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Shell News Archive Friday, 7 January 2005

Jan 7th, 2005
by John Donovan.

Shell News Archive Friday, 7 January 2005

DAILY MAIL (UK): One year on and Shell is struggling towards a sea change: “Twelve months after the crisis began to unfold, Shell is at a crossroads. It has begun to take steps to rehabilitate itself with investors, but the jury is still out on whether it can restore its tarnished reputation. (ShellNews.net) 7 Jan 05

DAILY MAIL (UK): Bosses play snakes and ladders in the boardroom: “THE cataclysm at Shell has thrown up both winners and losers. The biggest loser is Sir Philip Watts, ousted as chairman last March.” (ShellNews.net) 7 Jan 04

edubourse.com: Shell – Disclosure following agreement of severance arrangements with Judy Boynton: “Ms Boynton will receive a total severance payment of $1,000,000” (ShellNews.net) 7 Jan 04

THE KANSAS CITY STAR: Shell settles Orange County lawsuit over MTBE contamination: “The settlement calls for Shell to pay $14.5 million to conduct tests to determine the amount of methyl tertiary-butyl ether, or MTBE, in the ground at 173 stations, county District Attorney Anthony Rackauckas said Thursday.”: “Shell also is required to pay whatever it costs to clean up the ground at gas stations where the leaks occurred, authorities said.” (ShellNews.net) 7 Jan 05

FINANCIAL TIMES: Conoco to cut estimate at key Canadian oil field: “…reflects the increasing sensitivity to regulatory scrutiny of reserves after the large cuts in reserve estimates made last year by Royal Dutch/Shell.” (ShellNews.net) 7 Jan 05

The Guardian (UK): Think small and save the world: “The foundation, an independent body with an endowment of $475m from Shell, thinks it has an answer: nurturing small enterprise in poor countries, thus providing a vital link between the market and the poor.”: “What’s in it for Shell?” (ShellNews.net) 7 Jan 05

THE LONDON TIMES: Need to Know: Global Business Briefing: “Royal Dutch/Shell, the Anglo-Dutch oil giant, has restored 22,000 barrels per day (bpd) of oil production in Nigeria…” (ShellNews.net) 7 Jan 05

BUSINESS TIMES (Malaysia): Petra Perdana secures deal to support Shell ops: “PETRA Perdana Bhd has secured a RM600 million contract to support Shell companies’ operations in waters off Sarawak and Sabah.” (ShellNews.net) 7 Jan 05

THE WALL STREET JOURNAL: Shell: 140,000 B/D Draugen Field May Shut Fri On Damage: “Royal Dutch/Shell’s (RD) 140,000 barrel Draugen field in the Norwegian Sea may be shut down Friday if continuing bad weather doesn’t allow necessary repairs to the platform, the company said Thursday.” (ShellNews.net) Posted 7 Jan 05

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Posted in: Oil, Royal Dutch Shell Plc, Shell Oil Reserves Scandal.

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