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Posts on ‘December 25th, 2007’

THE INDEPENDENT: Review of 2007: A year that began with euphoria and ended with the spectre of recession

Published: 26 December 2007

Economy

2007 has turned out to be the most challenging year for the Bank of England since it was granted independence to set interest rates in 1997. Inflation rose above 3 per cent earlier in the year, forcing the Bank’s Governor, Mervyn King, to write a letter of explanation to Gordon Brown. And then came the summer of the credit crunch and the Bank’s initial reluctance to pump more liquidity into the banking system to keep the wheels moving. An air of caution has descended on investors ever since the Northern Rock crisis. As the year draws to a close, the signs are distinctly chilly. There is mounting evidence that the housing market is slowing down, with the commercial property market on the brink of collapse, while consumer sentiment is weak as households tighten their belts as successive interest rate rises finally start to bite. This month, the Bank bowed to intense pressure to cut rates for the first time in two years, down by a quarter of a point to 5.5 per cent, but many question if it is enough to prevent an economic slowdown. Some economists are predicting an outright recession. 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.

Beurs Plaza: Shell schrapt mogelijk duizenden ict-banen

Volledig bericht:

Shell gaat een substantieel deel van haar ict uitbesteden om kosten te besparen. Door de maatregel komen mogelijk duizenden banen op de tocht te staan.

Een woordvoerster van Shell bevestigt dat het bedrijf momenteel onderhandelingen voert met drie outsource-partijen. In maart 2008 worden de contracten getekend.

Een werknemer van Shell verklaarde tegenover RoyalDutchShellPlc.com, een website die protesteert tegen Shell, dat 3.200 banen op het spel staan, maar de woordvoerster kon dat aantal niet bevestigen. 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.

Yahoo! France: Shell supprimera des milliers d’emplois dans l’informatique

Reuters – Vendredi 21 décembre, 19h28LONDRES (Reuters) – Royal Dutch Shell externalisera une bonne partie de ses opérations informatiques pour réduire ses coûts, mesure qui pourrait se traduire par des milliers de suppressions d’emplois.

(Publicité)

Une porte-parole de Shell a dit vendredi que le pétrolier négociait avec trois sociétés en ce sens et que des contrats devraient être signés en mars 2008.

Elle n’a pas confirmé les 3.200 suppressions d’emplois mentionnées par un membre du personnel sur le site protestataire RoyalDutchShellPlc.com. 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.

Email sent to Daily Telegraph journalist Simon Goodley from a Sakhalin-2 insider (about David Greer, Ian Craig and ‘birthday presents’)

December 2007

(Published unedited)

Dear Mister Goodley,

I stumbled on your article “Nothing slick about this right Regal mess” on the site www.royaldutchshellplc.com

Apart from the fact that it just adds on oil gossips gushes, it also reads “Shell, which once employed Greer until his David Brent-style motivational email was leaked to the press” which would imply that he left the company because of this leaked memo.

Do you really think the second most senior manager of a project this size (20 billion USD) would leave the company he’s been working for more than 20 years because a memo has been leaked to the public and he could not live with the shame of having, like many other Shell managers before him, “hired” the wording of 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.

Gulf-Times: Russia may tighten equity deals with energy fields

Published: Tuesday, 25 December, 2007, 01:26 AM Doha Time
 
MOSCOW: Russia’s Resources Ministry will propose easing access to state auctions of large oil, gas or metal deposits by foreign companies but will tighten control over large equity deals, minister Yuri Trutnev said yesterday.

Analysts said the measure if approved would bring clarity to rules by which the Kremlin will treat foreign investors who have themselves repeatedly called on Moscow to introduce a legal framework to policies often driven by resource nationalism. 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.

theAge.com.au: Big Oil talks clean but spends dirty

TheAge Australia

Shell and BP are among the biggest producers of greenhouse gases in the world. Photo: Louise Kennerley LAK

Terry Macalister of The Guardian
Page 1 of 2

SHELL, the oil company that recently trumpeted its commitment to a low-carbon future by signing a pre-Bali conference communique, has quietly sold off most of its solar business.

The move, taken with rival BP’s decision a fortnight ago to invest in the world’s dirtiest oil production, in Canada’s tar sands, indicates that Big Oil might be giving up its flirtation with renewables and going back to its roots. 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: Kazakhstan says seeks 16.8 pct stake in Kashagan

Tue Dec 25, 2007 8:07am GMT

ASTANA, Dec 25 (Reuters) – Kazakh Energy Minister Sauat Mynbayev said on Tuesday his country was seeking a 16.8 percent stake in the giant Kashagan oilfield, confirming earlier plans to get a stake equal to those of the projects’ largest participants.

The Central Asian state is seeking a cash payment and a stake increase as compensation for cost overruns and delay in the start of production at the world’s biggest oil find in the last 30 years.

“We hope to increase Kazakhstan’s stake to 16.8 percent,” Munbayev told reporters. 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: Kazakhstan Seeks to Double Kashagan Oil Project Stake to 16.8%

By Nariman Gizitdinov

Dec. 25 (Bloomberg) — Kazakhstan is seeking to more than double its stake in the Eni SpA-led Kashagan oil project as compensation for delays and cost overruns.

The Central Asian country’s government is seeking to raise its stake to 16.8 percent, Dinara Shaimardanova, an aide to Energy Minister Sauat Mynbayev, said today by phone from the Kazakh capital, Astana. The state currently holds 8.3 percent.

The government has disputed a second delay to the start of production at Kashagan, the world’s biggest oil discovery in 30 years, and an increase in costs that it says have more than doubled the price for developing and running the field to $136 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.

Reuters: S.Korea’s STX buys oil project stakes from Shell

SEOUL, Dec 25 (Reuters) – South Korea’s STX Energy said on Tuesday it would buy stakes in three oil exploratory wells near Faroe Islands and Ireland from Royal Dutch Shell Plc for estimated $140 million.

STX Energy, an affiliate of STX Group, said in a statement it would acquire a 10 percent stake in a well off Faroe Islands, an autonomous Danish territory. It would also buy 25 percent stakes each in two other wells off Ireland.

Drilling would start from 2008, STX Energy said.

Energy companies and trading houses in South Korea, the world’s fourth-largest crude importer, seek investment in overseas oil projects for exploration access and production rights. (Reporting by Rhee So-eui; Editing by Tomasz Janowski) 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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