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September 29th, 2005:

Shell CEO says no Gazprom asset swap delay, seen finalized 2006

FROM OUR SHELL NEWS ARCHIVE SEPT 2005

MarketWatch: Shell CEO says no Gazprom asset swap delay, seen finalized 2006

“In July, Shell announced a preliminary swap deal with Gazprom that would give the Russian gas giant up to 25% in the Sakhalin II project in exchange for a 50% interest in its massive Zapolyarnoye-Neocomian gas field in northern Russia. But one week later, Shell, that operates the Sakhalin oil and gas project in Russia’s Far East, said it expected costs to double to $20 billion.”

Thursday 29 Sept 2005

JOHANNESBURG (MarketWatch) — The head of Royal Dutch Shell PLC (RDSB.LN) Thursday denied talks with OAO Gazprom (GSPBEX.RS) on a Russian asset swap involving the Sakhalin II project had been delayed and said he hoped to finalize the deal in 2006.

Speaking on the sidelines of a Johannesburg oil conference, he said: “Discussions have started on time, on the schedule that we announced. It will take many months and we hope to get to a result in 2006.”

In July, Shell announced a preliminary swap deal with Gazprom that would give the Russian gas giant up to 25% in the Sakhalin II project in exchange for a 50% interest in its massive Zapolyarnoye-Neocomian gas field in northern Russia. read more

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Shell says considering ‘new realities’ of refining

Reuters: Shell says considering ‘new realities’ of refining

“Chief Executive Jeroen van der Veer told Reuters in an interview that new refineries needed to be built. De-bottlenecking and brownfields will not be enough,” he said…”: “If you start to tax away all the upside in the oil price, then we have less money to invest.”

Thursday Sept 29, 2005

By Tom Bergin

JOHANNESBURG (Reuters) – Royal Dutch Shell Plc (RDSa.L: Quote, Profile, Research) said on Thursday the world faced a shortage of refining capacity, which may affect the oil major’s future investment plans, although he did not say whether it would build a refinery itself.

Chief Executive Jeroen van der Veer told Reuters in an interview that new refineries needed to be built.

“De-bottlenecking and brownfields will not be enough,” he said, referring to traditional techniques of squeezing more capacity from and of expanding existing refineries. read more

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Shell Exec: Oil Prices Linked to Capacity Boost

The New York Times: Exec: Oil Prices Linked to Capacity Boost

  Higher oil prices and increased profits will give oil companies the incentive and leverage to make billions of dollars in new investments to expand refining and production, Royal Dutch Shell’s chief executive said Thursday.”

By THE ASSOCIATED PRESS Published: September 29, 2005

Filed at 11:15 a.m. ET

JOHANNESBURG, South Africa (AP) — Higher oil prices and increased profits will give oil companies the incentive and leverage to make billions of dollars in new investments to expand refining and production, Royal Dutch Shell’s chief executive said Thursday.

Global demand for oil had risen faster than anticipated leading to a shortage of refining capacity, Jeroen van der Veer said. But he said refining margins are now extremely profitable after years in the doldrums. 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.

Royal Dutch Shell is set to name Burson-Marsteller as its corporate PR adviser

Financial Times: Set for Shell sell: “Royal Dutch Shell is set to name Burson-Marsteller as its corporate PR adviser.”

By Clay Harris
Published: September 29 2005

Royal Dutch Shell is set to name Burson-Marsteller as its corporate PR adviser. Global product PR will be handled by Edelman.

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.

Philippine Daily Inquirer: DOE orders Shell, Chevron to decide on Malampaya

Philippine Daily Inquirer: DOE orders Shell, Chevron to decide on Malampaya

“THE DEPARTMENT OF ENERGY HAS GIVEN members of the Malampaya Deep Water Gas-to-Power Project consortium until Sept. 30 to decide whether they will extract and develop oil from the natural gas find off northwest Palawan.”

29 September 2005

Abigail L. Ho

Sep 29, 2005

THE DEPARTMENT OF ENERGY HAS GIVEN members of the Malampaya Deep Water Gas-to-Power Project consortium until Sept. 30 to decide whether they will extract and develop oil from the natural gas find off northwest Palawan.

Energy Undersecretary Guillermo Balce said discussions on the Malampaya oil rim were on hold until tomorrow, after which it would ask consortium members Shell Philippines Exploration BV (Spex) and Chevron Texaco Malampaya on their definite plans. 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.

Major changes in offing as Kuwait revenues soar

Kuwait Times: Major changes in offing as Kuwait revenues soar

“Three consortiums of IOCs are keen to lead the project that should produce five billion barrels of crude oil over a 20-year period. The group leaders are BP, heading Occidental Petroleum (US), ONGC Videsh and Indian Oil Corp.; ExxonMobil – Royal Dutch/Shell, ConocoPhillips (US) and Maersk Oil & Gas (Denmark); and ChevronTexaco – France’s Total, Russia’s Sibneft, Petrol- Canada and China’s Sinopec.”

29 September 2005

Moin Siddiqui

Sep 29, 2005

KUWAIT: Kuwaiti MPs have finalised a much anticipated draft law for the $7 billion Project Kuwait scheme to allow foreign oil companies to develop northern oil fields. The next step is a full debate in October. Kuwait, the sole owner of nearly one-tenth of the world’s proven oil reserves, is keen to liberalise its petroleum industry, assuming however, the government can overcome deepseated political and legal obstacles to foreign direct investment by the oil multinationals into upstream exploration/production activities. The country’s economy is in exceptionally robust shape, reflecting higher crude prices and production. The petroleum sector accounts for 90 per cent of state revenues and about half of the total national output. Real gross domestic product (GDP) increased at an average annual rate of 8.5 per cent over 2003-04, “its highest pace in the preceding decade and a half,” according to the International Monetary Fund (IMF) Executive Board 2005 Article 1V Consultation report. 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, Turcas in retail venture in Turkey

AFX Asia (Focus): Shell, Turcas in retail venture in Turkey

“In a statement, Shell said it will own a 70 pct stake in the joint venture, while Turcas will hold the remaining 30 pct.”

Posted Thursday 29 September 2005

LONDON (AFX) – Royal Dutch Shell PLC and Turkish oil group Turcas Petrol AS have signed an agreement to market and distribute fuels and lubricants in Turkey.

In a statement, Shell said it will own a 70 pct stake in the joint venture, while Turcas will hold the remaining 30 pct.

Other details of the deal, including the assets and services to be contributed by each partner to the joint venture, have yet to be sorted out.

“Shell and Turcas are hopeful that this will be resolved in the next 2-3 months,” said Shell. 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 set to dismantle pipeline section next week, says Dempsey

Irish Times: Shell set to dismantle pipeline section next week, says Dempsey

“The Minister for the Marine and Natural Resources, Noel Dempsey, has said that Shell E&P is expected to begin work next week on dismantling part of the controversial Corrib gas pipeline that was welded together without proper consent.”: “All development work has ceased on the onshore pipeline due to the ongoing controversy, which has seen five men spend more than 90 days in jail for refusing to purge their contempt of court over a refusal to comply with a High Court injunction obtained by Shell.”

Posted Thursday 29 September 2005

Liam Reid, Political Reporter

Oireachtas committee: The Minister for the Marine and Natural Resources, Noel Dempsey, has said that Shell E&P is expected to begin work next week on dismantling part of the controversial Corrib gas pipeline that was welded together without proper consent.

In a three-hour hearing before the Oireachtas Committee on Communications, Marine and Natural Resources, Mr Dempsey also criticised the Shell to Sea campaign against the pipeline, claiming that its main aim was not the safety of people living beside the pipeline, but a general opposition to the exploitation of offshore gas fields by private companies. 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 donates children’s ward to Warri Central Hospital

Daily Independent (Nigeria): Shell donates children’s ward to Warri Central Hospital

Thursday 29 September 2005

By Francis Onoiribholo

Correspondent, Warri

Shell Petroleum Development Company (SPDC), on Monday, boosted Delta State government’s effort towards providing adequate healthcare services with the donation of a Neo-Natal Ward for children at the Warri Central Hospital.

The multinational oil firm also donated water borehole, a transformer and security lights under its joint venture initiative.

The State Director of Health Services, Dr Hastings Eduvie, who represented the Commissioner for Health, Dr Ifeanyi Okowa, at the ceremony, expressed gratitude to the oil company for the donation. He said the amenities would go a long way in alleviating the suffering of children admitted at the hospital. 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.

Aramco Shell jv consider plan to boost output of Motiva refinery

Financial Times: ENERGY: “Aramco, the Saudi kingdom’s national oil company, is considering a plan to boost the output of its Motiva refinery in Houston by 45 per cent, along with its joint venture partner, Shell.”: “This summer, Jeroen Van der Veer, Shell’s chief executive, commented that he did not see any tankers of crude sitting idle for want of refining capacity.”

Thursday 29 September 2005

By Thomas Catan and Kevin Morrison

Published: September 29 2005

When British protesters angered by the country’s high fuel prices threatened to blockade oil refineries earlier this month, Gordon Brown, the chancellor of the exchequer, pointed the finger in a familiar direction: the Organisation of the Petroleum Exporting Countries. The only way to bring down prices, he declared, was by putting pressure on the oil cartel to step up production.

Opec promptly called his bluff, proposing to make available another 2m barrels of oil a day – if consumers wanted it. “We’re offering everything in our pocket and this is my message to Gordon Brown: if he would like to have it, I would be happy to sell it to him,” said Sheikh Ahmad Fahad Al-Ahmad Al-Sabah, Opec’s president. The announcement had a limited effect on prices. As Sheikh Al-Sabah well knew, even if Opec were suddenly able to double its output of crude, it would not be going anywhere. There simply would not be enough capacity to refine the oil into a usable form. 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.