Royal Dutch Shell Plc .com Rotating Header Image

November, 2004:

From our Shell News Archive Monday 15 November, 2004

Nov 15th, 2004
by John Donovan.
No comments yet

From our Shell News Archive Monday 15 November, 2004

BLOOMBERG: Shell Shifts Europe Oil Exploration to Northern, Deeper Waters: “Royal Dutch/Shell Group, the world’s third-largest oil company, said it’s looking to the North Atlantic Margin for its next big European oil and gas finds as it seeks to replace older, flagging North Sea reserves.” (ShellNews.net) 15 Nov 04

Barron’sOnline: The Gathering Storm: The dean of energy analysts sees a difficult future: “THE ENERGY CRISIS WE ARE IN today is entirely different from the temporary problems we experienced in 1973-74, 1979-86, 1990-91 and 2000”: “There could be a good deal of time wasted in recrimination while we seek to pin responsibility on culprits and conspirators and demons”: The great Shell Oil geophysicist, M. King Hubbert (1903-1989)… …predicted that the peak of U.S. oil production would occur in the early 1970s (and, despite considerable skepticism about his prediction, he was right on target).” (ShellNews.net) 15 Nov 04 read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Shell News Archive Sunday 14 November 2004

Nov 14th, 2004
by John Donovan.
No comments yet

From our Shell News Archive Sunday 14 November 2004

THE WALL STREET JOURNAL: Loony Training Fads Are New Form of Snake Oil: “Your page-one article “Changing Drill: How Shell ‘s Move to Revamp Culture Ended in Scandal” (Nov. 2) is indicative of the loony and devastating training fads and cultural initiatives I’ve seen in Fortune 500 companies over the past quarter-century…” (ShellNews.net) Posted 14 Nov 04

THE RELATED ARTICLE:THE WALL STREET JOURNAL: How Shell’s Move To Revamp Culture Ended in Scandal: “The root of the problem, however, goes significantly further back than Sir Philip’s reign, which began in 2001”: “These deeper roots are significant because the company has yet to make a full break with its past. Mr. van der Veer is a longtime Shell executive who sat on the committee that received — and dallied over — warnings about the accounting problems.”: ” In addition to its ambitious plans to discover new oil and gas cheaply, Shell under Sir Mark was redefining how it counted existing reserves.”: “Sir Mark Moody-Stuart, chairman from 1998 to 2001, remains on the board of Shell’s English parent… He declined to comment about reserves issues. And Shell still can’t seem to get a handle on its reserves.” (ShellNews.net) 2 Nov 04 read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

From our Shell News Archive for Saturday 13 November, 2004

Nov 13th, 2004
by John Donovan.
No comments yet

From our Shell News Archive for  Saturday 13 November, 2004

Daily Telegraph (UK): Shell will reward its investors: “Shell’s shareholders will be rewarded with a dividend bonanza next year if they vote through the Anglo-Dutch company’s restructuring plans in the spring.” (ShellNews.net) 13 Nov 04

THE TIMES (UK): Oil major commits to staying in UK for a decade: “SHELL has promised to maintain its North Sea oil operations for at least the next nine to ten years, a commitment intended to calm fears that the oil major will abandon the dwindling oil and gasfields of Britain.” (ShellNews.net) 13 Nov 04 read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Shell News Archive Friday 12 November 2004

Nov 12th, 2004
by John Donovan.
No comments yet

From our Shell News Archive Friday 12 November 2004

Daily Telegraph: Sterling work on Shell’s divi: “Lord Oxburgh has written a valedictory letter dated 2 Nov 04 to the shareholders of Shell.”: “Sounds like an Ernie Wise composition… (One half of the late great British comedy duo, Morecambe & Wise, famous for the “plays what I wrote”. (ShellNews.net) 12 Nov 04

File One: Click here to access letter from Lord Oxburgh dated 2 Nov 04 and associated 16 page document announcing the proposal (on 28 Oct 04) by Royal Dutch/Shell for one company, one board and one chief executive. This is the letter which amused The Telegraph “City diary” so much that it was the subject of features on two successive days, 11 & 12 November 04. If you are a Japanese or Canadian national, Royal Dutch/Shell does not want you to read this document. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Shell News Archive Thursday 11 November, 2004

Nov 11th, 2004
by John Donovan.
No comments yet

 From our Shell News Archive Thursday 11 November, 2004

THE NEW YORK TIMES: Marathon Oil Reviews Oil, Gas Reserves: “Investors have been more focused on oil reserves in the wake of large writedowns this year by Royal Dutch/Shell and a number of smaller companies. The disclosure sent shares of Shell’s two parent companies plunging and set off industrywide scrutiny over the way reserves are accounted for. The problems continue to plague Shell, which recently said it may have to further reduce its reserves tally.” (ShellNews.net) Posted 11 Nov 04 read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Shell News Archive Wednesday 10 November, 2004

Nov 10th, 2004
by John Donovan.
No comments yet

From our Shell News Archive Wednesday 10 November, 2004

Washington Post: Priming the Public For Hydrogen Fuel: Benning Road Station Is First of Its Kind in U.S.: “Shell spent more than $2 million on the special Benning Road NE pump, which it will use to demonstrate hydrogen technology to lawmakers and staffers on Capitol Hill through a partnership with GM. (ShellNews.net) 10 Nov 04

THE WALL STREET JOURNAL: First US Hydrogen Refueling Station Opens Amid Protests (ShellNews.net) 10 Nov 04

AccountancyAge.com: Calls grow for external auditing of oil reserves (ShellNews.net) Posted 10 Nov 04
(Plus related AccountancyAge.com article: Shell fiasco haunts KPMG) read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Shell News Archive Tuesday 9 November, 2004

Nov 9th, 2004
by John Donovan.
No comments yet

From our Shell News Archive Tuesday 9 November, 2004

Financial Times: ‘Audit oil reserves’ investors tell Shell: “Two leading activist investors in Royal Dutch/Shell, the scandal-hit oil group, have called on the company to set an example to the industry by providing an annual reserves statement signed off by an external auditor.” (ShellNews.net) 9 Nov 04

THE WALL STREET JOURNAL: Calpers Pressures Oil Companies For Independent Reserves Audits: “Shell, in response to its energy-accounting scandal, now relies on outside contractors to help review its tally, though it hasn’t committed to a full-blown external reserves audit.” (ShellNews.net) 9 Nov 04 read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Shell News Archive Monday 8 November, 2004

Nov 8th, 2004
by John Donovan.
No comments yet

From Our Shell News Archive Monday 8 November, 2004

THE WALL STREET JOURNAL: THE JOURNAL REPORT: WOMEN TO WATCH: In Line to Lead: “9. Linda Cook: Executive Director, Gas and Power, Royal Dutch/Shell Group”: In May, the twin boards of Royal Dutch/Shell Group tapped Linda Cook to fill out the company’s top management team — decimated earlier in the year by forced exits in the wake of the company’s accounting scandal.”: “We know that reputation is not restored overnight, and it will only come through delivery of the commitments that we’ve made with respect to performance,” says the 46-year-old Ms. Cook.: “She served in Canada just one year, surviving an embarrassing reduction in estimated reserves at the unit’s once-promising gas fields off the coast of Nova Scotia. The reduction was unrelated to Shell’s groupwide reserve accounting scandal. (ShellNews.net) 8 Nov 04 read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Shell News Archive Sunday 7 November, 2004

Nov 7th, 2004
by John Donovan.
No comments yet

From our Shell News Archive for Sunday 7 November, 2004

San Francisco Chronicle: Foreign oil firms step up to train workers in Iraq: There’s no immediate payoff, but they’re thinking long term: “We are interested in building long-term relationships with Iraqis and establishing a material and enduring presence in Iraq,” Shell spokesman Simon Buerk said. (ShellNews.net) 7 Nov 04

Mail on Sunday (UK): Unilever plots £33bn colossus: “Two weeks ago, Royal Dutch and Shell Transport, which are separately listed in Amsterdam and London, announced they would merge to form a single company with a single management team under chief executive Jeroen van der Veer. Significantly, he is also a nonexecutive director at Unilever.”: “Unilever has not had the problems of Shell, but let’s hope it doesn’t come to that before the company decides to change and speed up its decision making processes.” (ShellNews.net) 7 Nov 04 read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Royal Dutch Shell News Saturday 6 November, 2004

Nov 6th, 2004
by John Donovan.
No comments yet

Royal Dutch Shell News Saturday 6 November, 2004

Yahoo News: Shell-led Sakhalin signs Tokyo Electric LNG deal: “TOKYO, (Reuters) – Tokyo Electric Power Co, Japan’s biggest utility, has signed a deal to buy 1.5 million tonnes a year of liquefied natural gas from a Shell-led project in Russia’s Far East…” (ShellNews.net) Posted 6 Nov 04

Yahoo News: Shell to invest 200 million US dollars in Brazil next year, denies planning to exit country: “In an interview with financial daily Valor Economico, Shell Brasil President Aldo Castelli said Brazil is a key market for the group and is part of the investment and growth strategy of Shell.” (ShellNews.net) Posted 6 Nov 04 read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Royal Dutch Shell News Friday 5 November, 2004

Nov 5th, 2004
by John Donovan.
No comments yet

 Royal Dutch Shell News Friday 5 November, 2004

Planet Ark: Gas remains centrepiece in Shell China strategy: BEIJING –“Royal Dutch/Shell Group aims to become a major supplier of liquefied natural gas to China and gain a foothold in the country’s booming oil refinery sector, a senior company official says.” (ShellNews.net) 5 Nov 04

CSNews: Shell Cuts Fuel Sales at 18 Ohio Stations: “Shell Oil has shut down gasoline sales at 18 Columbus-area stations operated by state Sen. Jeffrey Armbruster because of what it termed a “banking-related issue,” reported the Columbus Dispatch.” (ShellNews.net posted 5 Nov 04) read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Shell News Archive Thursday 4 November, 2004

Nov 4th, 2004
by John Donovan.
No comments yet

From our Shell News Archive Thursday 4 November, 2004

Newstatesmen 4 Nov 04: The business – Patrick Hosking on Shell’s move to the Netherlands: The London head office of the UK half of the business, Shell Transport & Trading, is being disbanded.”: “…London will become a mere branch. The company’s centre of gravity will shift further over the North Sea.”: “Last month, the company had to admit that it may have got its figures wrong for the fifth time in a year.”

BLOOMBERG: Shell, ChevronTexaco Are Accused of Fixing Gas Prices (Update1):  Shell Oil Co., ChevronTexaco Corp., and a unit of Saudi Aramco were sued by a group of gasoline dealers who claim the companies conspired to fix the price of fuel sold to about 20,000 service stations nationwide.”: “The suit in Manhattan federal court claims that in 1996, senior officers of Saudi Refining Inc., “Shell and Texaco met and entered into an agreement to raise, fix, peg and stabilize the price of motor fuel sold to Shell and Texaco dealers.” read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Shell News Archive Wednesday 3 November, 2004

Nov 3rd, 2004
by John Donovan.
No comments yet

Shell News Archive Wednesday 3 November, 2004

The Guardian: Companies’ ethical reports branded ineffective: “Jeroem van der Veer, Shell’s new chief executive, has no qualms about the current failings of most CSR reporting: “I still see too little willingness to talk about failures and too little input from credible, and sometimes critical, third parties”. It’s a moot point, and one that van der Veer is well placed to make after his company’s oil reserves crisis earlier this year.”

Yahoo.com: Malaysia Shell To Award MYR385M Gas Drilling Contracts: “KUALA LUMPUR (Dow Jones)–Shell Malaysia Wednesday confirmed it will award five contracts later in the day worth a total MYR385 million ($101 million) for the upgrading of drilling facilities at key gas production sites.” read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

From our Shell News Archive 2 November 2004

Nov 2nd, 2004
by John Donovan.
No comments yet

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 came one day after Nigeria’s unions called the Nov. 16 strike over rising fuel prices and promised to target Shell. Purvin & Gertz oil analyst Ken Miller said the potential loss of production in Nigeria, which pumps the light, sweet crude most desired by refiners, is “a real concern.” read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

From our Shell News Archive Monday 1 November 2004

Nov 1st, 2004
by John Donovan.
No comments yet

Monday 1 November, 2004

Compliance Reporter: Royal Dutch/Shell Merger Plan Called ‘Inadequate’: ““It is a timid, inadequate step forward,” said attorney William Lerach, who in June sued executives and board members of the firms, demanding that they be held accountable for the huge fines and excessive bonuses resulting from repeated fraudulent claims of the companies’ proven reserves.”: “They are proposing to go from a very bad, very dysfunctional corporate governance structure to a conventionally bad single corporate governance arrangement,” said Lerach.” read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.
Newer Posts →
Comment Rules

  • Please show respect to the opinions of others no matter how seemingly far-fetched.
  • Abusive, foul language, and/or divisive comments may be deleted without notice.
  • Each blog member is allowed limited comments, as displayed above the comment box.
  • Comments must be limited to the number of words displayed above the comment box.
  • Please limit one comment after any comment posted per post.