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Posts on ‘July 30th, 2008’

Shell employees in Africa protest against being ‘sold’ by Shell

Shell employees in Africa protest against being “sold” by Shell

By John Donovan

29 July 2008

Shell has confirmed the sale of its downstream businesses in Ethiopia, Sudan and Djibouti to Oil Libya. Completion of the transfer is expected before the end of 2008. Until then, Shell continues to manage the business.  

Details were confirmed to Shell employees in Shell internal emails dated 10 July 2008, printed below.

The sale is at variance with an assurance given as recently as 19 January 2008 by the External Affairs Manager for Ethiopia and Djibouti, Bahiru Temesgen, who was quoted in “The Ethiopian Reporter” as saying “there was no such deal going on regarding the sale of Shell Ethiopia that he was aware of.” 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.

BP to Fight for Control of Venture

BP PLC will use "all legal means" at its disposal to fight its partners in TNK-BP Ltd., the U.K.-based company's chief executive said Tuesday, ratcheting up the tension in a dispute for control of the Anglo-Russian joint venture.

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.

Attacks Limit Shell’s Output Of Nigeria Oil

Royal Dutch Shell PLC said it won't be able to meet a significant chunk of its Nigerian oil-export obligations with customers for the next two months after militant attacks on its facilities early 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.

BP hits a record but warns of Russia risk

Colin Smith, analyst at Dresdner Kleinwort, said BP had a superior short-term growth outlook than 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.

Speculation about Sir David Varney, former Managing Director of Shell UK Limited

Sir David then left with part of his contract still to run. (Was he hoping to go to the Lords? Was he expecting another job offer? Speculation continues.)

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.

Nationals’ champion

For the likes of ExxonMobil, BP and Royal Dutch Shell, that means losing the most lucrative part of their business - the part they have relied on to achieve growth in production, revenue and reserves for much of their existence.

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: Soaring BP profit of £6.7bn draws fire from unions and motoring lobby

BP was under fire at home and abroad yesterday after reporting a 23% jump in first half profits to $13.4bn (£6.7bn) on the back of soaring oil prices and a strong performance from its endangered Russian joint venture, TNK-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.

Australia faces worse crisis than America

The world's financial storm has swept through Australia and New Zealand this week amid mounting signs of contagion across the Pacific region.

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.

Exercise caution in Russia, Tony Hayward warns investors

Speaking yesterday, during a press conference to announce BP's profit figures, Mr Hayward said: "Russia is quite a challenging place to do business."

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.

Where next for TNK-BP?

Gazprom seems the most obvious buyer. However, the state-controlled gas giant has huge investment ahead. Its willingness to spend on acquiring a stake in TNK-BP is uncertain - unless it could be tempted at a bargain price

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 Corrib Gas Pipeline Controversy Continues

For the Henry family in Erris, there seems to be no escaping Shell's security and monitoring despite never having been involved with the protesters opposed to the development

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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