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Posts on ‘August 1st, 2008’

Exxon Rides High on Profit, Loses Ground on Output

Shell's total oil and natural-gas production was down 1% to 3.05 million barrels of oil equivalent a day, from an average of 3.09 million barrels of oil equivalent a day in the same period a year earlier. The numbers exclude Canada's oil-sands production.

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

Shell Reports 33% Profit Increase

At a news conference, the CEO moved swiftly to fend off calls for a windfall tax, saying the company needed the cash to pump more crude for oil-thirsty markets. "We are making very large profits; I know that. But we are making very large investments," Mr. van der Veer said.

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

Shell profits up despite new Nigeria attack

Royal Dutch Shell is losing 40,000 barrels of Nigerian oil every day after militants destroyed a pipeline this week, the company’s chief executive said yesterday.

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

Russia’s Medvedev warns officials against ‘terrifying’ businesses

In an address to Russian ministers yesterday, Mr Medvedev said "law enforcement and state institutions should stop terrifying business" - a comment widely interpreted as a response to the escalating TNK-BP battle.

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

Shell eyes Iraq as Nigeria raids continue

Mr Van der Veer said: "We went through a difficult period in Russia a couple of years ago but have a long-term vision there and intend to continue to play a part in the country. In terms of Nigeria, we have a high appreciation of all of our staff that work there and understand that it is a challenging situation

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

Oil: Tar sands less damaging than coal, insists Shell

The Co-op and the wildlife group WWF announced this week that they were calling a meeting of ethical investment funds in September to try to put pressure on governments not to buy any oil supplies coming from tar sands.

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

Shell rejects windfall tax calls as high oil price boosts profits

However, Mr van der Veer rejected talk of calls for a windfall tax on the oil majors, saying, "I don't see why it will help consumers in the long term" as it would limit its ability to invest in sourcing supplies in the future. An industry source said the majors didn't profit hugely from retail sales, making about 1p per litre sold at the pumps.

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

US forces Statoil to hold back from Iran operations

The decision by Statoil follows similar statements from Total of France and Royal Dutch Shell.

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

Shell plans to invest $36bn

The company yesterday unveiled the largest expenditure programme in its history, saying it would spend $36bn (£18.2bn) in 2008 compared with $25bn last year, as it seeks new sources of oil and gas to boost reserves and production and to exploit existing resources better.

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.
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