Actual News History Analyses Other

Koninklijke Olie News



profile

quote

news

options
-

Monday January 7 2002
Roels to quit Shell in June
Harry Roels, a Dutch member of the five-man committee that runs Royal Dutch/Shell, is to resign in June, in a move that could open the delicate issue of national balance among the British and Dutch top managers of the oil group. The company said Roels, 53, who has been with the group for his entire career, was resigning as managing director of Royal Dutch Petroleum and as group managing director of the Shell group, for personal reasons, at his own request.

Thursday January 3 2002
Shell acquires capacity rights of Southern LNG
Shell Gas & Power (Shell) and Southern LNG, a FERC-regulated subsidiary of El Paso Corporation, announced on Thursday that they have entered into a binding precedent agreement for Shell to acquire all of the additional capacity offered by Southern LNG in its recently concluded open season to expand its Elba Island liquefied natural gas (LNG) facility near Savannah, Georgia.

Monday December 24 2001
Shell, Russia's Gazprom to set up joint venture
Shell and Russian natural gas monopoly Gazprom plan to set up a joint venture early next year to develop the deep horizons of Russia's Zapolyarnoye oil and gas condensate field. Talks on the plan "are close to completion", Shell Russia spokesman Maksim Shub told Interfax. Development of Zapolyarnoye officially began on 31 October, 2001.

Monday December 17 2001
New plans and targets for the Shell Group
Executives of the Royal Dutch / Shell Group of Companies discussed delivery of Shell's roadmap targets set in 1998, and described strategies and new targets during a presentation to fund managers and analysts in London on Monday, 17th December 2001. The presentation will be repeated in New York tomorrow.

Thursday December 13 2001
Shell wins bids for Nigerian power projects
Shell Group said its unit Shell Petroleum Development Co of Nigeria (SPDC) won bids to operate two gas-fired power projects in Nigeria. The contracts are to refurbish, operate and transfer the Afam I-IV plant and lease, operate and transfer the Afam V plant. The contracts were awarded by the National Electric Power Authority and are still subject to finalisation of the handover details.

Friday December 7 2001
Shell closing down two French refineries for safety reasons on strike action
Shell group of companies confirmed it has begun the process of closing down two refineries in France, after workers there began striking during annual pay negotiations. "They are starting to shut down so they can shut down safely", a spokesman for the oil group said. The two refineries -- Petit Couronne and Berre L'Etaing -- have a combined daily production of over 220,00 barrels of oil per day.

Thursday November 29 2001
Shell takeover of German petrol stations is blocked
The takeover of 2,300 petrol stations in Germany by Shell was blocked by German competition authorities on Thursday. UK rival BP was also told that it cannot go ahead with its takeover of 2,500 German petrol stations. The German competition authority fears that Shell and BP will win too powerful a position on the German petrol market.

Tuesday November 27 2001
Shell considers selling Belgian gas investments
Shell Group is considering selling its 16.67% stake in Belgian natural gas company Distrigas, Marc Bryckman of Belgian Shell said. Shell is investigating whether it can use the invested capital more profitably elsewhere. Distrigas shareholders are expected to decide on Friday, during an extraordinary meeting, to split Distrigas into a commercial company and a transport company. Shell doubts whether it makes sense to invest in a transport company.

Tuesday November 13 2001
Shell's US arm to buy its two partners' interests
Texaco. has agreed to sell Shell Oil its interests in Motiva Enterprises LLC and Equilon Enterprises LLC, which will make Royal Dutch/Shell Group America's biggest marketer of gasoline. As part of its efforts to reverse the fortunes of its worst performing unit, Shell has announced Rob Routs will become chief executive of Shell Oil Products However, with relationships between Shell and its gasoline dealers at an all time low, and with Shell gaining just 44 cents a barrel profit, Routs faces a hard task.

Monday November 12 2001
Shell in talks with Italian sector
Shell Group is in talks with Italian sector rival Eni about the takeover of 4,000 petrol stations in Italy, it was reported on Tuesday. 'We are in talks with a number of oil groups about the sale of the petrol stations, so Shell is likely to be among them', an Eni spokesperson told the press.

Wednesday November 7 2001
Shell, others searched by Dutch regulator in price fixing probe
The Dutch competition authority NMa said it conducted searches at the offices of Royal Dutch/Shell, Texaco, TotalFinaElf, BP PLC, Q8 et Exxon Mobil Corp for evidence of possible price fixing. "We carried out searches as part of an inquiry which began 18 months ago on the recommendation of parliament", NMa spokesman Barbara Roest said. The NMa hopes to publish the results of the inquiry at the end of the month.

Thursday November 1 2001
Net income Shell Q3 2001 USD 2,454 mln
Key features of the third quarter 2001 l The Group's adjusted CCS earnings (i.e. on an estimated current cost of supplies basis excluding special items) of USD 2,686 mln were 17% lower than those achieved a year ago mainly due to the weaker overall business environment. The effects of lower oil and US natural gas prices and lower refining and chemicals margins were partly offset by the benefits of higher gas volumes and marketing margins.

Tuesday October 16 2001
Akzo Nobel and Shell to jointly develop low cost solar panels
Akzo Nobel and Shell Renewables have signed a joint development agreement to pilot a low-cost process of mass-producing flexible solar cell panels. If the pilot project proves successful, it could help to overcome one of the main hurdles to widespread application of solar photovoltaics: its high cost.

Wednesday October 10 2001
Shell deal paves way for Texaco acquisition
Shell and state-controlled partner Saudi Aramco have reached an agreement to acquire Texaco's stakes in their jointly-owned US oil refining and gasoline retailing concerns Motiva and Equilon for USD 3.8 bn (GBP2.6bn), removing remaining regulatory hurdles to Texaco's USD 40 bn merger with Chevron. Shell and Saudi Aramco will pay USD 2.1 bn in cash and assume USD 1.4 bn in debt and USD 300 mln of pension liabilities to buy Texaco's stakes in Equilon and Motiva.

Tuesday October 9 2001
Agreement on US acquisition strenghtens Shell's downstream position
Shell Oil Company (Houston, USA) ('Shell'), a wholly owned member of the Royal Dutch/Shell Group of Companies, announced on Tuesday that it has signed a memorandum of understanding to acquire Texaco.'s interests in Equilon Enterprises LLC ('Equilon'), making Shell the 100% owner. The memorandum of understanding also provides that Shell and Saudi Refining,.

Wednesday October 3 2001
Shell retains hopes of Texaco deal
Philip Watts, Shell's new chairman, said on Wednesday he was still hopeful the Anglo-Dutch oil company would be able to buy Texaco's stakes in joint venture refinery assets, but acknowledged a deal would need to be imminent. Shell and Texaco, the US oil company, have been locked in a lengthy and bitter price dispute over the joint ventures, called Equilon and Motiva, but have failed to reach an agreement.

Friday September 28 2001
Buyback of own shares Royal Dutch
Shell announces that on September 27, 2001 it purchased 865,000 ordinary shares at a price of EUR 51.97 per share. The "Shell" Transport and Trading Company, p.l.c. announces that on September 27, 2001 it purchased for cancellation 1,875,000 ordinary shares at a price of 473.43 pence per share. Since the launch of the Companies' share buyback programmes on February 8, 2001 Royal Dutch Petroleum Company has repurchased a total of 42,861,352 ordinary shares leaving ordinary shares outstanding in the market of 2,101,435,000.

Shell signed letter of intent
Shell Group unit Shell Chemical said it signed a letter of intent to acquire a refinery in Puerto Rico from Sunoco. The refinery employs 150 and processes around 77,000 barrels a day, the company said in a statement. No financial details were released. The transaction is still subject to due diligence, with the parties hoping to sign a definitive agreement by Jan 1.

Shell and its Malampaya offshore gas field
Shell Group said its Malampaya offshore natural gas field in the Philippines has come onstream four days ahead of schedule. Royal Dutch unit Shell Philippines Exploration BV (SPEX) said in a statement that it delivered gas yesterday to the 1,000-megawatt Santa Rita combined cycle power plant in Batangas province south of Manila.

Thursday September 27 2001
Buyback of own shares Shell
Shell announces that on September 26, 2001 it purchased 500,000 ordinary shares at a price of EUR 50.68 per share. The "Shell" Transport and Trading Company, p.l.c. announces that on September 26, 2001 it purchased for cancellation 2,000,000 ordinary shares at a price of 463.48 pence per share. Since the launch of the Companies' share buyback programmes on February 8, 2001 Royal Dutch Petroleum Company has repurchased a total of 41,996,352 ordinary shares leaving ordinary shares outstanding in the market of 2,102,300,000.

Wednesday September 26 2001
Buyback of own shares Shell
Shell announces that on September 25, 2001 it purchased 1,600,000 ordinary shares at a price of EUR 49.46 per share. The "Shell" Transport and Trading Company, p.l.c. announces that on September 25, 2001 it purchased for cancellation 4,000,000 ordinary shares at a price of 454.08 pence per share. Since the launch of the Companies' share buyback programmes on February 8, 2001 Royal Dutch Petroleum Company has repurchased a total of 41,496,352 ordinary shares leaving ordinary shares outstanding in the market of 2,102,800,000.

Tuesday September 25 2001
Shell first in line for gas field technologie
Shell has struck a deal with leading Scottish engineering group Weir and south-east firm Corac for first use of technology designed to extend the life of ageing gas fields by up to five years. Last week, the Anglo-Dutch multinational warned it had cut its oil and gas production growth targets for the next three years from 5% to 3% and that output from ageing North Sea and US fields was falling faster than anticipated.

Buyback of own shares Shell
Shell announces that on September 24, 2001 it purchased 1,600,000 ordinary shares at a price of 49.09 euros per share. The "Shell" Transport and Trading Company, p.l.c. announces that on September 24, 2001 it purchased for cancellation 6,000,000 ordinary shares at a price of 455.62 pence per share. Since the launch of the Companies' share buyback programmes on February 8, 2001 Royal Dutch Petroleum Company has repurchased a total of 39,896,352 ordinary shares leaving ordinary shares outstanding in the market of 2,104,400,000.

Monday September 24 2001
Buyback of own shares Shell
Shell announces that on September 21, 2001 it purchased 1,100,000 ordinary shares at a price of EUR 45.09 per share. The "Shell" Transport and Trading Company, p.l.c. announces that on September 21, 2001 it purchased for cancellation 7,000,000 ordinary shares at a price of 419.16 pence per share. Since the launch of the Companies' share buyback programmes on February 8, 2001 Royal Dutch Petroleum Company has repurchased a total of 38,296,352 ordinary shares leaving ordinary shares outstanding in the market of 2,106,000,000.

Friday September 21 2001
Buyback of own shares Shell
Shell announces that on September 20, 2001 it purchased 1,100,000 ordinary shares at a price of EUR 49.65 per share. The "Shell" Transport and Trading Company, p.l.c. announces that on September 20, 2001 it purchased for cancellation 7,000,000 ordinary shares at a price of 461.69 pence per share. Since the launch of the Companies' share buyback programmes on February 8, 2001 Royal Dutch Petroleum Company has repurchased a total of 37,196,352 ordinary shares leaving ordinary shares outstanding in the market of 2,107,100,000.

Shell, Russia's Gazprom bid for China gas project
Shell and Gazprom are currently involved in talks in Moscow to develop a joint strategy for participation in a project to build the West-East Trans-China pipeline, Gazprom said in a press release. The partners plan to set up a consortium to implement this project, the press release said. Gazprom submitted an investment proposal for participation in the project to the Chinese company PetroChina and held a presentation in Beijing on 1 September.

Thursday September 20 2001
Buyback of own shares Shell
Royal Dutch Petroleum Company (N.V. Koninklijke Nederlandsche Petroleum Maatschappij) announces that on September 19, 2001 it purchased 900,000 ordinary shares at a price of EUR 52.98 per share. The "Shell" Transport and Trading Company, p.l.c. announces that on September 19, 2001 it purchased for cancellation 5,000,000 ordinary shares at a price of 492.54 pence per share.

Wednesday September 19 2001
Shell forecast growth of 3%
Shell's growth in upstream production is forecast to average 3% a year up to 2005. The figure was disclosed during a presentation to analysts in The Hague on Wednesday by Walter van de Vijver, CEO of the Exploration and Production business and a member of the Committee of Managing Directors of the Royal Dutch/Shell Group of companies.

Shell: buyback of own shares
Shell announces that on 19 September, 2001 it purchased 900,000 ordinary shares at a price of EUR 52.98 per share. The "Shell" Transport and Trading Company, p.l.c. announces that on 19 September, 2001 it purchased for cancellation 5,000,000 ordinary shares at a price of 492.54 pence per share. Since the launch of the Companies' share buyback programmes on 8 February, 2001 Royal Dutch Petroleum Company has repurchased a total of 36,096,352 ordinary shares leaving ordinary shares outstanding in the market of 2,108,200,000.

Friday August 31 2001
Buyback of own share Shell
Shell announces that on August 30, 2001 it purchased 450,000 ordinary shares at a price of EUR 63.43 per share. The "Shell" Transport and Trading Company, p.l.c. announces that on August 30, 2001 it purchased for cancellation 3,000,000 ordinary shares at a price of 573.47 pence per share. Since the launch of the Companies' share buyback programmes on February 8, 2001 Royal Dutch Petroleum Company has repurchased a total of 35,196,352 ordinary shares leaving ordinary shares outstanding in the market of 2,109,100,000.

Thursday August 30 2001
Buyback of own shares Shell
Royal Dutch Petroleum Company (N.V. Koninklijke Nederlandsche Petroleum Maatschappij) announces that on August 29, 2001 it purchased 450,000 ordinary shares at a price of EUR 62.94 per share. The "Shell" Transport and Trading Company, p.l.c. announces that on August 29, 2001 it purchased for cancellation 2,000,000 ordinary shares at a price of 568.68 pence per share.

Shell steps up bid for gasfields
Shell is stepping up its campaign to secure production control of a liquefied natural gas (LNG) project in the Timor Sea. In late August 2001, the oil and gas company threw its financial might behind a proposal for a USD A4 billion floating LNG processing barge, which it claims would offer capital savings of up to 40%, in return for production control.

Thursday August 23 2001
Brussels concern over Shell deal
The European Commission yesterday raised competition concerns over a proposed joint venture between Royal Dutch/ Shell and RWE, the German multi-utility, in a move that may be significant for a similar deal between BP and Eon. Brussels' competition authority referred part of the joint venture - to merge RWE and Shell Germany's petrol stations - back to the German cartels office.

Wednesday August 22 2001
Buyback of own shares Shell
Shell announces that on August 21, 2001 it purchased 300,000 ordinary shares at a price of EUR 61.49 per share. The "Shell" Transport and Trading Company, p.l.c. announces that on August 21, 2001 it purchased for cancellation 1,500,000 ordinary shares at a price of 550.66 pence per share. Since the launch of the Companies' share buyback programmes on February 8, 2001 Royal Dutch Petroleum Company has repurchased a total of 33,496,352 ordinary shares leaving ordinary shares outstanding in the market of 2,110,800,000.

Friday August 17 2001
Buyback of own shares Shell
Shell announces that on August 16, 2001 it purchased 450,000 ordinary shares at a price of EUR 62.07 per share. The "Shell" Transport and Trading Company, p.l.c. announces that on August 16, 2001 it purchased for cancellation 2,100,000 ordinary shares at a price of 557.27 pence per share. Since the launch of the Companies' share buyback programmes on February 8, 2001 Royal Dutch Petroleum Company has repurchased a total of 32,743,552 ordinary shares leaving ordinary shares outstanding in the market of 2,111,552,800.

Thursday August 16 2001
Shell: Buyback of own shares
Shell announces that on August 15, 2001 it purchased 500,000 ordinary shares at a price of EUR 62.43 per share. The "Shell" Transport and Trading Company, p.l.c. announces that on August 15, 2001 it purchased for cancellation 1,750,000 ordinary shares at a price of 561.98 pence per share. Since the launch of the Companies' share buyback programmes on February 8, 2001 Royal Dutch Petroleum Company has repurchased a total of 32,293,552 ordinary shares leaving ordinary shares outstanding in the market of 2,112,002,800.

Woodside still in talks with Shell over future relationship
Woodside Petroleum, Australia's largest independent oil and gas company, reiterated on Thursday it was still in discussions with Royal Dutch/Shell, its largest shareholder, over the future of their relationship following the failure of the oil major's hostile bid for it. The Perth-based group again rebutted Australian press of Tuesday suggestions that it was close to unravelling its alliance with Shell although it admitted to continuing discussions with BHP-Billiton which it first approached as a potential 'white knight' when fighting the bid.

Wednesday August 15 2001
Buyback of own shares Shell
Shell announces that on August 14, 2001 it purchased 500,000 ordinary shares at a price of EUR 62.43 per share. The "Shell" Transport and Trading Company, p.l.c. announces that on August 14, 2001 it purchased for cancellation 2,250,000 ordinary shares at a price of 557.97 pence per share. Since the launch of the Companies' share buyback programmes on February 8, 2001 Royal Dutch Petroleum Company has repurchased a total of 31,793,552 ordinary shares leaving ordinary shares outstanding in the market of 2,112,502,800.

Tuesday August 14 2001
Shell buys own shares back
Royal Dutch Petroleum Company announces that on August 13, 2001 it purchased 450,000 ordinary shares at a price of EUR 61.78 per share. The "Shell" Transport and Trading Company, p.l.c. announces that on August 13, 2001 it purchased for cancellation 2,000,000 ordinary shares at a price of 553.52 pence per share.

Monday August 13 2001
Buyback of own shares Shell
Shell announces that on August 10, 2001 it purchased 500,000 ordinary shares at a price of EUR 61.60 per share. The "Shell" Transport and Trading Company, p.l.c. announces that on August 10, 2001 it purchased for cancellation 2,750,000 ordinary shares at a price of 551.34 pence per share. Since the launch of the Companies' share buyback programmes on February 8, 2001 Royal Dutch Petroleum Company has repurchased a total of 30,843,552 ordinary shares leaving ordinary shares outstanding in the market of 2,113,452,800.

Friday August 10 2001
Buyback of own shares Shell
Royal Dutch Petroleum Company (N.V. Koninklijke Nederlandsche Petroleum Maatschappij) announces that on August 9, 2001 it purchased 650,000 ordinary shares at a price of EUR 61.99 per share. The "Shell" Transport and Trading Company, p.l.c. announces that on August 9, 2001 it purchase4d for cancelled 2,500,000 ordinary shares at a price of 459.88 pence per share.

Thursday August 9 2001
Buyback of own shares Shell
Shell announces that on August 8, 2001 it purchased 500,000 ordinary shares at a price of EUR 63.10 per share. The "Shell" Transport and Trading Company, p.l.c. announces that on August 8, 2001 it purchased for cancellation 2,500,000 ordinary shares at a price of 553.89 pence per share. Since the launch of the Companies' share buyback programmes on February 8, 2001 Royal Dutch Petroleum Company has repurchased a total of 29,693,552 ordinary shares leaving ordinary shares outstanding in the market of 2,114,602,800.

Shell proposes floating LNG plant in Timor Sea
Shell on Thursday outlined proposals to build the world's first floating liquefied natural gas plant in a bid to progress the stalled development of oil and gas fields between Australia and East Timor. Phillips Petroleum, the US oil company, last week put on hold plans to build a pipeline from Bayu Undan - the first field being developed - to Darwin because of a dispute with East Timor on tax and fiscal conditions.

Shell joins consortium to build Russian-Chinese gas pipeline
On Friday August 3th Royal Dutch/Shell stated its intention to participate in the construction of the pipeline intended to export Russian gas to China. Implementation of the Russian-Chinese project began in accordance with an agreement between Vladimir Putin and PRC [People's Republic of China] President Jiang Zemin and, it is estimated, will cost the astronomical sum of USD 14 bn.

Wednesday August 8 2001
Buyback of own shares Shell
Shell announces that on August 7, 2001 it purchased 500,000 ordinary shares at a price of EUR 62.94 per share. The "Shell" Transport and Trading Company, p.l.c. announces that on August 7, 2001 it purchased for cancellation 2,500,000 ordinary shares at a price of 555.14 pence per share. Since the launch of the Companies' share buyback programmes on February 8, 2001 Royal Dutch Petroleum Company has repurchased a total of 29,193,552 ordinary shares leaving ordinary shares outstanding in the market of 2,115,102,800.

Tuesday August 7 2001
Dea-Shell petrol station merger must first be examined by EU
The EU competition commission plans to press ahead with its examination of the planned merger of the petrol station activities of German-based DEA and the German arm of Anglo-Dutch Shell, and that planned between the German arm of UK-based BP and Aral. The German cartel office last week informed the EU that it wished to conduct the examination of the DEA-Shell petrol station merger plan itself.

Buyback of own shares Shell
Shell announces that on August 6, 2001 it purchased 450,000 ordinary shares at a price of EUR 62.96 per share. The "Shell" Transport and Trading Company, p.l.c. announces that on August 6, 2001 it purchased for cancellation 2,250,000 ordinary shares at a price of 560.11 pence per share. Since the launch of the Companies' share buyback programmes on February 8, 2001 Royal Dutch Petroleum Company has repurchased a total of 28,593,552 ordinary shares leaving ordinary shares outstanding in the market of 2,115,602,800.

Friday August 3 2001
Shell: Buyback of own shares
Shell announces that on 2 August, 2001 it purchased 200,000 ordinary shares at a price of EUR 65.28 per share. The "Shell" Transport and Trading Company, p.l.c. announces that on 2 August, 2001 it purchased for cancellation 1,000,000 ordinary shares at a price of 576.18 pence per share. Since the launch of the Companies' share buyback programmes on 8 February, 2001 Royal Dutch Petroleum Company has repurchased a total of 27,543,552 ordinary shares leaving ordinary shares outstanding in the market of 2,116,752,800.

Thursday August 2 2001
Shell in record Q2
Growth in its liquefied natural gas business and US refining margins that are at record highs pushed Royal Dutch/Shell to its best ever Q2 profits of USD 3.6 bn, up 12% on the previous year and towards the top end of analyst forecasts. But the group indicated its production target is under threat. Earnings per share for Royal Dutch rose 21% to E1.14 (a rise of 14% in dollar terms) while Shell's EPS was 22% up at 10.1p.

Shell to boost gas volumes
Royal Dutch/Shell on Thursday emphasised its plans to boost gas volumes as it admitted its overall production growth targets were under pressure. Philip Watts, chairman of the committee of managing directors, played down a 4% decline in crude oil volumes in the second quarter, pointing out that gas production had risen 11% in the same period.

Shell misses its production target
Shell warned it could fail to meet its production targets this year despite posting record first-half profits of Dollars 7.4bn (pounds 5.2bn) on the back of surging oil prices. The Anglo-Dutch group said total hydrocarbon output rose by just 1% in the second quarter, which saw record earnings for the period of Dollars 3.5bn.

Shell posts gain in profit of 16%
Second quarter results from Royal Dutch/Shell Group show a rise in profit of 16% to USD 4.51 bn, thanks largely to increased gas production and high earnings from oil refining and marketing. However, reduced output in the quarter has led some analysts to wonder if the company will meet its growth targets should oil prices falter and the economy continue to slow.

Brazilian police accuse Shell of 'eco crime'
Shell has been accused by police in Brazil of committing an "environmental crime" by polluting the earth and underground water around a pesticide factory in the southeast of the country. The allegation is the result of a police inquiry into contamination that occurred during the 70s and 80s in Paulinia, 80 miles from Sao Paulo.

Friday July 20 2001
JV dispute deepens between Shell and Texaco
Divisions between Shell and Texaco deepened yesterday as the former hit out against the latter's plans to place the US company's stakes in joint ventures between the two companies into a government-approved trust. Texaco is seeking approval from the US Federal Trade Commission to place its stake in Equilon and Motiva - its two refining joint ventures which it has with the Anglo-Dutch oil group - into a trust.

Shell declares force majeure on Nigeria oil exports to end-Aug after fire
Shell Group declared 'force majeure' on its oil exports from Nigeria to the end of August following a fire at a major terminal. The company is losing production of around 100,000 barrels a day due to the fire and earlier technical problems, a Shell spokesman told Agence France-Presse. Shell Petroleum Development Corporation (SPDC) had already declared 'force majeure' - a legal manoeuvre excusing it from fulfilling its supply contracts -- from July 3 to August 9 on production from two terminals.

Thursday July 19 2001
Shell Chemicals, Dow Chemical abandon Australian petrochemicals project
Shell Chemicals decided to abandon its joint project with Dow Chemical Co for a petrochemical plant in the Pilbara region in Australia, Royal Dutch/Shell spokesman Reinier Treur said. Shell Chemicals' reason for abandoning the project was that "we simply could not be guaranteed a constant flow of (ethylene) feedstock" which would be required to make base chemical products at the plant, according to the spokesman.

Monday July 9 2001
Shell and RWE reach agreement
Shell will in future operate its mineral oil activities in Germany jointly with RWE-DEA, the oil division of German energy conglomerate RWE. The company agreed on Friday to set up a new venture Shell & DEA Oil GmbH. The venture will include refineries, corporate sales and mineral oil sales, including the petrol filling station business. The venture will need to win the approval of the EU competition authorities.

Friday July 6 2001
Computer giant to get pact with Shell
Royal Dutch/Shell Group looks set to confirm that it is to award a five year computer hardware contract worth some USD 100 mln to International Business Machines. IBM will supply the firm with all of the computers it needs in order to consolidate its 50 global data centers down into three "megacenters" in Houston, Kuala Lumpur and The Hague.

Monday July 2 2001
Buyback of 500,000 shares Shell
Royal Dutch Petroleum Company (N.V. Koninklijke Nederlandsche Petroleum Maatschappij) announces that on June 29, 2001 it purchased 500,000 ordinary shares at a price of EUR 66.47 per share. The "Shell" Transport and Trading Company, p.l.c. announces that on June 29, 2001 it purchased for cancellation 2,000,000 ordinary shares at a price of 578.69 pence per share.

Friday June 29 2001
Buyback of own shares Shell
Royal Dutch Petroleum Company (N.V. Koninklijke Nederlandsche Petroleum Maatschappij) announces that on June 28, 2001 it purchased 800,000 ordinary shares at a price of EUR 66.68 per share. The "Shell" Transport and Trading Company, p.l.c. announces that on June 28, 2001 it purchased for cancellation 3,000,000 ordinary shares at a price of 582.31 pence per share.

Thursday June 28 2001
Shell buyback of own shares
Royal Dutch Petroleum Company (N.V. Koninklijke Nederlandsche Petroleum Maatschappij) announces that on June 27, 2001 it purchased 400,000 ordinary shares at a price of EUR 68.92 per share. The "Shell" Transport and Trading Company, p.l.c. announces that on June 27, 2001 it purchased for cancellation 2,000,000 ordinary shares at a price of 605.25 pence per share.

Wednesday June 27 2001
Buyback of own shares Royal Dutch
Royal Dutch Petroleum Company (N.V. Koninklijke Nederlandsche Petroleum Maatschappij) announces that on June 26, 2001 it purchased 690,000 ordinary shares at a price of EUR 70.00 per share. The "Shell" Transport and Trading Company, p.l.c. announces that on June 26, 2001 it purchased for cancellation 3,150,000 ordinary shares at a price of 613.02 pence per share.

Monday June 25 2001
Buyback of own shares Shell
Royal Dutch Petroleum Company (N.V. Koninklijke Nederlandsche Petroleum Maatschappij) announces that on June 22, 2001 it purchased 800,000 ordinary shares at a price of EUR 70.29 per share. The "Shell" Transport and Trading Company, p.l.c. announces that on June 22, 2001 it purchased for cancellation 3,300,000 ordinary shares at a price of 609.28 pence per share.

Shell could have another go at Woodside
Shell Oil Company could resurface with another bid for Australian oil and gas producer, Woodside Petroleum. The Anglo-Dutch oil company, which already holds a 34% stake in Woodside, was thwarted in April 2001 by the Australian Treasurer, Peter Costello, from gaining control of the company on national interest grounds.

Friday June 22 2001
Buyback of own shares Royal Dutch
Royal Dutch Petroleum Company (N.V. Koninklijke Nederlandsche Petroleum Maatschappij) announces that on June 21, 2001 it purchased 500,000 ordinary shares at a price of EUR 70.11 per share. The "Shell" Transport and Trading Company, p.l.c. announces that on June 21, 2001 it purchased for cancellation 3,400,000 ordinary shares at a price of 616.97 pence per share.

Thursday June 21 2001
Buyback of own shares Shell
Royal Dutch Petroleum Company announces that on June 20, 2001 it purchased 360,000 ordinary shares at a price of EUR 69.96 per share. The "Shell" Transport and Trading Company, p.l.c. announces that on June 20, 2001 it purchased for cancellation 1,300,000 ordinary shares at a price of 613.59 pence per share.

Wednesday June 20 2001
Buyback of own shares Shell
Royal Dutch Petroleum Company announces that on June 19, 2001 it purchased 350,000 ordinary shares at a price of EUR 70.69 per share. The "Shell" Transport and Trading Company, p.l.c. announces that on June 19, 2001 it purchased for cancellation 950,000 ordinary shares at a price of 617.45 pence per share.

Tuesday June 19 2001
Buyback of own shares Royal Dutch
Royal Dutch Petroleum Company announces that on June 18, 2001 it purchased 500,000 ordinary shares at a price of EUR 71.31 per share. The "Shell" Transport and Trading Company, p.l.c. announces that on June 18, 2001 it purchased for cancellation 1,800,000 ordinary shares at a price of 622.81 pence per share.

Friday June 15 2001
Buyback of own shares Shell
Shell announces that on June 14, 2001 it purchased 500,000 ordinary shares at a price of EUR 72.07 per share. The "Shell" Transport and Trading Company, p.l.c. announces that on June 14, 2001 it purchased for cancellation 2,000,000 ordinary shares at a price of 630.84 pence per share. Since the launch of the Companies' share buyback programmes on February 8, 2001 Royal Dutch Petroleum Company has repurchased a total of 21,683,552 ordinary shares leaving ordinary shares outstanding in the market of 2,122,612,800.

Friday June 8 2001
Royal Dutch: Buyback of own shares
Royal Dutch Petroleum Company (N.V. Koninklijke Nederlandsche Petroleum Maatschappij) announces that on June 7, 2001 it purchased 500,000 ordinary shares at a price of EUR 71.57 per share. The "Shell" Transport and Trading Company, p.l.c. announces that on June 7, 2001 it purchased for cancellation 1,900,000 ordinary shares at a price of 629.10 pence per share.

Thursday June 7 2001
Shell: buyback of own shares
Royal Dutch Petroleum Company announces that on June 6, 2001 it purchased 500,000 ordinary shares at a price of EUR 71.80 per share. The "Shell" Transport and Trading Company, p.l.c. announces that on June 6, 2001 it purchased for cancellation 2,300,000 ordinary shares at a price of 624,45 pence per share.

Shell interested in early commissioning of Kazakh pipeline
Shell, one of shareholders of the Caspian Pipeline Consortium (CPC), is interested in seeing "the earliest possible commissioning" of the Tengiz-Novorossiysk pipeline, the chairman of the Board of Directors of the Royal Dutch/Shell Group, Phil Watts, told reporters on Thursday after a meeting with Kazakh President Nursultan Nazarbayev.

Wednesday June 6 2001
Buyback of own shares Shell
Royal Dutch Petroleum Company (N.V. Koninklijke Nederlandsche Petroleum Maatschappij) announces that on June 5, 2001 it purchased 200,000 ordinary shares at a price of EUR 72.90 per share. The "Shell" Transport and Trading Company, p.l.c. announces that on June 5, 2001 it purchased for cancellation 400,000 ordinary shares at a price of 628.47 pence per share.

Tuesday June 5 2001
Shell signs Saudi gas agreements
On Sunday June 3, 2001 in Jeddah, Saudi Arabia, Sir mark Moody-Stuart, Chairman of the Committee of Managing Directors of the Royal Dutch/Shell Group, signed two major gas project agreements, offered to international oil companies as part of the Saudi Natural Gas Initiative. Shell will lead Core Venture 3 (projects in Rub al Khali and Shaybah areas)together with Total Fina Elf and Conoco and will play a major role in Core Venture 1(South Ghawar gas development and related projects) with ExxonMobil, BP and Phillips.

Friday June 1 2001
Royal Dutch buys own shares back
Royal Dutch Petroleum Company announces that on May 31, 2001 it purchased 425,000 ordinary shares at a price of EUR 71.87 per share. The "Shell" Transport and Trading Company, p.l.c. announces that on May 31, 2001it purchased for cancellation 2,000,000 ordinary shares at a price of 620.00 pence per share.

Thursday May 31 2001
Buyback of own shares Shell
Royal Dutch Petroleum Company (N.V. Koninklijke Nederlandsche Petroleum Maatschappij) announces that on May 30, 2001 it purchased 425,000 ordinary shares at a price of EUR 71.36 per share. The "Shell" Transport and Trading Company, p.l.c. announces that on May 30, 2001 it purchased for cancellation 2,000,000 ordinary shares at a price of 617.93 pence per share.

Wednesday May 30 2001
Buyback of own shares Shell
Royal Dutch Petroleum Company (N.V. Koninklijke Nederlandsche Petroleum Maatschappij) announces that on May 29, 2001 it purchased 425,000 ordinary shares at a price of EUR 71.39 per share. The "Shell" Transport and Trading Company, p.l.c. announces that on May 29, 2001it purchased for cancellation 2,000,000 ordinary shares at a price of 620.20 pence per share.

Wednesday May 16 2001
Shell: Buyback of own shares
Royal Dutch Petroleum Company (N.V. Koninklijke Nederlandsche Petroleum Maatschappij) announces that on May 15, 2001 it purchased 500,000 ordinary shares at a price of EUR 68.06 per share. The "Shell" Transport and Trading Company, p.l.c. announces that on May 15, 2001 it purchased for cancellation 2,400,000 ordinary shares at a price of 583.70 pence per share.

Tuesday May 15 2001
Shell: buyback of own shares
Shell announces that on 14 May, 2001 it purchased 500,000 ordinary shares at a price of EUR 66.92 per share. The "Shell" Transport and Trading Company, p.l.c. announces that on 14 May, 2001 it purchased for cancellation 2,000,000 ordinary shares at a price of 576.03 pence per share. Since the launch of the Companies' share buyback programmes on 8 February, 2001 Royal Dutch Petroleum Company has repurchased a total of 17,148,552 ordinary shares leaving ordinary shares outstanding in the market of 2,127,147,800.

Thursday May 10 2001
Shell: buyback of own shares
Royal Dutch Petroleum Company (N.V. Koninklijke Nederlandsche Petroleum Maatschappij) announces that on May 9, 2001 it purchased 520,000 ordinary shares at a price of EUR 66.65 per share. The "Shell" Transport and Trading Company, p.l.c. announces that on May 9, 2001 it purchased for cancellation 2,300,000 ordinary shares at a price of 592.28 pence per share.

Wednesday May 9 2001
Shell: buyback of own shares
Royal Dutch Petroleum Company (N.V. Koninklijke Nederlandsche Petroleum Maatschappij) announces that on May 8, 2001 it purchased 450,000 ordinary shares at a price of EUR 66.14 per share. The "Shell" Transport and Trading Company, p.l.c. announces that on May 8, 2001 it purchased for cancellation 2,500,000 ordinary shares at a price of 579.51 pence per share.

Monday March 19 2001
Shell invests NLG 7 bn in natural gas in India
Shell Group will invest for over Fl 7bn in the development of natural gas supplies in the Indian state of Uttar Pradesh. Shell's `Gas and Power' division has signed a memorandum of understanding which should pave the way for the construction of pipelines for transport and distribution of natural gas for the industry, households and power plants in this densely populated part in India.

Royal Dutch buys back own shares
Royal Dutch Petroleum Company announced on Tuesday that on 19 March, 2001 it purchased 600,000 ordinary shares at a price of EUR 63.23 per share. The "Shell" Transport and Trading Company announced that on 19 March, 2001 it purchased for cancellation 3,000,000 ordinary shares at a price of 562.27 pence per share.

BP Amoco set to win Chinese LNG stake
BP Amoco has beaten competition from Royal Dutch/Shell, ExxonMobil and others for the right to take an equity stake in China's first liquefied natural gas import terminal. It is understood BP has received notification that it has won the tender from China National Offshore Oil Corporation (Cnooc). China's state council is considering the deal and, barring a reversal, approval is expected in the next few weeks.

Friday March 16 2001
Shell buys own shares back
Shell announces that on March 15, 2001 it purchased 700,000 ordinary shares at a price of EUR 63.77 per share. Te "Shell" Transport and Trading Company, p.l.c. announces that on March 15, 2001 it purchased for cancellation 4,000,000 ordinary shares at a price of 567.76 pence per share. Since the launch of the Companies' share buyback programmes on 8 February, 2001 Royal Dutch Petroleum Company has repurchased a total of 11,028,552 ordinary shares leaving ordinary shares outstanding in the market of 2,133,267,800.

Shell in no mood to quit takeover bid
On 16 March 2001 Australian mining group, BHP, confirmed that it has plans to bid for Woodside. Woodside issued a statement to the Australian Stock Exchange to say that discussions with BHP and Santos are in progress, but have not yet reached any definitive or viable proposals. Royal Dutch Shell remains confident that the Australian Government will not block its $A10bn takeover bid for Woodside.

Thursday March 15 2001
Royal Dutch buys own shares back
Royal Dutch Petroleum Company (N.V. Koninklijke Nederlandsche Petroleum Maatschappij) announces that on March 15, 2001 it purchased 700,000 ordinary shares at a price of EUR 63.77 per share. Te "Shell" Transport and Trading Company, p.l.c. announces that on March 15, 2001 it purchased for cancellation 4,000,000 ordinary shares at a price of 567.76 pence per share.

Wednesday March 14 2001
Buyback of 500,000 ordinary shares Shell
Royal Dutch Petroleum Company announces that on March 13, 2001, it purchased 500,000 ordinary shares at a price of EUR 62.77 per share. The "Shell" Transport and Trading Company, p.l.c. announces that on March 13, 2001, it purchased for cancellation 3,000,000 ordinary shares at a price of 565.18 pence per share.

Shell claim raises stakes in Woodside bid
Shell claims that the Australian economy could be undermined if its bid for Woodside Petroleum is blocked. On 14 March 2001, the multi-national petroleum company, which has launched a $A10bn takeover bid for Woodside, said that the deal poses no threat to the Australian national interest. The Australian Foreign Investment Review Board is due to announce its decision on the takeover bid in April 2001.

Tuesday March 13 2001
Buyback of 500.000 own shares at EUR 63.65 per share by Shell
Royal Dutch Petroleum Company (N.V. Koninklijke Nederlandsche Petroleum Maatschappij) announces that on March 12, 2001, it purchased 500,000 ordinary shares at a price of EUR 63.65 per share. The "Shell" Transport and Trading Company, p.l.c. announces that on March 12, 2001, it purchased for cancellation 2,500,000 ordinary shares at a price of 576.20 pence per share.

Monday March 12 2001
Shell bypasses Barrett board
Shell raised the stakes in its hostile Dollars 1.8bn ( pounds 1.2bn) bid for Barrett Resources by making a direct cash offer to shareholders. But there is increasing scepticism that the offer, described by Shell as final, will be enough. The world's second-largest oil major, awash in profits from high crude prices, is offering Dollars 55 per share to win control of choice gas assets owned by the US target.

Friday March 9 2001
Buyback of own shares by Shell
Royal Dutch Petroleum Company (N.V. Koninklijke Nederlandsche Petroleum Maatschappij) announces that on March 8, 2001, it purchased 1,100,000 ordinary shares at a price of EUR 64.53 per share. The "Shell" Transport and Trading Company, p.l.c. announces that on March 8, 2001, it purchased for cancellation 3,400,000 ordinary shares at a price of 581.57 pence per share.

Bid by Shell for Barrett has been rejected
Barrett, the US natural gas company, has rejected the takeover bid by Anglo-Dutch oil company Royal Dutch/Shell Group. Shell made a bid of USD 2.2 bn on Wednesday and demanded that Barrett said whether it would accept the bid or not before Saturday 10 March. If Barrett rejected the offer, Shell would make a hostile bid.

Thursday March 8 2001
Buyback of own shares Shell
Royal Dutch Petroleum Company announces that on March 7, 2001, it purchased 400,000 ordinary shares at a price of EUR 64.81 per share. The "Shell" Transport and Trading Company, p.l.c. announces that on March 7, 2001, it purchased for cancellation 1,500,000 ordinary shares at a price of 582.66 pence per share.

Wednesday March 7 2001
Shell announces proposal to acquire Barrett for USD 55 per share
Shell Oil Company (Houston, USA) ("Shell"), a wholly owned member of the Royal Dutch/Shell Group, on Wednesday announced that it has made a proposal to the Board of Directors of Barrett Resources Corporation to acquire all of the outstanding shares of Barrett common stock at a price of USD 55.00 per share in cash.

Tuesday March 6 2001
Shell: buyback of own shares
Shell announces that on March 5, 2001, it purchased 200,000 ordinary shares at a price of EUR 63.29 per share. The "Shell" Transport and Trading Company, p.l.c. announces that on March 5, 2001, it purchased for cancellation 1,044,529 ordinary shares at a price of 568.11 pence per share. Since the launch of the Companies' share buyback programmes on February 8, 2001 Royal Dutch Petroleum Company has repurchased a total of 6,828,552 ordinary shares leaving ordinary shares outstanding in the market of 2,137,467,800.

Shell-Apache trounces Greymounth to take Fletcher
Shares in Apache, the US oil independent, soared in New York on Tuesday as investors welcomed news of the combined NZ$4.9bn (USD 2.1 bn) acquisition of New Zealand's Fletcher Challenge's energy unit. Apache shares jumped as high as $65.00, to close up $2.36, or 3.7% at $64.80. Shareholders of Fletcher Challenge voted on Tuesday morning to sell their energy division to Apache and Royal Dutch Shell, the Anglo-Dutch energy group.

Monday March 5 2001
Shell: buyback of own shares
Shell announces that on 5 March, 2001 it purchased 200,000 ordinary shares at a price of EUR 63.29 per share. The "Shell" Transport and Trading Company, p.l.c. announces that on 2 March, 2001 it purchased for cancellation 1,044,529 ordinary shares at a price of 568.11 pence per share. Since the launch of the Companies' share buyback programmes on 8 February, 2001 Royal Dutch Petroleum Company has repurchased a total of 6,828,552 ordinary shares leaving ordinary shares outstanding in the market of 2,137,467,800.

Friday March 2 2001
Royal Dutch: buyback of own shares
Royal Dutch Petroleum Company (N.V. Koninklijke Nederlandsche Petroleum Maatschappij) announces that on March 1, 2001, it purchased 500,000 ordinary shares at a price of EUR 63.03 per share. The "Shell" Transport and Trading Company, p.l.c. announces that on March 1, 2001, it purchased for cancellation 1,750,000 ordinary shares at a price of 569.98 pence per share.

Shell reiterates will not raise offer for Fletcher Energy
Shell group and Apache Corp are not planning to raise their 3.55 usd per share bid for Fletcher Challenge Ltd's energy division, Royal Dutch/Shell spokesman Henk Bonder said, adding it is a "firm and final" offer. Earlier on Friday, Guinness Peat Group PLC and its partners in the Peak Petroleum consortium increased their offer to USD 1.8 bn or 3.85 usd per share.

Reached the maximum of 100 news messages

Hebels Financial Website believes the information herein was obtained from reliable sources but does not guarantee its accuracy. Neither the information nor any opinion expressed constitutes a solicitation of the purchase or sale of securities, derivatives or commodities. © 2002 Hebels Financial Website