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Posts from ‘January, 2004’

JANUARY 2004 ROYAL DUTCH SHELL NEWS

JANUARY 2004 ROYAL DUTCH SHELL NEWS Wednesday, January 7, 2004  Canada.com: 90 days to file Shell gas claims: “vehicle engine was damaged by a bad additive in Shell Gasoline 2 years ago”: “Shell Bronze gas contained an additive that was clogging up fuel systems” Friday, January 9, 2004  BBC News: Shell shares dive as reserves […]

Shell News Saturday 31 January, 2004

Shell News Saturday 31 January, 2004  Houston Chronicle: Tough day awaiting Shell chief

Shell News Thursday 29 January, 2004

Shell News Thursday 29 January, 2004 The Economist: This time sorry may not be enough  Houston Chronicle: Shell chairman says he won’t quit Evening Standard: Shell’s hard case  CBS MarketWatch: Law Offices Of Charles J. Piven, P.A. Announces Class Action Lawsuit Against the Royal Dutch Petroleum Company and the Shell Transport and Trading Company, PLC

Shell News Tuesday 27 January, 2004

Shell News Tuesday 27 January, 2004  The Daily Telegraph: US class action cites Shell chief The Scotsman Shell hit with US lawsuit for ‘rule breaking’ BBC News: Shell facing $1bn US lawsuit Times Online: American class action lawyers take on Shell Financial Times: US lawsuit puts more pressure on Shell chief The Guardian: Shell hit […]

Shell News Monday 26 January, 2004

Shell News Monday 26 January, 2004  Milberg Weiss Announces Class Action Lawsuit Against Royal Dutch Petroleum Company 

Shell News Sunday 25 January, 2004

Shell News Sunday 25 January, 2004  The Sunday Times: Shell needs much more than a PR offensive

Shell News Friday 23 January, 2004

Shell News Friday 23 January, 2004  Daily Mail: Rebels demand shake-up at Shell

Daily Mail: Rebels demand shake-up at Shell

By Brian O’Connor, 23 January 2004  DISSIDENT Shell investors are seeking a shake-up in the complex structure of the board and its committees. One result may be that an outside chairman is appointed when Sir Philip Watts steps down.  This would be a revolution for Shell, but big investors are in a revolutionary mood.   Though […]

Daily Mail: Rumours of Watts departure lifts Shell

By Geoff Foster 22 January 2004 RUMOURS were rife that Sir Philip Watts might make a sudden departure. The chairman of Shell has never been everyone’s cup of tea. He further blotted his copybook by failing to turn up to answer analysts’ and investors’ questions about the oil giant’s shock admission that it has cut […]

Reuters: Shell boss drops out of Davos economic forum

Thu 22 January, 2004 10:29 DAVOS, Switzerland (Reuters) – Royal Dutch/Shell boss Phil Watts, facing shareholder wrath after the company’s downgrade of its oil and gas reserves, has cancelled an appearance at the World Economic Forum. “He’s not coming,” said a Shell spokesman in the Swiss ski resort of Davos on Thursday. “You will understand […]

New York Times: Shell Lowers Estimate, and Investors Ask Why

By HEATHER TIMMONS January 22, 2004 LONDON, Jan. 21 – Shell’s surprise cut in its reserve estimate this month may be a sign that the uniquely structured company needs to reconfigure itself, some investors and analysts are saying. Attention has been focused on Sir Philip B. Watts, who led the unit in question before becoming […]

Shell News Thursday 22 January, 2004

Shell News Thursday 22 January, 2004  New York Times: Shell Lowers Estimate, and Investors Ask Why Reuters: Shell boss drops out of Davos economic forum Daily Mail: Rumours of Watts departure lifts Shell

Shell News Tuesday 20 January, 2004

Shell News Tuesday 20 January, 2004  Houston Chronicle: Shell’s strategy led firm into decline, brokers say Houston Chronicle: Chairman defends action on reserves Financial Times: Shell shocked as reject field strikes it rich The Times: Red faces at Shell as Cairn hits black gold The Guardian: Cairn strikes it rich on land Shell sold London […]

Shell News Monday 19 January, 2004

Shell News Monday 19 January, 2004  The Daily Telegraph: Shell shareholders demand change after bombshell  Financial Times: Shell suffers another blow to its pride London Evening Standard:  Cairn oil find blow for Shell boss

Shell News Sunday 18 January, 2004

Shell News Sunday 18 January, 2004  The Sunday Telegraph: Shell investors reject Watts’ explanation The Sunday Telegraph: When will Watts come out of his shell? The Observer: Shareholders want to know where Shell’s reserves went The Observer: First get rid of Watts, say Shell investors  

Shell News Saturday 17 January, 2004

Shell News Saturday 17 January, 2004  Financial Times: Shell chief explains absence   Calgary Herald: Shell’s pain is ASC’s gain

Shell News Friday 16 January, 2004

Shell News Friday 16 January, 2004  Evening Standard: The malaise afflicting Shell Daily Telegraph: Investors in Shell seek shake-up of structure

Shell News Thursday 15 January, 2004

Shell News Thursday 15 January, 2004  The Economist: Shell shock

Shell News Wednesday 14 January, 2004

Shell News Wednesday 14 January, 2004  Financial Times: Shell board set to back chairman   Financial Times: Shell’s man who wasn’t there

Shell News Tuesday 13 January, 2004

Shell News Tuesday 13 January, 2004  The Independent: Philip Watts to quit early as chairman of Shell Daily Mail: Shell hopes to calm troubled waters   Houston Chronicle: Feds’ stance spurs Shell’s decision on reserves 

Shell News Monday, January 12, 2004

Monday, January 12, 2004 The Australian: Shell chief faces the axe Daily Mail: Heat is on Watts after Shell shock The West Australian: Investors howl for Shell’s blood   London Evening Standard: Shell pledges faith in Gorgon The Times: Investors demand changes at Shell The Guardian: Shell debacle leads to call for outside audits Sydney […]

Shell News Archive Sunday, January 11, 2004

Shell News Archive Sunday, January 11, 2004  The Sunday Times: Ultimatum for Shell chief after oil reserves bombshell The Sunday Times: Shareholders can no longer be sure of Shell The Sunday Times: A broken Shell The Observer: Pressure grows on Shell chairman to quit FT.Com: Shell reserves shock analysts

Bad news day for Shell: 10 Jan 2004

Devastatingly bad news day for Shell 10 Jan 2004. The Times: How Shell blew a hole in a 100-year reputation The Times (LONDON): Shell shock for investor confidence Daily Telegraph: Shell drops ‘bombshell’ on reserves Daily Telegraph: All Shell proves is that others do it so much better THE SCOTSMAN: Market stumbles on Shell reserves […]

Shell News Archive Friday, January 9, 2004

Shell News Archive Friday, January 9, 2004  BBC News: Shell shares dive as reserves cut   FT: Shell makes shock cut in oil reserves estimate   REUTERS BOND NEWS UPDATE: Moody’s, S&P say may cut Shell ratings read more

CANADIAN PRESS (NATIONAL POST) Royal Dutch/Shell scales back proved reserves; Canadian estimates unaffected

January 9, 2004 LONDON (AP) – The Royal Dutch/Shell Group is downgrading one-fifth of its proved oil and natural gas reserves after reassessing the prospects of some of its projects. Shell said Friday it was recategorizing 3.9 billion barrels of oil equivalent from proved reserves to “scope for recovery.” None of Shell’s Canadian reserves were […]

BBC NEWS: Shell shares dive as reserves cut

Published: 2004/01/09 09:44:30 GMT Giant oil group Royal Dutch Shell has said it is trimming its figures for proven oil and gas reserves by 20%.   Stunned investors promptly began a sell-off that knocked more than 7% off the Anglo-Dutch firm’s share price in both London and Amsterdam.   Shell said it does not expect […]

REUTERS BOND NEWS UPDATE – Moody’s, S&P say may cut Shell ratings

Fri January 9, 2004 04:11 PM ET   NEW YORK, Jan 9 (Reuters) – Moody’s Investors Service and Standard & Poor’s on Friday said they may cut the top ratings for Royal Dutch/Shell Group (RD.AS: Quote, Profile, Research) (SHEL.L: Quote, Profile, Research) , after Shell on Friday cut by 20 percent its estimates of how […]

FT: Shell makes shock cut in oil reserves estimate

By Joanna Chung and Gordon Smith Published: January 9 2004 9:48   Royal Dutch/Shell, one of the world’s largest and most respected oil companies, shocked shareholders and rivals on Friday by slashing estimates of its proved reserves by 20 per cent.   The revelation that almost 4bn barrels of oil and gas would have to […]

Shell News Archive Wednesday, January 7, 2004

Shell News Archive Wednesday, January 7, 2004  Canada.com: 90 days to file Shell gas claims: “vehicle engine was damaged by a bad additive in Shell Gasoline 2 years ago”: “Shell Bronze gas contained an additive that was clogging up fuel systems”

Canada.com: 90 days to file Shell gas claims

Tony Tighe Global TV January 7, 2004 Anyone who’s vehicle engine was damaged by a bad additive in Shell Gasoline 2 years ago, has until May 7th to apply for compensation. In 2001 and 2002, Shell Bronze gas contained an additive that was clogging up fuel systems in some newer model vehicles. Hundreds of drivers […]