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Posts on ‘August 23rd, 2005’

Philippine Daily Inquirer: Oil firm may face raps for gas leak in QC

Philippine Daily Inquirer: Oil firm may face raps for gas leak in QC

“The Quezon City fire department said it would file charges of reckless imprudence resulting in damage to property and physical injuries against Shell…”

Tuesday 23 August 2005

First posted 00:07am (Mla time) Aug 23, 2005

By DJ Yap

Inquirer News Service

Editor’s Note: Published on page A19 of the August 23, 2005 issue of the Philippine Daily Inquirer

A MAJOR oil company could still be held liable for the gas leak that caused an explosion in Quezon City on Sunday, although it had agreed to shoulder the medical expenses of victims and the repair of damaged property.

The Quezon City fire department said it would file charges of reckless imprudence resulting in damage to property and physical injuries against Shell and Darnel Imbo, driver of the leaking tanker, when the victims filed their affidavits. 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.

Reuters: More big U.S. energy deals? Don’t hold your breath

Reuters: More big U.S. energy deals? Don’t hold your breath

“The so-called super-majors, such as Exxon Mobil Corp., Chevron, Royal Dutch Shell and BP are already so huge that any attempts to buy smaller integrated companies, such as Marathon Oil Corp , or Amerada Hess Corp , would inevitably run into anti-trust problems…”:

Tuesday 23 August 2005

NEW YORK, (Reuters) – At first glance, the U.S. energy sector seems ripe for consolidation: Record prices have added to cash holdings, production has been slumping, and Asia’s giant economies are hungry for energy assets.

But do not hold your breath for the next blockbuster energy deal on the heels of the $18 billion Unocal Corp. acquisition by Chevron Corp. last week after a bitter takeover battle, say some industry insiders.

With its strategic assets in Southeast Asia and a poor track record of delivering returns to shareholders, Unocal was a unique takeover target and few similar candidates are left. 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 Reopens Oil Facilities in Nigeria

THE NEW YORK TIMES: Shell Reopens Oil Facilities in Nigeria

Posted Tuesday 23 August 2005

By THE ASSOCIATED PRESS

Published: August 22, 2005

Filed at 12:58 p.m. ET

LAGOS, Nigeria (AP) — Royal Dutch Shell PLC has reopened two oil facilities producing nearly 40,000 barrels of crude a day after closing them last week amid a compensation dispute, a company spokeswoman said Monday. A lawyer said talks to resolve the dispute would resume.

Villagers demanding compensation for an oil spill and a fire nearly two years ago launched protests in mid-August that prompted Shell to close the facilities in the oil-rich Niger delta’s Obio-Akpor district. 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.

Oil Edges Up Near $66 on Supply Worries

THE NEW YORK TIMES: Oil Edges Up Near $66 on Supply Worries

“Protesters in major exporter Nigeria ended a week-long siege of oil facilities on Monday, to pave the way for talks with Royal Dutch Shell over compensation for an oil spill and fire in 2003. Such protests underlined fears over global supply security and refining constraints that have helped keep U.S. oil at an average of $53.79 this year versus $41.47 in 2004.”

Tuesday 23 August 2005

By REUTERS

Published: August 23, 2005

Filed at 2:15 a.m. ET

SINGAPORE (Reuters) – Oil prices inched up toward $66 on Tuesday as fears over persistent global supply disruptions countered recovering output from Ecuador and an expected slight increase in U.S. crude stocks.

U.S. light crude was 20 cents higher at $65.85 a barrel by 0527 GMT in the new front-month October contract, after September expired on Monday up 10 cents at $65.45. London Brent crude rose 20 cents to $64.70 a barrel. 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.

Cnooc, Other Chinese Oil Companies May Lead Oil Mergers

BLOOMBERG: Cnooc, Other Chinese Oil Companies May Lead Oil Mergers

“BG Group Plc, Repsol YPF SA, Woodside Petroleum Ltd. and even Royal Dutch Shell Plc also “could be in the hands of other players…”

Tuesday 23 August 2005

Aug. 23 (Bloomberg) — Cnooc Ltd., Petrochina Co. Ltd. and other Chinese oil companies may be back in the takeover hunt to get access to more reserves to meet demand in the country’s growing economy, a Foresight Research Solutions energy analyst says.

After the sting of Cnooc failing to prevail in the bidding for Unocal Corp., the company and its Chinese rivals are likely to stay away from U.S., Canadian, Australian and European targets, said Bernard Picchi, an energy analyst for Foresight in New York in a note to investors. 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.
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