Mr Donovan senior said that he felt compelled to set up the pressure group after his son found it necessary to issue High Court writs to Shell.
Posts on ‘July 14th, 2008’
LONDON -(Dow Jones)- Duvernay Oil Corp’s (DDV.T) had “unusual” trading in the weeks ahead of a friendly offer from Royal Dutch Shell PLC (RDSB.LN), Canadian financial research service Measuredmarkets Inc. said Monday.
Letters have been sent to Exxon Neftegaz, Sakhalin Energy Investment Company – where Shell is the No. 2 shareholder after Gazprom – and Total. The auditor has also forwarded details of its claims to the Finance Ministry and the Federal Anti-Monopoly Service.
Royal Dutch Shell, Europes biggest oil company, has made its first takeover bid since 2006, launching an agreed C$5.9bn (US$5.87bn) offer for Duvernay Oil, a Canadian gas company.
We did however suggest to Shell senior management that it should fly a pirates flag atop Shell Mex House as fair warning to all who entered innocently believing they were dealing with an ethical company.
Shell’s Chief Executive Jeroen van der Veer commented “Shell has a proven track record in North America tight gas activities. Duvernay could become a valuable part of the Shell portfolio, where we can add value through technology and scale. The combination of Duvernay’s acreage with Shell’s proven operating experience and financing capabilities make this transaction attractive to all shareholders.”
July 14 (Bloomberg) — Royal Dutch Shell Plc, the world’s second-largest energy company, agreed to acquireDuvernay Oil Corp. for C$5.27 billion ($5.24 billion) to expand natural-gas production in western Canada.
MANILA, Philippines–Dozens of militants hurled paint bombs and spray-painted protest messages on the façade of the Shell main building in Makati City before working hours Monday.
Don Marketing has issued the writ over the disputed idea dating back to 1989, together with a further writ, issued last Friday, claiming that its managing director John Donovan has been defamed in a Shell press statement (MW April 16 and 23).
Royal Dutch Shell, Repsol-YPF and Devon Energy Corp are already pumping crude in Brazil. Dozens of other companies are looking for oil in Latin America’s largest country.
Petronet LNG Ltd., India’s biggest buyer of liquefied natural gas, and Royal Dutch Shell Plc operate Dahej and Hazira LNG import terminals respectively on the country’s west coast.
In countries that haven’t completely slammed the door, reserves are often in the hands of state-run companies like Gazprom that are becoming more assertive in their dealings with foreigners.
Just when the credit crisis seems to calm down, it roars back with greater ferocity, bringing ever bigger institutions to their knees. Where is the crisis heading? How bad could it get?
More generally, Lombard Street Research reports that total US bank credit in the 13 weeks to mid-June fell by an annualised 9 per cent. That is the worst since records began in 1973 or, in effect, since the Great Depression…
Battered by rising petrol prices and despairing of the ability of politicians to ease their pain, Americans are turning to the one figure they think can help – God.