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Posts on ‘January 29th, 2012’

Profits at Shell set to anger drivers

Published on Sunday 29 January 2012 00:00

HIGHER annual and quarterly profits from oil heavyweight Royal Dutch Shell are this week expected to ignite the fury of hard-pressed drivers who continue to face near record prices at the petrol pump.

But the figures are likely to spell good news for investors as analysts raise the prospect that Shell, which boasts one of the largest dividends on the FTSE, may recommend an increase in the pay-out.

Although both full-year and quarterly numbers will be released, the City will focus on profits for the last three months of 2011, which are expected to be about 20 per cent higher compared to the same period in 2010. 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.

Analyst: Nova Scotia offshore just one of Shell’s interests

January 29, 2012 – 4:35am By JOANN ALBERSTAT Business Reporter

Shell’s renewed interest in offshore Nova Scotia is part of a plan to expand its exploration efforts globally, an industry analyst says.

Mark Gilman, an oil and gas analyst with the Benchmark Co., said the petroleum giant has been on a lease-buying spree over the last year or two after previous projects failed to produce results.

“One might call it an accelerated upstream reinvestment drive after a period in which their upstream results had delivered somewhat less than they might have hoped,” he said in an interview earlier this week from New York. 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.

Union says U.S. refinery workers strike more likely

By Erwin Seba

HOUSTON | Sat Jan 28, 2012 11:16pm EST

(Reuters) – The United Steelworkers union warned on Saturday that a strike by U.S. refinery workers as early as 12 a.m. Wednesday was becoming more likely due to “the lack of a more substantive response from the industry.”

Union and oil company negotiators have been meeting since January 17 to hammer out a new three-year agreement for workers at nearly two-thirds of U.S. refining capacity.

Union negotiators have not sent out a similar warning to refinery workers in the past three rounds of contract talks with the industry. 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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