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Posts on ‘June 9th, 2006’

Yahoo! Asia News: Gazprom sees Shell deal delayed beyond 2006

AMSTERDAM, June 8 (Reuters) – Russia’s Gazprom and Royal Dutch Shell have delayed a major asset swap deal beyond 2006 after Shell reported a huge cost overrun on its Sakhalin project last year, Gazprom said on Thursday.

“The capital costs for Sakhalin-2 are rising and negotiations might take longer than expected,” Gazprom’s export chief Alexander Medvedev told a news conference.

“It is important for the Russian government to understand the concequences well. I think it will take a lot more time than the end of the year,” he added. Last year Shell doubled its cost estimates for Sakhalin-2 to $20 billion. 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 shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

BrandRepublic: Shell to tour US

Ted McKenna PR Week USA 8 Jun 2006 22:25

HOUSTON: Shell Oil Co. over the next two years will send its senior leaders on a 50-city “tour” to inform the public about the complexities of the gasoline market. The effort kicks off on June 16 in Dallas.

Shell’s in-house PR staff will arrange for President John Hofmeister and other Shell executives to do one-on-one and group meetings, receptions, speeches, and other events with local chambers of commerce, rotary clubs, educational institutions, media members, environmental groups, government officials, Shell employees themselves, and others. 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 shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

Seattle Post-Intelligencer: UW board approves 7% tuition increase (UW intends to divest Shell shares)

State resident undergraduates to pay nearly $6,000

By CHRISTINE FREY
P-I REPORTER

The University of Washington Board of Regents approved a $2.85 billion operating budget for the 2007 fiscal year Thursday that includes a 7 percent increase in undergraduate tuition.

Washington residents who attend the university this fall will pay $5,988 in undergraduate tuition and fees.

In-state graduate students will also pay more. Their tuition will increase from about 7 percent to 17 percent, depending upon the program. 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 shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

The Washington Post: Stilling the Qualms Before the Storms

Still Feeling the Force of Katrina and Facing Another Hurricane Season, Big Oil Takes New Precautions

By Steven Mufson
Washington Post Staff Writer
Friday, June 9, 2006; Page D01

Shell Oil Co.’s “Mars” platform in the Gulf of Mexico had been through hurricanes, but nothing had prepared it for Hurricane Katrina last year. For four hours, the platform was lashed by 175 mile-per-hour winds and slapped by 80-foot waves. The platform’s tall drilling rig, which looks like a bad copy of the Eiffel Tower, toppled over, and the rig’s 1,000-ton substructure was ripped free, lifted into the air and dropped onto the platform. 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 shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

kommersant.com (Russia): Ukraine Teams Up with Shell against Russia

June 09, 2006

Shell Exploration has entered into an agreement with NAK Naftogaz Ukrainy subsidiary, Ukrgazdobycha, to produce oil and gas at the fields of Dnepr and Donetsk basin. In Ukrainian government, they hope this cooperation will reduce dependency on Russia. But Shell could have just set stakes in Ukraine and will hardly proceed to exact production in the nearest future.

Ukrgazdobycha General Director Ilya Rybchich and Shell Exploration Vice President Rien Herber sealed an oil/gas cooperation agreement in The Hague Thursday, June 8, 2006. “First time over 15 years of our independence, a leading world company, Shell, sets foot on the soil of Ukraine,” Ukrainian President Viktor Yushchenko, who attended the signing, said emphasizing the negotiations lasted for eight years. 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 shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

IPE.com: Shell may pool international pension assets

IPE.com 8/Jun/06: NETHERLANDS – Oil giant Shell is looking at pooling the assets of some of its main international pension funds under the Netherlands’ new tax-transparent asset pooling vehicle ‘Fonds voor Gemene Rekening’.

“Holland is for us the preferred place of choice for combining our pension assets,” the Dutch daily Het Financieele Dagblad quoted Peter Wit, operational and financial director of Shell Asset Management Company, Samco, as saying.

“The Finance Ministry has woken up after the exodus of investment funds, and is on the right track in offering the opportunity for asset pooling of pension funds, which are already being offered by Luxembourg and Ireland,” Wit said. 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 shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

The WALL STREET JOURNAL: Oil News Roundup: Friday June 9, 2006: ZARQAWI’S EFFECT ON OIL:

Oil prices tumbled in early trading after the death of Iraqi insurgent leader Abu Musab Zarqawi. But crude recovered most of its losses and ended trading on the New York Mercantile Exchange at more than $70 a barrel. Here is Thursday’s roundup of oil and energy news.

* * *
ZARQAWI’S EFFECT ON OIL: One reason oil prices eventually stabilized: Many traders realized soon enough that the welcome end of one menace in Iraq didn’t mean crude oil was suddenly free to gush from Iraq’s pipes. Sectarian and insurgent violence won’t end tomorrow. Iraq’s oil infrastructure, meanwhile, was in awful shape after decades of neglect even before Saddam fell in 2003, and there hasn’t been time or security enough to rebuild it yet. “The end of Zarqawi will not be the end of threats to oil exports in Iraq,” said Mustafa Alani, an Iraq expert at the Gulf Research Council in Dubai. Meanwhile, oil’s early declines might have had at least as much to do with global economic jitters and stock selloffs as with the death of Mr. Zarqawi. 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 shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

THE WALL STREET JOURNAL: Nigerian Militants Free Hostages

Associated Press
June 8, 2006 7:37 p.m.

PORT HARCOURT, Nigeria — Nigerian militants released six hostages Thursday — five South Koreans and one Nigerian — liberating them at the request of a jailed militant leader whose freedom they had demanded in exchange.

The hostages were seen arriving by car at the office of the regional governor in the southern oil hub of Port Harcourt late Thursday, a day after they were kidnapped from a Shell gas plant as part of a violent raid in Nigeria’s oil-rich delta. There they were handed over to their employers, said Rivers state attorney general, Odein Ajumogobia. 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 shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

Expansion: Shell appoints new head of Spanish operations (Shell: Agustin Llana, nuevo presidente de la filial espanola)

Agusti Llana has been appointed as the new head of the Anglo-Dutch oil group Shell for the Spanish market. Mr Llana is currently the Spanish subsidiary’s director of gas, electricity and renewable energy operations. He will also manage the group’s operations in Portugal and Gibraltar.

Last year, Shell scaled down its operations in the Spanish market, where it sold its petrol station network to Spanish group Disa Distribucion Petrolifera.

Abstracted from Expansion

shellplc.website 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.

AFX Europe (Focus): Royal Dutch Shell signs joint exploration venture in Ukraine

June 08, 2006
 
LONDON (AFX) – Anglo-Dutch oil giant Royal Dutch Shell PLC has signed a wide-ranging oil and gas exploration joint activity agreement with Ukrainian group Ukrgazvydobuvannya (UGV).

The agreement — which covers licences, agreed work programme levels and the terms of joint activities — was signed at Royal Dutch Shell’s headquarters in The Hague and was attended by Ukraine’s President, Viktor Yuschenko.

The venture is another milestone for Shell Exploration and Production after an agreement in May last year to carry out joint studies in the Dniepr Donets Basin, central-eastern Ukraine. 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 shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

THE NEW YORK TIMES: Militants in Nigeria Release 6 Hostages

By THE ASSOCIATED PRESS
Published: June 8, 2006
Filed at 8:36 p.m. ET

PORT HARCOURT, Nigeria (AP) — Militants freed one Nigerian and five South Korean oil field workers Thursday, letting the hostages go at the request of a jailed rebel leader.

The workers arrived by car at the office of the regional governor in the southern oil hub of Port Harcourt late Thursday, a day after gunmen kidnapped them from a natural gas plant during the latest attack on the African nation’s oil industry.

The Movement for the Emancipation of the Niger Delta first said they would free the hostages only if the government released Mujahid Dokubo-Asari, a prominent militant jailed last year on treason charges. 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 shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

BBC Monitoring Service: Shell to invest at least 100m dollars in Ukrainian oil fields

Ukrhazvydobuvannya, which is a subsidiary of the Naftohaz Ukrayiny national oil and gas company, and Shell have signed an agreement on the development of oil and gas fields in Ukraine, Interfax-Ukraine reported on 8 June, quoting the press service of Ukrainian President Viktor Yushchenko.

According to the document, which was signed during a meeting between Yushchenko and Shell representatives in the Hague, Shell will invest 100m dollars in the project at the first stage, the agency said.

“We are interested in Shell’s serious presence in Ukraine,” Interfax-Ukraine has quoted Yushchenko as saying. 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 shell2004.com are owned by John Donovan. There is also a Wikipedia feature.