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Posts on ‘September 1st, 2004’

Anger as Shell Rejects Nigerian $1.5 Billion Compensation Order

Friends of the Earth: Anger as Shell Rejects Nigerian $1.5 Billion Compensation Order: “Shell’s behaviour in Nigeria is disgraceful. This vast company claims to be a leader in corporate responsibility but its legacy in Nigeria will scar the country for decades to come.”

Aug 31 2004

1 September 04

The oil giant Shell is challenging the authority of the Nigerian Senate by rejecting an order to pay compensation of $1.5 billion to communities in the Niger Delta affected by oil pollution. In an advertisement published in Nigerian newspapers yesterday and today [1], the Shell Petroleum Development Company of Nigeria (SPDC) claims the Senate failed to follow “due process” in imposing the fine, announced last week.

Friends of the Earth Nigeria reacted angrily to the advertisement, saying it showed that the oil giant was yet again trying to avoid facing up to its responsibilities to the local communities. 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

Bonus program at Shell revised: Company alters reward system after scandal over reserves

Houston Chronicle: Bonus program at Shell revised: Company alters reward system after scandal over reserves

By LYNN J. COOK

Copyright 2004 Houston Chronicle

Aug. 31, 2004, 11:33PM

Posted 1 September 04

The Royal Dutch/Shell Group of Companies is changing how it rewards employees.

Starting in January, staff bonuses will be simplified to take into account individual accomplishments and companywide performance. Success at the division level will no longer be a factor.

The company is estimating that 75 percent of its 90,000-member work force will see a change in the way bonuses are structured. Of those, 13,000 work in Houston, which is headquarters to Shell Oil Co. 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

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

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

The following is a contribution submitted to the Editor of the Independent newspaper commenting on a letter they published on 27 August 2004 from Sir Geoffrey Chandler, a distinguished former director of Shell International. My guess is that knowing Shell is currently in dire straits Sir Geoffrey was trying to boost management morale on the grounds of Shell (and BP’s) supposed adherence to their respective codes of business principles, relating especially to human rights. His letter can be read via the following link: http://argument.independent.co.uk/letters/story.jsp?story=555495 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 RETIREMENT PENSION FUNDS CLASS ACTION LAWSUIT

PRESS RELEASE BY SCOT + SCOT, LLC CONCERNING SHELL RETIREMENT PENSION FUNDS CLASS ACTION LAWSUIT AGAINST THE ROYAL DUTCH SHELL GROUP

Scott + Scott, LLC Files ERISA Class Action against Royal Dutch Petroleum Company on Behalf of Participants and Beneficiaries of Retirement Accounts

Tuesday April 6, 2:53 pm ET

Scott + Scott, LLC Represents Plaintiffs On Behalf of the Shell Provident Fund and the Shell Pay Deferral Investment Fund

COLCHESTER, Conn., April 6 /PRNewswire/ — Scott + Scott, LLC ([email protected] or [email protected]), a law firm based in Connecticut with offices in Ohio and California, announces that it has filed an ERISA action (Employee Retirement Income Security Act of 1974) on behalf of the participants and beneficiaries (not defendants) of the Shell Provident and Shell Pay Deferral Investment Funds (the “Shell Retirement Funds”) of Royal Dutch Petroleum Company and affiliated companies (“Royal Dutch/Shell” – NYSE: RD and NYSE: SC). On April 2, 2004, five plaintiffs filed a class action complaint under ERISA on behalf of the Shell Retirement Funds and the thousands of the participants and beneficiaries of each whose retirement accounts held securities in the Plans’ Royal Dutch Stock Fund from at least December 3, 1999 through and including January 9, 2004 and who suffered losses due to defendants’ alleged breaches of fiduciary duties. 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

Galp to complete purchase of Shell petrol stations in Spain tomorrow – report

AFX Europe (Focus): Galp to complete purchase of Shell petrol stations in Spain tomorrow – report

Sep 01, 2004

LISBON (AFX) – National oil company Galp Energia will receive a delegation from the Royal/Dutch Shell group in Lisbon tomorrow to finalise the acquisition of 320 Shell petrol stations in Spain, Diario Economico reported.

A Galp spokesman confirmed the meeting and said it will be a decisive negotiating round, the report added.

No purchase price was mentioned.

Portuguese consortium Petrocer has the right to amend the conditions of its proposed purchase of a 40.79 pct government stake in Galp if it does not like the terms of the potential deal to acquire Shell’s Spanish filling stations. 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

MercoPress: Mexico finds massive oil deposits but…

MercoPress: Mexico finds massive oil deposits but…

Posted 1 September 04

Mexico’s government owned Petroleos Mexicanos, Pemex, has discovered and mapped huge deep water oil reserves in the Gulf of Mexico increasing the country’s reserves to the tune of the main league of world producers, reports the Mexican press.

According to conservative estimates the new deposits could represent 54 billion barrels of oil and would increase the country’s total reserves to over 90 billion, which could help Mexico expand its current 4 million barrels per day production to seven million, according to Luis Ramirez Corzo, Pemex’s Exploration and Production manager. 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

Washington Times: Pemex negotiates alliance with Shell

Washington Times: Pemex negotiates alliance with Shell

Posted 1 September 04

Mexico City, Mexico, Aug. 31 (UPI) — The Mexican state oil monopoly Pemex Tuesday opened negotiations with the multinational Shell to exploit oil reserves in the Gulf of Mexico.

Pemex sources close to the negotiations said that though alone Pemex is trying to bring about a deal with the U.S. arm of the Shell Group, Mexico President Vicente Fox has interest in accelerating an agreement before he concludes his term in 2006.

The alliance would be useful for the joint exploration of new deep oil reserves recently discovered in the Gulf of Mexico which Pemex estimates to be around 54 billion barrels. 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

Chile Enap Not In Running For Local Shell Assets-Minister

THE WALL STREET JOURNAL: Chile Enap Not In Running For Local Shell Assets-Minister

“Shell’s local business, meanwhile, has been the object of intense media speculation in the past weeks, as the company has retreated from several markets in the region and the rest of the world.

DOW JONES NEWSWIRES

August 31, 2004 1:15 p.m.

Posted 1 September 2004

SANTIAGO — Chilean state energy company Empresa Nacional de Petroleo (ENP.YY) isn’t in the running for Royal Dutch/Shell’s (RD) local assets, Mining Minister Alfonso Dulanto said Tuesday in a press conference.

The company’s joint buy – together with a closely held Peruvian conglomerate – of Shell ‘s distribution assets in Peru earlier this month stemmed from Enap’s search for an export market for its fuels, Dulanto said. 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

Post-Enron, post-Shell, post-WorldCom, post-Parmalat

TELLSHELL: Comment by former Shell geologist Dr John Huong on the Financial Times article: Governance: Managers look for the moral dimension: “Post-Enron, post-Shell, post-WorldCom, post-Parmalat”

“Reflections on the Essay By Mr Thomas Stewart on Corporate Governance and the morals at workplace environment

By Dr John Huong

Posted 1 September 2004

Thank you Mr Thomas Stewart for your excellent article on an important subject; it is appended below. I congratulate you for transforming the life of your former work colleague mentioned in your essay; a transformation which also benefited his family. It demonstrates the positive impact a few encouraging words can have on a work colleague (or indeed a family member or a friend). It is a fine example we should all remember. 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

AllAfrica.com: $1.5bn Compensation: Shell to Sue Senate

AllAfrica.com: $1.5bn Compensation: Shell to Sue Senate

“SHELL Petroleum Development Company (SPDC) Nigeria Limited may take the National Assembly to court if the Senate forces it to pay $1.5 billion compensation to Ijaw communities for alleged environmental degradation.”

Daily Champion (Lagos)

By Sopuruchi Onwuka

Posted 1 September, 2004

SHELL Petroleum Development Company (SPDC) Nigeria Limited may take the National Assembly to court if the Senate forces it to pay $1.5 billion compensation to Ijaw communities for alleged environmental degradation.

The Senate had last week, adopted the recommendation of an advisory body that the multinational firm should pay for the environmental impact of its decades of oil exploration and production in the Niger Delta.

Shell operates Nigeria’s biggest exploration and production joint venture with the Nigerian National Petroleum Corporation (NNPC) as the principal partner representing government’s 55 per cent interest. 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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