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Posts on ‘June 28th, 2006’

Royal Dutch Shell Plc .com: True North Buys 29 Shell Stations

From Associated Press

HOUSTON (AP) – Fuel wholesaler True North Energy LLC bought 29 Shell-branded retail stations and three supply contracts in the Columbus, Ohio, area, Shell Oil Products US said Wednesday.

Financial terms were not disclosed.

Shell said Toledo, Ohio-based True North Energy will keep the stations under the Shell brand. True North is a joint venture between Shell Oil Co. and The Lyden Co., a family run company that began as a bulk fuel delivery business. True North is Shell’s largest fuel wholesaler, and it will supply 335 million gallons annually to 230 Shell-branded stations in Ohio and Michigan after the deal. 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.

Royal Dutch Shell Plc .com: Shell Announces Strengthened Truenorth Assets

Royal Dutch Shell Plc .com: Shell Announces Strengthened Truenorth Assets; True North Energy to Acquire 29 Branded Locations in Columbus

From PRNewswire

    HOUSTON, June 28 /PRNewswire/ — Today, Shell Oil Products US (Shell),
the marketer of the no. 1 selling gasoline brand in America, announced that
its affiliate, True North Energy, LLC of Toledo, Ohio, was the successful
bidder for 29 Shell-branded locations and three supply contracts in the
Columbus area. Last fall, Shell had publicly stated its intent to sell
retail assets in 16 regions to better support its wholesale business and
move toward its vision of becoming the best fuels retailer in the world.
    This transaction means that Truenorth, Shell’s largest fuel wholesaler,
will now supply 335 million gallons annually to 230 Shell-branded locations
in Ohio and Michigan. Truenorth will continue to use the Shell brand at the
29 locations purchased, thereby better serving customers and maintaining
awareness of the Shell brand in the region. According to a confidentiality
agreement between the parties, the purchase price cannot be disclosed at
this time. 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.

Royal Dutch Shell Plc. com: Talks Fuel Speculation on Nova Scotia Gas Project

From Planet Ark

Reuters

CALGARY, Alberta – Speeches planned by the premier of Nova Scotia and his energy minister for later this week have fueled speculation that EnCana Corp.’s long-stalled Deep Panuke natural gas project may be revived.

Premier Rodney MacDonald and Energy Minister Bill Dooks are slated to speak at a breakfast meeting of the Offshore/Onshore Technologies Association in Halifax, Nova Scotia, on Friday, although a government official declined to say if the 1 trillion cubic foot gas field was on the agenda. 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.

Personal Finance: Shell ‘improperly used’ surplus pension money

January 28, 2006
By Bruce Cameron and Charlene Clayton

A ruling against oil company Shell may force many trustees to reassess whether their funds are in surplus or whether surpluses have been understated.

In the first ruling of its kind, a tribunal appointed by the Registrar of Pension Funds has found that the Southern African arm of petroleum giant Shell should repay millions of rands to its staff defined benefit pension fund.

The ruling is based on what a 2001 amendment to the Pension Funds Act on the distribution of pension fund surpluses defines as the improper use of pension fund surpluses by employers. The ruling was made even though the “improper” use of the money occurred before the promulgation of the legislation and the practice was not illegal at the time. 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.

Royal Dutch Shell Plc .com: Nigerian oil dispute flares into full-scale revolt

The Scotsman
From Reuters
By Tom Ashby

KEGBARA-DERE, Nigeria (Reuters) – Crude oil seeping from a gnarled steel wellhead forms a lake the size of a soccer pitch near the Nigerian village of Kegbara-Dere, but these oilfields have not exported a drop in 13 years.

The Ogoni tribe kicked Royal Dutch Shell out of this part of the Niger Delta in 1993 protesting that they had received nothing in return for four decades of oil production. Today, the same grievances are fuelling a revolt across the entire oil heartland of Africa’s largest producer. 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.

Royal Dutch Shell Plc .com: Lessons from Katrina

From Macon.com:

Lessons from Katrina, Rita foster changes by energy businesses

By Kevin G. Hall
McClatchy Newspapers

DEER PARK, Texas – With weather forecasters expecting an “above-average” hurricane season, government regulators and major players in the energy sector hope errors made last year during Hurricanes Katrina and Rita won’t be repeated.

Mistakes and mechanical failures coupled with last year’s unprecedented back-to-back severe storms disrupted U.S. oil production and gasoline distribution and sent global oil prices soaring past $70 a barrel and gasoline above $3 a gallon. Natural gas prices also doubled. 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.

Royal Dutch Shell Plc .com: Saudi says crude is flowing freely

From The Houston Chronicle
June 28, 2006, 12:01AM
U.S. ARAB ECONOMIC FORUM
Saudi says crude is flowing freely
Prince calls lack of refining capacity the real problem

By LYNN J. COOK and BILL HENSEL JR.
Copyright 2006 Houston Chronicle

Saudi Arabian crude is stranded in tankers on the high seas, circling the globe in a desperate search for buyers, according to the kingdom’s ambassador to the U.S., Prince Turki al-Faisal.

The ambassador told an audience at the U.S.-Arab Economic Forum held at the George R. Brown Convention Center on Tuesday that 350,000 barrels of heavy crude oil have been lifted from the ground but cannot be sold because the world lacks the refining capacity to turn it into useful fuels like gasoline or diesel. 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.

Royal Dutch Shell Plc .com: Pipeline group hoping to make Shell deal an election issue

From Ireland-Online

Opponents of the Corrib gas pipeline in north Co Mayo are staging a protest outside the Dáil in Dublin today.

The demonstration has been mounted as part of the Shell to Sea group’s campaign to highlight what they say is the Government’s “effective handover of Ireland’s natural resources” to the global oil firm, adding the Government has allowed Shell to exploit the Corrib natural gas field without paying any royalties to the Irish State.

Shell to Sea is hoping the matter becomes an election issue. 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.

Royal Dutch Shell Plc .com: Got gas price fury? Talk to your local Shell CEO

FROM REUTERS

HOUSTON (Reuters) – Furious about gas prices? Watch for a friendly oil executive coming to a town near you.

Top executives at oil giant Shell (RDSa.L: Quote, Profile, Research) have begun a 50-city tour across the United States this summer in hopes of persuading angry consumers that Big Oil is not ripping them off.

The move is the first such effort in the company’s history, as major oil firms try to dampen a U.S. political firestorm over soaring gasoline prices and record earnings for the companies that sell fuel products. 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.

Royal Dutch Shell Plc .com: Watchdog fines fall by a fifth

From The Daily Telegraph:
By James Quinn (Filed: 28/06/2006)

The value of fines imposed by the Financial Services Authority fell by 22pc in the year to March 2006.

Fines levied in the year by the City watchdog amounted to £17.4m, the bulk of which related to a near-£14m fine paid by Citigroup Global Markets, according to the FSA’s annual report.

In the previous year, the FSA imposed £22.2m of fines including £17m against Shell Transport and Trading.

Two weeks ago FSA chief executive John Tiner outlined his intention to regulate firms using a series of principles as well as strict rules. 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.

Royal Dutch Shell Plc .com: Chambers’ chief hits out at Shell protesters

From The Irish Independent
By Teresa O’Malley

THE irrational stance of a small group of protesters is hampering the Shell gas developments for the country, according to the chief executive of Chambers Ireland, John Dunne.

Mr Dunne was speaking at the weekend in Mullingar, at Chambers Ireland annual regional policy conference.

One of the contributors to the conference was External Affairs manager for Shell Ireland, John Egan.

He outlined the project and its potential impact in re-defining regional economies and said that the company was sorry about the jailing of five Rossport men last year, as was stated by the company earlier this year. 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.

Royal Dutch Shell Plc .com: …energy independence is “naive”: Shell President John Hofmeister

At US-Arab economic forum, energy execs say energy independence is “naive”

By: STEVE QUINN
Associated Press
Published: Jun 27, 2006

Becoming energy independent is “naive” and would harm U.S. relations with Arab countries, energy executives told world and business leaders at a forum designed to improve those nations’ ties.

Executives from Exxon Mobil Corp., Chevron Corp., ConocoPhillips Co., Marathon Oil Co. and Shell Oil Co. took the stage at the U.S. Arab Economic Forum on Tuesday, the forum’s second day, and spoke out against the idea advanced by lawmakers that the United States is being crippled by its dependence on foreign oil. 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.