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Posts on ‘May 6th, 2008’

Oil Rises to a Record $122.73 on Nigeria Attack, Demand Growth

Royal Dutch Shell Plc said a militant attack over the weekend damaged a pump station in Nigeria, where violence has cut exports from Africa's biggest oil producer.

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.

Big oil profits mean big M&A

Royal Dutch Shell bought the 22% minority interest in Shell Canada in 2007 for US$8.7-billion and was the largest buyer of oilsands leases over the past three years.

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.

Time to draw a line in the oil sands

Ontario is on the cusp of helping oil-sands emissions explode. Shell Canada wants permits to be granted by the end of this year for a new refinery in Sarnia to process oil from its oil-sands mines in Alberta for use in gas tanks across the GTA. The company will be submitting its environmental assessment in June, but the governments of Canada and Ontario are already being pressed to make crucial decisions about the refinery.

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.

‘No plans’ for oil windfall tax

...he admitted it was a "disappointment" that Shell had announced it would pull out of a giant wind farm scheme in the Thames Estuary

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.

Oil hits record $122 on $200 oil prediction, supply concerns

Militant attacks in Nigeria over the weekend cut some production at a Royal Dutch Shell PLC facility.

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.

Oil: Another Day, Another Record

In Nigeria, a Royal Dutch Shell PLC spokesman said attackers hit an oil facility belonging to Shell's joint venture in southern Nigeria and that some oil production has been shut down.

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.

Exxon says Nigeria output back, Shell taking longer

LAGOS, May 6 (Reuters) - Exxon Mobil has returned its oil output in Nigeria to normal operating levels after an eight-day strike while Shell said it would start partly resuming production shut by militant attacks "within days."

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.

Nigeria: NLC Warns Shell Over Sack of 3,500 Workers

The Nigeria Labour Congress yesterday warned the management of Dutch oil firm, Shell Petroleum Development Company, over plan to sack about 3,500 of its workforce.

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.

Shell Nigeria warned by unions over planned massive lay-off

The umbrella Nigeria Labour Congress (NLC) has warned the Nigerian subsidiary of the Anglo-Dutch oil giant Shell against the reported plan to sack 3,500 workers of its total workforce.

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.

An in-depth approach to drilling

Nonexistent just three decades ago, oil production in the deep waters of the Gulf of Mexico now accounts for nearly three-fourths of the offshore region's crude output and has become a vital piece of the nation's energy supply, according to a government report released Monday.

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.

A Crude Game: Paying For Our Own Destruction

Today six "supermajors"—Exxon Mobil, Royal Dutch Shell, BP, Chevron, Conoco Phillips, and the French Total—dominate the world oil market.

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.

Oil Futures Test $120, Pull Back

Strong global demand, concerns about supply shortages -- most recently fueled by production outages in Nigeria -- and a weak dollar have been the principal driving forces behind rallying oil prices. These factors helped prices first touch $80 a barrel in September, $90 in October, $100 in January and $110 in March.

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.

More crisis moves at UBS: Royal Dutch Shell Plc CFO, Peter Voser is a director of the Swiss bank mired in scandal

ZURICH -- UBS AG said Tuesday it would sell $15 billion in mortgage assets to BlackRock Inc. and slash 5,500 jobs by the middle of next year, moves meant to restructure the Swiss giant's troubled investment bank.

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.

Oil Trades Near $120 After Rising to Record on Demand Outlook

A weekend attack in Nigeria, Africa's biggest oil producer, forced Royal Dutch Shell Plc to reduce output, the Associated Press reported May 3, citing the company. The Movement for the Emancipation of the Niger Delta, or MEND, claimed responsibility for the assault.

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.

Shell, Repsol not to pull out of Iran

LONDON, May 6 (IranMania) - Royal Dutch/Shell and Spain's Repsol reportedly intend not to capitulate to US pressure by backing away from an energy project in Iran, PressTV reported.

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.

Oil exploration tests off Alaska prompt lawsuit

ANCHORAGE, Alaska, May 5 (Reuters) - A coalition of environmental and Alaska Native groups on Monday filed a lawsuit seeking to block the oil industry from conducting seismic tests the groups say will harm whales, walruses and other marine mammals in the Beaufort and Chukchi seas.

The lawsuit, filed in U.S. District Court in Anchorage, targets permits issued to Shell and BP...

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.

Groups sue to stop seismic oil exploration in Arctic seas

The groups are challenging federal permits that allow Shell Oil Co. and BP PLC to search for oil and gas using powerful acoustic devices that have been shown, at times, to harm a variety of marine animals.

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.

Russian law curbs foreign investment in key sectors

In one of his last acts as Russian president, Vladimir Putin yesterday signed a long-awaited law restricting foreign investment in 42 "strategic" sectors, including energy, telecoms, mining and aerospace.

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.

Gas tax holiday plan fuels rivalry

According to a recent survey by the Kaiser Family Foundation, 44 per cent of Americans view rising petrol prices as a "serious problem", making it the country's top economic concern.

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 – WORKING IN THE OIL & GAS INDUSTRY 2008: ‘You can jump to the top very quickly’

Three years ago John Schiller, chairman and chief executive of the Nasdaq-listed US oil independent Energy XXI, put himself and his career to what is perhaps the ultimate test. He asked investors to put money into the start-up company purely on trust in him and his team.

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 – WORKING IN THE OIL & GAS INDUSTRY 2008: Big rewards of working in remote, exotic places

Working in the oil and gas industry has many rewards, particularly now, when business is booming and skilled staff are in short supply.

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 – WORKING IN THE OIL & GAS INDUSTRY 2008: There are still jobs for life

Looking out on to pristine coastlines in Asia while helicopter blades pulsate overhead; avoiding snakes and herds of oxen in a rugged sports utility vehicle; braving pelting rain on drilling rigs; and making technology breakthroughs while sipping milkshakes in the Netherlands with your stroppy teenage son - these are all part of life working in oil and gas exploration and production at Royal Dutch Shell. Or so the company's advertising film would have you believe.

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 – WORKING IN THE OIL & GAS INDUSTRY 2008: A shift in the balance of power

Senior executives at energy companies have the upper hand over their employers. Just how much the power balance has shifted in their favour became clear earlier this month when BP and Royal Dutch Shell both announced big retention packages.

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.

Oil hits $120 record over supply disruption and US economy hopes

Demand from China ahead of the Olympics has helped to drive oil prices up by 25 per cent this year, although demand growth in the US has been sluggish because of the downturn in the economy. Traders are unsure what level oil prices could reach once US demand starts to recover

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.

Nigeria attacks help push oil to $120 a barrel

Oil hit record levels above $120 a barrel yesterday amid growing hopes the US economy might avoid recession and on further supply disruptions in Nigeria.

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.

Brown warned about corporate exodus to lower tax regimes

Other companies switching jurisdictions include Experian, Hiscox, Invesco, Omega and Royal Dutch Shell.

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.

Oil price jumps to record over $120 a barrel

A weekend attack by militants on a Royal Dutch Shell plant in the Niger Delta and fighting in northern Iraq combined to intensify supply worries in oil markets.

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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