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Posts on ‘July 25th, 2007’

BBC News: Professor shot in Nigerian Delta

BBC News image Nigeria

(Delta militants have carried out a series of attacks and abductions)

Wednesday, 25 July 2007

Unknown gunmen on motorcycles have shot and wounded a US-based British professor and a security guard in Nigeria’s oil city, Port Harcourt.

Professor Michael Watts was in Port Harcourt to attend an awards ceremony at a local newspaper office.

In another oil city, Yenagoa, the mother of a local state legislator was kidnapped on Tuesday night.

A Nigerian oil worker was also shot dead in his home in Rivers State, say police. 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.

Forbes / Associated Press: U.S. Professor Shot in Nigeria

By DAN UDOH 07.25.07, 10:47 AM ET

PORT HARCOURT, Nigeria – Gunmen on motorbikes shot and wounded an American professor and a security guard Wednesday at a newspaper office in oil-rich southern Nigeria, witnesses said.

Elsewhere in the volatile south, the heartland of the West African nation’s oil industry, the mother of a state official was kidnapped and a Nigerian oil worker was shot dead in attacks Tuesday.

The American professor, who was visiting from California to attend an awards ceremony at the National Point newspaper, was taken to a hospital along with the security guard for treatment after the shooting in Port Harcourt in Rivers State, said Patrick Naagbanton, a local environmental activist who arrived for the ceremony shortly after the shooting. 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: Big Oil drills for vote of approval

Published: July 25 2007 18:36 | Last updated: July 25 2007 18:36

When Conoco­Phillips was battling to prevent a state takeover of its multibillion-dollar investments in Venezuela last month, why was one of its top executives talking to elementary school teachers about lightbulbs?

Jim Gallogly, head of refining and marketing, was conducting a day of questions and answers on recycling and other issues in Columbia, South Carolina. The third-biggest oil company in the US had sent him to a small city – where it has no operations – at this a critical time. 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 Live Chat posting relating to Jim McGuire formally of Sakhalin Energy

By John Donovan
25 July 2007

We have removed the Live Chat posting relating to “Jim McGuire” because it has already been posted directly on the statement/article relating to him…

ShellNews.net: Statement regarding Mr Jim McGuire formally of Sakhalin Energy

Please bear our *disclaimer in mind if you do read the comments/allegations purportedly made by “Michelle Mufarresh” (which could be a fake name) – we have no practical way of checking.

Extract from Disclaimer Notice 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.

CNN.com: Energy, wealth and wildlife: Wyoming looks for harmony

By Ashley Fantz
CNN
    
PINEDALE, Wyoming (CNN) — Call it modern horse-trading. Balancing the nation’s energy needs with its interests in protecting wildlife and habitats.

An antelope grazes near a gas well in Jonah Field, one of the hot spots for natural gas in Wyoming.

The practice is playing out in Wyoming, where energy companies pumped 2.1 trillion cubic feet of natural gas from the ground last year — produced in 20 of the state’s 23 counties. That’s enough gas to heat every home in Michigan for seven 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.

CNN.com LIVE: People are fleeing and roads have been closed due to mulitple gas explosions in Dallas, Texas

LIVE FEED: http://www.cnn.com/video/live/live.html?stream=stream2

Natural gas tanks explode in Dallas

DALLAS, Texas (AP) — A series of explosions at a facility that sells liquefied natural gas sent flaming debris raining onto highways and buildings near downtown Dallas. At least two people were injured, hospital officials said.

Authorities evacuated a half-mile area surrounding the Southwest Industrial Gases Inc. facility and shut down parts of two of the area’s busiest highways, Interstates 30 and 35. 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 News: Russia Seeks to Strengthen Claim to Energy-Rich Arctic Seabed

By VOA News
25 July 2007

Russia has launched an expedition to the North Pole aimed at proving that a ridge of arctic seabed thought to contain vast oil and natural gas reserves is an extension of continental Russia.

Russian media say two ships, a research vessel and a nuclear-powered icebreaker, left the northern port of Murmansk Tuesday on a five-day journey to the North Pole.

On arrival Sunday, two Russian lawmakers, Artur Chilingarov and Vladimir Gurzdev, and a researcher will board a submersible and descend 4,200 meters to the arctic floor. 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.

Sacramento Business Journal: CalPERS asks portfolio companies to minimize Iran risk

By Chris Rauber: San Francisco Business Times

The California Public Employees’ Retirement System urged four companies in its public equity portfolio to take steps to “minimize the risk of investment in Iran,” as part of a broader effort by large U.S. pension funds to reconsider financial investments in the increasingly isolated Middle East powerhouse.

CalPERS, the nation’s largest public pension fund with assets of more than $245 billion, wants the companies to “report policies and steps to minimize the risk of investment in Iran,” pension fund officials said Tuesday. CalPERS has more than $2 billion invested in the four foreign energy companies in question: ENI, Repsol YPF, Royal Dutch Shell and Total.
 
Chief investment officer Russell Read said CalPERS needs information to “assess the potential threat to investments” by those companies. “Letters from CalPERS and others in a coalition of city and state pension funds are asking companies to describe the policies and safeguards they have in place to mitigate the risks of doing business in Iran,” Read said in a July 24 statement. 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-U.K. row may be due to Gazprom expansion – chief auditor

RIA Novosti image

17:50 | 25/ 07/ 2007 

MOSCOW, July 25 (RIA Novosti) – Worsening Russia-U.K. relations could be partly due to energy giant Gazprom’s new role in the Sakhalin II project in Russia’s Far East, the head of the Audit Chamber said Wednesday.

The natural gas monopoly bought a controlling stake in the vast oil and gas project late last year from Anglo-Dutch oil major Shell at a lowball price following pressure from regulators. London and Moscow are currently embroiled in a tit-for-tat row over Moscow’s refusal to extradite a murder suspect. 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: White House preparing to stage new September 11 – Reagan official

RIA Novosti Image 

13:58 | 20/ 07/ 2007 

WASHINGTON, July 20 (RIA Novosti) – A former Reagan official has issued a public warning that the Bush administration is preparing to orchestrate a staged terrorist attack in the United States, transform the country into a dictatorship and launch a war with Iran within a year.

Paul Craig Roberts, a former Assistant Secretary of the Treasury, blasted Thursday a new Executive Order, released July 17, allowing the White House to seize the assets of anyone who interferes with its Iraq policies and giving the government expanded police powers to exercise control in the country. 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.

Dominican Today: Sale of Shell’s Dominican refinery shares doesn’t detain probe, prosecutors say

25 July 2007
 
SANTO DOMINGO. – The Justice minister and the anti-corruption prosecutor said separately yesterday the sale of the shares on the part of the company Shell will not detain “under any circumstance” the investigation into the alleged alterations of shipping invoices on the part of the Dominican Petroleum Refinery (Refidomsa) executives.

Justice minister Radhamés Jiménez said “only the death” of those allegedly implicated in the process would detain the criminal probe. Anti-corruption prosecutor Octavio Líster said the sale of Shell’s shares doesn’t change the legal situation. “If the action was committed and we manage to prove it, because evidently that aside of whom acquires the shares, whom would not have to do with that, the people in charge would have to respond before the courts.” 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: US pension funds urge Shell to leave Iran

Call by influential investors comes a day before oil group is expected to report bumper profits

July 25, 2007
Steve Hawkes

A political row threatens to overshadow tomorrow what promises to be one of the best sets of results from Shell for months after it emerged that a group of US pension funds have called on the group to scrap a £5 billion project in Iran.

Some of America’s most influential institutional investors have written to Shell and other seven international energy companies warning they may suffer international sanctions because of their ties to the pariah state. 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: Russia’s Antics Deserve a Tough Response From EU: Matthew Lynn

EXTRACT: First, start using European muscle to protect European companies. Oil producers BP Plc and Royal Dutch Shell Plc have been treated disgracefully as Russia seeks to reassert control over its energy assets. Just like any country, Russia needs outside expertise — and in return it must recognize that it can’t just expropriate assets.

THE ARTICLE

By Matthew Lynn

July 25 (Bloomberg) — Poisonings in London restaurants, expulsions of diplomats, foreign ministers snarling at each other. At this rate, they may have to rebuild Checkpoint Charlie, and dust off those Cold War spy manuals. 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: North Sea Brent Crude Premium Falls as Refiners’ Losses Mount

By Grant Smith

July 24 (Bloomberg) — The North Sea dated Brent premium, used to price nearly two-thirds of the world’s oil, declined as profits for European refiners fell to their lowest in 18 months.

So-called dated Brent for loading within 21 days fell to a premium of $1 a barrel over the cost of cargoes loading in September, from $1.40 yesterday, according to data supplied by PVM Oil Associates Ltd. in London. That works out to $76.79 a barrel today, from $78.84 previously, according to Bloomberg calculations based on PVM data. 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, Total, 6 Other Energy Firms Queried by Pensions on Iran

By William Selway

July 24 (Bloomberg) — A group of the nation’s largest public pension funds called upon Royal Dutch Shell Plc, Total SA, and six other energy companies doing business with Iran to explain how they will guard their stock prices from the risks of escalating tensions.

The group, which includes the California Public Employees’ Retirement System, the New York State Common Retirement Fund and New York City’s pensions, sent letters asking how the companies will mitigate the risk that tighter economic sanctions, divestment campaigns and regional conflict could pose to share prices. The group owns $3.7 billion of stocks in the companies, New York City Comptroller William Thompson said in a statement. 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.

CNNMoney.com: Europe’s fattest cats

(Comment by ShellNews.net: From the oil companies, only Desmarest appears on the list below…. Does this say something about who will have the biggest job soon…?)

A heavy reliance on stock options to compensate executives puts the French at the top of Fortune’s highest-paid list.

By Peter Gumbel, Fortune
July 25 2007: 5:45 AM EDT

(Fortune Magazine) — This year, Fortune’s list of the highest-paid corporate leaders in Europe reads like a Who’s Who of le tout Paris, with French executives taking ten of the 20 top spots, including first and second place. Carlos Ghosn, CEO of French automaker Renault, easily topped the list with $45.5 million (which doesn’t include the millions he gets for also running Japan’s Nissan (Charts), whose principal owner is Renault). That was more than seven times the size of his 2005 package and more than double that of the second-place CEO, Jean-Paul Agon of L’Oréal (Charts), with $19.3 million. 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.

opednews.com: Oil Junkies for Jesus vs the Oil Crisis

July 25, 2007
By Len Hart

US involvement in Iraq is complicated by weird theology. Fundamentalist Christians insist upon an unconditional pro-Israeli policy no matter what! Israel is God’s chosen nation. To oppose Israel, they say, is to damn our nation to hell.

Another complication is our nation’s symbiotic relationship with oil producing “infidels”. GOP faithful believe that middle east oil is ours to plunder. Oil Junkies for Jesus openly boast of stealing Iraqi oil. For them, waging war for oil is not a war crime, it’s a crusade, it’s not an atrocity its a commandment. SUV’s are not abominable energy hogs, they are God’s own chariot. While we fear the mother of all energy crunches, Hubbert’s Peak, oil junkies for Jesus look forward to just flying away from it all. 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.

ThisDayOnline (Nigeria): ‘Militants Use Dynamites on Drilling Site’

From Ahamefula Ogbu in Port Harcourt, 07.25.2007

Police in Rivers State have said  that militants in the Niger Delta were using improvised explosive devices to carry out attacks and explained that it was the deadly device that was used to raid Lone Star Drilling in Soku, where four expatriates were kidnapped and a mobile policeman killed.

Briefing newsmen yesterday in Port Harcourt, over several arrests made where the militants worked explosives into some cans of soft drinks, so that they are easily carried without arousing suspicion. 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.

BBC Monitoring Service: Nigeria leader summons petroleum regulatory body over disputed oil block

Published: Jul 25, 2007

Text of report by Nigerian newspaper The Guardian website on 23 July 2007

SIX years after its revocation, the choice oil block that was awarded to a firm owned by the then Petroleum Minister, Chief Dan Etete, is still mired in controversy.

But President Umaru Musa Yar’Adua will from this morning begin the process of sorting out the maze.

Granted to Etete Malabu Oil and Gas Limited in April 1998, Oil Prospecting License (OPL) 245 was in 2001 revoked by former President Olusegun Obasanjo, who awarded it to Shell Nigeria Ultra Deep Limited (SNUD), after a competitive bidding. 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: BP chief denies Shell rumours

By Ed Crooks, Energy Editor
Published: July 25 2007 03:00 | Last updated: July 25 2007 03:00

Tony Hayward, BP’s new chief executive, has poured scorn on the idea of a merger with rival Royal Dutch Shell, saying the two companies had not been discussing a deal, and it would in any case do nothing to resolve the problems BP faced.

There was “absolutely nosubstance to any speculation” that a merger was under consideration, Mr Hayward said. He was speaking as BP unveiled what he described as “disappointing” profits for the first half of the 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.

The New York Times: Funds Pressure Oil Companies on Iran Links

By JAD MOUAWAD
Published: July 25, 2007

As American and European governments debate how to deal with Iran’s nuclear program, some of the nation’s largest public pension funds are leaning on European and Asian oil companies to reconsider their investments in Iran.

In letters citing the risk that international sanctions might jeopardize their investments, a coalition of funds from New York, California, North Carolina and Illinois has cautioned eight foreign energy companies working in Iran about investing there. 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.

Nigerian Tribune: Finding alternative source of energy

Nigerian Tribune: John Hofmeister, President Shell Oil Company

John Hofmeister, President, Shell Oil Co.

By John Hofmeister
Wed. 25th July, 2007

Before I start, I would like to raise some pertinent questions; why am I representing an industry that some would say has zero credibility; selling a product that you don’t want to taste, touch, smell or even see; pushing on policymakers to open up access to the Gulf of Mexico or other outer continental shelf locations, which essentially irritates virtually everyone that we talk about it; pushing alternative fuels, new technologies, like coal gasification and other technologies that will take years to penetrate the market; promoting the notion of conservation or energy efficiency, which, if we are really good at it, will take decades to make a difference; and finally, trying to promote the notion of how do we manage greenhouse gases in a way that we have a sustainable atmosphere, not only in this country or dispute whether there’s even problem? Why?” 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.

MsnMoney: CalPERS asks portfolio companies to minimize Iran risk

The California Public Employees’ Retirement System urged four companies in its public equity portfolio to take steps to “minimize the risk of investment in Iran,” as part of a broader effort by large U.S. pension funds to reconsider financial investments in the increasingly isolated Middle East powerhouse.

CalPERS, the nation’s largest public pension fund with assets of more than $245 billion, wants the companies to “report policies and steps to minimize the risk of investment in Iran,” pension fund officials said Tuesday. CalPERS has more than $2 billion invested in the four foreign energy companies in question: ENI, Repsol YPF, Royal Dutch Shell and Total. 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 (UK): Browne legacy takes a blow after new BP boss pledges change

· Hayward says oil group head office is overstaffed
· Indirect criticism of former chief executive

Terry Macalister
Wednesday July 25, 2007

Lord Browne’s legacy at BP was further tarnished yesterday when the new chief executive, Tony Hayward, delivered an unflattering verdict on the company he has inherited.

The man who took over from John Browne in May said the oil group was overstaffed at its London head office, the wider organisation was far too complex and he called for much more transparency around the business. 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 Net Income Rises 1.5% On Sale of Refinery, Pipeline

Wall Street Journal image: Tony Hayward BP CEO

By GUY CHAZAN
July 25, 2007; Page A2

BP PLC’s new chief executive, on the heels of a disappointing quarter, promised to turn around a company dogged by stagnant output, refinery outages and the rising costs that are increasingly pressuring the world’s biggest oil companies.

BP — the world’s third-largest nonstate-controlled oil company by market capitalization behind Exxon Mobil Corp. and Royal Dutch Shell PLC — posted a net profit of $7.38 billion, up 1.5% from a year earlier, the latest in a string of big numbers from oil companies as petroleum prices linger near highs. 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.

Daily Telegraph: Energy Database: Wednesday 25 July 2007

Last Updated: 12:40am BST 25/07/2007

A round-up of headlines from across the financial sectors, provided by Bloomberg News

ENERGY

• BP, Europe’s second-largest oil company, reported better-than-expected earnings in the second quarter, boosted by record petrol prices.

• Sterling Energy, a UK-based oil and natural gas explorer, said first-half revenue rose 5pc on net sales of 4,900 barrels a day.

• Royal Dutch Shell’s venture in Nigeria has restarted a limited amount of production at pumping stations feeding its Nembe Creek pipeline and the Forcados export terminal, a company spokesman 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.

Daily Telegraph: Hayward should enjoy BP honeymoon – it won’t last

By Damian Reece, City Editor
Last Updated: 12:40am BST 25/07/2007

If Tony Hayward is nervous about the task ahead he betrayed no sign of it at yesterday’s second-quarter results meeting. He is more relaxed than his predecessor at BP, Lord Browne, and his tone was as light as it could or should be while presenting awful results.

He should enjoy the honeymoon because BP faces serious challenges. After an extended period in which managers were encouraged to deliver financial performance, even if that meant cutting corners, Hayward must alter that culture. Although he won’t emulate Lee Raymond, his counterpart at Exxon Mobil, by personally checking the performance of every oil rig daily, BP is obviously moving to more central control. It’s not without risk but it’s the right model. 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.

Daily Telegraph: New BP boss vows to fix problems

By Tom Stevenson
Last Updated: 12:53am BST 25/07/2007

BP’s new chief executive vowed to fix the problems at the struggling oil giant after announcing a slide in second quarter profits. Tony Hayward, who took over from Lord Browne in May, admitted that BP’s “current operational performance is not good enough”.

Dismissing rumours that BP continues to investigate a possible merger with rival Royal Dutch Shell, he opened a new chapter for the company by promising to rebuild revenues and simplify the business. 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: BP needs all its resources if it is to make a full recovery

July 25, 2007
Nick Hasell: Tempus

Rarely can results showing that a company has made £32 million a day be received with little more than a shrug of the shoulders in the City.

So if Tony Hayward was looking to calm the storm of controversy surrounding his new charge, he achieved it yesterday, with the straightforward delivery of a set of second-quarter numbers that contained not even the slightest hint of his future strategic thinking. The new chief executive’s main priority must simply be to buy more time to right the wrongs plaguing the £115 billion company. 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: Chillier era for industrial mega-mergers

July 25, 2007
Carl Mortished, European briefing

His first appearance before the media and his first question, and Tony Hayward, BP’s newly installed chief executive was swift in killing off the constant dribble of rumours about Royal Dutch Shell.

It seems a no-brainer; a company that has suffered BP’s recent internal turmoil would be unlikely to embark on the biggest merger in corporate history. There is an even better reason why Mr Hayward might hesitate to embrace the Dutch: BP is still struggling with its marriage to the Yanks. 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 Mayo News: Shell protests: Shell to Sea protesters’ case to be heard in October

Tuesday, 24 July 2007 

TWO Shell to Sea protesters who attached themselves to the undercarriage of a van outside the Bellanaboy Corrib gas refinery will have their case heard in Belmullet District Court on October 10.

Mr Terence Conway, Inver, Barnatra, Ballina and Mr Stephen Kavanagh of Rathlee, Easkey, Co Sligo appeared before last week’s sitting of Castlebar District Court where they both faced four charges of wilful obstruction, obstruction, failing to comply with the direction of the Gardaí and a public order offence. 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: BP chief denies Shell rumours

By Ed Crooks in London
Published: July 24 2007 09:11 | Last updated: July 24 2007 21:57

Tony Hayward, BP’s new chief executive, has poured scorn on the idea of a merger with rival Royal Dutch Shell, saying the two companies had not been discussing a deal, and it would in any case do nothing to resolve the problems BP faced.

There was “absolutely no substance to any speculation” that a merger was under consideration, Mr Hayward said. He was speaking as BP unveiled what he described as “disappointing” profits for the first half of the 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.

EarthTimes.Org: Shell exec to be Nigeria oil minister

LAGOS, Nigeria, July 24 A high level Shell Nigeria employee was approved by the country’s Senate to become the next oil minister under the new government.

President Umaru Yar’Adua nominated Diezani Alison-Madueke for the oil post in Africa’s largest oil producer. Alison-Madueke is from the oil-rich and troubled Niger Delta region state of Vayelsa.

Her nomination is seen as a move to reconcile the restive area, where residents accuse past governments of exploiting the oil wealth and returning little money to the area, the global energy information firm Platts 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.
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