Posts under ‘Daily Express’

 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 [...]

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 [...]

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 [...]

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 [...]

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. [...]

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 [...]

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 (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 [...]

Daily Express: Shell pays £52m to help settle reserves actions Posted Tuesday 19 July 2005 By Andrew Johnson Published 13 July 2005 SHELL is close to settling one of the three major class actions it was facing in the US in the wake of last year’s reserves scandal. The Anglo-Dutch oil giant has agreed to [...]

Daily Express: Shell Chief’s scientific outlook Friday 24 June 2005 City & Business Editor: Stephen Kahn: email: stephen.kahn@express.co.uk Article by Andrew Johnson CHIEF EXECUTIVE Jeroen van der Veer is to beef up Shell’s science and technology work as part of moves to show there is life after the oil giant’s disastrous recent past. Outlining where [...]

Shell News Wednesday, 2 February 2005 DAILY EXPRESS (UK): Drivers fume at Shell’s £25m profit every day: “Shell’s new chief executive, Jeroen van der Veer, is set to make millions from a new pay package deal.” (ShellNews.net) Posted 2 Feb 05 FINANCIAL TIMES: Royal Dutch/Shell: “The mountain that Jeroen Van der Veer, chief executive of [...]

Shell News Archive Sunday 28 November, 2004 AFX Europe (Focus): Russia’s Gazprom likely to join Sakhalin 2 gas/oil project – report: “Sakhalin Energy, a company based in Yzhno-Sakhalinsk, is promoting the project and is owned 55 pct by Royal Dutch/Shell Group, 25 pct by Mitsui & Co and 20 pct by Mitsubishi Corp.“ (ShellNews.net) 28 [...]

Tuesday 2 November, 2004 THE NEW YORK TIMES: Crude Futures Hover Near $50 a Barrel: “In Nigeria, Oil giant Royal Dutch/Shell Group opened a court action Monday to try to block a strike targeting oil exports. It failed in a first-round bid to block wildcat strikes or other union action in the meantime. The case [...]

Daily Express (UK): FSA urges tribunal to reject Shell boss appeal “The reserves crisis is being investigated by criminal authorities in the US, where Shell is facing civil actions for millions of pounds.” 19 Oct 2004 CITY watchdog the Financial Services Authority is urging an independent tribunal to dismiss an appeal by former Shell boss [...]

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 [...]