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Posts on ‘January 19th, 2008’

Las Cruces Sun-News: PNM, Shell reach deal on merchant contracts

The Associated Press
Article Launched: 01/19/2008 02:04:32 PM MST

ALBUQUERQUE—Public Service Company of New Mexico has reached a deal with Shell Energy North America to sell some of its wholesale power, natural gas, and gas and electricity transmission contracts for $5.8 million.

The deal announced Friday is expected to close on March 31. It’s the first step in an agreement made in a 2002 electricity case, under which PNM consented to separate itself from all unregulated operations, said company spokesman Frederick Bermudez. 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: BP’s prospect Beyond Peter

20 January 2008

Who should succeed Peter Sutherland as chairman of the oil giant?

Russell Hotten assesses the potential candidates

One of the biggest jobs in British business will be filled this year when the white smoke goes up to signal who will replace Peter Sutherland as chairman of BP. Headhunters were appointed last September, but it is only now that some front-runners are starting to emerge.

Suggestions that BP non-­executive Sir William Castell is a potential favourite are being perceived in the City as the start of a campaign to win over the board and key shareholders. He remains the bookies’ favourite, but a shortlist of serious alternatives is emerging. 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.

From 19 January 2004: London Evening Standard: Cairn oil find blow for Shell boss

By Steve Hawkes
19 January 2004 

SHELL chairman Sir Philip Watts was left with more egg on his face today after a little-known UK firm made one of the biggest ever oil discoveries in India on land sold off by the supermajor for £4m two years ago.

Cairn Energy’s shares leapt 148 1/4p to 518 1/4p as it revealed an exploration well in the Rajasthan basin, western India, had struck reserves estimated to hold up to 200m barrels of recoverable crude. Analysts valued the discovery at more than $400m (£222m). 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.

From 19 January 2004: Financial Times: Shell suffers another blow to its pride

By Joanna Chung in London

Published: January 19 2004 20:14  

Royal Dutch/Shell, which slashed its reserves estimates this month, suffered another blow as it emerged it sold its stake in an oil field that could be one of the finds of the year.

Shell sold its 50 per cent interest in the Rajasthan Basin in western India to Cairn Energy, the UK independent, for just $7.25m in September 2002.

On Monday, Cairn Energy’s shares shot up 49 per cent after it announced “a significant discovery” that could be worth 75 times as much. 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.

From 19 January 2004: The Daily Telegraph: Shell shareholders demand change after bombshell

By Danielle Rossingh (Filed: 19/01/2004)

Major shareholders of Royal Dutch/Shell are this week expected to meet Lord Oxburgh of Liverpool, its senior UK non-executive, to discuss changes to the way the Anglo-Dutch oil giant is run.

The move follows recent investor anger over how Shell released its shock statement earlier this month that it had overstated its oil and gas reserves by 20pc. The announcement stunned the City, dragged down oil stocks worldwide and ended with major investors calling for changes to Shell’s bureaucratic structure, which consists of a Dutch board, a British board and a committee of managing directors. 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.

Free Research on Royal Dutch Shell Plc (over 18,500 articles)

Wall Street Journal image of Alfred Donovan 

(Wall Street Journal image of Alfred Donovan, the 90 year old co-owner of the website royaldutchshellplc.com. Alfred and his son John Donovan, a long term activist Shell shareholder, have been involved in bouts of litigation with Shell for over 14 years.)

Alfred says… As of 1 January 2008, we have assembled by far the worlds largest online library of news articles and confidential Shell documents and Shell internal email correspondence, some leaked by insider sources. 

Our appetite for Shell news and insider information is fed by a network of Shell insider sources around the globe. Sources include a former Shell Chief Executive. Emails from senior executives including Jeroen van der Veer have been supplied to us on the day they were sent. As our regular visitors will recall, a leaked email from David Greer, Deputy CEO of Sakhalin Energy Investment Company, brought about his “resignation”. We have even published the top secret minutes of Shell Group Managing Director Meetings. We also played a key role as a result of leaked Shell internal documents, in Shell’s humiliating loss of its ownership stake in the Sakhalin-2 project. A loss which cost Shell billions of dollars. 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: Texas is world’s seventh biggest polluter

Daily Telegraph image

Shell’s Deer Park refinery and petrochemical plant in Texas

By Tom Leonard in New York
Last Updated: 2:01pm GMT 18/01/2008

A love affair with vast, gas-guzzling 4×4 vehicles and contempt for environmental activism has helped Texas become the world’s seventh biggest polluter.

The challenge facing the green lobby in America is illustrated by the latest figures for the Lone Star state from the US Energy Information Administration.
  
In 2003, Texas pumped 670 million metric tons of carbon dioxide into the atmosphere – more than countries including Britain and more than that of California and Pennsylvania, the second and third-ranking US states – put together. 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: Finding growth in face of IT cutbacks

By Alistair Gray
Published: January 19 2008 02:00 | Last updated: January 19 2008 02:00

Growth in its end markets of oil, gas and shipping has allowed Aveva, which makes engineering software for companies such as Royal Dutch Shell, DuPont and BP, to continue to locate growth while many peers face declining IT budgets and a consumer slowdown. Another strong trading performance – in the usually slower third quarter – prompted profit upgrades. The City was particularly pleased by good figures at the Asian division. Strong demand coupled with high energy prices means Aveva’s customers continue to invest, although concerns have emerged recently that Asian shipbuilders may face declining orders, which may eat into growth. Future prospects are bolstered by Aveva Net, the network collaboration software dubbed “Google for engineers”. Moreover, with a healthy cash balance in excess of £60m, the company will return cash to shareholders if acquisitions are not forthcoming. The shares, which moved into the FTSE 250 just over a year ago, rose by 11 per cent yesterday. Before that jump they traded on a price to earnings multiple of 19.4, although its niche products make comparisons with the rest of the IT sector rather unhelpful. Alistair Gray 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: Oil Demand, the Climate and the Energy Ladder

New York Times Jeroen van der Veer

Dave Olecko/Bloomberg News
Jeroen van der Veer
 
By JAD MOUAWAD
Published: January 19, 2008

Energy demand is expected to grow in coming decades. Jeroen van der Veer, 60, Royal Dutch Shell’s chief executive, recently offered his views on the energy challenge facing the world and the challenge posed by global warming. He spoke of the need for governments to set limits on carbon emissions. He also lifted the veil on Shell’s latest long-term energy scenarios, titled Scramble and Blueprints, which he will make public next week at the World Economic Forum in Davos, Switzerland. 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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