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Posts from ‘December, 2004’

DECEMBER 2004 ROYAL DUTCH SHELL NEWS

Dec 31st, 2004
by John Donovan.
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DECEMBER 2004 ROYAL DUTCH SHELL NEWS

Wednesday 1 December, 2004

Daily Telegraph: Prime Yukos oil field in line for Russian gas bid: “Russia’s massive gas monopoly Gazprom will bid for the prime Siberian oil field of troubled Yukos when a government-ordered fire sale takes place later this month…”: “Other potential bidders are said to include German power supplier E.On, China’s largest oil producer the China National Petroleum Corporation and Anglo-Dutch company Royal Dutch/Shell.” (ShellNews.net) 1 Dec 04 read more

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

Shell News Archive Friday, 31 December 2004

Dec 31st, 2004
by John Donovan.
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Shell News Archive Friday, 31 December 2004

The Guardian (UK): Shell hits self-destruct button: “Shell will start the new year with a mountain to climb to re-establish its reputation after the most traumatic period in its 100-year history, with its chairman and two directors axed, legal action against it and condemnation by regulators.”: “An internal inquiry later came up with astonishing evidence that Sir Philip and Mr Van de Vijver were at war for years over the reserves issue. “I’m sick and tired about lying” said Mr Van de Vijver in one email.” (ShellNews.net) 31 Dec 04 read more

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

Shell News Archive Thursday, 30 December 2004

Dec 30th, 2004
by John Donovan.
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Shell News Archive Thursday, 30 December 2004

FINANCIAL TIMES: London’s winners and sinners of 2004: “And now the brickbats, where one company stands head and shoulders above the rest: Royal Dutch/Shell. Its oil reserving scandal revealed lying, duplicity, vicious infighting, smugness and incompetence at the very top of the company. Its initially complacent response – dismissing the affair as due to human failings, not structural deficiencies – revealed the depths of its cultural and governance malaise. As the year ends, the company appears to be getting to grips with the degree of change needed. But to it goes the Lombard reflecting glass trophy, the better to see itself.” (ShellNews.net) 30 Dec 04 read more

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

Shell News Archive Wednesday, 29 December 2004

Dec 29th, 2004
by John Donovan.
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Shell News Archive Wednesday, 29 December 2004

The Globe&Mail (Canada): Nigerian militants free Shell subcontract worker: “A Croatian subcontractor for oil giant Royal Dutch/Shell Group who was taken hostage by militants in Nigeria’s turbulent oil producing delta was handed over alive yesterday, a government official said.” (ShellNews.net) 28 Dec 04

THE LONDON TIMES: Need to Know: 2004 in review: “Sir Philip Watts, the former chairman of Royal Dutch/Shell, led a string of departures from the Anglo-Dutch oil giant in the wake of news that it had misclassified some 25 per cent of its oil reserves” (ShellNews.net) 29 Dec 04 read more

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

Shell News Archive Tuesday, 28 December 2004

Dec 28th, 2004
by John Donovan.
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Shell News Archive Tuesday, 28 December 2004

Financial Times: Shell to pore over oil reserves audit: “Shell was forced to cut its level of proved reserves by 23 per cent this year, which led to the departure of its three top executives, class action lawsuits and investigations by US and UK regulators. The scandal also led to speculation that Shell was a possible takeover target for rivals such as Total of France.”: “Mr Brinded revealed in October that more cuts would be needed an admission that overshadowed the historic merger of Shell’s Dutch and British holding companies. He said 8bn of its 14.35bn barrels of oil and gas reserves had been rechecked and that 900m barrels could be cut from the total. The company has spent the rest of the year re-examining the remaining 6.35bn barrels and warned thatfurther revisions might be made.” (ShellNews.net) 28 Dec 04 read more

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

Shell News Archive Monday, 27 December 2004

Dec 27th, 2004
by John Donovan.
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Shell News Archive Monday, 27 December 2004

Financial Times: Softly, softly on EU convergence, says lawyer: “Scandals such as those at Parmalat, the Italian dairy company that collapsed under €14bn ($19bn) of debt, Ahold, the Dutch retailer, and Royal Dutch/Shell’s reserves debacle have given reforms fresh impetus.” (ShellNews.net) 27 Dec 04

Daily Telegraph (UK): Shell taps reserves of humour: “Jeroen van der Veer, Shell chief executive, gave a speech to staff gathered in the canteen for the Christmas lunch on Wednesday: “Enjoy Christmas and take the time to rest and build your reserves in the coming year because Shell will certainly need them.” (ShellNews.net 27 Dec 04 read more

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

Shell News Archive Sunday (BOXING DAY), 26 December 2004

Dec 26th, 2004
by John Donovan.
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Shell News Archive Sunday (BOXING DAY), 26 December 2004

The Sunday Observer (UK): What will flow after big oil? Shares disappointed this year and the City expects 2005 to be volatile, says Richard Wachman: “Shell, mired in controversy since it admitted that it had been overstating its reserves, could become a turnaround story if management measures up” (ShellNews.net) 26 Dec 04

THE SUNDAY TIMES (UK): Inside the City: Dominic O’Connell: Retailers expect blue Christmas: “Royal Dutch/Shell (445p), which is likely to become the second-ranked company in the FTSE 100 when it lists as a single entity in London early next year, should enjoy a fillip from its continuing restructuring, but has dropped too many clangers to inspire confidence.” (ShellNews.net) 26 Dec 04 read more

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

Shell News Archive Saturday 25 December 2004

Dec 25th, 2004
by John Donovan.
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Shell News Archive Saturday 25 December 2004

ThisDayOnline.com (Nigeria): Shell Undergoes Major Re-organisation To expand gas supply to NLNG: “Oil giant, Shell Petroleum Development Company (SPDC) has commenced the long-awaited re-organisation, from which the company said, would emerge a new structure from January 1, 2005.” (ShellNews.net) 25 Dec 04

THE NEW YORK TIMES: The Strange Yukos Sale: “Nobody argues that Yukos, a product of the piratical privatizations of the early 1990’s, is an innocent victim. Russia certainly can choose to nationalize the industry. But reversing a piratical privatization through a piratical nationalization only confirms that doing business in Russia remains highly risky.” (ShellNews.net) 25 Dec 04 read more

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

Shell New Archive Friday 24 December, 2004

Dec 24th, 2004
by John Donovan.
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Shell New Archive Friday 24 December, 2004

ShellNews.net: LETTER TO THE UK DAILY TELEGRAPH: SHELL TRANSPORT – AN ILL-FATED PREDICTION: “It is interesting as we approach the end of 2004 to review predictions made at the beginning of the year. “: “One of your experts, Andrew Jones, investment director of The David Aaron Partnership chose Shell Transport as his “Top Share”. Of course he did not know that just a few days later news would erupt about a corporate scandal of such magnitude that Shell Transport is now in its death throes and likely to be put out of its misery at its next (and almost certainly final) AGM.”: “Which unfortunate “rising star” is Andrew tipping for 2005?“:  24 Dec 04 read more

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

Shell News Archive Thursday 23 December, 2004

Dec 23rd, 2004
by John Donovan.
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Shell News Archive Thursday 23 December, 2004

Daily Telegraph (UK): City Briefs: Shell move: “Shell yesterday declared that force majeure was in effect on 114,000 barrels a day of Nigerian light crude…” (ShellNews.net) 23 Dec 04

turkishpress.com: Shell and Chevron suspend oil exports of 134,000 bpd from Nigeria: “A Shell spokesman said that the company had declared a “force majeure” to warn clients that it would not be able to meet export contracts from its Bonny terminal” (ShellNews.net) 23 Dec 04 read more

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

Shell News Archive Wednesday 22 December 2004

Dec 22nd, 2004
by John Donovan.
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Shell News Archive Wednesday 22 December 2004

THE GLOBE&MAIL (CANADA): Repairs cut Athabasca oil sands output: “Yesterday, Shell Canada Ltd. and Western Oil Sands Inc., both of Calgary and two of the Athabasca project partners, said one of two RHC trains at the upgrader was moving back toward full production when the tubing leak was detected.” (ShellNews.net) 22 Dec 04

BERNAMA (Malaysia): Shell Malaysia Invests Rm70 Mln Over Past Four Decades: “Shell Malaysia, the country’s largest direct foreign investor, has invested about RM70 billion over the past four decades, according to the “Shell Malaysia Sustainable Development Report 2003.” (ShellNews.net) 22 Dec 04 read more

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

Shell News Archive Tuesday 21 December, 2004

Dec 21st, 2004
by John Donovan.
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Shell News Archive Tuesday 21 December, 2004

THE NEW YORK TIMES: Yukos Auction Deepens Doubts of Investors: “MOSCOW: It took less than six minutes on Sunday to drive Russia back in time.”: “After successfully luring billions of dollars from foreign investors who believed that capitalism was finally making strides in Russia, Moscow switched directions on Sunday with a snap auction to dismantle the oil giant Yukos that set off criticism both at home and abroad.”: “Stanislav A. Belkovsky, president of the National Security Institute in Moscow, said on Monday that it was “just a deal for the redistribution of property by a criminal group with a mission to get control over the basic financial flows of the country, just as in the 1990’s.”: “As for President Vladimir V. Putin, Mr. Belkovsky added, “We should view him this way: as the chief of this criminal group.” (ShellNews.net) 21 Dec 04 read more

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

Shell News Monday 20 December, 2004

Dec 20th, 2004
by John Donovan.
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Shell News Monday 20 December, 2004

Financial Times: Oil in the workings of high finance: “BP, Total and Shell now have trading teams that rival the biggest banks in terms of trader numbers, an ingrained entrepreneurial culture – which causes worries about risk at the credit rating agencies – and highly advanced IT systems. Shell employs 240 oil traders, while BP and Total’s teams are bigger still”: “A very big global oil company is in the physical market all the time and there is an enormous information flow coming out of the business on a physical level on a daily basis. This gives the oil trading divisions an in-built advantage over the market, and they use it.” (ShellNews.net) 20 Dec 04 read more

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

Shell News Archive Sunday 19 December, 2004

Dec 19th, 2004
by John Donovan.
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Shell News Archive Sunday 19 December, 2004

THE SUNDAY TIMES (UK): Quote of the Week: ‘Perhaps some of you have even started taking French lessons’: Jeroen van der Veer, chief executive of Royal Dutch/Shell, refers to rumours of a takeover bid…” (ShellNews.net) 19 Dec 04

THE SUNDAY HERALD (SCOTLAND): Scandal Monger: Blood on the Boardroom Floor: “In a private speech helpfully revealed by the Financial Times the other day, Jeroen Van der Veer, the chief executive of the company, admitted…”: “He also admitted that middle managers had lost faith in the leadership – it was clearly a speech not meant for public consumption when you hear confessions like that.”: “But it is clearly an accurate description of the state of play at Shell. Instead of the shadow left over the company being driven away by the bold moves to change the company’s overwieldy twin board structure, the spectre still very much remains. How much it must have hurt when Brinded had to announce in October that more cuts would be needed.” (ShellNews.net) 19 Dec 04 read more

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

Shell News Archive Saturday 18 December, 2004

Dec 18th, 2004
by John Donovan.
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Shell News Archive Saturday 18 December, 2004

PRNewswire: STARZ Buying Club Celebrates First Anniversary; Shell-Branded Retail Outlets Enjoy Savings and Efficiencies From Program (ShellNews.net) Posted 18 Dec 04

TMCnet.com: ESRI Reaches Groundbreaking Agreement with Shell (ShellNews.net) Posted 18 Dec 04

The Independent (UK): Cairn shares crash after setback in Rajasthan: “Cairn has enjoyed a meteoric rise since it acquired the Rajasthan exploration rights from Shell for just pounds 7.5m two years ago.” (ShellNews.net) 18 Dec 04 read more

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

Shell News Archive Friday 17 December, 2004

Dec 17th, 2004
by John Donovan.
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Shell News Archive Friday 17 December, 2004

THE WALL STREET JOURNAL: Bid for WMC May Be Canberra’s Next Headache: “Like the takeover battle in 2001 between Shell and Woodside Petroleum Ltd., the latest bid contains myriad potential pitfalls for Mr. Costello and the government. Woodside operates the multibillion-dollar North West Shelf gas project, and Shell is both a partner in the project and Woodside’s single biggest shareholder.” (ShellNews.net) 17 Dec 04

MediaWeek.co.uk: Shell to overhaul global media setup: “Energy giant Shell has revealed it will review its £100m global media account in 2005, with a view to consolidating the entire business into one advertising network.” (ShellNews.net) 17 Dec 04 read more

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.
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