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Posts on ‘May 10th, 2005’

Aramco Mulls Domestic IPO For $5 Bln Export Refinery

THE WALL STREET JOURNAL: Aramco Mulls Domestic IPO For $5 Bln Export Refinery

10 May 05

DOW JONES NEWSWIRES

LONDON — State-owned oil giant Saudi Arabian Oil Co. (SOI.YY) Monday said it will seek to list a $5 billion export refinery on the domestic stock market, which has been growing at near 75% a year on high oil prices.

The listing would be the first time private Saudi investors would be allowed to own a piece of the world’s biggest oil producer, commonly known as Aramco.

Aramco is looking for a joint venture partner for the new refinery before it launches an IPO, and says it has a shortlist including Asian or U.S. partners. 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.

MALAYSIA BUSINESS BRIEFS: Shell Refining In Financing Deal

Yahoo Business News (Australia): MALAYSIA BUSINESS BRIEFS: Shell Refining In Financing Deal 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.

Shell Transport & Trading Co. plc: First Quarter 2005 Unaudited Condensed Interim Financial Reports

Yahoo Business News: Shell Transport & Trading Co. plc: First Quarter 2005 Unaudited Condensed Interim Financial Reports 

Press Release Source: Shell Transport & Trading Co plc

Tuesday May 10, 2005

LONDON, May 10 /PRNewswire-FirstCall/ — On 9 May 2005, the Royal Dutch/Shell Group of Companies (the Group), Royal Dutch Petroleum Company (Royal Dutch) and The “Shell” Transport and Trading Company, p.l.c. (Shell Transport) furnished their First Quarter 2005 Unaudited Condensed Interim Financial Reports (the Reports) to the US Securities and Exchange Commission (SEC) on Form 6-K. The Reports can be downloaded from www.shell.com/results or www.sec.gov. 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.

Lloyds List: North Asian gas import prices will rise as demand increases

Lloyds List: North Asian gas import prices will rise as demand increases

Tony Gray reports from the LNG Finance Forum in London organised by Euromoney Energy Events and Gas Strategies

May 10, 2005

Growing global demand for liquefied natural gas will force the hungry markets in north Asia, which have traditionally been the biggest consumers, to raise their import prices, the conference was told.

Peter de Wit, president of Shell Gas ‘ Power, Asia- Pacific, said the industry was witnessing the emergence of a more inter-connected global LNG market which was likely to lead to ‘greater volatility in the Asia-Pacific market and higher prices.’ 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.

Lloyds List: Shell to begin life on Mars after respite in ocean conditions

Lloyds List: Shell to begin life on Mars after respite in ocean conditions

Martyn Wingrove

May 10, 2005

SHELL is set to begin repairing flexjoints on its oil and gas risers on its Gulf of Mexico tension-leg platforms in June, three months behind schedule because of ocean conditions.

Shell Exploration Production Co has been forced to delay repair work on the Mars TLP because of strong loop currents in the region, but is hoping to start work on the Auger TLP instead in June.

Loop currents, caused by the Gulf Stream whipping around the area, have been particularly strong in the Mars basin in the Mississippi Canyon area this year, delaying repairs to the oil and gas export risers in the Mars TLP. 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.