Posts on ‘March 18th, 2008’

When BP set out to build a �3.5bn natural gas plant in remote West Papua, local villagers hoped for a bright future. But all is not well. John Vidal Wednesday March 19 2008 Recently, with hundreds of Indonesian troops just out of sight in scenes of intense security, Prince Andrew, the government’s official business envoy, [...]

March 18, 2008 Mar. 18–The City of Bakersfield and California Water Service Co. have filed a lawsuit against the manufacturers of a suspected carcinogen that’s been detected in trace levels in some city drinking water wells. The chemical, 1,2,3-Trichloropropane, has been found at extremely low levels and is not a health threat, said City Water [...]

NOTHING TO DO WITH SHELL: FOR THOSE INTERESTED HERE IS LINK TO THE FULL JUDGMENT Paul McCartney, Heather Mills divorce http://www.judiciary.gov.uk/docs/judgments_guidance/judgment_180308.pdf IN THE HIGH COURT OF JUSTICE FAMILY DIVISION Royal Courts of Justice Strand, London, WC2A 2LL Date: 17/03/2008 Before : THE HONOURABLE MR JUSTICE BENNETT – – – – – – – – – [...]

Shell is working on carbon capture-and-storage technology to reduce the impact on the environment of its oilsands projects. May Upset Province; Ontario, U.S. possible options, executive says Claudia Cattaneo, Financial Post� Published: Tuesday, March 18, 2008 CALGARY — Royal Dutch Shell PLC is considering several upgrading options for its crude from Alberta’s oilsands, including sending [...]

All future 2340 postings will be transferred here�as they arrive on Live Chat� EXISTING RECENT POSTINGS� BY 2340: guest_2340 : 20080316d: �How much did Shell gained from the informations collated into one single source as provided by www.royaldutchshellplc.com?� An immediate answer was another leaked email subjected to verification. Shell can you provide shareholders with more [...]

Regular Live Chat contributor comments on leaked Jeroen van der Veer email Guest 1094: Performance Share Plan (PSP) for which performance measure = 50% Total Shareholder Return (TSR) + 50% Group Scorecard Average. The former was zero and the latter 1.3 for 2007. This means an award was justified. Since this was 65% of the [...]

Ian Lyall, 18 March 2008, 8:37am Crude may have gone into reverse after hitting a record of almost $112 a barrel, but long-term there will unfortunately be little respite for motorists and energy-hungry manufacturers. According to Shell chief Jeroen van der Veer, demand for the black stuff will remain strong as the world’s population jumps [...]

(THIS SHELL INSIDER WAS NOT THE SOURCE OF THE LEAK) John Some of the more scrupulous people in Shell (who incidentally are also recipients of the largesse) are questioning why the rules made three years ago for a bonus relating to 2005 have been changed retroactively to turn a 0% bonus award for 2005 into [...]

Live Chat comment posted on Tuesday 18 March 2008 Guest 1418: So Shell fails to meet it’s targets, but gives everyone a bonus anyway. And vd Veer awards himself a small payrise too, since everyone has to be a winner… I hope the shareholders get a chance to vote on this largesse at the AGM [...]

Leadership (Abuja) 18 March 2008 Movement for the Survival of Ogoni People (MOSOP) has reacted to a report that Shell Petroleum Company has resumed operations in Ogoniland. In a statement signed by Bari-ara Kpalap,MOSOP information officer and sent via e-mail to LEADERSHIP Kaduna office, the movement described the report as an infantile act of desperation [...]

Live Chat Comment from a Shell insider: ‘So once again Shell tries to “fiddle” the books’: posting on Tuesday 18 March 2008 Guest_3599 : So once again Shell tries to “fiddle” the books. Claiming to have an RRR of 124% (which is supposed to compare available reserves year on year) when the true figure is [...]

ASSOCIATED PRESS March 18, 2008; Page B8 John Hofmeister, who guided Shell Oil Co. through the aftermath of hurricanes Katrina and Rita only months after becoming president in 2005, will retire on June 1, the company said. The 60-year-old Mr. Hofmeister will be succeeded by Marvin E. Odum, currently executive vice president for the Americas [...]

By Danny Fortson Tuesday, 18 March 2008 Royal Dutch Shell plans to quintuple production in the controversial Canadian tar sands in an attempt to halt falling production from resource nationalism and the drying up of old fields. At its annual strategy briefing in London yesterday, Europe’s largest oil company said that its net reserves stayed [...]

By John Donovan The Wall Street Journal has published an article�this morning mentioning an email from Jeroen van der Veer which was leaked to us. It came from a trusted Shell insider source. Shell has confirmed its authenticity. It contains an admission of disappointment by Mr van der Veer over Shell�s financial performance compared with [...]

(FROM A SHELL INSIDER: JUST HOW GREEN IS SHELL???: My highlighted comments in the article apply to both Gas-to-liquids (GTL) plants such as Pearl, and also to tar sands, oil shales etc. The US law is not a commercial problem as the oil can be sold elsewhere, but it highlights Shell�s green hypocrisy.) Mar 13th [...]