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Posts on ‘November 30th, 2009’

Shell: Talks On Sale Of European Refineries To Essar Extended

THE WALL STREET JOURNAL

NOVEMBER 30, 2009, 5:55 A.M. ET

LONDON (Dow Jones)–Exclusive talks between Royal Dutch Shell PLC (RDSB.LN) and India’s Essar Oil Ltd. (500134.BY) over the sale of three European refineries will continue for an unspecified period beyond Monday’s deadline, a Shell spokesman said.

“Shell and Essar jointly confirm that negotiations for the sale and purchase of our three refineries at Stanlow and Germany will continue beyond the end of November,” the spokesman said.

As part of plans to sell 15% of its global refining capacity, or about 600,000 barrels a day of capacity, over the next three years in a restructuring program, Shell is selling the Heide and Harburg refineries in Germany and the Stanlow plant in the U.K. 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.

Cold wind rules don’t apply to Shell Fat Cat bonuses

Financial Times

Oil and gas chiefs win bonuses in spite of missing their targets

By Carola Hoyos, Chief Energy Correspondent

Published: November 30 2009 02:00 | Last updated: November 30 2009 02:00

Several oil and natural gas companies in the US and Europe boosted their chief executives’ remuneration last year, in spite of often missing performance targets or other measures of investor value, data collected by the Financial Times show. 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.

Carbon trading could be worth twice that of oil in next decade

Peter Voser, Shell's chief executive, has called on governments to introduce a carbon tax or a minimum price for CO² because – as he told the Guardian – the ETS was failing to deliver sufficient incentives to kickstart expensive technologies such as carbon capture and storage (CCS).

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.

Caltex Shares Up 6.1% On Hope Of ExxonMobil Deal Approval

In an interesting observation, Macquarie's Wood said that blocking the deal would make it hard for Australia's federal government to push Caltex to buy ExxonMobil and Royal Dutch Shell Plc's Australian refining assets on energy security grounds, if they should decide to sell them.

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 axes 100 Australian workers in restructure

ABC NEWS

Monday 30 November 2009

About 100 Shell Australia employees will lose their jobs under a company restructure.

Shell employs about 3,000 people across the country and has refineries in Victoria and New South Wales.

Spokesman Paul Zennaro says the job losses will not be concentrated in any specific area of the company.

“We’ll implement a simpler business model with quicker decision-making and be better able to serve our customers,” he said.

“Unfortunately, as part of that Shell expects about 100 people or about 5 per cent of our workforce to be made redundant as part of the reorganisation of our business.” 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.

Poisonous legacy of Motiva Delaware City Refinery

The refinery's various owners have been investigating soil and groundwater contamination for decades under state and federal oversight. Serious groundwater pollution problems extend as much as 180 feet underground, and more than a mile south of the property. Some of the site's worst pollution problems remain the responsibility of Premcor and Motiva Enterprises, the refinery's previous owners...

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 plans restructure in Australia

ABC News

Monday 30 November 2009

The oil and gas company Shell is restructuring some of its Australian business.

A new role has been created to lead the local petroleum manufacturing operations, and the company will conduct a reorganisation of the business next year.

It is understood staff at company headquarters in the Melbourne suburb of Hawthorn will be informed of the proposal today.

Shell employs about 3,000 people in Australia, with refineries at Geelong in Victoria and Clyde in New South Wales. 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.
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