Royal Dutch Shell Group .com
MAY 2005 SHELL NEWS HEADLINES
Sunday, 1 May 2005
ExpressIndia.com: Iran says expects to
win bid to buy Basell: “Iran said it was better-placed to buy polymer joint
venture Basell than its Indian rivals and expects to be the final winner in the
sale process…” (ShellNews.net) 1 May 05
Monday,
2 May 2005
THE NEW YORK TIMES: A Promise
Unfulfilled: Iraq's Oil Output Is Lagging: “Any major decisions
on oil development must also await the results of a technical study, being
conducted by British Petroleum and Royal Dutch Shell, that
will chart the state of the country's oil fields and assess the most promising
next steps.” (ShellNews.net) 2 May 05
Los Angeles Times: Texaco Aims to Regain
Star Status in U.S.: Its parent company is converting gas stations, hoping to
ride on the brand's long history.: “Odd as it sounds, the U.S. arm of
ChevronTexaco Corp. is getting back into the business of Texaco.”: “To get their
merger cleared by antitrust authorities, the companies sold exclusive rights to
the Texaco brand for three years to a group led by the
Shell division of Royal Dutch/Shell Group.”
(ShellNews.net) 2 May 05
The Independent (UK): Shell suffers Oman
oilfield setback: “Shell,
the oil company, suffered a fresh blow yesterday after it lost the right to
develop a large oilfield in Oman after a dispute
over how to boost output.”: “The news may come as a setback for Shell, which is
seeking to boost reserves that took a hit last year after it overbooked on
several large projects.” (ShellNews.net) 2 May 05
BLOOMBERG:
Occidental Ousts Shell in Developing Oman Oil Field:
“Occidental Petroleum Corp., the fourth- largest U.S. oil company by market
value, will replace Royal Dutch/Shell Group in a $2 billion oil field project in
Oman.” (ShellNews.net) Posted 2 May 05
Stuff.co.nz (New Zealand):
Pohokura partners in row:
“The $1 billion development of the crucial Pohokura gasfield may be slipping
behind schedule because of a
bitter row between
energy heavyweights Shell New Zealand and Todd Energy
over operating key New Zealand gasfields.”:
“Shell and Todd are developing Pohokura through Shell Todd Oil Services (STOS),
a 50:50 unincorporated joint venture, but the
arrangement appears close to
disintegration with their disputes spilling over into the High Court.”
(ShellNews.net) 2 May 05
Tuesday, 3 May 2005
Reuters:
Shell agrees
gas exploration deal with Libya:
“Shell, which is grappling with falling production and dwindling oil and gas
reserves, said on Tuesday that the deal was an important step in rebuilding its
resource base.” (ShellNews.net) 3 May 05
THE WALL
STREET JOURNAL: Shell to
Return to Libya With Natural-Gas Deal:
“The return to Libya may help boost the oil major's dwindling reserves and
strengthen its position as the world's largest producer of liquefied natural
gas, or LNG.”(ShellNews.net)
3 May 05
BBC NEWS:
Shell forges Libyan gas agreement: “The
deal is seen as key for Shell,
as it tries to rebuild investor trust after overstating its reserves.”
(ShellNews.net) 3 May 05
THE WALL STREET JOURNAL: Shell To Delay Repairs To Mars Tension Leg Platform:
“Royal Dutch/Shell Group unit Shell Exploration & Production Co. has for the
second time delayed repairs planned for its Mars oil and gas platform in the
Gulf of Mexico” (ShellNews.net) 3 May
05
New Zealand Herald: Gasfield row erupts
into Appeal Court: “Todd and Shell have fallen out over their joint-venture
company, Shell Todd Oil Services, which is the field’s operator.”
(ShellNews.net) 3 May 05
THE
NEW YORK TIMES: With Little Fanfare, a New
Effort to Prosecute Employers That Flout Safety Laws: “…Motiva Enterprises, an
oil refining company partly owned by Shell Oil, pleaded
guilty to endangering workers negligently and committing environmental crimes in
Delaware. The company was ordered to pay a $10 million fine and sentenced to
three years' probation”
(ShellNews.net) Posted 3 May 05
BlueOregon:
Screwed
by Shell Oil: Welcome to
the free market, Brent: “Brent DeHart is a member of the Salem City Council, a
former president of the state gasoline dealers' association, and an independent
dealer of Shell gasoline. And by all accounts, a pretty nice guy.”: “Shell
is deliberately pricing their gas higher for him in order to drive him out of
business.”
(ShellNews.net) 3 May 05
Bend.com:
Website launched to protest Shell's pricing: “Brent DeHart, co-owner of DeHart’s
Mission Street Shell in Salem Oregon launched a website called
screwedbyshell.com
to protest price discrimination policies”: “One of the purpose of the website is
to provide a way for other independent Shell station owners to share their
frustrations about Shell Oil.”
(ShellNews.net) 3 May 05
THE NEW YORK TIMES:
Oil giants empowered, majors weakened:
“State-owned oil giants in producing nations are cementing control over much of
the world's reserves…”: “At a meeting of OPEC and oil majors in Vienna last
year, the big six majors -- ExxonMobil, Shell, BP, Total, ChevronTexaco and
ConocoPhillips -- got a cool reception when they met OPEC and called for easier
access to Middle Eastern reserves.” (ShellNews.net) Posted 3 May 05
The
Guardian (UK): Europe adapts to globalisation and investor unrest: “He
insisted that even the most stringent rules would not prevent scandals.
"In the US we have just seen the scandal at insurer AIG and it was Sarb-Ox
compliant. We will still have the WorldComs or
Enrons or Parmalats or Aholds even when laws exist with codes on top.":
“companies like Shell
and Unilever are adopting this system and
giving up the two-tier system…” ShellNews.net) 3 May 05
Wednesday,
4 May 2005
THE WALL STREET JOURNAL:
Shell, BASF Near Plastics-Venture Sale: “…to an Indian group for more than €4
billion ($5.14 billion)” (ShellNews.net) 4 May 05
The
Guardian (UK): Shell steps on the gas as Libya
comes in from the cold: “Malcolm
Brinded, Shell's executive director of exploration and production, said his
company was "delighted" to be back there.” (ShellNews.net) 4 May 05
THE TIMES (UK): Shell plans to pump £340m into
Libya for gas exports (ShellNews.net) 4 May 05
FINANCIAL TIMES: SHELL EXCITED BY LIBYAN
GAS DEAL WITH ACCESS TO FIVE BLOCKS (ShellNews.net) 4 May 05
FINANCIAL TIMES: Shell hopes loss of Omani field is just a warning: “Royal
Dutch/Shell's loss of the right to develop the Mukhaizna field in Oman is a
serious blow to the oil company as it tries to recover from last year's reserves
overbooking scandal.” (ShellNews.net)
4 May 05
Lloyds List: Halliburton wins Shell contract:
“HALLIBURTON has secured a $24m contract from Shell Exploration ' Production to
provide integrated drilling services in the Gulf of Mexico for two years.”
(ShellNews.net) 4 May 05
THE
NEW YORK TIMES: ChevronTexaco Overhauling Aid to Nigeria: “ChevronTexaco Corp.'s
statement follows a similar admission by Shell last year…”
(ShellNews.net) 4 May 05
THE NEW YORK TIMES: Shell, Libya
Reach Gas Exploration Deal (ShellNews.net) 4 May 05
Thursday, 5 May 2005
The Guardian (UK):
US
lobbying scuppers Shell sale to Iran:
“Shell appears to have bowed to American pressure and backed out of a $4.4bn
(£2.3bn) plan to sell a chemical business to Iran, for fear of damaging its
extensive US interests.” (ShellNews.net) 5 May 05
Financial Times: Bounty hunters: “Royal
Dutch/Shell employees in the UK will qualify for a £1,800 payment, before tax,
if they refer a successful candidate to fill vacancies for experienced technical
staff in exploration and production.”
(ShellNews.net) 5 May 05
Financial Times: Total frustration: “A
few weeks earlier,
Total boss Thierry Desmarest scotched speculation he
was interested in bidding for Anglo-Dutch rival Shell.”
(ShellNews.net) 5 May 05
Financial Times: Access close
to €4bn deal for Basell: “The Access-led team is understood to have beaten
National Petrochemical Company, the Iranian state-owned oil group, to win Basell
after fears emerged that a deal with Iran would contravene US sanctions.
(ShellNews.net) 5 May 05
THE TIMES (UK):
US 'forced' Shell and BASF
to reject bid from Iran:
“SHELL and BASF succumbed to pressure from Washington when they turned down a
€4.4 billion (£3 billion) Iranian bid for Basell, their chemicals joint venture,
said the managing director of Iran’s National Petrochemical Company (NPC).”
(ShellNews.net) 5 May 05
THE WALL STREET JOURNAL: SEC Asks Total,
Hydro To Disclose Iran Payments –Source: “According to a person familiar with
the matter,
heavy pressure from the U.S. has in
recent days deterred Shell from selling its Basell petrochemical joint venture
to Iran's National Petrochemical Co.”
(ShellNews.net) Posted 5 May 05
Friday,
6 May 2005
IranMania.com:
Shell 'no comment' on US blocking NPC purchase
(ShellNews.net) 6 May 05
Daily Telegraph (UK): Iran loses
race for Basell due to US pressure (ShellNews.net) 6 May 05
Financial Times: Basell sold in €4.4bn deal:
“Royal Dutch/Shell and BASF have sold their
plastics joint venture, Basell, for €4.4bn ($5.7bn) to a consortium led by
Access Industries of the US and India's Chatterjee Group.”
(ShellNews.net) 6 May 05
The
Independent (UK): BP's Russian oligarch buys
Shell plastics joint venture for £3bn:
“Shell and BASF had looked set to sell the business to Iran's state-owned
National Petroleum Company, which offered the highest price in the auction.”
(ShellNews.net) 6 May 05
Financial Times: Digital dawn for black-gold
diggers: “In a darkened room, a group of Royal
Dutch/Shell technical experts don virtual reality goggles and reach for their
keyboards to direct the drilling of an oilfield thousands of miles away. They
are in the oil company's exploration and production headquarters in the
Netherlands, but the oil lies beneath the Gulf of Mexico.
(ShellNews.net) 6 May 05
The Guardian (UK):
Shell sells plastics unit to Russian billionaire:
“Shell yesterday sold its plastics business for euros 4.4bn (pounds 3bn),
appearing to bow to American pressure against selling the group to Iran.”: “Shell
was keen to sell Basell since it was an important part of a strategy to dispose
of up to $15bn worth of assets as it restructures following the oil reserves
scandal last year. Last year, it
emerged that Shell had overstated its reserves by almost a quarter, resulting in
the departure of chairman Sir Philip Watts and a pounds 17m fine from the
Financial Services Authority for misleading
the markets.” (ShellNews.net) 6 May
05
BLOOMBERG: BASF, Shell to
Sell Basell to Access, Chatterjee (Update4): “BASF
AG and Royal Dutch/Shell Group agreed to sell their Basell NV plastics joint
venture for 4.4 billion euros ($5.7 billion) to companies controlled by Russian-
born billionaire Len Blavatnik and an Indian entrepreneur after bowing to U.S.
pressure to reject Iranian offers.”: “Shell is increasing spending on
exploration after it last year said it had
misled
investors on reserves for years.”
(ShellNews.net) Posted 6 May 05
THE WALL STREET JOURNAL:
Shell, BASF Sell Plastics Venture To Consortium for $5.7 Billion
(ShellNews.net) Posted 6 May 05
Saturday, 7 May 2005
Financial Times: MONEY - INVESTING: High oil price offsets reserve fears: “Given
its travails over the past year and a half, it is surprising that Royal
Dutch/Shell has so many fans in the investment community. The company was forced
to cut its level of proven oil and gas reserves, a key measure of an energy
group's underlying health, by a third last
year. This led to the acrimonious
departure of its three most senior executives,
$150m of fines
from US and UK stock market regulators and
several class action lawsuits.
Shell replaced just one in five of the barrels of oil
and gas that it extracted and sold last year, another sign of how poorly the
company is doing relative to its peers.":
”...while the short-term rationale appears compelling, the longer view is more
murky. Merrill Lynch harbours reservations on
"re-investment quality, strategic direction and management vision".
Shell's production of oil and gas has fallen and is expected to be stagnant at
best for the next few years": (ShellNews.net) 7 May 05
THE WALL STREET JOURNAL: Libya Govt Gives Go-Ahead
For New Energy Auction-Official: “Monday, Royal Dutch/Shell Group
reached a comprehensive agreement for gas exploration and liquefaction with NOC,
its first major project in the country in 30 years. The return to Libya is seen
as a way to boost the oil major's dwindling reserves and strengthen its position
as the world's largest producer of liquefied natural gas.”
(ShellNews.net) Posted 7 May 05
Sunday, 8 May 2005
THE
BUSINESS (EU): Shell’s change of tack puts it back on course: “For
the first time in what seems an age, the good news for Shell is beginning to
outweigh the bad.”
(ShellNews.net) 8 May 05
The Independent (UK): Power to the
people in the fight against corporations.
Fed up with a product, service or company? Then share it with millions online:
“Richard Dobbie, a graphic designer, started a site - www.shellpluspoints.co.uk
- last year to protest about the problems he claimed to have endured with the
pluspoints loyalty scheme operated by petrol station giant Shell.
(ShellNews.net) Posted 8 May 05
THE
TIMES (UK): PERSONAL INVESTOR: The best isn’t too much of a good thing:
“This summer, Shell will, barring accident,
lift its weighting from 3 per cent to 7 per cent of the FTSE all-share index
when it merges with its Dutch bigger half.” (ShellNews.net) Posted 8 May 05
THE WALL STREET JOURNAL:
Chavez: Venezuela May Charge Oil Companies Back
Taxes: “The tax hike on operating agreements hits a number of foreign companies
including ChevronTexaco (CVX) and Royal Dutch Shell
(RD,SC), among others.” (ShellNews.net) Posted 8 May 05
Monday,
9 May 2005
Process & Control Today (UK): Shell
Agrees Libyan Exploration Deal: “Shell’s Executive Director for Exploration and
Production, Malcolm Brinded, said: “We are delighted to be back in Libya and
honoured to work together with NOC to develop a modern LNG industry, and explore
for and develop gas in the prolific Sirte Basin.” (ShellNews.net) 9 May 05
Asia.News:
Shell/Total venture cautious on Saudi gas hopes:
“Saudi Arabia's first international joint venture gas exploration project has
only a one in five chance of finding commercially viable gas reserves in the
vast Empty Quarter, its chief executive said on Sunday.” (ShellNews.net) 9 May
05
Fort Worth Star Telegram: American policy,
courtesy of Beavis & Co.: “Exxon Mobil's
profits are up 44 percent, Royal Dutch/Shell up 42 percent, etc.
According to the business pages, the biggest problem that oil executives face is
what to do with all their cash. So why give more tax breaks to the oil
companies?”: “American energy policy --
written by Beavis and Butt-Head.”
(ShellNews.net) Posted 9 May 05
Tuesday, 10 May 2005
Lloyds List: Shell to begin life on Mars
after respite in ocean conditions (ShellNews.net) 10 May 05
Lloyds List: North Asian gas import
prices will rise as demand increases: “Peter de Wit, president of Shell Gas '
Power, Asia- Pacific, said the industry was witnessing the emergence of a more
inter-connected global LNG market which was likely to lead to 'greater
volatility in the Asia-Pacific market and higher prices.' (ShellNews.net) 10 May
05
Yahoo Business News: Shell
Transport & Trading Co. plc: First Quarter 2005 Unaudited Condensed Interim
Financial Reports (ShellNews.net) 10 May 05
Yahoo Business News (Australia): MALAYSIA
BUSINESS BRIEFS: Shell Refining In Financing
Deal (ShellNews.net) 10 May 05
THE WALL STREET JOURNAL: Aramco Mulls
Domestic IPO For $5 Bln Export Refinery: "ExxonMobil (XOM) and
Royal Dutch/Shell (RD SC) already operate joint
venture refineries in the kingdom, and Shell is among the first foreigners to
enter the upstream sector, exploring for gas."
(ShellNews.net) Posted 10 May 05
Wednesday,
11 May 2005
THE WALL STREET JOURNAL:
Qatar Hopes For Big Payoff From `Green' Diesel
Investment: "It's a beautiful
product," says Jim Jensen, a Massachusetts-based energy economist. "The kerosene
smells like perfume." In all, some $20 billion has been committed to build an
unprecedented array of clean diesel plants in this Gulf shore industrial park.
Those chipping in include oil titans Royal Dutch/Shell Group, ChevronTexaco
Corp. and Exxon Mobil Corp. “Shell is already
selling the fuel in Thailand, The Netherlands, Greece and Germany,
charging slightly more than its oil-based diesel.
In Europe, Shell calls the fuel V-Power Diesel.”
(ShellNews.net) Posted 11 May 05
Financial Times: Light sweet
temptation: “What next for BG?”: “A 44 per cent rise in profits mirrors the
success of BP and Shell. Its two larger rivals, however, could not match a 7 per
cent year-on-year increase in production.” (ShellNews.net) 11 May 05
The
Guardian (UK): Gas price fuels 44% BG profits rise: “While
Shell and even ExxonMobil saw a decline in their first quarter output, BG's
production rose 7% on the same quarter
last year to reach 43.7m barrels of oil equivalents.” (ShellNews.net) 11 May 05
Daily Telegraph (UK): BG (aka Bid Gossip) is
not likely to be gobbled up soon: “The thing
about being a little fish in a big pond is that you either grow to fill it or
get gobbled up by a bigger one. It's
an intriguing position for BG Group, the former exploration arm of British Gas
that's swimming with sharks such as BP and
Shell. Nicknamed Bid Gossip by some
for the persistent takeover rumours, it is also growing rapidly.”
(ShellNews.net) 11 May 05
The Guardian (UK): Rapid return to nuclear power ruled out: “Sir David King, the
government's chief scientist in charge of energy research and development, said
speculation that nuclear power would make a comeback was premature.”: “He
said if the industrial world burned all the coal and gas reserves without
capturing the carbon produced, there would be massive climate change and "by
2100 major problems".
He said he was talking to the chief executives of
Shell and BP about the problem and was encouraged.”
(ShellNews.net) 11 May 05
THE
TIMES (UK): Big is beautiful in a world of scarce energy resources: “Together,
BP and Shell have invested about $1 billion in solar cells, but it remains a
fringe activity, an inefficient technology that loses money.”
(ShellNews.net) 11 May 05
THE
TIMES (UK): Need to Know: Global Business Briefing: Natural Resources: “Royal
Dutch/Shell, the Anglo-Dutch oil group, has signed an exploration deal with
Naftogaz of Ukraine to explore 30,000 sq km within the Dniepr-Donets basin”
(ShellNews.net) 11 May 05
AFX
Asia (Focus): Hong Kong's Towngas in JV deal
with Shell (China) in Hangzhou: “In a
statement, Towngas said it and partners Shell and Hangzhou Gas (Group) will set
up a new joint venture which will construct a 117-kilometer pipeline and two
natural gas city gate stations in Hangzhou.” (ShellNews.net) 11 May 05
iWon.com:
Iran Officials Say Shell Still After Key Oil Field Deal: “Only
days after appearing to bow to intense U.S. pressure to withdraw from their
reported talks with Iran on a petrochemicals deal, executives from Royal
Dutch/Shell Group (RD,SC) are due in Tehran - this time to negotiate a role in
one of the country's largest oil developments…”
(ShellNews.net) Posted 11 May 05
Yahoo Business News: Iran Officials Say
Shell Still After Key Oil Field Deal (ShellNews.net) 11 May 05
London Evening Standard: Shell pressed to take new faces
aboard: “F&C corporate governance
chief Karina Litvack and director Richard Singleton… are encouraging companies 'to
write into contracts a degree of personal liability for fraudulent or negligent
behaviour'.:
“Investors were later shocked to read an email
from former exploration boss Walter van de Vijver to former group chairman Sir
Philip Watts in which he said: 'I am becoming sick and tired about
lying about the extent of our reserves issues.'
(ShellNews.net) Posted 11 May 05
The
Washington Times: Ukraine natural gas exploration with Shell: “London-based
Shell Exploration and a Ukrainian gas company Tuesday announced an agreement to
explore and produce natural gas.”
(ShellNews.net) Posted 11 May 05
THE WALL STREET JOURNAL:
Shell To Work With Ukraine Naftogaz On Gas Exploration: " A person close to
Shell said the deal, the first of its kind in Ukraine for an international oil
major, could help the Anglo-Dutch company gets a foothold into the country's
hydrocarbons reserves." (ShellNews.net) Posted 11 May 05
THE WALL STREET JOURNAL: Venezuela To Bill Oil Firms
4 Yrs Of Back Taxes: Official
(ShellNews.net) Posted 11 May 05
Thursday,
12 May 2005
THE WALL STREET JOURNAL: Shell Forms
$91M JV To Build Gas Pipeline In East China
(ShellNews.net) Posted 12 May 05Financial
Times: Global interest in QP projects: "Oil majors struggling to replace their
energy reserves have been competing hard to gain access to Qatar's natural gas
reserves, the third-largest in the world. Following a flurry of deals announced
earlier this year, the country has now
declared a moratorium on new projects.":
“Analysts
said Shell would be the most affected.
The Anglo-Dutch group has a stake in only one project and could ill-afford a
reduction in its holdings after being forced to scale back its reserve figures
last year.
Shell declined to comment.” (ShellNews.net) 12 May 05
Yahoo
Biz: MALAYSIA PRESS: Shell Refining To Sign MYR532M Loan Pact: “Shell
Refining, which operates an oil refinery south of Kuala Lumpur, has MYR577.6
million in outstanding unsecured term loans, the report says.”
(ShellNews.net) 12 May 05
New Straits Times (Malaysia):
Shell Refining seeks new loan to repay debt
(ShellNews.net) 12 May 05
The
Guardian (UK): Pass the butty: “There is an
insular feel about Unilever redolent of another troubled Anglo-Dutch group,
Shell, accentuated by the fact that Shell boss Jeroen van der Veer recently
joined the Unilever board. This rather dull Dutchman has his own work cut out
trying to turn around Shell, where he is chief executive,
and that may be why he was not at the Unilever meeting. (ShellNews.net) 12 May
05
Daily Telegraph (UK): The poorly
travelled need not apply: “Oil firm Shell International has also seen overseas
assignments become more fluid. For starters international business managers
don't have to be sitting down the corridor from their teams any more, says David
Pappie, global manager of attraction and recruitment. They can be 5,000 miles
away and only meet up twice a year but still be in constant contact through
phone, email or video conferencing.” (ShellNews.net) 12 May 05
THE WALL STREET JOURNAL: Shell Forms
$91M JV To Build Gas Pipeline In East China
(ShellNews.net) Posted 12 May 05
Friday,
13 May 2005
THE TIMES
(UK): Need to Know: “Repsol YPF, the Spanish-
Argentine oil and gas group, said that it was in talks with private equity
companies over a joint bid for the liquefied petroleum gas unit of Royal
Dutch/Shell…” (ShellNews.net) 13 May
05
Business Times (Malaysia): Shell unit to prepay outstanding balance of RM1.4b
loans (ShellNews.net) 13 May 05
THE WALL STREET JOURNAL: Shell Solar
Gets 1.28 Mln Euro China Solar Power Contract
(ShellNews.net) Posted 13 May 05
Hong
Kong Standard: Shell, PetroChina gas project revived:
“The supermajor and PetroChina are close to signing a final agreement to jointly
develop the Changbei gas field in northwest China's Ordos Basin, Shell's first
onshore upstream development in the country, sources said.”
(ShellNews.net) 13 May 05
THE WALL STREET JOURNAL: Oil
Firms Under The Gun In Revenue-Hungry Venezuela: “Chavez has accused oil firms
of "robbing" the country for years, and has said the firms need to pay old debts
or leave.” (ShellNews.net) Posted 13 May 05
Saturday,
14 May 2005
Planet Porto Alegre (Brazil): Sakhalin’s
treasures: “Shell wants
the oil from the Russian Seas. Environmentalists denounce the risk of extinction
regarding the Pacific Gray Whales”: “Although the oil is not important to the
gray whales, it does attract other terrible “predators” like Royal
Dutch/Shell”
(ShellNews.net) 14 May 05
Sunday,
15 May 2005
THE NEW YORK TIMES: Diesel From Natural Gas
Could Cut Smog:
“gas-to-liquids (GTL)":
“In all, some $20 billion has been committed
to build an unprecedented array of clean diesel plants in this Gulf shore
industrial park. Those chipping in include oil titans Royal Dutch/Shell Group,
ChevronTexaco Corp. and Exxon Mobil Corp…”: “The
largest GTL plant now producing is Shell's plant in Bintulu, Malaysia, churning
out 14,700 barrels per day.”
(ShellNews.net) 15 May 05
THE NEW YORK TIMES:
A Look
at the
Gas - To -
Liquids Ventures:
“ROYAL DUTCH/SHELL GROUP: Shell's $6 billion Pearl GTL plant will house 24 GTL
reactors churning out 70,000 barrels per day by 2009 and 140,000 a few years
later.”
(ShellNews.net) 15 May 05
Scotland on Sunday: Shops say it
will be business as usual: “Concerns about a major shutdown were sparked when it
emerged McDonald’s and Shell garages will close on the weekend of July 2, when
200,000 protesters are expected for a Make Poverty History march.”
(ShellNews.net) 15 May 05
BruneiDirect.Com: Marine Cadet Does Country Proud: “In his opening remark, the
guest of honour said, "Brunei Shell Carriers will continuously endeavour to
produce more qualified and skilled locals in management and operations."
(ShellNews.net) 15 May 05
Radio Netherlands:
Oil giant goes on drilling despite bad
press:
“Despite massive attempts to change the way in which it is perceived,
Anglo-Dutch oil giant Shell is facing familiar problems once again.
Having pumped money and effort into
trying to shake off a negative image, the company is again attracting bad press.”:
"In Argentina, too, Shell appears to have given the profit-goal priority over
its reputation. (ShellNews.net) Posted 15 May 05
Monday,
16 May 2005
London Evening Standard:
'Green' protesters target Shell:
“FRIENDS of the Earth will launch its biggest protests of the summer annual
general meeting season next month when it attacks
Shell over a series of 'broken promises'
to communities affected by the oil giant across the world.”: “This year it is
focusing on just Shell…” (ShellNews.net) 16 May 05
THE
WALL STREET JOURNAL: Showa Shell's Group Net Profit Soars Amid Rise in Oil
Prices (ShellNews.net) 16 May 05
Houston Chronicle: Motiva a case study in workplace regulation: “Only Shell and
its refining companies came close to BP's death toll for the decade. Shell Oil
Products, predecessor Equilon Enterprises and sister company Motiva Enterprises
together recorded 11 deaths.” (ShellNews.net) Posted 16 May 05
Tuesday,
17 May 2005
SHELLNEWS.NET: KEN SARO-WIWA FOUNDATION: CALL FOR EDUCATORS: “The Ken Saro-Wiwa
Foundation (KSWF) is looking for interested elementary and secondary teachers to
participate in an education outreach program around the 10-year anniversary of
the execution of Nigerian writer, human rights and environmental activist, Ken
Saro-Wiwa.”: “In 1995, Ken Saro-Wiwa and
eight of his Ogoni (Nigerian community) colleagues were executed by the Nigerian
Government following their campaign against the devastating environmental
impacts of oil companies in their lands in the Niger Delta.”
Posted 17 May 05
AFX
Europe (Focus): Shell, PetroChina to invest
600 million usd developing Changbei natural gas field
(ShellNews.net) 17 May 05
Reuters:
Shell and
PetroChina to develop gas field: “PetroChina and Royal Dutch/Shell said on
Tuesday they would go ahead with the joint development of the China's Changbei
natural gas field, with Shell as the operator.”
(ShellNews.net) 17 May 05
Business Standard (India): Shell
to invest Rs 3,000cr at Hazira Port (ShellNews.net) 17 May 05
Financial Times: Tesco rewards Leahy with a
£2m bonus: “Last year
Lord Browne of BP received £3.74m in cash, including a performance-related bonus
of £2.28m.
His oil major rival Jeroen van der Veer, chief
executive of Shell, took home nearly £2m last year, including a bonus of about
£1m.” (ShellNews.net) 17 May 05
AME Info: (United Arab Emirates): Shell
continues to promote entrepreneurial sprit by sponsoring the world's largest
gathering of entrepreneurs (ShellNews.net) 17 May 05
Canada NewsWire (press release): Shell
International and Ferrari renew partnership to 2010
(ShellNews.net) 17 May 05
Wednesday,
18 May 2005
THE
TIMES (UK): Business in Brief: “Shell ended
months of uncertainty by announcing plans to begin the £1.5 billion auction of
its liquefied petroleum gas business in July.”
(ShellNews.net) 18 May 05
THE
TIMES (UK): Need to know: Global Business Briefing: “Royal
Dutch/Shell, the Anglo-Dutch oil giant, and PetroChina will go ahead with the
$600 million (£328 million) development of the Changbei natural gasfield.”
(ShellNews.net) 18 May 05
Thursday,
19 May 2005
Los Angeles’s Times:
Shell Group Parent Cos. to Trade As 1 Stock:
“The two parent companies of multinational oil
giant Royal Dutch/Shell Group said Thursday they will trade as a single stock,
Royal Dutch
Shell PLC,
from July 20.”: “The merger plans came
in the wake of the company's damaging downgrading of its oil reserves…”
(ShellNews.net) 19May 05
THE WALL STREET JOURNAL:
Royal Dutch/Shell to Be Unified, Ending Century-Old
Dual Structure:
Royal Dutch and Shell Transport will propose to their
shareholders, who respectively own 60% and 40% of the company, to become
subsidiaries of a new parent company,
Royal Dutch
Shell PLC:
"Since January of last year, the company has restated its reserves five times
and agreed in August to pay about $150 million in fines to U.S. and British
regulators to settle charges that it misled investors." (ShellNews.net) 19 May
05
Reuters:
Shell
sees board unification completed on July 20:
“…a move designed to improve corporate governance after a reserves downgrade
scandal.” (ShellNews.net) 19 May 05
Malaysia Star: Shell Refining posts
record first quarter net profit (ShellNews.net) 19 May 05
THE WALL STREET JOURNAL: Shell to
Develop Chinese Gas Field With PetroChina: “The long-planned
project between the Anglo-Dutch energy titan and China's largest oil company
involves producing natural gas from the Changbei field in northwest China for
sale to provinces and cities to the east, said Shell's executive director of gas
and power, Linda Cook, in an interview in Beijing.”
(ShellNews.net) Posted 19 May 05
Friday,
20 May 2005
The
Guardian (UK): Shell pays £63m in streamlining
costs Shell has been forced to pay $115m (£63m) in advisers' fees and taxes to
move from a dual-company structure to a more traditional unified board following
its reserves scandal. (ShellNews.net)
20 May 05
The Independent (UK):
Overhaul of Shell costs pounds 67m in fees: “Investment
banks and other professional advisers have picked up $115m (pounds 63m) in fees
from the corporate restructuring of the oil giant Royal Dutch Shell.”
(ShellNews.net) 20 May 05
Daily Telegraph (UK:
Britons gain upper hand in Shell
rejig:
“The Anglo-Dutch company yesterday formally laid out its plans to unify its
structure in the wake of the company's annus horribilis last year when it
admitted that it had exaggerated its proven reserves by 25pc (ShellNews.net) 20
May 05
Reuters:
Shell buybacks to target Dutch shares after merger: “The
creation of a new merged firm, Royal Dutch Shell, is designed to improve
corporate governance after a damaging reserves overbooking scandal last year…”
(ShellNews.net) Posted 20 May 05
Financial Times: Under which Shell a new chairman?
(ShellNews.net) 20 May 05
Financial Times: Timetable proposed
for unified Shell
(ShellNews.net) Posted 20
May 05
Lloyds List: Royal Dutch Shell merger voting date fixed:
“The Anglo-Dutch group is unifying its management and
ownership to form Royal Dutch Shell following last year's oil reserves scandal…”
(ShellNews.net) 20 May 05
Saturday,
21 May 2005
Daily Mail (UK):
Shell may
ditch retirement at 60:
"Shell set out the change in its plan to combine its UK and Dutch arms into one
company, Royal Dutch Shell, by July 20."
(ShellNews.net) Posted 21 May 05
bangladesh-web.com:
Shell Lube back in Bangladesh:
“Shell Lubricants made a comeback re-launching its products in Dhaka on
Thursday, four years after the Dutch oil giant left Bangladesh.” (ShellNews.net)
21 May 05
THE WALL STREET JOURNAL: Oil Wells Refuse to
Obey Chávez Commands: “…in Caracas the
government is threatening foreign oil companies with contract cancellations and
tax hikes”: " On Tuesday, Reuters reported that Venezuelan tax authorities "held
a second round of talks with seven foreign oil companies, including units of
Chevron and Shell" on the matter."
(ShellNews.net) Posted 21 May 05
Sunday,
22 May 2005
Mail
& Guardian Online (South Africa): Nigeria seeks to double oil exports:
“Several tens of millions of barrels in
estimated reserves have lain untapped under Ogoniland since Shell quit the area
following the controversial execution of minority rights activist Ken Saro-Wiwa
in 1995.”: “Since the
first oil started flowing from Shell's Oil Well Number One in Oloibiri in 1956,
Nigeria has earned more than $300-billion. In the same time, the proportion of
its rapidly growing population living below the poverty line has more than
doubled, to 75%, according to the World Bank.”
(ShellNews.net) 22 May 05
Financial Post (Canada): 'Have running
shoes, will travel' is CEO's business trip motto: “CLIVE MATHER: Age: 57
President and CEO Shell Canada Ltd., Calgary” (ShellNews.net)
Posted 22 May 05
ArabicNews.com (Syria): Shell Syria
general manager Campbell Keir: “Shell
has a policy worldwide to promote diversity.”:
"We are working to encourage Arabic staff to join Shell in the Middle East
through specialists and young graduates. We are also actively encouraging women
to work in Shell,"
(ShellNews.net) 22 May 05
The Observer
(UK): 2,000 more wind turbines in countryside: “Others speakers include Lord
Oxburgh, chairman of oil company Shell, who admits the threat of climate change
had made him 'very worried for the planet'.”
(ShellNews.net) Sunday 22 May 05
Sunday Telegraph (UK): Mandarins on
sale: “…Lord Kerr, a former head of the
foreign office, is senior non-exec at Shell and is overseeing the search for the
oil giant's new chairman.”
(ShellNews.net) Sunday 22 May 05
Malaysia
Star: World-class dialysis facility: “Shell Malaysia chairman Datuk Jon Chadwick
and Petronas Sarawak general manager Ahmad Rahmad were also present. Shell had
donated RM1.1mil to help build the centre while Petronas gave RM1mil.”
(ShellNews.net) 22 May 05
Monday,
23 May 2005
BBC Monitoring Service: Nigeria:
“Protesters halt operations at Shell office in Warri: “Protesters numbering
about 1,000 yesterday afternoon paralysed operations at the Warri office of the
Anglo-Dutch oil giant, Shell Petroleum Development Company…” (ShellNews.net)
Posted 23 May 05
Vanguard (Nigeria): Nigeria key to oil stability, —France * FG audits
Shell-operated Bonga field: “The Federal Government has also commenced a
technical and financial audit of the multi-billion dollars Bonga deepwater field
development project operated by a Shell Nigeria subsidiary, Shell Nigeria
Exploration and Production Company…” (ShellNews.net) 23 May 05
Rocky Mountain News: Diesel
dreams burn brightly in tiny Qatar: “Shell's $6 billion Pearl GTL plant will
house 24 GTL reactors churning out 70,000 barrels per day by 2009 and 140,000 a
few years later.” (ShellNews.net) 23 May 05
THE HERALD (SCOTLAND): Craig Group secures £20m Shell North Sea contract
(ShellNews.net) 23 May 05
Tuesday,
24 May 2005
Financial Times:
North Sea
gas find for Shell:
“Royal Dutch Shell said it had made a "significant discovery" of gas at its Onyx
South West prospect in the Norwegian sector of the North Sea.”
(ShellNews.net) 24 May 05
Lloyds List:
Shell ready to reap rewards of gas
find:
“Shell's success was welcomed by Norway's Minister of Petroleum and Energy
Thorhild Widvey, who said: 'The new discovery in the Norwegian Sea is very
encouraging. It will lead to renewed interest in the area.' (ShellNews.net) 24
May 05
THE NEW YORK TIMES:
Shell Makes Natural Gas Find Off Norway:
“The well was drilled by the Norwegian branch of Royal Dutch/Shell Group of
Companies…” (ShellNews.net) Posted 24 May 05
The Independent (UK): Shell discovers
'Big Cat' gas field off Norway coast: “Shell,
the embattled oil giant, won some respite from its woes over dwindling reserves
yesterday by announcing a significant gas discovery off the coast of Norway.”
(ShellNews.net) 24 May 05
THE TIMES (UK):
Norwegian gas find for Shell:
“The Norwegian Petroleum Directorate suggested that the gasfield, in which Shell
has a 30 per cent interest,
could contain reserves of 60 billion
cubic metres.”
(ShellNews.net) 24 May 05
MosNews (Russia):
Shell Says Progress Reached in Gazprom Asset Swap
Talks:
“International oil major Royal Dutch/Shell said on Monday, May 23, that progress
has been made in its talks with Russia’s natural gas monopoly Gazprom regarding
asset swap. The companies want to exchange stakes in Siberian and Far East
deposits, Shell CEO Jeroen van der Veer said.” (ShellNews.net) 24 May 05
NEW YORK TIMES:
Battle in the Sound:
“The strength and unanimity of Long Island's opposition to the project's
developers, Broadwater Energy, have been impressive…”:
“…Broadwater is no small-bore enemy. It is a
partnership of the TransCanada Corporation and Shell, two of North America's
largest energy companies.”
(ShellNews.net) Posted 14 May 05
Daily Telegraph (UK): Jurassic find
gives Shell hope of brighter future: “Shell, which is restructuring itself after
losing 25pc of its proved oil and gas reserves last year, yesterday announced
one of its biggest finds of the year off the coast of Norway.”
(ShellNews.net) 24 May 05
Scarborough Today (UK): Oil giant
Shell to sponsor Rotunda: “An eminent geologist himself, Lord Oxburgh said he
was delighted to be making the announcement on behalf of Shell UK and to visit
Scarborough again” (ShellNews.net) 24 May 05
Wednesday,
25 May 2005
The
Guardian (UK): Macho cash: “Followers of the bulge bracket corporate scene this
year will have first seen Shell declared as the leader in February with £9.4bn…”
(ShellNews.net) 25 May 05
The Scotsman:
Shell hails
major gas strike off the coast of Norway: “SHELL, the Anglo-Dutch energy giant,
appears to have made its biggest gas strike off Norway for more than a decade.”
(ShellNews.net) Posted 25 May 05
allAfrica.com: Niger Delta Communities
Protest Against Shell (ShellNews.net) Posted 25 May 05
Thursday,
26 May 2005
THE TIMES (UK): The great oil rush of 2005:
“Cairn
Energy is moving one step closer to unlocking the riches it discovered under a
plot of Indian desert bought at a knock-down price from the hapless Shell.”
(ShellNews.net) Posted 26 May 05
ShellNews.net: Nearly
400 former Shell staff still await Malaysian Appeal Court hearing after winning
their High Court Case against Shell:
“Counsel for the plaintiffs, Datuk Dr Cyrus Das, brought to the courts attention
the fact that the majority
of the plaintiffs are well over the age of 60 and in weak and declining health.
Posted 26 May 05
BBC
Monitoring Service: Nigeria:
Niger Delta
communities said preparing to protest against oil giant:
“This Day checks revealed that the operations of the Anglo-Dutch oil giant in
the region might be jeopardized if the protests continue.” (ShellNews.net) 26
May 05
AFX Europe
(Focus): US FTC clears Shell decision to shut California refinery
(ShellNews.net) 26 May 05
H2Carsbiz (Denmark):
U.S.
President Bush Tours Shell Hydrogen Service Station:
“… U.S. President Bush was given a tour of the Shell Benning Hydrogen Service
Station in Washington D.C. The tour took place whilst President Bush is fighting
in the fourth year to get his Energy Bill through the Senate.” (ShellNews.net)
26 May 05
San Jose Mercury News: Bush pushing hydrogen
fuel as alternative: "This is the beginning of
fantastic technology," Bush said at a Shell station in northeast Washington, the
first retail hydrogen and gasoline fueling station in North America.
"Hydrogen is the wave of the future. We're too dependent on foreign sources of
energy." (ShellNews.net) 26 May 05
Friday,
27 May 2005
The Guardian (UK): Businesses call for
urgent action on climate change: “In a letter addressed to the prime minister,
Tony Blair, HSBC, Shell, BP and others said there was a need to take urgent
action now to avoid the worst impacts of climate change.” (ShellNews.net) 27 May
05
Los
Angeles Times:
FTC Drops Probe of Shell Refinery Plans:
“Shell Oil Co. wasn't attempting to squeeze fuel supplies and boost pump prices
in California when it announced plans in 2003 to close its Bakersfield refinery,
federal antitrust authorities said Wednesday.” (ShellNews.net) Posted 27 May 05
MSN News:
FTC: Shell Not Trying to Boost Gas: “The Federal Trade Commission announced
Wednesday that it would end a yearlong antitrust investigation that found no
evidence the oil company was involved in a price-gouging scheme in California…”
(ShellNews.net) Posted 27 May 05
THE WALL STREET JOURNAL:
FTC Clears Shell In Refinery Closure:
"The commission, in a statement on its Web site, said after a "thorough and
exhaustive investigation" it found nothing to indicate that Shell was trying to
exercise market power." (ShellNews.net) Posted 27 May 05
THE WALL STREET
JOURNAL: Repsol Plans to Make Bid For Shell's LPG Business
(ShellNews.net) Posted 27 May 05
San Jose Mercury News: Oil firms boost spending on personnel:
“Major oil
companies including San Ramon-based Chevron Corp. (CVX), BP Plc and Royal
Dutch/Shell Group are spending more than ever for workers and equipment as
surging energy consumption increases demand for geologists, drilling rigs and
pipe.” (ShellNews.net) 27 May 05
Saturday,
28 May 2005
Daily Telegraph (UK):
Shell scrutinised again:
“Shell put its environmental record under fresh scrutiny yesterday after
conceding it would miss targets to end the controversial practice of burning off
unwanted gas in Nigeria.” (ShellNews.net) 28 May 05
Daily Mail (UK): Now Shell spells out swap
deal: SHELL shareholders have some reading to do as the oil group sends out
documents on welding its two companies Royal
Dutch Petroleum and Shell Transport into a single, £120bn giant called Royal
Dutch Shell…”: “The
huge move is sparked by last year's reserve scandal.”
(ShellNews.net) 28 May 05
Financial
Times:
Shell admits
second downgrade more serious:
“The second cut overshadowed the historic proposal to merge Shell's Dutch and
British holding companies in response to investor criticism about the reserves
scandal.” (ShellNews.net) 28 May 05
The
Guardian (UK): We'll miss our target to stop
'flaring' in Nigeria, admits Shell:
“Flaring is considered a major contributor to greenhouse gases and global
warming.” “The company suffered a
severe dent
to its reputation
last year
after making several downgrades to the levels
of its oil and gas reserves”
(ShellNews.net) 28 May 05
Houston Chronicle: Shell has fewer spills,
deaths among workers: But oil giant says it fell short of emissions goal;
bribery cases rose: “Shell
staff or intermediaries paid or accepted 16 bribes last year,
contravening company policy, the report said. That was double the number in
2003, and four times the reported number for 2002.” (ShellNews.net) 28 May 05
THE
TIMES (UK): Shell delays target to end gas
flaring in Nigeria by a year: “The practice has been a blot on Shell’s copybook
in Nigeria and the conflagration, visible on satellite images, is a big source
of greenhouse gases.” (ShellNews.net)
28 May 05
THE
TIMES (UK): Constitution is in a mess, the
Briton who wrote it says: “That
is the verdict of Lord Kerr of
Kinlochard, one of the main authors of the tome”: “Lord
Kerr now advises Shell on its constitution, to unite its arms, Shell Transport
and Trading, and Royal Dutch Shell.
“I’m a constitution-writer”, he says. He adds, smiling, but in what must be a
rueful assessment of his draftsmanship for Europe, that the Shell constitution
“is the one that’s going to work. The one that’s actually going to happen.”
(ShellNews.net) Posted 28 May 05
The Guardian (UK): We don't like ... ... no
rollover relief: “Potential problems loom for
savers who have stashed share certificates in oil giant Shell under their bed,
in a safe deposit box or electronic nominee account.”
(ShellNews.net) 28 May 05
Daily Telegraph (UK): The week that was: “Shell,
which is restructuring itself
after losing
25pc of its proved oil and gas reserves last year,
has announced one of its biggest finds of the year off the coast of Norway.”
(ShellNews.net) 28 May 05
Irish Times: Shell link to 'independent' consultants for gas pipeline:
"Independent" consultants hired by Minister for the Marine Noel Dempsey to
review the safety of the Corrib gas onshore pipeline are part-owned by the
project's major shareholder, Shell.” (ShellNews.net) 28 May 05
The Guardian (UK): Fast forward: Sally
Martin, 39, Shell's UK and Ireland distribution manager, offers career advice to
recent recruit Vickie Knight (ShellNews.net) 28 May 05
Sunday,
29 May 2005
New York Times:
Experts:
Some see the beginning of the end of the
road for oil: “They predict
that this year, maybe next _ almost certainly by the end of the decade _ the
world's oil production, having grown exuberantly for more than a century, will
peak and begin to decline. And then it really will be all downhill. The price of
oil will increase drastically. Major oil-consuming countries will
experience crippling inflation, unemployment and economic instability.
Princeton University geologist Kenneth S. Deffeyes predicts "a permanent state
of oil shortage." (ShellNews.net) 29 May 05
Sunday Telegraph (UK): Shell's auction of
its LPG business could raise £1.6bn:
“Shell launched the disposal programme after having to cut its proven oil and
gas reserves. The scandal led to the departure of Sir
Philip Watts, the chairman, and a shake-up of its management structure.”:
“Shareholders will next month vote on the merger of its two operating units,
Shell Transport & Trading, the UK subsidiary, and Royal Dutch Petroleum, the
Dutch arm.
The merger will create one of the largest companies in the FTSE100 with a market
value of £115bn.”
(ShellNews.net) 29 May 05
The Scotsman: Shell and North Sea: “LESS
charitable views on Royal Dutch/Shell in the darkest days of last year had a lot
in common with those of the North Sea. Like the company, the North Sea smacked
of terminal decline, its
glory days left behind some time in the 1980s, its talent moving on to new
pastures.”: “So it must be gratifying for Shell's North Sea explorers to strike
a blow against both preconceptions. Last week it revealed that it had
stumbled upon what looks like Norway's biggest gas find in five years with its
Onyx West well. It's good news for Shell's turnaround.”
(ShellNews.net) 29 May 05
Gulf Times (Qatar): Keep your promise,
Nigerian villages tell Shell: “Shell is Nigeria’s biggest oil firm. Community
protests cost it 5.2mn barrels in production last year and – along with
continuing attacks by oil thieves and ethnic warlords – contributed to last
year’s record highs on the world oil market.” (ShellNews.net) Posted 29 May 05
Monday,
30 May 2005
Irish Times: Mayo TDs
call for Shell to build offshore terminal: “Fine Gael TD Michael Ring and
Independent TD Dr Jerry Cowley were responding to an Irish Times report that a
British consultancy firm, hired by Minister for the Marine Noel Dempsey to
conduct an independent safety review of the onshore pipeline, is part-owned by
the project's major shareholder, Shell.” (ShellNews.net) 30 May 05
The Chronicle Herald (Canada):
Shell ponders stake in Panuke:
“Interest in Shell Canada being a potential buyer of the Deep Panuke field -
which has been on hold for almost two years by EnCana - was sparked by a recent
Shell presentation to investors. Ian Kilgour, Shell vice-president of
exploration and production, discussed "potential synergies with future
development of the Panuke field." (ShellNews.net) 30 May 05
Gulf
Times (Qatar): Shell reports fewer oil spills, but more bribes: “...Showa Shell
Sekiyu KK, was fined last year for rigging jet fuel prices, a case that’s under
appeal. Shell was also fined twice in Ivory Coast for anti- competitive
behaviour.” (ShellNews.net) 30 May 05
Amarillo.com: Rising Star: Chevron bringing
back Texaco brand, symbol: “To get their merger cleared by antitrust
authorities, ChevronTexaco sold exclusive rights to the Texaco brand for three
years to a group led by the Shell division of Royal Dutch/Shell Group.”
(ShellNews.net) Posted 30 May 05
Tuesday,
31 May 2005
Daily Telegraph (UK): Huge tax
bills for Royal Dutch investors from Shell merger
(ShellNews.net) 31 May 05
THE
WALL STREET JOURNAL:
Shell to Start Talks With Nigeria, Ogoni
Activists:
”Apart from helping Shell's business, the talks, if successful, would be a
public-relations coup for the oil company. Shell has been accused of human-rights
abuses and faces lawsuits in connection with Mr. Saro-Wiwa's death.”
(ShellNews.net) 31 May 05
FINANCIAL TIMES: Call for Shell to alter its plan to
unify
(ShellNews.net) 31 May 05
THE TIMES (UK):
Shell accused over tax on UK investors:
“SHELL yesterday faced accusations of unfairly inflicting heavy bills for
capital gains tax on some British investors who hold shares in the Dutch arm of
the oil giant.” (ShellNews.net) May 31, 2005
Lloyds List: Many new producers
preparing ground to get in on the act: “Leading the way in turning Russia into a
force in the international LNG business, is the Shell-led Sakhalin II project,
which will have a total capacity of 9.6m tonnes based on two trains of 4.8m
tonnes each. (ShellNews.net) 31 May 05
Convenience Store News: Shell
Stations Cater to Entertainment-Starved Customers (ShellNews.net) 31 May 05
Canada NewsWire: Flying J and Shell
Canada open first co-branded travel plaza in Alberta (ShellNews.net) 31 May 05
India Infoline.com (India):
Shell India wins Golden Peacock Award:
“Vikram Singh Mehta, Chairman, Shell Group of Companies, India, said, "We are
honoured by the Award and gratified that the eco-friendly technology and
practices deployed in our retail business are welcomed by society. This award is
a recognition of sustainable development, which is at the heart of 'the way we
do business' in Shell." (ShellNews.net) 31 May 05
Lloyds List: Two newbuilds boosts
Shell's fleet to 20: “The newbuilds will be used in Shell Trading's global
product shipping business, which transports 14m barrels of crude and oil
products per day.” (ShellNews.net) 31 May 05
Lloyds List: Liquid gold Qatar
leads the way with huge export projects: “The Shell project takes committed LNG
capacity up to 77m tonnes a year by 2010'2011, of which no less than 57m tonnes
will be built at Ras Laffan Industrial City during the next five years. By that
time, a staggering $68bn will have been invested in Qatar's LNG industry.”
(ShellNews.net) 31 May 05
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