August, 2005:

Storm over the oil industry

Aug 31st, 2005
by John Donovan.
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Financial Times: Storm over the oil industry

In one company, Shell, the recruitment problems go all the way to the top: analysts think that Europe’s second biggest energy group – which had a reputation as a training ground for the industry’s brightest – lacks qualified candidates eventually to fill top rank posts such as chief executive and head of exploration and production. Concern over filling such posts is seen as a drag on the company’s share price

Posted Wednesday 31 August 2005

EXTRACTS FROM ARTICLE read more

*This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, and shellwikipedia.com, are owned by John Donovan - more information here. There is also a Wikipedia segment, the Shell DPA Files, "Shell and the Spies", the Shell Leaks files, as well as books written and published by John Donovan - Kindle eBooks. Timeline of the Donovan Shell Feud. Toxic History of Royal Dutch Shell Group. Shell and the Donovans: The Full Media Record — 550+ Articles, 110 Books, 40 Years. *All created and supported by internet wizz, Nick Gill.

U.S. District Judge John Bissell approved a $90 million settlement for Shell employees

Aug 31st, 2005
by John Donovan.
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New Jersey Law Journal: U.S. “District Judge John Bissell in Newark, N.J., approved a $90 million settlement for current and former employees of Royal Dutch Shell, who had alleged that Shell violated its fiduciary duty by misstating oil reserve totals, causing its stock to nosedive. The settlement, in “In re Royal Dutch/Shell Transport ERISA Litigation, CV-04-1398,” allows them to recoup 78 percent of their losses.”

Wednesday 31 August 2005

3rd Circuit: Employees May Sue Under ERISA When Company’s Stock Crashes

3rd Circuit resolves standing issue that has divided federal courts

Lisa Brennan

New Jersey Law Journal

08-30-2005

Participants in 401(k) plans face a smorgasbord of options, some riskier than others. Now, those who invested in company stock only to see it plummet have been handed a procedural remedy.

A federal appeals court has ruled that participants can sue when their company’s alleged fiduciary violations harm only those who chose the stock option. read more

*This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, and shellwikipedia.com, are owned by John Donovan - more information here. There is also a Wikipedia segment, the Shell DPA Files, "Shell and the Spies", the Shell Leaks files, as well as books written and published by John Donovan - Kindle eBooks. Timeline of the Donovan Shell Feud. Toxic History of Royal Dutch Shell Group. Shell and the Donovans: The Full Media Record — 550+ Articles, 110 Books, 40 Years. *All created and supported by internet wizz, Nick Gill.

Pricing pressure builds as oil majors count the cost of Katrina

Aug 31st, 2005
by John Donovan.
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Financial Times: Pricing pressure builds as oil majors count the cost of Katrina

“The Mars platform, one of the Gulf’s biggest producers of oil and gas, has sustained some damage, Royal Dutch Shell, the operator, said. But not only production wells have been affected. Exploration rigs, of which there are almost no spares available worldwide because of surging demand from oil companies keen to cash in on the high oil prices, were also within the path of Katrina.”

By Carola Hoyos in London, Sheila McNulty in Houston and Victor,Mallet in Jakarta

Published: August 31 2005

As the oil industry yesterday assessed damage done by Hurricane Katrina to rigs, pipelines and refineries in the Gulf of Mexico, pressure continued to build on oil and gas prices.

“At some point the relentless drumbeat of news driving oil and gas prices higher is sure to stop, but we gave up holding our breath about two years ago,” said Ken Sill, head of CSFB’s oilfield services and equipment research group. “Katrina is just another example of how life interferes with plans and projections in the energy complex – uncertainty remains a constant.” read more

*This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, and shellwikipedia.com, are owned by John Donovan - more information here. There is also a Wikipedia segment, the Shell DPA Files, "Shell and the Spies", the Shell Leaks files, as well as books written and published by John Donovan - Kindle eBooks. Timeline of the Donovan Shell Feud. Toxic History of Royal Dutch Shell Group. Shell and the Donovans: The Full Media Record — 550+ Articles, 110 Books, 40 Years. *All created and supported by internet wizz, Nick Gill.

Shell U.S. Capline Oil Pipeline Shut After Hurricane

Aug 31st, 2005
by John Donovan.
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BLOOMBERG: Shell U.S. Capline Oil Pipeline Shut After Hurricane

“The Capline pipeline transports up to 1.2 million barrels a day of crude oil from the Gulf of Mexico and imported from overseas. It runs more than 650 miles (1,040 kilometers) from St, James, Louisiana to Patoka, Illinois, according to Shell.”

Wednesday 31 August 2005

Aug. 31 (Bloomberg) — Royal Dutch Shell Plc, Europe’s second-biggest oil company, said its Capline crude oil pipeline connected to Gulf of Mexico offshore production was shut because of power failures after Hurricane Katrina swept through the area.

“The Shell-operated Capline Pipeline system did not incur damage from Hurricane Katrina, but is currently down due to multiple pump stations that are without power,” Shell said in a statement on its Web site dated yesterday. read more

*This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, and shellwikipedia.com, are owned by John Donovan - more information here. There is also a Wikipedia segment, the Shell DPA Files, "Shell and the Spies", the Shell Leaks files, as well as books written and published by John Donovan - Kindle eBooks. Timeline of the Donovan Shell Feud. Toxic History of Royal Dutch Shell Group. Shell and the Donovans: The Full Media Record — 550+ Articles, 110 Books, 40 Years. *All created and supported by internet wizz, Nick Gill.

Tougher teeth needed

Aug 31st, 2005
by John Donovan.
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Financial Times: Tougher teeth needed

“Why should Royal Dutch/Shell have been hit for £17m for market abuse while the largest fine for mis-selling was a mere £1.9m handed out to Lloyds TSB for the precipice bonds affair?”

Wednesday 31 August 2005

By Martin Dickson

Published: August 31 2005

The Financial Services Authority barks a lot about mis-selling of products but does it have enough bite?

Which? the consumer campaigning association, thinks not.

In a paper published yesterday, it calls on the FSA to impose fines so large on companies guilty of mis-selling that their profit is hit and big investors start making waves.

Fines by the FSA’s regulatory decisions committee are something of an evolving black art.

Why should Royal Dutch/Shell have been hit for £17m for market abuse while the largest fine for mis-selling was a mere £1.9m handed out to Lloyds TSB for the precipice bonds affair? True, Lloyds also made £98m in compensation payments but so it should. The arguments against larger corporate fines for really serious offences are that they hurt shareholders rather than their managerial agents and that they may undermine the UK’s culture of co-operation between the regulator and regulated. read more

*This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, and shellwikipedia.com, are owned by John Donovan - more information here. There is also a Wikipedia segment, the Shell DPA Files, "Shell and the Spies", the Shell Leaks files, as well as books written and published by John Donovan - Kindle eBooks. Timeline of the Donovan Shell Feud. Toxic History of Royal Dutch Shell Group. Shell and the Donovans: The Full Media Record — 550+ Articles, 110 Books, 40 Years. *All created and supported by internet wizz, Nick Gill.

Rossport Five could face jail until October

Aug 31st, 2005
by John Donovan.
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The Mayo News Online (Ireland): Rossport Five could face jail until October

“The legal teams are talking, and are in continual contact, but there is little point calling for dialogue when one party are being extremist and are not going to give anything. Shell will not vacate the injunction because they wish to have recourse to this court order in the future. I don’t know if their intention is to imprison everyone in Rossport, but this is an appalling situation. Taking out full-page advertisements in newspapers is only PR.”

Wednesday 31 August 2005

NO movement seems likely in the ongoing case of the Rossport Five, with one leading opponent of the Corrib onshore pipeline admitting little progress is likely prior to October.

Wednesday of last week saw Cllr Henry Kenny, Cathaoirleach of Mayo County Council, meet the five imprisoned men in Cloverhill Prison, along with Cllr Paddy McGuinness, Fine Gael whip on the authority. The men had said they would purge their contempt of court if Shell E&P Ireland Ltd (SEPIL) were to remove the injunction which ultimately led to their incarceration, and there were fleeting hopes last week that enough common ground existed between the two sides’ respective legal teams to allow this to happen. read more

*This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, and shellwikipedia.com, are owned by John Donovan - more information here. There is also a Wikipedia segment, the Shell DPA Files, "Shell and the Spies", the Shell Leaks files, as well as books written and published by John Donovan - Kindle eBooks. Timeline of the Donovan Shell Feud. Toxic History of Royal Dutch Shell Group. Shell and the Donovans: The Full Media Record — 550+ Articles, 110 Books, 40 Years. *All created and supported by internet wizz, Nick Gill.

Shell settles Class Action Lawsuit and undertakes ethics makeover

Aug 31st, 2005
by John Donovan.
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Royal Dutch Shell settles Class Action Lawsuit and undertakes ethics makeover

Wednesday 31 August 2005: 20.00 ET

By John Donovan

Shell today announced that a settlement has been reached with plaintiffs in a shareholder derivative actions arising out of Shell’s 2004 reserves recategorisation – the Shell reserves scandal.

The action alleged that named individual defendants and third parties including PRICEWATERHOUSECOOPERS and KPMG breached their fiduciary duties to the companies, abused their control over the Companies, aided and abetted breaches by others, and/or committed gross mismanagement and/or constructive fraud. read more

*This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, and shellwikipedia.com, are owned by John Donovan - more information here. There is also a Wikipedia segment, the Shell DPA Files, "Shell and the Spies", the Shell Leaks files, as well as books written and published by John Donovan - Kindle eBooks. Timeline of the Donovan Shell Feud. Toxic History of Royal Dutch Shell Group. Shell and the Donovans: The Full Media Record — 550+ Articles, 110 Books, 40 Years. *All created and supported by internet wizz, Nick Gill.

ROYAL DUTCH SHELL NEWS HEADLINES AUGUST 2005

Aug 31st, 2005
by John Donovan.
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ROYAL DUTCH SHELL PLC NEWS HEADLINES AUGUST 2005

ShellNews.net: Royal Dutch Shell settles another US Class Action Lawsuit and undertakes ethics makeover: Wednesday 31 August 2005: 20.00 ET: READ

The Mayo News Online (Ireland: Rossport Five could face jail until October: “The legal teams are talking, and are in continual contact, but there is little point calling for dialogue when one party are being extremist and are not going to give anything. Shell will not vacate the injunction because they wish to have recourse to this court order in the future. I don’t know if their intention is to imprison everyone in Rossport, but this is an appalling situation. Taking out full-page advertisements in newspapers is only PR.”: Wednesday 31 August 2005: READ read more

*This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, and shellwikipedia.com, are owned by John Donovan - more information here. There is also a Wikipedia segment, the Shell DPA Files, "Shell and the Spies", the Shell Leaks files, as well as books written and published by John Donovan - Kindle eBooks. Timeline of the Donovan Shell Feud. Toxic History of Royal Dutch Shell Group. Shell and the Donovans: The Full Media Record — 550+ Articles, 110 Books, 40 Years. *All created and supported by internet wizz, Nick Gill.

Shell Causes Earthquakes in the Netherlands

Aug 30th, 2005
by John Donovan.
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FROM OUR AUGUST 2005 SHELL NEWS ARCHIVE

BLOOMBERG: Shell Causes Earthquakes in the Netherlands

“Northern Netherlands Trembles as Gas Extraction Triggers Quakes”: The entire area is sinking…

Posted 30 August 2005

Northern Netherlands Trembles as Gas Extraction Triggers Quakes Aug. 29 (Bloomberg) — Arie de Langen says he never thought he’d have to worry about earthquakes in his northern Dutch village of Sappemeer.

Quakes were unheard of and homes in the dozens of towns and villages that dot the region were built with wooden frames and beamed roofs. Then a venture between Royal Dutch Shell Plc, Europe’s No. 2 oil company, and Exxon Mobil Corp. began extracting natural gas in the region, triggering land shifts. read more

*This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, and shellwikipedia.com, are owned by John Donovan - more information here. There is also a Wikipedia segment, the Shell DPA Files, "Shell and the Spies", the Shell Leaks files, as well as books written and published by John Donovan - Kindle eBooks. Timeline of the Donovan Shell Feud. Toxic History of Royal Dutch Shell Group. Shell and the Donovans: The Full Media Record — 550+ Articles, 110 Books, 40 Years. *All created and supported by internet wizz, Nick Gill.

MLNG signs gas deals with 3 firms

Aug 30th, 2005
by John Donovan.
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News Straits Times (Malaysia): MLNG signs gas deals with 3 firms

“At the signing, Petronas was represented by its vice president of exploration and production business Abdullah Karim… Sarawak Shell by Shell Malaysia chairman Datuk Jonathan Chadwick”

Tuesday 30 August 2005

MALAYSIA Liquefied Natural Gas Sdn Bhd (MLNG), the owner and operator of the country’s first LNG plant in Bintulu, Sarawak, has secured gas supply of up to 400.4 trillion British thermal units until 2020.

The company yesterday concluded a gas sales agreement (GSA) with Petroliam Nasional Bhd (Petronas), Petronas Carigali Sdn Bhd and Sarawak Shell Bhd for the supply of the gas to the plant.

Petronas said in a statement yesterday that the GSA effectively extends a similar earlier arrangement between the same parties that expired in March 2003. read more

*This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, and shellwikipedia.com, are owned by John Donovan - more information here. There is also a Wikipedia segment, the Shell DPA Files, "Shell and the Spies", the Shell Leaks files, as well as books written and published by John Donovan - Kindle eBooks. Timeline of the Donovan Shell Feud. Toxic History of Royal Dutch Shell Group. Shell and the Donovans: The Full Media Record — 550+ Articles, 110 Books, 40 Years. *All created and supported by internet wizz, Nick Gill.

Reuters: Shell says Mars platform damaged after Katrina

Aug 30th, 2005
by John Donovan.
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Reuters: Shell says Mars platform damaged after Katrina

Tuesday 30 August 2005

Tue Aug 30, 2005 10:25 AM BST

LONDON (Reuters) – Royal Dutch Shell said an aerial inspection of its Mars platform in the Gulf of Mexico indicated some damage to its upper deck following the passing of Hurricane Katrina.

“A fixed-wing reconnaissance flight has completed a preliminary assessment of damage to Shell’s GoM assets. An early report indicates Shell’s Mars platform has sustained topside damage,” Shell (RDSa.L: Quote, Profile, Research)(RDSb.L: Quote, Profile, Research) said on its website, in a message dated August 29. read more

*This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, and shellwikipedia.com, are owned by John Donovan - more information here. There is also a Wikipedia segment, the Shell DPA Files, "Shell and the Spies", the Shell Leaks files, as well as books written and published by John Donovan - Kindle eBooks. Timeline of the Donovan Shell Feud. Toxic History of Royal Dutch Shell Group. Shell and the Donovans: The Full Media Record — 550+ Articles, 110 Books, 40 Years. *All created and supported by internet wizz, Nick Gill.

SOLAR SHELL ENTERS INDONESIAN MARKET FOR SOLAR ENERGY

Aug 30th, 2005
by John Donovan.
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Asia Pulse: SOLAR SHELL ENTERS INDONESIAN MARKET FOR SOLAR ENERGY

TUESDAY Aug 30, 2005

JAKARTA, Aug 30 Asia Pulse – Solar Shell has sounded out the market of solar energy in Indonesia by opening its marketing office in Jakarta, chief of Indonesia Shell group Bob Moran said in a press release here on Monday.

“I am very happy to expand our market by opening an office in Indonesia. Our activity is to supplement the government policy in developing its latest energy to solve the country`s electricity problem,” Bob Moran said in the statement. According to him, the objective of the company`s market in Indonesia was to sell solar energy to rural areas which have yet to be electrified.

He said the opening of the Jakarta office was based on Shell`s experience in construction solar energy generating plants in India, Sri Lanka and the Philippines, and the company`s success in meeting the solar energy demands in the rural areas in those countries.

Moran noted further that they had a commitment to supply solar power to 2,000 homes in rural areas in the next two years. read more

*This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, and shellwikipedia.com, are owned by John Donovan - more information here. There is also a Wikipedia segment, the Shell DPA Files, "Shell and the Spies", the Shell Leaks files, as well as books written and published by John Donovan - Kindle eBooks. Timeline of the Donovan Shell Feud. Toxic History of Royal Dutch Shell Group. Shell and the Donovans: The Full Media Record — 550+ Articles, 110 Books, 40 Years. *All created and supported by internet wizz, Nick Gill.

Irish Times: Jailed Mayo men accuse Shell of ‘vindictiveness’

Aug 30th, 2005
by John Donovan.
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Irish Times: Jailed Mayo men accuse Shell of ‘vindictiveness’

“In turning down a request from Mayo County Council to with-draw the restraining injunction against the men, Shell said such a move would undermine the entire legal basis for the onshore pipeline. A Shell spokesman said yesterday that setting aside the injunction was not a realistic option.”

Liamy McNally and Tim O’Brien

Aug 30, 2005

The five Mayo men imprisoned for contempt of court in connection with their opposition to the proposed Corrib gas pipeline have accused Shell of “vindictiveness and spite” in not facilitating their release from prison.

The five said the refusal by Shell to withdraw a temporary injunction was hindering their ability to prepare for a full hearing of the case scheduled for October.

In turning down a request from Mayo County Council to with-draw the restraining injunction against the men, Shell said such a move would undermine the entire legal basis for the onshore pipeline. A Shell spokesman said yesterday that setting aside the injunction was not a realistic option. read more

*This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, and shellwikipedia.com, are owned by John Donovan - more information here. There is also a Wikipedia segment, the Shell DPA Files, "Shell and the Spies", the Shell Leaks files, as well as books written and published by John Donovan - Kindle eBooks. Timeline of the Donovan Shell Feud. Toxic History of Royal Dutch Shell Group. Shell and the Donovans: The Full Media Record — 550+ Articles, 110 Books, 40 Years. *All created and supported by internet wizz, Nick Gill.

Another Storm Casualty: Oil Prices

Aug 30th, 2005
by John Donovan.
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The New York Times: Another Storm Casualty: Oil Prices

“Shell, the company with the largest operations in the Gulf of Mexico, also said yesterday that it would dispatch an aircraft to review the status of its assets in the area.”

By JAD MOUAWAD and SIMON ROMERO

Published: August 30, 2005

The region that produces and refines a major portion of the nation’s oil and natural gas was largely shut down by Hurricane Katrina yesterday, further tightening strained energy markets and sending prices to new highs.

Gulfport, Miss., and New Orleans suffered major damage.

As oil companies evacuated offshore operations throughout the Gulf of Mexico, oil production in that region was reduced by 92 percent and gas output was cut by 83 percent. read more

*This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, and shellwikipedia.com, are owned by John Donovan - more information here. There is also a Wikipedia segment, the Shell DPA Files, "Shell and the Spies", the Shell Leaks files, as well as books written and published by John Donovan - Kindle eBooks. Timeline of the Donovan Shell Feud. Toxic History of Royal Dutch Shell Group. Shell and the Donovans: The Full Media Record — 550+ Articles, 110 Books, 40 Years. *All created and supported by internet wizz, Nick Gill.

SHELL MALAYSIAN CHAIRMAN, JON CHADWICK

Aug 30th, 2005
by John Donovan.
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SHELL MALAYSIAN CHAIRMAN, JON CHADWICK, UNDER FIRE FOLLOWING LEAKED EMAIL

Tuesday 30 August 2005: 11.30 ET

By Alfred Donovan

ShellNews.net has obtained a leaked copy of an email dated 18 August 2005 from Shell Malaysia Chairman, Datuk Jon Chadwick to all Shell employees in Malaysia, which responds to points raised exclusively on this website. Our articles have focused on the strikingly different approach adopted by Shell in response to employee class action lawsuits brought by its USA staff, as opposed to its utterly ruthless treatment dished out to its Shell Malaysian employees. Basically Shell has been deliberately dragging out the Malaysian class action lawsuits even though many of the claimants are elderly, some suffer from memory loss, some are ill and others have already died, while Shell heartlessly drags out the litigation. An example of one of the relevant articles can be read via this link: Read read more

*This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, and shellwikipedia.com, are owned by John Donovan - more information here. There is also a Wikipedia segment, the Shell DPA Files, "Shell and the Spies", the Shell Leaks files, as well as books written and published by John Donovan - Kindle eBooks. Timeline of the Donovan Shell Feud. Toxic History of Royal Dutch Shell Group. Shell and the Donovans: The Full Media Record — 550+ Articles, 110 Books, 40 Years. *All created and supported by internet wizz, Nick Gill.

ALARM BELLS RING OVER TENDERING FOR ROYAL DUTCH SHELL CONTRACTS

Aug 29th, 2005
by John Donovan.
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(Modified 23 April 2018: Relevant Shell executives name changed to initials only “AJL”)

ALARM BELLS RING OVER TENDERING FOR ROYAL DUTCH SHELL CONTRACTS

Monday 29 August 2005: 03.0 ET

By Alfred Donovan

Shell Petroleum Development Company of Nigeria has a double page spread advertisement in the current edition of The Economist magazine (August 27th -September 2nd) inviting tenders for a major contract in Nigeria. There is a volume of small print setting out the tender terms, which includes a provision that Shell will not enter into correspondence on why a company has been short-listed or not short-listed. Basically applicants for “pre-qualification” have to jump through various hoops and submit the required information on a confidential basis. Only companies that pass the pre-qualification evaluation will be eligible to be invited by Shell to “competitively” tender. read more

*This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, and shellwikipedia.com, are owned by John Donovan - more information here. There is also a Wikipedia segment, the Shell DPA Files, "Shell and the Spies", the Shell Leaks files, as well as books written and published by John Donovan - Kindle eBooks. Timeline of the Donovan Shell Feud. Toxic History of Royal Dutch Shell Group. Shell and the Donovans: The Full Media Record — 550+ Articles, 110 Books, 40 Years. *All created and supported by internet wizz, Nick Gill.
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