PETER VOSER, chief executive of Royal Dutch Shell, is selling $10 billion (£6.4 billion) of assets as part of his drive to revitalise the oil giant.
The Times
Stealthy Shell sales could bag $10bn
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 investigates posting of personal data
The Times
February 13, 2010
The leaked list includes the names and telephone numbers of 170,000 staff
Robin Pagnamenta, Energy Editor
A full-scale investigation was under way last night into a security breach at Royal Dutch Shell as the oil company faced explaining to staff how the personal details of 170,000 employees and contractors had made their way on to the internet.
The Times has learnt that seven non-governmental organisations (NGOs) who were e-mailed a database of all Shell staff this month have been dragged into the row.
Confidential Shell database published on web
The database featured a letter that set out criticism of Shell’s activities in Nigeria
The Times
February 12, 2010
Robin Pagnamenta, Energy Editor
Royal Dutch Shell was at the centre of a major security breach last night after the names and telephone numbers of tens of thousands of the oil companys staff were circulating freely on the internet.
The details of up to 170,000 workers and contractors linked to the company, including some workers addresses, were contained in a database of Shells global workforce.
They couldnt be sure of Shell
From The Times
February 5, 2010
In his fascinating new book about his life and long career at BP, Lord Browne reveals he had talks with Jeroen van der Veer in 2004 about a merger with Shell.
The idea was to combine the two companies and to dispose of all BPs refining and marketing operations. Lord Browne says it seemed so obviously right to me and the executive team.
But some BP directors took a different view and the proposal was never discussed by the board.
In retrospect, such a deal would not have addressed the key challenge both companies now face access to reserves. And while Lord Browne says it would have yielded cost savings of $9 billion, results from both companies this week have shown there was huge scope for efficiency savings even without a merger.
More job cuts at ailing Royal Dutch Shell
The Sunday Times
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By Danny Fortson
PETER VOSER, boss of Royal Dutch Shell, will warn of fresh job cuts this week as he reveals sagging profits at the oil giant. Since taking the top job six months ago Voser has cut 5,000 staff. He warned this weekend that the restructuring may need to go further as the company battles falling production and a huge cost base. He added: As part of that, it may also mean that some more people have to go.
Analysts expect the group to report a quarterly profit of $2.9 billion (£1.8 billion) on Thursday, a 40% drop over the same period last year. This would take its annual profit to $13.4 billion, down 57% on the $31.4 billion it made in 2008 when the oil price hit a record of $147 a barrel.The results will come in stark contrast to rival BP. Analysts expect it to post a profit of $4.8 billion for the quarter, about 75% better than the same time a year ago. The jump is largely thanks to the overhaul initiated by Tony Hayward since he took over as chief executive in 2006.
Peter Hitchens, analyst at Panmure Gordon, said: The question is, can Voser turn it round and get Shell going in the right direction? The underlying business is still in decline.
Voser is carrying out a raft of other cost-cutting measures, including the sale of large swathes of its Nigerian oilfields, a plan revealed in The Sunday Times last month.
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Not much time for Shell to lick BP inflicted wounds
The Times
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Emma Keens
After being knocked off the top spot as Europes largest oil and gas producer by market capitalisation this week, Shell executives did not get much time to lick their wounds.
The Anglo-Dutch companys shares continued their slide yesterday amid talk that it had been guiding analysts to reduce their fourth-quarter earnings forecasts by about 20 per cent. A handful of downgrades served only to fuel that fire.
One man feeling the pain more than most will be Simon Henry (right), Royal Dutch Shell groups chief financial officer, whose first year in the role has been anything but smooth, with falling demand continuing to pummel the oil industry.
Three British workers kidnapped in Nigeria
The men were working at the Shell-operated Afam gas and power plant east of Port Harcourt. They work for Netco Dietsmann, a venture between Nigerias state-owned National Engineering and Technical Company and the Dutch company Dietsmann.
Shell praise of its arch critics – the Donovans
What Royal Dutch Shell Plc had to say about The Sunday Times article – “Two men and a website mount vendetta against an oil giant“
“You know the background to this one. The Donovans come across well in the story”
The comment was contained in a Shell internal email sent on the day the article was published, 19 July 2009. The names of Shell employees involved in the email correspondence have been deleted to protect their identity.
Shell is fined over accident at oil refinery
The Times
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Documents released by Royal Dutch Shell Plc under the Data Protection Act to John Donovan, a prominent critic of the world’s largest oil company, show that Shell does not deny that his intervention in the Sakhalin2 project in Russia cost Shell billions – according to the Sunday Times – $22 billion.
Shell internal correspondence from December 2006 to March 2007 reveal that Shell was concerned that:
“…the Sunday Times has picked up the Sakhalin/drilling leaked e-mail story from Donovan’s website, They are responding with agree Os and As that have been used previously with the Guardian, but are first trying to kill the story by pointing out that is old news – slim chance that this will work.”
Chinese in £3bn battle to buy Shell assets in Nigeria
Two Chinese government-controlled companies are among front-runners in a £3 billion battle for control of oil assets in Nigeria that have been put up for sale by Royal Dutch Shell.
Shell plans £3bn sale in Nigeria
The Sunday Times
// <![CDATA[ // -1?'https:':'http:'; var WlUrl= WlProtocol +'//rc.newsint.newscorp.individuad.net/Get/newsint/JS/GetRcmd.js?ord=' +WlRnd; document.write(''); // ]]>http://rc.newsint.newscorp.individuad.net/Get/newsint/JS/GetRcmd.js?ord=37434225204 // <![CDATA[ // December 20, 2009Royal Dutch Shell, the oil giant, has launched a shake-up of its controversial operations in Nigeria by offering oilfields valued at up to $5 billion (£3.1 billion) for sale.
The auction comes as Nigeria prepares to impose harsher terms on foreign operators next month and hand greater control to domestic firms.
Shell is the biggest western oil firm in Nigeria, the worlds tenth largest producer, and has had operations there for 70 years.
It is understood that the company recently launched a formal sales process that is being overseen by Ann Pickard, head of Shell Nigeria.
British groups vie for Iraq oil and gas contracts
Three British companies BP, Cairn Energy and BG Group are among the bidders, alongside companies such as Royal Dutch Shell, Total and Gazprom. Competition is expected to be fierce and the groups were reluctant to reveal which fields they wanted.
Donovan Shell Feud
The Times
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