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Posts on ‘August 2nd, 2008’

Shell in £1billion deal with Russia oil firm

 

Times Online August 3, 2008

Shell in £1billion deal with Russia oil firm

Oil giant seeks asset-swap for stake in Sibir, its AIM-listed partner in Siberia, despite rival BP’s troubles in Moscow

ROYAL DUTCH SHELL has held preliminary talks with Sibir, the Russia-focused oil firm, about a £1 billion asset-swap deal that could see it acquire a sizeable stake in its smaller rival.

Shell and Sibir are equal partners in the Salym developments in western Siberia, estimated to hold more than 1 billion barrels of oil.

Talks have been held about a deal under which Shell would swap its 50% stake in the Salym fields for an equity holding in Sibir itself, according to industry sources.

Sibir, which has a £2.4 billion market value, is the largest company on London’s Alternative Investment Market and is expected to be promoted to the blue-chip FTSE 100 index this year. read more

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.

Angry Shell Ethiopia employees accuse Shell of discrimination and infringement of human rights

The demonstration which was held on July 23, 2008 is one of the various moves that the employees are planning to do until their demands are met. Such moves might go to a larger scale that can lead to strike, press releases, media, etc.

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.

Obama shifts position on offshore oil drilling

Democratic presidential candidate Barack Obama said Friday he would be willing to support limited additional offshore oil drilling if that's what it takes to enact a comprehensive policy to foster fuel-efficient autos and develop alternate energy sources.

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.

The Niger Delta: The curse of the black gold

Mend's attacks on oil installations, including one on a Shell offshore field in June, have cut the country's oil production by at least 20 per cent. As a result, Angola has now overtaken Nigeria as Africa's largest oil producer.

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.

Chevron’s Net Rises 11%, But Refining Takes a Hit

But the second-largest U.S. oil company by market value also echoed the themes of weak refining performance and production declines that tarnished quarterly results of peers Exxon Mobil Corp. and Royal Dutch Shell PLC this week.

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.

Former manager made ‘smash and grab’ raid on UBS: Shell CFO Peter Voser is a director of “the embattled Swiss bank”

UBS, the embattled Swiss bank, yesterday accused a group of former and departing executives backed by Goldman Sachs of orchestrating a “smash and grab raid” that devastated the bank’s UK wealth management arm.

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 Oil makes record donation to Houston Technology Center

Friday, August 1, 2008 – 2:28 PM CDT  |  Modified: Friday, August 1, 2008 – 2:31 PM

Shell Oil makes record donation to Houston Technology Center

Houston Business Journal

Shell Oil Co. has made a record $100,000 donation to TheHouston Technology Center.

The donation to HTC, a nonprofit business accelerator and the largest technology business incubator in Texas, will be used to assist with the commercialization of emerging technology companies.

For the full article go to…

http://www.bizjournals.com/houston/stories/2008/07/28/daily52.html

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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