Royal Dutch Shell Plc  .com Rotating Header Image

Shell News Archive Thursday 16 December, 2004

Shell News Archive Thursday 16 December, 2004

Financial Times: Frank talk at Shell: “Shell needs to draw a line under the booking issue and move on to acquisitions that look its best chance of boosting depleted reserves. Unless it can do so honestly and swiftly, talk of it as a bid target may return.” (ShellNews.net) 16 Dec 04

allAfrica.com: Shell Discontinues Action Against Pengassan, Nupeng: “Shell Petroleum Development Company (SPDC), has withdrawn the two suits it filed at the Federal High Court, Lagos…” (ShellNews.net) 16 Dec 04

Los Angeles Times: Talks on Shell Refinery Sale Break Down: “Shell Oil Co. said Wednesday that talks with the leading bidder for its Bakersfield refinery broke down, reviving the prospect that the plant could shut down next spring and pinch the state’s tight gasoline market.” (ShellNews.net) 16 Dec 04

Financial Times: Shellshocked: “The first necessity for making deep-seated cultural change is realising that you really need to do so, and the message certainly seems to be getting through to the leadership of Royal Dutch/Shell.” (ShellNews.net) 16 Dec 04

PRNewswire: Corporate Generosity Provides Family First Christmas in New Home: “”The generosity shown by Shell and Motiva employees has overwhelmed Janie and Nelda,” said Houston Habitat President Laurence J. Payne.” (ShellNews.net) 16 Dec 04

THE TIMES: Need to Know: Global Business Briefing: “The Salym joint venture of Royal Dutch/Shell, the oil giant, said that it had pumped the first oil from a Siberian field a year ahead of schedule and expected total output to exceed one million barrels next year.” (ShellNews.net) 16 Dec 04

Financial Times: Shell chief says he’s under threat: Jeroen van der Veer, the chief executive of Royal Dutch/Shell, has admitted that his “head is on the block” unless the company gets to grips by the end of the year with the way in which it books its oil and gas reserves. In a private speech delivered to Shell’s 100 most senior executives in the Hague on Wednesday, Mr Van der Veer said the position of Malcolm Brinded, head of the Anglo-Dutch oil giant’s exploration and production division, was similarly under threat. (ShellNews.net) 16 Dec 04

Lloyds List: Oil majors square up for surge in exploration spending in 2005: “Outside North America, Royal Dutch/Shell will have the highest capital expenditure of all the oil majors. The survey estimates Shell has spent $9.35bn this year and will increase this by 3% to $9.67bn. The previously troubled oil group is battling to raise its booked oil and gas reserves by moving forward projects after having to face a scandal this year, lowering estimates of its reserves by a fifth and replacing senior management.” (ShellNews.net) Dec 16, 2004

THE WALL STREET JOURNAL: Shell: Nigeria Community Talks Ongoing; Oil Still Shut In: “Nigerian government officials and Kula community leaders continue talks to end an impasse that forced oil companies to shut in about 120,000 barrels a day of crude oil production, a spokesman for Royal Dutch/Shell Group’s (RD, SC) Nigerian unit said Wednesday.” (ShellNews.net) Posted 16 Dec 04

THE WALL STREET JOURNAL: Shell Couldn’t Reach Terms With Bidder For Refinery: “– Shell Oil said Wednesday it hadn’t reached terms with the leading bidder for its crude oil refinery in Bakersfield, Calif. But state officials are still committed to fostering a sale that will allow continued operation of the refinery.” (ShellNews.net) Posted 16 Dec 04

Yahoo! Business News: Shell Brand Expands in Tulsa, OK, With Conversion of More Than 30 Texaco Stations: Expansion in Oklahoma Market Part of Largest Re-Branding Effort in U.S. History (ShellNews.net) Posted 16 Dec 04

Russian Information Agency Novosti: SHELL’S RUSSIAN UNIT STARTS OIL EXTRACTION IN WESTERN SIBERIA ONE YEAR AHEAD OF SCHEDULE (ShellNews.net) Posted 16 Dec 04

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

0 Comments on “Shell News Archive Thursday 16 December, 2004”

Leave a Comment

%d bloggers like this: