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May 19th, 2004:

Sacramento Bee: Shell denies greed spurs the closure

Sacramento Bee: Shell denies greed spurs the closure

By Dale Kasler — Bee Staff Writer

Wednesday, May 19, 2004

BAKERSFIELD – In the furious debate over California’s gasoline prices, the Shell Oil refinery in Bakersfield – a forlorn mess of pipes and boilers on a state road choking on truck fumes – usually got overlooked. Until Shell decided to close it.

Set for an Oct. 1 shutdown, the refinery produces just a sliver of the state’s motor fuel but has been embraced as a cherished resource by economists, elected officials and consumer advocates. They say losing the refinery could be devastating in a market where the balance between supply and demand is extraordinarily delicate.
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AllAfrica.com: Task Force Stalls Closure of Shell Operations

AllAfrica.com: Task Force Stalls Closure of Shell Operations   

Vanguard (Lagos)

May 19, 2004

Osaro Okhomina

Warri

 

THE Men of the Joint Security Task Force, Operation Restore Hope, averted yesterday a possible closure of the operational activities of the Shell Development Company (SPDC) after Ten(10) wetland communities of the three Warri local government areas protested the alleged plan by the oil company to exclude them in the list of payment of surface rents and re-acquisition of expired leases for oil mining (OML) and Oil Prospecting Licences (OPL).

There was however no report of any violence but the communities from Warri South, Warri North and Warri South-west areas insisted that they would resist any attempt by the SPDC to exclude them from the list of beneficiaries of the payment of lease and rent not yet released by the company. Speaking to newsmen on behalf of the aggrieved wetland communities of Kantu, Omadina, Egbokodo, Ugborodo and others, Mr Godwin Eyitemi said they were ready to resist the alleged attempt by the SPDC to deprive them of payments due and meant to develop their areas.  read more

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Linda Cook

The Times: Need to Know: Global Business Briefing

Edited by Neelam Verjee and Joe Bolger

May 19, 2004

Royal Dutch/Shell, the Anglo-Dutch oil giant, has appointed Linda Cook, head of Shell Canada, as a new managing director to bolster a board which has been depleted by recent sackings.

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Street Sleuth: Oil-Price Forecasts Seem to Miss Upward Trend

The Wall Street Journal: Street Sleuth: Oil-Price Forecasts Seem to Miss Upward Trend

Wall Street Tends to Make Wrong Calls in Rallies; History Is No Assurance

By JUSTIN LAHART

Staff Reporter of THE WALL STREET JOURNAL

May 19, 2004; Page C3

Most energy watchers agree: The price of oil won’t remain above $40. But if the recent history of oil prices is any sort of guide, the slippery slope may lead upward.

Wall Street’s consistently wrong call on the price of a barrel of oil at any given time is perhaps most notable when the commodity is rallying. Recent lowball oil forecasts, in turn, help explain why Wall Street has produced low earnings forecasts for energy companies. The problem: Energy analysts by profession appear to assume a reversion to means when analyzing oil — that is, they assume any big move in price soon will be followed by a move back to the historical norm.
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The Independent: Shell moves to plug holes in management board

The Independent: Shell moves to plug holes in management board

By Michael Harrison

19 May 2004

Royal Dutch/Shell, the crisis-torn oil major, moved yesterday to strengthen its board by appointing the head of its Canadian operations to its committee of managing directors.

Linda Cook, the president and chief executive of Shell Canada, will join the board at the beginning of August, assuming responsibility for Shell’s gas and power operations.

She is the first new appointment to Shell’s committee of managing directors since the chairman Sir Philip Watts, the head of exploration and production Walter van de Vijver and the finance director Judy Boynton were sacked over the reserves misbooking scandal.
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Business, Agencies To Standardize Their Benchmarks

The Wall Street Journal: Business, Agencies To Standardize Their Benchmarks

By WILLIAM M. BULKELEY

Staff Reporter of THE WALL STREET JOURNAL

May 19, 2004; Page A2

In an effort to boost productivity, 14 corporations, government organizations and consultants have agreed to share and standardize performance benchmarks, in the same way that open-source software programmers share code.

The Open Standards Benchmarking Collaborative, which is scheduled to be unveiled today includes International Business Machines Corp., Procter & Gamble Co.; Shell Oil Co., a unit of Royal Dutch/Shell Group; the U.S. Navy and the World Bank.
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Shell to Name Cook A Managing Director

The Wall Street Journal: Shell to Name Cook A Managing Director

REUTERS NEWS SERVICE

May 19, 2004

Royal Dutch/Shell Group said on Tuesday it would make Linda Cook, head of Shell Canada, a managing director from Aug. 1 to bolster a board depleted by recent sackings.

Ms. Cook, a veteran of more than 20 years with the company, will take on executive responsibility for gas and power from Malcolm Brinded. This will leave Mr. Brinded free to run the core oil-and-gas division, a task he took on after Walter van de Vijver was fired in March for his part in a scandal over overstated reserves.
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Daily Telegraph: Shell shift

Daily Telegraph: Shell shift

19 May 2004

Shell has appointed Linda Cook, former Shell Canada chief executive, to its committee of managing directors. She takes over the gas and power business from Malcolm Brinded, who also runs the exploration and production arm.

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The Scotsman: Cook joins Shell’s MD team to free Brinded for E&P role

The Scotsman: Cook joins Shell’s MD team to free Brinded for E&P role

MARTIN FLANAGAN

CITY EDITOR

Wed 19 May 2004

SHELL yesterday announced that the female chief executive of Shell Canada is to take control of the Anglo-Dutch oil giant’s gas and power operations in the latest major boardroom change following a spate of sackings.

The appointment of Linda Cook as a new managing director at Shell, subject to shareholder approval at a meeting on 28 June, is meant to free up Malcolm Brinded, the current boss of gas and power, to focus exclusively on the core exploration and production division.
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Reuters.com: At least three die in Shell Nigeria oil well fire

Reuters.com: At least three die in Shell Nigeria oil well fire

Posted 19 May 04

LAGOS, May 18 (Reuters) – At least three people died in a fire that engulfed Royal Dutch Shell’s disused Afam Well-16 in southeastern Nigeria, the company said on Tuesday.

Shell, Nigeria’s biggest producer, said in a statement the dead were members of a gang of suspected oil thieves who ruptured parts of the wellhead. A helicopter overfly sighted a burning tanker at the scene.

Shell said it had mobilised oil well fire experts Boots and Coots International to the facility because of the “intensity and complexity” of the inferno which has been raging since Sunday.
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New Californian Senate Panel To Examine Gasoline, Diesel Pricing

The Wall Street Journal: New Californian Senate Panel To Examine Gasoline, Diesel Pricing

DOW JONES NEWSWIRES

May 19, 2004 7:31 a.m.

NEW YORK — A newly-formed California Senate committee will investigate oil companies’ market behavior in the face of record-high gasoline prices in the state, an aide to committee chairman Sen. Joseph Dunn, D-Santa Ana, said Tuesday.

Dunn’s Senate Select Committee on Gasoline and Diesel Pricing will be similar in design to a panel he chaired in 2001-2003 to examine electricity price manipulation during California’s energy crisis, the aide said.
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The Guardian: Responsible attitudes

The Guardian: Responsible attitudes

By Marc Lopatin

Wednesday May 19, 2004

Many companies now report on the social and environmental impacts of their activities as a way of enhancing their reputation. But is this just window-dressing for business-as-usual?

After years of defending itself from charges of worker exploitation, Gap, the clothing retailer, last week made the shock confession that many of its 3,000 factories across the world fail to comply with minimum labour standards.

Such an admission would have been unthinkable a few years ago when Shell dumped an oil platform in the North Sea. But while this corporate confession – unlike its theological equivalent – does not instantly absolve Gap from its responsibilities, it does demonstrate the changing role of business in society.
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Daily Mail: American woman for Shell board

Daily Mail: American woman for Shell board

19 May 2004,

TROUBLED oil giant Royal Dutch/Shell has opted to beef up its board with a company veteran rather than go outside for fresh blood.

American Linda Cook, 45, head of Shell Canada, becomes one of four managing directors at the company, bolstering a hierarchy depleted by the recent sackings of ex-chairman Sir Phil Watts, finance chief Judy Boynton and exploration boss Walter van de Vijver over the reserves debacle.

Cook, born in Kansas, joined Shell in 1980. She takes on her new job from 1 August. Her appointment will leave fellow managing director Malcolm Brinded free to run the core oil and gas division, at the centre of the scandal about overstated reserves.
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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.