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Posts on ‘May 16th, 2006’

MSN Money: Shell Board Defeats Draft Resolution

MSN Money: Shell Board Defeats Draft Resolution

 

Associated Press

May 16, 2006

 

THE HAGUE, Netherlands (AP) – The directors of Royal Dutch Shell board soundly defeated a proposal Tuesday from an environmental group of shareholders to tighten oversight on ecologically risky ventures and enforce closer cooperation with local communities.

 

After a discussion at Shell's annual general meeting that grew heated at times, the proposal was defeated by 93 percent of the vote representing more than three billion shares. 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.

Daily Telegraph: Chavez offers cheap oil to Britain's poor

Chavez offers cheap oil to Britain's poor
By Tom Burgis
(Filed: 16/05/2006)

Hugo Chavez leaves Britain today after a controversial visit that saw him enhance his status as a ringmaster of international oil politics.

The Venezuelan president, who sits astride the world's fifth largest oil reserves, used a press conference with Ken Livingstone, the Mayor of London, to make an extraordinary offer to supply cheap fuel direct to poor Britons who face soaring energy bills.

Hugo Chavez and Ken Livingstone
Hugo Chavez with Ken Livingstone yesterday

“We have two refineries here, one in the north, one in the south,” said Mr Chavez, who also met trade unionists, Labour MPs and supporters of his socialist project – though notably not Tony Blair – during his two-day visit. 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.

THE WALL STREET JOURNAL: Oil-News Roundup: 16 May 2006

Oil News Roundup

The WALL STREET JOURNAL ONLINEMay 16, 2006

Crude-oil prices tumbled nearly 4% Monday to less than $70 a barrel on the New York Mercantile Exchange, partly due to worries that a stronger yuan will slow China's runaway growth and oil consumption. Here is today's well of news about oil and energy.

* * *

PUTTING OFF THE BIG THREE: For the moment, energy concerns have taken a back seat to immigration concerns at the White House, Washington Wire reports; President Bush delayed a meeting with the Big Three auto makers until June 2 to give him time to push his immigration plan this week. Executives from General Motors, Ford and DaimlerChrysler want to ask Mr. Bush for government help in making cars that run on ethanol and other biofuels. They still plan to take their case to Capitol Hill this week. 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.

Forbes/AFX News Limited: Shell CEO says Sakhalin project on track, within budget

05.16.2006

LONDON (AFX) – Royal Dutch Shell PLC assured that the giant Sakhalin-2 gas project in Russia's Far East remains on course with its revised schedule and budget.

The project, in which Shell owns a 55 pct stake, has suffered cost overruns, doubling the cost of the project to 20 bln usd and delaying its start to 2008 from 2007.

'The project is over 70 pct complete, with first gas deliveries expected in 2008,' chief executive Jeroen van der Veer told shareholders at Shell's annual meeting in The Hague. 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.

Financial Times: R Dutch Shell to rethink its Nigerian security

R Dutch Shell to rethink its Nigerian securityBy Carola Hoyos and Alison Maitland in London andDino Mahtani,in Lagos
Published: May 16 2006 03:00 | Last updated: May 16 2006 03:00

Royal Dutch Shell, whose annual meeting takes place today, was having to “rethink completely” its security in Nigeria after recent kidnappings and attacks on installations, Jeroen van der Veer, Shell's chief executive, said.

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.