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Posts on ‘February 10th, 2008’

Reuters: UPDATE 1-Woodside to buy Shell’s North West Shelf oil assets

Sun Feb 10, 2008 5:10pm EST

SYDNEY, Feb 11 (Reuters) – Woodside Petroleum Ltd, Australia’s second-largest oil and gas producer, said it has agreed to buy Royal Dutch Shell’s oil assets in the North West Shelf off Western Australia for $398.5 million ($359 million).

The acquisition covers an estimated proved and probable (2P) reserves of 21.3 million barrels of oil equivalent (boe) and an additional 9.3 million barrels of contingent resources, Perth-based Woodside said in a statement on Monday. 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.

Jeroen van der Veer and the Shell reserves fraud

This is an updated version of an article first published on 5 November 2007 under the headline "Court document revelations damage Shell CEO, Jeroen van der Veer."

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.

Indiantelevision.com: Shell launches promotional film in its global brand campaign

 Indiantelevision.com’s Media, Advertising, Marketing Watch 
 
(9 February 2008 3:00 pm)
 
MUMBAI: Shell has launched the latest dramatised film in its global brand campaign, focusing on the contribution that Shell’s Gas to Liquids (GTL) technology can make towards cleaner air in cities where air pollution from traffic is a chronic problem.

The new film Clearing the Air dramatises the true story of the development of GTL technology from a laboratory technique to a global scale innovation, compressing about 30 years into a 7-minute film.
 
Shell was one of the first companies to produce “zero-sulphur” diesel on a commercial scale, phase out lead from road transport fuel in refineries, develop additives to help engines work more efficiently, and has consistently been an industry leader in developing and commercialising a new generation of fossil fuels. 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.

Personal Finance: Southern African arm of petroleum giant Shell stopped from trying to grab pension fund surplus of R184 million

Headline: Shell bid to grab R184m surplus stopped

Although the ruling doesn’t set a legal precedent, it does highlight the issues involved in deciding how retirement funds should distribute their surpluses fairly. 

February 9, 2008
By Bruce Cameron

The Southern African arm of petroleum giant Shell has been stopped in its tracks from trying to grab a pension fund surplus of R184 million.

The victory for members, former members and pensioners of the Shell Southern Pension Fund follows a lengthy battle. 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 Observer: China buys its future from Africa

Limited by the West, the superpower is scouring the continent for raw materials

Tim Webb and Nick Mathiason
Sunday February 10 2008

The city of Kitwe is in the heart of the Zambian copper belt. The new roads and lush green parks intersecting the shanty towns hint at the boom in copper prices, which have quadrupled in six years. But neither Zambian mining firms nor the government paid for them.

The roads and parks are a gift from China. In the past couple of years, all over Africa and Asia, Chinese-built roads, railways, hospitals and schools have been springing up. They are part of China’s relentless drive to secure access to the natural resources it needs to maintain its economy’s extraordinary boom. 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: The outlook for Britain’s two oil majors

Sunday Telegraph image

Edited by David Litterick
Last Updated: 12:33am GMT 10/02/2008

BP
Price 536p
Questor says Buy

Between them, Royal Dutch Shell and its arch-rival BP have garnered some pretty negative headlines over the past few years.
  
For Shell, there was the 2004 reserves scandal, when it admitted to booking reserves that it didn’t actually have. The lawsuits still rumble on.

For BP, it was the Texas City explosion, the Prudhoe Bay oil spill and the accusations of market rigging that dragged the company through the mud and left its reputation in tatters. There too, the company lawyers rarely complain about a shortage of work. 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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