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Posts on ‘June 7th, 2005’

Shell, E.ON Plan World’s Largest Wind Farm in U.K.

BLOOMBERG: Shell, E.ON Plan World’s Largest Wind Farm in U.K. (Update4): “The U.K., the windiest country in Europe, wants 10 percent of its power to come from renewable sources by 2010…”: 7 June 2005

June 7 (Bloomberg) — Royal Dutch/Shell Group, E.ON AG and partners sought U.K. permission for the world’s largest wind park, a 1.5 billion-pound ($2.75 billion) project big enough to serve one-fourth of London, as Prime Minister Tony Blair seeks to cut emissions linked to global warming.

The London Array project would have 270 turbines about 60 miles downstream from central London, in an estuary where the River Thames flows into the North Sea. The windmills 12 miles offshore, with a total of 1,000 megawatts of capacity, may be ready in 2011, the companies said in an e-mailed statement today. read more

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Shell studying retail network viability

Financial Express India: Shell studying retail network viability

Posted online: Tuesday, June 07, 2005

Shell India Marketing Pvt Ltd, the first multinational company that has permission to open 2,000 petro retailing outlets in the country, is conducting field studies to identify commercially viable spots across the country.

“Now we have only three outlets—two in Bangalore and one in Chennai. We are planning to be all over the country,” Mr Shairan Husain, managing director of Shell India Marketing, said. Shell India Marketing, the automobile fuel retailing arm of Shell India Pvt Ltd, now sources petrol and diesel from the 9.6 million-tonne capacity Mangalore Refineries and Petrochemcials Ltd (MRPL). “Shell’s strategy is to source locally. Hence we are open to entering into deals with other refineries also as we expand,” he 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

High Court rejects Todd Petroleum’s arguments on pipeline access

New Zealand Herald: High Court rejects Todd Petroleum’s arguments on pipeline access: “The score is one-all between heavyweight energy players Shell New Zealand and Todd Petroleum…”

The score is one-all between heavyweight energy players Shell New Zealand and Todd Petroleum in recent legal stoushes.

The High Court in Wellington has rejected Todd Petroleum’s arguments that access to the Maui pipeline by third parties wanting to transport non-Maui gas required unanimous agreement by the Maui Joint Venture parties.

Todd, Shell and Austrian firm OMV are the joint venture parties.

Todd claimed, in a judgment released by Justice MacKenzie, that open access was outside the purpose of the joint venture agreement and any activity outside that required unanimous agreement of the joint venture parties. read more

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Shell predicts two decades of rising energy prices

The Independent: Shell predicts two decades of rising energy prices

By Michael Harrison

07 June 2005

Worldwide energy prices are set to rise over the next two decades as individual countries become more concerned about ensuring security of supply and governments take a more pro-active role in dictating energy policy and regulating markets, according to the latest global outlook from the oil giant Shell.

Its “global scenarios” report, the first to be produced since the twin shocks of the terror attacks of 11 September 2001 and the Enron scandal, also suggests that Shell in common with other oil majors will place more emphasis on developing renewable energy sources such as wind and solar than extracting more hydrocarbons through unconventional means. read more

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Shell’s slimmer structure ‘will open the door to acquisitions’

Daily Telegraph: Shell’s slimmer structure ‘will open the door to acquisitions’

By Christopher Hope (Filed: 07/06/2005)

A leading Shell executive yesterday predicted that the company’s new slimmed down structure would make it easier to make acquisitions after it missed out on consolidation in the oil and gas industry in the late 1990s.

Shell’s shareholders vote later this month on plans to replace the British and Dutch companies which own Shell with just one business – Royal Dutch Shell – with its main listing on the London Stock Exchange.

Peter Voser, Shell’s chief financial officer, said: “The restructuring scheme will enable us to use our shares as a currency for acquisitions. This will bring us at par with our main competitors. This could be useful in a possible consolidation phase within the industry.” 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

Financial Times: Papering the cracks

Financial Times: Papering the cracks

Published: June 7 2005

When crude prices are high, oil industry acquisitions are tough to justify. But as Peter Voser, chief financial officer, reiterated, after the planned merger of Royal Dutch with Shell, at least the oil major could use its paper as currency for a deal.

Shell emphasizes that the ability to issue paper does not mean a significant deal is under consideration. It is committed to organic growth. A transformational deal, which would undermine confidence in this strategy, is unlikely. A merger with another international major would also face tough political and regulatory hurdles. 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 focus switches to security

THE TIMES: Shell focus switches to security

7 July 2005

By Peter Klinger

SECURITY threats are to supplant technological advances as the key consideration driving strategy in Royal Dutch Shell over the next 20 years.

Jeroen van der Veer, chief executive of the Anglo-Dutch group, said that national security and trust in the marketplace were the key issues that needed to be addressed as part of planning to 2025.

He said: “Western societies now look to the state more than in recent decades to lead the restoration of physical security and market integrity. This brings into sharper focus the power of the state to regulate and to coerce, in a role involving both the direct intervention to fight terrorism and police the market, and a more general emphasis on transparency, disclosure and good governance.” 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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