Royal Dutch Shell Group .com Rotating Header Image

Posts on ‘August 22nd, 2004’

The Scotsman: Cairn to debate India sale

The Scotsman: Cairn to debate India sale

“In Bangladesh, we’ve recently taken over the operatorship of assets from Shell.”

JAMES DOW

Posted 22 August 04

CAIRN Energy could sell off its massive oil interests in west India and will debate its options once further tests in the area have been wrapped up, the company’s chairman has told The Scotsman.

Norman Murray said the Edinburgh explorer is keeping an “open mind” on the future of its Rajasthan operations in the west Indian subcontinent. He said a decision will be made once an ongoing assessment programme has revealed the true scale of the discovery and the operational demands it would place on the company. 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

London Evening Standard: Damage question

London Evening Standard: Damage question

“Shell… everyone knows its reputation is still in tatters and it will take years for the company to rehabilitate itself.”

Anthony Hilton

20 August 2004

Posted 22 August 04

TERRY Smith of broker Collins Stewart explains that he is suing the Financial Times for around £240m because that is the amount by which his company’s stock market capitalisation fell after the FT published various contested allegations about his firm. That drop in market cap is therefore the exact measure of the damage to his firm’s reputation.

This raises an interesting issue. Paul Goldsmith, a consultant and academic at the Cass Business School who specialises in reputational issues, believes strongly that a price cannot be put on a company’s reputation because it is based on so many subjective judgments from so many different interest groups each with a different agenda, and market cap is certainly no proxy for these things. 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

BP and Shell signal first interest in Iraq oil fields

The Business: BP and Shell signal first interest in Iraq oil fields

“Shell claim they have bid in such a way that they wouldn’t have to place staff in Iraq until they were satisfied that it was safe to do so.”

By Richard Orange

22 August 2004

IT’S more than a year since the excited chatter of a post-war Iraq oil bonanza died to an embarrassed silence.

But the way European oil majors have pitched for a research contract that would normally only interest the oil industry’s geological services firms, shows the country’s 115bn barrels of reserves have lost none of their attraction.

Big players like BP, Royal Dutch/Shell, Eni and Repsol have put in bids for a modest $10m CfS.Sm, €8m) research contract to help appraise two of Iraq’s biggest fields. 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 powers ahead with plan to clear out $15bn of its assets

The Business: Shell powers ahead with plan to clear out $15bn of its assets

“Underspending in exploration and production throughout the 1990s is seen as partly to blame for the 4.35bn barrel reduction in reported reserves that made this year one of the worst in Shell’s 97-year history.”

By Richard Orange

22 August 2004

Changing fortunes: Shell is aiming to regain its competitive edge by selling unprofitable assets in Europe and Latin America

TROUBLED oil giant Royal Dutch/Shell has launched a $15bn (£8.3bn, €12.2bn) clear-out of its worst-performing assets, in a move to raise funds to bring its performance back in line with competitors.

While investors are waiting until end-September for the new management’s first strategy briefing, the company’s programme is moving ahead, with culls in the US and Europe bringing disposals to $3.6bn this year. 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

Sunday Express: Shell cuts back on forecourts to boost production

Sunday Express: Shell cuts back on forecourts to boost production

“managers hoped the new strategy would draw a line under the reserves-misreporting scandal which triggered the departure of three of Shell’s bosses earlier this year.”

By Robin Pagnamenta

22 August 04

SHELL is preparing to unveil a major long-term’ business strategy next month which insiders say will result in disposals and acquisitions.

The thrust of the Anglo-Dutch oil giant’s plan, to be revealed on September 22, will be to increase the company’s focus on long-term on exploration and production while reducing its retail presence, especially in mature markets.

Angus Mcphail, oil analyst at ING Financial Markets in Edinburgh, pointed out Shell had already begun taking steps in this direction. Last week, the group announced the sale of 900 petrol stations in Argentina. In recent months it has also disposed of hundreds of stations in Peru, Spain and Portugal. The cash raised will be used to fund oil and gas field acquisitions in Shell’s exploration and production division, the so-called “upstream” end of the business. 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

Violence: MOSOP Blames Shell, Police

ThisDayOnline.com: Violence: MOSOP Blames Shell, Police

“accusing Shell of paying for a disastrous set of interventions which breach the basic standards of police and corporate conduct.”

From Okon Bassey In Port Harcourt

22 August 04

Movement for the survival of the Ogoni People (MOSOP) has accused Shell Petroleum Development Company (SPDC) and the police for instigating violence in Ogoni land.

President of MOSOP, Barrister Ledum Mitee made the accusation yesterday in Port Harcourt, protesting the posting of mobile police to a Shell facility in Ogoni land their partisan involvement in violence from one part of a community against others.

THISDAY gathered that armed mobile police were posted to the SPDC manifold of pipelines carrying about 200,000 barrels of oil per day crossing Ogoni land on the justification of providing security for staff who clamped a leaking valve in the first week of their presence. 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
%d bloggers like this: