Posts on ‘June 27th, 2005’

Minneapolis Star Tribune: Court to consider gasoline price-fixing case Associated Press June 27, 2005 WASHINGTON � The Supreme Court said Monday it would consider whether to dismiss a lawsuit accusing ChevronTexaco Corp. and Shell Oil Co. of improperly inflating gas prices in the late 1990s. Justices will review a lower court ruling that allowed the [...]

Washington Post: Court to decide Shell, Texaco gas case By James Vicini Reuters Monday, June 27, 2005 WASHINGTON (Reuters) – The U.S. Supreme Court said on Monday it would decide the antitrust liability of a joint venture that sets the same selling price for different brand products in a case involving a gasoline price-fixing lawsuit [...]

Reuters AlertNet: Greenpeace protests against CSFB’s Sakhalin work Monday 27 Jun 2005 Source: Reuters MOSCOW, June 27 (Reuters) – Greenpeace campaigners held a protest vigil outside Credit Suisse First Boston’s Moscow office on Monday against its involvement in a Shell-led energy project in the Russian Far East which they say threatens rare whales. Around a [...]

Borneo Post: Sarawak Shell to retrieve fallen Super Puma Monday 27 June 2005 By George Francis MIRI – Sarawak Shell Bhd has commenced operation to salvage a Super Puma helicopter that plunged into Bintulu waters, 11 kilometres before reaching its destination – B-11 gas production platform – on June 18. A series of technical-logistical and [...]

BLOOMBERG: Shell Investors to Approve Merger, Making Purchases Easier Monday 27 June 2005 June 27 (Bloomberg) — Shareholders of Royal Dutch/Shell Group, the third-largest publicly traded oil producer, are set to back a merger of its Dutch and British parent companies, ending a century-old dual ownership structure that has hindered takeovers. Investors including Craig Pennington, [...]

BARRON�SOnline: Bid Puts New Focus on China’s Oils Monday 27 June 2005 By LESLIE P. NORTON Emerging Markets EVER SINCE ITS INITIAL public offering in 2001, China National Offshore Oil Corp., or Cnooc (ticker: CEO), has traded at a premium to the better- known PetroChina (PTR), notwithstanding billionaire Warren Buffett’s stake in the latter. Growth [...]

THE WALL STREET JOURNAL: Cross-Border Deals Feed an M&A Boom By MICHAEL WANG DOW JONES NEWSWIRES June 27, 2005 European mergers and acquisitions have almost doubled in value during the second quarter from a year earlier, as corporations’ increasing appetite for takeovers raises hopes that 2005 could be the biggest year for deal-making since the [...]

Daily Telegraph (UK): The week ahead: The boards of Royal Dutch Petroleum and Shell Transport and Trading will be merged into one with a single chairman and chief executive Monday 27 June 2005 A guide to company results and meetings, and economic statistics (Filed: 27/06/2005) Shareholders of oil giant Royal Dutch/Shell are expected to vote [...]

Daily Telegraph (UK): City checklist: Shell’s head of the exploration and production division, Malcolm Brinded, is coming under fire from investors for the company’s lacklustre performance in securing major new production Monday 27 June 2005 The Financial Services Authority is likely to impose a fine of between �15m and �25m on Citigroup next week, following [...]

The Guardian (UK): Shell chiefs braced for storm: Investor anger brews over share tax and directors’ pay Monday June 27, 2005 Terry Macalister Shell tomorrow faces the most important annual shareholders meeting in its 100-year history, as criticism mounts about tax on shareholders, reserves replacement performance and a host of other issues. The Anglo-Dutch oil [...]

Financial Times: Final dual meetings for Royal Dutch Shell: If approved, the new company will be known as Royal Dutch Shell plc Monday 27 June 2005 Royal Dutch Shell, the Anglo-Dutch energy group, will hold simultaneous annual meetings in London and the Hague for the final time, if shareholders approve the belated union of the [...]