Posts on ‘April 27th, 2006’
3-MONTH PROFIT: $8,400,000,000.00
($8.4 BILLION)
Thu Apr 27, 2006 8:42am ET
NEW YORK (Reuters) – Exxon Mobil Corp., the world's largest publicly traded oil company, on Thursday reported quarterly profit surged, driven by rising oil prices.
Net income in the first quarter was $8.4 billion, or $1.37 a share, up from $7.86 billion, or $1.22 a share, a year earlier.
Revenue jumped to $88.98 billion from $82.05 billion.
Crude oil prices have risen steadily from about $20 a barrel in 2002 to over $75 last week, handing oil and gas companies a long-running profit bonanza. read more
shellplc.website and its sister non-profit websites
royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and
shell2004.com
are owned by
John Donovan. There is also a
Wikipedia feature.
04.27.2006
NEW DELHI (AFX) – India's state-run Oil and Natural Gas Corp (ONGC) plans to pay oil giant Royal Dutch Shell about 170 mln usd for a 15 pct stake in a Brazilian oil field, the Press Trust of India (PTI) news agency reported.
'The upfront payment for acquiring a 15 pct stake in block BC-10 is about 170 mln usd,' ONGC chairman and managing director Subir Raha told reporters, PTI said.
Another senior ONGC executive, R.S. Butola, said the company would spend another 234 mln usd as its share of the cost involved in bringing the field to production by the end of 2009. read more
shellplc.website and its sister non-profit websites
royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and
shell2004.com
are owned by
John Donovan. There is also a
Wikipedia feature.
LONDON (Reuters) – Royal Dutch Shell Plc said on Wednesday it was increasing its stake in a Brazilian oil block and, as part of the transaction, India's state-controlled ONGC Videsh Ltd would also take a stake.
Shell has exercised its pre-emption option to buy an additional 30 percent interest in the Shell operated BC-10 block offshore Brazil and will sell half this stake to ONGC.
Technical and commercial studies are underway for the development of BC-10, which has the potential for production of around 100,000 barrels of oil per day, Shell said. read more
shellplc.website and its sister non-profit websites
royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and
shell2004.com
are owned by
John Donovan. There is also a
Wikipedia feature.
The Independent: The Big Question: Should we fear Kremlin control of Europe's energy supply?
By Michael Harrison, Business Editor
Published: 27 April 2006
What is Gazprom?
Gazprom is the world's biggest gas producer. It supplies 20 per cent of global demand and holds about 25 per cent of world gas reserves – some 18 trillion cubic metres of the stuff, worth $84bn (£47bn). That is more than North America, South America, Europe and Africa contain put together and is equivalent to about a third of Middle East gas reserves. read more
shellplc.website and its sister non-profit websites
royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and
shell2004.com
are owned by
John Donovan. There is also a
Wikipedia feature.
Key Lawmakers Demand Oil Co. Tax Records

By THE ASSOCIATED PRESS
Published: April 27, 2006
Filed at 1:51 a.m. ET
WASHINGTON (AP) — Responding to an election-year spike in gasoline prices, Senate Republicans on Wednesday drafted legislation providing $100 rebates for taxpayers as key lawmakers sought access to Big Oil's income tax returns.
The rebate legislation also calls for oil drilling in the Arctic National Wildlife Refuge, an intensely controversial proposal that will probably contribute to the defeat of the overall measure. read more
shellplc.website and its sister non-profit websites
royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and
shell2004.com
are owned by
John Donovan. There is also a
Wikipedia feature.
Financial Times: Shell uses Nigerian companies linked to rebels
By Dino Mahtani and Daniel Balint-Kurti in Lagos
Published: April 26 2006 22:09 | Last updated: April 26 2006 22:09
Royal Dutch Shell has admitted it has subcontracted work to companies run by Nigerian militant activists involved in a violent insurrection in 2003 that shut down 40 per cent of the country’s oil output.
The activists in question have links to a rebel group, the Movement for the Emancipation of the Niger Delta (Mend), that attacked Shell oil facilities this year, closing down more than a fifth of the output of the world’s eighth largest exporter. read more
shellplc.website and its sister non-profit websites
royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and
shell2004.com
are owned by
John Donovan. There is also a
Wikipedia feature.
Shell rejects pleas to leave Sakhalin
LONDON, April 2(UPI) — Environmentalists want the Royal Dutch Shell Group PLC to abandon a potentially lucrative oil and gas exploration venture in eastern Russia.
The World Wildlife Federation and similar groups are demanding the Anglo-Dutch company quit its $20 billion project in Sakhalin, the Independent reported Wednesday.
Activists say RDS failed to persuade an independent panel of scientists that its activities will not harm a critically-endangered population of western grey whales. The cetaceans are due to arrive shortly in their breeding grounds when work on the project's pipeline begins. read more
shellplc.website and its sister non-profit websites
royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and
shell2004.com
are owned by
John Donovan. There is also a
Wikipedia feature.