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Posts on ‘July 15th, 2011’

This Day (Lagos) Nigeria: Shell Seeks Dialogue As Bayelsa Youths Protest

By Ejiofor Alike: 15 July 2011

Shell Petroleum Development Company (SPDC) has stated that it is in the process of engaging the protesting youths of Kolo Creek communities of Bayelsa State who tampered with the company’s installations in such a manner that poses serious threat to people and the environment.

This is coming at a time the German government has pledged to increase her level of involvement in Nigeria’s Liquefied Natural Gas (NLNG) project, which accords with the Federal Government’s determination to earn more revenue from gas than oil. 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.

ConocoPhillips to split in two; shares rise

Thu Jul 14, 2011 6:31pm EDT

* Signals shift away from ‘super-major’ strategy

* Split seen completed in first half of 2012

* CEO Mulva to retire upon completion of split

* Shares rise as much as 7.5 percent, but gains fade

* Mulva had said no to split in March (Rewrites to bring rivals higher, adds reserves graphic link and closing share price)

By Matt Daily and Anna Driver

NEW YORK/HOUSTON, July 14 (Reuters) – ConocoPhillips (COP.N) will spin off its refining arm in a bid to improve investment returns for shareholders, abandoning the bigger-is-better strategy that drove oil giants into mergers.

As an integrated oil major with exploration and production, as well as refining and marketing, ConocoPhillips ranked sixth globally and was often overshadowed by larger rivals such as Exxon Mobil (XOM.N), Royal Dutch Shell (RDSa.L) and Chevron (CVX.N). 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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