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ROYAL DUTCH SHELL NEWS HEADLINES JUNE 2005

ROYAL DUTCH SHELL PLC NEWS HEADLINES JUNE 2005

Wednesday, 1 June 2005

The Independent (UK): Shell opens talks about a return to Nigeria’s troubled Ogoni region: “More than 12 years since it fled the Nigerian region of Ogoni in fear at the growing violence towards its operations from the local population, oil giant Shell has reopened talks with the people of the Ogoni about a possible return.”: “The conflict reached one of its darkest moments in 1995, when Ken Saro Wiwa, who led Mosop, was executed by the military dictatorship. (ShellNews.net) 1 June 05

BLOOMBERG: Oil Rises to 3-Week High After Shell Shuts Texas Refinery Units (ShellNews.net) 1 June 04

THE TIMES (UK): Need to Know: “PAI, the French private equity group, has reportedly joined the list of potential bidders for the liquefied petroleum gas distribution and marketing business of Royal Dutch/Shell, the Anglo-Dutch oil major.” (ShellNews.net) June 01, 2005

Financial Times: Citigroup faces record FSA fine: “The FSA’s biggest fine to date was the £17m ($31m) it levied on Royal Dutch/Shell last year for irregularities in its oil and gas reserves reporting.” (ShellNews.net) 1 June 05

OilOnline.com: Sakhalin II Project announces new Japanese sales agreement (ShellNews.net) Posted 1 June 05

Financial Times: Repsol to spend €21bn to help boost reserves: “The company has also expressed interest in Royal Dutch/Shell’s liquefied petroleum gas (LPG) business.” (ShellNews.net) 1 June 05

Business News Americas; Tax authority to fine Shell, Harvest and Eni this week – Venezuela: “- Venezuela’s tax office Seniat will notify Anglo-Dutch company Shell, US company Harvest Vinccler and Italy’s Eni this week of fines corresponding to unpaid taxes…” (ShellNews.net) Posted 1 June 05

Thursday, 2 June 2005

The Wall Street Journal: Shell wages legal fight over web domain name: “Later this summer, oil giant Royal Dutch/Shell Group is expected to merge its two parent companies, creating a new corporate entity: Royal Dutch Shell PLC. But go to www.royaldutchshellplc.com and you will find a crude Web site in garish colors where Alfred Donovan, an 88-year-old British army veteran, posts dozens of media reports and commentary, most of it negative, about Shell and the accounting scandal that plagued it last year. Just after Shell unveiled the name of the new entity last October, Mr. Donovan — who has had frequent legal battles with Shell — snapped up the rights to the Web site.”  (ShellNews.net) 2 June 05

ShellNews.net: HUGE Embarrassment for Shell on the eve of the dual AGM’s proposing a unified company worth more than $200 billion (see above WALL STREET JOURNAL ARTICLE): EXTRAORDINARY STATEMENT MADE TO THE WORLD INTELLECTUAL PROPERTY ORGANISATION ABOUT ShellNews.net AND ITS OWNER ALFRED DONOVAN (THE RESPONDENT) BY SHELL INTERNATIONAL PETROLEUM COMPANY LIMITED (THE COMPLAINANT) ON 18 MAY 2005: 2 JUNE 05

Reuters: NIGERIA: Obasanjo appoints independent mediators to reconcile Shell and local Ogoni community: “Angry and violent Ogoni protests inspired by the campaigns of MOSOP under the leadership of writer Ken Saro-Wiwa, forced Shell to shut down its oil wells in Ogoniland, in January 1993. The wells had produced 28,000 barrels of crude a day.” (ShellNews.net) Posted 2 June 05

Mayo News Online (Ireland) : Shell bring conflict of interest to attention of the Minister (ShellNews.net) Posted 2 June 05

West Lothian Courier (Scotland): Shell warned of G8 protest risk (ShellNews.net) Posted 2 June 05

Yahoo Business News: Shell Solar Provides Solar Electric System to the People of San Francisco; Exhibition and Dedication to Be Held at the California Tomorrow Festival (ShellNews.net) Posted 2 June 05

Friday, 3 June 2005

The Australian: Shell’s all at sea from outages after delaying refinery overhaul (ShellNews.net) 3 June 05

allAfrica.com: 13 Host Communities Issue Stop Work Notice to Shell: “”Our communities are tired of Shell’s failed promises and corporate irresponsibility.” (ShellNews.net) 3 June 05

Media Week: WPP scoops Shell global media account: “WPP’s MediaCom and Maxus have been selected to run the consolidated global media account for UK-based oil giant Shell, believed to be worth around £130m a year.” (ShellNews.net) Posted 3 June 05

THE WALL STREET JOURNAL: Repsol, CVC to Jointly Bid For Shell’s LPG Assets: “Repsol YPF SA signed an agreement with British private equity firm CVC Capital Partners Ltd. to bid around €2.5 billion ($3.05 billion) for Royal Dutch/Shell Group’s liquefied-petroleum-gas distribution and marketing business, a Repsol official said Thursday.” (ShellNews.net) Posted 3 June 05

Lloyds List: Shell’s Nuon win Dutch windfarm deal: “Shell and Nuon will spend € 200m to install the wind turbines and subsea cables starting in the fourth quarter of this year and continuing into the autumn of 2006.” (ShellNews.net) Posted 3 June 05

Friday, 3 June 2005

Asia Pulse: COLES MYER INTRODUCES NEW CUSTOMER LOYALTY LURE: “Customers that have the Coles Myer Source MasterCard will be able to receive a six cents per litre discount on fuel purchased at Shell petrol stations.” (ShellNews.net) 3 June 05

THE TIMES: Need to Know: Global Business Briefing: “CVC Capital Partners, the British private equity firm, will join Repsol, the Spanish oil and gas group, in the bidding for Royal Dutch/Shell’s liquefied petroleum gas business.” (ShellNews.net) 3 June 05

THE WALL STREET JOURNAL: Knight Aims Lance at Suez: “Under pressure from him and other shareholders, Shell agreed to merge its Dutch and British holding companies and adopt a single board.” (ShellNews.net) 3 June 05

China View: Shell confident on China deal (ShellNews.net) 3 June 05

BLOOMBERG: Shell May Expand Russian LNG Plant as Asian Sales Accumulate (ShellNews.net) 3 June 05

The Australian: Shell’s all at sea from outages after delaying refinery overhaul (ShellNews.net) 3 June 05

allAfrica.com: 13 Host Communities Issue Stop Work Notice to Shell: “”Our communities are tired of Shell’s failed promises and corporate irresponsibility.” (ShellNews.net) 3 June 05

Media Week: WPP scoops Shell global media account: “WPP’s MediaCom and Maxus have been selected to run the consolidated global media account for UK-based oil giant Shell, believed to be worth around £130m a year.” (ShellNews.net) Posted 3 June 05

THE WALL STREET JOURNAL: Repsol, CVC to Jointly Bid For Shell’s LPG Assets: “Repsol YPF SA signed an agreement with British private equity firm CVC Capital Partners Ltd. to bid around €2.5 billion ($3.05 billion) for Royal Dutch/Shell Group’s liquefied-petroleum-gas distribution and marketing business, a Repsol official said Thursday.” (ShellNews.net) Posted 3 June 05

Lloyds List: Shell’s Nuon win Dutch windfarm deal: “Shell and Nuon will spend € 200m to install the wind turbines and subsea cables starting in the fourth quarter of this year and continuing into the autumn of 2006.” (ShellNews.net) Posted 3 June 05

Saturday, 4 June 2005

Daily Telegraph (UK): Shell admits rump of stock could trade with new shares: “Shell has pledged to reform its 100-year-old dual Anglo-Dutch structure in the wake of its shock admission that it had overstated its proven oil and gas reserves by 25pc.” (ShellNews.net) 4 June 05

Daily Telegraph (UK): Dutch are ready if push comes to squeeze: “Royal Dutch needs holders of 95pc of its shares to agree to complete the merger with Shell Transport & Trading, which is a tall order for such a widely held stock.” (ShellNews.net) 4 June 05

Daily Telegraph (UK): Shake-up at Shell: what shareholders need to know: “Shell, the Anglo-Dutch oil and gas giant, is only just emerging from its annus horribilis of 2004 when it revealed it had over-estimated its proven oil and gas by over a quarter. The shock waves are still being felt, with Shell admitting it will be a few years before it finds more oil and gas than it pulls out of the ground.” (ShellNews.net) 4 June 05

Gulf Times (Qatar): Shell plans to expand Russian LNG plant as Asian demand grows (ShellNews.net) 4 June 05

Financial Times: Mudlark: Does UK chairman face a Shell ‘nee’? “Since Shell has committed itself to selecting an external candidate, logic might argue that the lucky man or woman should get a bit of a run-in before taking the hot seat. Shareholders might also appreciate a glimpse of the future team before they vote on June 28.” (ShellNews.net) Posted 4 June 05

Financial Times: Shareholders may face big CGT charges: “The planned unification into a single parent company of shares in Shell Transport & Trading and Royal Dutch Petroleum, the London and Netherlands arms of the global oil group, is raising concerns with some UK investors.” (ShellNews.net) Posted 4 June 05

The Guardian (UK): Shell airlift after bacteria scare: “Fifteen Shell workers on the Clipper gas platform, off the coast of Norfolk have been airlifted off…” (ShellNews.net) 4 June 05

The Australian Financial Review (abstracts): Shell gets off to a good start (ShellNews.net) 4 June 05

ConsumerAffairs.com: Archive Article: Shell & Castrol Settle FTC Charges: “Shell is alleged to have provided its trade customers, like Castrol, with allegedly deceptive advertising and promotional materials, and to have made allegedly false or misleading representations about tests it conducted on its VEKTRON™ 3000 fuel additives. Based on these actions, Shell is charged with providing the “means and instrumentalities” to its trade customers to deceive the public.” (ShellNews.net) Posted 4 June 05 (Story from 1999 kindly drawn to our attention)

Sunday, 5 June 2005

The Independent On Sunday (UK): George Charters: You only go to spend a penny. But he’s trying to get you to spend a bit more: “The only thing that isn’t at high- street prices now is the petrol, which can be as much as 8p a litre more than you’d pay at your local forecourt. Charters says this is not of his doing: he has a deal with BP and Shell, which set the charges.” (ShellNews.net) 5 June 05

The Scotsman: Shell Out to Help Africa, Brown Tells Oil Giants (ShellNews.net) 5 June 05

MyWestTexas.com: Hydrogen fuel cell future drives into the big apple: “According to Jeremy Bentham, Shell Hydrogen’s CEO, “The only way the hydrogen economy will be realized is having not only fuel cell vehicles, but also convenient places to refuel and local communities that will support this transition to a new energy source. We’re proud to be leading this effort in partnership with GM…” (ShellNews.net) 5 June 05

Monday, 6 June 2005

Financial Times: Lex live: Royal Dutch/Shell: “Unfortunately, even if it is prepared to pay the price, there is no quick fix for Shell.” (ShellNews.net) 6 June 05

ShellNews.net: Speculation of a Shell/BP Merger? 6 June 05

THE TIMES (UK): Tycoons plan Shell forecourt sell-off: “A PARTNERSHIP of millionaire brothers is poised to put 180 UK Shell petrol stations up for sale, with an expected value of more than £400 million, The Times has learnt.” (ShellNews.net) 6 June 05

Interactive Investor: FRANKFURT (AFX) – Royal Dutch/Shell’s planned restructuring should make it easier for the oil company to participate in large-scale mergers… (ShellNews.net) 6 June 05

BLOOMBERG: Korea Gas, Asian Utilities May Pay More for Gas on U.S. Demand: “Royal Dutch/Shell Group, Europe’s second-biggest oil company, agreed to export more than $10 billion of LNG over two decades from the proposed Gorgon project in Australia to a terminal being built in Mexico.” (ShellNews.net) 6 June 05

The Guardian (UK): Only job-creating businesses can really make poverty history: By Kurt Hoffman… “director of the Shell Foundation”.  (ShellNews.net) 6 June 05

This just in from The Times newspaper… Tuesday 7 June 2005: Shell focus switches to security: “SECURITY threats are to supplant technological advances as the key consideration driving strategy in Royal Dutch Shell over the next 20 years.” Read the article

This is just in from The Financial Times… Tuesday 7 June 2005: Papering the cracks: “…Shell does not have a credible acquisition track record…” Read the article

This is just in from the Daily Telegraph newspaper: Shell’s slimmer structure ‘will open the door to acquisitions’: 7 June 05 Read the article

This just in from The Independent: Shell predicts two decades of rising energy prices: 7 June 05 Read the article

Just in from the New Zealand Herald: High Court rejects Todd Petroleum’s arguments on pipeline access: “The score is one-all between heavyweight energy players Shell New Zealand and Todd Petroleum…”: 7 June 05 Read the article

From the Financial Express India: Shell studying retail network viability: 7 June 05 Read the article

BLOOMBERG: Shell, E.ON Plan World’s Largest Wind Farm in U.K. (Update4): “The U.K., the windiest country in Europe, wants 10 percent of its power to come from renewable sources by 2010…”: 7 June 05 Read the article

From the pages of the Financial Times, Wednesday 8 June 2005: Shell to bring JJ into the tent: JJ Traynor: “Traynor was dismissed by Deutsche Bank in January as part of the closure of its Edinburgh office”: “…he is recalled as having given Shell the benefit of the doubt until the reserves debacle was revealed”: Read the article

From the Financial Times, Wednesday 8 June 2005: Biggest wind farm could power one in four London homes: “Shell expected gaining planning permission to take between a year and 18 months. The wind farm, which would cost £1.5bn, could be completed by 2011.”: Read the article

From the Financial Times: Oil nationalism: “This “reaffirmation of the coercive power of the state” – as Shell puts it in a report this week – is rapidly turning into a headache for international companies.”: Wednesday 8 June 2005: Read the article

From The Hindu (India): Shell denies slowdown in setting up outlets: “Denying a slowdown in the process of creating the network of outlets, senior executives of Shell India Marketing, led by its managing director Shairan Huzani Husain, told presspersons here on Monday that the company still adhered to the targets set.”: Wednesday 8 June 2005: Read the article

Latest from the Jackson Hole Star-Tribune: Shell donates $2 million: “Shell, an operator in the natural gas-rich Pinedale Anticline fields, created the endowment as a way to help Upper Green River Valley communities…” Wednesday, 8 June 2005: Read the article

From today’s pages of The Independent: World’s biggest wind farm planned for London: “The proposals were submitted by a consortium formed by the energy companies, Shell, E.On Renewables and an Anglo-Danish company, Core.”: 8 June 2005: Read the article

From today’s pages of The Independent: Shellshock on the island terrified by oil giant’s pipeline: 8 June 2005: Read the article

From Forbes: Oil Stocks? Still? “Royal Dutch/Shell Group is infamous for the scandal of its overstated reserves, resulting in a management ouster. The chastened company has since cut reported reserves by 25%.” Posted 8 June 2005: Read the article

Latest from AFX Europe (Focus): Australia’s North-West Shelf gas project 2 bln aud expansion approved – report: “The newspaper said the decision by the North West Shelf operator Woodside, about one-third owned by Shell, and its five partners to proceed with the fifth gas processing unit will lift capacity by 25 pct.”: 9 June 2005: Read the article

From the Daily Telegraph: Tilting at wind power: “The £1.5billion London Array project, off the Essex coast, is the finest flowering of this policy, with backers Shell and E.On claiming that its 270 windmills could power a quarter of London’s homes. They were less keen to talk about the economics…”: 9 June 2005: Read the article

From today’s pages of The Guardian: Plastic plant gives BP a way in to Saudi Arabia: “But BP’s two main competitors, Shell and ExxonMobil, have had much stronger historical ties with Saudi Arabia. Shell has a substantial petrochemical joint venture at Jubail…”: 9 June 2005: Read the Article

Just in from the Houston Chronicle: Shell unveils reserves rules for SEC compliance: “Today Royal Dutch/Shell Group published new internal rules on booking oil reserves that were revised to meet U.S. regulatory guidelines and help put behind it a scandal that unfolded last year”: “…the company is still the target of related class-action lawsuits in the United States.”: 9 June 2005: Read the article

From THE WALL STREET JOURNAL: Shell Adopts New Rules On ‘Proven’ Oil Reserves: “Royal Dutch/Shell Group Thursday published new internal rules on booking oil reserves that were revised to meet U.S. regulatory guidelines and help put behind it a scandal that unfolded last year”: 9 June 2005: Read the Article

Important story from The Guardian (UK): A noose, not a bracelet: Africa is a rich continent made poor by rapacious western corporations. G8 leaders must be forced to deliver justice: “The Movement for the Survival of the Ogoni People demanded that Shell compensate the people from whose land it had pumped roughly $30bn worth of oil since the 1950s.”: “Ten years later, 70% of Nigerians still live on less than $1 a day and Shell is still making superprofits.”: “Before his state-ordered hanging, Saro-Wiwa told the tribunal: “I and my colleagues are not the only ones on trial. Shell is here on trial … The company has, indeed, ducked this particular trial, but its day will surely come.” 10 June 2005: Read the article

ShellNews.net: Royal Dutch Shell plc: Far from a fresh start for Shell: 10 June 2005: Read the article

Royal Dutch Shell News!: from Canadian Press: No drop dead date for Mackenzie pipeline, says Shell’s Clive Mather: “Shell Canada Ltd. is still committed to proceeding with the $7-billion Mackenzie Valley natural gas pipeline in the Northwest Territories…”: Posted 10 June 05: Read the article

From The Herald (Scotland): Chastened Shell sets out latest guidelines on oil reserves: “Shell stunned world financial markets in January 2004 when it slashed proven oil and gas reserves, or oil still in the ground, by 20%, the equivalent of 3.9 billion barrels. Further, smaller disclosures followed along with the revelation that the group’s former management had known about the vast overbooking and lied to cover it up.”: 10 June 2005: Read the article

Just in from MosNews, Friday 10 June 2005 (Russia): Gazprom Reaches Agreement With Shell to Take Part in Sakhalin-2:  Read the article

BigOil.net: Netherlands/UK: Royal Dutch Shell disputes domain name: “Shell hopes that Donovan will be banned from using the domain name.”: Posted 10 June 2005: Read the article

Daily Telegraph (UK): Fat cats are thinner by a whisker: “Finally it is worth mentioning some of the fat cats who prospered and departed this year, and who will no longer muddy their paws in our table. Top of these is Sir Philip Watts, latterly of Shell, whose pension pot expanded by another £2.6m last year to a total of £12.6m despite his leaving the company in March. That will net him £600,000 a year for life to go with his £1m golden goodbye. Another reward for failure went to…”: Saturday 11 June 2005: Read the article

Financial Times: Movers and shakers: “ExxonMobil only just fell short of unseating General Electric as the world’s largest company, and there were significant advances up the table for BP, Total, ChevronTexaco, Eni, ConocoPhillips and Royal Dutch/Shell. The latter rose from 13th to seventh place, despite management changes in the wake of its overstatement of oil reserves.”: Saturday 11 June 2005: Read the article
 
The Independent (UK): Professional Investor: Too much concentration could give you a headache: “At present Shell, the Anglo-Dutch oil group, has a stock-market quotation in both London and Amsterdam. But Shell has plans to consolidate…”: Saturday 11 June 2005: Read the article
 
The Guardian (UK): The six smart things to do this summer: “Business Bridge, London First and Step (Shell Technology Enterprise Programme) are just some of the organisations doing their bit for the student population.”: Saturday June 11, 2005: Read the article

From the pages of today’s SUNDAY TELEGRAPH (UK): Shell chief defiantly upbeat about future of the oil sector: “Jeroen van der Veer, the chief executive of Royal Dutch/Shell, the oil giant, will launch a robust defence of the future prospects of the industry tomorrow…”: “Shell was last year forced to cut its proven oil and gas reserves. The crisis prompted the departure of former chairman Sir Philip Watts and led to the historic decision to merge its two operating companies.”: Sunday 12 June 2005: Read the article

More from today’s SUNDAY TELEGRAPH (UK): Shell’s suit: Shell chief upbeat about future: “And then along came the accounting scandals of Enron and its ilk (err … such as Shell’s inflation of its reserves) and the brutal terrorist atrocities in the US and Spain.”: Sunday 12 June 2005: Read the article

Latest breaking news from The Observer (UK: Overweight in London? How to slim down: “When Royal Dutch Shell moves its full listing to London in the summer, the weighting of the top 10 will have jumped to more than 41 per cent…”: Sunday 12 June 2005: Read the article

From THE SUNDAY TIMES (UK): High oil prices ‘for 20 years’: “THE price of oil could remain above $40 a barrel for the next 20 years, according to senior executives at Shell.”: June 12, 2005: Read the article

Another story from pages of THE SUNDAY TIMES (UK): Farmers try to halt Mayo gas pipeline: “MAYO farmers have formed an unusual alliance with left-wing activists in a bid to obstruct the construction of Shell’s Corrib gas pipeline.”: June 12, 2005: Read the article

Manila Bulletin (Philippines): Shell to open first CNG facility: “Pilipinas Shell Petroleum Corp. is scheduled to open today the country’s first ever compressed natural gas (CNG) mother refuelling station…”: Sunday 12 June 2005: Read the article

From THE SUNDAY TELEGRAPH (UK): Shareholders in last-ditch fight with Shell: 12 June 2005: Read the article

From The Observer (UK): It just won’t work: By Ken Wiwa: “It will be 10 years in November since my father was murdered for daring to expose the complicity between Shell and the Nigerian military dictatorship to exploit the oil reserves of my Ogoni community.”: “Only last year, Shell admitted putting a false prospectus to investors…“: Posted Monday, 13 June 2005: Read the article

THE WALL STREET JOURNAL: North West Shelf Slated to Undergo LNG Expansion: “Shelf operator Woodside is expanding LNG exports as demand for the fuel rises in traditional markets such as Japan and South Korea…: Monday 13 June 2005: Read the article

Just in from AME Info (United Arab Emirates): Mubadala Development and Shell sign MOU: “The agreement was signed by His Excellency Khaldoon Khalifa Al Mubarak, Chief Executive Officer, Mubadala Development, and Malcolm Brinded, Executive Director of Shell Exploration & Production.” Monday 13 June 2005: Read the article

From the Financial Times: Investors warned over cost of greenhouse gas: “The UK’s biggest emitters of greenhouse gases are revealed this week…”: “Shell, the oil producer, is responsible for 23 per cent of emissions of the FTSE 100…: Monday, 13 June 2005: Read the article

allAfrica.com: Shell Announces Scholarship Winners: “About one thousand students from Nigerian universities and host communities will be awarded the Shell Petroleum Development Company of Nigeria scholarships for the entire duration of their courses.” Posted Tuesday 14 June 2005: Read the article

Just in from the pages of THE NEW YORK TIMES: STRONG DEMAND LIMITS OPECS LEEWAY: “Senior executives at two companies, Royal Dutch/Shell and BP, recently said they expected oil prices to remain at or around $40 a barrel for at least the next several years. Forecasters at Shell went even further this month, discussing the possibility of governments of oil-rich countries becoming more aggressive over the next two decades in their dealings with private companies.” Tuesday 14 June 2005: Read the article

The Guardian (UK): LETTERS: “Naomi Klein (A noose, not a bracelet, June 10) asks “how about if Africa’s oil wealth was used to save Africa?”. The article repeats the commonly held view that Shell pumps out the oil and exports the profits and Nigeria gets a poor deal. Readers of the Guardian deserve a more honest picture.” 14 June 2005: Read the letter

The Jakarta Post: Shell hopes Brunei, Malaysia, Indonesia resolve maritime disputes soon: “Royal Dutch/Shell said on Tuesday it hopes territorial disputes over oil-rich maritime areas involving three Southeast Asian countries will be resolved quickly to enable exploration to go ahead: 14 June 2005: Read the article

Lloyds List: Shell takes three-year extension on Maersk Curlew contract: “SHELL is making a commercial commitment to develop more of the fields surrounding the Maersk Curlew production ship after extending its lease for another three years.” Tuesday 14 June 2005: Read the article

From today’s pages of THE WALL STREET JOURNAL: Digging In Exxon Chief Makes A Cold Calculation On Global Warming: “Oil giants such as BP PLC and Royal Dutch/Shell Group are trumpeting a better-safe-than-sorry approach to global warming. They accept a growing scientific consensus that fossil fuels are a main contributor to the problem and endorse the 1997 Kyoto Protocol, which caps emissions from developed nations that have ratified it. BP and Shell also have begun to invest in alternatives to fossil fuels. Not Exxon.”: 14 June 2005: Read the article

Yahoo Business News: Shell Malaysia: Refining Margin To Stay Strong Near Term: “sweet and sour crude…”: Tuesday 14 June 2005: Read the article

From today’s pages of the Financial Times: Lex: Oil prices: “On Monday, Jeroen van der Veer, Royal Dutch/Shell chief executive, said sustained heavy investment in costly projects would require higher long-term prices than in recent years.”: Wednesday 15 June 2005: Read the article

AFX Europe (Focus): Exxon Mobil-led jv to develop Australia’s Kipper offshore gas field:  “Esso is the project operator, with an 32.5 pct interest under a revised equity agreement. BHP Billiton also holds 32.5 pct, while Woodside Petroleum Ltd, which is about one-third owned by Shell, has 21 pct and Santos Ltd 14 pct.” Jun 15, 2005: Read the article

In from The Guardian (UK): ‘The boat is sinking’:  I suggest to Oxburgh that there is a certain inconsistency to his position. He heads one of the biggest petrochemical multinationals in the world; a multinational, moreover, whose recent track record includes an attempt to scupper the decommissioned Brent Spar oil platform; a series of North Sea gas leaks; struggles in the Niger Delta with the Ogoni tribe, who believe Shell’s riches are being acquired at their expense; failure to halt the execution by the Nigerian government of Ken Saro-Wiwa, who campaigned for the Ogoni; oil spills and ground-level flaring in the Delta.”: “And then there was the unfortunate moment last year when Shell announced it was downgrading the size of its oil reserves…” : 15 June 2005: Read the article

ShellNews.net: Shell whistleblower, Dr John Huong, a Shell geologist of almost 30 years standing faces Shell in court today in his action for wrongful dismissal against his former employer: 15 June 2005: Read the article

From the Malaysia Star: Shell to open more petrol stations: “SHELL Malaysia plans to invest RM150mil to open 15 new petrol stations and upgrade the existing 830 outlets nationwide, said managing director Mohzani Wahab.” Wednesday 15 June 2005: Read the article

THE WALL STREET JOURNAL: Utilities Love? More Mergers May Be Near: “Oil companies would be possible players, as well, because they are looking for ways to move trapped natural gas to lucrative markets elsewhere. Chevron Corp., Exxon Mobil Corp. and Shell Oil Co. are sitting on big cash troves.”: Posted 16 June 2005:Read the article

In from CNN.com: Shell workers kidnapped in Nigeria: “LAGOS, Nigeria (CNN) — Six employees of a Shell contractor were kidnapped Wednesday in southern Nigeria, a spokesman for Shell in London said.”: 16 June 2005: Read the article

From today’s Irish Times: Oil exploration is a tale of woe for ethnic minority: “Shell is the worst of the oil companies that operate in the Delta, as far as the devastation of the environment is concerned. Shell takes the cake.”: 16 June 2005; Read the article: Read the article

From the pages of THE NEW YORK TIMES: Nigeria Moves to Free Abducted German Oil Workers: “Many communities in the impoverished wetlands believe they are not getting a fair share of the huge riches being extracted from their tribal lands.” Posted 17 June 2005: Read the article

THE NEW YORK TIMES: Shell: Hostage – Takers Are Demanding Jobs: “Gunmen who seized two German and four Nigerian oil workers are demanding petroleum giant Royal Dutch/Shell honor promises of jobs and benefits in the oil-rich south, a company spokesman said Thursday: Posted 17 June 2005: Read the article

THE TIMES (UK): Citigroup faces record FSA fine for bond deal: “The biggest fine to date imposed by the FSA was the £17 million levied against Royal Dutch/Shell, the oil company, last year for irregularities in its oil and gas reserves reporting.”: Posted 17 June 2005: Read the article

Mainstream Publishing: Shell Shock – The Secrets and Spin of an Oil Giant: “The financial wires and reporting services went into meltdown. In banks, boardrooms, newsrooms, bourses, investment offices and oil ministries across the world, there was incredulity and disbelief. Careful, ultra-conservative, Calvinist Royal Dutch/Shell caught by its own admission massaging the numbers? And by almost four billion barrels? Posted Saturday 18 June 2005: Read the article

Irish Times: Corrib work by Shell suspended after protests: “Shell E&P Ireland has suspended further attempts to gain access to lands in north Mayo for its Corrib gas field onshore pipeline, following protests this week by a group of landowners. The multinational said it was considering “the options open”, including possible further recourse to the courts.”: Posted Saturday 18 June 2005 Read the article

Petroleum News: Shell Canada CEO not spooked, not panicked: Posted Saturday 18 June 2005: Read the article

From the pages of today’s Guardian (UK): Citigroup braced for record fine: “It might even top the record-breaking £17m slapped on oil company Shell last year.”: Saturday 18 June 2005 Read the article

ABC News Australia: Shell, Qld Govt forge ‘clean coal’ research partnership: “The Queensland Government has formed a research alliance with global oil giant Shell to develop clean coal technology and power.”: Saturday 18 June 2005: Read the article

THE SUNDAY TIMES (UK): Trackers look top-heavy as Shell doubles up: “Royal Dutch/Shell, which is listed on the Dutch and UK stock exchanges, will seek shareholder approval later this month to list solely in London.”: 19 June 2005: Read the article

THE SUNDAY TIMES (UK): High oil prices are here to stay: 19 June 2005: Read the article

The Observer (UK): No Brits, Dutch or Yanks – we’re Shell: “Who will become permanent chairman of Shell, the Anglo-Dutch oil giant fallen on hard times?”: Read the article

The Observer (UK): EBRD freezes Shell Sakhalin loan: “The European Bank for Reconstruction and Development is refusing to fund Shell’s vital $12 billion Sakhalin-2 oil and gas project off the east coast of Russia until problems with the environmental impact of the pipeline’s construction are resolved. The news is a serious blow to Shell…”: Sunday 19 June 2005: Read the article

The Observer (UK): Fiddling as the planet burns: There is nothing left to debate about climate change. It is happening and each of us must act: Sunday 19 June 2005: Read the article

Breaking news from AP Worldstream: Report: Helicopter carrying Shell employees crashes in sea, all 13 on board survive: “The Super Puma EC225 helicopter, with two pilots and 11 Shell Malaysia employees aboard, went down Saturday…”: Read the article

Bloomberg: Shell-Oman Venture Boosts Oil Reserves, Slows Field Decline: “Shell, based in London and The Hague, is seeking new fields after disclosing in January 2004 that it overstated oil and gas reserves for years, which led to the departure of three senior executives, more than a dozen investor lawsuits and a U.S. Justice Department criminal probe. Last month, Shell lost a $2 billion oil field project to Occidental Petroleum Corp…”: Sunday 19 June 2005: Read the article

THE NEW YORK TIMES: Two German, Four Nigerian Hostages Freed in Nigeria: Posted 19 June 2005: Read the article

AP Worldstream: Nigerian militants release kidnapped German, Nigerian oil workers: Posted 19 June 2005: Read the article

*EMAIL FROM DISGRUNTLED FORMER SHELL EMPLOYEE JOSEPH MURIUKI TO SHELL KENYA COUNTRY CHAIRMAN, ENG. PATRICK OBATH: HEARTIEST & WARMEST CONGRATULATIONS… Posted Monday 20 June 2005: Read the email

News in from the Malaysia Star: Shell: Pilots acted heroically: “Chadwick said comprehensive tests would be done to ensure the two copters were in good condition.”: Monday 20 June 2005: Read the article

From the Houston Chronicle: $60 oil could be just around the corner: Refinery outage in Deer Park and threats in Nigeria mean record price: Posted Monday 20 June 2005: Read the article

From the pages of today’s NEW YORK TIMES: Crude Oil Surges to Record $59.18: “…crude’s rise was partly a reaction to the kidnapping of two German and four Nigerian Shell subcontractors who had been seized by gunmen on Wednesday. They were released Saturday.”: Monday 20 June 2005: Read the article

Friends of the Earth: Communities Sue Shell to Stop Nigerian Gas Flaring: Posted 21 June 2005: Read the article

From the pages of THE TIMES (City diary): Hostile domain: “ROYAL DUTCH/SHELL is locked in a dispute with an 88-year-old war veteran who saw action in the Burma campaign and now runs a website, http://royaldutchshellplc.com, that publishes material critical of the oil company.”: Tuesday 21 June 2005: Read the article

ShellNews.net: RESPONSE BY ALFRED DONOVAN TO THE TIMES ARTICLE OF 21 JUNE 2005: Read the article

Irish Times: Locals will go to jail over gas pipeline: “A group of landowners in north Mayo has vowed to go to jail rather than let Shell E&P Ireland build an onshore pipeline for its Corrib gas field through their properties. The group, which has defied a High Court injunction prohibiting it from interfering with the company’s preparatory work for the pipeline, came to Dublin yesterday to picket Shell’s Irish headquarters.”: Tuesday 21 June 2005: Read the article

The Independent (UK): Opec supplies may increase as oil nudges $60: “Yesterday’s price spike followed news on Friday that the US, Britain and Germany had closed their consulates in Lagos, Nigeria, after threats from foreign Islamic militants. The closures followed last week’s kidnapping of six Shell oil workers in Nigeria, who were released on Saturday.”: 21 June 2005: Read the article

The Guardian (UK): Shell faces flaring lawsuit: “Shell and its partners yesterday found themselves facing a legal suit from local rural communities and western environmentalists over allegations of causing pollution and global warming by flaring gas in Nigeria.”: “Deadly substances have been emitted by flares for more than 40 years and the Nigerian government has promised to ensure it ends in 2008. Last month Shell said it would not meet that target.”: Tuesday 21 June 2005: Read the article

Asia Pulse: SAUDI ARAMCO TO LIFT SHOWA SHELL STAKE TO 15%: 21 June 2005: Read the article

From the pages of today’s Irish Independent: Jail me, says gas pipeline protester: “A FARMER has vowed to go to jail rather than let oil giant Shell build a pipeline through his land.”: “Yesterday the Erris Community Campaign group protested outside the Shell headquarters in Dublin…”: Tuesday 21 June 2005: Read the article

Just in from MarketWatch: Royal Dutch/Shell Group faces local lawsuit over Nigeria gas flaring: “Communities in Nigeria’s Niger Delta are suing Royal Dutch/Shell Group (RD, SC) and its partners in a local court after the company said it would continue gas flaring beyond a legal deadline…”: 21 June 2005: Read the article

MosNews (Russia): EBRD Delays Loan to Sakhalin-2 Oil Project Due to Environmental Concerns: “The European Bank for Reconstruction and Development (EBRD) has delayed the approval of a key loan to Royal Dutch/Shell’s Sakhalin-2 oil and gas project in Russia’s Far East.”: 21 June 2005: Read the article

Asia Pulse: OMAN SIGNS OIL AGREEMENTS WITH GROUP OF INT’L COMPANIES: “In the new venture, Occidental Mukhaizna LLC will hold a 45 per cent interest in the PSA, with 20 per cent held by the Oman Oil Company, 17 per cent by Shell…”: Posted Wednesday 22 June 2005: Read the article

In from Reuters: Shell says Oman Mukhaizna stake to drop to 17 pct: “Royal Dutch/Shell group said on Tuesday it was to get a 17 percent stake in a new production sharing agreement covering Oman’s Mukhaizna oilfield, compared to the 34 percent it currently holds.”: “Oman’s appointment of Occidental to the lead role in the project is an embarrassment for Shell, which is struggling with one of the worst reserve replacement ratios in the industry.”: Posted Wednesday 22 June 2005: Read the article

From the pages of today’s WALL STREET JOURNAL: Aramco Lifts Stake in Japan Refiner: “The transaction is part of an agreement signed last year, under which Royal Dutch/Shell Group is to sell 9.96% of shares outstanding in Showa Shell to the Saudi Arabia’s state-owned Aramco.”: Wednesday 22 June 2005: Read the article

Latest from Reuters: Shell Canada sees oil prices falling: “The chief executive of Shell Canada Ltd. on Wednesday predicted the price of oil would almost certainly fall, though he did not say how far or how fast it would come off of current record highs.” Wed Jun 22, 2005: Read the article

Just in in from the Financial Times: Negotiation key to Shell boosting production: “Royal Dutch/Shell, the Anglo-Dutch energy group, on Wednesday announced a package of measures designed to boost its flagging oil and gas production and gain access to new resources”: “Shell has had a particularly difficult time, a situation made worse after the company was forced to slash its official reserve estimates last year.”: Wednesday 22 June 2005: Read the article

From THE WALL STREET JOURNAL: Shell to Raise Output Of Oil, Natural Gas By 30% in 10 Years: “…Shell and many of its peers are struggling to boost output and replace reserves depleted by production.”: Wednesday, 22 June 2005: Read the article

insurancejournal.com: S&P Rates Shell Captive ‘AA’: Wednesday 22 June 2005: Read the article

THE BORNEO POST: Former employee suing Shell: “Dr John Huong, an ex-Shell employee, is suing Shell in the Industrial Court here, alleging that he had been unfairly dismissed by the company.” Posted 22 June 2005: Read the article

The Independent (UK): Shell steps on the gas with plan to raise output by 40 per cent: “Mr van der Veer was speaking before the historic vote next week when British and Dutch shareholders will be asked to approve the transformation of Shell into a single company with one board, one chief executive, one stock market listing in London and a unified headquarters in The Hague.” Thursday 23 June 2005: Read the article

The Independent (UK): Michael Harrison’s Outlook: Something quite seismic is happening at Shell, you can be sure of that: “Five days from now Shell will shed its split personality and its historical baggage and re-emerge as a single company with one board, one chief executive and one headquarters. No big deal, the rest of the oil industry may say. But within Shell, the ramifications are seismic.”: Thursday 23 June 2005: Read the article

Daily Telegraph (UK): Shell ploughs billions into finding more oil and gas: “Jeroen van der Veer, Shell’s chief executive, also defended next week’s restructuring of Shell Transport and Trading and Royal Dutch Petroleum into one company…”: Thursday 23 June 2005: Read the article

Daily Telegraph (UK): Elephants, tigers and a gust of hot air: Shell ploughs billions into finding more oil and gas: Thursday 23 June 2005: Read the article

Daily Telegraph (UK): Renewable energy ‘will struggle to pay its way’: “Shell was appointing a “Mr or Mrs CO2” to report to the board on Shell’s plans for dealing with carbon dioxide emissions.” Thursday 23 June 2005: Read the article

THE TIMES (UK): Shell paves the way for future as natural gas giant: Thursday 23 June 2005: Read the article

From the pages of today’s NEW YORK TIMES: Shell’s Chief Reaffirms Goal of 30% More Output by 2015: “Jeroen van der Veer, chief of the Royal Dutch/Shell Group, said Wednesday that the company would spend more on research, focus on big technology-driven projects and possibly acquire other oil producers and reserves to increase production by 30 percent as planned by 2015. Mr. van der Veer, who took the helm 15 months ago after Shell was forced to admit it had overstated its oil and gas reserves…”: Thursday 23 June 2005: Read the article

The Guardian (UK): Shell ready for acquisition trail: Shareholders will vote on the new single company structure, board and chief executive, being introduced following a year of woe for Shell. The vote is expected to be overwhelmingly positive.  “Mr van der Veer was laying out his vision for the future after the worst year in Shell’s long history. Its image in the City was badly hurt by the oil reserves scandal which led to the exit of its chairman Sir Philip Watts and a blizzard of inquiries and lawsuits.”: Thursday June 23, 2005: Read the article

ShellNews.net: Mr Justice Laddie, the High Court Judge who has been the subject of calls for an investigation into his handling on the Shell/Donovan “SMART trial (and has been cited by Shell in the royaldutchshellplc.com domain name battle) resigns from the Bench claiming he is “bored”.: Thursday 23 June 2005: Read the article

The Borneo Post: Shell vs Dr John Huong trial adjourned to Nov 15: “Dr Huong, an ex-Shell employee, is suing the company, alleging that he was unfairly dismissed.”: “Huong, a geologist by qualification, had worked with Shell for almost 30 years before his dismissal on March 28, 2003.” Posted 23 June 2005: Read the article

Daily Mail (UK): Shell unveils blueprint to boost output: “Van der Veer said Shell must ‘never again’ go through what it did in last year’s reserves scandal. ‘We have changed the culture of the company. It used to be bottom up, now we have more direction from the top’.”: Thursday 23 June 2005: Read the article

Just in from the Financial Times: The Hague proves a stumbling block: “Mary Jo Jacobi, Royal Dutch/Shell’s vice-president for external affairs since 2001, plans to leave in the autumn.”: Friday 24 June 2005: Read the article

From Reuters Canada: Shell Canada pays C$85 mln for B.C. acreage: “At the Reuters Energy Summit in New York this week, Shell Canada chief executive Clive Mather said his company expects to at least maintain spending levels on gas exploration along the Rockies due to his belief there is much more gas to be found. “We certainly are determined to prove ourselves right or wrong,” Mather said.”: Posted Friday 24 June 2005: Read the article

Globe & Mail (Canada): Shell grabs more B.C. land: 24 June 2005: Read the article

Reuters: Nigerian Ogonis say Shell threatens peace move: “Many delta communities feel cheated of the oil wealth that is extracted from their lands but yields little benefit to them. Attacks on oil infrastructure and kidnappings of oil workers are frequent, and thousands have died in inter-ethnic clashes.” Posted Friday 24 June 2005: Read the article

From the pages of today’s Daily Express (UK): Shell Chief’s scientific outlook: “CHIEF EXECUTIVE Jeroen van der Veer is to beef up Shell’s science and technology work as part of moves to show there is life after the oil giant’s disastrous recent past.”: Friday 24 June 2005: Read the article

The Washington Post: Shell shareholders to back unification: “Another dampener on Shell’s biggest corporate overhaul since the two holding firms tied up in 1907, is a spat over the rights to the web domain “royaldutchshellplc.com.” Disgruntled shareholder Alfred Donovan beat Shell to register the domain name. Shell has sued Donovan for the rights to the domain but while the matter plays out, Donovan uses the site to lambaste Shell management.: Friday 24 June 2005: Read the article

From the pages of THE WALL STREET JOURNAL: Shell CEO Expects Output to Increase 30% Over Decade: Posted 24 June 2005: Read the article

Daily Telegraph (UK): Boredom, comedy, high drama – what more could a judge ask for? “Anybody who has sat through a long court case will have a great deal of sympathy with Mr Justice Laddie, who looks like a jolly sort of fellow from his photograph.”: Friday 24 June 2005: Read the article

The Guardian (UK): Boredom forces judge to quit: “Mr Justice Laddie has risked the disapproval of the legal establishment by breaking the unwritten convention that the bench is a life sentence ended only by retirement or death. Yesterday his resignation was the talk of the inns of court”: “A spokeswoman for the lord chancellor said yesterday: “We don’t comment on judges’ resignations.”: Posted Friday 24 June 2005: Read the article

The Independent (UK): John Walsh: Tales of the city: “What is one to make of the behaviour of Sir Hugh Laddie, better known as Mr Justice Laddie…”: Posted Friday 24 June 2005: Read the article

THE NEW YORK TIMES: Shell Shareholders to Back Unification: “Another dampener on Shell’s biggest corporate overhaul since the two holding firms tied up in 1907, is a spat over the rights to the web domain “royaldutchshellplc.com.” Disgruntled shareholder Alfred Donovan beat Shell to register the domain name. Shell has sued Donovan for the rights to the domain but while the matter plays out, Donovan uses the site to lambaste Shell management. Posted Saturday 25 June 2005: Read the article

Above New York Times/Reuters article also appears on the following websites:
http://www.washingtonpost.com/shell/donovan:
http://news.moneycentral.msn.com/:
http://asia.news.yahoo.com.html:
http://news.yahoo.com/news:
http://money.iwon.com/:
http://reuters.com/news/news/shell
http://www.gulf-times.com/qatar/shell/donovan
 
From the Financial Times: Wait-and-see Shell: Saturday 25 June 2005: Read the article
 
Daily Telegraph (UK): Shell shareholders face £80m tax bill: “Oil major accused of ‘unacceptable arrogance’: “Shell, which has admitted paying $115m in fees, including tax advice during the restructuring, declined to comment. Sources said Shell had tried hard to make the offering fair to as many shareholders as possible.”: Saturday 25 June 2005: Read the article
 
Daily Telegraph (UK): ‘We didn’t ask to sell the shares, yet they expect us to pay up’: “Mr Jamieson, 87, who has written in protest to Shell’s UK chairman, Lord Oxburgh, added that the petrochemicals giant was behaving as though “this is the way it is boys, you have got to take it on the chin”. He said: “We are both in our 80s and don’t need the trouble. We did not ask Shell to merge the shares; to suffer through no action of our own is iniquitous.” Saturday 25 June 2005: Read the article
 
Daily Telegraph (UK): Stakeholders still win through Shell and back: “It has disappointed investors in the recent past (and is gratuitously punishing some of those in its twin company Royal Dutch) but the dividend payment has never been in doubt.”: Saturday 25 June 2005: Read the article
 
The Independent (UK): Private Investor: Slick returns are all thanks to the rising price of oil: “Now the Royal Dutch Petroleum Company and Shell Transport and Trading have, after an incredibly long engagement, got married and moved in together, they have also dumped some of their old, bureaucratic, paternal ways and faced up to the modern world, just as BP did years ago.”: Saturday 25 June 2005: Read the article
 
The Times (UK): Share of the month update: “The latter’s unification with Royal Dutch should have no immediate capital gains tax impact. I will receive new Royal Dutch shares for my existing Shell shares. The “new” shares will take the original base cost of the old Shell. A chargeable gain may arise on any subsequent sale of the Royal Dutch shares. I am happy to have and to hold Shell.” Saturday June 25, 2005: Read the article

THE NEW YORK TIMES: Oil Prices Settle at Record Near $60: “Analysts said the bullish momentum was supported mainly by talk of several minor refinery snags in California, including an outage at Shell’s Martinez plant, fueling fears of supply disruptions at the start of the high-demand summer driving season.”: Posted Saturday 25 June 2005: Read the article

The Post (Ireland): Shell in talks to sell retail and commercial businesses: Posted Saturday 25 June 2005: Read the article

This Day Online (Nigeria): Ogoni: Shell Faces Infrastructure Crisis: “Shell is the nation’s leading oil and gas producing company, with about 50 percent of stake in Nigeria’s oil reserve, but its operations in the Niger Delta has been faced with a lot of problems, particularly Ogoni land where it had  to shutdown its activities due to the aftermath of the execution of environmental rights activist, Ken Saro Wiwi and other Ogoni leaders in 1996, as a result of their murder trials.” Saturday 25 June 2005: Read the article

Deutsche Welle (Germany): Brent Spar Revisited, 10 Years On: “…the Brent Spar debacle.”: “The company abuses nature not only in Africa, but elsewhere as well, said Smid. Greenpeace and Shell’s latest battle is over an oil exploration project near Sachalin Island, off the Russian coast in the northern Pacific. Shell is endangering the feeding grounds of a rare species of grey whale, Smid said.” Posted Saturday 25 June 2005: Read the article

ShellNews.net: Who is the bad sport raining on Shell’s unification parade? Which veteran Shell shareholder has dampened the biggest Corporate Overhaul in Shell’s history? The answer: Alfred Donovan, the 88 year old Shell AGM party pooper. Why has he embarrassed the hell out of Shell for over decade? Saturday 25 June 2005: Read the article

THE SUNDAY TELEGRAPH (UK): Investors play the Shell game: “The historic unification to create one company, to be called Royal Dutch Shell, is expected to be given the green light by investors at annual meetings in London and the Netherlands this Tuesday. The restructuring, introduced by Jeroen van der Veer, the chief executive, in the wake of shareholder pressure after the oil group’s shocking overstatement of its oil and gas reserves last year, will herald a new chapter in Shell’s century-long history.”: Sunday 26 June 2005: Read the article

The Observer (UK): Shell: still too sure of itself? ‘There are management questions here,’ adds another investor. ‘Malcolm Brinded [head of E&P] was seen as a steady hand last year, but Oman and the speed of development elsewhere has led to muttering about him.’ Sunday 26 June 2005: Read the article

The Observer (UK): Nigeria: campaigners won’t let Saro-Wiwa die: Ten years after the execution, activists are highlighting a controversial record on the environment, says Conal Walsh: “People living in the shadow of Shell refineries and pipelines will be converging on the oil giant’s annual meetings in London and The Hague this week in order to draw attention to its record on pollution and human rights.” Sunday June 26, 2005: Read the article

Scotland on Sunday: Chaos looms as Shell’s halves unite at last: “SHELL runs the risk of spreading chaos through the market this week via its efforts to clean up its reputation.” Sunday 26 June 2005: Read the article

The Observer (UK): Exploration chief under fire in new-look Shell: “One leading investor said: ‘One area where people are looking closely and thinking about change is that they are getting fed up with Brinded.’ His concerns were echoed by some analysts.: Sunday June 26, 2005: Read the article

The Independent on Sunday: Shell to sing a new tune: “For nearly a century, Shell has operated under dual ownership, but this came under heavy fire in 2004 after the group slashed its proven oil and gas reserves by 20 per cent. The scandal claimed three top executives and severely dented investor confidence in the corporate structure and management.”: Sunday 26 June 2005: Read the article

Sunday Business Post (Ireland): Hot competition for Shell’s Irish business: “Shell said this weekend that it was in talks with a number of prospective buyers for its retail service station network, supply and distribution assets and facilities and its commercial fuels, lubricants and marine businesses.”: Sunday 26 June 2005: Read the article

Just in from Yahoo! News: Shell shareholders prepare to vote on historic merger: “Royal Dutch/Shell has struggled to win back investors’ trust after admitting between January 2004 and February this year that it had overstated its proved reserves by almost 6.0 billion barrels and that senior executives were aware of problems long before they were made public.” Sunday 26 June 2005: Read the article

THE BUSINESS: FTSE dominance beckons for oil and gas: “When Royal Dutch leaves the Amsterdam stock exchange and begins trading on a single listing with Shell Transport and Trading, going under the name of Royal Dutch Shell, it will add an extra 72bn (E108bn, $131bn) in value to the oil sector on the FTSE.”: Sunday 26 June 2005: Read the article

THE BUSINESS: Shell to end going Dutch and unite: “The merger was agreed in 1907 but never consummated. Doing so now will not give Shell any more barrels in the ground but the added clarity and accountability as well as the ability to use the shares as paper currency in deals will make the company’s recovery easier.”: Sunday 26 June 2005: Read the article

ShellNews.net: Shell Exploration & Production Chief, Malcolm Brinded OBE under fire says The Observer: Sunday 26 June 2005: Read the article

Financial Times: Final dual meetings for Royal Dutch Shell: “If approved, the new company will be known as Royal Dutch Shell plc…” Monday 27 June 2005: Read the Article

The Guardian (UK): Shell chiefs braced for storm: Investor anger brews over share tax and directors’ pay: “The Anglo-Dutch oil group is expected to win overwhelming support for its radical plan to dump its dual-company structure and adopt a unified board following the 2004 reserves fiasco when it admitted it had overstated its reserves by billions of barrels.”: Monday June 27, 2005: Read the article

In from the pages to today’s Daily Telegraph (UK): City checklist: Shell’s head of the exploration and production division, Malcolm Brinded, is coming under fire from investors for the company’s lacklustre performance in securing major new production.: Monday 27 June 2005: Read the article

Daily Telegraph (UK): The week ahead: “The boards of Royal Dutch Petroleum and Shell Transport and Trading will be merged into one with a single chairman and chief executive.”: Monday 27 June 2005: Read the article

THE WALL STREET JOURNAL: Cross-Border Deals Feed an M&A Boom: In Europe, Rising Appetite For Takeovers Raises Hopes ’05 Will Be a Banner Year: “It would take another megadeal of the Shell or Sanofi size” to get us to $1 trillion, said Tony Burgess, Deutsche Bank’s head of European M&A: Monday, June 27, 2005: Read the article

BARRON’SOnline: Bid Puts New Focus on China’s Oils: “Whatever happens, expect Cnooc and PetroChina to be more aggressive in their hunt for overseas assets. One possible candidate: Woodside Petroleum, the Australian company that’s 34% owned by Shell.”: Monday 27 June 2005: Read the article

BLOOMBERG: Shell Investors to Approve Merger, Making Purchases Easier: “Shell was fined by regulators last year and is being sued by shareholders for overstating its 2002 oil and gas reserves by 41 percent. The overstatement led to the ouster of its chairman, chief financial officer and exploration chief. The U.S. Department of Justice is conducting a criminal probe.”: Monday 27 June 2005: Read the article

Borneo Post: Sarawak Shell to retrieve fallen Super Puma: “MIRI – Sarawak Shell Bhd has commenced operation to salvage a Super Puma helicopter that plunged into Bintulu waters”: “Shell wants the chopper intact following the retriever to facilitate civil aviation investigation into the cause of the accident.”: Monday 27 June 2005: Read the article

Reuters AlertNet: Greenpeace protests against CSFB’s Sakhalin work: “Greenpeace campaigners held a protest vigil outside Credit Suisse First Boston’s Moscow office on Monday against its involvement in a Shell-led energy project in the Russian Far East which they say threatens rare whales.” Monday 27 Jun 2005: Read the article

Washington Post: Court to decide Shell, Texaco gas case: “The appeals court reinstated a lawsuit brought by 23,000 gas station owners in the western United States who said the two companies conspired to fix prices for their gasoline brands through the two joint ventures set up in 1998.” Monday 27 June 2005: Read the article

Minneapolis Star Tribune: Court to consider gasoline price-fixing case: “Justices will review a lower court ruling that allowed the class-action lawsuit by 23,000 gas station owners to proceed. The lawsuit accuses Shell and Texaco of setting up two joint ventures in 1998 to illegally fix gas prices.”: Monday 27 June 2005: Read the article

CityWire: Shell merger moves market: “When the decision to bring the two halves of the company together was revealed in October, Shell was caught in a massive row over the extent of its reserves and although $150 million has been paid in fines and heads have rolled, including that of the chairman, these remain the subject of lawsuits and a formal investigation by the United States Department of Justice.: Tuesday 28 June 2005: Read the article

Financial Times: Campaigners vent fury at Shell board: 28 June 2005: Read the article

THE NEW YORK TIMES: Shareholders Approve Shell Unification: “Shareholders overwhelmingly approved the unification of the Royal Dutch/Shell Group of Cos. on Tuesday, an attempt by the world’s third-largest oil producer to recover after a scandal over restated reserves.” 28 June 2005: Read The article

Bloomberg: Royal Dutch, Shell Shareholders Vote to Combine (Update3): “Royal Dutch/Shell Group shareholders voted to merge its holding companies in the Netherlands and Britain, ending a century-old separation that investors said damaged what was the world’s largest publicly traded oil company.”: Tuesday 28 June 2005: Read the article

The Scotsman: Shell Accused of Hanging Shareholders ‘Out to Dry’: “Shell, which made profits of £9.3 billion last year, downgraded its reserves five times during a crisis that claimed the scalps of three senior executives and led to regulators in the UK and the US imposing fines totalling £82.7 million. It is still facing a number of investigations related to the downgrade.”: Tuesday 28 June 2005: Read the article

London Evening Standard: Shell and Royal Dutch merge: “The complicated restructuring is a direct result of the oil reserves scandal that rocked the company last year, and in which Shell bosses lost their jobs.” Tuesday 28 June 2005: Read the article

Channel4 News: Shell investors vote for merger: Tuesday 28 June 2005: Read the article

Financial Times: Lex live: Royal Dutch/Shell: Tuesday 28 June 2005: Read the article

Financial Times: OBSERVER: Circular Shell: Tuesday 28 June 2005: Read the article

Financial Times: Lombard: Shell game that keeps investors guessing: Tuesday 28 June 2005: Read the article

BBC News: Shell investors to vote on merger: Shell is planning the biggest overhaul in its 100-year history: Tuesday 28 June 2005: Read the article

Reuters: Shell investors set to ditch dual listed structure: “Shell Chief Financial Officer Peter Voser told a German newspaper earlier this month that the restructuring would allow Shell to use its shares as a currency for acquisitions.”: Tue Jun 28, 2005: Read the article

Schaeffers Research, Ohio: Shareholders Set to OK Shell Unification (AP): 28 June 2005: Read the article

The Times (UK): Record gas discovery in India could hit projects: “Shell recently built India’s second terminal to import liquefied natural gas and several import schemes are under way: June 28, 2005: Read the article

Financial Times: UK holdings of Shell far too low: The merger has to be approved by Shell and Royal Dutch shareholders at their annual meetings today. It is widely seen as the potential trigger for one of the biggest shake-ups of the London market since Vodafone took over German rival Mannesmann in 2000.: Tuesday 28 June 2005: Read the article

Financial Times: Shell merger poses new risk: Tuesday 28 June 2005: Read the article

Financial Times: Shell prepares for the next merger round: “The reserves debacle had seriously dented shareholder confidence: Tuesday 28 June 2005: Read the article

Financial Times: Much agonising over what to do: “At the height of the scandal last summer over the level of oil reserves it had booked, Jeroen van der Veer, the group’s lead executive, held a number of meetings with shareholders in the US, The Hague and the City of London. The discussions centred on investor demand for a structure that would foster accountability and transparency in decision-making.”: Tuesday 28 June 2005: Read the article

MarketWatch.com: Stars aligning for Royal Dutch Shell: “For a company recovering from a scandal surrounding its overstatement of proven oil reserves, the stars could hardly be aligning better for Royal Dutch Shell.”: Posted Tuesday 28 June 2005: Read the article

ShellNews.net: Ironic Shell: The Shell Transport FINAL AGM resulting from the reserves scandal, started and ended to the refrain of Bing Crosby crooning: “You can be sure of Shell”: 3.10pm Wednesday 29 June 2005: Read the article

The Independent (UK): Unified Royal Dutch Shell steers clear of mega-mergers: Wednesday 29 June 2005: Read the article

From the pages of The Independent (UK): Jeremy Warner’s Outlook: Shell makes historic leap to unified structure, but will it do any good? It’s a tough call: “The genesis of these reforms lie one and a half years ago in the revelation that Shell, up until then a presumed model of corporate rectitude and good behaviour, had been deliberately exaggerating its disclosed reserves.”: “Shell seemed to be lacking in even the most basic standards of accountability, the absence of which had led not just to the scandal of the overstated reserves, but had caused the company to slip seriously behind its two leading competitors, BP and Exxon Mobil, in developing new sources of supply and keeping pace with key rations of industry performance.”: Wednesday 29 June 2005: Read the article

Ireland Online: Shell seeking to jail five anti-pipeline protestors in Mayo: “The global oil firm Shell is due to take High Court action today in an effort to have five people jailed for protesting against a controversial pipeline in Co Mayo.”: Wednesday 29 June 2005: Read the article

Daily Mail (UK): United Shell aiming for a brighter future: “But it is also due to hopes that Shell, under the leadership of Dutchman Jeroen van der Veer, has transformed itself and that its new ‘one board, one chief executive’ structure will lift its performance and banish last year’s reserves scandal to a painful memory.”: Wednesday 29 June 2005: Read the article

Daily Telegraph (UK): Shell’s London dungeon: Wednesday 29 June 2005: Read the article

Daily Telegraph (UK): Shell’s unification puts funds firmly in the ‘buy’ camp: Wednesday 29 June 2005: Read the article

Daily Telegraph: Shell merger approved amid fury over tax bill: Wednesday 29 June 2005: Read the article

Daily Telegraph (UK): Shell mugs up on its history and pours oil on troubled waters: Shell merger approved amid fury over tax bill: “No wonder private shareholders are cross. They have been treated shabbily, particularly since they are long-term investors who stood by the company during its crisis when it lost one in four of its barrels last year.”: Wednesday 29 June 2005: Read the article

THE TIMES (UK): Shell will grow from familiar roots: “After the merger, Shell’s seat of power moves to The Hague. This should not be surprising, given that the mistakes of the past decade were mainly the fault of deluded or inadequate British executives…”: Wednesday 29 June 2005: Read the article

THE TIMES (UK): Shell ends era of dual ownership: Wednesday June 29, 2005: Read the article

In from THE TIMES (UK): Renewed takeover talk fuels big rises at Shell and BG: “…the recent surge in Shell also rekindled talk that the company may use the strength of its paper to mount a takeover of BG, its oft-mooted target.”: Wednesday June 29, 2005: Read the article

Financial Times: Shell to consider acquisitions under $9bn: Wednesday 29 June 2005: Read the article

Financial Times: At a stroke, Shell opens new chapter: “The oblique stroke will not disappear from Royal Dutch/Shell until next month, when the High Court is due to approve the scheme of arrangement that unifies the two groups.”: Wednesday 29 June 2005: Read the article

Lloyds List: Unified Shell group gives greater growth potential: “Royal Dutch Shell is set to be reborn on July 20: Wednesday 29 June 2005: Read the article

The Guardian (UK): Watchdog fines Citigroup £14m: “This is the second largest financial punishment handed out by the City regulator after oil company Shell was fined £17m last year.”: Wednesday 29 June 2005: Read the article

The Guardian (UK): Good and bad news in shares switch: “From July 20, the new Royal Dutch Shell plc will start to trade…”: Wednesday 29 June 2005: Read the article

The Guardian (UK): Rowdy meeting ends Shell’s 100-year split: “Royal Dutch chairman Aad Jacobs, who becomes chairman of the combined group, admitted it would take a long time to “get back the lost confidence” after 2004 when reserves were downgraded five times.”: Wednesday 29 June 2005: Read the article

Financial Times: Observer: It doesn’t add up: “Even the commemorative mug given to shareholders as they left the meeting was a collector’s item of inaccuracy. Shell Transport and Trading’s lifetime was given as 1907-2005. In fact, it was born in 1897.” Wednesday 29 June 2005: Read the article

Financial Times: Observer: Royal birth: “It was not only a newborn Royal Dutch Shell that those in The Hague welcomed yesterday.”: Wednesday 29 June 2005: Read the article

Financial Times: Global village: “A Shell annual meeting is a snapshot of globalisation and of the reach of a multinational company.”: Wednesday 29 June 2005: Read the article

Financial Times: The passing of national champions: “Senior figures from the company even had to approach Queen Beatrix of the Netherlands, to gain her royal assent for the move. It is believed to be the first time the Dutch royal monicker has been applied to a UK-listed company.”: Wednesday 29 June 2005: Read the article

Financial Times: Scarcely a whimper as Shell votes for unification: Wednesday 29 June 2005: Read the article

The Guardian (UK): Shell escapes charges over reserves reporting: “Shell escaped criminal charges in the US today after a federal prosecutor decided that bringing the Anglo-Dutch oil giant to court over last year’s reserves scandal would not be in the public interest.”: “The prosecutor also cited Shell’s payment of a $120m (£66.9m) fine imposed by the securities and exchange commission (SEC), the US financial watchdog, for accounting fraud.”: Thursday 30 June 2005: Read the article

BBC NEWS: Shell escapes charges on reserves: “US prosecutors have decided not to take Royal Dutch Shell to court for overstating its oil reserves by 4.47 billion barrels, the company has said.”: Thursday 30 June 2005: Read the article

Ireland Online: Taoiseach admits Shell protestors jailing ‘regrettable’: Thursday 30 June 2005: Read the article

Financial Times: Shell evades US prosecution for overstatements: “The US government said on Wednesday that it would not prosecute Royal Dutch/Shell for overstating its proved oil and gas reserves for 2002 and prior years by about 23 per cent. The decision eases fears that Shell, which has been under US federal investigation since disclosing the overstatement last year, might have been convicted and fined for the offence.”: Thursday 30 June 2005: Read the article

Financial Times: Royal Dutch/Shell will not be prosecuted for overstatement: “Shell self-reported the material mis-statements of its proved oil and gas reserves to the public,” US Attorney David Kelley said, in explaining the decision to go easy on the company.: Thursday 30 June 2005: Read the article

THE NEW YORK TIMES: U.S. Won’t Prosecute Shell Over Reserves: “For Shell, the decision not to prosecute removes the risk that it might face fines after any conviction at trial. The United States attorney, David N. Kelley, said the company’s cooperation in his inquiry contributed to his decision not to prosecute. Shell agreed earlier to pay $151 million in civil penalties to end regulatory investigations in the United States and Britain into whether it overstated reserves by 4.47 billion barrels.” Thursday 30 June 2005: Read the article

From the pages of today’s WALL STREET JOURNAL: Shell Won’t Face Criminal Charges In Reserves Probe: “However, the role of individuals in the accounting scandal at Shell, one of the world’s biggest public oil companies, is still being investigated. In an interview, Mr. Kelley said, “We’re continuing to evaluate the case against the individuals.”: Thursday 30 June 2005: Read the article

From “The Scotsman”: No Criminal Charges for Shell over Oil Reserves: “The prosecutor also cited the fine by the SEC for violations of reporting, record-keeping and anti-trust rules.”: “Any further penalties “would likely have a severe and unintended disproportionate economic impact upon thousands of innocent Shell employees,” Mr Kelley said.”: Thursday 30 June 2005: Read the article

Irish Independent: Shell-shocked five jailed for obstructing new gas pipeline: “FIVE men were jailed indefinitely yesterday…”: Thursday Jun 30, 2005: Read the article

Business World: Five Mayo men jailed over Shell pipeline: Thursday, June 30: Read the article

Irish Times: Statement: Shell E&P Ireland Limited: Thursday Jun 30, 2005: Read the article

Financial Times: Enjoy a free trip and get to ask Shell a question: By Sir Mark Moody-Stuart: Thursday 30 June 2005: Read the article

Financial Times: Shell symmetry: Thursday 30 June 2005: Read the article

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