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Posts on ‘June 2nd, 2011’

Cosan Jumps After Shifting More Debt to Raizen Venture With Shell

By Lucia Kassai and Andrew Herndon – Jun 2, 2011 8:38 PM GMT+0100

Cosan SA Industria & Comercio rose the most in a week after it transferring $3.3 billion in debt to a joint venture with Royal Dutch Shell Plc (RDSA), more than previously announced.

Cosan rose 93 Brazilian centavos, or 4 percent, to 24.06 reais at 4:34 p.m. in Sao Paulo trading, the most since May 25. Shell’s Class A shares fell 1.7 percent in London to close at 2,122 pence.

Cosan shifted about 5.24 billion reais ($3.3 billion) in net debt to the Raizen venture, the Barra Bonita, Brazil-based company said today in a regulatory filing. That’s more than the $2.8 billion in debt it said in August that would transfer to the new company, which was formally created today. 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.

Shell Says Delay in U.S. Offshore Oil Drilling ‘Highly Unusual’

By Katarzyna Klimasinska – Jun 2, 2011 3:53 PM GMT+0100

Royal Dutch Shell Plc (RDSA), blocked for about four years from developing 10-year Arctic leases purchased from the U.S., said the delays are “highly unusual” and undermine confidence in the federal offshore program.

The Hague-based company acquired oil leases in the Beaufort Sea in 2005, and added Chukchi Sea leases in 2008. Since then, Shell has been pursuing permits from drilling regulators and the Environmental Protection Agency. 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.

Serious allegations against a Senior Shell Executive

By John Donovan

We have received serious allegations from a purported insider directed against a senior Shell executive.

The insider equated the alleged odious activities of the relevant executive with the sex scandals surrounding Arnold Schwarzenegger, Dominique Strauss-Kahn and John Edwards. Reference was also made to a related article in Time Magazine.

The purported insider claims that the alleged serial infidelity involving Shell staff is widely known among employees within the relevant Shell company. 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.

DONOVAN EMAIL CORRESPONDENCE WITH SHELL INTERNATIONAL CONCLUDED ON 1 JUNE, 2011

Equally unforeseen, a CAS spook involved in the investigation of leaks to our website, has subsequently leaked information directly to us, including top secret Shell internal intel documents, one of which, we have already published.

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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