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Posts on ‘July 23rd, 2004’

The Globe & Mail: Imperial, Shell fall short, say analysts

The Globe & Mail: Imperial, Shell fall short, say analysts

By DAVE EBNER

Friday, July 23, 2004 – Page B2

Shell Canada Ltd. increased its dividend 14 per cent yesterday — the second hike in the past year — as it reported a big jump in second-quarter profit, fuelled by increased production at an oil sands venture where it has a majority stake.

Rival Imperial Oil Ltd. reported a lower quarterly profit compared with last year but said that with the exclusion of unusual items in the year-ago period, profit in the April-June period actually rose. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

The Guardian: Sorry to spoil the World Bank party, but hasn’t it lost its way?

The Guardian: Sorry to spoil the World Bank party, but hasn’t it lost its way?

“World Bank money has left a legacy of environmental and social devastation, from cyanide spills in Peru to land expropriation and water pollution at oil pipelines in Chad”

Hannah Ellis

23 July 04

Imagine a bank investing around $55bn a year in the world’s economy with the specific mandate of alleviating poverty. This is supposed to be the World Bank. It turns 60 next month – but I won’t be sending a birthday card.

The World Bank finances energy projects, often run by multinational energy corporations, including Shell and BP, in developing countries. More than 80% of the energy extracted is exported and used in the developed world. World Bank money has left a legacy of environmental and social devastation, from cyanide spills in Peru to land expropriation and water pollution at oil pipelines in Chad. The bank has blindly chanted an “economic growth” mantra to those who have questioned the appropriateness of this investment, presenting a dogmatic argument that these projects will inevitably help the poor. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

Borneo Bulletin: From BSP to Shell EP

Borneo Bulletin: From BSP to Shell EP

By Rosli Abidin Yahya

Chris Finlayson, Managing Director of Brunei Shell Petroleum (BSP) from 1995 to September last year, has been appointed as Chief Executive Officer of Shell Exploration and Production (Shell EP) in Africa with effect from October 1 this year.

Prior to his latest appointment, Finlayson was the Managing Director of Shell Petroleum Development Company of Nigeria (SPDC), a post he held after leaving BSP.

Finlayson, 48, however will continue to be based in Lagos, Nigeria, and retain the role of Country Chair for Nigeria. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

Shell to Shut Dutch Refinery Unit in September, Reuters Says

Bloomberg.com: Shell to Shut Dutch Refinery Unit in September, Reuters Says

Posted 23 July 04

Royal Dutch/Shell Group will close an oil-processing unit at its 390,000 barrel-a-day Pernis refinery in the Netherlands in September for four or five weeks of maintenance, Reuters reported, citing an unidentified spokesman.

Shell’s maintenance on the so-called crude distillation unit takes place every four years and will cut production by 195,000 barrels a day, the newswire said.

Maintenance turnarounds in the coming months are also scheduled for BP Plc’s 400,000 barrel a day Rotterdam plant and Total SA’s 149,000 Vlissingen, Netherlands plant, Reuters said, without citing anyone. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

Shell corporate governance dubbed ‘weak to moderate’ in S&P ratings

Financial Times: Shell corporate governance dubbed ‘weak to moderate’ in S&P ratings

“Meanwhile, the outlook on Shell’s credit rating remains negative”

By Ivar Simensen

Published: July 23 2004 5:00 | Last Updated: July 23 2004 5:00

Royal Dutch/Shell’s corporate governance profile is described as “moderate to weak” by Standard & Poor’s in the credit rating agency’s first separate report on transparency and governance at leading western corporations.

S&P added that measures taken by Shell to improve its corporate governance were viewed “positively”, although the effectiveness of these remained to be seen. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com
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