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Posts on ‘March 28th, 2007’

Financial Times: Van der Veer extends Shell tenure

By Ed Crooks in London
Published: March 28 2007 14:10 | Last updated: March 28 2007 22:04

Jeroen van der Veer, chief executive of Royal Dutch Shell, will stay in office a year longer than had been planned and step down in June 2009, the company said.

Mr Van der Veer, who took over in 2004 as the company was reeling from a reserves misreporting scandal, had intended to leave in June next year, when he will be 60. But the company said he agreed with the board that a year later would be “an appropriate period for the succession”. 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: Reforming Shell’s culture

Published: March 29 2007

Lord Browne must be envious. When he announced that he would leave the helm of BP earlier than expected, the oil major’s market capitalisation jumped by almost £2bn. On Wednesday, when his counterpart at Royal Dutch Shell, Jeroen Van der Veer, said he would, in contrast, stay on a bit longer, shares in BP’s arch rival rose.

To be fair, the latter had more to do with an oil price spike. Mr Van der Veer turns 60 in October, so he would normally retire in June 2008. He will leave 12 months later instead, so the extension is pretty small. Still, it is a measure of how far Shell has come from the dark days of 2004 that investors can take any tinkering with governance in their stride. After all, Mr Van der Veer was tasked with rebuilding trust in Shell after a reserves scandal that lifted the lid on a decrepit corporate culture. 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.

Times Online Comment: Beachcombing

March 28, 2007
Steve Hawkes

Jeroen van der Veer took over a poisoned chalice in 2004 when he stepped into the breach at Royal Dutch Shell.

Since then he has done all that could have been expected of him.

He has restored the group’s reputation and positioned it for growth.

His problem is the legacy of the reserves scandal that led to his elevation in the first place.

Shell simply needs to find more oil and gas around the world, or risk falling behind its fierce rivals BP and Exxon.

Malcolm Brinded is the clear favourite to take over in 2009, but mainly because there is no apparent alternative. 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.

Houston Chronicle: Regulators Clear Sale of Shell Assets

March 28, 2007
© 2007 The Associated Press

WASHINGTON — Federal antitrust regulators have cleared the sale of a Los Angeles-area oil refinery and 250 retail sites in Southern California by a division of Royal Dutch Shell PLC to independent oil company Tesoro Corp.

According to a notice issued by the Federal Trade Commission, the government has completed its investigation of the sale and ended a waiting period on the transaction.

Tesoro and Shell Oil Products USA announced the sale, valued at $1.63 billion, Jan. 29. In addition to the refinery and stores, Tesoro will acquire an oil storage terminal. 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.

WorldEnergySource.com: From Russia with Oil

By Robert A. Mosbacher Sr., Chairman
Mosbacher Energy Company
and Kiril Stefan Alexandrov, Executive Director
U.S.-Russian Investment Symposium

This Symposium is helping American leaders in government, business and education learn more about the Russian business environment and encouraging partnerships between American and Russian businesses. Your efforts not only are strengthening our countries’ relationship but also are injecting new vitality into the global economy.

(President George W. Bush in his letter to the seventh U.S.-Russian Investment Symposium, November 10, 2003) read more

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London Evening Standard: Next Shell chief could be female

Jeroen van der Veer

(STEPPING ASIDE: 59-year-old van der Veer will retire in June 2009)

Robert Lea,
28 March 2007

Britain’s biggest company could get a female chief executive after the boss of Shell today announced plans to quit. 

The £125bn oil supermajor today sounded the starting gun for a succession battle to see who will take over from chief executive Jeroen van der Veer.

Just weeks after arch-rival BP settled its own damaging succession – Tony Hayward, 49, is replacing Lord Browne – Shell said today that 59-year-old van der Veer will retire in June 2009. 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 Post: Consortium’s drilling plans hit by delays

F

rom page P1
Financial Post [email protected]
Exxon Mobil Corp., one of the well’s partners, said it is redeploying the rig, the Eirik Raude, to the Gulf of Mexico to drill one of its own prospects.
The consortium, which also includes Imperial Oil Ltd. and Shell Canada Ltd., had planned to drill two more wells this year in the Orphan Basin, an uncharted area estimated to contain between six and eight billion barrels of oil.
But drilling of Great Barasway, which started last August, took twice as long as expected.
The well, drilled in nearly 2,400 metres of water and aiming for a total depth of about 7,200 metres, was supposed to be finished before Christmas.
Instead, it’s only now wrapping up, partly due to a flurry of mechanical problems at the rig, including a leak that required it to be moved to Marystown for repairs.
The delay boosted the cost of the well to US$200-million, industry sources said yesterday, from an earlier US$140-million estimate, which itself would have been a Canadian record.
The Eirik Raude, one of the world’s largest rigs specializing in deep-water drilling, costs about US$1.5-million a day.
“Our experience reinforces the high-risk, high-cost nature of exploration in that area,” said ExxonMobil spokesman Alan Jeffers. “It really does require high levels of technical and financial capability to explore for and produce in those harsh environments.”A spokesman for Chevron, the lead partner with a 50% stake, said the well is a “tight hole” and wouldn’t reveal whether it found oil. The company also wouldn’t reveal the well’s costs, saying the information is proprietary.
Drilling in the basin may resume in 2008 or 2009, but there are no firm plans at this point.
“We are optimistic and hopeful that we will get to do more exploration work in the Orphan Basin, but now we need to sort out some things in terms of [finding] a rig and when,” said Chevron spokesman Dave Pommer.
Last fall, a Shell Canada executive said a single well could not tell the whole story of the basin, but also that Great Barasway would either be encouraging or discouraging.
The prospect is 390 kilometres northeast of St. John’s and 250 kilometres north of the Hibernia oil project. It is so remote it can only be reached by long-range helicopters.
The delay means there won’t be any more exploration drilling in Newfoundland’s offshore this year.
ConocoPhillips, which was expected to explore in the Laurentian Basin, postponed its plans until next year because it was unable to line up a rig, of which there is a shortage worldwide. Husky Energy Inc. isn’t drilling an exploratory well in the Jeanne d’Arc basin this year, as had been speculated.
In addition, the sector recently lost the development of Hibernia South, which would have extended the life of the Hibernia field, and Hebron Ben Nevis, a new heavy-oil development. The projects are on hold following disagreements between some of the same oil companies and the provincial government.
“The mood is pretty negative,” said Paul Barnes, spokesman for the Canadian Association of Petroleum Producers in St. John’s. “It’s a year since Hebron failed to go ahead, and it’s a few months since Hibernia South didn’t get approved. And coupled with that we have a [proposed] energy plan, and a lot of people are concerned about what that may contain.”
The plan is expected to be released this spring and involve higher royalties and greater provincial control over the industry.
Mr. Barnes said exploration plans are being pushed back because of the availability of rigs, not the investment climate in Newfoundland.
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.

Calgary Herald: Shell charged with losing toxic tools

28 March 2007

Anglo-Dutch oil giant Shell in Nigeria on Tuesday confirmed the federal government had charged it with the alleged loss of some “radioactive tools” belonging to one of its contractors.

And it denied reports that it had been involved in any dumping of toxic waste in Nigeria.

The company said in a statement it was “aware that the federal government has filed some charges at the Federal High Court in Abuja against SPDC and some other corporate organizations.”

Shell is officially known as the Shell Petroleum Development Corp. (SPDC). 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 Journal: Shell probes public on new refinery

Environmental concerns raised over Sarnia location

The Canadian Press
TORONTO

Weeks after Ontario was engulfed in a gasoline shortage of epic proportions, Shell Canada is asking the public whether it would support construction of a new Sarnia-area oil refinery.

The company is to hold an open house Wednesday afternoon at a hotel in Wallaceburg, Ont., north of Chatham, to outline plans for a multibillion dollar refinery that would process heavy crude oil from Alberta.

The facility would be built alongside Shell’s existing refinery in St. Clair Township, said Leigh Anne Richardson, a spokesperson for Shell Canada. 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.

San Antonio Express-News: FTC clears Tesoro to buy refinery, outlets from Royal Dutch Shell

Business Briefs
Web Posted: 03/28/2007 12:56 AM CDT

San Antonio-based refiner Tesoro Corp. on Tuesday got the go-ahead from the Federal Trade Commission to proceed with its $1.63 billion purchase of a refinery near Los Angeles, along with 250 retail stations from Royal Dutch Shell.

Tesoro still must get approval from the California attorney general, Tesoro spokeswoman Natalie Silva said.

Also, as announced earlier, Tesoro will not complete the purchase of the refinery until regular maintenance on the plant is finished, Silva said. Also Tuesday, the FTC gave Tesoro antitrust clearance on its $277 million purchase of 140 USA Petroleum retail stations, most of them in California, along with a terminal in New Mexico. Tesoro announced the Shell and the USA Petroleum deals Jan. 29.When completed, the acquisitions would make Tesoro the second-largest refiner on the West Coast after Chevron Corp. and would give the company its first retail presence in the vast California market. 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 Mirror: YOUR money: BIZ BUREAU – BIZ NEWS

Published: Mar 28, 2007

SHELL Livewire is looking for Britain’s Young Entrepreneur Of The Year. The awards are open to all budding Bransons, aged 16-30, whose businesses will have been trading for between three and 18 months on March 31, 2007.

Nominations are welcome from friends, family, business advisers and mentors. Entries, which need to be submitted by March 31, are via an online application form at www.shell-livewire.org/ win10k along with full entry details.

Winners of regional heats will compete for the UK title in June and the chance to win the top prize of pounds 10,000.
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.

AFX Asia (Focus): Shell Nigeria denies charges it lost radioactive materials

Published: Mar 28, 2007

LAGOS (AFX) – Anglo-Dutch oil giant Royal Dutch Shell in Nigeria on Tuesday confirmed that the federal government had charged it with the alleged loss of some “radioactive tools” belonging to one of its contractors.

It also denied reports that it had been involved in any dumping of toxic waste in Nigeria.

The company said in a statement that it was “aware that the federal government has filed some charges at the Federal High Court in Abuja against SPDC and some other corporate organisations.” 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.

Times Online: Race starts for a new Shell chief executive

EXTRACT: He took over three years ago when Sir Philip Watts, his controversial predecessor, was forced to quit after the reserves scandal that turned Royal Dutch Shell into a City laughing stock.

March 28, 2007
Steve Hawkes

The UK oil giant said that Jeroen van der Veer will leave in two years. He was expected to retire in 2008

Jeroen van der Veer will step down as chief executive of Royal Dutch Shell in two years’ time, the Anglo-Dutch oil giant announced today.

The group said that the 59-year-old had agreed to extend his present contract by one year but would bow out on June 30, 2009. 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.

Houston Chronicle: Breezing in from Europe: ELECTRICITY

Tom Fowler, Houston Chronicle – Texas – KRTBN
Published: Mar 28, 2007

Less than two years after Houston-based Horizon Wind Energy was purchased by Goldman Sachs, the wind power developer will be sold to Portugal’s largest utility for $2.2 billion.

Energias de Portugal, a utility with nearly 7 million customers in Portugal and Spain, announced its successful bid for the firm on Tuesday.

EDP said it will invest an additional $600 million in existing wind power projects as part of the deal and assume about $180 million in debt, bringing the total deal value to nearly $3 billion. 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.

RIA Novosti: Russia launches probe into ExxonMobil-led project in Far East

12:27 | 28/ 03/ 2007 

MOSCOW, March 28 (RIA Novosti) – Russia’s environmental watchdog launched a probe Wednesday into alleged environmental violations at the Sakhalin I hydrocarbon project off Russia’s Pacific Coast, which is run by U.S. giant ExxonMobil, a Rosprirodnadzor deputy head said.

Oleg Mitvol said the Federal Agency for the Oversight of Natural Resources would start with paperwork, which would take a month, and continue with inspections at the site in May.

“We will examine the documents and later, in May, we will start environmental probes,” Mitvol 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.

Bloomberg: Shell Chief Executive to Stay in Post Until June 2009 (Update3)

By Fred Pals

March 28 (Bloomberg) — Royal Dutch Shell Plc, Europe’s biggest oil company, said Jeroen van der Veer will remain chief executive officer until June 30, 2009, in a statement intended to make clear its strategy and leadership in the coming years.

Van der Veer became chief executive in October 2004. He turns 60 in October of this year, the usual retirement age for a Dutch chief executive.

Van der Veer replaced Phil Watts, who departed earlier in the year after The Hague-based company admitted to overstating its reserves. Shell’s reserves announcement in January 2004 hurt the company’s reputation with investors and led to lawsuits and fines by regulators. 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.

AFX News Limited / Forbes: Royal Dutch Shell says Van der Veer to remain CEO until 2009 UPDATE

03.28.07, 6:44 AM ET
(Adds details, background)

LONDON (AFX) – Royal Dutch Shell PLC (nyse: RDSA – news – people ) said Jeroen van der Veer will stay on as the Anglo-Dutch oil giant’s chief executive until June 30, 2009.

Van der Veer, who is turning 60 in October, became Shell’s first CEO following the unification of Shell Transport Trading PLC and Royal Dutch Petroleum NV in 2005.

‘Jeroen’s decision today provides clarity, and I am most pleased that he will stay on longer, providing valuable continuity and leadership in Shell over the next years,’ said chairman Jorma Ollila. 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.

Lloyds List: Energy Briefing: Shell starts Pohokura

Published: Mar 28, 2007

Shell starts Pohokura

SHELL has started the main production platform on the Pohokura project offshore New Zealand to boost gas and condensate deliveries, writes Martyn Wingrove.

Offshore hydrocarbons are piped from the platform, 8 km from the North Island coast, to an onshore processing station at Motunui, near New Plymouth.

Gas from Pohokura is fed directly to the national grid and condensates are piped to storage tanks at Omata.

THOUSANDS of Thai offshore workers are to be retrained as the government has agreed to improve safety standards. read more

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Irish Times: Shell denies link to rising aluminium levels in water supply

Lorna Siggins, Marine Correspondent,
Published: Mar 28, 2007

Shell E&P Ireland has said it is not responsible for highly elevated aluminium levels in Carrowmore lake, the public water supply for Erris, north Mayo.

The company has also denied that it was pumping diesel from the Bellanaboy terminal site on Monday night into a stream, which feeds into the Carrowmore lake catchment. The company has acknowledged a “small” diesel leak from a generator at the site in the last few days.

Results obtained by The Irish Times show elevated aluminium levels in a number of tests carried out in January and February of this year on Mayo County Council’s behalf for water run-off from the Bellanaboy terminal site, the Bellanaboy river and Carrowmore lake. The lake supplies drinking water to 10,000 people in Erris. 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 Post (Canada): Chevron pulls drilling rig off Nfld. coast: Committed to Mexico

Published: Mar 28, 2007

CALGARY – A Chevron Corp.- led consortium exploring for oil in the Orphan basin, a new area in rough waters 400 kilometres off Newfoundland, has postponed further drilling after its first well took months longer than planned and costs soared to an estimated US$200-million, making it one of the most expensive in the world.

The move is yet another setback for Danny Williams, Premier of Newfoundland and Labrador, who wants to increase provincial revenue from oil development and take equity stakes in projects. read more

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FT REPORT – DIGITAL BUSINESS: How well are we being served?

By David Bowen, Financial Times
Published: Mar 28, 2007

A corporate website has to serve several interested groups – jobseekers, investors, the media, customers and society. The FT Bowen Craggs Index examines this in detail, with the table, right, giving scores for how well each group is served. This article identifies the three companies who best serve each group. Scores are out of 32.

To recalibrate the tables, visit www.bowencraggs.com/ftindex.

Serving jobseekers

1= UBS 26

1= Microsoft 26

3= Siemens 24 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.

FT REPORT – DIGITAL BUSINESS: A message to the world

By David Bowen, Financial Times
Published: Mar 28, 2007

A large company’s web presence is an expensive thing – companies brave enough to tot up the cost may find it runs into tens of millions of dollars a year. Yet return on investment is impossible to calculate.

But with the web now becoming a mass medium in the developed world, and growing at a giddy rate elsewhere, it is an essential part of the communications mix.

What is needed is a way of judging whether a web package is as good as it can be – that is, doing all the things it could be doing, as well as it can do them. And – at least as important – to see who is doing better so that best practice can be observed and adopted or adapted. These are the jobs the FT Bowen Craggs Index is attempting to do. 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: FT REPORT – DIGITAL BUSINESS: ABOUT BOWEN CRAGGS

Published: Mar 28, 2007

Bowen Craggs & Co (www.bowencraggs.com) advises companies and other organisations on their web presence. It does not build sites, but helps improve effectiveness with strategy, measurement and continuous improvement techniques.

Recent clients include Deutsche Bank, Crédit Suisse, Shell, BP, GlaxoSmithKline, Unilever, Textron and the World Bank. Its association with some companies in the Index has not affected the scoring: it has no interest in marking them either up or down. 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: BP’s Rosneft Bid Shows Need to Please in Russia

Wall Street Journal BP Chart

Offer for 9% Stake
Seen as Way to Keep
Standing in Nation
By GUY CHAZAN
March 28, 2007; Page A10

MOSCOW — A decision by BP PLC’s Russian joint venture to take part in a contentious auction for Russian oil assets shows the lengths BP is prepared to go to protect its landmark Russian investment, industry observers say.

The auction concerned a 9% stake in OAO Rosneft, the state oil company. BP’s Russian joint venture, TNK-BP, offered $7.58 billion but lost out to Rosneft itself, one of two state energy companies whose goodwill could be critical for BP’s future in Russia. The auction required two bidders to go ahead. Rosneft won the stake for $7.60 billion.
 
“It appears BP was trying to curry favor with the Kremlin and Rosneft by conferring legitimacy on the auction,” said Ivan Mazalov at Moscow-based Prosperity Capital Management, a minority shareholder in TNK-BP. read more

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The Guardian: Rising to the challenge?

EXTRACT: Globalisation helped drive things along, with controversies surrounding companies such as Shell, Nike and Monsanto.

THE ARTICLE

For more than three decades, John Elkington has watched and been involved in the growth of the environment movement. He looks at how the business and political landscapes have changed in response

Wednesday March 28, 2007

Pinch yourself. Al Gore has walked off with an Oscar; Gordon Brown is said to be green; German chancellor Angela Merkel and French president Jacques Chirac vie to put Europe on a low carbon diet; President Hu Jintao of China declares global warming is not just an environmental issue but make-or-break for the country’s future; Arnold Schwarzenegger, California’s governor, morphs from Terminator to Germinator on the strength of his muscular support for green technology; and even Wal-Mart is trying to sell sustainability. Who’d have thought it? 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 Times: Rosneft buys asset cheaply after BP drops out of early bidding

March 28, 2007
Carl Mortished and Steve Hawkes

BP conceded defeat in the auction yesterday of a $7.6 billion (£3.86 billion) stake in Rosneft after only five bids, allowing the state oil company to buy in 9.4 per cent of its share capital at a 10 per cent discount to market value.

BP was the only alternative bidder to take part in the auction by the liquidator of Yukos. The bidding commenced at $7.47 billion.

The British multinational’s intention to participate in the bankruptcy sale emerged late last week as Lord Browne of Madingley, BP’s chief executive, introduced Tony Hayward, his successor, to President Putin at a meeting in the Kremlin. 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.

Reuters: Shell CEO to stay on an extra year

Wed Mar 28, 2007 6:44 AM BST

LONDON, March 28 (Reuters) – Royal Dutch Shell Plc (RDSa.L: Quote, Profile , Research) said on Wednesday its chief executive, Jeroen van der Veer, would continue in his role until June 2009, extending his tenure for a year longer than expected.

Previously, the chief at the Anglo-Dutch oil major was intended to retire in the June after reaching 60 years of age. Van der Veer will be 60 in October this year.

Shell’s decision is in contrast with rival BP Plc (BP.L: Quote, Profile , Research), where CEO John Browne will depart a year and a half earlier than expected after a dispute with BP’s chairman, Peter Sutherland, over Browne’s desire for an extension of his tenure. 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.

Bloomberg: Shell Chief Executive to Stay in Post Until June 2009 (Update1)

By Fred Pals

March 28 (Bloomberg) — Royal Dutch Shell Plc, Europe’s biggest oil company, said Chief Executive Officer Jeroen van der Veer will continue in the position until June 30, 2009.

“Jeroen’s decision today provides clarity, and I am most pleased that he will stay on longer, providing valuable continuity and leadership in Shell over the next years,” Shell Chairman Jorma Ollila said today in a PR Newswire statement.

Van der Veer became CEO of Shell in October 2004, replacing Phil Watts, who departed earlier in the year after The Hague-based company admitted to overstating its reserves. 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.

AFX News Limited / Forbes: Technip wins order from Shell to lay subsea pipes in Gulf of Mexico

03.28.07, 3:37 AM ET
 
PARIS (AFX) – Technip said it has won an order from Royal Dutch Shell to lay subsea pipes in the Ursa and Princess fields in the Gulf of Mexico.

The financial terms were not disclosed.

The installation is scheduled for the fourth quarter of this year, Technip stated.

The Ursa and Princess oil and gas fields are located 140 miles south-east of New Orleans.

[email protected]
gt/ic

Copyright AFX News Limited 2007. All rights reserved.

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.

Royal Dutch Shell Plc: Royal Dutch Shell plc Updates on Chief Executive

THE HAGUE, The Netherlands, March 28 /PRNewswire-FirstCall/ — Royal Dutch Shell plc (NYSE: RDS.A, NYSE: RDS.B) announced today that Jeroen van der Veer will continue as Chief Executive until 30 June 2009. Mr. Van der Veer became Royal Dutch Shell’s first Chief Executive, following the unification of the company in 2005.

Jorma Ollila, Royal Dutch Shell plc’s Chairman said “There has been great progress in our company in recent years. Jeroen’s decision today provides clarity, and I am most pleased that he will stay on longer, providing valuable continuity and leadership in Shell over the next 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.

Tribune.com (Nigeria): Shell denies involvement in toxic waste dump

Martin Ayankola, Lagos – 28.03.2007

Shell Petroleum Development Company Limited (SPDC) management said on Tuesday that the company had not been involved or charged in connection with any dumping of toxic waste anywhere in Nigeria as alleged in media reports.

“However, SPDC is aware that the Federal Government has filed some charges at the Federal High Court in Abuja against SPDC and some other corporate organisations, including some individual employees of these organisations. The case is in respect of some radioactive tools belonging to one of SPDC’s contractors which allegedly went missing in transit between SPDC’s Ogunu Jetty and the contractor’s work site at a rig location in SPDC’s Western swamp area”, the company said in a statement issued in Lagos. 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.

Voice of America: US Efforts to Isolate Iran Economically Gaining Momentum: If Shell moves forward with its $10 billion deal with Iran, it will be sanctioned

President of Iran

President of Iran: Mahmoud Ahmadinejad (20 Feb 2007)

By Mil Arcega
Washington, D.C.
27 March 2007

At least five states in the U.S. are following Missouri’s lead with proposals to divest public pension funds of shares in companies that do business with Iran.  On Capitol Hill, proposed amendments to the Iran Sanctions Act could make it harder for foreign-owned companies to invest in countries that the U.S. State Department considers “sponsors of terror.”  VOA’s Mil Arcega reports. 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.

Oilvoice.com: The Law of Unintended Consequences: A Change in the Value of Brent

When the partners in the Buzzard field chose the Forties pipeline over the Flotta pipeline to bring their oil to market, little did they know as they compared the transportation tariffs on offer that their decision would have consequences for the price of two thirds of the world’s oil. Now Buzzard is onstream and the uncertainty surrounding its future production profile has prompted the oil trading community at a meeting in London on 27th March to question Forties’ role as a deliverable grade in the influential Brent contract. What they decide has far-reaching consequences throughout the industry. 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.

Brandon Sun (Canada): Shell launches roadshow to sell Sarnia oil refinery expansion

TORONTO (CP) – Weeks after Ontario was engulfed in a gasoline shortage of epic proportions, Shell Canada (TSX:SHC) is asking the public whether it would support construction of a new Sarnia-area oil refinery.

The company is to hold an open house Wednesday afternoon at a hotel in Wallaceburg, Ont., north of Chatham, to outline plans for a multibillion dollar refinery that would process heavy crude oil from Alberta.

The facility would be built alongside Shell’s existing refinery in St. Clair Township, said Leigh Anne Richardson, a spokesperson for Shell Canada. 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.

Politico.com: Senators Seek Way to Mend Faulty Oil and Gas Contracts

By: Jean Chemnick
March 27, 2007 06:54 PM EST 
 
Getting oil and gas companies to renegotiate their leases in the Gulf of Mexico could require a carrot, a stick — or both.

The House opted for both in January, and the companies were not happy.

The Senate is still weighing its options, including giving the industry the carrot it wants.

The government has leased 8,000 sites in the gulf, which supplies 30 percent of the nation’s crude oil and 21 percent of its natural gas. The companies that lease drilling rights pay the government royalties worth between 12 1/2 percent and 16 2/3 percent of the market value of a barrel of oil. To spur domestic production, Congress passed the Deep Water Royalty Relief Act in 1995 that gave the companies a break on paying royalties if oil prices fell below $34.73 a barrel. 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 Scotsman: Oil and gas industry fuels Aberdeen land rush

Aberdeen hit by land shortage

Aberdeen has been hit by a land shortage Picture: Ian Rutherford)

BY SHARON WARD
 
ABERDEEN’S success as a global hub for the oil and gas industry has led to a major shortage of land and commercial property for firms looking to expand.

Ken Shaw, investment partner at property firm Rydens in Aberdeen said the city now has a severe shortage of stock.

He said: “To say the market is busy is an understatement. The take-up of office space has been significant over the past 18 months and, as a result, there is virtually no Grade A accommodation available in the city centre or west end of Aberdeen. 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.

Petroleumworld.com: Mexico’s PEMEX oil company in financial trouble

By Greg Flakus
Voice of America – VOA
Houston:  03 28 07

Mexico’s state-owned oil company, Petroleos Mexicanos, better known as Pemex, celebrated its 69th birthday on March 18, amid concerns that it is on the brink of insolvency and its production is falling. As VOA’s Greg Flakus reports from Houston, Mexico, still has plenty of oil, but internal politics prevent the investment needed to develop the resources.

At the close of President Bush’s visit to Mexico two weeks ago, a Mexican reporter asked if the two men had discussed the issue of oil. President Bush, for his part, said oil had not been a topic of discussion since energy is a Mexican domestic issue, not a bilateral issue. President Calderon repeated his oft-stated position on energy reform. 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.

Borneo Bulletin: Brunei Shell Petroleum Co unveils fleet of Sikorsky 92As

By Liza Mohd
 
Brunei Shell Petroleum Co Sdn Bhd (BSP) has marked a milestone in the history of its aviation department with the transition of its helicopter fleet from Sikorsky S61N to the Sikorsky S92A. This year also marks the 40th year of operations using the S61N helicopters.

Present as the guest of honour to unveil a fleet of three Sikorsky S92A at Anduki Airfield in Seria yesterday was Minister of Energy at the Prime Minister’s Office, Pehin Dato Seri Setia Hj Yahya Dato Paduka Hj Bakar. 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 Spectator: The case for going Dutch

Published: Wednesday 28th March 2007  

My paternal ancestors were Flemish silkweavers, but they had already migrated over here and set up shop in Norwich some time before the foundation by royal decree, in 1824, of Nederlandsche Handel-Maatschappij, the oldest forerunner of the Dutch banking group ABN Amro.

Nevertheless I’d like to think I might have had a distant cousin who was an early customer there – and regular readers will already know that I have a rather complicated two-generation relationship with Barclays Bank. For these tribal reasons, rather than analytical ones, I found myself inclined to join the minority of City commentators in favour of the proposed merger between Barclays and ABN Amro, which would create the world’s fifth largest international bank. On closer examination, the analytical reasons stack up as well. 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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