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Posts from ‘August, 2005’

Storm over the oil industry

Financial Times: Storm over the oil industry In one company, Shell, the recruitment problems go all the way to the top: analysts think that Europe’s second biggest energy group – which had a reputation as a training ground for the industry’s brightest – lacks qualified candidates eventually to fill top rank posts such as chief […]

U.S. District Judge John Bissell approved a $90 million settlement for Shell employees

New Jersey Law Journal: U.S. “District Judge John Bissell in Newark, N.J., approved a $90 million settlement for current and former employees of Royal Dutch Shell, who had alleged that Shell violated its fiduciary duty by misstating oil reserve totals, causing its stock to nosedive. The settlement, in “In re Royal Dutch/Shell Transport ERISA Litigation, […]

Pricing pressure builds as oil majors count the cost of Katrina

Financial Times: Pricing pressure builds as oil majors count the cost of Katrina “The Mars platform, one of the Gulf’s biggest producers of oil and gas, has sustained some damage, Royal Dutch Shell, the operator, said. But not only production wells have been affected. Exploration rigs, of which there are almost no spares available worldwide […]

Shell U.S. Capline Oil Pipeline Shut After Hurricane

BLOOMBERG: Shell U.S. Capline Oil Pipeline Shut After Hurricane “The Capline pipeline transports up to 1.2 million barrels a day of crude oil from the Gulf of Mexico and imported from overseas. It runs more than 650 miles (1,040 kilometers) from St, James, Louisiana to Patoka, Illinois, according to Shell.” Wednesday 31 August 2005 Aug. […]

Tougher teeth needed

Financial Times: Tougher teeth needed “Why should Royal Dutch/Shell have been hit for £17m for market abuse while the largest fine for mis-selling was a mere £1.9m handed out to Lloyds TSB for the precipice bonds affair?” Wednesday 31 August 2005 By Martin Dickson Published: August 31 2005 The Financial Services Authority barks a lot […]

Rossport Five could face jail until October

The Mayo News Online (Ireland): Rossport Five could face jail until October “The legal teams are talking, and are in continual contact, but there is little point calling for dialogue when one party are being extremist and are not going to give anything. Shell will not vacate the injunction because they wish to have recourse […]

Shell settles Class Action Lawsuit and undertakes ethics makeover

Royal Dutch Shell settles Class Action Lawsuit and undertakes ethics makeover Wednesday 31 August 2005: 20.00 ET By John Donovan Shell today announced that a settlement has been reached with plaintiffs in a shareholder derivative actions arising out of Shell’s 2004 reserves recategorisation – the Shell reserves scandal. The action alleged that named individual defendants […]

ROYAL DUTCH SHELL NEWS HEADLINES AUGUST 2005

ROYAL DUTCH SHELL PLC NEWS HEADLINES AUGUST 2005 ShellNews.net: Royal Dutch Shell settles another US Class Action Lawsuit and undertakes ethics makeover: Wednesday 31 August 2005: 20.00 ET: READ The Mayo News Online (Ireland: Rossport Five could face jail until October: “The legal teams are talking, and are in continual contact, but there is little […]

Shell Causes Earthquakes in the Netherlands

FROM OUR AUGUST 2005 SHELL NEWS ARCHIVE BLOOMBERG: Shell Causes Earthquakes in the Netherlands “Northern Netherlands Trembles as Gas Extraction Triggers Quakes”: The entire area is sinking… Posted 30 August 2005 Northern Netherlands Trembles as Gas Extraction Triggers Quakes Aug. 29 (Bloomberg) — Arie de Langen says he never thought he’d have to worry about earthquakes […]

MLNG signs gas deals with 3 firms

News Straits Times (Malaysia): MLNG signs gas deals with 3 firms “At the signing, Petronas was represented by its vice president of exploration and production business Abdullah Karim… Sarawak Shell by Shell Malaysia chairman Datuk Jonathan Chadwick” Tuesday 30 August 2005 MALAYSIA Liquefied Natural Gas Sdn Bhd (MLNG), the owner and operator of the country’s […]

Reuters: Shell says Mars platform damaged after Katrina

Reuters: Shell says Mars platform damaged after Katrina Tuesday 30 August 2005 Tue Aug 30, 2005 10:25 AM BST LONDON (Reuters) – Royal Dutch Shell said an aerial inspection of its Mars platform in the Gulf of Mexico indicated some damage to its upper deck following the passing of Hurricane Katrina. “A fixed-wing reconnaissance flight […]

SOLAR SHELL ENTERS INDONESIAN MARKET FOR SOLAR ENERGY

Asia Pulse: SOLAR SHELL ENTERS INDONESIAN MARKET FOR SOLAR ENERGY TUESDAY Aug 30, 2005 JAKARTA, Aug 30 Asia Pulse – Solar Shell has sounded out the market of solar energy in Indonesia by opening its marketing office in Jakarta, chief of Indonesia Shell group Bob Moran said in a press release here on Monday. “I […]

Irish Times: Jailed Mayo men accuse Shell of ‘vindictiveness’

Irish Times: Jailed Mayo men accuse Shell of ‘vindictiveness’ “In turning down a request from Mayo County Council to with-draw the restraining injunction against the men, Shell said such a move would undermine the entire legal basis for the onshore pipeline. A Shell spokesman said yesterday that setting aside the injunction was not a realistic […]

Another Storm Casualty: Oil Prices

The New York Times: Another Storm Casualty: Oil Prices “Shell, the company with the largest operations in the Gulf of Mexico, also said yesterday that it would dispatch an aircraft to review the status of its assets in the area.” By JAD MOUAWAD and SIMON ROMERO Published: August 30, 2005 The region that produces and […]

SHELL MALAYSIAN CHAIRMAN, JON CHADWICK

SHELL MALAYSIAN CHAIRMAN, JON CHADWICK, UNDER FIRE FOLLOWING LEAKED EMAIL Tuesday 30 August 2005: 11.30 ET By Alfred Donovan ShellNews.net has obtained a leaked copy of an email dated 18 August 2005 from Shell Malaysia Chairman, Datuk Jon Chadwick to all Shell employees in Malaysia, which responds to points raised exclusively on this website. Our […]

ALARM BELLS RING OVER TENDERING FOR ROYAL DUTCH SHELL CONTRACTS

ALARM BELLS RING OVER TENDERING FOR ROYAL DUTCH SHELL CONTRACTS Monday 29 August 2005: 03.0 ET By Alfred Donovan Shell Petroleum Development Company of Nigeria has a double page spread advertisement in the current edition of The Economist magazine (August 27th -September 2nd) inviting tenders for a major contract in Nigeria. There is a volume […]

Stuff (New Zealand): Shell NZ chairman resigns

Stuff (New Zealand): Shell NZ chairman resigns “The chairman of Shell New Zealand has resigned for family and personal reasons, the company said today.” Monday 29 August 2005 29 August 2005 The chairman of Shell New Zealand has resigned for family and personal reasons, the company said today. Paul Zealand will be replaced by Shell’s […]

THE NEW YORK TIMES: Africa’s Oil Comes With Big Downside

THE NEW YORK TIMES: Africa’s Oil Comes With Big Downside “…Shell spokesman Simon Buerk said the company has never paid royalties to local potentates, but ”homage payments” are allowed — limited to $1,000 per project since 2003. A Shell report said it spent $100,000 on such payments last year in Nigeria.” Posted Monday 29 August […]

Welcome Mr Ollila to Royal Dutch Shell Plc

Welcome Mr Ollila to Royal Dutch Shell Plc Monday 29 August 2005: 09.50 By Alfred Donovan Mr Jorma Ollila is the Chairman designate of Royal Dutch Shell Plc. Reportedly a man of the highest repute, Mr Ollila is due to take up his non-executive position in June 2006. He has a reputation as a dynamic […]

Shell, Koc to Bid Jointly for Turkish Refiner Tupras

BLOOMBERG: Shell, Koc to Bid Jointly for Turkish Refiner Tupras “Royal Dutch Shell Plc is teaming up with Koc Holding AS, Turkey’s biggest company, to bid for 51 percent of Tupras Turkiye Petrol Rafinerileri AS, the nation’s state-run oil refiner, to expand output of oil products.” Monday 29 August 2005 Aug. 29 (Bloomberg) — Royal […]

Sunday Business Post (Ireland): State to pay Shell’s €40k bill

Sunday Business Post (Ireland): State to pay Shell’s €40k bill “The state faces a Garda bill of almost €40,000 for round-the-clock surveillance at the Shell Corrib gas terminal sites in Co Mayo over the past seven weeks. Deadlock over the onshore gas pipeline continues this week. Five farmers jailed for obstructing Shell access to their […]

Irish Times: Pipeline opponents question relevance of review

Irish Times: Pipeline opponents question relevance of review “Mr Garavan said he was concerned that Advantica had in the past had business dealings with elements of the consortium. The technical advisory group advising Mr Dempsey acknowledged on Thursday that Advantica “has previously worked for Shell”. Saturday 27 August 2005 Tim O’Brien Opponents of the Corrib […]

Kurt Hoffman, director of the Shell Foundation

The Guardian (UK): ‘We are part of the solution': Kurt Hoffman, director of the Shell Foundation “From his office 21 floors above central London, the director of the Shell Foundation sets out cogently the argument his organisation is trying to put into practice: that big business can be the solution to global poverty.” Laura Smith […]

SHELL CLOSELY LINKED TO ‘INDEPENDENT’ COMPANY REVIEWING CORRIB PIPELINE PROJECT

ROYAL DUTCH SHELL CLOSELY LINKED TO “INDEPENDENT” COMPANY REVIEWING CONTROVERSIAL CORRIB PIPELINE PROJECT SATURDAY 27 August 2005: 05.00am ET By John Donovan It has now been acknowledged that the so called “independent” company appointed by the Irish Government to review and report on the Corrib pipeline project has a business relationship with Royal Dutch Shell. […]

Royal Dutch Shell CEO Jeroen van der Veer, Master of Double Dutch

Royal Dutch Shell CEO Jeroen van der Veer, Master of Double Dutch “No optionality that behaviours in Upstream are different from Downstream: We Live Apart Together.” Saturday 27 August 2005: 11.20 ET Royal Dutch Shell CEO Jeroen van der Veer, Master of Double Dutch By Alfred Donovan Have you noticed that Jeroen van der Veer, […]

Man broke an elbow when he fell 20ft from helideck of Shell’s Tern Alpha Platform

Daily Record (Scotland): FALL SPARKS RIG INQUIRY: The man broke an elbow when he fell 20ft from the helideck of Shell’s Tern Alpha. read more

TEMPO (Philippines): Shell gives P5.4 million for fire victims

TEMPO (Philippines): Shell gives P5.4 million for fire victims “The Pilipinas Shell Petroleum Corp. released yesterday some P5.4 million as part of its compensation package to some 121 victims of a fire caused by the Shell gasoline spillage in Quezon City.”: “Shell will compensate an additional 50 people who were victims of the fire that […]

Philippine Daily Inquirer: Shell to sell ethanol-blended gas

Philippine Daily Inquirer: Shell to sell ethanol-blended gas “Shell chair Edgar Chua said in an interview that the oil firm was now conducting studies on the feasibility of selling ethanol-blended gasoline directly from their pumps.” Friday August 26, 2005 By Abigail L. Ho NOT TO be outdone by its smaller counterparts, oil refiner Pilipinas Shell […]

Montana’s Governor Eyes Coal to Solve U.S. Fuel Costs

THE NEW YORK TIMES: Montana’s Governor Eyes Coal to Solve U.S. Fuel Costs “The Democratic governor of this Republican state said he had met with Shell president John Hofmeister… to discuss his proposals.” Posted Friday 26 August 2005 By REUTERS HELENA, Montana (Reuters) – Montana’s governor wants to solve America’s rising energy costs using a […]

Former Shell employees asking for interest on retirement pay

Phnom Penh Post (Cambodia): Former Shell employees asking for interest on retirement pay Friday 26 August 2005 By Vong Sokheng Former employees of Shell oil company are demanding $1 million in interest on retirement benefits recently awarded to Cambodia staff members who worked for the company before 1975. The staff of Societe Shell du Cambodge […]

Irish Independent: UK safety firm hired to check Corrib pipeline

Irish Independent: UK safety firm hired to check Corrib pipeline “Five men from Rossport have now spent seven weeks in jail for contempt of court arising from their opposition to the pipeline. The Labour Party reiterated its call to Shell to lift the injunction against them.” Friday August 26, 2005 By Brian Dowling Political Correspondent […]

Govt gas pipeline move is criticised

RTE.ie: Govt gas pipeline move is criticised “The Shell to Sea campaign was reacting to news that a British-based technology risk assessment company has been asked to carry out a new safety review of the pipeline.” Friday 26 August 2005 Opponents of the plan to build an onshore gas pipeline in North Mayo have described […]

Irish Government appoints Advantica for ‘independent’ review of Royal Dutch Shell Corrib pipeline project

ShellNews.net: Irish Government appoints Advantica for “independent” review of Royal Dutch Shell Corrib pipeline project ‘How “independent” is Advantica? The answer seems to be that it is far removed from being independent.’ Friday 26 August 2005: 12.30 ET Irish Government appoints Advantica for “independent” review of Royal Dutch Shell Corrib pipeline project: 12.30 ET By […]

Irish Times: Statoil stations to be picketed

Irish Times: Statoil stations to be picketed Pickets are to be placed on selected Statoil fuel stations tomorrow as opponents of the proposed Corrib gas pipeline step up their campaign against the project.” Thursday Aug 25, 2005 Tim O’Brien Pickets are to be placed on selected Statoil fuel stations tomorrow as opponents of the proposed […]

Irish Independent: New Shell move just a stunt, says Rossport daughter

Irish Independent: New Shell move just a stunt, says Rossport daughter “THE daughter of one of the men jailed for opposing the Shell gas pipeline last night dismissed the company’s latest statement as a PR stunt.” Thursday Aug 25, 2005 THE daughter of one of the men jailed for opposing the Shell gas pipeline last […]

Chavez squeezes oil companies

The Washington Times: Chavez squeezes oil companies “More than 20 foreign companies including Chevron Corp., British Petroleum and Royal Dutch Shell are being targeted in an effort to collect more than $3 billion.” Thursday 25 August 2005 By Jens Erik Gould Published August 25, 2005 CARACAS, Venezuela — President Hugo Chavez is taking advantage of […]

Labour calls on Shell to free Rossport Five

Ireland On-Line: Labour calls on Shell to free Rossport Five “So the men are now in prison arising from a court injunction to stop them obstructing or interfering with the construction of a pipeline which was not itself legitimate from the very beginning,”… Thursday 25 August 2005 Shell must free the Rossport Five by immediately […]

Oil edges near $US66 on supply worries

Stuff (New Zealand): Oil edges near $US66 on supply worries “Protesters in major exporter Nigeria ended a week-long siege of oil facilities on Monday, to pave the way for talks with Royal Dutch Shell over compensation for an oil spill and fire in 2003.” Wednesday 24 August 2005 LONDON: Oil prices inched towards $66 yesterday […]

Irish Times: Independent TDs not to attend debate

Irish Times: Independent TDs not to attend debate “A debate on the Corrib gas pipeline planned for tomorrow had already been cancelled because the Shell to Sea campaign declined to participate if the debate was chaired by Mr Cooney.” Wednesday August 24, 2005 Carol Coulter in Ballina Humbert Summer School: The Humbert-Davitt summer school was […]

ONGC mulls counter-bid for PetroKaz

Financial Times: ONGC mulls counter-bid for PetroKaz “In Africa, ONGC has been bruised after being trumped by Chinese bids. ONGC was close to buying out Shell’s half share in an Angolan field jointly owned with BP, but was pipped by a Chinese offer strengthened by a promise of large credit lines.” Wednesday 24 August 2005 […]