Jul 16th, 2008
by John Donovan.
So with Shell agreeing to pay a hefty 42 per cent premium for Duvernay, the debate is now on: Does that signal that the buyers have come around to the sellers' way of thinking? And if so are we just before the peak or just after?
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Jul 16th, 2008
by John Donovan.
July 16 (Bloomberg) -- Sunoco Inc., the largest refiner in the U.S. Northeast, named Royal Dutch Shell Plc's Lynn Laverty Elsenhans as chief executive officer, succeeding John Drosdick, who is retiring.
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Jul 16th, 2008
by John Donovan.
Elsenhans joins the company from Shell's Shell Downstream Inc., where she has been executive vice president of global manufacturing since 2005. From 2003 to 2005, she was president of Shell Oil Co. and CEO of Shell Oil Products US.
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Jul 16th, 2008
by John Donovan.
"Shell is doing all it can to stop these cases coming to court and using its financial weight against a small firm," says Don managing director John Donovan.
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Jul 16th, 2008
by John Donovan.
In March, four companies - Australia-based BHP Billiton Petroleum Deepwater Inc., Houston-based Anadarko E&P Co., Shell Offshore Inc. and Italian oil and natural gas company Eni SpA - purchased leases on 36 Gulf of Mexico tracts under the 2006 compromise.
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Jul 16th, 2008
by John Donovan.
Jul 16th, 2008
by John Donovan.
Despite Shell making the agency an out-of-court settlement of £60,000 over the use-without-consent issue, Alfred Donovan has recently set up a 'Shell Corporate Conscience Pressure Group' to bring attention to what he believes is Shell's misconduct in relation to several promotions the company has run.
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Jul 16th, 2008
by John Donovan.
July 16 (Bloomberg) -- UBS AG, Switzerland's largest bank, plans to buy back as much as $3.5 billion of auction-rate preferred shares after being sued in the U.S. for fraudulently selling the securities as low-risk alternatives to cash.
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Jul 16th, 2008
by John Donovan.
July 16 (Bloomberg) -- Crude oil was little changed in New York after its biggest one-day decline yesterday in more than 18 years as slowing economic growth reduces demand.
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Jul 16th, 2008
by John Donovan.
With producer prices rising at the fastest pace in 27 years and Federal Reserve Chairman Ben Bernanke giving one of his gloomiest reports on growth, the U.S. economy is headed for a stomach-churning rest of the year.
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Jul 16th, 2008
by John Donovan.
Separately, Royal Dutch Shell PLC has lifted a force majeure on its Nigerian Bonny oil production invoked in late May following an attack on a pipeline.
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Jul 16th, 2008
by John Donovan.
The famous investor George Soros reiterated his view that the world was seeing "the most serious financial crisis of our lifetime".
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Jul 16th, 2008
by John Donovan.
...far more vulnerable to a collapse of confidence than Japan in the early 1990s after the Nikkei bubble burst.
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Jul 16th, 2008
by John Donovan.
Sir Bob Reid, head of the Brent Oil trading market in London, says the increase in oil prices is being driven by global political problems not speculators, and warned that the boom is set to continue.
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Jul 16th, 2008
by John Donovan.
Royal Dutch Shell, the Anglo-Dutch oil group, and Iogen, the Canadian biotech company, have agreed to extend their commercial alliance...
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Jul 16th, 2008
by John Donovan.
More than £30 billion was wiped off the value of Britains biggest companies yesterday as new levels of hysteria in the US banking crisis fuelled fears about the economic and financial fallout on both sides of the Atlantic.
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Jul 16th, 2008
by John Donovan.
Accusations that Britains oil markets operate under a London loophole of lax regulation were dismissed on Tuesday by the City watchdog.
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Jul 16th, 2008
by John Donovan.
Royal Dutch Shell is stepping up investment in research into second generation biofuels, putting more money into its joint venture with Iogen, a Canadian biotech company, in spite of having made only slow progress so far.
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