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Posts on ‘March 18th, 2007’

Forbes / AFX News Limited: Shell makes new approach to develop Shtokman field – report

03.18.07, 2:35 PM ET

LONDON (AFX) – Royal Dutch Shell has made another attempt to participate in developing the 40 bln usd Shtokman gas field in the Russian Barents Sea, one of the world’s largest energy projects, weekly magazine the Business reported without citing sources.

The magazine understands that Shell made contact with Gazprom earlier this year, when the Russian group began scouting once again for international partners to help develop the field.

Gazprom in September 2005 made a shortlist of five Western energy groups to partner with on the field — ConocoPhillips (nyse: COP – news – people ), Chevron (nyse: CVX – news – people ), Total, Statoil (nyse: STO – news – people ) and Norsk Hydro (nyse: NHY – news – people ), but not Shell — but later that year decided to operate alone. In January, though, it sent letters to the same five companies inviting them to restart negotiations. 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.

Edmonton Sun (Alberta, Canada): Royal Dutch buys more of Shell

Sun, March 18, 2007
By CP

CALGARY — European oil giant Royal Dutch Shell PLC has acquired another 97 million shares of its Shell Canada Ltd. (TSX:SHC) subsidiary and is on the road to taking its Canadian unit private under an $8.7 billion Cdn bid announced in January.

Royal Dutch, which already holds 78% of Shell Canada, announced early yesterday that just under 97 million shares were tendered to its $45 Cdn a share offer. That amounted to about 53% of Shell Canada’s minority stake, meeting a key condition of the privatization bid. 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: Shell’s Safety Problem: ‘I am suspicious of you Mr. Donovan…’

Article published March 15, 2007, 5:56 pm:

Comment section updated Sunday 18 March 2007 – forthright exchange between Bill Freeman, former “Environmental Engineering guru for Shell in America for 11 years”, and John Donovan. Latest exchange highlighted in bold print.

THE ARTICLE

BP has been criticized for its safety standards since the deadly Texas City refinery explosion in 2005. But Royal Dutch Shell was a far more dangerous company to work for in the past two years.

Thirty-seven Shell employees and contractors died last year, the company reported in its annual filing with the SEC yesterday, compared with just seven BP employees. In 2005, 36 Shell employees died, compared with 27 BP employees. BP had about 97,000 employees at the end of 2006, compared with 108,000 for Shell. 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 Sunday Telegraph: How to get gilt-edged returns on the stock market

Business comment
By Dan Roberts, Business Editor, Sunday Telegraph
Last Updated: 12:28am GMT 18/03/2007

When Gordon Brown stands up in the Commons on Budget day, we all need a little something to keep us going during his relentless blizzard of billions. So here is a distracting factoid to squirrel away for that moment when you feel your ears begin to bleed on Wednesday.

Some bright chaps at Cazenove have worked out that you can get paid as much for owning shares in Britain’s biggest companies as you can for lending your money to Brown. In other words, dividend payments from the 10 largest FTSE100 companies are this year expected to yield almost exactly the same return (4.5 per cent) as 10-year government debt. 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.
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