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October 15th, 2004:

Shell signs North America LNG deal

Oct 15th, 2004
by John Donovan.
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Financial Times: Shell signs North America LNG deal

By James Boxell

Published: October 15 2004

Royal Dutch/Shell has signed a deal to supply 37m tonnes of liquefied natural gas to Mexico and the US west coast, in what it claims will be the first export of Russian gas to North America. The gas, which will be supplied over a 20-year period, will come from Shell’s huge Sakhalin 2 project in Russia’s far east. As part of the deal, Shell is buying 50 per cent of the capacity of a Mexican LNG plant, which will be used to convert the liquid back into gas for distribution in Mexico and California. read more

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Perils that lie in risk management

Oct 15th, 2004
by John Donovan.
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London Evening Standard: Perils that lie in risk management

“…it is less than 10 years since Shell was vilified for its environmentally sensible proposal to sink the Brent Spar oil platform in the Atlantic, and thereby introduced the world to reputational risk.”: “Regulators, auditors, ratings agencies and even businessmen speak of little else these days. A whole new science has grown up to meet the need.”

Anthony Hilton,

15 October 2004

IT hardly bears thinking about but it is still less than 10 years since Nick Leeson brought down Barings bank and introduced the world to the concept of operational risk.

Similarly, it is less than 10 years since Shell was vilified for its environmentally sensible proposal to sink the Brent Spar oil platform in the Atlantic, and thereby introduced the world to reputational risk. In that age of innocence, no one talked about risk control.

Regulators, auditors, ratings agencies and even businessmen speak of little else these days. A whole new science has grown up to meet the need. 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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