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Posts under ‘Daily Express’

How much reliance can be placed on Royal Dutch Shell predictions?

How much reliance can be placed on predictions emerging from Shell scenarios team? Very little if past accuracy of Shell predictions is any guide. Six years ago the then head of Royal Dutch Shell, the clueless Jeroen van der Veer predicted that the world would begin to run out of oil within 7 years – […]

BP and Shell profits set to fall by billions

Shell will report that its net earnings have fallen 25 per cent to £4.9 billion, due to its struggles with spills, theft and disruption at its Nigerian operations, as well as higher exploration costs and a weak refining and petrol market. “Unfortunately, ongoing issues in Nigeria, higher exploration charges, losses in Upstream Americas plus a […]

Links to a selection of Shell related articles

Links to a selection of current Shell related articles kindly supplied by a regular contributor Montepeque of Platts Caught in Battle Over Oil Assessments: Bloomberg: The oil-market investigation became public in May when European … Royal Dutch Shell Plc (RDSA), three of Europe’s largest oil companies, … Shell will keep oil shale R&D, sell its other Colorado […]

Shell ‘shuts down £8.3bn project in China’

Royal Dutch Shell is likely to face questions over the future of its operations in China after sources claimed an £8.3bn project in the country had been quietly shelved. The cancellation of the project in the eastern city of Taizhou will raise doubts about Shell’s bold push into China and its partnership with CNPC. Shell […]

Blaze hits Shell plant in Texas

Published: Tue, August 20, 2013 ROYAL DUTCH SHELL has shut down parts of a refinery in Port Arthur, Texas, after a fire broke out following a £6.4billion expansion scheme. Shell closed units at the Motiva refinery, which is run by a joint venture of the oil giant and Saudi Refining, after the second blaze in […]

Shell shock as new boss is appointed

ROYAL DUTCH SHELL sprang another surprise on the City yesterday by naming its head of refining Ben van Beurden as its new chief executive to succeed Peter Voser next January.   Published: Wed, July 10, 2013 Dutchman Van Beurden, 55, who has been with the Anglo-Dutch oil giant for 30 years but only appointed to […]

All the worst Shell traits – secrecy, haughtiness, inertia

 From our Shell News Archive Sunday 31 October, 2004 The fallout from the Shell reserves fraud continues… The Independent On Sunday (UK): Business View: Shell’s real location problem is finding more black stuff: “The misreporting of reserves scandal showed all the worst Shell traits – secrecy, haughtiness, inertia.”: “So what’s the hurry? Was it because […]

A DREADFUL DAY FOR SHELL SHAREHOLDERS, ESPECIALLY UK SHELL SHAREHOLDERS

FROM OUR OCTOBER 2004 SHELL NEWS ARCHIVE Friday 29 October, 2004 – A DREADFUL DAY FOR SHAREHOLDERS IN SHELL TRANSPORT AND TRADING COMPANY PLC The Times (UK): The Hague for head office: “ALTHOUGH it maintains otherwise, Shell is effectively going Dutch…”: “From May, the big decisions will be taken by a new board in The […]

OIL GIANTS BACK IN BLACK AS CRUDE RISES

By Geoff Ho: Sunday October 28,2012 OIL giant BP is expected to return to profit this week when it reports its third-quarter results thanks to the rising oil price, while arch-rival Royal Dutch Shell is also set to announce improved profits. BP is expected to make a net profit of $4 billion (£2.5 billion) for […]

SHELL’S ANNUS HORRIBILIS

FROM OUR SHELL NEWS ARCHIVE SEPT 2004 Daily Express (UK): SHELL’S ANNUS HORRIBILIS Published 23 Sept 2004 Jan 9, 2004: Reserves downgraded; shares slump Mar 7: Chairman Sir Philip Watts ousted Apr 19: E-mails about ‘lying’ revealed Apr 24: FSA launches probe Jun 6: Shell forced to speed up structural reform Jul 29: Fined £84m […]

SCOTTISH OIL RIGS IN DIRE STRAITS

Mr Campbell insisted it is only a matter of time before there is another major tragedy in the North Sea. He said: “According to public domain data there were 85 gas releases and 443 dangerous occurrences last year. If you are getting 85 gas leaks that’s one and a half, or two, leaks a week. […]

BOSSES’ SOARING PAY IS SLAMMED

Shell is often at odds with institutional investors over the generous pay packages it gives to its executives, such as boss Peter Voser, who last year took home £4.6 million in pay and bonuses. By Tracey Boles and Geoff Ho: Sunday May 15,2011 THE pay of top earners is spiralling out of control, a high-level […]

SHELL SURGES BUT BP FAILS TO CASH IN ON OIL PRICES

Sunday April 24,2011 By Tracey Boles A DIP in production is expected to stop BP reaping the full benefit of the high oil price in its first-quarter results, out this week. But arch-rival Royal Dutch Shell is forecast to enjoy a surge in first-quarter earnings on the back of the oil price which averaged $105 […]

Daily Express: Boss in Shell scandal starts legal fightback

Daily Express (UK): Boss in Shell scandal starts legal fightback “… Watts’ counsel, David Pannick, claimed Watts could be easily identified by any “reasonable reader”. This was because the notice referred to Shell’s annual report, signed off by Watts, which contained false reserves statements, and to a Shell-commissioned report into the scandal, naming him among […]