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July 30th, 2005:

Further delays and soaring expenditure in big energy projects emerge at Royal Dutch Shell

The Times (UK): That was the week: “Further delays and soaring expenditure in big energy projects emerge at Royal Dutch Shell after the oil group admits that the start-up of Bonga, a giant offshore Nigerian oilfield, has been pushed back until late this year.”

Saturday 30 July 2005

Further delays and soaring expenditure in big energy projects emerge at Royal Dutch Shell after the oil group admits that the start-up of Bonga, a giant offshore Nigerian oilfield, has been pushed back until late this year.

AstraZeneca announces that David Brennan, head of the Anglo-Swedish drug group’s US operations, will replace Sir Tom McKillop as chief executive from next January, ending months of speculation. In another management overhaul, Jürgen Schrempp, architect of the controversial merger between Daimler-Benz and Chrysler, agrees to step down as chief executive of DaimlerChrysler at the end of the year. Sony, the Japanese electronics company, stuns investors with a dramatic cut to its earnings forecast and its first back-to-back quarterly loss in four years. 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.

Daily Telegraph: Not bad results this half but UK plc could do better

Daily Telegraph: Not bad results this half but UK plc could do better

“… Jeroen van der Veer, chief executive of Shell, whose sums have given so much trouble recently, admitted: “It is clear we must improve our project management.”

Saturday 30 July 2005

(Filed: 30/07/2005)

Although company figures are encouraging, economists know the truth, says Philip Aldrick

School’s out for the City. The summer holidays have arrived and corporate Britain has been packing up its pencil case to head off on a well-earned break. A total of 21 blue chip companies published their half-term reports this week, 14 of them on Thursday, and the figures show that only one or two have been slacking.

“Things do look quite rosy at the moment,” says Richard Buxton, head of UK equities at Schroders. “Aside from the companies directly facing the consumer on the high street and feeding off the housing market, the corporate sector is in good health. 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.

Daily Telegraph: A summary of this week’s main business stories

Daily Telegraph: A summary of this week’s main business stories

“Shell declared a 27pc increase in first-half profits to $10.17billion (£5.8billion) but admitted that its oil and gas production had fallen by 129,000 barrels a day over the period.”

Saturday 30 July 2005

• Sir Tom McKillop, chief executive of Astrazeneca, said he would step down in January and be replaced by US head David Brennan, as second-quarter pre-tax profits at the pharmaceutical giant rose 7pc to $1.75billion (£1billion) on sales up 16pc to $6.13billion.

• Glaxo Smithkline, Britain’s biggest drug company, reported a 7.8pc rise in first-half pre-tax profits to £1.66billion on sales up from £4.97billion to £5.35billion, despite problems at its Puerto Rico plant which led to the disruption in supply of two key drugs. 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.

RTE (Ireland): Shell announces 56 more Corrib lay-offs

RTE (Ireland): Shell announces 56 more Corrib lay-offs 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.

Irish Examiner: Shell axes 56 jobs as a result of pipe protests

Irish Examiner: Shell axes 56 jobs as a result of pipe protests

“Mark Carrigy, operations manager for Shell EP Ireland, claimed protesters had been obstructing non-pipeline work and as a result the sub-contractors were forced to cut employee numbers.”: “The job losses come as five men jailed over their protests against the pipeline brothers Philip and Vincent McGrath, Micheal O’Seighin, Willie Corduff and Brendan Philbin were completing their fifth week behind bars.”

Saturday 30 July 2005

By Ed Carty

A TOTAL of 56 jobs are to be axed at the site of a controversial gas pipeline on the Mayo coast, it was confirmed yesterday.

Petroleum giant Shell revealed the cuts were being made on top of 35 lay-offs announced earlier this week.

The staff were involved in engineering and land works on the 70km pipeline running from the Corrib gas field to a proposed terminal at Bellanaboy.

Mark Carrigy, operations manager for Shell EP Ireland, claimed protesters had been obstructing non-pipeline work and as a result the sub-contractors were forced to cut employee numbers. 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.

Irish Examiner: Shell axes 56 jobs as a result of pipe protests

Irish Examiner: Shell axes 56 jobs as a result of pipe protests

“Mark Carrigy, operations manager for Shell EP Ireland, claimed protesters had been obstructing non-pipeline work and as a result the sub-contractors were forced to cut employee numbers.”: “The job losses come as five men jailed over their protests against the pipeline brothers Philip and Vincent McGrath, Micheal O’Seighin, Willie Corduff and Brendan Philbin were completing their fifth week behind bars.”

Saturday 30 July 2005

By Ed Carty

A TOTAL of 56 jobs are to be axed at the site of a controversial gas pipeline on the Mayo coast, it was confirmed yesterday.

Petroleum giant Shell revealed the cuts were being made on top of 35 lay-offs announced earlier this week.

The staff were involved in engineering and land works on the 70km pipeline running from the Corrib gas field to a proposed terminal at Bellanaboy.

Mark Carrigy, operations manager for Shell EP Ireland, claimed protesters had been obstructing non-pipeline work and as a result the sub-contractors were forced to cut employee numbers. 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.

Irish Independent: Pipe protests are costing fuel giant 100,000 a day

Irish Independent: Pipe protests are costing fuel giant 100,000 a day

“Last week, Minister Noel Dempsey said he believed that the company had breached the permissions it was granted and had asked Shell for an immediate response, which is currently being considered by the minister.”

Saturday July 30, 2005

PROTESTS over the laying of a controversial pipeline in Co Mayo are costing oil giant Shell 100,000 a day, the company claimed yesterday.

Announcing 56 redundancies, bringing the total number of people laid off by the company to 91 this week – after Tuesday’s laying off of 35 workers – the company said its workers had not been able to access sites due to ongoing protests. And it warned that further jobs could be lost unless work can go ahead.

In a statement yesterday Shell said that following consultations with sub-contractor SICIM-Roadbridge, it had decided that 56 workers involved in engineering and land works at four sites within the project were to be made redundant. 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.

Daily Telegraph: Fish protest forces Shell to delay oil terminal

Daily Telegraph: Fish protest forces Shell to delay oil terminal

“Shell ran into another obstacle on its Sakhalin project yesterday after a Russian court ruled against the construction of a quay on the island.”: “The European Bank for Reconstruction and Development is mulling over whether to continue lending money to the project, in the face of furious environmentalists who have taken full-page newspaper advertisements to protest against Shell.”

Saturday 30 July 2005

By Malcolm Moore (Filed: 30/07/2005)

Shell ran into another obstacle on its Sakhalin project yesterday after a Russian court ruled against the construction of a quay on the island.

The Sakhalin project, which aims to tap 4billion barrels of oil and gas under the frozen seas off Russia’s east coast, has enraged environmentalists and is running 100pc over budget.

After agreeing to move a pipeline earlier in the year to safeguard a population of Pacific grey whales, Shell is now being accused of destroying local fish populations. 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.

Daily Telegraph: The Sakhalin Island indicator to oil prices

Daily Telegraph: The Sakhalin Island indicator to oil prices

Protest forces Shell delay: “Sakhalin is already 100pc over budget at $20billion and contractors are demanding more and more cash. Given that one of them was found stabbed in his apartment last week, they probably deserve it.”

Saturday 30 July 2005

Let us hope that the kamikaze whale that beached itself at Sakhalin Island yesterday was not a female. According to the World Wildlife Fund, if the remaining 23 female grey whales at Sakhalin die at the rate of “just one a year”, the whole species will be extinct shortly.

The environmentalists blame Shell, which is trying to get at four billion barrels of oil and gas in the region, but it seems the whales are perfectly capable of self-immolation. For its part, Shell seems to have behaved with all the corporate social responsibility that might have been lacking if, say, Gazprom or the Russian government had been running the show. 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.