Eurobench.com

[verwijderd] 14 februari 2008 08:48

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Shell bestuurder: Gasproject Qatar op tijd en binnen budget
Donderdag 14 Februari 2008 08:06

AMSTERDAM (Dow Jones)--Het gasproject van Royal Dutch Shell plc in Qatar zal op tijd en binnen het budget worden afgerond, zegt Linda Cook, executive director 'global gas and power' van Shell.

'We verwachten te beginnen binnen het tijdsdoel en het budget,' zegt Cook over de Pearl Plant in Qatar, het grootste project ter wereld voor het omvormen van aardgas naar transportbrandstof.

Haar uitspraken ontkrachten berichten dat het project het budget en de deadline zou overschrijden.

[verwijderd] 15 februari 2008 10:54

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Shell wil capaciteit LNG terminal India verhogen

AMSTERDAM (Dow Jones)--Royal Dutch Shell plc zal de capaciteit bij zijn terminal voor vloeibaar gas in India uitbreiden, zegt Vikram Mehta, voorzitter van Shell in India.

Binnen een aantal maanden zal de capaciteit worden opgeschroefd naar 3,5 miljoen ton van de huidige 2,5 miljoen ton, stelt Mehta.

De expansie zal niet veel kosten, aldus Mehta. "We zullen het voornamelijk doen door een aantal bottlenecks weg te nemen," zegt Mehta.

Door Gurdeep Singh & Ykje Vriesinga; Dow Jones Nieuwsdienst; +31-20-5890270; ykje.vriesinga@dowjones.com

[verwijderd] 15 februari 2008 21:26

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Qatar and Shell eye long-term China LNG deal
archive.gulfnews.com/articles/08/02/1...

02/15/2008 11:36 PM | Reuters

Dubai: Qatar LNG producer Qatargas is in discussions with its partner Royal Dutch Shell for long term LNG sales to China, a Qatargas spokes-woman said.

Qatar is the world's largest producer of liquefied natural gas (LNG), which is gas chilled to its liquid form for easier transport on specially designed ships. Energy-hungry China is building a string of terminals to receive LNG imports.

"The parties are optim-istic about these long term supply discussions from Qatargas to China," the Qatargas spokeswoman said on Thursday. "Should these discussions be successful this would be the first long-term deal for Qatari LNG to China."

She declined to give further details on the volumes of LNG that Qatar and Shell planned to ship to China or the timeframe of the deal.

The discussions could take "some time" to conclude, she added.

Confirmation

In London, a Shell spokeswoman said Qatargas and Shell were in talks with Petrochina about long-term LNG sales to China. "I can confirm that we are in discussions with Qatargas and Petrochina about selling Qatari LNG to China," she said.

She would not comment on the amount of LNG under discussion.

Qatargas and Shell are partners on the Qatargas IV project, due to bring 7.8 million tonnes of LNG on line in 2010. State oil firm Qatar Petroleum owns 70 per cent of the project, while Shell owns the rest. The bulk of the exports had been earmarked for export to the United States, and Shell has arranged capacity at the US Elba Island facility to receive the gas.

It was unclear if Shell planned to divert gas to China previously earmarked for delivery to the United States.

Qatargas has announced in the past two months that it plans to deliver LNG to Mexico and Thailand as it looks to secure diverse markets for its gas.

Qatar aims to produce around 77 million tonnes of LNG in 2010, up from around 31 million tonnes now.

The Gulf state has the world's third-largest reserves of natural gas after Russia and Iran.

LNG production in Qatar is divided between two companies, Qatargas and Rasgas. State oil company Qatar Petroleum owns a majority stake in both, with international oil companies holding smaller stakes in individual production trains.

[verwijderd] 19 februari 2008 10:55

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Ruim 70 oliebedrijven, o.a. Shell, bieden op contract Irak

AMSTERDAM (Dow Jones)--Meer dan 70 internationale bedrijven, waaronder Royal Dutch Shell plc, hebben zich aangemeld bij het olieministerie van Irak om mee te dingen naar contracten voor de ontwikkeling van een van de grootste olievelden ter wereld, zo heeft een woordvoerder van het ministerie dinsdag gezegd.

De oliebedrijven konden tot maandag 18 februari hun documentatie indienen bij het Irakese ministerie.

"Over ongeveer een maand zullen we bekendmaken welke bedrijven toestemming krijgen om in Irak te werken," aldus de woordvoerder.

Naast Shell hebben onder andere BP plc, Repsol ypf, Total sa, ConocoPhillips en Edison spa zich ingeschreven op de Irakese oliecontracten of de intentie daartoe uitgesproken.

Irak biedt oliebedrijven zogeheten 'technical support agreements' voor het verhogen van de productie van het grootste olieveld van het land met 500.000 vaten olie per dag. Irak produceert op dit moment rond 2,4 miljoen vaten olie per dag.

Door Hassan Hafidh & Ykje Vriesinga; Dow Jones Nieuwsdienst; +31-20-5890270; ykje.vriesinga@dowjones.com

[verwijderd] 19 februari 2008 16:50

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Shell says Alberta refinery output is climbing
Tue Feb 19, 2008 3:24pm GMT

CALGARY, Alberta, Feb 19 (Reuters) - Royal Dutch Shell (RDSa.L: Quote, Profile, Research) said on Tuesday that production at its Scotford refinery near Edmonton, Alberta will return to its normal 98,000-barrel-per-day rate within a few days.

Jana Masters, a spokeswoman for the company, said Scotford's output was rising after running at reduced rates for more than a week due to unspecified problems that reduced supplies of gasoline and diesel fuel to customers in Western Canada. (Reporting by Scott Haggett; Editing by Bernadette Baum)

[verwijderd] 19 februari 2008 20:49

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Shell plans one rig program for 2008

ALAN BAILEY and KAY CASHMAN
Petroleum News
ANCHORAGE, Alaska — Even if the U.S. Court of Appeals gives Shell approval to drill oil exploration wells in Alaska's Beaufort Sea this year, the company has decided not to do any "critical" drilling in 2008, Shell's Alaska operations manager Susan Moore said Feb. 14.

The company's spokesman in Alaska, Curtis Smith, told Petroleum News that Shell's decision was based on "the availability of drilling assets" combined with a response to "repeated requests that we take a measured approach to exploring the Alaska offshore."

However, the company does plan to drill some shallow wells, termed "top-hole wells," that would not go deep enough to penetrate hydrocarbon reservoirs. Shell has been discussing its plans with regulators, Moore said.

"Basically it's preparatory work that would take place at the Sivulliq prospect," Smith said, referring to the prospect that used to be called Hammerhead and which lies offshore the North Slope, due north of Flaxman Island on the western side of Camden Bay.

"Top-hole wells typically extend (to depths of) 1,000 to 1,200 feet and provide structural support for the well as it grows in depth," Smith said.

Essentially, a top-hole well is a mudline well cellar with a 30-inch and 20-inch casing string that establishes the well structure, isolates the permafrost and provides the well with structural integrity, Smith said.

Shell wants to use its Kulluk floating drilling platform to drill three of these wells at Sivulliq. But the Frontier Discoverer, the drillship that Shell had also contracted for Beaufort Sea drilling, will remain in Australia during 2008, he said.

Drilling top-hole wells "will give us a head start on our 2009 season, which we hope will be quite robust," Smith said.

To drill the top-hole wells Shell will need permission of the U.S. Court of Appeals for the 9th Circuit because the company's Beaufort operations remain on hold, pending the outcome of an appeal by the North Slope Borough, the Alaska Eskimo Whaling Commission and several environmental organizations against U.S. Minerals Management Service approval of Shell's exploration plan.

That appeal has resulted in a court injunction on Shell's Beaufort drilling activities until the case is settled. The court heard oral arguments in the case in December but it is not clear when it will make a ruling.

"If we get the go-ahead from court and the permits we need, taking a more measured approach will help instill confidence with the stakeholders — demonstrate that we can operate safely and responsibly," Smith said. "We'll also get a chance to show off some of our technology."

Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

© 2002 The Alaska Journal of Commerce and Morris Communications Corp.

[verwijderd] 20 februari 2008 07:48

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posted Sunday, February 17, 2008

Shell ready to get to work on new Chukchi leases

Mineral Management Service's Director Randall Luthi spoke before the Chukchi Sea sale bids which totaled 667 lease sale bids and garnered $2.66 billion, the largest lease sale in Alaska's history.

By Tim Bradner

Alaska Journal of Commerce

After having laid out $2 billion for leases in the Chukchi Sea, Shell Oil is anxious to get to work.

Shell spokesman Curtis Smith said the company hopes to be able to initiate exploration in the area as soon as possible, with drilling perhaps as early as 2010. But it depends, first, on whether federal Mineral Management Service actually awards the leases on which Shell bid or was higher bidder, and secondly, whether permits can be secured.

Getting permits isn't likely to be easy considering the ruckus environmental groups and some coastal communities are raising over the prospect of oil spills in the Chukchi Sea.

Smith said Shell must also integrate a Chukchi Sea drilling program with its plans to explore leases in the Alaska Beaufort Sea, where drilling has been delayed by litigation. A decision by the U.S. Court of Appeals on the Beaufort Sea case is expected soon.

“The Chukchi represents a great opportunity for Shell and with it comes a tremendous responsibility. We will continue to apply our experience and technology to safe and responsible exploration in the Alaska offshore,” Shell said in a statement issued Feb. 7, the day after the sale.

The sale promises benefits for the state through jobs and the possibility of more oil for the trans-Alaska oil pipeline, which is now operating at only one-third of its original throughput, Shell said.

“It is important to note that the Chukchi Sea is not unknown to Shell. Shell led the prior exploration activity in the Chukchi Sea in the late 1980s and early 1990s. We operated four of the five exploration wells drilled offshore in the area during that period, and we encountered both oil and gas,” the company said.

In 1992 Shell drilled the Burger prospect in 149 feet of water, encountering hydrocarbons. An analysis by the Minerals Management Service indicated the find was mostly gas, but that there could be a lot of it. The agency estimated the prospect could hold as much as 13 trillion cubic feet of gas that could be technically recovered, although economics would dictate how much is actually produced.

Three other prospects drilled in that same period by Shell included Crackerjack, Popcorn and Klondike. Another well, Diamond, was drilled by Chevron. Although large quantities of gas were discovered at Burger, the deposit was considered uneconomic in 1992 and may be uneconomic today. Still, the find underscored the potential for the area.

“For the past four years we have been evaluating the interpreting the subsurface geological picture in the Chukchi. We have reprocessed an extensive 2D seismic set and have now had two seasons of new proprietary 3D seismic, all to underpin the confidence in the opportunities the Chukchi Sea presents,” Shell said in its Feb. 7 statement.

Smith said Shell is constructing ice-strengthened drill ships and support vessels that could be available for the Chukchi Sea drilling. One new project, a 50-50 joint-venture with Frontier Drillships Ltd., is for a deep water drill ship with an ice-class hull that could drill in water from 50 feet to 12,000 feet deep. The company is also building two new ice-class support vessels that can be used for anchor handling and supply purposes in the Arctic, Smith said.

Meanwhile, the lease sale has kicked up a storm of criticism. Opponents of the lease sale, which include environmental groups as well as some coastal villages, say the MMS and the industry shouldn't discount litigation that has been filed. The plaintiffs did not ask for an injunction to stop the sale but as the lawsuits proceeds there is always the possibility that the sale results could be voided by a court order.

Meanwhile, Alaska environmental scientists are concerned about the prospects for oil spills in the area. Rick Steiner, a University of Alaska environmental science professor, said MMS has discounted the difficulties of cleaning up an oil spill in the Arctic pack ice as well as recommendations against leasing issued by federal scientists.

“We do not believe oil and gas development in the Arctic Ocean can be done safely,” Steiner said. “The technology to clean up oil in ice does not exist.”

Steiner is a recognized authority on oil spill cleanup and routinely consults with foreign governments when major oil spills occur.

MMS geologists, however, feel bullish about the prospects for major discoveries in the Chukchi Sea. The lease sale area, which included submerged OCS lands from a buffer zone along the Alaska coast to the U.S.-Russia border, include thick layers of sedimentary rocks and several hundred potential oil and gas traps identified by seismic surveys in the late 1980s and 1990s.

The MMS has established a buffer zone of 25 to 50 miles along the Alaska coast to allow for protection of marine mammals, birds and other wildlife that are important for Inuit Eskimo villages along the Alaska coast.

Formidable logistics and environmental issues face operators in the area, however. The region is several hundred miles west of the nearest industry infrastructure in the Prudhoe Bay oil field area and is in an offshore region where winter ice is thick and solid.

Any discovery would require a long-distance pipeline to be built to shore and then across the National Petroleum Reserve-Alaska to the trans-Alaska oil pipeline. It is possible that an offshore loading terminal may also be required, involving the use of tankers reinforced for ice protection.

Tim Bradner can be reached

at tim.bradner@alaskajournal.com.

[verwijderd] 21 februari 2008 10:24

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LONDON (Thomson Financial) - Royal Dutch Shell PLC said it has acquired three exploration permits in the Exmouth basin off the coast of North West Australia.

Shell will become the project operator of the WA-384-P, WA-385-P, and WA-394-P licenses which it purchased from Octanex NL and Strata Resources NL.

The deal is subject to government approval, Shell said, adding it expects to acquire seismic data in the areas in 2008-09. Terms of the transaction were not disclosed.

Chris Gunner, chief operating officer for Shell Development Australia, said the acquisition was consistent with the Anglo-Dutch oil group's aim to grow its Australian gas portfolio.

"Shell is committed to growing its portfolio in Australia through exploration for more integrated gas. By 2015, Asia Pacific is predicted to represent about 50 pct of global liquefied natural gas demand and we see Australia as well-placed to supply LNG into this expanding market," he said. monicca.egoy@thomson.com mbe/ro

[verwijderd] 22 februari 2008 14:55

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Shell Asks SEC to Allow Inclusion of Canadian Sands in Reserves

By Fred Pals

Feb. 22 (Bloomberg) -- Royal Dutch Shell Plc, Europe's largest oil company by market value, urged U.S. regulators to ease rules on how petroleum reserves are counted to allow the inclusion of Canada's oil sands.

``The current exclusion of reserves not reported for crude oil, natural gas, and natural gas liquids that may be recovered from tar sands, oil shale, and other in-place hydrocarbons should be removed,'' The Hague-based Shell said in a letter to the U.S. Securities and Exchange Commission dated Feb. 19.

The SEC is considering rule changes that would permit companies to count reserves that their engineers haven't yet figured out how to tap, as well as oil from Canada's tar sands, now classified as mining operations. Easing reporting rules may spur acquisitions by giving suitors more details about a target company's growth potential.

Shell four years ago said 41 percent of the reserves on its books had been improperly recorded. The issue triggered regulatory probes in the U.S. and U.K., $151.5 million in fines, shareholder lawsuits and the ouster of three senior executives. Shell wants to revive production growth through projects such as Canadian oil-sands and a gas-to-liquids venture in Qatar.

``The inclusion of all in-place hydrocarbons or mineral resources that can produce hydrocarbons would improve completeness in company disclosures,'' Shell said in the letter. ``Technological advances have been made in recent years to develop and produce unconventional resources to deliver to the market traditional petroleum products, and this trend is likely to continue in the future,'' Shell said.

The company will publish last year's reserve replacement ratio, which states the percentage of production replaced by new discoveries, in its annual report. The company is also due to give a strategy update on March 17.

[verwijderd] 25 februari 2008 20:50

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Royal Dutch Shell Buys 15 Trillion Worth of Oil for 2.1 Billion
By Raymond J. Learsy
Feb 25, 2008, 15:01

Royal Dutch Shell's 'New Heartland,' Alaskan Drilling Rights, The Abject Surrender of Our National Patrimony

Earlier this month, Royal Dutch Shell, coming off the most rapacious
quarter in its history with a 60% increase in earnings to $8.47 billion,
spurred on in large measure by OPEC-inflated crude oil prices,
announced that it had successfully obtained the drilling rights to 275
lease blocks in the Chukchi Sea offshore northwest Alaska. These new
lease holdings, together with Shell's lease holdings in the Beaufort Sea
moved David Lawrence, Shell's Executive Vice President Exploration to triumphantly exclaim they have the "potential of becoming a new heartland for Shell."

And there, in a nutshell you have it. What was once the national
patrimony of all Americans is now becoming the new 'heartland' for
Royal Dutch Shell. To give you a sense of the giveaway, the Minerals
Management Service, the federal agency responsible for the auction covering 29.7 million acres has estimated that the area contains 15 billion barrels of "conventionally recoverable" oil and 77 trillion cubic feet of conventionally recoverable gas. Shell, as the high bidder, is proudly proclaiming it is paying $2.1 billion for the leases. Leases that appear certain to be in the most prolific areas of the Chuckchi Sea. That amounts to a grand cost of 14 cents a barrel permitting access to the potential of some 15 billion barrels of a commodity now selling near $100/bbl.

Yes, there will be development and drilling costs but nothing even closely approaching the avalanche of prospective revenues from the oil and gas when all is said and done. By the way, if these numbers become too overwhelming for you, at today's prices the market
value of 15 billion barrels of oil is about $1.5 trillion dollars ($1,500,000,000,000). And that's not counting the 77 trillion cubic feet of natural gas. The risk reward ratio is so staggering, that with house odds such as these, Las Vegas would have been out of business years ago.

Perhaps a little insight into the agency whose talents were able to
organize stripping this resource from our patrimony to the moneyed and vested interests of a senior player of the oil patch coven, might well
be edifying. The Minerals Management Service, the federal agency
responsible for this boondoggle (over the objections of conservation groups and the Inupiat Community of the Arctic Slope) is a division of our trusted Department of the Interior whose reputation was cause for Earl Deveney, the Interior Department's Inspector General to comment in exasperation at the Agency's fostering of a culture of "management irresponsibility" that tolerated conflicts of interest, to the point "Short of crime, anything goes at the Department of the Interior." Not to be outdone Rep. George Miller (D-California) felt moved to comment, "If things keep going like this we're going to need two sets of handcuffs, one for the oil companies and one for the bureaucrats."

But wait, it gets better. This begins to read like a 'whodunit?' Three
guesses. Who serves as General Counsel for Shell? You probably nailed
it. None other than Gale Norton, who served for five years as President
Bush's Secretary of the Department of the Interior. If only Sherlock
Holmes were around to do justice to all of this.

Cause and effect? Who knows, but given the incestuous traditions
between the oil companies, this oil addled administration and the
Department of the Interior, one can bet that we, the public, will be
getting short shrift. That the bulk of the wealth derived from the
development of these public lands will land on Royal Dutch Shells
bottom line and not in the public purse. We will be paying for the oil
twice. Once through the giveaway at the well, and again at the pump
when we buy it back through the price of gasoline.

How much better served we would be, how much more assured we would feel, if we knew our national resources remained in the public domain and were under the stewardship of a National Oil Trust and developed for the nation as a whole and not the crony racket that our government has permitted to run amok with its pittance royalties, munificent tax breaks, loopy depreciation allowances and on.
That such a trust would be empowered to manage, with particular environmental sensitivity, the enormous and still untapped energy reserves located on our public lands and underneath the oceans off our continental shelf.

As pointed out in a previous post ("An Energy Agenda For a New Age: Time For a National Oil Trust" 11.20.06) the National Oil Trust could be
modeled after Norway's Petroleum Directorate whose stated objective is
to create the greatest public value for Norwegian society from
Norway's oil and gas deposits. The Norwegian government also created a national oil company, Statoil, whose prime function was the marketing
and distribution of the Norwegian State's direct interest in each
production operation. The Norwegian State owns 70 share interest in
Statoil, the balance owned by investors worldwide including a broad
array of global market funds. Profits from the oil and gas operations
accrue to the Norwegian Government's Pension Fund and is invested in
conservative bond and stocks. Were we to have a similar structure, the
trust could be mandated to direct investments toward developing a full range of alternative energy sources and to expand our mass transportation. It could well become the cornerstone of a viable program aimed at breaking our environmentally suicidal addiction to fossil fuels.

But then again the Shells, Exxons, Chevrons and the oil patch generally
have far greater sway over our 'elected' representatives in Washington
than the rest of us. 'They' with their 'K' Street honchos and their politico money-raising talents. 'They' have exercised this mordant influence for years and it is well past time that they be held to account!

[verwijderd] 3 maart 2008 15:16

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Shell mag oliezanden niet als reserves boeken--media--2
3 maart 2008, 14:11 uur | FD.nl/Betten
Toevoeging: reactie Shell in alinea 6 en 7

Amsterdam (BETTEN FINANCIAL NEWS) - Shell mag mogelijk de olievoorraden van de Canadese teerzanden niet meenemen bij de berekening van de vervangingsratio van de oliereserves. Dit meldt de Britse krant Daily Telegraph maandag op basis van een bron.

De oliemaatschappij komt op 17 maart met een strategie-update naar buiten. Op dat moment maakt Shell ook de vervangingsreserve ofwel 'reserve replacement ratio' bekend. Deze ratio geeft de mate weer waarin Shell in staat is gewonnen olie en gas door nieuw gevonden voorraden te vervangen.

Andere jaren gaf Shell bij de presentatie van de jaarcijfers altijd een verwachting af voor deze ratio. Dit jaar deed Shell dat niet omdat sectorgenoten dit cijfer ook pas later zouden presenteren. De markt vreesde destijds dat deze verlate publicatie een slecht voorteken is.

Volgens de Telegraph lukt het Shell niet om op tijd goedkeuring te krijgen van de Amerikaanse beurstoezichthouder Securities and Exchange Commission (SEC) om de reserves van de oliezanden mee te kunnen tellen bij de voorraden. De SEC ziet namelijk grote risico's bij teerzandprojecten en er bestaat een kans op falen.

Een bron zei tegen de Telegraph dat de SEC 'als een havik bovenop Shell zit'. Shell kwam in 2004 in opspraak omdat de oliemaatschappij de reserves te hoog had weergegeven. De onderneming moest toen de officiele reserves met 20% neerwaarts bijstellen.

Shell-woordvoerder Andre Romeyn zegt in een reactie op dit bericht dat de teerzanden nog nooit zijn meegeteld met de olievoorraden. 'Oliezanden vallen onder Mining en die post telt nooit mee met de berekening van de vervangingsratio.'

De oliemaatschappij heeft wel omtrent de teerzandvoorraden verzoeken ingediend bij de SEC. Romeyn betwijfelt echter ter zeerste of deze aanvragen al voor 17 maart zullen zijn afgehandeld. Het is om die reden dan ook zeer onwaarschijnlijk dat de teerzanden dit jaar nog bij de reserves kunnen worden opgeteld.

De Telegraph stelt nu te verwachten dat de reserve replacement ratio van Shell uit zal komen op 100%. Ter vergelijking, de Britse concurrent BP maakte een ratio bekend van 112%. Het cijfer van Exxon kwam uit op 132%.

Corina Ruhe
corina@bfn.com

(c) BETTEN FINANCIAL NEWS (tel: +31 20 710 1756; fax: +31 20 710 1875

[verwijderd] 5 maart 2008 16:42

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Shell Energy North America Seeks Expression of Interest for Broadwater Natural Gas Sales

HOUSTON, March 5 /PRNewswire/ -- Shell Energy North America (US), L.P.,
(Shell Energy North America) a leading natural gas and power marketing and
trading company, today announced it would discuss potential natural gas
supply sales with large natural gas consumers and distribution companies in
Long Island, New York City and southern Connecticut in support of the
success of the Broadwater project.

Shell Energy North America is responsible for marketing all of the
natural gas from the Broadwater LNG project, which will be located in Long
Island Sound. Broadwater is a joint venture between Shell US Gas & Power
LLC and TC Pipelines, LP. Broadwater will deliver a large new supply of
clean-burning natural gas directly into Long Island, New York City and
southern Connecticut through an interconnection with the existing Iroquois
Pipeline System. It is estimated that this significant supply could equal
nearly 30 percent of current annual demand.

"Broadwater may well change the dynamics of the gas supply in New York.
Instead of being last on the delivery system, New York will be first," said
Mark Hanafin, CEO of Shell Energy North America. "Subject to the upcoming
decision by the Governor of New York, we will introduce a competitively
priced new supply of natural gas, a clean-burning fuel, to the residents of
New York."

"Based on Broadwater's continued progress, now is the right time to
have further discussions with our potential customers regarding natural gas
supply contracts from Broadwater. To date, we have had preliminary
inquiries from utilities, generation and energy companies, and other large
commercial and industrial natural gas customers," Hanafin added.

"We are hopeful that this new significant supply of clean-burning
natural gas will be an important contributor to existing and future power
generation facilities in the region positively impacting the residents of
the State of New York and the surrounding region."

Headquartered in Houston with regional offices throughout the U.S.,
including Syracuse, NY, Shell Energy North America is a wholly owned
subsidiary of Royal Dutch Shell plc (Shell) and operates throughout North
America as an integral part of Shell's global trading network. A leader in
North American gas and power marketing, Shell Energy North America and its
subsidiaries trade and market natural gas, wholesale power and risk
management products with counterparties and customers throughout the
region. Shell Energy North America's success can be linked to its ongoing
ability to provide customers with a diverse network of supply supported by
a host of flexible and integrated marketing, trading, risk management and
asset management tools and services.

As a part of Shell, it leverages Shell's resources, global reach,
employee expertise and financial strength to offer integrated,
comprehensive energy solutions tailored to meet the needs of its wide
variety of customers, including large commercial and industrial users,
major retailers, local gas distribution companies, electric utilities,
independent power producers, retail energy aggregators, and oil and gas
companies.

Shell Oil Company, including its consolidated companies and its share
in equity companies, is one of America's leading oil and natural gas
producers, natural gas marketers, gasoline marketers and petrochemical
manufacturers. Shell, a leading oil and gas producer in the deepwater Gulf
of Mexico, is a recognized pioneer in oil and gas exploration and
production technology. Shell Oil Company is an affiliate of the Shell
Group, a global group of energy and petrochemical companies, employing
approximately 108,000 people and operating in more than 130 countries and
territories.

Disclaimer statement

This announcement contains forward-looking statements concerning the
financial condition, results of operations and businesses of Royal Dutch
Shell. All statements other than statements of historical fact are, or may
be deemed to be, forward-looking statements. Forward-looking statements are
statements of future expectations that are based on management's current
expectations and assumptions and involve known and unknown risks and
uncertainties that could cause actual results, performance or events to
differ materially from those expressed or implied in these statements.
Forward-looking statements include, among other things, statements
concerning the potential exposure of Royal Dutch Shell to market risks and
statements expressing management's expectations, beliefs, estimates,
forecasts, projections and assumptions. These forward-looking statements
are identified by their use of terms and phrases such as "anticipate",
"believe", "could", "estimate", "expect", "intend", "may", "plan",
"objectives", "outlook", "probably", "project", "will", "seek", "target",
"risks", "goals", "should" and similar terms and phrases. There are a
number of factors that could affect the future operations of Royal Dutch
Shell and could cause those results to differ materially from those
expressed in the forward-looking statements included in this Report,
including (without limitation): (a) price fluctuations in crude oil and
natural gas; (b) changes in demand for the Group's products; (c) currency
fluctuations; (d) drilling and production results; (e) reserve estimates;
(f) loss of market and industry competition; (g) environmental and physical
risks; (h) risks associated with the identification of suitable potential
acquisition properties and targets, and successful negotiation and
completion of such transactions; (i) the risk of doing business in
developing countries and countries subject to international sanctions; (j)
legislative, fiscal and regulatory developments including potential
litigation and regulatory effects arising from recategorisation of
reserves; (k) economic and financial market conditions in various countries
and regions; (l) political risks, project delay or advancement, approvals
and cost estimates; and (m) changes in trading conditions. All
forward-looking statements contained in this presentation are expressly
qualified in their entirety by the cautionary statements contained or
referred to in this section. Readers should not place undue reliance on
forward-looking statements. Each forward-looking statement speaks only as
of the date of this presentation, May 4, 2006. Neither Royal Dutch Shell
nor any of its subsidiaries undertake any obligation to publicly update or
revise any forward-looking statement as a result of new information, future
events or other information. In light of these risks, results could differ
materially from those stated, implied or inferred from the forward-looking
statements contained in this document.

The United States Securities and Exchange Commission (SEC) permits oil
and gas companies, in their filings with the SEC, to disclose only proved
reserves that a company has demonstrated by actual production or conclusive
formation tests to be economically and legally producible under existing
economic and operating conditions. We use certain terms in this
presentation, such as "oil in place" that the SEC's guidelines strictly
prohibit us from including in filings with the SEC. U.S. Investors are
urged to consider c

[verwijderd] 6 maart 2008 16:00

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Shell bereikt overeenkomst inzake claims VS ivm voorraden
6 maart 2008, 15:51 uur | FD.nl/Betten
Amsterdam (BETTEN FINANCIAL NEWS) - Shell heeft in principe overeenstemming bereikt met beleggers in de Verenigde Staten met betrekking tot het reserveschandaal in 2004. Dit heeft Shell donderdag bekendgemaakt.

De voorgestelde schikking is in aanvulling op een eerder aangekondigde overeenstemming die werd bereikt met personen en organisaties die niet gevestigd zijn in de Verenigde Staten die aandelen Shell hebben gekocht op niet-Amerikaanse beurzen in de periode van 8 april 1999 tot 18 maart 2004. De afspraken met deze groep moeten nog worden bekrachtigd door het Gerechtshof in Amsterdam.

De nieuwe schikking betreft alle personen en bedrijven die aandelen Shell hebben gekocht op de Amerikaanse markt gedurende de hierboven genoemde periode.

Shell stelt voor om met de Amerikaanse groep beleggers te schikken voor een bedrag van $ 79,9 mln plus een bedrag van $ 2,95 mln. Deze bedragen zijn in verhouding gebracht met de bedragen die in Nederland zijn voorgesteld. Hier bovenop biedt Shell nog $ 35 mln dat gelijkelijk moet worden verdeeld tussen de Amerikanen en de overige beleggers.

Shell kwam in 2004 in opspraak omdat de oliemaatschappij de bewezen reserves te hoog had voorgesteld. De onderneming moest toen de officiele reserves met 20% neerwaarts bijstellen.

Als de genoemde schikkingen in zowel Nederland als in de Verenigde Staten worden goedgekeurd, zou Shell verlost zijn van alle lopende rechtszaken die de onderneming boven het hoofd hangen naar aanleiding van het reserveschandaal.

Corina Ruhe
corina@bfn.com

(c) BETTEN FINANCIAL NEWS (tel: +31 20 710 1756; fax: +31 20 710 1875

[verwijderd] 6 maart 2008 20:12

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Shell schikt Amerikaanse beleggersclaims over reserves

AMSTERDAM (Dow Jones)--Royal Dutch Shell plc zal ongeveer $118 miljoen betalen in een schikking van claims van Amerikaanse beleggers in verband met de onjuiste gegevens die het olieconcern in het recente verleden heeft afgegeven over de aanwezige reserves.

De schikking betekent een aanvulling op een vorig jaar afgesloten overeenkomst, waarbij Shell zich verplichtte $400 miljoen te betalen, als schikking in een zaak tegen Europese aandeelhouders.

Als de schikkingen worden goedgekeurd door de rechter, zal dat een einde maken aan een jarenlang dispuut, naar aanleiding van de bijstelling van de oliereserves door Shell in 2004.

Het olieconcern liet toen weten zijn oliereserves met 20% te hoog te hebben ingeschat. In reactie daarop dienden twee pensioenfondsen uit Pennsylvania een schadeclaim in. De toenmalige chief executive van Shell, Philip Watts, moest opstappen en de organisatiestructuur van het bedrijf werd veranderd.

Shell heeft al $500 miljoen opzij gezet voor de schikkingen in de VS en Europa.

Door Archie van Riemsdijk; Dow Jones Nieuwsdienst; +31-20-5715200; amsterdam@dowjones.com

[verwijderd] 6 maart 2008 20:55

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Kan geen beter moment zijn deze schikking.
Reserves die ze de komende dagen zullen voorleggen zullen dan als echt geloofwaardig kunnen gezien worden.
Nog enkele dagen en we weten wat het zal worden met RDS. Terug naar de 27/28 of echt het putje in.

[verwijderd] 7 maart 2008 10:23

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Ongepland onderhoud voor de Scotford oil sands upgrader.

www.upstreamonline.com/live/article15...

Bull Super 7 maart 2008 13:57

0

quote:
danoc schreef:
Kan geen beter moment zijn deze schikking.
Reserves die ze de komende dagen zullen voorleggen zullen dan als echt geloofwaardig kunnen gezien worden.
Nog enkele dagen en we weten wat het zal worden met RDS. Terug naar de 27/28 of echt het putje in.

Wanneer wordt dit nieuws verwacht?

Bart Meerdink 7 maart 2008 15:35

0

quote:
Artic schreef:
Ongepland onderhoud voor de Scotford oil sands upgrader.

www.upstreamonline.com/live/article15...

Er schort wat aan de operational excellence hier, vrees ik.

Lees ik niet graag. Bij de les blijven JvdV, straks gaat er iets mis wat milieuconsequenties heeft en dan is Shell nog niet jarig!

[verwijderd] 7 maart 2008 21:36

0

quote:
dokterSpock schreef:
[quote=danoc]
Kan geen beter moment zijn deze schikking.
Reserves die ze de komende dagen zullen voorleggen zullen dan als echt geloofwaardig kunnen gezien worden.
Nog enkele dagen en we weten wat het zal worden met RDS. Terug naar de 27/28 of echt het putje in.
[/quote]
Wanneer wordt dit nieuws verwacht?

Dokter,
Dit zou vòòr 17 maart moeten zijn.

[verwijderd] 10 maart 2008 16:24

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Shell en Exxon peilen interesse voor Infineum
Maandag 10 Maart 2008 08:45
(Novum/Betten) - Shell Chemicals Limited en ExxonMobil Chemical onderzoeken de interesse in de markt voor hun joint venture Infineum. Dat hebben beide oliemaatschappijen maandag bekendgemaakt. Als onderdeel van een strategische review wordt met enkele potentiÃ«le kopers gesproken over de joint venture.

JP Morgan assisteert bij de strategische studie. "Er is geen desinvesteringsbeslissing genomen en geen tijdslijn afgesproken met betrekking tot de strategische studie", aldus Shell en ExxonMobil.

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Volume gemiddeld	6.066.883
Volume gisteren	4.628.075

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