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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 […]

Shell News Archive Saturday 18 December, 2004

Shell News Archive Saturday 18 December, 2004 PRNewswire: STARZ Buying Club Celebrates First Anniversary; Shell-Branded Retail Outlets Enjoy Savings and Efficiencies From Program (ShellNews.net) Posted 18 Dec 04 TMCnet.com: ESRI Reaches Groundbreaking Agreement with Shell (ShellNews.net) Posted 18 Dec 04 The Independent (UK): Cairn shares crash after setback in Rajasthan: “Cairn has enjoyed a meteoric […]

Shell News Archive Friday 17 December, 2004

Shell News Archive Friday 17 December, 2004 THE WALL STREET JOURNAL: Bid for WMC May Be Canberra’s Next Headache: “Like the takeover battle in 2001 between Shell and Woodside Petroleum Ltd., the latest bid contains myriad potential pitfalls for Mr. Costello and the government. Woodside operates the multibillion-dollar North West Shelf gas project, and Shell […]

Shell News Archive Thursday 16 December, 2004

Shell News Archive Thursday 16 December, 2004 Financial Times: Frank talk at Shell: “Shell needs to draw a line under the booking issue and move on to acquisitions that look its best chance of boosting depleted reserves. Unless it can do so honestly and swiftly, talk of it as a bid target may return.” (ShellNews.net) […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

Shell News Archive Thursday 9 December, 2004

Shell News Archive Thursday 9 December, 2004 THE WALL STREET JOURNAL: Shell Canada Announces Major Natural Gas Discovery In Central Alberta: “Shell Canada Ltd has made a “major” natural gas discovery on a previously untested structure 30 kilometers southwest of Rocky Mountain House in central Alberta.” (ShellNews.net) Posted 9 Dec 04 THE WASHINGTON POST: Nigeria’s […]

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 […]

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 […]

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 […]

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: […]

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 […]

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 […]

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 […]

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 […]