Royal Dutch Shell Plc  .com Rotating Header Image

March 20th, 2007:

The Lakeside Leader: Chipewyan Lake area oil sands project moving to next stage

Joe McWilliams
Lakeside Leader
Slave Lake, Alberta, Canada

What’s known in coffee shops as ‘the Shell project’ is still a long way from fruition, but things are happening. Sure Northern Energy – which Royal Dutch Shell owns – is planning a series of community open houses in affected communities early next month to talk about what they’ve been up to. And what they’ll likely be doing in the year to come.

“Hopefully we’ll talk about some sort of field test,” says company spokesman Andrew Ritchie. A field test would be a step up from what Sure Northern has been doing so far, which is a winter drilling program to “test the resource.” read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Reuters: Barclays and ABN to split top jobs

LONDON (Reuters) – Barclays (LSE: BARC.L – news) and Dutch rival ABN AMRO (Amsterdam: AABA.AS – news) said a merger of their companies would be listed in London, have headquarters in Amsterdam, and would split the top two jobs.

Barclays Chief Executive John Varley is set to take the same job in a combined bank, and ABN’s Rijkman Groenink would probably be chairman under the proposals.

Barclays and ABN on Tuesday outlined a framework of objectives they aim to reach agreement on, including using the Dutch Central Bank as lead regulator and having a UK board and governance and management structures. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

International Herald Tribune: U.S. tightens financial squeeze on Iran

But sanctions aimed at energy projects could anger Europe

By Steven R. Weisman Published: March 20, 2007

WASHINGTON: For all of the U.S. efforts to apply economic and political pressure on Iran over its nuclear program, Washington has never used a potentially potent tool in its arsenal — penalties on foreign companies that assist Iran in producing oil and natural gas.

That may be about to change. The United States has quietly been warning energy companies, including Royal Dutch Shell, Repsol and SKS, as well as the governments of China, India, Pakistan and Malaysia, that sanctions are possible if they pursue energy deals with Iran. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

RIA Novosti: Project operator offers environmental plan to fix Sakhalin II

18:19 | 20/ 03/ 2007 

MOSCOW, March 20 (RIA Novosti) – Sakhalin Energy that operates the Sakhalin II oil and gas project off Russia’s Pacific Coast has submitted a plan of measures to remedy environmental damage caused by the project, the natural resources ministry said Tuesday.

The ambitious project, formerly led by Anglo-Dutch oil major Shell, was subjected to months of intense pressure last year from Russian authorities, who accused it of causing serious environmental damage to Sakhalin Island, including deforestation, toxic waste dumping and soil erosion. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Bloomberg: Russia Receives Sakhalin Environmental Plan From Shell, Gazprom

By Lucian Kim

March 20 (Bloomberg) — Russia’s Natural Resources Ministry received a plan from Royal Dutch Shell Plc and OAO Gazprom to remedy environmental violations at their Sakhalin-2 venture.

Most of the measures to fix the problems will be realized by the end of next year, the ministry said in an e-mailed statement today.

Natural Resources Minister Yuriy Trutnev is satisfied that project operator Sakhalin Energy presented such a “concrete and complete” plan so quickly, according to the statement. The ministry will give its appraisal of the plan “within a month.” read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Bloomberg: Senate May Extend Botched Drilling Leases in Return for Fees

By Jim Efstathiou Jr.

March 20 (Bloomberg) — Energy companies with Gulf of Mexico drilling leases that omit royalties should get incentives in exchange for starting to make payments, U.S. Senator Dianne Feinstein said.

The leases, issued in 1998 and 1998 by the U.S. Minerals Management Service, lack terms included other years that require royalty payments when oil and natural gas prices rise. The omission, which the inspector general for the U.S. Interior Department found to be a mistake, might cost up to $10 billion, according to the Government Accountability Office. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Bloomberg: Shell Canada Investor Jarislowsky to Accept Royal Dutch Offer

By Sonja Franklin

March 20 (Bloomberg) — Jarislowsky Fraser Ltd., the investment adviser that controls about 29.5 million Shell Canada Ltd. shares, said it will tender its stock in a takeover by Royal Dutch Shell Plc rather than fight the deal in court.

The Montreal money manager will tender its shares of Calgary-based Shell Canada starting today at the offer price of C$45 ($38.68) apiece, said Len Racioppo, the firm’s president. Royal Dutch Shell, based in The Hague, on March 17 said it had already won over most minority shareholders. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Decision day looms for 399 former Shell employees suing Shell Malaysia for unlawful deduction from retirement fund

399 reasons for Shell Management to hang their heads in shame

399 REASONS FOR SHELL MANAGEMENT TO HANG THEIR HEADS IN SHAME

For better quality photograph and related news links go to…

http://www.shellnews.net/Week%20One%2006/shellnewsnet-399-reasons-why-jon-chadwick-8-january-2006.htm

The above photograph was taken in 2004 immediately after a Malaysian High Court ruled in favour of 399 former Shell employees known as “Team A” in a class action lawsuit. The Judge ruled Shell had acted “unlawfully” in making deductions from employee retirement pension funds. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

The Calgary Herald: Oilpatch CEOs’ salaries rising but increases losing some energy

EXTRACT: Shell Canada Ltd., chief executive Clive Mather’s salary rose about nine per cent to $978,750 and his bonus increased about six per cent to $800,000. He also received 330,000 options.

THE ARTICLE

Bonuses, options trimmed as companies show mixed results
Lisa Schmidt, The Calgary Herald
Published: Tuesday, March 20, 2007

CALGARY – CEO salaries and bonuses in the oilpatch continued to rise in 2006, but there are signs the pay parade is starting to slow.

Many top executives of Canada’s largest energy companies have been receiving unprecedented compensation packages over the past couple of years as oil and natural gas prices soared, leading to big increases in cash flows, profits and market value. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

NIEUWS/FINANCIEEL/ARTIKEL: Herkströter and Breukink

HFD – 20 maart 2007 11:30 

Persbericht ING – voordrachten RvC
AMSTERDAM (FD.nl/Betten) – Hier volgt een persbericht uitgegeven door ING:

Henk Breukink, Peter Elverding and Piet Hoogendoorn nominated as members of the Supervisory Board of ING Group

ING Group will propose to the 2007 Annual General Meeting of Shareholders (AGM) the appointment of three new members to the Supervisory Board: Henk Breukink (1950, Dutch) Peter Elverding (1948, Dutch) and Piet Hoogendoorn (1945, Dutch). The AGM will be held on Tuesday, 24 April 2007. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

The Calgary Herald: Royal Dutch to take reins in the oilsands: Changes likely after takeover of Shell Canada

Jeroen van der Veer, Royal Dutch Shell CEO

(Royal Dutch Shell CEO Jeroen van der Veer says the buyout of Shell Canada will further strengthen his company’s position in Canada — as well as its presence in the oilsands.
Pierre Verdy, Getty Images)

Lisa Schmidt, Calgary Herald; with files from Reuters
Published: Tuesday, March 20, 2007

After winning over a majority of minority shareholders late last week with its $8.7-billion bid, Royal Dutch Shell PLC plans to take full control of its Canadian subsidiary.

And once the deal is complete, the Anglo-Dutch energy giant is expected to move to integrate Shell Canada’s operations in North America, especially its upgrading and refining businesses. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Lloyds List: Chevron to plough $50bn into oil and gas projects

US group eyes over 30 medium and long term sites, writes Martyn Wingrove,
Published: Mar 20, 2007

CHEVRON is planning to develop more than 30 new oil and gas projects over the next five years to increase production and add new proven reserves.

The California-based group could be investing at least $30bn and some estimates suggest that up to $50bn is likely to be ploughed into projects, mostly in the Gulf of Mexico, West Africa, Australasia and the Caspian regions.

There are deepwater oil and onshore liquefied natural gas plants within its medium-term development portfolio and more could be added through an extensive exploration and appraisal campaign continuing this year. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

AFX CNF: Polski Koncern Nft. – Orlen Deutschland Shell Agreement

Published: Mar 20, 2007

RNS Number:2639T Polski Koncern Naftowy Orlen S.A. 19 March 2007 Regulatory announcement no 17/2007 dated 19 March 2007 ORLEN Deutschland signs wholesale agreement with Shell Deutschland Oil Polski Koncern Naftowy ORLEN S.A. (“PKN ORLEN”), Central Europe’s largest downstream oil company, announces that on 19 March 2007 ORLEN Deutschland AG signed a wholesale agreement with Shell Deutschland Oil GmbH, Hamburg for the sale of fuels to ORLEN Deutschland AG fuel stations in Germany. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Financial Times: Safety record is put in spotlight: ’37 died while working for Royal Dutch Shell’

By Ed Crooks
Published: March 20 2007 02:00 | Last updated: March 20 2007 02:00

Any doubts about how safety-conscious the oil and gas industry is are quickly dispelled by a visit to any BG Group office. There, a five-point stair safety code urges people to hold the handrail, avoid using a mobile phone or BlackBerry, take one step at a time, walk not run, and not to let objects obscure their vision.

Such codes may seem trivial but they are part of a culture that has developed in an industry where accidents are frequent and sometimes catastrophic. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Financial Times: Observer: Hardened vets

Published: March 20 2007 02:00 | Last updated: March 20 2007 02:00

If Rijkman Groenink, ABN Amro’s embattled chief executive, is seeking tactical advice on how to handle activist investors, he does not have far to look. Rob van den Bergh, who was ousted as chief executive of business information group VNU in a shareholder revolt, sits on ABN’s supervisory board, while Jan Kalff, Groenink’s predecessor at ABN, is chairman of Stork, the industrial conglomerate that is also the target of break-up demands. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

The Moscow Times: Gazprom, Yukos and A Mystery Company

Tuesday, March 20, 2007. Issue 3618. Page 1.

By Miriam Elder
Staff Writer 
Grigory Sysoyev / Itar-Tass 

The company has no web site, no publicly listed phone number, and a history of murky deals. Yet it runs the country’s largest independent electricity supplier, owns the country’s most popular tabloid, and is headed by one of Russia’s richest men.

The story of ESN Group runs deep. Headed by flamboyant multimillionaire Grigory Beryozkin, the company has fostered close, yet foggy, ties with state-run Gazprom as it grows into a major ¬investment vehicle. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.
Comment Rules

  • Please show respect to the opinions of others no matter how seemingly far-fetched.
  • Abusive, foul language, and/or divisive comments may be deleted without notice.
  • Each blog member is allowed limited comments, as displayed above the comment box.
  • Comments must be limited to the number of words displayed above the comment box.
  • Please limit one comment after any comment posted per post.