As you know, the Data Protection Act treats you and John as separate individuals, with each of you having separate rights under the Act. However, as you will appreciate, given your and Johns working relationship and our understanding that you both jointly operate the RoyalDutchShell plc website, it is often difficult to separate out data that relates purely to one or other of you.
March 1st, 2010:
Constructive email correspondence between Shell and the Donovan’s
THE BLOOD OF THE EARTH: an oil and gas bonanza in Morocco? Dollars, power and terrorism
A former Shell employee ran into an incredible story about an oil and gas field in Morocco. Five years ago he approached the owner of a small American oil company, Mike Gustin, for possible participation in the development of the field. Mike told him that a combination of Saudis accused of sponsoring Al Qaeda, Osama bin Laden and the 9/11 suicide pilots, in combination with the Moroccan royal family was trying to squeeze him out of his discovery and his exploration licences.
Infratil Consortium Expects To Purchase Shell NZ Downstream Assets
THE WALL STREET JOURNAL
FEBRUARY 28, 2010, 11:46 P.M. ET
WELLINGTON (Dow Jones)–Infratil said Monday it expects a consortium it leads to complete the purchase Shell New Zealand’s downstream assets on March 31.
The consortium, which includes the New Zealand Superannuation Fund, still has to obtain a number of third-party consents and approvals, but these are in the final stages of being negotiated and secured, it said in its monthly operational report.
“Documentation of the planned acquisition of Shell New Zealand’s sales and distribution business is at an advanced stage,” it said.
Showa Shell to invest $1bn in solar panels
By Jonathan Soble in Tokyo
Published: March 1 2010 07:48
Showa Shell, the Japanese affiliate of Royal Dutch Shell, is placing a $1bn bet on the future of thin-film solar panels as it seeks to become the worlds largest producer of the renewable-energy technology.
Showa Shell said the energy payback time of its panels the average time they take to produce more energy than it took to make them in the factory is one year, compared with two to three years for silicon-based panels.
Copyright The Financial Times Limited 2010.
Security Breach at Shell Reveals Personal Employee Information
Ironically, Shells security breach came at a convenient time- had Shell discovered the breach in April, a new set of rules (covered here and here) would have allowed the company to be charged fines of up to £500,000. However, even without the additional monetary cost, Shell lost something extremely valuable: the trust of its employees. Shell workers are much less likely to remain loyal to a company which isnt proactive about protecting its internal information.
Non-execs get inflation-busting pay rises
By Brian Groom, Business and Employment Editor
Published: March 1 2010 00:21
Non-executive chairmen of FTSE 100 companies have received average pay increases of 6.7 per cent over the past year, outstripping inflation at a time when many staff had their wages frozen, according to research published on Monday.
Royal Dutch Shell had the highest-paid non-executive directors at £111,550 a year and also the third highest-paid chairman.
FULL FT ARTICLE (SUBSCRIPTION)
Caterpillar moves to cut links with Iran
By Harvey Morris in New York
Caterpillar, the US building equipment group, has become the latest company to bow to a lobbyists name and shame campaign by announcing steps to sever trading links with Iran.
Lobbyists have also been active in drafting US legislation that would oblige Barack Obama, US president, to act against foreign companies…
UANIs database of targeted companies includes industrial brand leaders in Europe, Asia and elsewhere, and oil companies including Royal Dutch Shell, Total and Petrobras.
Shell’s Pension Fund Shies Away from Active Management
THE WALL STREET JOURNAL
By MARK COBLEY and PHIL CRAIG
The £10.5 billion ($14.3 billion) pension fund for Royal Dutch Shell PLC has become the latest big investor retreat from active fund management, in a further blow to managers already suffering from reduced market values and a poor economic outlook.
In documents posted on the pension plan’s Web site, the fund’s trustees wrote that they had placed an upper limit on the amount they would entrust to stockpickers: 40% of its equities holdings. The fund didn’t say what percentage it previously had under active management, but it didn’t previously have an upper limit. It has also upped the percentage of its investments that go to passive bond investments such as those tracking bond indexes.
Shell selling assets to fund £18bn spending
Daily Telegraph
Royal Dutch Shell is reportedly selling assets including its liquid petroleum gas business and North Sea fields to meet the cost of its $28bn (£18bn) capital spending programme.
Published: 12:12AM GMT 01 Mar 2010
The oil and gas giant predicts that it will raise $2bn to $3bn from selling assets that are not central to its growth plans, particularly downstream assets such as refining and marketing operations in mature markets such as Europe, for example.
It is also believed to be selling some mature oil and gas fields in the North Sea and Nigeria.
Shell has invited indicative bids, which are expected to go up to approximately 1bn (£900m) for its French-based European LPG arm. This sells bottled gas to rural homes.
Shell to divest businesses as it seeks funds- FT
REUTERS
LONDON, March 1 (Reuters) – Oil and gas major Royal Dutch Shell (RDSa.L) is selling a number of assets, including its European liquid petroleum gas businesses, to fund a 28 billion pound capital spending programme, the FT reported on Monday, citing unnamed sources.
The Anglo-Dutch giant has said it is looking to divest 15 percent of its global refining capacity as the European oil industry battles a drop in demand for oil products and 15 year-low margins.
The FT said the oil company planned to raise $2-3 billion dollars by auctioning off assets that did not contribute to its growth plans, including refining and marketing operations in Europe and mature oil and gas field in the North Sea and Nigeria.