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Posts on ‘July 31st, 2004’

JULY 2004 ROYAL DUTCH SHELL NEWS

JULY 2004 ROYAL DUTCH SHELL NEWS Thursday 1 July, 2004 Planet Ark: Shell world record wells pump gas from 2 miles deep The Daily Telegraph: Movers and shakers: “Peter Voser” The Times: BP heads for SEC clash over reserves The Times: Time to clean up oil accounting: “SHELL’s nightmare” Daily Telegraph: Shell cheer down Mexico […]

The Guardian: British watchdog catches up with US hare

The Guardian: British watchdog catches up with US hare “Shell faces the prospect of a string of civil actions from shareholders who feel duped.” Shell case is a rare example of the FSA applying American-style rapid justice – but why the transatlantic gulf in size of fines? Edmond Warner Saturday July 31, 2004 It is […]

The Guardian: See Shell

The Guardian: See Shell Ian Wylie Saturday July 31, 2004 Many students try to makes themselves more attractive to employers by gaining work experience as well as a good degree. But oil giant Shell claims to offer two programmes that go beyond the average work placement. In its Gourami Business Challenge, teams of undergraduates battle […]

New Zealand City: Fuel price hike expected says Shell

New Zealand City: Fuel price hike expected says Shell Oil company not surprised production problems in Russia can drive up world fuel prices-expected to happen here too 31 July 2004 It is no surprise to one major oil company that production problems in Russia can drive up world fuel prices. US light crude has hit […]

UK Market Regulator Earns Stripes With Shell Fine

The Wall Street Journal: UK Market Regulator Earns Stripes With Shell Fine “”The Shell case, by raising the stakes so dramatically for the FSA, is kind of another way of rattling the handcuffs.” By JACK GRONE Of DOW JONES NEWSWIRES July 30, 2004 11:07 a.m. Posted 31 July 04 LONDON — The U.K.’s Financial Services […]

Shell Transport And Trading Buys Back 2M Shares

The Wall Street Journal: Shell Transport And Trading Buys Back 2M Shares DOW JONES NEWSWIRES July 30, 2004 4:28 a.m. Posted 31 July 04 Edited Press Release LONDON — The Shell Transport and Trading Company plc said Friday that on Jul. 29, 2004 it purchased for cancellation 2,000,000 ordinary shares at a price of 398.25 […]

Shell SEC Deal Fails To Solve Governance Issues – Lawyer

The Wall Street Journal: Shell SEC Deal Fails To Solve Governance Issues – Lawyer “accuses executives and board members of numerous wrongdoings – including breach of fiduciary duty and fraud” DOW JONES NEWSWIRES July 30, 2004 5:27 a.m. Posted 31 July 04 LONDON — Royal Dutch/Shell Group’s (RD, SC) agreement to pay a fine to […]

Moody’s Cuts Deer Park Refining L-T Rating To A2

The Wall Street Journal: Moody’s Cuts Deer Park Refining L-T Rating To A2 “The long-term rating downgrade primarily reflects the impact of Moody’s downgrade in May 2004 of Deer Park’s 50% owner, Shell Oil Company” DOW JONES NEWSWIRES July 30, 2004 5:48 p.m. Posted 31 July 04 The following is a press release from Moody’s […]

Moody’s Cuts Motiva Enterprises L-T Debt To A2

The Wall Street Journal: Moody’s Cuts Motiva Enterprises L-T Debt To A2 “The long-term rating downgrade primarily reflects the impact of Moody’s downgrade in May 2004 of Motiva’s 50% owner, Shell Oil” DOW JONES NEWSWIRES July 30, 2004 4:44 p.m. Posted 31 July 04 The following is a press release from Moody’s Investors Service: New […]

Moody’s Confirms Aa1 Ratings Of Royal Dutch Shell Entities

The Wall Street Journal: Moody’s Confirms Aa1 Ratings Of Royal Dutch Shell Entities “the negative outlook reflects uncertainties”: “Another factor implicit in the negative outlook” DOW JONES NEWSWIRES Posted 31 July 04 The following is a press release from Moody’s Investors Service: New York, July 30, 2004 — Moody’s Investors Service confirmed the Aa1 long-term […]

The Guardian: A slap on the wrist for Shell

The Guardian: A slap on the wrist for Shell “Nor can it yet draw a line under the costs of the affair. That lies with the US justice department and the American courts.” Reserves fine won’t dent bottom line Friday July 30, 2004 Posted 31 July 2004 The $120m it cost Royal Dutch/ Shell to […]

The Guardian: Shell fined £84m over reserves scandal

The Guardian: Shell fined £84m over reserves scandal “Shell is facing a criminal investigation by the US department of justice, ongoing inquiries by the Dutch financial market regulator and the Euronext stock exchange as well as litigation in the US” Mark Milner Friday July 30, 2004 Posted 31 July 2004 Royal Dutch/Shell said yesterday it […]