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Posts Tagged ‘Reserves’

Shell Lagged Behind BP in Replacing Reserves in 2008

March 17 (Bloomberg) -- Royal Dutch Shell Plc, Europe’s biggest oil company by market value, failed to match all of last year’s oil and gas production with new discoveries, in contrast to smaller rival BP Plc.

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Shell’s new chief executive needs to deliver the jam tomorrow

Shell's traditional rival BP is a safer short-term bet. Its production growth will be faster in the short term, and the projects offer higher margins. It is also spending less to deliver that growth. This gives investors greater comfort that falling oil prices won't endanger its dividend, and might explain why BP shares have outperformed Shell's by 7pc in since the beginning of September.

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Bernstein Liebhard & Lifshitz, LLP Announces Final Approval of Royal Dutch Shell Securities Class Action Settlement

PR Web

Fri Oct 10, 8:00 AM ET

New York, New York (PRWEB) October 10, 2008 — Bernstein Liebhard & Lifshitz, LLP (“Bernstein Liebhard”) announced that on September 26, 2008, Judge Joel A. Pisano gave final approval to a U.S. settlement with a minimum cash value of $130 million in In re Royal Dutch/Shell Transport Securities Litigation, No. 04-374 (D.N.J.) (the “Action”). This settlement is in addition to a $350 million European settlement on behalf of a class of non-U.S. purchasers of Shell securities on non-U.S. exchanges (the “Non-U.S. Purchasers”), which the court-appointed lead plaintiffs and Bernstein Liebhard were, in the words of Judge Pisano, a “substantial factor” in bringing about. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Announcement Court Hearing Regarding Binding Declaration of the Shell Securities Fraud Settlement Agreement

AMSTERDAM, October 7 /PRNewswire/ — The Amsterdam Court of Appeals has scheduled a hearing on 20 November 2008 regarding the petition to declare the Non-US Settlement Agreement concerning reserve-related claims binding.

The parties to the settlement agreement include Shell*, institutional investors including APG (All Pensions Group on behalf of pension fund ABP) and PGGM (on behalf of Stichting Pensioenfonds Zorg en Welzijn), the Vereniging van Effectenbezitters (VEB), the Dutch shareholders association representing individual shareholders in The Netherlands and similar organizations, and the Stichting Shell Reserves Compensation Foundation. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Continental Shift: BP Is Latest Gas Player

BP's announcement comes three days after rival Royal Dutch Shell PLC announced a C$5.9 billion (about $6 billion) takeover bid for Canadian natural-gas producer Duvernay Oil Corp. Shell also has partnered with EnCana Corp. to enter what has become the hottest new unconventional play, the Haynesville Shale in east Texas and Louisiana.

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Repsol stirs Spanish passions for new energy game

Like Shell, Repsol was forced a couple of years ago to restate and write down its oil reserves by as much as a quarter.

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Diluting SEC security rules a last-ditch push by appointees of President Bush

The regulatory changes are on the agenda of Christopher Cox, chairman of the Securities and Exchange Commission. But critics say the changes appear to be a last-ditch push by appointees of President Bush to dilute securities rules passed after the collapse of Enron and other large companies — measures that were meant to forestall accounting gimmicks and corrupt practices that led to those corporate failures.

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Talks aim to avert Arctic oil rush

Commercial interest in exploiting the Arctic is hotting up. Denmark recently attracted the likes of ExxonMobil and Chevron, the two biggest US energy groups, along with several smaller players, to explore off its western coast. Alaska, meanwhile, garnered aggressive bidding by Royal Dutch Shell, Europe's biggest energy group, which earlier this year won the right to explore the remote part of the state's Arctic North Slope.

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Jeroen van der Veer and the Shell reserves fraud

There was speculation in the news media about the involvement of Jeroen van der Veer, a Group Managing Director. Recently published court documents relating to the remaining litigation arising from the scandal throws more light on his involvement

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Jeroen van der Veer cuts a deal with U.S. Attorneys

As you are probably aware, Sir Philip has already threatened to take legal action in respect of allegations accusing him of being a fraudster - an entirely accurate description based on the extensive evidence I have seen.

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.
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