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Posts Tagged ‘shell’

Shell defends deep-water oil production, as profits soar

In Uncategorized on July 30, 2010 at 3:17 am

Royal Dutch Shell posted soaring profits on Thursday and defended deep-water oil production, arguing it has an “important role” to play despite the Gulf of Mexico disaster that rocked rival BP.


The Anglo-Dutch oil giant reported a 15-percent jump in net profit to 4.39 billion dollars (3.38 billion euros) in the second quarter to June as it slashed costs and raised output.


Shell’s performance contrasts with that of BP, which on Tuesday posted a second-quarter loss of 16.9 billion dollars — the biggest-ever quarterly loss for a British company — after the devastating Gulf of Mexico oil spill.


“This is a good performance from Shell, despite today’s challenging macro-economic conditions. We are on track for growth,” Shell chief executive Peter Voser said in a statement.

Peter Voser, chief executive of Royal Dutch Shell, speaks during a press conference in London in March 2010.

Voser also offered his sympathy to all those affected by the Gulf spill — the worst environmental disaster in US history — but insisted that there remained an “important role” for deep-water oil production.


“The BP … blow-out and the related Gulf of Mexico oil spill is a tragedy for everyone affected,” Voser said.


“We were all shocked by the loss of life there, and the on-going and wide-spread impacts from the spill.”


He added: “World-wide deep water production has an important role to play in the global energy supply equation, with potential for production growth with supply diversity, and sustained investment in technology, jobs and services.


“The recent announcement of Shell’s participation in a new, one billion dollar Gulf of Mexico oil spill containment system is an example of where we are working with governments and partners to improve the industry’s capabilities,” Voser added.


BP has been mauled by Washington since the Deepwater Horizon rig exploded on April 20, killing 11 workers and unleashing millions of gallons of crude into the sea and onto the US Gulf coast.


BP chief executive Tony Hayward on Tuesday said he will step down in October, while claiming he had been “demonised and vilified” over the spill.


It has taken more than three months to stem the flow, while up to four million barrels of crude have escaped.


The catastrophe has destroyed tourism, fishing and oil industries in the five US Gulf coast states and left BP facing soaring clean-up and compensation costs.


Shell on Thursday said that its net profit, when adjusted for the value of inventories of oil and gas, soared to 4.21 billion dollars in the three months to June.


This was above expectations of 4.02 billion dollars in a Dow Jones Newswires poll of 12 analysts. Shell’s production meanwhile increased by five percent to 3.1 million barrels of oil equivalent per day.


“We are delivering on our strategy. Shell’s cost programmes have delivered over 3.5 billion dollars of annualised underlying savings,” said Voser.


“Our investments have underpinned a five percent increase in oil and gas production for the quarter.”


In London trade, Shell’s ‘A’ shares closed 0.20 percent down at 1,783.50 pence on the FTSE 100 index of leading companies, which finished 0.11 percent lower at 5,313.95 points.

Source: SGGP

Traditional revolutionary zone coming out of its shell

In Uncategorized on May 5, 2010 at 4:38 pm




Traditional revolutionary zone coming out of its shell


QĐND – Wednesday, May 05, 2010, 21:39 (GMT+7)


The northern mountainous Tuyen Quang province was a center of radical activism during Vietnam’s revolutionary struggle. Visiting the historical site now, it’s impossible not to notice the area’s strong development, with many construction projects worth hundreds of billion VND in value.

Tuyen Quang is located on the peaceful Lo River 165 kilometers northwest of Ha Noi.


The province is making all efforts to speed up its economic, cultural and social growth alongside neighboring provinces.

Tourism is one of Tuyen Quang’s strong points. Visitors are very interested in many tours to historical, cultural and ecotourism sites likely Tan Trao hamlet, Hong Thai communal house, Na Lua hut and more.

Tan Trao lies in a small valley between the mountains and jungle in Son Duong district and is roughly 200km from Hanoi.

The main places of interest are Tan Trao Communal House, Hong Thai Communal House, and a banyan tree and a hut where Ho Chi Minh lived from June to August 1945.

Tan Trao was used as a resistance base before August 1945 and was the provisional capital of the patriotic forces headed by late President Ho Chi Minh. The Communist Party of Vietnam held several important meetings there, especially in August 1945.

The wild beauty of the forest and mountains surrounding the Na Hang hydroelectric plant, including My Lam Atream, and sacred old pagodas and temples that dot the hills, attract thousands of visitors every year.

Tuyen Quang is also famous for its beautiful women with white complexions, good figures and shy smiles.

People believe that because the province was the capital of the Mac Dynasty (1527-1596), many imperial concubines produced beautiful lineages.

Tuyen Quang’s fresh air also makes for a high quality of life.

The province is also home of several ethnic groups such as Tay, Dao, Cao Lan, Mong, Thai and more.

Tuyen Quang town was recognized as a city in 2002. The city has a strong history of economic, cultural and social development but it still keeps the special cultural beauty of a traditional revolutionary zone.

Source: SGGP

Source: QDND

Traditional revolutionary zone coming out of its shell

In Uncategorized on May 5, 2010 at 8:34 am

The northern mountainous Tuyen Quang province was a center of radical activism during Vietnam’s revolutionary struggle. Visiting the historical site now, it’s impossible not to notice the area’s strong development, with many construction projects worth hundreds of billion VND in value.

Tuyen Quang town locates on the peaceful Lo River.

Tuyen Quang is located on the peaceful Lo River 165 kilometers northwest of Ha Noi.


The province is making all efforts to speed up its economic, cultural and social growth alongside neighboring provinces.

Tourism is one of Tuyen Quang’s strong points. Visitors are very interested in many tours to historical, cultural and ecotourism sites likely Tan Trao hamlet, Hong Thai communal house, Na Lua hut and more.

Tan Trao lies in a small valley between the mountains and jungle in Son Duong district and is roughly 200km from Hanoi.

The main places of interest are Tan Trao Communal House, Hong Thai Communal House, and a banyan tree and a hut where Ho Chi Minh lived from June to August 1945.

Tan Trao was used as a resistance base before August 1945 and was the provisional capital of the patriotic forces headed by late President Ho Chi Minh. The Communist Party of Vietnam held several important meetings there, especially in August 1945.

The wild beauty of the forest and mountains surrounding the Na Hang hydroelectric plant, including My Lam Atream, and sacred old pagodas and temples that dot the hills, attract thousands of visitors every year.

Tuyen Quang is also famous for its beautiful women with white complexions, good figures and shy smiles.

People believe that because the province was the capital of the Mac Dynasty (1527-1596), many imperial concubines produced beautiful lineages.

Tuyen Quang’s fresh air also makes for a high quality of life.

The province is also home of several ethnic groups such as Tay, Dao, Cao Lan, Mong, Thai and more.

Tuyen Quang town was recognized as a city in 2002. The city has a strong history of economic, cultural and social development but it still keeps the special cultural beauty of a traditional revolutionary zone.

Source: SGGP