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June, 2005:

The Guardian: Shell ready for acquisition trail

The Guardian: Shell ready for acquisition trail

Thursday June 23, 2005

By Terry Macalister

Shell chief executive Jeroen van der Veer yesterday raised expectations of a big acquisition to put the Anglo-Dutch oil group back on equal terms with BP and ExxonMobil.

Speaking at a press briefing about the advantages of now being able to launch a rights issue, he insisted “we have no specific target in mind” but pointed out that the last 100 years in the oil industry was a story of consolidation.

His remarks came as the prospect of a bidding war loomed last night for US oil group Unocal. China’s state-run oil firm CNOOC is preparing a counter-bid for the firm, upsetting an agreed offer of $18.2bn (£10bn) from America’s ChevronTexaco, sources close to the process told Reuters. A move would be the latest in a series of ambitious acquisitions by Chinese companies in the US and is bound to be closely scrutinised by American regulators. read more

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Shell’s Chief Reaffirms Goal of 30% More Output by 2015

THE NEW YORK TIMES: Shell’s Chief Reaffirms Goal of 30% More Output by 2015

Thursday 23 June 2005

By HEATHER TIMMONS

Published: June 23, 2005

LONDON, June 22 – Jeroen van der Veer, chief of the Royal Dutch/Shell Group, said Wednesday that the company would spend more on research, focus on big technology-driven projects and possibly acquire other oil producers and reserves to increase production by 30 percent as planned by 2015.

Mr. van der Veer, who took the helm 15 months ago after Shell was forced to admit it had overstated its oil and gas reserves, said earlier this year that the company planned to produce 5 million barrels of oil a day in a decade, up from about 3.5 million to 3.8 million now. This week, he presented his top managers with more details of that 10-year plan, and on Wednesday, he briefed journalists about it at Shell’s London headquarters. read more

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Shell paves the way for future as natural gas giant

THE TIMES (UK): Shell paves the way for future as natural gas giant

Thursday 23 June 2005

By Carl Mortished, International Business Editor

June 23, 2005

SHELL will transform itself into a global gas major over the next ten years, producing more natural gas than crude oil, as the company steps up investment in ten multibillion-dollar projects, known as “elephants”, Jeroen van der Veer, the chief executive, said.

Shell expects that its production of hydrocarbons will rise from current levels of 3.5 million barrels per day (bpd) to 5 million bpd as the company raises its investment in research and new technology. read more

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Daily Telegraph: Renewable energy ‘will struggle to pay its way

Daily Telegraph: Renewable energy ‘will struggle to pay its way

Thursday 23 June 2005

By Christopher Hope (Filed: 23/06/2005)

Renewable energy would not be able to pay its own way for at least 10 years, Shell admitted yesterday.

Jeroen van der Veer, Shell’s chief executive, said wind power was only profitable because of generous Government subsidies, while solar power broke even on a cash basis.

He said that Shell treated its renewable energy investments equally, pouring resources into whichever started to look promising.

“The philosophy is pots on the fire: try everything and, by 2015, we should have to make up our mind,” he said. “If one of the pots starts to boil, we will increase the size of the pot.” read more

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Elephants, tigers and a gust of hot air: Shell ploughs billions into finding more oil and gas

Daily Telegraph (UK): Elephants, tigers and a gust of hot air: Shell ploughs billions into finding more oil and gas

Thursday 23 June 2005

City comment

Edited by Neil Collins

(Filed: 23/06/2005)

Everyone knows the old joke about how many elephants can you fit into a Mini (two in the front, and two in the back). Yesterday Jeroen van de Veer added his own Dutch twist by pondering how many big cats you can fit into an elephant. He didn’t know the answer, but he’s determined to find out.

Shell is recovering its poise, if not yet the one in four of its oil reserves it lost last year, and plans to boost production by over 30pc between now and 2015. To do this, it needs to find 10 elephant projects (at over $1billion each) and many more big cat prospects (over 100m barrels). Since they may be in awkward places run by tinpot dictators, Shell is starting charm academies, so its executives can learn how to get the best deals out of them. read more

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Shell ploughs billions into finding more oil and gas

Daily Telegraph: Shell ploughs billions into finding more oil and gas

Thursday 23 June 2005

By Christopher Hope, Business Correspondent (Filed: 23/06/2005)

Shell yesterday came out fighting with plans for 10 multi-billion dollar investments – termed “elephant” projects – by 2015, while pouring hundreds of millions of dollars into research and development to help the Anglo-Dutch giant boost production by 31pc to 5m barrels of oil and gas a day by 2015.

Jeroen van der Veer, Shell’s chief executive, also defended next week’s restructuring of Shell Transport and Trading and Royal Dutch Petroleum into one company, which will leave up to 2,000 UK holders of Royal Dutch stock nursing a large capital gains tax bill. read more

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Something quite seismic is happening at Shell, you can be sure of that

The Independent: Michael Harrison’s Outlook: Something quite seismic is happening at Shell, you can be sure of that

Thursday 23 June 2005

How many barrels are in a Big Cat and how many Big Cats make an Elephant? There is a new language at Shell to go with the new corporate structure which shareholders are being asked to approve next week. And while much of the terminology will remain comprehensible only to oilmen, there is a very palpable sense that what we are witnessing is the emergence of a new Shell.

In the space of a year, the chief executive Jeroen van der Veer has swept away a century of conservative, in-bred tradition. Five days from now Shell will shed its split personality and its historical baggage and re-emerge as a single company with one board, one chief executive and one headquarters. No big deal, the rest of the oil industry may say. But within Shell, the ramifications are seismic. read more

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Shell steps on the gas with plan to raise output by 40 per cent

The Independent (UK): Shell steps on the gas with plan to raise output by 40 per cent

Thursday 23 June 2005

By Michael Harrison, Business Editor

23 June 2005

Shell plans to exploit the new era of high oil prices by raising output by more than 40 per cent over the next 10 years to about 5 million barrels a day, by which time it could be a bigger producer of gas than oil.

The company also announced that it plans to appoint a “Mr or Mrs CO2” to spearhead its efforts to tackle greenhouse gas emissions and create a new future energy forum within Shell to drive the growth in renewable power such as wind and solar. read more

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Shell CEO Expects Output to Increase 30% Over Decade

THE WALL STREET JOURNAL: Shell CEO Expects Output to Increase 30% Over Decade

By CHIP CUMMINS
Staff Reporter of THE WALL STREET JOURNAL
June 23, 2005; Page A3

(See Corrections & Amplifications item below.)

LONDON — Royal Dutch/Shell Group’s chief executive said the company is on track to boost oil and natural-gas production about 30% in the next decade, as a number of big projects already in the works come on line and as Shell bolsters its exploration-and-production business with new finds.

Jeroen van der Veer reiterated the company’s earlier projection that Shell expects flat production in the next few years, a problem shared by some other major oil companies. read more

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THE BORNEO POST: Dr John Huong, former employee suing Shell

THE BORNEO POST: Former employee suing Shell

22 June 2005

MIRI: Dr John Huong, an ex-Shell employee, is suing Shell in the Industrial Court here, alleging that he had been unfairly dismissed by the company.

According to the case papers filed by his lawyer, William Ding, the claimant is requesting reinstatement to his former position in the company as a geologist. He had been working with the company for almost 30 years in various capacities.

“He was dismissed on March 28, 2003 after the company conducted a domestic inquiry, alleging that the claimant had absented himself from work and meetings on numerous occasions,” said Ding. read more

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insurancejournal.com: S&P Rates Shell Captive ‘AA’

insurancejournal.com: S&P Rates Shell Captive ‘AA’

Wednesday 22 June 2005

June 22, 2005

Standard & Poor’s Ratings Services announced that it has assigned its “AA” long-term counterparty credit and insurer financial strength ratings to Swiss-based Solen Versicherungen AG (SVAG), a wholly owned captive insurer of the Royal Dutch/Shell Group of Companies, which are rated “AA/Stable/A-1+”. The outlook is stable. “SVAG qualifies as a captive insurer under Standard & Poor’s rating criteria and, as such, is rated at the same level as Shell,” stated S&P credit analyst Jelena Bjelanovic. read more

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Shell to Raise Output Of Oil, Natural Gas By 30% in 10 Years

THE WALL STREET JOURNAL: Shell to Raise Output Of Oil, Natural Gas By 30% in 10 Years

Wednesday, 22 June 2005:

By CHIP CUMMINS

Staff Reporter of THE WALL STREET JOURNAL

June 22, 2005 12:32 p.m.

LONDON — Royal Dutch/Shell Group’s chief executive said the company is on track to boost oil and natural-gas production by some 30% over the next decade, as a number of big projects already in the works come on line and as Shell bolsters its exploration and production business with new finds.

Jeroen van der Veer reiterated the company’s earlier projection that Shell expects flat production in the next few years, a problem shared by some other major oil companies. But at a news conference here Wednesday, he said Shell expects to identify and develop as many as 10 super-large “elephant” projects that will boost output by 2015. read more

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Negotiation key to Shell boosting production

Financial Times: Negotiation key to Shell boosting production

Wednesday 22 June 2005

By Thomas Catan and Ian Bickerton in London

Royal Dutch/Shell, the Anglo-Dutch energy group, on Wednesday announced a package of measures designed to boost its flagging oil and gas production and gain access to new resources.

Jeroen van der Veer, Shell’s chief executive, said the company would set up a new “commercial academy” to train staff to negotiate more effectively with governments that control oil and gas resources.

The initiative was also designed to counter the growing threat from energy-hungry countries such as China and India, whose aggressive state oil companies were becoming direct competitors, he said. read more

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Reuters: Shell Canada sees oil prices falling

Reuters: Shell Canada sees oil prices falling

Wed Jun 22, 2005

NEW YORK (Reuters) – The chief executive of Shell Canada Ltd. on Wednesday predicted the price of oil would almost certainly fall, though he did not say how far or how fast it would come off of current record highs.

“The fundamentals will tell you that the price should come down,” Clive Mather said at the Reuters Energy Summit. “Personally I think it’s almost inevitable that they will come down.”

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OMAN SIGNS OIL AGREEMENTS WITH GROUP OF INT’L COMPANIES

Asia Pulse: OMAN SIGNS OIL AGREEMENTS WITH GROUP OF INT’L COMPANIES

MUSCAT, June 22 Asia Pulse – The government of the Sultanate Tuesday signed a production sharing agreement (and a joint operating agreement) for the development of the Mukhaizna field with occidental Mukhaizna LLC, Liwa Energy Ltd, a subsidiary of Mubadala Development Company, Shell Oman Trading Company Limited, Total E&P Oman, Oman Oil Company and Partex (Oman) Corporation.

Dr. Mohammed bin Hamad al-Rumhi, Minister of Oil and Gas signed the production sharing agreement (and joint operating agreement) on behalf of the Government of the Sultanate and with the companies participating in the new venture at the Grand Hyatt Hotel. read more

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MosNews (Russia): EBRD Delays Loan to Sakhalin-2 Oil Project Due to Environmental Concerns

MosNews (Russia): EBRD Delays Loan to Sakhalin-2 Oil Project Due to Environmental Concerns

21 June 2005

The European Bank for Reconstruction and Development (EBRD) has delayed the approval of a key loan to Royal Dutch/Shell’s Sakhalin-2 oil and gas project in Russia’s Far East. The reason for the delay is the environmental concerns raised by various groups inside and outside of Russia.

“It’s going slower than expected and we have identified some problems. We’ve raised them with Sakhalin Energy [company which operates the project] and we’re discussing the solutions,” an EBRD spokeswoman, quoted by Reuters, said on Monday, June 20. “We were anticipating going into public consultation on it [the loan] in early summer if all the boxes had been ticked but the timing for that has slipped and we can’t say when we expect when to go to the next phase,” the spokeswoman added. read more

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MarketWatch: Royal Dutch/Shell Group faces local lawsuit over Nigeria gas flaring

MarketWatch: Royal Dutch/Shell Group faces local lawsuit over Nigeria gas flaring

21 June 2005

By MarketWatch

LONDON (MarketWatch) — Communities in Nigeria’s Niger Delta are suing Royal Dutch/Shell Group (RD, SC) and its partners in a local court after the company said it would continue gas flaring beyond a legal deadline, the non-governmental organization Friends of Earth said Monday.

Gas flaring is the highly polluting process of burning off natural gas trapped in crude oil.

In a statement, Friends of Earth said last month Shell had announced it would continue flaring until 2009, a year beyond a deadline set by the Nigerian government. read more

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Irish Independent: Jail me, says gas pipeline protester

Irish Independent: Jail me, says gas pipeline protester

Tuesday 21 June 2005

A FARMER has vowed to go to jail rather than let oil giant Shell build a pipeline through his land.

Willie Corduff said yesterday that people in Rosport, Co Mayo, were being told by Shell, Statoil and Marathon – the three companies that have formed a consortium to take gas inland from the Corrib field – that they were safe.

“They are proposing to lay a high-pressure gas pipeline in bogland – something that has never been tried before – and to build the refinery on bogland,” Mr Corduff said. read more

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Asia Pulse: SAUDI ARAMCO TO LIFT SHOWA SHELL STAKE TO 15%

Asia Pulse: SAUDI ARAMCO TO LIFT SHOWA SHELL STAKE TO 15%

21 June 2005

TOKYO, June 21 Asia Pulse – Showa Shell Sekiyu KK (TSE:5002) will as early as Tuesday accept a contract with Saudi Arabian Oil Co., known as Saudi Aramco, that raises the Middle Eastern state-owned firm’s interest from 10 per cent to 15 per cent.

Through the increase, Saudi Arabia aims to bolster its ties with Japan, the biggest purchaser of its crude oil. The stronger relationship will also enable Showa Shell to procure oil more securely than competitors.

Last year, Saudi Aramco bought a Showa Shell stake of about 10 per cent from the Royal Dutch/Shell Group, which owned half of the Japanese firm. Since then, the Saudi company had intended to buy an additional interest of 5 per cent this fiscal year to hike its ownership to 15 per cent. read more

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The Guardian (UK): Shell faces flaring lawsuit

The Guardian (UK): Shell faces flaring lawsuit

Terry Macalister

Tuesday June 21, 2005

Shell and its partners yesterday found themselves facing a legal suit from local rural communities and western environmentalists over allegations of causing pollution and global warming by flaring gas in Nigeria.

The case – designed to highlight the issue ahead of next month’s G8 summit on Africa and climate change – was lodged in the federal high court of Nigeria in Benin City by the Gbarain and other communities.

Friends of the Earth, Greenpeace and the World Wildlife Fund are supporting the move which came with a new 35-page report: “Gas flaring in Nigeria: a human rights, environmental and economic monstrosity.” read more

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The Independent (UK): Opec supplies may increase as oil nudges $60

The Independent (UK): Opec supplies may increase as oil nudges $60

By Philip Thornton, Economics Correspondent

21 June 2005

Oil prices broke new records on both sides of the Atlantic yesterday, prompting Opec to announce it would begin talks about a further increase in supply.

The price of crude came close to hitting the psychological $60-a-barrel mark yesterday after breaking through $59 in New York.

Analysts said fears over a shortage of supply capacity were exacerbated by an outbreak of political turmoil in Nigeria, a major oil producing nation.

In New York prices closed at a record $59.37 a barrel, up 90 cents. In London Brent futures were up 56 cents at $58.32, having hit a fresh peak of $58.58. Prices looked set to break through $60 as contracts for delivery in the final four months of the year, when cold weather boosts demand, were trading above that level. read more

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Irish Times: Locals will go to jail over gas pipeline

Irish Times: Locals will go to jail over gas pipeline

Paul Cullen

Jun 21, 2005

A group of landowners in north Mayo has vowed to go to jail rather than let Shell E&P Ireland build an onshore pipeline for its Corrib gas field through their properties.

The group, which has defied a High Court injunction prohibiting it from interfering with the company’s preparatory work for the pipeline, came to Dublin yesterday to picket Shell’s Irish headquarters.

“I’ll go to jail if I have to. We’ll fight for years for justice, just like the McBreartys,” one of the landowners, Willie Corduff, told a press conference in Dublin. read more

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THE TIMES (City diary): Hostile domain

THE TIMES (City diary): Hostile domain

By Martin Waller

June 21, 2005

ROYAL DUTCH/SHELL is locked in a dispute with an 88-year-old war veteran who saw action in the Burma campaign and now runs a website, http://royaldutchshellgroup.com, that publishes material critical of the oil company.

The roots of the row between Shell and Alfred Donovan go back to the early 1990s and have to do with earlier marketing campaigns. Mr Donovan and his son John say they do not want money for the site, which Shell unaccountably failed to register.

But they will not hand over the rights to the domain name until the company “gets rid of the management” responsible for its various woes, notably last year’s reserves scandal. (I thought they had.) Shell is going to the Geneva-based arbiter of such disputes next month to try to strip the Donovans of the right to the name. read more

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Friends of the Earth: Communities Sue Shell to Stop Nigerian Gas Flaring

Friends of the Earth: Communities Sue Shell to Stop Nigerian Gas Flaring

Posted 21 June 2005

LAGOS, NIGERIA/London, UK, 20th June 2005 – Communities from across the Niger Delta, with the support of Environmental Rights Action/Friends of the Earth Nigeria (ERA), have today filed a legal action against the Nigerian government, the Nigerian National Petroleum Corporation and the Shell, Exxon, Chevron, Total and Agip joint venture companies to stop gas flaring.

More gas is flared in Nigeria than anywhere else in the world, and flaring in the country has contributed more greenhouse gas emissions than all other sources in sub-Saharan Africa combined according to the World Bank. read more

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THE NEW YORK TIMES: Crude Oil Surges to Record $59.18

THE NEW YORK TIMES: Crude Oil Surges to Record $59.18

By THE ASSOCIATED PRESS

Published: June 20, 2005

Filed at 4:35 a.m. ET

SINGAPORE (AP) — Crude oil futures hit a record high Monday, reaching $59.18 a barrel in Asian trading on concerns that demand will outpace refineries’ ability to produce diesel and gasoline in the second half of the year.

The kidnapping last week of six oil workers in Nigeria, Africa’s largest producer, also contributed to the commodity’s rise.

Nymex crude for the July contract reached the mark early afternoon in Singapore, a rise of 71 cents from Friday’s close, the second straight day oil has set intraday records. After reaching the high, it fell back slightly to $59.02 a barrel. read more

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Houston Chronicle: $60 oil could be just around the corner

Houston Chronicle: $60 oil could be just around the corner

Refinery outage in Deer Park and threats in Nigeria mean record price

Posted Monday 20 June 2005

By LYNN J. COOK

Copyright 2005 Houston Chronicle

Oil swerved closer to $60 than it ever has before, settling at $58.47 a barrel and setting a record Friday.

Market watchers are split over whether prices are justified, but a growing number of analysts are crying foul as light, sweet crude prices catapulted almost $5 a barrel.

The last time prices were anywhere near as high was April 1, when oil closed at $57.27 on the New York Mercantile Exchange.

“Let’s call this what it is — rampant speculation,” said Kyle Cooper of Citibank Global Market in Houston. read more

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Malaysia Star: Shell: Pilots acted heroically

Malaysia Star: Shell: Pilots acted heroically

Monday 20 June 2005

BY STEPHEN THEN

MIRI: The pilots flying the Super Puma helicopter that went down in the South China Sea near Shell Malaysia’s B11 gas exploration platform have been described as heroes for averting a major tragedy.

Shell Malaysia chairman Datuk Jon Chadwick said veteran pilot Kapt Raj Kumar, 41, and First Officer Adnan Hairi, a former Royal Malaysian Air Force pilot, had saved the lives of 11 passengers and 29 people working on board the multi-billion structure.

“So many lives were saved because these pilots dealt with the emergency situation professionally and calmly. read more

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EMAIL FROM DISGRUNTLED FORMER SHELL EMPLOYEE JOSEPH MURIUKI TO SHELL KENYA COUNTRY CHAIRMAN

EMAIL FROM DISGRUNTLED FORMER SHELL EMPLOYEE JOSEPH MURIUKI TO SHELL KENYA COUNTRY CHAIRMAN, ENG. PATRICK OBATH: HEARTIEST & WARMEST CONGRATULATIONS…

Posted Monday 20 June 2005

Dear Eng. P.E.O.Obath,

I am writing to congratulate you Eng. Patrick E.O Obath on your appointment as Shell Kenya Country Chairman and wish you every success in your job.

Regarding my dispute with Shell Chemicals E.A.Ltd, I request you to act just as you would if Shell belonged to you as the sole proprietor, or as a court of appeal judge by bringing together both accuser and accused before you. This has never been done by your predecessors. read more

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Nigerian militants release kidnapped German, Nigerian oil workers

AP Worldstream: Nigerian militants release kidnapped German, Nigerian oil workers

Posted 19 June 2005

DANIEL BALINT-KURTI

Militants in southern Nigeria have released two German and four Nigerian oil workers they had taken hostage, a local government official said.

“They were released unconditionally,” said Preye Wariowei, a spokesman for the Nigerian state of Bayelsa, where the workers subcontracted to Shell were seized by gunmen on Wednesday. He said the two Germans were now in the care of their direct employer, German firm Bilfinger Berger.

Wariowei said the hostages were unharmed. read more

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Two German, Four Nigerian Hostages Freed in Nigeria

THE NEW YORK TIMES: Two German, Four Nigerian Hostages Freed in Nigeria

19 June 2005

By REUTERS

LAGOS (Reuters) – Two German and four Nigerian oil workers kidnapped by militants in Nigeria’s southern delta were released on Saturday after three days in captivity, a state government spokesman said.

The six employees of oil services company Bilfinger-Berger, a contractor for Royal Dutch Shell were abducted on Wednesday by a little-known ethnic group pressing the oil giant for jobs and development in the impoverished wetlands region.

“The six were handed over to the deputy governor by the king and the people of the community. They are OK apart from the psychological trauma they have been through,” a state government spokesman said by phone from Yenegoa, the Bayelsa state capital. read more

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Bloomberg: Shell-Oman Venture Boosts Oil Reserves, Slows Field Decline

Bloomberg: Shell-Oman Venture Boosts Oil Reserves, Slows Field Decline

Sunday 19 June 2005

June 19 (Bloomberg) — Royal Dutch/Shell Group, Europe’s second-largest oil company, last year boosted reserves from its joint venture in Oman and slowed the rate of decline at maturing fields, the company said in its annual report.

“The field development plans for Lekhwair and Nimr yielded increases in reserves that more than offset the decreases in the reserves” of six other fields, Petroleum Development Oman said in the report on its Web site. The company didn’t provide a total figure for the increase. read more

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Helicopter carrying Shell employees crashes in sea, all 13 on board survive

AP Worldstream: Report: Helicopter carrying Shell employees crashes in sea, all 13 on board survive

Jun 19, 2005

A helicopter carrying employees of oil giant Shell crashed in the sea near an offshore rig in the South China Sea, but all 13 occupants including a Briton and two New Zealanders survived without major injuries, a news report said.

The Super Puma EC225 helicopter, with two pilots and 11 Shell Malaysia employees aboard, went down Saturday after nearly completing its one-hour flight from Miri in Sarawak state on Borneo island to the company’s rig, the New Sunday Times reported.

It said the occupants, who were wearing life jackets, evacuated the aircraft before it sank and were rescued by a passing boat. The helicopter was one of three contracted from Malaysia Helicopter Services, a private company, to Shell Malaysia. read more

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Fiddling as the planet burns: There is nothing left to debate about climate change. It is happening and each of us must act

The Observer (UK): Fiddling as the planet burns: There is nothing left to debate about climate change. It is happening and each of us must act

Sunday 19 June 2005

Henry Porter

Sunday June 19, 2005

The great lie in the climate debate is that there is still a debate worth having. Opponents of change insist that the human factors in global warming are not proven and that we must wait until we have hard evidence before taking drastic action, which is as about as silly as saying there are two equally valid views on the issue of whether paedophilia damages children.

What is so destructive about this stance is that it claims equal weight and equal airtime. The ‘balance’ in newspaper reports, especially in the United States, is, in fact, a bias against the truth and weakens the case for immediate action against emissions of C02. And while we hum and haw, trying to persuade reluctant sceptics, the permafrost of the Arctic melts, sea levels inch up and the pH levels of oceans gradually drop because of the carbon that is absorbed from the atmosphere. read more

This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

EBRD freezes Shell Sakhalin loan

The Observer (UK): EBRD freezes Shell Sakhalin loan

Nick Mathiason

Sunday June 19, 2005

The European Bank for Reconstruction and Development is refusing to fund Shell’s vital $12 billion Sakhalin-2 oil and gas project off the east coast of Russia until problems with the environmental impact of the pipeline’s construction are resolved.

The news is a serious blow to Shell, which needs to finalise funding quickly so it can begin the building of liquefied natural gas platforms and terminals. Sakhalin-2 will generate $45bn worth of energy and is vital for the future of the embattled firm. read more

This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

No Brits, Dutch or Yanks – we’re Shell

The Observer (UK): No Brits, Dutch or Yanks – we’re Shell: “Who will become permanent chairman of Shell, the Anglo-Dutch oil giant fallen on hard times?”

Frank Kane

Sunday June 19, 2005

Who will become permanent chairman of Shell, the Anglo-Dutch oil giant fallen on hard times? The answer is no nearer today than it was many months ago, when Dutchman Aad Jacobs was first named as temporary head of the restructured group, but some worrying hints are coming out of the notoriously opaque organisation.

People in the know believe that Egon Zender, the head-hunting firm commissioned with the task of finding the right man, has been told to rule out a British or Dutch candidate on the grounds that would upset the delicate balance of power between the two nationalities. But in a more worrying development, EZ has also been told to rule out an American. Shell is a European standard-bearer, it is said, and must therefore have a European at its head. read more

This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

High oil prices are here to stay

THE SUNDAY TIMES (UK): High oil prices are here to stay

19 June 2005

WHILE the world’s leaders and finance ministers have been concerning themselves with issues such as African poverty, other matters have not disappeared from the agenda. Last weekend in London, the Group of Seven finance ministers expressed their “significant concern” about high oil prices, warning they were hampering economic growth.

On cue, the Organisation of Petroleum Exporting Countries (Opec) said on Wednesday it was raising production quotas by 500,000 barrels a day to 28m from July 1. That is unlikely, however, to produce an early drop in prices, which hit a record of $58.45 a barrel in New York on Friday. Opec, having abandoned its old $22-$28-a-barrel target range now seems relaxed about these higher prices. Demand for oil is strong and supply is limited. read more

This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Trackers look top-heavy as Shell doubles up

THE SUNDAY TIMES (UK): Trackers look top-heavy as Shell doubles up

19 June 2005

ONE of the biggest shares in the FTSE 100 is about to double in size, creating a dilemma for investors with index tracker funds, writes David Budworth.

Royal Dutch/Shell, which is listed on the Dutch and UK stock exchanges, will seek shareholder approval later this month to list solely in London. Shell will make up 6% of the Footsie instead of just over 3% now.

Some advisers are worried that this will make the index too concentrated and dependent on a few companies and sectors, which could blunt returns from tracker funds. read more

This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

News Center, Wisma TV, Kuala Lumpur: Chopper crashes, all 13 on board safe

Posted by: admin on Sunday, June 19, 2005 – 01:37 AM
 
Bintulu – A Malaysia Helicopter Services (MHS) chopper crashed at sea near the Shell Malaysia B11 oil rig, some 170km off Bintulu in Sarawak, at about noon Saturday but all 13 people o­n board, including the two pilots, are safe.

Shell Malaysia said all the 11 passengers, eight Malaysians, two New Zealanders and a Briton,  and the Malaysian pilots were evacuated by another helicopter to Miri for observation and medical treatment. read more

This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

ABC News Australia: Shell, Qld Govt forge ‘clean coal’ research partnership

ABC News Australia: Shell, Qld Govt forge ‘clean coal’ research partnership

Saturday 18 June 2005

The Queensland Government has formed a research alliance with global oil giant Shell to develop clean coal technology and power.

Premier Peter Beattie met with senior Shell executives in New York yesterday, where they agreed to work together in the study.

Mr Beattie says the Government’s Stanwell Corporation is trying to capture coal as a competitively priced source of energy, while reducing carbon dioxide emissions to near-zero levels.

“Shell will work alongside Stanwell’s existing team of experts to deliver,” he said. read more

This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Citigroup braced for record fine: ‘It might even top the record-breaking £17m slapped on oil company Shell last year’

The Guardian (UK): Citigroup braced for record fine: “It might even top the record-breaking £17m slapped on oil company Shell last year.”

Jill Treanor and David Gow

Saturday June 18, 2005

Citigroup is braced for a hefty fine by the Financial Services Authority despite being cleared by Germany’s Eurex exchange following an investigation into a £7bn European bond trade last year.

The City regulator has been investigating the bond trade since last August, when Citigroup made a profit of £8m in two minutes.

The FSA is thought to be in the final stages of its investigation and is expected to levy a fine that would wipe out the profit made from the trade. It might even top the record-breaking £17m slapped on oil company Shell last year. read more

This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Shell Canada CEO not spooked, not panicked

Petroleum News: Shell Canada CEO not spooked, not panicked

18 June 2005

Mather not worried about competition from LNG imports, doesn’t buy talk that Mackenzie window could close by late July

Gary Park

Petroleum News Canadian Correspondent

Shell Canada’s boss is not about to join the ranks of those who fear liquefied natural gas projects in Canada will topple the Mackenzie Gas Project.

Neither is he about to set a “drop-dead” deadline for the C$7 billion Arctic venture.

Chief executive officer Clive Mather left no doubt June 9 that Shell Canada is fully committed to standing behind its 11.2 percent interest in the Mackenzie consortium and, to that extent, doesn’t agree with those who think the window of opportunity is about to close. read more

This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Irish Times: Corrib work by Shell suspended after protests

Irish Times: Corrib work by Shell suspended after protests

18 June 2005

Lorna Siggins, Marine Correspondent

Shell E&P Ireland has suspended further attempts to gain access to lands in north Mayo for its Corrib gas field onshore pipeline, following protests this week by a group of landowners.

The multinational said it was considering “the options open”, including possible further recourse to the courts. In a statement, the company said that the protests on Wednesday evening in Rossport and Gortacragher represented “the third occasion” on which it had been “met with obstruction from this group”. read more

This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Citigroup faces record FSA fine for bond deal

THE TIMES (UK): Citigroup faces record FSA fine for bond deal

Posted 17 June 2005

By Caroline Merrell, Banking Correspondent

CITIGROUP, the US investment bank, is expected to be fined between £20 million and £30 million by the Financial Services Authority (FSA) over a controversial bond trade that shook the European bond markets last year.

The fine, which is to be announced within the next two weeks, will be the biggest imposed by the UK regulator. The fine is also expected to include a charge of €17 million (£11.4 million), equivalent to the profits that Citigroup made from the bond trade. read more

This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Shell: Hostage – Takers Are Demanding Jobs

THE NEW YORK TIMES: Shell: Hostage – Takers Are Demanding Jobs

Posted 17 June 2005

By THE ASSOCIATED PRESS

LAGOS, Nigeria (AP) — Gunmen who seized two German and four Nigerian oil workers are demanding petroleum giant Royal Dutch/Shell honor promises of jobs and benefits in the oil-rich south, a company spokesman said Thursday.

The kidnappers are dissatisfied with Shell’s implementation of an agreement to provide nine communities bordering oil fields with jobs and basic social benefits, Simon Buerke, a spokesman for the Royal Dutch/Shell Group of Cos., said by telephone from London. read more

This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Nigeria Moves to Free Abducted German Oil Workers

THE NEW YORK TIMES: Nigeria Moves to Free Abducted German Oil Workers

Posted 17 June 2005:

By REUTERS

LAGOS (Reuters) – The southeastern Nigerian state of Bayelsa has ordered a militant group to release two German and four Nigerian oil workers it kidnapped in the Niger Delta, a government spokesman said on Thursday.

The six employees of oil services company Bilfinger-Berger (B&B), a local contractor for Royal Dutch Shell, were abducted on Wednesday while traveling by boat from Delta State to Bayelsa State, where the militant group is based.

“The governor has already directed that they be released immediately. The government has dispatched a high-powered team to the area with a mandate to get them out,” the spokesman said by phone from Yenegoa, the Bayelsa state capital. read more

This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Irish Times: Oil exploration is a tale of woe for ethnic minority

Irish Times: Oil exploration is a tale of woe for ethnic minority

Jun 16, 2005

NIGERIA: The environment in Nigeria’s Delta region is being devastated because of the activities of oil companies, a local activist tells Deaglan de Breadun

Multinationals are involved in “reckless and careless” oil exploration and drilling in the Niger Delta, with devastating consequences for the environment. This is the allegation made against the international oil companies, particularly Shell, by Nigerian environmental activist Annkio Opurum-Briggs. Her charges are denied by a Shell spokesman. read more

This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Shell workers kidnapped in Nigeria

CNN.com: Shell workers kidnapped in Nigeria

Thursday, June 16, 2005

LAGOS, Nigeria (CNN) — Six employees of a Shell contractor were kidnapped Wednesday in southern Nigeria, a spokesman for Shell in London said.

The two Germans and four Nigerians were abducted early in the morning by youths who identified themselves as members of the Iduwini National Movement for Peace and Development, the spokesman said.

The spokesman added that the group is demanding better social services, specifically clean water, improved roads, clinics and schools. read more

This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Utilities Love? More Mergers May Be Near

THE WALL STREET JOURNAL: Utilities Love? More Mergers May Be Near

Posted 16 June 2005:

By REBECCA SMITH

Staff Reporter of THE WALL STREET JOURNAL

Wall Street is eager to flip the switch on more big utility deals.

The surge of interest in consolidating the fragmented, highly local utilities business has been sparked by the proposed acquisition of Oregon utility company PacifiCorp by MidAmerican Energy Holdings Inc., a unit of Warren Buffett’s Berkshire Hathaway Inc., and the prospect that Congress might repeal a 70-year-old law barring oil companies, banks and other outsiders from utility ownership. read more

This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Malaysia Star: Shell to open more petrol stations

Malaysia Star: Shell to open more petrol stations

Wednesday 15 June 2005

BY SHILING WOON

SHELL Malaysia plans to invest RM150mil to open 15 new petrol stations and upgrade the existing 830 outlets nationwide, said managing director Mohzani Wahab.

The new petrol stations will be in the Klang Valley, Penang and Johor.

“We plan to allocate RM8mil to set up each of the 15 new petrol stations,” Mohzani told reporters after the launch of Shell’s Don’t Fool With Fuel retail safety campaign by Domestic Trade and Consumer Affairs Minister Datuk Mohd Shafie Apdal in Petaling Jaya yesterday. read more

This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Shell whistleblower, Dr John Huong

ShellNews.net: Shell whistleblower, Dr John Huong, a Shell geologist of almost 30 years standing faces Shell in court today in his action for wrongful dismissal against his former employer

15 June 2005

By Alfred Donovan

Proceedings commenced yesterday, 14 June 2005 in the Industrial Court in Miri, Malaysia, in respect of an action brought by Dr John Huong, a former Shell geologist for almost 30 years. The case went to court after all other avenues of resolving his claim were exhausted. The case continues today.

The Malaysian High Court Injunction obtained by eight companies within the Royal Dutch Shell Group regarding revelations by Dr Huong posted on this website remains in force. Dr Huong’s appeal for the action to be dismissed on grounds that it was brought against him in the wrong legal jurisdiction is pending. read more

This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.