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Posts on ‘September 26th, 2004’

399 Ex-Employees Of Shell Win Suit For Refund Estimated At RM100 Million

Sarawak News: 399 Ex-Employees Of Shell Win Suit For Refund Estimated At RM100 Million: “The Miri High Court has ordered Sarawak Shell Bhd (SSB), Sabah Shell Petroleum Co Ltd (SSPC), the Trustees of Shell Sarawak and Sabah Retirement Fund (SSSRBF) and Shell Sarawak and Sabah Provident Fund (SSSPF), to pay nearly RM100 million to 399 former employees”

(Webmasters note: Sabah Shell Petroleum Co Ltd is a UK company)

Posted 26 Sept 04

MIRI, Sept 23 (Bernama) — The Miri High Court has ordered Sarawak Shell Bhd (SSB), Sabah Shell Petroleum Co Ltd (SSPC), the Trustees of Shell Sarawak and Sabah Retirement Fund (SSSRBF) and Shell Sarawak and Sabah Provident Fund (SSSPF), to pay nearly RM100 million to 399 former employees.

Judicial Commissioner, Datuk Abdul Aziz Abdul Rahim, last Monday ruled in favour of the ex-employees, named Project Team A, who filed their suit on Nov 29, 2002 through their counsel, Eric Khoo and Gabriel Kok. 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

Oil Prices Rise Again As Production Lags

The New York Times: Oil Prices Rise Again As Production Lags

“…one factor that may have contributed to Friday’s rise in prices was violence in Nigeria that forced Royal Dutch/Shell Group, which accounts for roughly half the country’s daily exports of 2.5 million barrels, to evacuate two oil facilities.”

By THE ASSOCIATED PRESS

Posted 26 September 2004

NEW YORK (AP) — Oil prices neared $49 a barrel Friday, capping a rise of 7 percent for the week, as Gulf of Mexico crude production rebounded at a slower-than-expected rate in the wake of Hurricane Ivan.

Light crude for November delivery rose 42 cents to settle at a new high of $48.88 per barrel on the New York Mercantile Exchange. The price of oil is up 73 percent from a year ago.

The federal Minerals Management Service reported Friday that daily oil production in the Gulf remains 27 percent below normal at about 1.2 million barrels per day — the same level as Thursday. The agency said 10 million barrels of oil, the equivalent of 1.7 percent of annual production in the region, have been lost since last Monday, when offshore producers began evacuating crews. 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

Rebels fight government to control Nigerian oil

Sunday Telegraph: Rebels fight government to control Nigerian oil

“on Thursday, the oil giant Shell evacuated more than 250 non-essential members of staff from two facilities in the Niger Delta.”

By Katharine Houreld in Port Harcourt

(Filed: 26/09/2004)

On the widescreen television in front of me, Sylvester Stallone is fondling a semi-naked blonde. Sitting to my left on a sofa, staring at the screen, is Alhaji Dobuko Asari – a rebel leader and oil robber baron whose gang violence has turned Port Harcourt, Nigeria’s oil-producing capital, into a war zone.

Asari, an Islamic convert who admires Osama bin Laden, has been denouncing the decadence of Western society but in truth his rhetoric is as passionless as Stallone’s performance. Only the subject of oil rouses him. 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 agrees to cull surplus non-execs

Sunday Telegraph: Shell agrees to cull surplus non-execs

“Executives of Royal Dutch/Shell, the Anglo-Dutch oil giant, have agreed to make a huge cull of its non-executive directors…”: “Meanwhile Judy Boynton, the discredited former finance director, is understood to be likely to agree her severance package in the next two weeks.”: “Her position was seen as untenable after the reserves debacle.”: “It is understood that her package will be close to her contractual terms, which guarantee a payoff worth at least $1m.”

By Sylvia Pfeifer (Filed: 26/09/2004)

Executives of Royal Dutch/Shell, the Anglo-Dutch oil giant, have agreed to make a huge cull of its non-executive directors – the clearest sign yet that the company will unify its two boards next year.

The boards of the two companies – Royal Dutch and Shell Transport & Trading – currently have 16 non-executives between them, far more than the average UK plc board.

The non-execs on the Royal Dutch board include some of Holland’s leading business and political figures, including Wim Kok, the country’s former prime minister. Shell Transport & Trading’s board has nine non-executives. 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

Market miscellany: It’s too early to buy Shell

Sunday Telegraph: Market miscellany: It’s too early to buy Shell

“Over the past year Shell has made a habit of delivering nasty surprises, notably its disastrous admission in January that it had overbooked its proven oil and gas reserves by 25 per cent. Last week the oil giant’s long-awaited strategy presentation for once contained no surprises – but it didn’t impress either.”

Edited by Grant Ringshaw

(Filed: 26/09/2004)

Over the past year Shell has made a habit of delivering nasty surprises, notably its disastrous admission in January that it had overbooked its proven oil and gas reserves by 25 per cent.

Last week the oil giant’s long-awaited strategy presentation for once contained no surprises – but it didn’t impress either. The presentation went some way towards addressing Shell’s fundamental problem – the need to find more oil and gas reserves. 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

Nigerian rebels target Agip

News24.com: Nigerian rebels target Agip

“Despite fighting in the area, Shell said there has been no disruption to its production and exports. Shell accounts for roughly half of Nigeria’s daily exports of 2.5 million barrels. Companies fear a repeat of last year’s uprising by members of the Ijaw tribe, which forced them to temporarily shut 40% of the 2.5 million barrel daily output.”

Posted 26 Sept 04

Rome – The Italian oil group Eni said on Sunday that it would continue operations in Nigeria, despite reported threats by a militant group, and denied that its helicopters had been used for military purposes.

“We have no reason to believe that our employees or installations are in danger,” said a spokesperson for the group, which operates in Nigeria through a subsidiary, Agip.

He said production activity was normal.

A local warlord, Mujahid Dokubo-Asari accused Agip of lending helicopters to the military to spy on rebel positions. 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 May Build Chemical Plant in Qatar, Energy Minister Says

Bloomberg: Shell May Build Chemical Plant in Qatar, Energy Minister Says

“The Anglo-Dutch company is counting on Qatar to help recover proven reserves, which it said in January had been overstated for years.”

Sept. 26 (Bloomberg) — Royal Dutch/Shell Group agreed to consider building a chemical plant in Qatar that would help convert the nation’s natural gas reserves, the world’s third- largest, into raw materials used in plastics, the Gulf state’s energy minister said.

Shell, in partnership with Qatar Petroleum, is studying the feasibility of building a processing plant to take ethane out of gas produced from Qatar’s North field, the world’s largest, and produce ethylene, used in an array of products from antifreeze to solvents, said Abdullah bin Hamad al-Attiyah in Abu Dhabi. 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

Nigerian Rebels to Widen Conflict, Target Agip

THE NEW YORK TIMES: Nigerian Rebels to Widen Conflict, Target Agip

Companies fear a repeat of last year’s uprising by members of the Ijaw tribe, which forced them temporarily to shut 40 percent of the country’s 2.5 million barrel per day output.: “We have decided to declare Operation Locust Feast which will cover the whole Niger delta. It is going to be an all-out war against the Nigerian state.”

By REUTERS

Published: September 26, 2004

LAGOS (Reuters) – Nigerian rebels battling troops in Africa’s top oil exporter declared on Sunday they would extend their uprising across the whole of the country’s oil-producing southern delta.

A rebel leader told Reuters the conflict, currently focused in the eastern part of the delta, was to force political reforms or gain sovereignty for the impoverished region, adding that his militia would attack Italian oil installations and personnel. 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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