Friday, February 3, 2006. Issue 3345. Page 7. Bloomberg LONDON — Sakhalin Governor Ivan Malakhov supported ecologists' protests against a venture led by Royal Dutch Shell, which plans to invest $20 billion in the Far East to make liquefied natural gas, because of possible environmental damage. Malakhov met Thursday with officials from the European Bank [...]
Posts on ‘February 2nd, 2006’
Associated Press: Royal Dutch Shell 4Q profit drops 4 pct.
The company's main long-term problem is seen as the gap between the amount of oil and gas it is currently pumping and how much it will be able to produce in the future. AMSTERDAM, Netherlands By TOBY STERLING Associated Press Writer FEB. 2 12:39 P.M. ET Royal Dutch Shell PLC reported a 4 percent drop [...]
BBC NEWS: Shell in talks on field closure
Oil giant Shell is to begin talks on taking Britain's biggest oilfield out of service, BBC Scotland has learned. Shell said it was looking to set up a new structure to manage the four platforms in the Brent field, which is located off Shetland. The company said it wanted to consult widely on options for [...]
The Scotsman: Shell rejects 'profiteering' claims
Royal Dutch Shell hit back at claims it was profiteering at the expense of consumers after revealing it made £12.93 billion last year – the highest profits yet for a UK company. The energy giant raked in the equivalent of almost £1.5 million an hour on the back of surging oil and gas prices, but [...]
Times Online: Shell deserves congratulations, not catcalls
As the oil giant's record-breaking annual profit draws criticism from all sides, Graham Searjeant asks: what's our problem? Rationally, we should be celebrating the highest profit ever reported by a British, or at least partly British, company. The newly merged Royal Dutch Shell, the world’s third biggest stock market listed oil group, made $22.94 billion [...]
Investments & Pensions Europe: Shell facing costs from Dutch funds’ action
IPE.com 2/Feb/06: GLOBAL – Oil giant Shell today says the two class actions brought against it by Dutch pension schemes and German and Luxembourg institutions could dent its earnings significantly. Shell said in its full-year results that the claims are linked to a pending securities class action in the US. Shell management stated it could [...]
Friends of the Earth: Shell reports record profits – Pacific Grey Whales pay the price?
Friends of the Earth today (Thursday 2 February) called for a windfall tax on the oil giant Shell which has reported record annual profits of £12.93bn [1]. The campaign group said Shell was profiting from climate change and people and the environment were paying the price. The group also highlighted the threat posed by Shell's [...]
ShellNews.net: THE SHELL ENRON LINK
By Alfred Donovan The following information confirms how the Royal Dutch Shell Group (at the time under the leadership of Sir Mark Moody-Stuart) planned to “emulate Enron’s success”. That may help to explain the reserves fraud. Shell’s reputation is now ranked alongside Enron and perhaps senior current and former Shell directors may end up in [...]
Forbes: Shell 4Q Profit Drops on Storm Impact
Royal Dutch Shell PLC said Thursday fourth-quarter earnings dropped 4 percent and sales dipped 2 percent, as the impact from hurricanes Katrina and Rita outweighed the high price of oil. Net profit was $4.37 billion, down from $4.57 billion, while sales fell to $92.8 billion from $95.1 billion. By comparison, Exxon Mobil Corp. reported a [...]
The New York Times: Shell Profit Hits UK Company Record
By REUTERS Published: February 2, 2006 Filed at 7:55 a.m. ET Skip to next paragraph LONDON (Reuters) – Royal Dutch Shell Plc posted a record $23 billion profit for 2005 on Friday, up 30 percent from the previous year, as higher oil prices and fat refining margins outweighed a sharp fall in production. Shell said [...]
MarketWatch: SolarWorld buys Shell's crystalline solar operations
Edited Press Release BONN (MarketWatch) — German solar energy company SolarWorld AG (SWV.XE) said Thursday it will assume 100% equity interest in the crystalline solar activities of Royal Dutch Shell PLC (RDSA) subject to the approval of the anti-trust authorities. The sale and purchase agreement signed by both parties results in the transfer of the [...]
RIA Novosti (Russia): EBRD mulls financing for Far East energy project
12:06 | 02/ 02/ 2006 VLADIVOSTOK, February 2 (RIA Novosti, Veronika Perminova) – The European Bank of Reconstruction and Development will reach a decision within two months on crediting an energy project off the island of Sakhalin in Russia's Far East that has come under attack from environmentalists, the local administration said Thursday. The Sakhalin [...]
ShellNews.net: WWF seeking information from those concerned about Sakhalin
Statement by WWF Shell’s Sakhalin II project in far east Russia is an example of how not to do a mega-project. Its costs have doubled to US$ 20 billion, local communities are protesting over damage to fisheries, and the 100 remaining western gray whales are at risk of extinction. WWF’s views on the project can [...]
Shell Insider Article with Leaked Shell Internal document: Our "Leader" – TOM BOTTS: Shell Executive VP
FROM A SHELL INSIDER Hello Alfred Below is the crap we receive from our ‘leader’. It continues to baffle me that these politicians keep finding hollow words for their messages that never change. This cowboy from Wyoming expects a few things to be different this year (see bullet points at the bottom). This means in [...]
Jyoti Munsiff: Shell's Chief Ethics and Compliance Officer: analogous to putting a fox in charge of a hen house.
FROM A SHELL INSIDER Dear Alfred The message below was found on the Shell Web today. I have been with Shell for quite some years, but this beats everything. They are now mixing up the General Business Principles and Ethics (which are from the good old days and perfectly adequate today) with Legal Compliance. In [...]


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