Royal Dutch Shell plc .com Rotating Header Image

Posts from ‘January, 2008’

Times Online: Shell full year profits hit record £13.9 billion

January 31, 2008 Shell’s numbers beat City expectations by a shade as lower output levels were offset by $100 barrel oil Angela Jameson Concerns over the excessive profits made by oil companies were reignited today when Shell, the Anglo-Dutch giant, revealed a 9 per cent leap in full year profits to a new record of [...]

Reuters: UPDATE 1-Record European profits for Shell but Q4 disappoints

Thu Jan 31, 2008 2:53am EST (Adds detail, background) LONDON, Jan 31 (Reuters) – Oil giant Royal Dutch Shell Plc (RDSa.L: Quote, Profile, Research) posted record European company earnings of $27.6 billion in 2007, but fourth-quarter profit missed forecasts as a fall in production dampened the benefit of high oil prices. The world’s second-biggest non-government [...]

Bloomberg: Shell Plans $2.5 Billion Iraq Natural Gas Project, Person Says

By Kristian Rix Jan. 31 (Bloomberg) — Royal Dutch Shell Plc may spend $2.5 billion on a natural gas plant in southern Iraq to meet energy demand in the Middle East, where economies are growing 5.9 percent a year, according to a person involved in the plan. Shell met with Iraqi officials in The Hague [...]

BBC News: Shell sets new UK profits record

Thursday, 31 January 2008, 08:09 GMT   The Anglo-Dutch oil firm Royal Dutch Shell has reported record annual profits for a UK company.   Its profit measured by current cost of supply was $27.56bn (£13.9bn) for 2007, beating its own 2006 record of £12.9bn. Much of the rise in profits has been attributed to rising oil [...]

THE WALL STREET JOURNAL: Shell Posts 60% Rise in Net Income On Higher Oil Prices, Divestments

By BENOIT FAUCON January 31, 2008 3:35 a.m. LONDON — Royal Dutch Shell PLC Thursday reported a 60% rise in fourth-quarter net profit as higher oil prices and divestments outweighed tighter refining margins and a lower output. Shell’s results underscore how oil companies are defying the global economic gloom. U.S. crude peaked at about $100 [...]

THE WALL STREET JOURNAL: Big Oil’s Not-So-Big Growth Plans

With New Reserves Harder to Snag, Western Firms Could Opt for Smaller Role By GUY CHAZAN and RUSSELL GOLD January 31, 2008 Big oil companies, benefiting from oil’s recent rise toward $100 a barrel, are expected to report more flush earnings in coming weeks. But fat results aren’t likely to impress investors, many of whom [...]

Financial Times: Shell reports record profits of $27.6bn

By Dino Mahtani Published: January 31 2008 08:18 | Last updated: January 31 2008 08:18 Royal Dutch Shell reported full year current cost of supply earnings of $27.6bn (£14bn), a record for a European company, despite lower oil and gas production and weaker refining margins. Higher oil prices and one-off items helped lift profits by [...]

Financial Times: Shell warns Nigerian operation hit by lack of government investment

By Matthew Green in Lagos and Ed Crooks in London Published: January 31 2008 02:00 | Last updated: January 31 2008 02:00 The future of one of Royal Dutch Shell’s most important businesses is at risk because the Nigerian government has not funded it properly, an internal company memo has warned. The government’s failure to [...]

Financial Times: Shell’s grip loosens on restive delta

By Matthew Green in Lagos and Dino Mahtani in London Published: January 31 2008 02:00 | Last updated: January 31 2008 02:00 Royal Dutch Shell’s admission in an internal memo that its biggest oil operation in Nigeria may not survive is the starkest sign yet of the precariousness of the company’s position in the restive [...]

Daily Telegraph: Russia’s hardnose policy threatens economic boom

By Ambrose Evans-Pritchard in Moscow Last Updated: 12:15am GMT 31/01/2008 The Kremlin has offered a rare admission that Russia’s hard-nose diplomacy and the manipulation of the energy sector for political goals is deterring investors, leaving the country friendless as the credit crunch spreads to Eastern Europe. Alexei Kudrin, the finance minister, acknowledged yesterday that spats [...]

Daily Telegraph: Oil profits will hit record – but can it last?

By Russell Hotten, Industry Editor Last Updated: 7:51am GMT 31/01/2008 The world’s independent oil majors are about to announce a series of eye-popping profits numbers. ith crude averaging $90 a barrel for the final three months of 2007 the likes of Shell and ExxonMobil have been given a nice little end-of-term boost to their full-year [...]

Daily Telegraph: Shell profits soar on higher oil price

A worker at a liquid gas site in Sakhalin By Russell Hotten Last Updated: 7:54am GMT 31/01/2008 Profits at oil giant Royal Dutch Shell soared in the final three months of the year as crude rallied strongly. With crude averaging $90 a barrel for the final three months of 2007, Shell said today that fourth [...]

energycurrent.com: RBS urged to pull Gazprom’s Sakhalin II loan

Filed from Aberdeen 1/30/2008 6:12:18 PM GMT   RUSSIA: Nineteen local and international environmental organizations have called on Sir Fred Goodwin, CEO of Royal Bank of Scotland (RBS), to recall a controversial US$1 billion loan by ABN AMRO for the Russian energy giant Gazprom’s purchase of a controlling share of the enormous Sakhalin II oil [...]

The Independent.ie: New power generation: Alternative energy sources

Solar reflectors: ‘We think we can achieve 15 times the biofuel yield per hectare of land by using algae rather than conventional crops’ Solar reflectors could one day make petrol from thin air, and algae may provide all the diesel we need. Simon Usborne reports on the race to perfect energy sources for the future [...]

bcLocalNews.com: Tahltan elders say no to Shell

January 30, 2008 British Columbia  A GROUP of Tahltan elders have added their voices in opposition to Shell’s plan to drill for coalbed methane natural gas in the Klappan area. The elders, centered in Telegraph Creek but who now also live around the northwest, feel the Klappan area is too important for development because it [...]