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Posts on ‘November 4th, 2008’

Japan Inpex acquires Brazil block stake from Shell

TOKYO, Nov 4 (Reuters) - Japan's top oil and gas explorer, Inpex Corp said on Tuesday it has received the Brazilian authorities' approval to acquire a 20 percent interest in offshore block BM-C-31 in Brazil from 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.

Leave petrol retailing to the professionals not to the oil men

Tesco they do know what retailing is all about...

Tesco they do know what retailing is all about...

Alastair Darling’s (30th October) call for Shell and the other oil majors to reduce the pump price of petrol reveals an ignorance of how the oil business really works. There is little modern case for Shell, BP or the rest of the oil companies to be involved in petrol retailing at all. There are no vertically integrated benefits any more – every internal transaction (from wellhead to pump) is done at a market value related transfer price. So Shell’s petrol station business in the UK receives its product at an open-market determined price – exactly the same price basis as an independent (like Tesco) would pay to a refiner or trader. That price is precisely linked to Crude Oil prices. The resultant pump price (before duty and tax) is determined by this acquisition cost and influenced on the margin by competition in the local trading area. 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.

Crude Oil Falls 5.8% on Demand Concerns

Crude-oil futures fell on signs that a widening economic slowdown may freeze growth in petroleum demand next year.

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.

Mergers are getting done faster as volatility grows

Royal Dutch Shell PLC's $5.5 billion acquisition of Canada-based Duvernay Oil Corp., declared in July, was completed in 40 days.

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.

Statoil chief says mergers likely as industry faces turbulence

The oil industry faces several years of turbulence that could trigger a new wave of consolidation, according to Helge Lund, chief executive of Norway's national oil company StatoilHydro.

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.

SSE in £308m wind farm deal with RWE

Yesterday's deal was a fillip for the offshore market, which took a blow this year when Shell pulled out of the biggest planned offshore wind farm, the London Array, amid spiralling costs. Dong Energy and Eon, the other partners in the London Array, found a new partner in Abu Dhabi's Masdar initiative last month.

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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