Posts on ‘April 28th, 2006’
MarketWatch: Petrobras completes purchase of Shell Colombia assets
Apr 28, 2006
RIO DE JANEIRO (MarketWatch) — Brazil's state-run oil firm Petroleo Brasileiro SA (PBR), or Petrobras, Friday said it has completed the acquisition of Royal Dutch Shell PLC's (RDSB.LN) fuel and distribution businesses in Colombia.
Petrobras is buying 39 gasoline stations and convenience stores in and around Bogota, a storage base, a lubricants plant in Puente Aranda and a terminal in Santa Marta, the company said in a filing to Brazil's stock-market regulator. read more
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| Shell unveils plans for 'biggest refinery in US'Apr 28 11:03 AM US/Eastern |
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Anglo-Dutch oil group Royal Dutch Shell has announced plans to make its jointly owned Motiva refinery in Port Arthur, Texas, the biggest in the United States.
Shell founded the Motiva refiniery in 1998 with Saudi Refining and is considering increasing the output at the facility by 325,000 barrels per day.
“The project would make the Port Arthur Refinery the largest in the country,” Shell said in a statement on Friday.
Output would rise to 610,000 barrels per day, higher than the 557,000 barrels per day produced by the ExxonMobil facility in Baytown, Texas, the current biggest in the country.
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and its sister non-profit websites
royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and
shell2004.com
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John Donovan. There is also a
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Forbes/AFX News Limited: Shell jnv Motiva plans US refinery expansion
04.28.2006
LONDON (AFX) – Motiva Enterprises LLC, jointly owned by Royal Dutch Shell PLC and Saudi Refining Inc, said it plans to increase its oil refining capacity at Port Arthur in Texas by 325,000 barrels per day.
The additional capacity will be on-stream by 2010. Construction work will start in 2007 once the required regulatory approvals have been secured. The project, once finished, will make the Port Arthur facility the largest in the US, it said. read more
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
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Unison.ie, Ireland: Corrib gas project 'has polluted Mayo drinking water'
08:06 Friday April 28th 2006
Opponents of the Corrib gas pipeline are claiming that drinking water from Carrowmore Lake in Co Mayo has been heavily contaminated as a result of the project.
The Shell to Sea campaign says the water has been polluted with aluminium as a result of the removal of peat from the site of the onshore gas terminal being built by Shell in Ballinaboy.
The group is due to offer samples of the water to officials from the Department of the Environment today in an effort to get an investigation into the concerns. read more
shellplc.website and its sister non-profit websites
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shell2004.com
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John Donovan. There is also a
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BP and Shell join oil majors facing Senate tax check
By David Litterick in New York (Filed: 28/04/2006)
BP and Shell are about to be dragged into the latest row over high petrol prices after a US Senate committee demanded to see tax returns from the 15 largest oil companies as part of an inquiry into industry profits and soaring prices.
“I want to make sure the oil companies aren't taking a speedpass by the tax man,” said Senator Charles Grassley, chairman of the Senate finance committee, meaning that they were not dodging their taxes, as he asked the Internal Revenue Service to hand over records for the past five years. read more
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Oil-News Roundup
The WALL STREET JOURNAL ONLINEApril 28, 2006 12:40 a.m.
Oil fell to nearly $71 a barrel Thursday on the New York Mercantile Exchange. But crude prices are still up 16% this year and analysts believe they will stay lofty, thanks to brisk global demand and seemingly endless supply worries. Here is today's well of news about oil and fuel prices.
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EXXON's PAYDAY: Exxon Mobil reported blockbuster earnings — quarterly profit rose 7% to $8.4 billion. Revenue for the quarter climbed 8.4% to $88.98 billion. But the world's biggest oil company missed Wall Street's more-demanding forecasts, and investors sent Exxon's stock price down 1.1% by the close. The latest bulging profit from Exxon comes at a time when both Wall Street and Washington are criticizing Big Oil for amassing hefty cash piles. For its part, Exxon trumpeted two statistics to indicate it is trying to get more oil and natural gas out of the ground. The company said its capital and exploration spending totaled $4.8 billion in the quarter, 41% more than in the year-earlier period. And it said its fossil-fuel production averaged 4.6 million barrels of oil equivalent a day, up an unusually strong 5% from a year earlier. read more
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Putin's grand plan triggers governance backlash
Investors harbour anxieties about standards of eastern bloc firms listing in London
Terry Macalister and Jill Treanor
Friday April 28, 2006
The Guardian
Vladimir Putin's ambitions for state-owned energy companies such as Gazprom and Rosneft to become global giants is triggering a backlash in western countries, including high-level complaints about the way foreign investors are being treated in Russia.
Clara Furse, head of the London Stock Exchange, which could host a flotation in July by the Russian oil company Rosneft, has written in support of the institutional investor Hermitage Capital Management, whose boss has been barred from visiting Russia for the last four months.
F&C, a top City investor, cautioned yesterday that the Rosneft flotation raised serious questions of governance and legal risk, reflecting wider concerns in the investment community about governance standards of eastern bloc companies floating in Britain. read more
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G.O.P. Senators Hurry to Quell Furor Over Gas
Published: April 28, 2006
WASHINGTON, April 27 — Senate Republicans tried on Thursday to get the upper hand in the escalating political battle over high gasoline prices by proposing a $100 rebate for taxpayers and by suggesting that they might increase taxes on oil-industry profits.
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Senator Bill Frist, the majority leader, took questions from reporters after announcing a legislative plan to combat high gasoline prices. read more
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WASHINGTON–Rising gas prices have sparked a new proposal in Congress that would pony up millions of taxpayer dollars to reward hydrogen energy breakthroughs.
Backed primarily by Republicans, the H-Prize Act of 2006 would create three categories of prizes to be awarded over the next decade, including a $100 million berth for “transformational changes in technologies for the distribution or production of hydrogen that meet or exceed far-reaching objective criteria.” It would be up to the U.S. Department of Energy to designate an independent, non-governmental organization to set the contest's rules and pick its judges.
Smaller awards of up to $1 million would be distributed every other year to inventions in four categories: hydrogen production, storage, distribution, and utilization. In alternate years, one prize of up to $4 million would go to those who achieve prototypes of hydrogen-powered vehicles or other products that meet certain predetermined benchmarks. read more
Filed at 2:19 a.m. ET
DALLAS (AP) — Exxon Mobil Corp. posted the fifth-highest quarterly profit for any public company in history on Thursday, and with oil prices above $70 a barrel it could go down as the company's weakest quarter for the year.
Exxon Mobil's first-quarter was lower than its record fourth-quarter, when the world's largest oil company reported the highest profits ever for any publicly traded company. And the earnings, which rose 7 percent to more than $8 billion, still fell short of analysts' estimates. read more
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WWF stresses oil spill dangers of Sakhalin project
28 Apr 2006 00:02:06 GMTSource: Reuters |
GENEVA, April 28 (Reuters) – The European Bank for Reconstruction and Development (EBRD) should not make loans to Shell's giant energy project off Russia's Pacific coast without more measures to protect the environment, WWF said on Friday.
The conservation group said ice and poor weather around the proposed Sakhalin oil and gas operation would make it nearly impossible to clean up any spills for half of the year, placing marine life at risk in the case of an accident.
“This is the most difficult place on earth to have to respond to an oil spill,” Paul Steele, WWF International's chief operating officer said in a report.
“Wave heights in spring and winter are often five times higher than current recovery methods can cope with,” he said.
The EBRD's board is expected to vote in June on whether to approve a $300 million loan to support the Royal Dutch Shell Plc-led Sakhalin-2 project, which has drawn heavy criticism from green groups.
The massive oil and gas fields off the north coast of Sakhalin Island are located near the feeding grounds of the critically endangered Western Grey whale.
Shell and its partners Japan's Mitsui and Mitsubishi say they are working to safeguard the species.
Their Sakhalin Energy consortium spent about $7 million on whale research from 1997 to 2005 and agreed last year to reroute offshore pipelines.
WWF, formerly known as the World Wildlife Fund, urged the European development bank to be cautious in its involvement in the $20 billion project.
“The EBRD cannot agree to fund this project whilst remaining consistent with its environmental values and maintain its credibility,” Steele said. “If it goes ahead and funds Sakhalin, its environmental reputation will be heavily tarnished.”
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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.
A head-cut image of Alfred Donovan (now deceased) appears courtesy of The Wall Street Journal.
Royal Dutch Shell conspired directly with Hitler, financed the Nazi Party, was anti-Semitic and sold out its own Dutch Jewish employees to the Nazis. Shell had a close relationship with the Nazis during and after the reign of Sir Henri Deterding, an ardent Nazi, and the founder and decades long leader of the Royal Dutch Shell Group. His burial ceremony, which had all the trappings of a state funeral, was held at his private estate in Mecklenburg, Germany. The spectacle (photographs below) included a funeral procession led by a horse drawn funeral hearse with senior Nazis officials and senior Royal Dutch Shell directors in attendance, Nazi salutes at the graveside, swastika banners on display and wreaths and personal tributes from Adolf Hitler and Reichsmarschall, Hermann Goring. Deterding was an honored associate and supporter of Hitler and a personal friend of Goring.
Deterding was the guest of Hitler during a four day summit meeting at Berchtesgaden. Sir Henri and Hitler both had ambitions on Russian oil fields. Only an honored personal guest would be rewarded with a private four day meeting at Hitler’s mountain top retreat.
IN JULY 2007, MR BILL CAMPBELL (ABOVE, A RETIRED GROUP AUDITOR OF SHELL INTERNATIONAL SENT AN EMAIL TO EVERY UK MP AND MEMBER OF THE HOUSE OF LORDS: 
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