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June 8th, 2004:

The Miami Herald: Miami drivers sue Shell, refiner over high-sulfur gas

The Miami Herald: Miami drivers sue Shell, refiner over high-sulfur gas

CATHERINE WILSON

Associated Press

Posted on Tue, Jun. 08, 2004

MIAMI – Motorists with broken gas gauges will seek more than $100 million in damages from Shell and its refiner Motiva Enterprises for repairs, insurance claims and lost time blamed on high-sulfur gasoline pumped in May, an attorney said Tuesday after filing suit.

The Florida Circuit Court suit estimates 1 million vehicle owners pumped defective gas supplied by the Shell-owned refinery before Shell and Texaco shut down about 400 stations just before the Memorial Day holiday weekend. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

The Guardian: Break out the bicycles

The Guardian: Break out the bicycles

George Monbiot

Tuesday June 8, 2004

Oil is running out, but the west would rather wage wars than consider other energy sources

Some people have wacky ideas,” the new Republican campaign ad alleges. “Like taxing gasoline more so people drive less. That’s John Kerry.” Cut to a shot of men in suits riding bicycles.

Sadly, the accusation is false. Kerry has been demanding that the price of oil be held down. He wants George Bush to release supplies from the strategic reserve and persuade Saudi Arabia to increase production. He has been warning the American people that if the president doesn’t act soon, he and Dick Cheney will have to share a car to work. Men riding bicycles and sharing cars? Is there no end to this madness? read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Norway Offers Licenses On Shelf In 18th Round

The Wall Street Journal: Norway Offers Licenses On Shelf In 18th Round

DOW JONES NEWSWIRES

June 8, 2004 4:17 a.m.

Edited Press Release

STOCKHOLM — Norway’s Ministry of Petroleum and Energy Tuesday said it has offered participation in production licenses and operatorships in the North Sea and Norwegian Sea in the 18th licensing round.

“This licensing round is comprehensive both in the North Sea and the Norwegian Sea, and includes frontier acreage with a high potential in addition to more explored areas with lower risks. There is also an interesting mix of large established companies and smaller, relatively new actors,” said Einar Steensnaes, minister of Petroleum and Energy. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Shell To Exit Brazil’s Fuel Distribution Market – Report

The Wall Street Journal: Shell To Exit Brazil’s Fuel Distribution Market – Report

DOW JONES NEWSWIRES

June 7, 2004 9:27 a.m.

Posted 8 June 04

RIO DE JANEIRO — Royal Dutch/Shell Group (RD) is planning to exit Brazil’s fuel distribution market, local daily O Globo said Sunday.

The report said Shell could sell its 2,000 service stations in Brazil to Petroleo Brasileiro SA (PBR), Brazil’s federally-owned oil group.

A Royal Dutch Shell spokesman said there are no such negotiations.

Last week, Jornal do Brasil, another local daily, said Shell was reviewing its portfolio in Brazil and that it would cut investments in 2004. Quoting Shell ‘s Brazilian exploration and production VP John Haney, the report said results from recent E&P investments in Brazil have been below expectations, and the company would focus on its operations in Nigeria and the Gulf of Mexico. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Need to Know: Global Business Briefing

The Times: Need to Know: Global Business Briefing

EDITED BY NEELAM VERJEE AND SIENA GOLD

June 08, 2004

*Shares in Cairn Energy hit a record high after the Edinburgh oil and gas company confirmed it had found oil in India at a property that it had bought from Shell, the oil company, two years ago.

*Energy groups including BG Group, Royal Dutch/Shell, and ChevronTexaco, will learn today if they have been successful in Norway’s eighteenth licensing round for offshore oil and gas licences

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Daily Telegraph: City comment: ‘the invisible man from Shell’

Daily Telegraph: City comment: ‘the invisible man from Shell’

Edited by Andrew Cave, Associate City Editor (Filed: 08/06/2004)

Barclays may love its branches but pruning costs is the only answer: Barclays managers given an upgrade

Barclays had trouble giving money away when it offered a free fiver to anyone in Croydon who cared to claim it. Now Britain’s third largest bank seems to be finding it even harder to sell the stuff. UK banking boss Roger Davis concludes that people don’t trust banks. Surveillance by Lloyds TSB produced even more unsurprising findings. Folk don’t like queueing at branches either. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Company chiefs’ pay rises by 20%

The Independent: Company chiefs’ pay rises by 20%

By Katherine Griffiths Banking Correspondent

08 June 2004

The average value of the pay and pension deal of the heads of Britain’s 100 largest companies rose last year by 20 per cent to £2.1m, in a year when the average wage increased by just 4.3 per cent.

The Independent’s annual study of executive pay shows that in many cases senior members of UK boardrooms have seen their pay rocket while shareholders have seen returns dwindle. The findings underline the growing concern about the level of executive pay. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Fatter rewards for directors but thin returns for investors

The Independent: Fatter rewards for directors but thin returns for investors

By Katherine Griffiths

08 June 2004

The Independent publishes its annual survey today measuring the boardroom pay and performance of Britain’s largest 100 companies

Rolf Stahel, the former chief executive of Shire Pharmaceuticals, emerges as the executive with the biggest remuneration relative to the company’s returns to shareholders.

A number of other executives who were found to be poor value for investors in the survey last year have also reappeared in the top 10 this year. They include Sir Christopher Gent, the former chief executive of Vodafone, Jean-Pierre Garnier at GlaxoSmithKline, Lord Browne at BP and Shell’s ousted chairman Sir Philip Watts. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

The Guardian: Quest for energy is race against time

The Guardian: Quest for energy is race against time

Monday June 7, 2004

Posted 8 June 04

New forms of energy need to be developed quickly or else the world faces a cataclysmic economic and environmental future writes Jeremy Leggett

There are two reasons why society has to get out of oil, and at first sight, they seem contradictory. Firstly, oil is running out. Secondly, we cannot afford to burn it all.

Oil is running out because it is a finite resource. Optimists, like the US Department of Energy and the oil companies, estimate that around 2,600bn barrels are left in known deposits and predictable future discoveries. Pessimists, like the Association for the Study of Peak Oil and Gas, reckon on more like 1,000bn barrels. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.
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