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Posts on ‘May 29th, 2006’

Sydney Morning Herald: Anglo signs Shell to Latrobe brown coal project

By Barry FitzGerald
May 30, 2006

PROSPECTS for the vast brown coal resources in Victoria’s Latrobe Valley to host a $5 billion synthetic diesel and electricity project have soared.

Anglo-Dutch oil major Shell has thrown its money and technology behind the project, the Monash energy project near Traralgon, in a global alliance with the project promoter, South Africa’s Anglo American.

Shell and Anglo have formed the alliance to pursue “clean” coal conversion energy opportunities and have nominated the Monash project as their leading candidate. 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: Petrobras, Shell to lose Bolivia gas stations — report

Last Update: 10:49 AM ET May 29, 2006

RIO DE JANEIRO (MarketWatch) — Brazil’s state-run oil firm Petroleo Brasileiro SA (PBR), or Petrobras, Royal Dutch Shell (RDSB.LN), and other private firms within a month will have to turn over their Bolivian gas station network to state-energy firm Yacimientos Petroliferas Fiscales Bolivianos, or YPFB, the Estado newswire said Monday.

Petrobras owns about 25% of Bolivia’s gas stations.

The transfer of the fuel distribution business also hits the companies Copenac, Pisco, Refipet, and Pexim, the newswire 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 Guardian: China invites oil firms to join invasion of Tibet

Terry Macalister
Tuesday May 30, 2006

The Chinese government is to woo foreign companies such as BP and Shell to explore for oil in Tibet.

The controversial move follows a failure by the partly state-owned PetroChina to realise Beijing’s hopes that the disputed land could quickly become a major source of fuel for energy-starved China.

PetroChina is to oversee the opening up of 10 exploration blocks for foreign participation in the Qiantang basin, in the far north of Tibet. The company has asked its Daqing Oilfield subsidiary to prepare a package of data and bidding documents that it will present to foreign oil companies in the second half of this year. 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: International companies: Big profits and big troubles

By Thomas Catan
Published: May 29 2006 13:34 | Last updated: May 29 2006 13:34

Amid soaring energy prices, international oil companies are making unprecedented profits.
 
ExxonMobil posted the largest annual profit in corporate history this year. BP, Royal Dutch Shell and the other “supermajors” are having a difficult time working out what to do with the money.

Over the past two years, the largest oil companies have returned well over $120bn to shareholders through dividends and share buybacks. Exxon alone is returning more than $2bn to investors each month. 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: Arcelor merges with Russian steel group in final snub to Mittal’s €25bn bid

David Gow in Brussels
Saturday May 27, 2006
The Guardian

Arcelor, the pan-European steel group, yesterday torpedoed Mittal’s latest hostile takeover bid by buying Russia’s Severstal in an agreed 13bn euro (£8.8bn) deal designed to create an “unrivalled global champion” out of reach of its Indian-owned predator. The friendly transaction will see Alexei Mordashov, who owns 89% of Severstal, take 32% of the new group and, potentially, become its chief executive and even owner within a few years. 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.

Monsters and Critics.com: Industry divided on energy from coal


ST. LOUIS, MO, United States (UPI) — U.S. energy industry leaders are divided on the best way to produce energy from coal — with some providers showing reluctance to adopt cleaner technology.

U.S. coal reserves could last at least 200 years at the current rate of energy consumption, but coal is largely responsible for increases in global warming, The New York Times reported.

A 500-megawatt coal-fired electricity plant that generates enough power for 500,000 homes annually produces roughly the same emissions as 750,000 cars, Royal Dutch Shell estimates. 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: Petrobras, Shell to lose Bolivia gas stations — report


  

May 29, 2006
 

RIO DE JANEIRO (MarketWatch) — Brazil’s state-run oil firm Petroleo Brasileiro SA (PBR), or Petrobras, Royal Dutch Shell (RDSB.LN), and other private firms within a month will have to turn over their Bolivian gas station network to state-energy firm Yacimientos Petroliferas Fiscales Bolivianos, or YPFB, the Estado newswire said Monday.
 

Petrobras owns about 25% of Bolivia’s gas stations.
 

The transfer of the fuel distribution business also hits the companies Copenac, Pisco, Refipet, and Pexim, the newswire 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.