Royal Dutch Shell plc .com Rotating Header Image

Posts from ‘May, 2006’

Indianapolis Star: Clerks are bearing brunt of gas rage: Stations urging consumers to remain calm

By Tim Molloy Associated Press LOS ANGELES — Tempers are rising along with gas prices. Gas stations across the country report that drivers are taking out their gas rage against big oil by yelling at clerks and cashiers and sometimes driving off without paying.   “Everyone is suffering at the same time,” said Sam Shirazie, [...]

AFX Europe (Focus): Anglo American/Shell alliance may develop 5 bln aud Australian project – report

May 30, 2006   SYDNEY (XFN-ASIA) – Royal Dutch Shell group and mining giant Anglo American Corp have formed an alliance that may result in the 5 bln aud Monash synthetic diesel and electricity project being developed in the Australian state of Victoria, the Age newspaper reported, citing the companies. Shell and Anglo have formed [...]

Financial Times: Doubles partner goes solo

By Christopher Brown-Humesin Stockholm Published: May 30 2006 03:00 | Last updated: May 30 2006 03:00 Talk about a hard act tofollow. When Olli-Pekka Kallasvuo takes over as chief executive of Nokia on Thursday, he will be stepping into the shoes of Jorma Ollila, who over 14 years built the company into the world’s leading [...]

Financial Times: Putin’s double vision

Published: May 30 2006 03:00 | Last updated: May 30 2006 03:00 There are many reasons to express doubts about the move by Arcelor, the Luxembourg-based steel group, to buy Severstal of Russia in order to sidestep the hostile bid by Mittal Steel. One is the way the Arcelor board is presenting the takeover as [...]

Financial Times: China region feels weight of industrial revolution

By Tom Mitchell in Daya Bay Published: May 30 2006 01:39 | Last updated: May 30 2006 01:39 South China’s first industrial revolution bypassed Donglian, a poor village on the picturesque shores of Daya Bay. The factory sprawl that raced through Guangdong province’s manufacturing heartland in the 1980s and 1990s never reached this corner of [...]

Reuters: Oil tops $71.50 on Iran concern, ahead of OPEC

By Neil Chatterjee SINGAPORE (Reuters) – Oil prices rose toward $72 on Tuesday, as a dispute between Iran and the West over Tehran’s nuclear programme rumbled on and OPEC delegates said the cartel would keep pumping at near maximum rates to soothe market fears. U.S. crude for July delivery was trading 38 cents up at [...]

Sydney Morning Herald: Anglo signs Shell to Latrobe brown coal project

By Barry FitzGerald May 30, 2006 PROSPECTS for the vast brown coal resources in Victoria’s Latrobe Valley to host a $5 billion synthetic diesel and electricity project have soared. Anglo-Dutch oil major Shell has thrown its money and technology behind the project, the Monash energy project near Traralgon, in a global alliance with the project [...]

MarketWatch: Petrobras, Shell to lose Bolivia gas stations — report

Last Update: 10:49 AM ET May 29, 2006 RIO DE JANEIRO (MarketWatch) — Brazil’s state-run oil firm Petroleo Brasileiro SA (PBR), or Petrobras, Royal Dutch Shell (RDSB.LN), and other private firms within a month will have to turn over their Bolivian gas station network to state-energy firm Yacimientos Petroliferas Fiscales Bolivianos, or YPFB, the Estado [...]

The Guardian: China invites oil firms to join invasion of Tibet

Terry Macalister Tuesday May 30, 2006 The Chinese government is to woo foreign companies such as BP and Shell to explore for oil in Tibet. The controversial move follows a failure by the partly state-owned PetroChina to realise Beijing’s hopes that the disputed land could quickly become a major source of fuel for energy-starved China. [...]

Financial Times: International companies: Big profits and big troubles

By Thomas Catan Published: May 29 2006 13:34 | Last updated: May 29 2006 13:34 Amid soaring energy prices, international oil companies are making unprecedented profits.   ExxonMobil posted the largest annual profit in corporate history this year. BP, Royal Dutch Shell and the other “supermajors” are having a difficult time working out what to [...]

The Guardian: Arcelor merges with Russian steel group in final snub to Mittal’s €25bn bid

David Gow in Brussels Saturday May 27, 2006 The Guardian Arcelor, the pan-European steel group, yesterday torpedoed Mittal’s latest hostile takeover bid by buying Russia’s Severstal in an agreed 13bn euro (£8.8bn) deal designed to create an “unrivalled global champion” out of reach of its Indian-owned predator. The friendly transaction will see Alexei Mordashov, who [...]

Monsters and Critics.com: Industry divided on energy from coal

ST. LOUIS, MO, United States (UPI) — U.S. energy industry leaders are divided on the best way to produce energy from coal — with some providers showing reluctance to adopt cleaner technology. U.S. coal reserves could last at least 200 years at the current rate of energy consumption, but coal is largely responsible for increases [...]

MarketWatch: Petrobras, Shell to lose Bolivia gas stations — report

   May 29, 2006   RIO DE JANEIRO (MarketWatch) — Brazil’s state-run oil firm Petroleo Brasileiro SA (PBR), or Petrobras, Royal Dutch Shell (RDSB.LN), and other private firms within a month will have to turn over their Bolivian gas station network to state-energy firm Yacimientos Petroliferas Fiscales Bolivianos, or YPFB, the Estado newswire said Monday. [...]

The Independent: Shell and Statoil seek partner for new ‘clean energy’ project

By Tim Webb Published: 28 May 2006 Shell and Norwegian oil company Statoil are seeking a partner for their revolutionary $1.5bn (£800m) project to take millions of tons of carbon dioxide (CO2) from a new power station and pump it under the sea. The two companies, which announced plans for the carbon sequestration project in [...]

The Independent: Russia seeks to seize control of Sakhalin

By Andrew Osborn in Moscow Published: 26 May 2006 Royal Dutch Shell’s flagship investment in Russia was facing uncertainty last night after the Natural Resources Ministry threatened to scale back the company’s stake in a huge liquefied natural gas project to allow the Kremlin greater control. The threat concerns the Sakhalin-2 project, the largest direct [...]