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Posts from ‘December, 2004’

DECEMBER 2004 ROYAL DUTCH SHELL NEWS

Shell News Archive Friday, 31 December 2004

Shell News Archive Thursday, 30 December 2004

Shell News Archive Wednesday, 29 December 2004

Shell News Archive Tuesday, 28 December 2004

Shell News Archive Monday, 27 December 2004

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

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

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Shell News Archive Saturday 25 December 2004

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

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Shell New Archive Friday 24 December, 2004

Shell News Archive Thursday 23 December, 2004

Shell News Archive Wednesday 22 December 2004

Shell News Archive Tuesday 21 December, 2004

Shell News Monday 20 December, 2004

Shell News Archive Sunday 19 December, 2004

Shell News Archive Saturday 18 December, 2004

Shell News Archive Friday 17 December, 2004

Shell News Archive Thursday 16 December, 2004

Shell News Archive Wednesday 15 December, 2004

Shell News Archive Wednesday 15 December, 2004

Financial Times: ChevronTexaco raises its oil planning price to $20-$30: “Royal Dutch/Shell was the first of the super-majors to break ranks on the planning price, because of extreme pressure to rebuild its reserves.” (ShellNews.net) 15 Dec 04

Financial Times: Secret and unreliable world of oil statistics: “It also does not bode well for the longer-term issue facing the industry – the extent of oil and gas reserves.”: “The Royal Dutch/Shell Group debacle, where the oil producer wiped 23 per cent off its oil reserves this year, highlighted the loose interpretation of rules governing energy reserves.” (ShellNews.net) 15 Dec 04

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Shell News Archive Tuesday 14 December, 2004

Shell News Archive Tuesday 14 December, 2004

THE WALL STREET JOURNAL: Shell To Launch New Cracker, Petchem Projs In Singapore: “Royal Dutch/Shell Group (RD) said Tuesday it is going ahead with its planned new ethylene cracker and petrochemical derivatives projects on Bukom Island, Singapore.” (ShellNews.net) Posted 14 Dec 04

THE NEW YORK TIMES: Royal Dutch/Shell to Modify Facilities: “Oil giant Royal Dutch/Shell Group of Cos. will add ethylene cracker and petrochemical derivatives plants at its refining facilities in Singapore, it said Tuesday” (ShellNews.net) 14 Dec 04

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Shell News Archive Monday 13 December, 2004

Shell News Archive Monday 13 December, 2004

Business World: Tullow joint bid for N Sea gas fields? “Tullow Oil is a joint bidder with a US energy firm, according to a weekend report, for 316m euro of North Sea oil assets being sold by Shell and Exxon.” (ShellNews.net) 13 Dec 04

Business Wire: PIW Ranks World’s 50 Top Performing Oil Companies in Latest Annual Standings: “Shell is in a tie for fifth place with BP, due partly to its huge reserves downgrade” (ShellNews.net) 13 Dec 04

Daily Telegraph (UK): City briefs: Aramco leads: “Petroleum Intelligence Weekly has produced a ranking of the world’s top 50 oil companies…” (ShellNews.net) 13 Dec 04

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Shell News Archive Sunday 12 December, 2004

Shell News Archive Sunday 12 December, 2004

THE NEW YORK TIMES: Fuel Cells in the Deep Freeze: “G.M. is also teaming up with Shell Hydrogen to place four refueling “service hubs” around the country, plus a fifth that would be mounted on a mobile platform. A $2 million Shell station is already open and dispensing hydrogen in Washington.” (ShellNews.net) 12 Dec 04

THE NEW YORK TIMES: China’s Splurge on Resources May Not Be a Sign of Strength: “The reason for Chinese anxiety, particularly in energy markets, is that big Western companies are already well established in the richest oil regions and can outdo China’s producers financially. China also sees the American military presence in places like Iraq, Afghanistan and Uzbekistan as part of a drive to control Central Asia’s rich oil reserves. “ (ShellNews.net) 12 Dec 04

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Shell News Archive Saturday 11 December, 2004

Shell News Archive Saturday 11 December, 2004

Financial Times: Chinese oil: “China’s three oil majors have a mandate from Beijing to go forth and spend. They also have the cash. The three – CNOOC, PetroChina and Sinopec – have a combined market capitalisation of about $150bn”: “Potential targets include Royal Dutch/Shell’s 34 per cent stake in Australia’s Woodside Petroleum (ShellNews.net) 11 Dec 04

The Guardian (UK): Is all well with Shell?: Interview Lord Oxburgh, chairman of Shell Transport and Trading: “He accepts that Shell has been through some nasty self-imposed scrapes but also feels that it has been misrepresented by the media and others in the outside world. So much so, he says, that he also began to believe some of the more negative images of the company.” (ShellNews.net) 11 Dec 04

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Shell News Archive Friday 10 December, 2004

Shell News Archive Friday 10 December, 2004

Yahoo!/DOW JONES NEWSWIRES: Shell-Bechtel’s InterGen Sale Gets 6 Bids So Far-Sources: “Over the course of this year, Shell was forced to report that it had overestimated its proven oil reserves by 20%. The company is selling non-core assets like InterGen in order to focus on exploration and production to increase its base of proven reserves.” (ShellNews.net) 10 Dec 04

csnews.com (Convenience Store News): Jury Rules For Massachusetts Franchisees in Shell Trial: “A federal jury awarded more than $3 million to eight Massachusetts gas station operators after finding Shell Oil Co. used unreasonable tactics that were effectively intended to drive them out of business”: “The jury voted yes to the question of whether Shell ”in bad faith” set wholesale gasoline prices ”that were not commercially reasonable,” court documents said.” (ShellNews.net) Posted 10 Dec 04

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Shell News Archive Thursday 9 December, 2004

Shell News Archive Wednesday 8 December, 2004

Shell News Archive Wednesday 8 December, 2004

Western People (Ireland): Corrib group warns Shell of new battle: “After eight long years, one of the most hotly-debated planning cases in Irish history reached its conclusion last month when Shell Ireland Ltd finally go the go-ahead to develop a E500m gas terminal at Bellanaboy, on the North Mayo coastline”: “Although the news seemed to go in favour of Shell Ireland this time, the Western People has learned that the battle is far from over.” (ShellNews.net) 8 Dec 04

AFX Europe (Focus): Shell Canada announces large natural gas find in Alberta: “Royal Dutch/Shell unit Shell Canada announced the discovery of a large natural gas field in Alberta province, western Canada.” (ShellNews.net) 8 Dec 04

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Shell News Archive Tuesday 7 December, 2004

Shell News Archive Tuesday 7 December, 2004

Yahoo! News: Shell to invest millions to open foreign petrol stations in India: “Vikram Singh Mehta, Chairman of the Shell Group of Companies in India, said the firm plans to open 2,000 outlets selling gasoline and diesel under the Shell brand name”: “Mehta said Shell was the largest foreign investor in India, with a stake so far of 850 million dollars.” (ShellNews.net) 7 Dec 04

ArabicNews.com: Shell invests in billions of dollars in the Qatari gas: “The British-Dutch Royal Dutch Shell group announced determination to spend $6 billion for establishing a factory to transform gas into a liquid fuel in Qatar. The group’s executive director Jeroen van der Veer did not specify any time for these investments upon announcing this project in a press conference organized by “Business Week” magazine in Paris.” (ShellNews.net) 7 Dec 04

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Shell News Archive Monday 6 December, 2004

Shell News Archive Monday 6 December, 2004

Yahoo! Business News: Press Release Source: Shell Oil Products US: All Shell Gasolines Meet ‘Top Tier’ Gasoline Standard Introduced by BMW, General Motors, Honda and Toyota (ShellNews.net) 6 Dec 04

StockWatch.com: Shell Issues Bakersfield Refinery Sales Process Update #2: “Shell Oil Products US today announced that it has reached an agreement with the U.S. Environmental Protection Agency and the Department of Justice on modifications to a consent decree that would allow the Shell Bakersfield Refinery to operate through March 31, 2005” (ShellNews.net) 6 Dec 04

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Shell News Archive Sunday 5 December, 2004

Shell News Archive Sunday 5 December, 2004

THE TIMES (UK): Shell chops job change policy: “The generalist-to-specialist move is intended to foster radical cultural change at the embattled oil group, which this year had to cut its proven oil reserves by about a third.” (ShellNews.net) 5 Dec 04

THE NEW YORK TIMES: Floating an Idea: “A recently announced plan to place a floating natural gas depot in the middle of Long Island Sound seemed so nakedly destructive to the environment that we were tempted to hit the pause button on our critical faculties and let this editorial write itself.”: “The group behind the project, Broadwater Energy – a partnership between the TransCanada Corporation of Calgary and Shell U.S. Gas and Power, a Houston-based affiliate of Royal Dutch/Shell – has powerful arguments on its side. Long Island needs energy, which has to come from somewhere.” (ShellNews.net) 5 Dec04

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Shell News Archive Saturday 4 December, 2004

Shell News Archive Saturday 4 December, 2004

ADWEEK.com: ‘Shell Holiday Patrol’ Aims to Pump Up Image: “Shell Oil Products U.S. and its in-house marketing division Motiva Enterprises are testing a customer loyalty program that sends teams of “brand ambassadors” to gas stations and shopping malls in five cities offering gifts, assistance and entertainment, the company said.” (ShellNews.net) Posted 4 Dec 04

THE WALL STREET JOURNAL: ConocoPhillips Drops Controversial Oil Reserves Figure: “In the latest accounting change by a large oil company involving oil reserves, ConocoPhillips (COP) said Friday it will no longer report the average cost of new production to the Securities and Exchange Commission.”: “Several companies have announced accounting changes since the Shell scandal broke.” (ShellNews.net) Posted 4 Dec 04

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Shell News Archive Friday 3 December, 2004

Shell News Archive Friday 3 December, 2004

ShellNews.net: Reply letter from 10 Downing Street (SEE LETTER IMMEDIATELY BELOW): Posted on website 3 Dec 04

ShellNews.net: LETTER FROM ALFRED DONOVAN TO PRIME MINISTER TONY BLAIR REGARDING “CODES OF PRACTICE” GENERALLY AND SHELL’S STATEMENT OF GENERAL BUSINESS PRINCIPLES IN PARTICULAR: “The reserves scandal was of such global magnitude that it has brought about the demise of a great British company, The Shell Transport & Trading Company plc, which, under the recently announced “merger” plan with Royal Dutch Petroleum Company, will cease to exist. The HQ for Royal Dutch Shell plc will be in Holland and the majority of senior management will be Dutch. “Posted 25 Nov 04

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Shell News Archive Thursday 2 December, 2004

Shell News Archive Thursday 2 December, 2004

THE WALL STREET JOURNAL: Nigerian Militants Prevent Repairs On Pipeline Leak-Shell: “Militants are stopping Royal Dutch/Shell Group (RD SC) from repairing an 18-inch pipeline in the Niger Delta leaking since Nov. 29, the company’s Nigeria unit said Thursday.” (ShellNews.net) 2 Dec04

ChinaView.cn: Shell reports oil spill in Nigeria’s troubled Niger Delta: “Oil multinational Royal Dutch/Shell said on Thursday an oil leak had occurred in Nigeria’s oil-producing Niger Delta region, but the volume of spill could not be determined as the company’s investigation efforts were frustrated by community militants.”: “The cause of pipeline-vandalism is considered as lack of jobs and poverty among those people whose average income is less than a dollar a day” (ShellNews.net) 2 Dec 04

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Shell News Archive Wednesday 1 December, 2004

Shell News Archive 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

THE WALL STREET JOURNAL: Australia’s Woodside Driven By Renewed Takeover Talk: “Driven by rumors that Royal Dutch/Shell Group may quit its one-third stake in Woodside Petroleum Ltd: analysts speculated Wednesday that a A$16 billion bid for Australia’s biggest energy company could be looming.” (ShellNews.net) 1 Dec 04

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