Posts on ‘January 23rd, 2008’

By Matthew Green Published: January 23 2008 16:28 | Last updated: January 23 2008 16:28 Conventional wisdom suggests that China’s energy companies are marching across Africa, shoving aside established majors and grabbing huge oil reserves with the help of bottomless funding from Beijing. A closer look reveals a more nuanced picture: China’s giants have won [...]

By Sheila McNulty in Houston Published: January 23 2008 02:00 | Last updated: January 23 2008 02:00 National oil companies from China and Brazil continued their relentless rise to power last year, pushing the likes of Exxon, Shell and Total down the PFC Energy 50 rankings of the world’s largest listed energy companies. The annual [...]

By SPENCER SWARTZ January 24, 2008 DAVOS, Switzerland — Royal Dutch Shell PLC’s chief executive, Jeroen van der Veer, plans to meet with Nigerian President Umaru Yar’Adua on Friday in an effort to resolve security and funding issues that have hampered the company’s output in the country, one of its largest production centers. In an [...]

23.01.2008 18:14 A key part to Europe’s long-term effort to reduce greenhouse gas emissions will be a controversial and untried technology that aims to bury large amounts of carbon dioxide underground. The European Commission on Wednesday pinned part of the EU’s climate change hopes on capturing greenhouse gas as it is burned in coal- or [...]

Wed Jan 23, 2008 10:48am EST (Adds details, shares) OSLO, Jan 23 (Reuters) – Norwegian energy group StatoilHydro (STL.OL: Quote, Profile, Research) said it shut its Mongstad oil refinery after a fire broke out on Wednesday, and it was not clear when the 186,000 barrel-per-day plant would be back in operation. “Production has been shut [...]

23.01.2008 18:28 The FTSE 100 Index dropped back into negative territory after more volatile trading as persistent US recession fears held back a London recovery. Tuesday’s rate cut from the US Federal Reserve gave the Footsie early momentum with a 100-point gain early on. But signs that the Bank of England may not follow America’s [...]

Tue Jan 22, 2008 6:26pm EST  By Michael Erman – Analysis NEW YORK (Reuters) – The oil industry is expected to be one of the losers if fears of a U.S. recession become reality this year, as falling oil prices take the steam out of the sector’s four-year boom. Worries of a recession sparked sell-offs [...]

By John Donovan We recently decided to feature on our website news stories from 2004 – Shell’s so called ‘annus horribilis’ – the year of the reserves fraud which destroyed Shell’s reputation and cost hundreds of millions of dollars in fines and class action settlements. It then struck us that Shell has an ‘annus horribilis’ [...]

By Maher Chmaytelli and John Dawson Jan. 23 (Bloomberg) — Royal Dutch Shell Plc’s Chief Executive Officer Jeroen van der Veer said Europe’s economic growth remains sufficient, while global energy consumption will continue to increase. “Demand for energy this year will be higher than last year’s,” Van der Veer said today at the World Economic [...]

Jan. 23, 2008, 6:58AM © 2008 The Associated Press DAVOS, Switzerland — The head of Royal Dutch Shell PLC said Wednesday that “conditions must improve” before the company could resume production that was cut because of unrest in Nigeria. Speaking on the sidelines of the World Economic Forum, CEO Jeroen van der Veer told Dow [...]

By Brian O’Connor, 23 January 2004  DISSIDENT Shell investors are seeking a shake-up in the complex structure of the board and its committees. One result may be that an outside chairman is appointed when Sir Philip Watts steps down.  This would be a revolution for Shell, but big investors are in a revolutionary mood.   Though [...]

Foreign Shares’ Tumble Prompts Bernanke Call; Biggest Trim in 20 Years By GREG IP January 23, 2008; Page A1 The Federal Reserve chairman, who normally tries to avoid reacting directly to financial markets, saw global markets in free fall, and yesterday abruptly orchestrated the single deepest cut in the Fed’s main interest-rate target in more [...]

By Sheila McNulty in Houston Published: January 23 2008 02:00 | Last updated: January 23 2008 02:00 National oil companies from China and Brazil continued their relentless rise to power last year, pushing the likes of Exxon, Shell and Total down the PFC Energy 50 rankings of the world’s largest listed energy companies. The annual [...]

“In 20 years the world will find itself desperately trying to put right what it could have avoided” By GEORGE KEREVEN IT HAS been a busy week. Global equity markets suddenly went into meltdown at the prospect of a US recession. Quite where the market traders have been living for the past six months is [...]

22 January, 2008 12:00:00 The Nigerian National Petroleum Corporation said a “problem” at the Bonny export terminal, operated by the local unit of Royal Dutch Shell plc, has delayed some crude shipments and is being resolved. Force majeure has not been declared, NNPC spokesman Levi Ajuonuma said, referring to the legal clause that allows a [...]