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June 4th, 2005:

The Australian Financial Review (abstracts): Shell gets off to a good start

The Australian Financial Review (abstracts): Shell gets off to a good start

4 June 2005

Shell Australia has been working to improve its results by boosting refinery margins and performance from January to May. The Australian oil refinery’s share of the retail petrol market rose to 23%, from 17%, due to gains from a marketing alliance with retailer Coles Myer. Shell posted a 2004 profit of $587m, down from 2003’s $815m, due to limited earnings from its downstream, upstream and LNG businesses. Shell’s overall 2004 revenue, however, increased to $14.44bn from the previous year’s $12.94bn. 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 airlift after bacteria scare

The Guardian: Shell airlift after bacteria scare

June 2004, 2005

Fifteen Shell workers on the Clipper gas platform, off the coast of Norfolk have been airlifted off after traces of legionella bacteria, which can lead to Legionnaires’ disease, were discovered.

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.

Shareholders may face big CGT charges

Financial Times: Shareholders may face big CGT charges

Posted 4 June 05

By Robert Budden

The planned unification into a single parent company of shares in Shell Transport & Trading and Royal Dutch Petroleum, the London and Netherlands arms of the global oil group, is raising concerns with some UK investors.

Under the scheme being put to shareholders later this month, UK holders of Royal Dutch shares who accept shares in the new unified Royal Dutch Shell will be treated as if they had sold their shares, potentially giving rise to a CGT charge.

The Association of Private Client Investment Managers and Stockbrokers, a trade association representing the UK’s retail client stockbrokers, estimates that around 2,000 UK investors holding shares worth around £80m will be affected. 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.

Mudlark: Does UK chairman face a Shell ‘nee’?

Financial Times: Mudlark: Does UK chairman face a Shell ‘nee’?

Posted 4 June 2005

By Clay Harris

Tick, tock. There are only 24 days to the annual meetings that will vote on proposals to create a unified Royal Dutch Shell. But there is still no sign of a chairman-designate to take over from Aad Jacobs next year (Mudlark, May 20).

Since Shell has committed itself to selecting an external candidate, logic might argue that the lucky man or woman should get a bit of a run-in before taking the hot seat. Shareholders might also appreciate a glimpse of the future team before they vote on June 28. 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 plans to expand Russian LNG plant as Asian demand grows

Gulf Times (Qatar): Shell plans to expand Russian LNG plant as Asian demand grows

Published: Saturday, 4 June, 2005

By Eduard Gismatullin and In-soo Nam

LONDON/TOKYO: Royal Dutch/Shell Group, Europe’s second-biggest oil company, may expand its $12bn liquefied natural gas project on Russia’s Sakhalin Island as demand for the fuel rises in Asia.

Sakhalin Energy Investment Co, led by Shell, may add to the two production lines that are due to begin supplying 9.6mn metric tonnes a year of LNG from Russia’s Pacific Coast by 2007. The venture has sales contracts for 7.1mn metric tonnes a year and plans to sign up the rest by year-end, said Viktor Snegir, Sakhalin Energy’s commercial general manager. 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.

Shake-up at Shell: what shareholders need to know

Daily Telegraph: Shake-up at Shell: what shareholders need to know

By Christopher Hope, Business Correspondent (Filed: 04/06/2005)

Shell, the Anglo-Dutch oil and gas giant, is only just emerging from its annus horribilis of 2004 when it revealed it had over-estimated its proven oil and gas by over a quarter.

The shock waves are still being felt, with Shell admitting it will be a few years before it finds more oil and gas than it pulls out of the ground.

The problems have forced the company to sort out its quirky dual structure, and complete the merger of Shell’s two controlling companies which has remained unfinished since the beginning of the last century. 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.

Dutch are ready if push comes to squeeze

Daily Telegraph: Dutch are ready if push comes to squeeze

4 June 2005

Fancy a Dutch squeeze-out? Such things are common in Holland, and not only on stag weekends in Amsterdam’s Red Light district.

Minority shareholders in Royal Dutch Petroleum who fail to accept the plan to scrap Shell’s arcane dual structure may be about to feel the squeeze. Royal Dutch needs holders of 95pc of its shares to agree to complete the merger with Shell Transport & Trading, which is a tall order for such a widely held stock.

Curiously, the company is unworried. If it falls short, it can mount its Dutch squeeze-out, and force the minority to take cash for their holdings. It can threaten to suspend dividend payments to the recalcitrant few. 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 admits rump of stock could trade with new shares

Daily Telegraph: Shell admits rump of stock could trade with new shares

By Christopher Hope, Business Correspondent (Filed: 04/06/2005)

Shell has admitted that a rump of shares in Royal Dutch Petroleum could still be traded alongside new Royal Dutch Shell stock if not enough investors accept the energy giant’s restructuring plans.

Shell has pledged to reform its 100-year-old dual Anglo-Dutch structure in the wake of its shock admission that it had overstated its proven oil and gas reserves by 25pc.

The oil major is 60-40 controlled by Royal Dutch Petroleum in the Netherlands and Shell Transport and Trading in the UK. Under the plans, they will be replaced by Royal Dutch Shell, with its main listing in London. 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.