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February, 2005:

Shell News Sunday, 13 February 2005

Feb 13th, 2005
by John Donovan.
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Shell News Sunday, 13 February 2005

THE SUNDAY TELEGRAPH (UK): Shell needs to be more radical to save itself: “…severe crisis for much of the past year”: “Shell’s reserve replacement ratio is a pitiful 45 per cent to 55 per cent”: “…to fix its operational woes the oil giant may need a new, more radical boss, one who is brave enough to slim down the business and rebuild Shell from the bottom up.” (ShellNews.net) 13 Feb 05

The Observer (UK): Endangered whales put Shell pipeline at risk: “A $12 billion gas pipeline project in Russia’s Far East, crucial to the long-term finances of Royal Dutch Shell, is likely to be seriously jeopardised this week.” (ShellNews.net) 13 Feb 05 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 Saturday, 12 February 2005

Feb 12th, 2005
by John Donovan.
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Shell News Saturday, 12 February 2005

DAILY TELEGRAPH (UK): It will take another 30 years for the needle to sink to half empty, says Christopher Hope: “Last week Shell, which is already in hot water for managing to “lose” a third of its proven oil and gas last year, said it had only managed to find between 30pc and 40pc of the oil it had pumped in 2004.” (ShellNews.net) 12 Feb 05

Sharecast.com: Dividends: BP and Shell in focus: “Shell shares yield 3.5%, about the market average, compared with BP’s 2.8%. The reserves fiasco at Shell probably accounts for the gap.” (ShellNews.net) Posted 12 Feb 05 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 Friday, 11 February 2005

Feb 11th, 2005
by John Donovan.
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Shell News Friday, 11 February 2005

From May, all decisions will be taken by the company’s new board in The Hague, which has seven Dutch members and four Britons!

THE LONDON TIMES: Dual chairmanship goes as Unilever delays over merger: BOARDS SHOW DUTCH COURAGE: “Shell proposed the merger of its two joint venture units, Royal Dutch and the Shell Transport & Trading Company, in October last year, in the wake of its reserves scandal. From May, all decisions will be taken by the company’s new board in The Hague, which has seven Dutch members and four Britons.” (ShellNews.net) 11 Feb 05

FINANCIAL TIMES: Unilever hopes to drive a big push for sales and clarity: “Its corporate shake-up was not nearly as far-reaching as Shell’s… because its problems – a first-ever profits warning last year and a long period of dismal growth – were not on the scale of Shell’s reserves debacle.” (ShellNews.net) 11 Feb 05 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 Thursday, 10 February 2005

Feb 10th, 2005
by John Donovan.
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Shell News Thursday, 10 February 2005

Daily Telegraph (UK): Plain talk: when leadership fuels discontent: “Perceptions are the realities you and I live with, and if we think that management is not fit to lead, we just won’t follow them. That is what appears to be occurring at Shell.”: “”Without exception, every Shell person I have met recently has asked me if I am able to help them find something else. Others are leaving without even waiting to find another job. The people who are leaving are those who have the skills and knowledge to get Shell out of its current hole. This is undoubtedly a very serious issue.” “No kidding.”: “Shell’s chief executive Jeroen van der Veer does seem to realise that the company has problems his senior team needs to address. But it is a bit perplexing that last year he said that both his and Malcolm Brinded’s… “heads were on the block” because of the mess that Shell was in. They are both still there and the internal mess has not gone away.” (ShellNews.net) 10 Feb 05 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 Wednesday, 9 February 2005

Feb 9th, 2005
by John Donovan.
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Shell News Wednesday, 9 February 2005

MosNews.com (Russia): Russian Govt Accuses Shell of $2.5 bln Damage to State Interests: “The Royal Dutch/Shell group’s spokesman confirmed having received a notification of the report, but declined further comments.” (ShellNews.net) 9 Feb 05

THE WALL STREET JOURNAL: Shell: Cooperating In Full With Sakhalin-2 Russia Audit: “In a recent report, Russia’s State Audit Chamber, an oversight agency, said the country suffered $2.5 billion in damages from abiding by the terms of the production-sharing agreement for the oil and gas project located off Russia’s Pacific coast.” (ShellNews.net) 9 Feb 05 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 Tuesday, 8 February 2005

Feb 8th, 2005
by John Donovan.
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Shell News Tuesday, 8 February 2005

Suicidal Shell…”It looks like the Royal Dutch/Shell Group is committing suicide in slow motion.”

THE GLOBE & MAIL (CANADA): Suicidal Shell’s best hopes lie in slow-growth oil sands: “It looks like the Royal Dutch/Shell Group is committing suicide in slow motion. It vastly overestimated how much oil it has in the ground. It pumps more oil than it finds.” (ShellNews.net) 8 Feb 05

Citywire: Gifford sells BP for Shell: “F&C equity income fund manager Michael Gifford has sold out of oil giant BP in favour of Shell…” (ShellNews.net) 8 Feb 05

The Independent (UK): What will the rest of the world do if Saudi oil runs out early?: “Aramco… claims to be more open about reserves than many investor-owned companies. This claim seems more justifiable after the sequence of restatements of reserves by Shell, the Anglo-Dutch oil major, prompting it to have all its field data audited by outsiders.”: “Last year Shell replaced only half the oil that it pumped – perhaps the lowest replacement ratio in its history.” (ShellNews.net) 8 Feb 05 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 Monday, 7 February 2005

Feb 7th, 2005
by John Donovan.
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Shell News Monday, 7 February 2005

FINANCIAL TIMES: Rolls-Royce’s soaring shares under the spotlight: “While Shell warned that it only replaced between 15 and 25 per cent of the reserves it depleted last year, BP’s replacement ratio is expected to be more than 100 per cent.” (ShellNews.net) 7 Feb 05

THE LONDON TIMES: Oil giants train their sights on Huntsman stock market debut: “Shell is in talks with several potential buyers for Basell, the oil company’s joint venture with BASF, the German chemical conglomerate. A business with a history of losses…” (ShellNews.net) 7 Feb 05 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 Sunday, 6 February 2005

Feb 6th, 2005
by John Donovan.
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Shell News Sunday, 6 February 2005

SUNDAY TELEGRAPH (UK): Unity at last for Unilever as Burgmans becomes sole chairman: “Shell is to merge its UK and Dutch operating companies to create one company listed in the UK in the wake of a scandal involving overstatement of its reserves.” (ShellNews.net) 6 Feb 05

THE INDEPENDENT ON SUNDAY (UK): Postcards from the edge: oil giants go where the fires rage: Amid all the carping about the profits of Shell et al, the real issue is finding new reserves: “Accompanying Shell’s record results was the latest instalment in its reserves debacle. Despite having cut its proven reserves figure by more than a fifth last year, it wiped another 1.4 billion barrels off the figure last week. The Anglo-Dutch company warned that it had only replaced between 15 and 25 per cent of the oil it pumped last year.” (ShellNews.net) 6 Feb 05 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 Saturday, 5 February 2005

Feb 5th, 2005
by John Donovan.
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Shell News Saturday, 5 February 2005

FINANCIAL TIMES: Shell and BASF narrow down bidders: Shell has cut almost a third of its proved reserves. It received another blow to its corporate prestige yesterday after Standard & Poor’s downgraded its credit rating for the second time in a year. The agency cut the rating from AA+ to AA because of Shell’s continuing difficulty in replacing the oil and gas it extracts.” (ShellNews.net) 5 Feb 05

The Guardian (UK): What they said about … Shell’s profits: “The oil company’s profits were “obscene” said Clinton Manning in the Daily Mirror. “It’s enough to make your blood boil…” (ShellNews.net) 5 Feb 05 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 Friday, 4 February 2005

Feb 4th, 2005
by John Donovan.
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Shell News Friday, 4 February 2005

Yahoo News!: Shell Denies Any Knowledge of Kickbacks: “The Royal Dutch/Shell Group denied Friday that it had any knowledge of kickbacks paid by a Geneva-based middleman it used to buy oil from Iraq (news – web sites) under the U.N. oil-for-food program” (ShellNews.net) 4 Feb 05

Houston Business Journal: Royal Dutch/Shell suffers credit downgrade: “Standard & Poor’s Ratings Services said Friday it has lowered Royal Dutch/Shell’s corporate credit ratings to ‘AA’ from ‘AA+.’”: “S&P estimates that Shell’s proven reserves amounted to only some 12 billion barrels, or about 8.5 years of production, at the end of 2004, a level S&P said is “significantly below that of most oil companies globally.” (ShellNews.net) 4 Feb 05 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 Thursday, 3 February 2005

Feb 3rd, 2005
by John Donovan.
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Shell News Thursday, 3 February 2005

More Shell shock: Shell cuts reserves by another 10%

FINANCIAL TIMES: Lex live: Royal Dutch/Shell: “…has now downgraded more reserves than it falsely booked.”: “After Thursday’s larger-than-expected downward reserve adjustment of 1.4bn boe, the total cumulative reserve downgrade stands at 5.87bn boe.”: “Shell’s performance does not compare favourably with recent results from US rivals, such as ExxonMobil. Its management does not even appear to enjoy the confidence of its own workforce.” (ShellNews.net) 3 Feb 05

TimesOnline (UK): Shell’s tragic touch: “You can be sure of Shell. The company which made 20 per cent of its reserves disappear at a stroke, which made its chairman vanish and is about to turn two organisations into one, has weaved its spell again” (ShellNews.net) 3 Feb 05 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 Wednesday, 2 February 2005

Feb 2nd, 2005
by John Donovan.
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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 Royal Dutch/ Shell, still has to climb is underlined by a staff survey showing that less than half the company’s workforce believes it is well led.” (ShellNews.net) 2 Feb 05 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 Tuesday, 1 February 2005

Feb 1st, 2005
by John Donovan.
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Shell News Tuesday, 1 February 2005

FINANCIAL TIMES: Libyan PM wooing US oil companies: “Several big international companies including ExxonMobil, BP, Royal Dutch/Shell and Total, which had been operating in Libya during the 18 years of US economic sanctions against the North African country, did not win any licences under the latest auction.” (ShellNews.net) 1 Feb 05

Lloyds List: Shell joins Apache in Forties and Nelson: “SHELL and US oil firm Apache have signed up to jointly explore the offshore blocks between the Forties and Nelson platforms in the UK central North Sea.” (ShellNews.net) 1 Feb 05 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 HEADLINES Tuesday, 1 February 2005

Feb 1st, 2005
by John Donovan.
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SHELL NEWS HEADLINES Tuesday, 1 February 2005

FINANCIAL TIMES: Libyan PM wooing US oil companies: “Several big international companies including ExxonMobil, BP, Royal Dutch/Shell and Total, which had been operating in Libya during the 18 years of US economic sanctions against the North African country, did not win any licences under the latest auction.” (ShellNews.net) 1 Feb 05

Lloyds List: Shell joins Apache in Forties and Nelson: “SHELL and US oil firm Apache have signed up to jointly explore the offshore blocks between the Forties and Nelson platforms in the UK central North Sea.” (ShellNews.net) 1 Feb 05 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.
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