Wednesday, April 29, 2009

Johan Cruyff Convinced Barcelona Will Score In Chelsea

The Blues may have gotten the better of their Spanish counterparts in last night’s Champions League clash but Cruyff is optimistic about his former club’s chances.

29 Apr 2009 08:08:41

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Barcelona successfully took notice of Johan Cruyff’s previous advice on how to prevent Chelsea from scoring an away goal in the first leg Champions League semi-final encounter at the Camp Nou, but the Dutch maestro failed to inspire his old team to crack the Blues’ stubborn defence.

The 0-0 scoreline in Catalunya left the English giants the happier of the two sides but Cruyff is adamant that it is not the absolute ideal result for Guus Hiddink's men.

“Chelsea got a good result from the Camp Nou, but it’s not the best one. It is perhaps a result that they were after - no more, no less,” he wrote in El Periodico immediately after the game. “But they know that 0-0 can be insufficient and they know it well. They are aware that Barca are an attacking team who have so far only fail to score in four out of the 54 official games this season.” Hiddink Hindrance Cruyff then admitted that he was not at all surprised by Hiddink’s decision to impose an ultra-defensive style of play, although he did not expect to see that throughout the 90 minutes. “He had no bigger obsession than to avoid what happened to Bayern Munich [in the quarter-finals],” Cruyff explained. “Certainly, Chelsea are a better side that the German champions but Guus knew better than anybody that if he tried to play Barca’s game, they would leave the Camp Nou in shambles, as Bayern did. “In that sense, my compatriot did not deceive anybody when he said that he would not allow what happened to Bayern to befall Chelsea. “I do have to confess, though, that I expected them to loosen up maybe after the first 20 minutes, try to initiate counterattacks, or at the very least, try to play football. But I was wrong. They continued with the strategy of frustrating Barca by interrupting the flow of the game, committing fouls and wasting time.” Refereeing Controversy Discussion then quickly turned to the referee, who has so far been criticised by the Barca camp for advocating Chelsea’s style of play. “I will not speak of the possible penalty that [Thierry] Henry should have won,” he said. “I never do and never will. But the referee last night played against Barcelona. “He harmed the spectacle of football and he punished the only team who wanted to play. His decisions played a part in Chelsea’s strategy because he allowed them to dictate the pace of the game by putting up with their time-wasting and interruptions, a tactic that does not favour Barca’s footballing philosophies at all.” Marquez & Puyol Absence The Blaugrana’s two central defensive stalwarts, Rafael Marquez and Carles Puyol will not be able to take to the field in London for the second leg due to injury and suspension respectively. And Cruyff, although confident his side can score, is worried about keeping things tight at the other end. “I believe that Barca will be able to score a goal or two at Stamford Bridge. I’m sure of it. “But I suspect that [coach Pep] Guardiola will have a bigger worry at the back because he has to replace two great footballers like Marquez and Puyol. “The Mexican is a vital player because, not only can he hold the defensive line together, he also helps initiate Barca’s attacks. Marquez, and no-one else, is the only one who can unlock the game when all the virtuosos in attack are marked out. “I expect that Chelsea will pump hundreds of balls towards Victor Valdes’ goal.”

KS Leong, Goal.com

Shell’s First-Quarter Profit Declines on Oil Price

April 29 (Bloomberg) -- Royal Dutch Shell Plc, Europe’s largest oil company, said first-quarter profit fell 62 percent as a slump in crude prices reduced earnings from exploration and production.

Net income declined to $3.49 billion, or 57 cents a share, from $9.08 billion, or $1.46, a year earlier, The Hague-based company said today in a statement. Excluding inventory changes and one-time items, earnings beat analysts’ estimates.

Shell pledged last month to pay out around $10 billion in dividends this year, even as the company funds the industry’s biggest spending program to revive production growth. Profit from refining and marketing unexpectedly rose 3.4 percent to $1.23 billion.

“Shell beat expectations because of a good trading contribution in the downstream division,” Jason Kenney, an Edinburgh-based analyst at ING Wholesale Banking, said in a telephone interview. “There is still a bit of caution for the rest of the year.”

BP Plc, Shell’s smaller rival, yesterday reported a 64 percent drop in earnings to $2.58 billion as the global recession reduced demand for energy. Eni SpA , Italy’s biggest oil company, last week said profit fell 43 percent to 1.9 billion euros ($2.5 billion).

Excluding gains or losses from holding inventories and one- time items, Shell earned $2.96 billion. The median forecast in a Bloomberg survey of 11 analysts was for earnings of $2.56 billion on this basis. It raised the first-quarter dividend by 5 percent to 42 cents a share. Revenue dropped 49 percent to $58.22 billion.

Share Performance

Shell fell 13 percent in the first quarter, compared with an 11 percent drop for BP. The shares increased 1.2 percent to 1,558 pence as of 8:03 a.m. in London.

Of the 40 analysts that cover Shell, 22 recommend buying the stock, 10 have “hold” recommendations and eight advise clients to sell the shares.

Oil and gas production dropped 3.6 percent because of reduced Nigerian output and OPEC restrictions.

Total output, including bitumen from oil sands, declined to 3.396 million barrels of oil equivalent a day from 3.522 million barrels a year earlier, That beat the 3.377 million-barrel median estimate of five analysts surveyed by Bloomberg News.

‘Security Challenges’

“Upstream oil and gas volumes were impacted by ongoing security challenges in Nigeria, OPEC quota restrictions and weakening industrial demand for natural gas,” Shell said in the statement.

The producer said earlier this year that industry costs could drop as much as 50 percent to reflect the decline in oil prices. It has already postponed investment decisions on upgrading the deepwater Mars platform in the Gulf of Mexico and developing the Pierce field in the U.K.’s North Sea.

U.S. oil futures averaged $43.31 a barrel in the quarter, 56 percent lower than a year earlier, after plunging from a record $147.27 reached in July.

Shell is betting on capital-intensive projects such as a gas-to-liquids plant in Qatar and the mining of oil sands in Canada to boost production. The company said last month it plans to invest in new fields with a capacity of about 1 million barrels of oil and gas equivalent a day. It forecasts annual production growth of 2 to 3 percent in the first few years of the next decade.

Shell’s production may fall for a seventh consecutive year, the company said March 17, even as it reached a milestone at the end of the first quarter with the first commercial shipment of liquefied natural gas from its Sakhalin-2 venture in Russia.

Swiss-born Chief Financial Officer Peter Voser will take over as chief executive officer in July, succeeding Jeroen van der Veer, who is due to retire.

To contact the reporter on this story: Fred Pals in Amsterdam at (http://www.bloomberg.com/apps/news?pid=20601087&sid=aE4KOSZzlayU&refer=home)

Carnival Ha Long 2009