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Posts from ‘December, 2004’

DECEMBER 2004 ROYAL DUTCH SHELL NEWS

DECEMBER 2004 ROYAL DUTCH SHELL NEWS 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 […]

Shell News Archive Friday, 31 December 2004

Shell News Archive Friday, 31 December 2004 The Guardian (UK): Shell hits self-destruct button: “Shell will start the new year with a mountain to climb to re-establish its reputation after the most traumatic period in its 100-year history, with its chairman and two directors axed, legal action against it and condemnation by regulators.”: “An internal […]

Shell News Archive Thursday, 30 December 2004

Shell News Archive Thursday, 30 December 2004 FINANCIAL TIMES: London’s winners and sinners of 2004: “And now the brickbats, where one company stands head and shoulders above the rest: Royal Dutch/Shell. Its oil reserving scandal revealed lying, duplicity, vicious infighting, smugness and incompetence at the very top of the company. Its initially complacent response – […]

Shell News Archive Wednesday, 29 December 2004

Shell News Archive Wednesday, 29 December 2004 The Globe&Mail (Canada): Nigerian militants free Shell subcontract worker: “A Croatian subcontractor for oil giant Royal Dutch/Shell Group who was taken hostage by militants in Nigeria’s turbulent oil producing delta was handed over alive yesterday, a government official said.” (ShellNews.net) 28 Dec 04 THE LONDON TIMES: Need to […]

Shell News Archive Tuesday, 28 December 2004

Shell News Archive Tuesday, 28 December 2004 Financial Times: Shell to pore over oil reserves audit: “Shell was forced to cut its level of proved reserves by 23 per cent this year, which led to the departure of its three top executives, class action lawsuits and investigations by US and UK regulators. The scandal also […]

Shell News Archive Monday, 27 December 2004

Shell News Archive Monday, 27 December 2004 Financial Times: Softly, softly on EU convergence, says lawyer: “Scandals such as those at Parmalat, the Italian dairy company that collapsed under €14bn ($19bn) of debt, Ahold, the Dutch retailer, and Royal Dutch/Shell’s reserves debacle have given reforms fresh impetus.” (ShellNews.net) 27 Dec 04 Daily Telegraph (UK): Shell […]

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 […]

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 […]

Shell New Archive Friday 24 December, 2004

Shell New Archive Friday 24 December, 2004 ShellNews.net: LETTER TO THE UK DAILY TELEGRAPH: SHELL TRANSPORT – AN ILL-FATED PREDICTION: “It is interesting as we approach the end of 2004 to review predictions made at the beginning of the year. “: “One of your experts, Andrew Jones, investment director of The David Aaron Partnership chose […]

Shell News Archive Thursday 23 December, 2004

Shell News Archive Thursday 23 December, 2004 Daily Telegraph (UK): City Briefs: Shell move: “Shell yesterday declared that force majeure was in effect on 114,000 barrels a day of Nigerian light crude…” (ShellNews.net) 23 Dec 04 turkishpress.com: Shell and Chevron suspend oil exports of 134,000 bpd from Nigeria: “A Shell spokesman said that the company […]

Shell News Archive Wednesday 22 December 2004

Shell News Archive Wednesday 22 December 2004 THE GLOBE&MAIL (CANADA): Repairs cut Athabasca oil sands output: “Yesterday, Shell Canada Ltd. and Western Oil Sands Inc., both of Calgary and two of the Athabasca project partners, said one of two RHC trains at the upgrader was moving back toward full production when the tubing leak was […]

Shell News Archive Tuesday 21 December, 2004

Shell News Archive Tuesday 21 December, 2004 THE NEW YORK TIMES: Yukos Auction Deepens Doubts of Investors: “MOSCOW: It took less than six minutes on Sunday to drive Russia back in time.”: “After successfully luring billions of dollars from foreign investors who believed that capitalism was finally making strides in Russia, Moscow switched directions on […]

Shell News Monday 20 December, 2004

Shell News Monday 20 December, 2004 Financial Times: Oil in the workings of high finance: “BP, Total and Shell now have trading teams that rival the biggest banks in terms of trader numbers, an ingrained entrepreneurial culture – which causes worries about risk at the credit rating agencies – and highly advanced IT systems. Shell […]

Shell News Archive Sunday 19 December, 2004

Shell News Archive Sunday 19 December, 2004 THE SUNDAY TIMES (UK): Quote of the Week: ‘Perhaps some of you have even started taking French lessons’: Jeroen van der Veer, chief executive of Royal Dutch/Shell, refers to rumours of a takeover bid…” (ShellNews.net) 19 Dec 04 THE SUNDAY HERALD (SCOTLAND): Scandal Monger: Blood on the Boardroom […]