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Posts from ‘March, 2007’

New York Times: Shell Drops Gulf LNG Port

By REUTERS Published: March 28, 2007 Filed at 8:59 p.m. ET HOUSTON (Reuters) – Shell U.S. Gas and Power (RDSa.L) is discontinuing plans to build a liquefied natural gasterminal offshore of Louisiana because import capacity will be sufficient without it, the company said Wednesday. “It’s just an assessment of the market,” said project manager Greg [...]

The Guardian: Van der Veer – a safe pair of hands? (Bill Campbell will be interested in this article)

Julia Finch Thursday March 29, 2007 Jeroen van der Veer deserves the chance to continue much of the good work he has put in at Shell since taking over from Sir Philip Watts in 2004. Memories of the reserves scandal will stay with many investors for a long time but the oil major has seen [...]

The Guardian: Shell chief to stay an extra year beyond company retirement age

Terry Macalister Thursday March 29, 2007 Jeroen van der Veer has won a victory over his more lauded rival Lord Browne by being allowed to stay on as chief executive of Shell a year after the company’s retirement date. The Dutchman will retire on June 30, 2009, aged 61, whereas the BP boss will have [...]

The Times: Shell chief sets date to leave and starts the race to replace him

March 29, 2007 Steve Hawkes Shell, the £125 billion oil giant, may break with a century-old tradition and recruit a new chief executive from outside either the Netherlands or Britain, industry experts said. The prediction came yesterday after it fired the starting gun for a succession battle by announcing that Jeroen van der Veer, the [...]

UPI: Shell defends operations against Nigeria

By CARMEN J. GENTILE UPI Energy Correspondent LAGOS, Nigeria, (UPI) — Royal Dutch Shell in Nigeria defended its operations Wednesday amid a bevy of government allegations that the company illegally transported and dumped radioactive material in the Niger Delta. In a statement sent to United Press International Wednesday, Shell officials denied the allegations of any [...]

Malaysia Star: Shell: Smart Fields the way to go

Thursday March 29, 2007 PETALING JAYA: The increasing demand for energy and the challenge to produce better oil makes it essential to use Smart Fields oil recovery technology, said Shell Smart Fields programme manager Jaap van Ballegooijen. Van Ballegooijen projected the world’s consumption at 120 million barrels per day by 2025, but added that remote [...]

Reuters: Shell says Italy should ease energy permits regime

RAVENNA, Italy, (Reuters) – Italy should ease its permit regime for energy projects and boost domestic oil and gas exploration to diversify energy supplies, a senior executive at Royal Dutch Shell (RDSa.L: Quote, Profile , Research) said on Wednesday. Italy depends heavily on energy imports to meet growing internal demand and needs to import gas [...]

Daily Telegraph: Shell not ready to retire van der Veer: Could it be that he fancies one last deal? That much-speculated merger with BP perhaps?

By Russell Hotten Last Updated: 12:17am BST 29/03/2007 Royal Dutch Shell, Europe’s biggest oil company, has announced that Jeroen van der Veer will remain as chief executive beyond the normal retirement date, a move welcomed by investors but which still sparked speculation about the company’s succession plans. Mr van der Veer, 60 in October, had [...]

The Independent: Shell chief executive to stay at helm for extra year

By Michael Harrison, Business Editor Published: 29 March 2007 The chief executive of Royal Dutch Shell, Jeroen van der Veer, has succeeded where his opposite number at BP, Lord Browne, failed by getting a one-year extension to his contract. Shell announced yesterday that Mr Van der Veer would now stay on at the helm until [...]

The Wall Street Journal: Risk-Taking Shell CEO Stays in Race

Risk-Taking Shell CEO Stays in Race With Unusual Strategies, Big Investments in Staff, Van der Veer Battles Rivals By CHIP CUMMINS and GUY CHAZAN March 29, 2007; Page B1 LONDON — When Jeroen van der Veer, a low-key chemicals executive and marathon ice skater, took the top job at Royal Dutch Shell PLC in 2004, [...]

Financial Times: Van der Veer extends Shell tenure

By Ed Crooks in London Published: March 28 2007 14:10 | Last updated: March 28 2007 22:04 Jeroen van der Veer, chief executive of Royal Dutch Shell, will stay in office a year longer than had been planned and step down in June 2009, the company said. Mr Van der Veer, who took over in [...]

Financial Times: Reforming Shell’s culture

Published: March 29 2007 Lord Browne must be envious. When he announced that he would leave the helm of BP earlier than expected, the oil major’s market capitalisation jumped by almost £2bn. On Wednesday, when his counterpart at Royal Dutch Shell, Jeroen Van der Veer, said he would, in contrast, stay on a bit longer, [...]

Times Online Comment: Beachcombing

March 28, 2007 Steve Hawkes Jeroen van der Veer took over a poisoned chalice in 2004 when he stepped into the breach at Royal Dutch Shell. Since then he has done all that could have been expected of him. He has restored the group’s reputation and positioned it for growth. His problem is the legacy [...]

Houston Chronicle: Regulators Clear Sale of Shell Assets

March 28, 2007 © 2007 The Associated Press WASHINGTON — Federal antitrust regulators have cleared the sale of a Los Angeles-area oil refinery and 250 retail sites in Southern California by a division of Royal Dutch Shell PLC to independent oil company Tesoro Corp. According to a notice issued by the Federal Trade Commission, the [...]

WorldEnergySource.com: From Russia with Oil

By Robert A. Mosbacher Sr., Chairman Mosbacher Energy Company and Kiril Stefan Alexandrov, Executive Director U.S.-Russian Investment Symposium This Symposium is helping American leaders in government, business and education learn more about the Russian business environment and encouraging partnerships between American and Russian businesses. Your efforts not only are strengthening our countries’ relationship but also [...]