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Shell News Tuesday, 18 January 2005

Shell News Tuesday, 18 January 2005

THE NEW YORK TIMES: Royal Dutch / Shell Seeks New Engineers: “The scandal cost the company almost $150 million in fines imposed by U.S. and British regulators and led to the sacking of three senior executives.” (ShellNews.net) 18 Jan 05

FORBES: Royal Dutch/Shell to Hire 1,000 Engineers: “The scandal cost the company almost US$150 million in fines imposed by U.S. and British regulators and led to the sacking of three senior executives.”: “Analysts are also waiting to discover whether Shell will reclassify its reserves for the fifth time since last January when it announces its annual results on Feb. 3.” (ShellNews.net) 18 Jan 05

Scotsman.com: Shell to Boost Technical Staff: “The move was disclosed in an internal newsletter and comes as investors wait to discover whether Shell will reclassify its reserves for the fifth time since last January.” (ShellNews.net) 18 Jan 05

Yahoo! News: Shell to recruit extra engineers to restore good name: report: “Shell is struggling to win back investors’ trust after admitting last year it had overstated its proven reserves by 23 percent, and that senior executives were aware of problems long before they were made public.” (ShellNews.net) 18 Jan 05

iwon.com: Shell US Appointment Latest Step To Rebuild Reputation: “Shell’s reputation nose-dived in the wake of its announcement one year ago that it was slashing its oil and gas reserves by more than one-fifth.” (ShellNews.net) 18 Jan 05

FINANCIAL TIMES: Shell jobs drive to restore name: “Royal Dutch/Shell is planning to hire more than 1,000 engineers for its core exploration and production business in a bid to restore the credibility of its oil and gas reserves accounting.”: “The move, disclosed in an internal newsletter, also appears to support the view of some people close to the company who believe technical shortcomings played a part in the scandal, as well as management failings. (ShellNews.net) 18 Jan 05

THE WALL STREET JOURNAL: Shell Canada Provides Fourth Quarter 2004 Interim Update (ShellNews.net) Posted 18 Jan 05

CBC News (Canada): Shell Canada taking $128M in Q4 charges (ShellNews.net) Posted 18 Jan 05

Yahoo! Business News: Japan’s Showa Shell 2005 pretax profit to fall 25 pct – report (ShellNews.net) 18 Jan 05

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