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Posts on ‘August 8th, 2004’

Shell Petroleum Company Buys Back 1.4M Shares

The Wall Street Journal: Shell Petroleum Company Buys Back 1.4M Shares

DOW JONES NEWSWIRES
August 9, 2004 3:10 a.m.

Edited Press Release

LONDON — On Aug. 6, 2004 The Shell Petroleum Company Limited purchased 1,400,000 ordinary shares in the Company at 393.49 pence each.

On the same date, B.V. Nederlandse Internationale Industrie – en Handel Maatschappij, a subsidiary of Shell Petroleum N.V., purchased 950,000 ordinary shares in the Company at 393.49 pence each.

The shares were acquired for the purposes of the respective stock option plans of The Shell Petroleum Company Limited and Shell Petroleum N.V. which confer stock options on certain employees. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Aidan Heavey: Out of Africa – Ireland’s oil baron has come a long way from County Kildare

The Independent: Aidan Heavey: Out of Africa – Ireland’s oil baron has come a long way from County Kildare

“it is clear that the scandal has highlighted accounting risk in the oil industry, and discrepancies between different companies’ accounting methods”

The Tullow boss was ‘a crap accountant’, he tells Tim Webb. But after pulling off two audacious deals, he has found his forte as an oilman

Posted 9 August 2004

Aidan Heavey admits that, as an Irish oilman travelling in places such as Gambia, he attracts his fair share of attention from the locals. “It can be a surprise,” the chief executive of the fast-growing Dublin- and London-listed Tullow Oil says. In an industry dominated by engineers and geologists, there also aren’t many former accountants who run oil companies. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Financial Times: Know the limits of corporate venturing

Financial Times: Know the limits of corporate venturing

By Julian Birkinshaw and Andrew Campbell

Published: August 9 2004

With growth back on the agenda after a period of austerity and cost cutting, it is worth reflecting on the lessons arising from similar periods in the past.

In the late 1990s, more than three-quarters of companies in the Fortune 100 and an equivalent number of FTSE 100 companies set up corporate venturing units as part of their search for growth. For example, BAT, the tobacco company, set up two units: Imagination, to search for new ideas, and Evolution, to develop the ideas into new businesses. While these units helped the company explore a number of areas, they failed to develop any significant new businesses. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Business-Standard.com: 26% selloff clause waiver for Shell

Business-Standard.com: 26% selloff clause waiver for Shell

Global oil major gets nod for 2,000 retail outlets.

P Vaidyanathan Iyer & Sidhartha /New Delhi August 09,2004

The government has exempt Shell India from the 26 per cent mandatory disinvestment clause, and also allowed the global oil major to open 2,000 retail outlets in the country.

Shell India had approached the Foreign Investment Promotion Board (FIPB) at least twice over the past three years seeking a deletion of the divestment clause. The proposal was finally cleared by Finance Minister P Chidambaram last week.

Finance ministry officials said Shell International had agreed to the divestment condition when it entered India through its wholly owned subsidiary, Shell India. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

The New York Times: Nigeria’s Petroleum Industry Reeling

The New York Times: Nigeria’s Petroleum Industry Reeling

“Royal Dutch/Shell, Nigeria’s largest oil operation which produces half of the 2.5 million barrels Nigeria’s exports daily, also is reeling.”

By THE ASSOCIATED PRESS

Published: August 9, 2004

OMADINO, Nigeria (AP) — In unrest comparable in scale to Chechnya and Colombia, a year of bloodletting has killed more than 1,000 in the oil-rich Niger Delta — leaving the world’s No. 7 oil exporter, and people here, concerned for the future.

Tensions over oil revenues have aggravated ethnic strife. Kidnappings and sabotage have escalated, forcing costly shutdowns by companies pumping crude in the oil-rich swamps of the volatile Niger Delta. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.
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