed by its Head of Lagos office, Mr. Doifie Ola has described Shell’s position that the directive from the Senate did not follow due process and is illegal “as yet another proof of the disrespect which the oil corporation holds Nigeria’s institutions of democracy, governance and the people”. 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

Yukos freeze sends oil prices surging

Daily Mail: Yukos freeze sends oil prices surging

“The pace of disposals at Shell is accelerating. In what would be a radical move, it may put Intergen, its global power venture with 20 plants, on sale.”: “Shell… is unloading petrol stations and refineries to focus on finding oil and gas.”

Brian O’Connor

Sep 03, 2004

Crude oil prices soared again as the price war moved to the Russian front.

Moscow’s public prosecutor won the right to freeze UKpound 1.5 billion funds of oil giant Yukos. The company warned: “The arrest paralyses our productive capacity.”

A pipeline bombing in Iraq renewed supply worries. US crude went up more than $1 to over $45 a barrel in New York. North Sea crude rose to $42.50.

Yukos produces 1.7m barrels daily and exports 1m. But with its bank accounts frozen the taps may be turned off. President Putin apparently assured George W Bush last month that Russia’s oil would keep flowing. 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

Athabasca Oil Sands Project Sets Monthly Production Record

THE WALL STREET JOURNAL: Athabasca Oil Sands Project Sets Monthly Production Record

DOW JONES NEWSWIRES

Posted 3 Sept 04

CALGARY — The Athabasca Oil Sands Project achieved record monthly production in August of 182,000 barrels of bitumen a day.

In a news release, Shell Canada Ltd. (SHC.T), the integrated oil and gas company which owns 60% of the project, said August results will offset the lower production in July of 121,000 b/d related to unscheduled maintenance work on one of the froth treatment plant settlers. Follow-up maintenance work on the other two settlers is planned for October and will reduce output by about 50% for up to two weeks, it noted. read more

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Nigeria MPs seek Halliburton’s exclusion from business

Financial Times: Nigeria MPs seek Halliburton’s exclusion from business

“Nigerian, French and US investigators are probing the TSKJ case, which concerns illicit payments allegedly made in relation to a $12bn gas project jointly owned by the Nigerian government and the oil companies Royal Dutch/Shell, Total and Eni.”: “Shell denied it had colluded with either consortium and said its work as technical adviser had been “rigorous and well-documented”.

By Michael Peel and William Wallis in Lagos

Published: September 3 2004

Nigeria’s parliament has demanded that the US oil services company Halliburton be excluded from new business in the country until the end of investigations into a $180m (€148m, £100m) alleged bribery case involving one of the company’s subsidiaries.

Halliburton said yesterday it had uncovered documents indicating that members of the TSKJ consortium at the centre of the probe had considered bribing Nigerian officials, although it said the talks occurred before it became involved in the consortium in 1998 when it took over one of its members. 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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