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Posts from ‘February, 2005’

Royal Dutch Shell News Monday, 28 February 2005

Royal Dutch Shell News Monday, 28 February 2005 The Jakarta Post (Indonesia): Malaysia says Shell oil concession within its waters: “Malaysia on Monday rejected a protest from Indonesia for granting Shell an oil exploration concession in an area claimed by Jakarta, saying the bloc was within Malaysian territory” (ShellNews.net) 28 Feb 05 THE WALL STREET […]

FEBRUARY 2005 ROYAL DUTCH SHELL NEWS HEADLINES

FEBRUARY 2005 ROYAL DUTCH SHELL NEWS HEADLINES Tuesday, 1 February 2005 FINANCIAL TIMES: Libyan PM wooing US oil companies: “Several big international companies including ExxonMobil, BP, Royal Dutch/Shell and Total, which had been operating in Libya during the 18 years of US economic sanctions against the North African country, did not win any licences under […]

Royal Dutch Shell News Sunday, 27 February 2005

Royal Dutch Shell News Sunday, 27 February 2005 The Scotsman: Shell Signs Deal to Build Gas Plant: “Oil giant Shell has signed a deal to build a liquefied natural gas (LNG) plant in Qatar that will help meet soaring worldwide demand for the fuel, it was announced today.” (ShellNews.net) 27 Feb 05 THE SUNDAY TIMES […]

Royal Dutch Shell News Saturday, 26 February 2005

Royal Dutch Shell News Saturday, 26 February 2005 THE WALL STREET JOURNAL: SEC Has More Questions After 1st Inquiry On Oil Reserves: “The Securities and Exchange Commission is seeking additional information from some companies about oil reserves following last year’s initial round of inquiries in the wake of the Royal Dutch/Shell scandal”: “Shell stunned capital […]

Royal Dutch Shell News Friday, 25 February 2005

Royal Dutch Shell News Friday, 25 February 2005 Pittsburgh Post Gazette: Big oil, SEC differ on calculation of petroleum reserves: “Big oil threw down the gauntlet in a battle with U.S. regulators over how to calculate a crucial measure of the industry’s long-term health: how much oil and natural gas it has in the ground. […]

Royal Dutch Shell News Thursday 24 February 2005

Royal Dutch Shell News Thursday, 24 February 2005 DAILY MAIL (UK): Shell close to a gas megadeal with Qatar: “Reports from the Arabian Gulf say Shell will shortly agree with Qatar Petroleum to export £4bn of liquefied natural gas to the US. A deal would help Shell to replace some of its depleted oil and […]

Royal Dutch Shell News Wednesday, 23 February 2005

Royal Dutch Shell News Wednesday, 23 February 2005 FINANCIAL TIMES: BP succumbs to shareholders over incentives: “Investors said Royal/Dutch Shell, BP’s rival, would come under pressure to revise its next executive incentive scheme, which has also proposed awarding half the maximum permitted shares for median performance. Shell last week met leading City investors to discuss […]

Royal Dutch Shell News Tuesday, 22 February 2005

Royal Dutch Shell News Tuesday, 22 February 2005 afxnews.com: BASF declines comment on reports of complications over sale of Shell jv Basell: “BASF AG declined to comment on earlier media reports that it is experiencing difficulties regarding the sale of its 50:50 joint venture with Royal Dutch/Shell Group, Basell.” (ShellNews.net) Posted 22 Feb 05 Like […]

Royal Dutch Shell Monday, 21 February 2005

Royal Dutch Shell Monday, 21 February 2005 THE LONDON TIMES: Morals can help to rebuild investor faith: “From Enron and WorldCom in the US to Europe’s Parmalat, trust in corporate management has been tested to breaking point. When we are no longer sure, even of the likes of Shell and other paragons of corporate virtue, […]

Royal Dutch Shell News Sunday, 20 February 2005

Royal Dutch Shell News Sunday, 20 February 2005 THE BUSINESS (EU): Oil giants demand reform of SEC rules on reserves: “Missing from the list of backers is Royal Dutch/Shell, whose disastrous downgrades last year led the industry to look at flaws in the SEC guidelines.” (ShellNews.net) 20/21 Feb 05 The Observer (UK): Tough job of […]

Royal Dutch Shell News Saturday, 19 February 2005

Royal Dutch Shell News Saturday, 19 February 2005 The Arizona Republic: Shell back at Valley pumps: “Shell Oil Co. is moving back to metro Phoenix and is putting up its familiar yellow king-scallop shell on 55 former Texaco stations, including many Circle K stores with branded pumps, and 11 ExxonMobil stations.” (ShellNews.net) 19 Feb 05 […]

Shell News Friday, 18 February 2005

Shell News Friday, 18 February 2005 FINANCIAL TIMES: Total chief rules out a ‘transforming merger': “Total was rumoured last year to be considering a takeover bid for Shell, its bigger Anglo-Dutch rival, which was hit by an accounting scandal.” (ShellNews.net) 18 Feb 05 FINANCIAL TIMES: Lex live: Dual primary listings: “Two heads are said to […]

Shell News Thursday, 17 February 2005

Shell News Thursday, 17 February 2005 THE INDEPENDENT (UK): £6bn pipeline threatens endangered whale: “A massive oil and gas drilling project planned by Shell off the eastern coast of Russia could lead to the extinction of the Western Pacific grey whale, a report has warned. The study, commissioned by the oil company itself, recommended operations […]

Shell News Wednesday, 16 February 2005

Shell News Wednesday, 16 February 2005 FINANCIAL TIMES: Sanctions threat to NPC bid for Basell: “NPC is one of the three bidders that have been shortlisted to buy the petrochemicals company from its joint owners Royal Dutch/ Shell and BASF.” (ShellNews.net) 16 Feb 05 The Independent (UK); OUTLOOK: BG Group makes a meal out of […]

Shell News Tuesday, 15 February 2005

Shell News Tuesday, 15 February 2005 USNewsWire.com: World Wildlife Fund:Shell Must Heed Scientific Findings: Whale Survival and Sakhalin Project in the Balance: “Shell, Mitsui, and Mitsubishi and those financial agencies considering funding the project must pay attention to these scientific findings, or the whales and people of Sakhalin will suffer irreversible consequences”. (ShellNews.net) 15 Feb […]

Shell News Monday, 14 February 2005

Shell News Monday, 14 February 2005 Daily Telegraph (UK): Shell Sakhalin pipeline faces blow over threatened whales: “A $12billion (£6.7 billion) gas pipeline project in the frozen waters of Russia’s Sakhalin Island, which is vital to one of Shell’s largest investments, could be dealt a serious blow this week.” (ShellNews.net) 14 Feb 05 FINANCIAL TIMES: […]

Shell News Sunday, 13 February 2005

Shell News Sunday, 13 February 2005 THE SUNDAY TELEGRAPH (UK): Shell needs to be more radical to save itself: “…severe crisis for much of the past year”: “Shell’s reserve replacement ratio is a pitiful 45 per cent to 55 per cent”: “…to fix its operational woes the oil giant may need a new, more radical […]

Shell News Saturday, 12 February 2005

Shell News Saturday, 12 February 2005 DAILY TELEGRAPH (UK): It will take another 30 years for the needle to sink to half empty, says Christopher Hope: “Last week Shell, which is already in hot water for managing to “lose” a third of its proven oil and gas last year, said it had only managed to […]

Shell News Friday, 11 February 2005

Shell News Friday, 11 February 2005 From May, all decisions will be taken by the company’s new board in The Hague, which has seven Dutch members and four Britons! THE LONDON TIMES: Dual chairmanship goes as Unilever delays over merger: BOARDS SHOW DUTCH COURAGE: “Shell proposed the merger of its two joint venture units, Royal […]

Shell News Thursday, 10 February 2005

Shell News Thursday, 10 February 2005 Daily Telegraph (UK): Plain talk: when leadership fuels discontent: “Perceptions are the realities you and I live with, and if we think that management is not fit to lead, we just won’t follow them. That is what appears to be occurring at Shell.”: “”Without exception, every Shell person I […]

Shell News Wednesday, 9 February 2005

Shell News Wednesday, 9 February 2005 MosNews.com (Russia): Russian Govt Accuses Shell of $2.5 bln Damage to State Interests: “The Royal Dutch/Shell group’s spokesman confirmed having received a notification of the report, but declined further comments.” (ShellNews.net) 9 Feb 05 THE WALL STREET JOURNAL: Shell: Cooperating In Full With Sakhalin-2 Russia Audit: “In a recent […]

Shell News Tuesday, 8 February 2005

Shell News Tuesday, 8 February 2005 Suicidal Shell…”It looks like the Royal Dutch/Shell Group is committing suicide in slow motion.” THE GLOBE & MAIL (CANADA): Suicidal Shell’s best hopes lie in slow-growth oil sands: “It looks like the Royal Dutch/Shell Group is committing suicide in slow motion. It vastly overestimated how much oil it has […]

Shell News Monday, 7 February 2005

Shell News Monday, 7 February 2005 FINANCIAL TIMES: Rolls-Royce’s soaring shares under the spotlight: “While Shell warned that it only replaced between 15 and 25 per cent of the reserves it depleted last year, BP’s replacement ratio is expected to be more than 100 per cent.” (ShellNews.net) 7 Feb 05 THE LONDON TIMES: Oil giants […]

Shell News Sunday, 6 February 2005

Shell News Sunday, 6 February 2005 SUNDAY TELEGRAPH (UK): Unity at last for Unilever as Burgmans becomes sole chairman: “Shell is to merge its UK and Dutch operating companies to create one company listed in the UK in the wake of a scandal involving overstatement of its reserves.” (ShellNews.net) 6 Feb 05 THE INDEPENDENT ON […]

Shell News Saturday, 5 February 2005

Shell News Saturday, 5 February 2005 FINANCIAL TIMES: Shell and BASF narrow down bidders: Shell has cut almost a third of its proved reserves. It received another blow to its corporate prestige yesterday after Standard & Poor’s downgraded its credit rating for the second time in a year. The agency cut the rating from AA+ […]

Shell News Friday, 4 February 2005

Shell News Friday, 4 February 2005 Yahoo News!: Shell Denies Any Knowledge of Kickbacks: “The Royal Dutch/Shell Group denied Friday that it had any knowledge of kickbacks paid by a Geneva-based middleman it used to buy oil from Iraq (news – web sites) under the U.N. oil-for-food program” (ShellNews.net) 4 Feb 05 Houston Business Journal: […]

Shell News Thursday, 3 February 2005

Shell News Thursday, 3 February 2005 More Shell shock: Shell cuts reserves by another 10% FINANCIAL TIMES: Lex live: Royal Dutch/Shell: “…has now downgraded more reserves than it falsely booked.”: “After Thursday’s larger-than-expected downward reserve adjustment of 1.4bn boe, the total cumulative reserve downgrade stands at 5.87bn boe.”: “Shell’s performance does not compare favourably with […]

Shell News Wednesday, 2 February 2005

Shell News Wednesday, 2 February 2005 DAILY EXPRESS (UK): Drivers fume at Shell’s £25m profit every day: “Shell’s new chief executive, Jeroen van der Veer, is set to make millions from a new pay package deal.” (ShellNews.net) Posted 2 Feb 05 FINANCIAL TIMES: Royal Dutch/Shell: “The mountain that Jeroen Van der Veer, chief executive of […]

Shell News Tuesday, 1 February 2005

Shell News Tuesday, 1 February 2005 FINANCIAL TIMES: Libyan PM wooing US oil companies: “Several big international companies including ExxonMobil, BP, Royal Dutch/Shell and Total, which had been operating in Libya during the 18 years of US economic sanctions against the North African country, did not win any licences under the latest auction.” (ShellNews.net) 1 […]

SHELL NEWS HEADLINES Tuesday, 1 February 2005

SHELL NEWS HEADLINES Tuesday, 1 February 2005 FINANCIAL TIMES: Libyan PM wooing US oil companies: “Several big international companies including ExxonMobil, BP, Royal Dutch/Shell and Total, which had been operating in Libya during the 18 years of US economic sanctions against the North African country, did not win any licences under the latest auction.” (ShellNews.net) […]