Posts on ‘May 4th, 2007’

Daily Trust (Abuja) May 4, 2007 The Shell Petroleum Development Company has expressed concern about a fire that has continued to burn at Yorla-16, one of its non-producing wells in Ogoni land. The company says it confirmed the fire during an over-fly on 25th April and immediately informed the Rivers State Government, the Department of [...]

Published: Friday, 4 May, 2007   LONDON: Oil prices eased yesterday after Nigerian militants freed several foreign workers seized from an offshore oilfield in the Opec nation, easing fears the conflict would interrupt production. London Brent crude, currently seen as the most representative of global oil prices, traded 37¢ lower at $65.88 a barrel after [...]

Fri May 4, 2007 4:20 PM BST By Tom Ashby LAGOS (Reuters) – Royal Dutch Shell is inching back to Nigerian oilfields shut for over a year by militant attacks, but restoring lost output will take several months and may be set back by more violence, industry sources said on Friday. Shell (RDSa.L: Quote, Profile [...]

2007-5-4     TO roll out the barrel is a traditional celebratory term – and China is certainly doing that. The country’s newly found oil field in Bohai Bay has a reserve of one billion tons, or about 7.35 billion barrels, the largest discovery in the nation for more than four decades, the China National Petroleum [...]

By Sam Fleming Friday 4 May 2007 ROYAL Dutch Shell’s Peter Voser repeatedly refused to comment on the turmoil afflicting his closest rival as he unveiled his firm’s first-quarter earnings yesterday. ‘I am not qualified to give advice to BP,’ the finance director tersely told reporters on a conference call. But the contrast between the [...]

By John Donovan Guest 5915 said: What competitor of Shell is paying Mr Donovan for this website? Seems like a smear campaign…. Guest 1579 said: Anyone reading the news posted here in blatant breach of copyright law will have noticed Donovan has added a blogging blitz to his anti-Shell campaign on the net. He uses [...]

By THE ASSOCIATED PRESS Published: May 4, 2007 AMSTERDAM, — Royal Dutch Shell, Europe’s biggest oil company, said Thursday that its first-quarter earnings rose 5.7 percent, despite falling oil prices and declining profit at its production and refining arms. Net income rose to $7.28 billion, from $6.89 billion a year earlier, while sales fell 3.3 [...]

AMONG the details of the Lord Browne case was the claim that his boyfriend, Jeff Chevalier, used the BP boss’s laptop. While Browne denies any improper conduct relating to BP, and an internal inquiry cleared him to that effect, a story is doing the rounds that the computer contained details of Shell’s oil reserves — [...]

Published: May 4 2007 03:00 | Last updated: May 4 2007 03:00 That’s five in a row. With its latest set of quarterly results, Royal Dutch Shell has beaten expectations once again. It had a favourable tailwind at the tax line as well as one-off gains at the corporate level. Even after stripping out the [...]

By Chris Flood Published: May 4 2007 03:00 | Last updated: May 4 2007 03:00 Further violence in Nigeria ensured a highly volatile session for oil prices yesterday. Crude spiked initially on news that militants had kidnapped up to 20 foreign workers in three attacks in the Niger Delta. Prices then retreated after eight of [...]

By Ed Crooks andChris Hughes Published: May 4 2007 03:00 | Last updated: May 4 2007 03:00 Royal Dutch Shell has sent teams into the turbulent Niger Delta in recent months to assess the state of its facilities, raising the prospect that it will be able to re-start production after more than a year. Peter [...]

By MARY JACOBY May 4, 2007; Page A9 BRUSSELS — The arrest in the U.S. of eight non-American executives involved in an alleged price-fixing scheme shows how the U.S.’s tough criminal laws against cartels can add teeth to European investigations. Executives from companies in the United Kingdom, France and Italy were arrested in Houston Wednesday [...]

EXTRACT: Mr. Weglein himself heads a seismic research program called M-OSRP, launched in 2001, that is sponsored by several international oil companies, including Royal Dutch Shell PLC, BP PLC, Italy’s Eni and Petrobras. The Massachusetts Institute of Technology is working with Shell in a similar, nonexclusive initiative launched last year, and Shell is also involved [...]

Refining, Chemicals Record Higher Margins Offsetting Weak Output By BENOÎT FAUCON May 4, 2007; Page B5 LONDON — Royal Dutch Shell PLC said first-quarter net profit rose 5.6%, as higher refining and chemical margins more than offset the continued impact of Nigerian unrest and lower oil prices. The rising profit underscores the merits of being [...]