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Further delays and soaring expenditure in big energy projects emerge at Royal Dutch Shell

The Times (UK): That was the week: “Further delays and soaring expenditure in big energy projects emerge at Royal Dutch Shell after the oil group admits that the start-up of Bonga, a giant offshore Nigerian oilfield, has been pushed back until late this year.”

Saturday 30 July 2005

Further delays and soaring expenditure in big energy projects emerge at Royal Dutch Shell after the oil group admits that the start-up of Bonga, a giant offshore Nigerian oilfield, has been pushed back until late this year.

AstraZeneca announces that David Brennan, head of the Anglo-Swedish drug group’s US operations, will replace Sir Tom McKillop as chief executive from next January, ending months of speculation. In another management overhaul, Jürgen Schrempp, architect of the controversial merger between Daimler-Benz and Chrysler, agrees to step down as chief executive of DaimlerChrysler at the end of the year. Sony, the Japanese electronics company, stuns investors with a dramatic cut to its earnings forecast and its first back-to-back quarterly loss in four years.

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