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June 23rd, 2005:

Shell unveils blueprint to boost output

Daily Mail (UK): Shell unveils blueprint to boost output

Brian O’Connor,

23 June 2005

SHELL plans to boost oil and gas output by a third in 10 years and to become a major trader in carbon-dioxide emissions.

But its ‘one board, one voice’ plan may need more work. It warned in London that global oil supplies are tight, implying that any setback could drive prices even higher. However, Shell Canada chief Clive Mather said in New York that a price fall was ‘almost inevitable’.

Group chief executive Jeroen van der Veer pointed out that stocks are at ‘pretty normal’ levels. read more

This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

The Borneo Post: Shell vs Dr John Huong trial adjourned to Nov 15

The Borneo Post: Shell vs Dr John Huong trial adjourned to Nov 15

Posted 23 June 2005

The trial of Shell vs Dr John Huong has been adjourned to Nov 14,15,16,17 and 18.

The two-day preliminary hearing of the case saw only one witness taking the stand – Max Prins, a witness for Shell.

Dr Huong, an ex-Shell employee, is suing the company, alleging that he was unfairly dismissed. After a domestic inquiry was conducted by the company, it allegedly found the claimant to have been absent from meetings with his superior and not performing his work as instructed by his superior. The meeting was fixed by the claimant’s superior, Max Prins, every Friday morning from 7.30am to 8am. read more

This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Mr Justice Laddie, High Court Judge, Resigns

Mr Justice Laddie, the High Court Judge who has been the subject of calls for an investigation into his handling on the Shell/Donovan “SMART trial (and has been cited by Shell in the royaldutchshellplc.com domain name battle) resigns from the Bench claiming he is “bored”.:

Thursday 23 June 2005

By Alfred Donovan

In what has been described in “The Scotsman” as “an unusual step”, Mr Justice Laddie, 59, has announced his voluntary resignation from the UK judiciary. He is joining Willoughby & Partners/Rouse Legal, a firm of UK solicitors, as a consultant. Sir Huge Laddie QC is reportedly the first Judge to leave the bench in such circumstances for 35 years.

A front page story published in the Daily Telegraph indicates that the Lord Chancellor, Lord Falconer, is likely to view Sir Hughes return to the legal profession “as a breach of the unwritten rule – almost an unspoken oath – that joining the Bench is a one way street.” The move is so extraordinary that speculation has naturally arisen about the reasons for his departure. read more

This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

The Guardian: Shell ready for acquisition trail

The Guardian: Shell ready for acquisition trail

Thursday June 23, 2005

By Terry Macalister

Shell chief executive Jeroen van der Veer yesterday raised expectations of a big acquisition to put the Anglo-Dutch oil group back on equal terms with BP and ExxonMobil.

Speaking at a press briefing about the advantages of now being able to launch a rights issue, he insisted “we have no specific target in mind” but pointed out that the last 100 years in the oil industry was a story of consolidation.

His remarks came as the prospect of a bidding war loomed last night for US oil group Unocal. China’s state-run oil firm CNOOC is preparing a counter-bid for the firm, upsetting an agreed offer of $18.2bn (£10bn) from America’s ChevronTexaco, sources close to the process told Reuters. A move would be the latest in a series of ambitious acquisitions by Chinese companies in the US and is bound to be closely scrutinised by American regulators. read more

This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Shell’s Chief Reaffirms Goal of 30% More Output by 2015

THE NEW YORK TIMES: Shell’s Chief Reaffirms Goal of 30% More Output by 2015

Thursday 23 June 2005

By HEATHER TIMMONS

Published: June 23, 2005

LONDON, June 22 – Jeroen van der Veer, chief of the Royal Dutch/Shell Group, said Wednesday that the company would spend more on research, focus on big technology-driven projects and possibly acquire other oil producers and reserves to increase production by 30 percent as planned by 2015.

Mr. van der Veer, who took the helm 15 months ago after Shell was forced to admit it had overstated its oil and gas reserves, said earlier this year that the company planned to produce 5 million barrels of oil a day in a decade, up from about 3.5 million to 3.8 million now. This week, he presented his top managers with more details of that 10-year plan, and on Wednesday, he briefed journalists about it at Shell’s London headquarters. read more

This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Shell paves the way for future as natural gas giant

THE TIMES (UK): Shell paves the way for future as natural gas giant

Thursday 23 June 2005

By Carl Mortished, International Business Editor

June 23, 2005

SHELL will transform itself into a global gas major over the next ten years, producing more natural gas than crude oil, as the company steps up investment in ten multibillion-dollar projects, known as “elephants”, Jeroen van der Veer, the chief executive, said.

Shell expects that its production of hydrocarbons will rise from current levels of 3.5 million barrels per day (bpd) to 5 million bpd as the company raises its investment in research and new technology. read more

This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Daily Telegraph: Renewable energy ‘will struggle to pay its way

Daily Telegraph: Renewable energy ‘will struggle to pay its way

Thursday 23 June 2005

By Christopher Hope (Filed: 23/06/2005)

Renewable energy would not be able to pay its own way for at least 10 years, Shell admitted yesterday.

Jeroen van der Veer, Shell’s chief executive, said wind power was only profitable because of generous Government subsidies, while solar power broke even on a cash basis.

He said that Shell treated its renewable energy investments equally, pouring resources into whichever started to look promising.

“The philosophy is pots on the fire: try everything and, by 2015, we should have to make up our mind,” he said. “If one of the pots starts to boil, we will increase the size of the pot.” read more

This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Elephants, tigers and a gust of hot air: Shell ploughs billions into finding more oil and gas

Daily Telegraph (UK): Elephants, tigers and a gust of hot air: Shell ploughs billions into finding more oil and gas

Thursday 23 June 2005

City comment

Edited by Neil Collins

(Filed: 23/06/2005)

Everyone knows the old joke about how many elephants can you fit into a Mini (two in the front, and two in the back). Yesterday Jeroen van de Veer added his own Dutch twist by pondering how many big cats you can fit into an elephant. He didn’t know the answer, but he’s determined to find out.

Shell is recovering its poise, if not yet the one in four of its oil reserves it lost last year, and plans to boost production by over 30pc between now and 2015. To do this, it needs to find 10 elephant projects (at over $1billion each) and many more big cat prospects (over 100m barrels). Since they may be in awkward places run by tinpot dictators, Shell is starting charm academies, so its executives can learn how to get the best deals out of them. read more

This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Shell ploughs billions into finding more oil and gas

Daily Telegraph: Shell ploughs billions into finding more oil and gas

Thursday 23 June 2005

By Christopher Hope, Business Correspondent (Filed: 23/06/2005)

Shell yesterday came out fighting with plans for 10 multi-billion dollar investments – termed “elephant” projects – by 2015, while pouring hundreds of millions of dollars into research and development to help the Anglo-Dutch giant boost production by 31pc to 5m barrels of oil and gas a day by 2015.

Jeroen van der Veer, Shell’s chief executive, also defended next week’s restructuring of Shell Transport and Trading and Royal Dutch Petroleum into one company, which will leave up to 2,000 UK holders of Royal Dutch stock nursing a large capital gains tax bill. read more

This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Something quite seismic is happening at Shell, you can be sure of that

The Independent: Michael Harrison’s Outlook: Something quite seismic is happening at Shell, you can be sure of that

Thursday 23 June 2005

How many barrels are in a Big Cat and how many Big Cats make an Elephant? There is a new language at Shell to go with the new corporate structure which shareholders are being asked to approve next week. And while much of the terminology will remain comprehensible only to oilmen, there is a very palpable sense that what we are witnessing is the emergence of a new Shell.

In the space of a year, the chief executive Jeroen van der Veer has swept away a century of conservative, in-bred tradition. Five days from now Shell will shed its split personality and its historical baggage and re-emerge as a single company with one board, one chief executive and one headquarters. No big deal, the rest of the oil industry may say. But within Shell, the ramifications are seismic. read more

This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Shell steps on the gas with plan to raise output by 40 per cent

The Independent (UK): Shell steps on the gas with plan to raise output by 40 per cent

Thursday 23 June 2005

By Michael Harrison, Business Editor

23 June 2005

Shell plans to exploit the new era of high oil prices by raising output by more than 40 per cent over the next 10 years to about 5 million barrels a day, by which time it could be a bigger producer of gas than oil.

The company also announced that it plans to appoint a “Mr or Mrs CO2” to spearhead its efforts to tackle greenhouse gas emissions and create a new future energy forum within Shell to drive the growth in renewable power such as wind and solar. read more

This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Shell CEO Expects Output to Increase 30% Over Decade

THE WALL STREET JOURNAL: Shell CEO Expects Output to Increase 30% Over Decade

By CHIP CUMMINS
Staff Reporter of THE WALL STREET JOURNAL
June 23, 2005; Page A3

(See Corrections & Amplifications item below.)

LONDON — Royal Dutch/Shell Group’s chief executive said the company is on track to boost oil and natural-gas production about 30% in the next decade, as a number of big projects already in the works come on line and as Shell bolsters its exploration-and-production business with new finds.

Jeroen van der Veer reiterated the company’s earlier projection that Shell expects flat production in the next few years, a problem shared by some other major oil companies. read more

This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.