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June, 2005:

Channel4 News: Shell investors vote for merger

Jun 28th, 2005
by John Donovan.
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Channel4 News: Shell investors vote for merger

Tuesday 28 June 2005

Source: ITN

Shareholders in the Shell oil firm have voted 99.75 per cent in favour of a plan to create a new holding company, Royal Dutch Shell.

Shell is currently 60 per cent owned by Royal Dutch Petroleum and 40 per cent by the Shell Transport and Trading. But the vote, plus that of shareholders in the Netherlands, means RDP and STT are to merge so that Shell has one parent.

Trading in Royal Dutch Shell shares is due to start on 20 July. With a market capitalisation of more than £100bn it could be be the world’s third-largest publicly traded oil firm. It will be headquartered in The Hague but have its primary stock market listing in London. 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.

London Evening Standard: Shell and Royal Dutch merge

Jun 28th, 2005
by John Donovan.
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London Evening Standard: Shell and Royal Dutch merge

Robert Lea,

28 June 2005

STRONG share-buying in Shell is likely to continue for several days and weeks because of the unprecedented shake-up at the giant oil major, and despite fears from investors that the company could be on the verge of a rash acquisitions programme.

Shareholders in Shell Transport & Trading are in Docklands today at the company’s annual meeting, which will consign the last 100 years to the history books and rubber-stamp a full-scale merger with Royal Dutch, its sister company in Holland. 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 Accused of Hanging Shareholders ‘Out to Dry’

Jun 28th, 2005
by John Donovan.
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The Scotsman: Shell Accused of Hanging Shareholders ‘Out to Dry’

Tuesday 28 June 2005

By David Winning, PA City Staff

Shell shareholders today expressed anger at an £80 million tax bill that will follow the biggest overhaul in the oil giant’s 100 year history.

They accused the board of “hanging them out to dry” by devising a scheme to unify its UK and Dutch assets that leaves many facing large losses from capital gains tax.

Shell Transport, which has its headquarters in London, plans to merge with Netherlands-based Royal Dutch Petroleum next month as it strives to eliminate failings that led to its reserves crisis 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.

Bloomberg: Royal Dutch, Shell Shareholders Vote to Combine (Update3)

Jun 28th, 2005
by John Donovan.
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Bloomberg: Royal Dutch, Shell Shareholders Vote to Combine (Update3)

Tuesday 28 June 2005

June 28 (Bloomberg) — 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.

The votes at Royal Dutch Petroleum Co. near The Hague and Shell Transport & Trading Co. in London today will disband companies that since 1907 had operated as one with separate stock- market listings and boards of directors. Shell’s U.K. shares rose 3.2 percent, the biggest one-day gain since Feb. 1. 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.

THE NEW YORK TIMES: Shareholders Approve Shell Unification

Jun 28th, 2005
by John Donovan.
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THE NEW YORK TIMES: Shareholders Approve Shell Unification

28 June 2005

By THE ASSOCIATED PRESS

Published: June 28, 2005

THE HAGUE, Netherlands (AP) — 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.

Some 97.4 percent of shareholders in the Netherlands and 96.38 percent in London voted in favor of ending a century-old dual corporate structure at the Anglo-Dutch company.

”The opportunities for simplification and quicker decision making and clearer accountability are tremendous, and I think it’s going to make a huge difference,” said Malcolm Brinded, Shell’s executive director for exploration and production. 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.

Campaigners vent fury at Shell board: 28 June 2005

Jun 28th, 2005
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Financial Times: Campaigners vent fury at Shell board: 28 June 2005

Human rights campaigners on Tuesday urged Royal Dutch/Shell to improve its environmental policy, seizing the platform of the energy group’s Dutch annual meeting in Scheveningen to accuse it of “polluting communities and destroying lives”.

A string of campaigners expressed fury and frustration at what they claimed was the company’s failure to address the concerns of local communities.

“Our lives are being destroyed,” said one man, referring to oil spills and gas flaring in Africa’s Niger delta. 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.

CityWire: Shell merger moves market

Jun 28th, 2005
by John Donovan.
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CityWire: Shell merger moves market

Tuesday 28 June 2005

By: Douglas Bence, Companies Correspondent

The most antiquated corporate structure in the world was dead and buried today as shareholders in Royal Dutch Shell and Shell Transport and Trading voted to merge.

For 98 years, both companies had their own shareholders and boards of directors, but attempted to trade as one unit. The antiquated structure became increasingly burdensome, inefficient, expensive and eventually disastrously counterproductive.

Seven years ago Shell was the world’s largest quoted company in the sector, but in terms of revenue and production, it has since fallen behind BP and Exxon. 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.

Minneapolis Star Tribune: Court to consider gasoline price-fixing case

Jun 27th, 2005
by John Donovan.
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Minneapolis Star Tribune: Court to consider gasoline price-fixing case

Associated Press

June 27, 2005

WASHINGTON — The Supreme Court said Monday it would consider whether to dismiss a lawsuit accusing ChevronTexaco Corp. and Shell Oil Co. of improperly inflating gas prices in the late 1990s.

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.

The San Francisco-based 9th U.S. Circuit of Appeals ruled the suit should go to trial because of evidence suggesting the venture unfairly restrained trade. 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.

Washington Post: Court to decide Shell, Texaco gas case

Jun 27th, 2005
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Washington Post: Court to decide Shell, Texaco gas case

By James Vicini

Reuters

Monday, June 27, 2005

WASHINGTON (Reuters) – The U.S. Supreme Court said on Monday it would decide the antitrust liability of a joint venture that sets the same selling price for different brand products in a case involving a gasoline price-fixing lawsuit against Shell Oil Co. and Texaco Inc.

The justices agreed to hear appeals by the two oil companies of a U.S. appeals court ruling that the antitrust law’s automatic prohibition against price fixing applied to the economic arrangements under their two joint ventures. 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.

Reuters AlertNet: Greenpeace protests against CSFB’s Sakhalin work

Jun 27th, 2005
by John Donovan.
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Reuters AlertNet: Greenpeace protests against CSFB’s Sakhalin work

Monday 27 Jun 2005

Source: Reuters

MOSCOW, June 27 (Reuters) – 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.

Around a dozen protesters in orange jumpsuits paraded outside CSFB’s Moscow office with signs that read “Stop financing Sakhalin oil” and “Nature is worth more than oil.” Other similar protests were planned in London and New York. 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.

Borneo Post: Sarawak Shell to retrieve fallen Super Puma

Jun 27th, 2005
by John Donovan.
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Borneo Post: Sarawak Shell to retrieve fallen Super Puma

Monday 27 June 2005

By George Francis

MIRI – Sarawak Shell Bhd has commenced operation to salvage a Super Puma helicopter that plunged into Bintulu waters, 11 kilometres before reaching its destination – B-11 gas production platform – on June 18.

A series of technical-logistical and strategic discussions had taken place before mobilisation on the scheduled offshore salvage operation.

The company, an exploration and production arm of Shell Malaysia has less than two weeks time to retrieve the chopper 100 metres below the water surface before its beacon signal fades. 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.

BLOOMBERG: Shell Investors to Approve Merger, Making Purchases Easier

Jun 27th, 2005
by John Donovan.
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BLOOMBERG: Shell Investors to Approve Merger, Making Purchases Easier

Monday 27 June 2005

June 27 (Bloomberg) — Shareholders of Royal Dutch/Shell Group, the third-largest publicly traded oil producer, are set to back a merger of its Dutch and British parent companies, ending a century-old dual ownership structure that has hindered takeovers.

Investors including Craig Pennington, head energy analyst at Schroders Plc in London, which holds more than 2 percent of Shell’s U.K. shares, said they back the combination, to be voted on at meetings in London and The Hague tomorrow. Shareholders will receive stock in Royal Dutch Shell Plc in place of current holdings in Royal Dutch Petroleum Co., which owned 60 percent of the group, and Shell Transport & Trading Co., which held the rest. 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.

Bid Puts New Focus on China’s Oils

Jun 27th, 2005
by John Donovan.
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BARRON’SOnline: Bid Puts New Focus on China’s Oils

Monday 27 June 2005

By LESLIE P. NORTON

Emerging Markets

EVER SINCE ITS INITIAL public offering in 2001, China National Offshore Oil Corp., or Cnooc (ticker: CEO), has traded at a premium to the better- known PetroChina (PTR), notwithstanding billionaire Warren Buffett’s stake in the latter.

Growth prospects for Cnooc, which explores offshore for oil and gas, were perceived as superior. PetroChina was saddled with mature fields and difficult-to-extract reserves, as well as thousands of gas stations subject to price controls. The other Chinese oil stock, downstream play Sinopec (SNP), historically has traded at a discount to both. 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.

Cross-Border Deals Feed an M&A Boom

Jun 27th, 2005
by John Donovan.
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THE WALL STREET JOURNAL: Cross-Border Deals Feed an M&A Boom

By MICHAEL WANG

DOW JONES NEWSWIRES

June 27, 2005

European mergers and acquisitions have almost doubled in value during the second quarter from a year earlier, as corporations’ increasing appetite for takeovers raises hopes that 2005 could be the biggest year for deal-making since the boom of 1999-2000.

Bold, cross-border takeovers in the financial-services, telecommunications and real-estate sectors are driving much of the deal activity. Meanwhile, private-equity firms have intensified their influence over the M&A market, a reflection of the success of these loosely regulated investment pools at raising capital. 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.

The boards of Royal Dutch Petroleum and Shell Transport and Trading will be merged

Jun 27th, 2005
by John Donovan.
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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

A guide to company results and meetings, and economic statistics (Filed: 27/06/2005)

Shareholders of oil giant Royal Dutch/Shell are expected to vote in favour of a restructuring programme at Tuesday’s annual meeting that will simplify the firm’s complex dual-board structure.

The boards of Royal Dutch Petroleum and Shell Transport and Trading will be merged into one with a single chairman and chief executive. 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’s head of the exploration and production division, Malcolm Brinded, under fire

Jun 27th, 2005
by John Donovan.
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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

The Financial Services Authority is likely to impose a fine of between £15m and £25m on Citigroup next week, following a controversial bond trade last year.

• Archie Norman, rumoured to be interested in running Wm Morrison, has denied that he has received an approach from either the company or its advisers.

• 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. 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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