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Posts on ‘January 29th, 2009’

Girl shot dead in Nigerian Delta: father works for Royal Dutch Shell

An 11-year-old girl has been shot dead as she tried to prevent militants kidnapping her brother in Nigeria's oil-producing Niger Delta region. The armed men seized the boy as the two walked to school in Port Harcourt, capital of Rivers State. The children's father works for Royal Dutch Shell, a company spokesman said.

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Questor analyses the investment prospects of Royal Dutch Shell, the oil company…

Production in 2008 fell 2pc year-on-year due to problems in Nigeria with the militant Movement for the Emancipation of the Niger Delta (MEND), asset disposals and a lower production sharing volumes.

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

Shell posts 2.8 bln dlr loss on tumbling oil prices

LONDON (AFP) — Anglo-Dutch energy giant Royal Dutch Shell said Thursday it made a net loss of 2.81 billion dollars (2.15 billion euros) in the final quarter of 2008 as plunging oil prices slashed the value of inventories.

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Shell says pension funds underfunded by $12 bln

LONDON, Jan 29 (Reuters) - Royal Dutch Shell Plc (RDSa.L) said its various pension funds around the world were underfunded by $11.83 billion after market turbulence hit asset values.

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

Shell announces record profits of £700 a second

While Shell hailed the figures, which represented a 14 per cent rise on the previous year, the profit triggered anger from the trade unions. "Shell is still feasting while the rest of us face famine. Its profits are the biggest in UK history," said Derek Simpson, Unite's joint general secretary. "A compelling case still remains for a windfall tax on the greedy energy companies. Working families are struggling in the face of the recession, the redistribution of windfall profits would help support Britain through these difficult times."

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Shell Says Canadian Oil-Sands Production Costs Rise

Jan. 29 (Bloomberg) -- Royal Dutch Shell Plc, Europe’s largest oil company, said the cost of producing Canadian oil sands rose to about $38 a barrel last year, including fuel expenses.

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

Shell says all major projects on track

Reuters UK

Thu Jan 29, 2009 12:42pm GM

(Reuters) – Oil major Royal Dutch Shell Plc said all its major projects currently under construction were on track, despite concerns its U.S. refinery expansion programme was losing steam.

“All post-FID (Final Investment Decision) projects are on track for planned start up,” spokesman Adam Newton said when asked about a report that work on the Port Arthur refinery, which Shell co-owns with Saudi Aramco, had slowed.

The expansion is scheduled to be completed in 2010. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

Shell says oil sands focus on de-bottlenecking

Reuters India

Thu Jan 29, 2009 3:22pm IST

LONDON, Jan 29 (Reuters) – Oil major Royal Dutch Shell Plc (RDSa.L:QuoteProfileResearch) said its focus in the Canadian oil sands industry was on improving the functioning of its existing facilities rather than sanctioning new projects.

Chief Financial Officer Peter Voser said on a call with reporters on Thursday that cash costs in oil sands, including energy costs, is around $38/barrel.

(Reporting by Tom Bergin; Editing by Mike Nesbit)

 

Reuters Article read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

Shell Posts First Loss in 10 Years as Oil Prices Drop

Jan. 29 (Bloomberg) -- Royal Dutch Shell Plc, Europe’s largest oil company, posted its first quarterly loss in 10 years after lower oil prices reduced earnings from exploration and production and the value of inventories fell.

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Shell reports $2.81 billion loss in 4Q

International Herald Tribune

The Associated Press

Published: January 29, 2009

AMSTERDAM, Netherlands: Royal Dutch Shell PLC, Europe’s largest oil company, has reported a $2.81 billion net loss for the fourth quarter as the price of oil fell sharply and it wrote down the value of its inventory.

The company had $8.47 billion in net profit in the same period a year earlier.

The company said Thursday sales fell 24 percent to $81.1 billion. Crude production was down less than one percent to 3.42 million barrels per day, but Shell’s selling price fell 29 percent to $58.40 as the global economic slowdown hit demand. read more

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Bakersfield refinery may be idled indefinitely

The Santa Monica activist group has raised concerns to state officials that Shell Oil, a major crude supplier to Big West, may be withholding supply from the refinery. Shell is the former owner of the Bakersfield refinery and tried to close it several years ago before being forced by the state to sell it to boost competition. Christine Gasparac, a spokeswoman for the California attorney general's office, confirmed that the agency's antitrust section was investigating "whether [Shell] illegally refused to sell crude to Flying J or shut off pipeline access." Shell could not be reached for comment.

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

Picketers get rowdy in front of Shell refinery

MARTINEZ — Contra Costa sheriff's deputies were called to control a crowd of 100 steel worker union picketers when a protest in front of the Shell oil refinery got out of hand Wednesday afternoon.

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Shell confesses to challenging conditions

(SHARECAST) - Oil giant Royal Dutch Shell said industry conditions remain challenging as it announced lower fourth quarter earnings.

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Royal Dutch Shell Plc Fourth quarter and full year 2008 results and interim dividend announcement

29/01/2009

At 07.00 GMT (08.00 CET and 02.00 EST) on Thursday 29 January, 2009 Royal Dutch Shell plc released its fourth quarter and full year results and fourth quarter interim dividend announcement for 2008.

Jeroen van der Veer - Chief Executive

“We delivered satisfactory performance in the fourth quarter of 2008, given the pressure on demand for oil and gas due to a weaker global economy. Our strategy remains to pay competitive and progressive dividends, and to make significant investments in the company for future profitability. Industry conditions remain challenging, and we are continuing the focus on capital and cost discipline in Shell.” read more

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Shell annual profit hits $31.4bn

BBC News

Shell petrol pumps 

The recent drop in oil prices has trimmed Shell’s profits

Oil giant Royal Dutch Shell has announced a 14% rise in annual profits to $31.4bn (£22.3bn), helped by record oil prices over the summer.

However, profits for the final three months of 2008 fell by 28% compared with a year previously, from $6.7bn to $4.8bn, after oil prices dropped.

The fourth-quarter profit was also 56% lower than the previous quarter.

Oil prices reached $157 a barrel in July 2008 before falling dramatically to below $50 by the year end.

 

BBC News Article
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Former oil executive pleads guilty in fraud scheme

A former oil executive accused of diverting more than $1 million from a Shell Deepwater Development contract for his personal use has pleaded guilty to income tax evasion and mail fraud.

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com