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Posts on ‘September 14th, 2004’

LAW SUIT ON BEHALF OF THE PENNSYLVANIA STATE PENSION FUND AGAINST ROYAL DUTCH SHELL

EMAIL FROM BERNSTEIN LIEBHARD & LIFSHITZ LLP: LEAD PLAINTIFF LAWYERS IN MULTIBILLION DOLLAR CLASS ACTION LAW SUIT ON BEHALF OF THE PENNSYLVANIA STATE PENSION FUND AGAINST THE ROYAL DUTCH SHELL GROUP, NAMED CURRENT AND FORMER SHELL DIRECTORS AND SHELL AUDITORS: CIVIL ACTION 04431 IN THE US DISTRICT COURT OF NEW JERSEY 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

Sovcomflot in breakthrough Sakhalin II LNG contract

Lloyds List: Sovcomflot in breakthrough Sakhalin II LNG contract

“Shell-led Sakhalin Energy Investment will time charter the 147,200 cu m vessel for 20 years.”

Sep 14, 2004

Profit jumps as shipping group envisages export deal will be its ticket into world gas club, writes Tony Gray

A groundbreaking contract in the liquefied natural gas (LNG) market as well as strong profit growth have been unveiled by Sovcomflot, the Russian state-owned shipping group.

Sovcomflot, along with its partner Nippon Yusen Kabushiki Kaisha (NYK) of Japan, has won the tender issued by the Sakhalin II project for a large LNG carrier.

Shell-led Sakhalin Energy Investment will time charter the 147,200 cu m vessel for 20 years. 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 Guardian: BP upbeat on Russian prospects

The Guardian: BP upbeat on Russian prospects

“The early promise of the venture has also put pressure on BP rival Shell, which was hit this year after it overstated its reserves.”

Reuters

Tuesday September 14, 2004

BP’s Russian oil venture, TNK-BP, is maintaining crude production growth targets for 2004 to 2007, the company said yesterday. It added that it was also keeping to its growth forecast of 12% for 2004 and about 7% per year until 2007.

BP shares rose 0.5 % initially then fell 0.3% to 507.75p. Dealers said this was due to concerns over the impact of Hurricane Ivan, though the group emphasised the hurricane was not expected to affect its operations.

BP announced a $6bn-plus investment last year to form the 50-50 joint venture, TNK-BP, which is Russia’s third largest oil producer behind Lukoil and Yukos. The link-up has boosted BP’s access to the burgeoning Russian energy sector, a priority for oil majors looking for new fields as older ones dry up. 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 may undertake 1 bln usd Singapore petrochem project on its own – report

AFX Europe (Focus): Shell may undertake 1 bln usd Singapore petrochem project on its own – report

Sept 14, 2004

SINGAPORE (AFX) – Shell Chemicals may build its third petrochemical cracker facility in Singapore on its own if its existing partner Sumitomo Chemical decides not to participate in the 1 bln usd project, the Business Times reported, citing a senior Shell Chemicals executive.

Shell Chemicals and Sumitomo Chemicals are partners in two existing petrochemical crackers on Jurong Island, Singapore’s petrochemical hub, but Sumitomo said in May that it was not keen on investing in a third facility in Singapore. 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

AUSTRALIA PRESS: Shell Considers Queensland Power Exit

AUSTRALIA PRESS: Shell Considers Queensland Power Exit

Tuesday September 14, 6:24 AM

MELBOURNE (Dow Jones)–Energy giant Royal Dutch/Shell (RD) is considering selling its interests in two coal-fired power stations in Queensland, as part of a global overhaul of its energy infrastructure portfolio, the Australian Financial Review reports Tuesday.

Shell-controlled vehicle InterGen owns a 54% stake in the Millmerran power station and a 50% stake in the Callide C facility. Both generate 840 megawatt hours of electricity and are fired by black coal, the report said. 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

Total denies rumors of courtship with Shell, ConocoPhillips

Oil & Gas Journal: Total denies rumors of courtship with Shell, ConocoPhillips

Doris Leblond

OGJ Correspondent

Posted 14 Sept 04

PARIS, Sept.13 — Total AS Chairman and CEO Thierry Desmarest at the company’s midyear press conference Thursday, scotched rumors circulating that he intended to acquire either Royal Dutch/Shell Group or ConocoPhillips or a medium-size company in the US or Russia.

“I see no operation offering sufficient attractiveness” at this time of high prices, he said. “We are not fanatics of mega-mergers.” However, Desmarest indicated that, if opportunities for acquisitions arose under reasonable conditions, he might pursue them. But he was wary about acquisitions or alliances in Russia unless they carried a “reasonable risk,” and was cautious about any involvement in Iraq. 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 Guardian: Shell’s pounds 17m will be used to reduce fees levied by regulator

The Guardian: Shell’s pounds 17m will be used to reduce fees levied by regulator

“The reduction is almost entirely due to the penalty paid by Shell for “unprecedented misconduct” in misleading the markets over the reporting of its oil and gas reserves.”

JILL TREANOR

Sep 14, 2004

All companies regulated by the Financial Services Authority can expect a cut in their regulatory fees next year following the record pounds 17m fine levied on oil company Shell.

For the first time since it was formed, the City regulator plans to reduce by just under 10% the charge it levies on firms and individuals it regulates.

The reduction is almost entirely due to the penalty paid by Shell for “unprecedented misconduct” in misleading the markets over the reporting of its oil and gas reserves. 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 faces new dilemma in south Nigeria

Financial Times: Shell faces new dilemma in south Nigeria

“Almost 10 years after execution of the Ogoni author Ken Saro-Wiwa and eight fellow rights activists caused international outrage, Shell is involved in another deepening dispute in the Ogoni region.”: “Shell does want to do essential maintenance in the region on the trans-Niger pipeline, which carries 185,000 barrels a day of production. It has just stationed members of Nigeria’s paramilitary mobile police – whose public notoriety is such that they are nicknamed “kill and go” – to guard its facilities after it experienced problems with tampering.”

By Michael Peel in Lagos

14 Sept 04

A tell-tale hiss sounds from two Royal Dutch/Shell-operated oil wellheads standing in a large brown slick in Ogoni, southern Nigeria. Behind the tall metal structures, known as Christmas trees because of their branching pipes and valves, a pair of old women stoop to sort through a large pile of maize. “When the spill occurred, it destroyed all the crops I planted,” says Iyamaghe Kpotu, one of the women.

Almost 10 years after execution of the Ogoni author Ken Saro-Wiwa and eight fellow rights activists caused international outrage, Shell is involved in another deepening dispute in the Ogoni region. 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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