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May 10th, 2004:

Chinese deals worth £1.5bn announced

TimesOnline: Chinese deals worth £1.5bn announced

May 10, 2004

Four British companies will tomorrow announce joint ventures in China worth more than £1.5 billion, according to Government officials.

The announcements will coincide with a three-day visit to the UK by Wen Jiabao, the Chinese Prime Minister.

Representatives of BP, Shell, Kingfisher and its B&Q unit will join the Trade and Industry Secretary Patricia Hewitt and Chinese Commerce Minister Bo Xilai at the contract signing ceremony in London.

The deals include a retail petrol stations venture in Guandong Province between BP and PetroChina and a similar arrangement in Zhejiang Province between BP and Sinopec. 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’s Brent Delta North Sea Oil, Gas Platform Restarted Sat

Wall Street Journal: Shell’s Brent Delta North Sea Oil, Gas Platform Restarted Sat

DOW JONES NEWSWIRES

May 10, 2004 8:50 a.m.

LONDON — Royal Dutch/Shell Group (RD) Monday said its Brent Delta oil and natural gas platform in North Sea restarted Saturday evening after being brought offline a week earlier because of a small hydrocarbon leak.

The platform, which produces an average of 5,000 barrels of oil and 100 million cubic feet of gas a day, is back to the same rate of production as before the incident, a spokesman in London said.

The leak on April 30 prompted Shell to evacuate 64 non-essential personnel from the platform, though they had all returned by the following day.
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.

Aggressive Oil Reserves Due To Mediocre Output – Study

Wall Street Journal: Aggressive Oil Reserves Due To Mediocre Output – Study

By JOHN M. BIERS

May 10, 2004 2:34 p.m.

Of DOW JONES NEWSWIRES

HOUSTON (Dow Jones) –Medium-sized energy companies have become more aggressive in booking proved undeveloped oil and gas reserves to compensate for their inability to achieve production growth, according to a report released Monday.

In 2003, energy companies reported 34.2% of their holdings as “proved undeveloped reserves,” compared with 26.5% in 1994, according to a UBS analysis of 17 medium and large independents. Undeveloped reserves require companies to drill additional wells or to add major new infrastructure to bring on production. Developed reserves come from existing infrastructure.
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.

CityWire.co.uk: Lowland backs Shell’s recovery

CityWire.co.uk: Lowland backs Shell’s recovery

Published: 12:04 Mon 10 May 2004

By Algernon Craig Hall, Secret Buying Correspondent

James Henderson, the shrewd manager of Lowland investment trust, has bought into oil giant Shell following share price falls caused by the recent reserves scandal that has shaken the group to the core.  

Henderson told Citywire: ‘I just think the bad publicity has bought the price back too far.’

Henderson recently picked up 250,000 shares for Lowland, the second best performing UK growth and income trust over five years. It now holds 900,000 shares.
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 Independent: Let me in, I’m a lawyer

The Independent: Let me in, I’m a lawyer

Shell paid little attention to its in-house legal team. But as the recent scandal showed, no modern business can afford to keep its briefs unbriefed

By Jon Robins

10 May 2004

So where were all the lawyers then? The oil giant Royal Dutch/Shell boasts the largest legal department of any UK company but when it came down to the company’s staggering failure to disclose the extent of its oil reserves, not one of its 623 lawyers was anywhere to be seen. The explosive report by the US law firm Davis Polk & Wardwell revealed that Shell’s disastrous disclosure strategy was signed off at meetings of the company’s committee of managing directors without legal advice.
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.

CLASS ACTION STATEMENT BY US LAW FIRM COHEN, MILSTEIN, HAUSFIELD & TOLL P.L.L.C: Slave Labor at Royal/Dutch Shell Group

CLASS ACTION STATEMENT BY US LAW FIRM COHEN, MILSTEIN, HAUSFIELD & TOLL P.L.L.C: Slave Labor at Royal/Dutch Shell Group   Posted 10 May 2004

Approximately 1,385 forced laborers worked at oil refineries and petrochemical plants owned and operated by the Royal/Dutch Shell Group during the Second World War. These workers, largely civilians from Eastern Europe and the Low Countries of Western Europe, were compelled to work on the grounds of Shell’s German and Austrian subsidiaries, Rhenania GmbH and Shell Austria AG, respectively. At these locations, the forced laborers toiled long hours under the watchful (and often brutal) guard of Hitler’s S.S. men. Deported from their home countries by force, these workers were housed in filthy barracks, and were denied freedom of movement and proper nutrition. For their work, which was contracted from the S.S., the laborers received no pay from Shell or the German Government. 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.