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June, 2005:

Ireland Online: Shell seeking to jail five anti-pipeline protestors in Mayo

Jun 29th, 2005
by John Donovan.
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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

29/06/2005 – 08:02:56

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.

The court has already granted an injunction preventing protestors from obstructing the company’s efforts to gain access to private land to lay the high-pressure pipeline. 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 makes historic leap to unified structure, but will it do any good? It’s a tough call

Jun 29th, 2005
by John Donovan.
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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

Wednesday 29 June 2005

Shareholders duly voted through proposals to get rid of Shell’s dual domicile and capital structure yesterday, but if you can fully get your head around the supposedly simpler structure that’s replacing it, then you are a better man than me. For many shareholders, it looks as if one form of complexity has only been replaced by another, while a minority – admittedly smallish – is seriously disadvantaged by the changes.

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. 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.

Unified Royal Dutch Shell steers clear of mega-mergers

Jun 29th, 2005
by John Donovan.
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The Independent (UK): Unified Royal Dutch Shell steers clear of mega-mergers

By Michael Harrison, Business Editor

29 June 2005

Shell appeared to rule out any major takeovers at current oil prices yesterday as the company’s shareholders voted to end 100 years of tradition by unifying its UK and Dutch halves.

Speaking after shareholders in London and the Hague backed the move to a single company with one board by an overwhelming majority, the chief executive, Jeroen van der Veer, said: “We certainly have our eye on acquisitions but at the moment it’s too expensive and it doesn’t create shareholder value.” 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.

FINAL SHELL TRANSPORT AGM started and ended to refrain of Bing Crosby crooning: You can be sure of Shell

Jun 29th, 2005
by John Donovan.
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ARTICLE FROM OUR 2005 SHELL NEWS ARCHIVE

(MICHAEL HOLLIDAY VERSION OF THE SHELL SONG)

ShellNews.net: 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”:

Wednesday 29 June 2005

By John Donovan

Editor, ShellNews.net

Shell’s marathon AGM was held yesterday in sweltering conditions in what seemed like a large aircraft hanger (the ExCel Centre) adjoining the City of London Airport. It concluded after what seemed an eternity – over three hours of hot air. 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.

Stars aligning for Royal Dutch Shell

Jun 28th, 2005
by John Donovan.
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MarketWatch.com: Stars aligning for Royal Dutch Shell

Tuesday 28 June 2005

Rising crude price, index reweighting giving a boost

By Steve Goldstein, MarketWatch

LONDON (MarketWatch) — 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.

Shell (RD: news, chart, profile) (SC: news, chart, profile) , like the entire energy category, is benefiting from record crude-oil prices that have now topped $60 a barrel.

And, assuming shareholder approval Tuesday of the merger of its Dutch-listed company, Royal Dutch Petroleum, which presently holds 60% of assets, with U.K.-listed Shell Trading and Transport, which holds 40%, it should get a lift from index funds as well as more active investors having to meet the company’s increased standing in the FTSE 100 index as well as other European indexes. 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.

Financial Times: Much agonising over what to do

Jun 28th, 2005
by John Donovan.
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Financial Times: Much agonising over what to do

Tuesday 28 June 2005

The shareholder base of Royal Dutch and Shell Transport and Trading is so varied that investors inevitably disagree on whether the restructuring marks the end or the beginning of reform for the group, writes Sundeep Tucker.

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. 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 prepares for the next merger round

Jun 28th, 2005
by John Donovan.
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Financial Times: Shell prepares for the next merger round

“The reserves debacle had seriously dented shareholder confidence”

Tuesday 28 June 2005

By Ian Bickerton, James Boxell, Thomas Catan and Henry Tricks

On the top floor of London’s towering Shell Centre, a cavernous boardroom looms over the Houses of Parliament, filled with high-backed chairs and rows of angled microphones. For decades, British and Dutch directors from two separate companies have held eight “conferences” a year, alternating between there and The Hague, to decide on the business of Royal Dutch/Shell Group. But if shareholders on Tuesday approve the most radical restructuring in its history, the London room will fall into disuse. Instead, board members will assemble each time in a gabled building, topped by a clock tower, in the vicinity of the Dutch parliament. 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 merger poses new risk

Jun 28th, 2005
by John Donovan.
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Financial Times: Shell merger poses new risk

Tuesday 28 June 2005

By Paul Betts

Royal Dutch/Shell is expected to approve on Tuesday a corporate revolution by merging its two separately quoted arms into a single company headquartered in the Netherlands with its primary listing in London.

This is likely to double the Anglo-Dutch major’s weighting in the FTSE 100 index. In so doing, it will concentrate further the index of the UK’s leading 100 companies around a handful of big caps, reflecting a growing European trend contrasting with Wall Street and Tokyo. 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.

UK holdings of Shell far too low

Jun 28th, 2005
by John Donovan.
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Financial Times: UK holdings of Shell far too low

Tuesday 28 June 2005

By Tony Tassell, Tom Catan, Ian Bickerton, James Boxell and Sundeep Tucker,

UK institutional shareholders still need to buy billions of pounds worth of shares in Shell to pump up their exposure to the oil major following its planned merger with Royal Dutch.

Holdings are far below what would be required to match the enlarged market weighting of a combined Royal Dutch Shell.

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. 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.

Record gas discovery in India could hit projects

Jun 28th, 2005
by John Donovan.
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The Times (UK): Record gas discovery in India could hit projects

June 28, 2005

By Carl Mortishead, International Business Editor

INDIA has claimed its biggest gas discovery, a deposit in the Bay of Bengal that could double the country’s gas production and bring into question major projects to import liquefied natural gas into the country.

Gujarat State Petroleum Corporation (GSPC), a state-owned enterprise, said that it had found 20 trillion cubic feet of gas in the Krishna Godavari Basin, an area offshore of Andhra Pradesh state in the southeast of the sub-continent. 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.

Shareholders Set to OK Shell Unification (AP)

Jun 28th, 2005
by John Donovan.
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Schaeffers Research, Ohio: Shareholders Set to OK Shell Unification (AP)

28 June 2005

By ANTHONY DEUTSCH Associated Press Writer

THE HAGUE, Netherlands

Shareholders are expected to approve the merger of the Anglo-Dutch parent companies of Royal Dutch/Shell on Tuesday, ending a century-old dual corporate structure at the world’s third largest oil producer.

Shell announced the plans along with its third quarter earnings on Oct. 28. The announcement came amid a scandal over the repeated downgrading of its strategic oil reserves, which form the backbone of its business. 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 investors set to ditch dual listed structure

Jun 28th, 2005
by John Donovan.
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Reuters: Shell investors set to ditch dual listed structure:nif

Tue Jun 28, 2005

By Tom Bergin, European Oil and Gas Correspondent

LONDON (Reuters) – Royal Dutch/Shell (SHEL.L: Quote, Profile, Research) (RD.AS: Quote, Profile, Research) shareholders are expected to end a century of history on Tuesday when they vote on scrapping the group’s dual-listed structure.

Shell hopes the unification of its Dutch and British parent companies will help streamline its management structure, whose complexity was blamed for a damaging reserves overbooking scandal last year. 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.

BBC News: Shell investors to vote on merger: Shell is planning the biggest overhaul in its 100-year history

Jun 28th, 2005
by John Donovan.
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BBC News: Shell investors to vote on merger: Shell is planning the biggest overhaul in its 100-year history

Tuesday 28 June 2005

Investors in Shell will be asked to vote on a plan to merge the Anglo-Dutch oil company’s two management boards, creating a firm worth £120bn ($219bn).

It is currently 40%-owned by Shell and 60%-owned by Royal Dutch Petroleum.

The move aims to simplify the chain of command and boost transparency after management was blamed for a crisis that saw Shell slash its reserves.

The merged firm would be called Royal Dutch Shell and its bigger size would allow it to better compete with rivals. 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.

Financial Times: Lombard: Shell game that keeps investors guessing

Jun 28th, 2005
by John Donovan.
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Financial Times: Lombard: Shell game that keeps investors guessing

Tuesday 28 June 2005

By Martin Dickson

Forget Suduko. The mind-boggling numbers game that is currently occupying fund managers is how to rearrange holdings of Royal Dutch and Shell following expected shareholder approval on Tuesday of the merger of the Dutch and British companies.

Effectively, unification will bring a £73bn colossus, in the shape of Royal Dutch, onto the top table of the FTSE 100. At a stroke, the oil sector will gain a weighting of about one fifth of the FTSE 100, roughly equal to banks, making the UK market even more defensive, concentrated and top heavy than it has been until now. 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.

Financial Times: OBSERVER: Circular Shell

Jun 28th, 2005
by John Donovan.
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Financial Times: OBSERVER: Circular Shell

Tuesday 28 June 2005

ABN Amro has invested considerable energy down the years in its relationship with Royal Dutch/Shell, the oil and gas giant whose shareholders are today expected to vote to scrap nearly a century of dual-headed governance.

The Dutch bank is itself the product of a patchwork of mergers since the late 19th century, most recently the 1991 union of the Amro (Amsterdam-Rotterdam) Bank and ABN (Algemene Bank NL).

It was a banker from one of the forerunners of Amro bank that dreamed up Royal Dutch/Shell’s hydra-headed structure way back in 1907. When Shell’s Dutch supervisory board sought an adviser on the unwinding of the cumbersome governance model there was only one candidate . . ABN Amro 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.

Financial Times: Lex live: Royal Dutch/Shell

Jun 28th, 2005
by John Donovan.
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Financial Times: Lex live: Royal Dutch/Shell

Tuesday 28 June 2005

UK budgets under Gordon Brown’s tenure have shown that taxation and simplicity rarely go hand in hand. But the complexities produced by Royal Dutch/Shell’s unification give the chancellor a run for his money.

To avoid Shell shareholders having to pay Dutch withholding tax – and no doubt to appease British and Dutch interests – the company will retain two classes of shares. The A shares, representing Royal Dutch stock, currently trade at a 3.5 per cent discount to the B shares, representing Shell Transport & Trading. Is this discount justified? 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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