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Posts on ‘August 27th, 2004’

Petrobras Executives Continue In Chile, Mulling Takeover

THE WALL STREET JOURNAL: Petrobras Executives Continue In Chile, Mulling Takeover

…considering an asset swap involving Petrobras upstream assets and Shell downstream operations, including service stations in Chile and Argentina and refining in the latter country.

DOW JONES NEWSWIRES

August 26, 2004 10:03 a.m.

SANTIAGO — Executives from Brazilian state energy company Petroleo Brasileiro (PBR) continue in Chile, meeting peers and mulling a possible asset purchase in the Andean country, one of only three South American countries in which it isn’t yet active and whose energy market is a declared target.

“Any commitment undertaken leading to the acquisition of any asset in Chile will be announced to the market and the shareholders at the appropriate time in accordance with the company’s disclosure practices,” the company said in a statement distributed from its Rio de Janeiro headquarters. 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.

Oil companies must be made to follow UN on human rights

The Independent: Oil companies must be made to follow UN on human rights

“Shell and BP the leaders in building a human rights responsibility into their business principles and recognising that explicit adherence to the Universal Declaration of Human Rights”

LETTER From Sir Geoffrey Chandler

United Kingdom; Aug 27, 2004

Sir: As oil prices reach new heights it would be as well to realise that stability of price and security of supply will be achieved not by the geographical diversification of sources, but by political justice and economic equity in the producing countries. Unfortunately it is the former course that consuming countries, with the US in the lead, appear to be pursuing.

Nearly 70 per cent of the world’s proven reserves of oil and gas lie in countries with poor human rights records. The growth of oil wealth has fuelled the ability of governments to invest in armaments and to transform small-scale corruption into personal or political gain on a scale hitherto undreamt of. The contrast between oil wealth and national poverty is nowhere more evident than in Angola and Equatorial Guinea, countries which may be considered secure from the turbulence of the Middle East. 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.

Managers look for the moral dimension: ‘Post-Enron, post-Shell, post-WorldCom, post-Parmalat’

Financial Times: Governance: Managers look for the moral dimension: ‘Post-Enron, post-Shell, post-WorldCom, post-Parmalat’

By Thomas Stewart

Posted 27 August 04

In a theatre lobby at intermission, I spotted a half-familiar face, looking at me with the “is that you?” expression people wear when they have not seen someone in a long time. He had worked for me 15 years earlier. He had left to accept a job in another city; I had changed employers, too. Since then he had married, had children and made a great success of his new job.

When I congratulated him and facetiously claimed credit for his achievements, he startled me by agreeing. He said: “You told me something that made an enormous difference in my life.” He repeated it – something about how he had strong organising skills – but I could not remember having said it. 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.

Shell Chairman responsible for Shell’s descent into cover-up, scandal and shame – Sir Mark Moody-Stuart

The Shell Chairman responsible for Shell’s descent into cover-up, scandal and shame on an epic scale – Sir Mark Moody-Stuart

By Alfred Donovan, 27 August 2004

(This article was written at the kind invitation of Mr Charles Wiwa, the nephew of Ken Saro-Wiwa, for publication in a US newsmagazine circulated to university students. Charles Wiwa is one of the parties in a U.S. Class Action lawsuit being brought against Shell in respect of its misdeeds in Nigeria.)

It is now confirmed by the reports by the U.S. Securities & Exchange Commission and the UK Financial Services Authority that the deception regarding Shell reserves started during the tenure of Shell Chairman Sir Mark Moody-Stuart. He is identified in many newspaper reports as being implicated in the reserves debacle. As will become obvious when reading this article, the news stories naming Moody-Stuart came as no surprise to me. 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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