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In Spain, shareholders in an oil refinery in the Spanish autonomous region of Extremadura approve a rights issue and formed the board of directors of the company responsible for the project, Refineria Balboa. Spanish entrepreneur Alfonso Gallardo has a 47 per cent stake in the firm, while Sociedad de Fomento Industrial de Extremadura has a 20 per cent stake. The remaining 33 per cent is owned by leading Spanish electricity group Iberdrola and leading Spanish bank Banco Bilbao Vizcaya Argentaria (BBVA) and savings bank Caja Madrid (10 per cent each) and Corporacion Empresarial de Caja Extremadura (3 per cent). read more
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Shell to Sea says poll findings support its campaign |
Lorna Siggins, Marine Correspondent
Irish Times; May 23, 200 |
Political and business interests advocating progress on the current plans for Corrib Shell gas project are in the “minority” as a result of yesterday’s Irish Times /tns mrbi opinion poll findings, the Shell to Sea campaign has said.
The poll’s findings on the Corrib gas onshore pipeline give “the lie” to the claim that opponents of the high pressure onshore pipeline are in the minority, Dr Mark Garavan, Shell to Sea campaign spokesman, said yesterday. Shell E&P Ireland said it was “pleased that the majority of those surveyed want the Corrib project to go ahead”.
The poll conducted by The Irish Times / tns mrbi nationally early last week focused on the pipeline, rather than the entire project. It asked if the pipeline should go ahead on its current planned route, should be re-routed or should be scrapped. Only 20 per cent felt it should proceed on its planned route through Rossport to the onshore terminal at Bellanaboy in north Mayo; 44 per cent said it should take a different route, while 17 per cent said it should be scrapped. Dr Garavan said that in Connacht, “63 per cent support a reconfiguring of the project”.
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Shell pledges to cooperate with Nigeria efforts to end row with Ogoniland |
AFX Europe (Focus); May 23, 2006 |
LAGOS (AFX) – Royal Dutch Shell has pledged to cooperate with a government’s peace initiative to resolve its age-long row with Nigeria’s troubled Ogoniland.
Community unrest forced Shell to quit Ogoniland, where it had many oil wells, in 1993. Shell is Nigeria’s major operator, accounting for around half of the west African country’s daily output of 2.6 mln barrels.
President Olusegun Obasanjo last year set up a panel to reconcile Shell and the community.
“As a party to the reconciliation process, we commit to play our part to ensure the success of the peace initiative and as Mr President put it, ‘lay the foundation for genuine reconciliation in Ogoniland’,” Shell said in a statement here.
The Ogoni people, through the Movement for the Survival of Ogoni People (MOSOP), have been seeking local control of Nigeria’s oil wealth as well as compensation for exploration activities in their region.
Ogoniland is at the heart of the Niger Delta, home to Nigeria’s multi-billion-dollar oil and gas industry. The region is also the centre of ethnic and militant unrest as a result of environmental neglect and degradation.
[email protected]
afp/cml
COPYRIGHT Copyright AFX News Limited 2005.
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Shell Canada's Mather sees consolidation
Tue May 23, 2006 3:36 PM EDT
NEW YORK (Reuters) – Shell Canada Ltd. (SHC.TO: Quote) Chief Executive Clive Mather said on Tuesday he expects further consolidation among Canada's heavy oil industry and that his company will be among the buyers.
Mather earlier this month agreed to pay C$2.4 billion ($2.2 billion) for BlackRock Ventures Inc., a small Canadian heavy oil and oil sands company. He told the Reuters Global Energy Summit in New York that more deals in the sector will soon emerge. 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
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Shell Exec: Oil Cos. Follow the Markets
By THE ASSOCIATED PRESS
Published: May 23, 2006
Filed at 10:00 a.m. ETAn oil company executive says there’s not much oil companies can do about skyrocketing gasoline prices.
John Hofmeister, president of Shell Oil Company, tells NBC’s ”Today” show that lowering the wholesale price arbitrarily could cause a run on gasoline, which could then run out.
He says the markets set prices and the oil companies follow the markets.
His comments come as the head of the Federal Trade Commission prepares for some tough questioning today on Capitol Hill about price gouging.
Deborah Platt Majoras goes before the Senate Commerce Committee a day after the agency said it found only a few cases of gasoline price gouging after Hurricane Katrina. 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
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