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May 11th, 2004:

London Evening Standard: Hewitt set to sign China trade deals

London Evening Standard: Hewitt set to sign China trade deals

11 May 2004

TRADE Secretary Patricia Hewitt was today set to sign contracts worth £850m with her Chinese counterpart, Bo Xilai, for British companies working in China.

The deals cover link-ups between BP and Royal Dutch/Shell and two Chinese oil companies. They also involve DIY retailer Kingfisher and a Chinese home appliances maker.

This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

The Independent: Intelligent Energy plans flotation to develop fuel cells

The Independent: Intelligent Energy plans flotation to develop fuel cells

By Michael Harrison, Business Editor

11 May 2004

An energy company specialising in fuel cell technology, which includes the former Social Democrat leader Lord Owen and the Russian oil company Yukos among its shareholders, is to float on the London stock market with an expected price tag of about £120m.

Intelligent Energy, which was founded three years ago and already boasts a blue-chip client list including Boeing and one of the world’s top five car manufacturers, is aiming to raise between £40m and £60m when it lists on the Alternative Investment Market next month.
read more

This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Shell dividends are still flowing

TimesOnline: Shell dividends are still flowing

May 08, 2004
Posted 11 May 04

Stella Shamoon provides her regular update on the performance of the Share of the Month portfolio

OILS

Shell’s first-quarter adjusted net income rose 9 per cent to $4.25 billion (£2.37 billion), albeit buoyed by exceptional gains. But a $2 billion share buyback and a $2 billion increase in capital expenditure (with only $200 million being spent on pure exploration) was comforting after so many nasty surprises.

Shell is strong, gushing cash and dripping dividends. So I am not selling my shares now, not least because it is under pressure to reform its antiquated and opaque structure. Nor am I selling my shares in ENI and Schlumberger. The oil price is red hot and so, sadly, is geopolitical risk. Hold all. read more

This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Score of Shell

Financial Times: Score of Shell

Published: May 11 2004

Here’s a clue from Royal Dutch/Shell that, in the face of demands by some investors for a governance overhaul, any change is unlikely to shift the balance of power at the oil giant.

Jeroen van der Veer, appointed chairman two months ago after its incredible shrinking reserves brought the departure of Sir Philip Watts, tiptoed around the issue when grilled on a Dutch chat-show.

Having said it would be wrong to speculate on the outcome due next month of a review of the group’s century-old dual-board structure, Van der Veer seemed to do just that. read more

This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.