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May 16th, 2004:

Job file: If you have been overpaid, be very, very scared

The Times: Job file: If you have been overpaid, be very, very scared

By Simon Howard   

May 16, 2004

NOT long ago I sat through the proceedings of a High Court case, and for the whole first day the lawyers debated which definition of dishonesty would be used. As I learnt then, the term “dishonest” is not very precise. It covers everything from a little white lie about whom you met for a drink last night to the “dishonest appropriation of property belonging to another with the intention of permanently depriving that person of it” — in other words, theft. 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.

The Sunday Times: Shell coy over £1bn refinery in China

The Sunday Times: Shell coy over £1bn refinery in China

From Carl Mortished in Hong Kong

May 15, 2004

SHELL is talking to CNOOC, a leading Chinese oil company, about building a £1 billion oil refinery in Guangdong province to exploit the region’s demand for fuel.

The refinery would be built next to a vast petrochemical plant that CNOOC and Shell are building at Huizhou in Daya Bay. Costing $4.3 billion (£2.45 billion), the CSPC-Nanhai complex would supply raw chemicals for China’s rapidly expanding plastics and packaging industry.

Shell’s negotiations with CNOOC over a significant energy infrastructure project have emerged as concerns mount about the impact on the price of oil of China’s soaring energy needs.
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.

The Sunday Times: Chemical reaction reflects shift to capitalism

The Sunday Times: Chemical reaction reflects shift to capitalism

From Carl Mortished in Hong Kong

May 15, 2004

YOU may have never heard of Huizhou, an unremarkable Chinese port on the Pearl River Delta, a couple of hours’ drive from Hong Kong. But if Li Xiufeng has his way, it will soon be as famous as Rotterdam, Houston or Singapore.

The secretary of the local branch of the Communist Party has big ambitions: “We have been to these places and we hope to build Huizhou into such a place, to become one of the most dynamic cities in southern China.”

His strategy is chemicals and while he speaks in the city hall, thousands of his constituents are working at a construction site down the road, each earning about $10 a day building a massive complex that is to become the anchor of the Daya Bay petrochemicals industrial park.
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.

The Sunday Telegraph: Cut-price chairmen are best avoided

The Sunday Telegraph: Cut-price chairmen are best avoided

(Filed: 16/05/2004)

The price of FTSE100 chairmen is going up. Until recently, the going rate seemed to be about £250,000. The latest crop – for example, Dick Olver at BAE Systems and Niall FitzGerald at Reuters – is getting £500,000.

Chairmen are also increasingly getting big share grants. Think of Richard Lapthorne at Cable & Wireless or, more recently, David Arculus at mmO2. Some people will scream rip-off. But they shouldn’t. This is the healthy working of the market.

Several top UK companies are currently looking for, or about to look for, new chairmen. The most prominent – Shell, Glaxo, Marks & Spencer and Sainsbury – all have problems. 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.

The Sunday Telegraph: Why are gas prices so high?

The Sunday Telegraph: Why are gas prices so high?

(Filed: 16/05/2004)

Centrica is urging the Government to probe soaring wholesale prices, write Andrew Murray-Watson and Sylvia Pfeifer 

British consumers might be forgiven for thinking that utility companies are out to suck them dry. Water prices are to soar to pay for the replacement of a crumbling pipe network, electricity prices are already rising by twice the rate of inflation in some areas, and now domestic gas prices are set to go through the roof. Every time a tap is turned, an egg is boiled or a light is switched on, a meter starts to spin like a top.
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.

Now If Only Shell Could Find Some Oil …

Fortune Magazine: Now If Only Shell Could Find Some Oil …

By Janet Guyon

Posted 16 May 2004

Forget the reserve drama: At the current rate, Shell will run out of oil in a decade.

Now that Royal Dutch/Shell has come clean about the games it was playing with its oil reserves, can it get out of the hole it’s in? That’s what investors want to know, and the prospects aren’t good. At least not in the short term.

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.