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Posts on ‘May 22nd, 2006’

Shanghai Daily news: Han meets with the CEO of Shell Group

Kelly Chen/ Shanghai Daily news

Mayor Han Zheng met with Jeroen van der Veer, Chief Executive Officer of Royal Dutch Shell Group, at the VIP guest hall in the morning of May 20th.

The Mayor expressed his warm welcome and sincere thanks for Shell’s contribution to Shanghai’s development as a member of the International Business Leaders' Advisory Council for the Mayor of Shanghai. He said he hoped to hear yet more constructive ideas from Shell this year.

Han Zheng said that 2006, the first year of the Eleventh Five Year Plan, would be fundamental and critical. Shanghai will be placing the emphasis on developing its manufacturing and modern service industries. The cooperation of transnational companies in fields such as environmental protection and energy efficiency was most welcome and appreciated. 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.

MSN Money: Shell Resumes Production at 'Mars' Platform

Shell Resumes Production at 'Mars' Platform

Associated Press

NEW ORLEANS (AP) – Shell Exploration & Production Co. said Monday that partial oil and natural gas production has been resumed from its hurricane-damaged Mars production platform in the Gulf of Mexico.

Although the company, a unit of Britain's Royal Dutch Shell PLC, did not say what initial production rates were, it said pre-Katrina rates of 140,000 barrels of oil a day and 150 million cubic feet of gas daily should be restored by the end of June. read more

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THE WALL STREET JOURNAL: Shell to Boost Presence In China's Chemical Sector

Shell to Boost Presence
In China’s Chemical Sector

By ARIES POON May 23, 2006NANHAI, China — Royal Dutch Shell PLC said it plans to step up its presence in the chemicals sector in China on the country’s strong demand for oil products.

Shell is in talks to acquire a stake in a 16.7-billion-yuan ($2.08 billion) refinery owned by China National Offshore Oil Corp. in Nanhai in the southern Guangdong province in China. Tan Ek Kia, Shell chemicals vice president for the Asia-Pacific region and the Middle East, declined to specify the size of the stake Shell wants to acquire.

Shell also plans to raise the capacity of its 50%-owned petrochemicals complex, which is near the Nanhai refinery and has an annual capacity of 2.3 million metric tons, Mr. Tan said, though he didn’t elaborate on the potential increase. 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: Shell in talks over stake in CNOOC Huizhou refinery

Reuters: Shell in talks over stake in CNOOC Huizhou refinery

Mon May 22, 2006

DAYA BAY, May 22 (Reuters) – Oil Royal Dutch Shell (RDSa.L: Quote, Profile, Research) said it was in talks with CNOOC over taking a stake in its 240,000 barrel-per-day Huizhou refinery in southern China, a company official told reporters on Monday.

Tan Ek Kia, vice president of ventures and developments at Shell Chemicals, declined to give the size of the potential stake or the timescale for discussions over the refinery that is expected to be completed by 2007/2008. 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.

MarketWatch: Shell won't pay Nigeria environmental damages pending appeal

MarketWatch: Shell won't pay Nigeria environmental damages pending appeal

May 22, 2006

By Spencer Swartz and Vincent Nwanma

Of DOW JONES NEWSWIRES

LONDON (MarketWatch) — Royal Dutch Shell (RDSA) isn't going to meet a Nigerian court-ordered deadline of Monday and pay $1.5 billion in environmental compensation damages to local communities because of the company's appeal on the long-simmering matter, a Shell spokesman in Nigeria said Sunday.

Anglo-Dutch Shell has appealed a decision handed down Friday by the Federal High Court in Port Harcourt, the main oil city in Nigeria, that ordered the company to pay money to ethnic Ijaw communities in the Niger Delta. 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 Express (India): NTPC says no to Shell LNG offer

Financial Express (India): NTPC says no to Shell LNG offer 

 

ANUPAMA AIRY

Posted online: Monday, May 22, 2006 at 0107 hours IST     

  

NEW DELHI, MAY 21:  National Thermal Power Corporation (NTPC) has turned down Shell’s offer to supply LNG at $10.41 per mmbtu for its power projects in Gujarat.

 

NTPC is currently procuring naphtha at $18.69 per mmbtu for fuelling some of its power projects.

 

Having failed to make much headway in convincing NTPC to buy its LNG, Shell has sought the power ministry’s intervention to make the state-owned power major see reason in buying LNG at $10.41 per mmbtu. Even the Prime Minister’s Office has asked NTPC to evaluate Shell’s offer. 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.

AME Info: Sustainability at the heart of Shell business

Sustainability at the heart of Shell business

Sustainable development is a crucial factor to consider when meeting the high growth in energy demand worldwide, delegates at the Britain in Kuwait Conference and Exhibition heard today in a presentation by Dr. Ken Taylor, Sustainable Development Advisor for Shell Exploration and Production and former Chairman of Kuwait Shell.

Building on the recently published 'Shell Sustainability Report 2005', Dr. Taylor said, 'For Shell, meeting the energy challenge means producing the extra energy needed for economic growth in environmentally and socially responsible ways.'

'This includes managing the environmental impact of oil and gas exploration and production as well as developing alternative energy resources and ensuring skills and knowledge transfer wherever we operate,' he added.

Recent developments in Kuwait include the provision of technical support in Kuwait's refineries to help improve reliability and energy efficiency, as well as using the latest Shell technology to improve air emissions by removing sulphur.

'Shell has many long-term partnerships with national oil companies, and our aim is to develop and expand these relationships by focusing on people development and protection of the environment as much as sound technology application and business practice,' Dr Taylor 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.

BLOOMBERG: Shell's Australian Refining Profit Surges on Margins (Update1)

BLOOMBERG: Shell's Australian Refining Profit Surges on Margins (Update1)

 

May 22 (Bloomberg) — Royal Dutch Shell Plc's Australian unit had refining and marketing profit jump more than sixfold last year because of enhanced plant reliability and gains in earnings from turning each barrel of crude oil into fuel.

 

Profit before interest and tax for the unit rose to A$300 million ($226 million) in the year ended Dec. 31, from A$43.5 million a year earlier, Shell Australia said today in a statement. Shell reduced the amount of imports needed to meet customer demand and its discount gasoline retail venture with Coles Myer Ltd. benefited from “strong customer support,'' said Russell Caplan, Shell Australia's chairman. 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: Saudi Arabia, Total Sign Deal for $5-Billion Refinery

Saudi Arabia, Total Sign
Deal for $5-Billion Refinery

By SPENCER SWARTZ and SIMEON KERRMay 21, 2006 6:55 a.m.

Saudi Arabia and French energy giant Total SA on Sunday signed a tentative deal to build a 400,000 barrel-a-day export-oriented refinery in the Persian Gulf city of Jubail, the kingdom's state-run oil company Saudi Aramco said.

Saudi Aramco and Total agreed to form a joint-venture company, with each company holding a 35% ownership stake, according to the memorandum of understanding signed by the companies.

The companies plan to offer up to a 30% stake in the project — scheduled to begin service in 2011 — to the Saudi public, Aramco 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.

The Observer: Brazil leads field in alternative fuel race

Brazil leads field in alternative fuel race

As use of ethanol fuel increases, George Bush is looking to his South American neighbour for lessons in energy self-sufficiency. Nick Mathiason reports

Sunday May 21, 2006
The Observer

Giant mechanical claws grab tonnes of sugar cane from huge, open-topped trailer trucks and place them on conveyor belts where they are crushed into juice. Here at the Costa Pinto refining plant an hour's drive from Sao Paulo begins the process which now powers half of Brazil's cars.

It is big business. Cosan, which owns the plant, is Brazil's biggest sugar refiner, publicly quoted and soon to list on Wall Street. It has 16 other facilities like Costa Pinto, producing a billion litres of ethanol and generating $200m. It is planning to accelerate production. 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 NEW YORK TIMES: Oil Prices Steady After Heavy Commodities Sell – Off

Oil Prices Steady After Heavy Commodities Sell – Off

By REUTERS
Published: May 21, 2006

Filed at 10:21 p.m. ET

Skip to next paragraph Reuters

SYDNEY (Reuters) – Oil prices steadied on Monday after shedding almost 5 percent last week as investors, spooked by inflation concerns, locked in profits on a broad range of commodities that had been trading around record highs.

U.S. crude (CLc1) was trading 16 cents higher at $68.69 a barrel by 0213 GMT, after falling 92 cents on Friday. London Brent crude (LCOc1) was up 15 cents at $68.83. 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.

Irish Times: Wiwa criticises Shell for offering 'peanuts' in return for Corrib deal

Wiwa criticises Shell for offering 'peanuts' in return for Corrib deal

Tom Shiel
Irish Times; May 22, 2006

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A quiet mountain road taken by hundreds of starving Famine victims during the spring of 1849 resembled a colourful, cosmopolitan boulevard as some 300 people participated in the annual Afri Famine Walk from Doolough to Louisburgh, Co Mayo, at the weekend. 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 Guardian: Shell protest focuses on EBRD

Shell protest focuses on EBRD
DAVID GOW
The Guardian – United Kingdom; May 22, 2006

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Green campaigners yesterday staged angry protests outside the annual meeting of the European Bank for Reconstruction and Development in London over plans to invest in the controversial $20bn (pounds 11bn) gas project on Sakhalin island off the east coast of Siberia. 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: Shell chief's statement was irresponsible

Shell chief's statement was irresponsibleBy Henrik Rasmussen

 

Published: May 22 2006 03:00 | Last updated: May 22 2006 03:00

From Mr Henrik Rasmussen.

Sir, Shell executive Jeroen van der Veer recently stated that oil companies have to accept increasingly nationalistic policies of countries such as Venezuela and Bolivia as a fact of life (“Energy landscape redesigned”, May 15). He went on to say that legal action to protect the property rights of oil companies is “counterproductive . . . good luck!” 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.