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June 26th, 2005:

Shell Exploration & Production Chief, Malcolm Brinded under fire says The Observer

ShellNews.net: Shell Exploration & Production Chief, Malcolm Brinded OBE under fire says The Observer

Sunday 26 June 2005

By ShellNews.net Editor

John Donovan

In an article headed” Exploration chief under fire in new-look Shell”, the Observer reports that “One leading investor said: ‘One area where people are looking closely and thinking about change is that they are getting fed up with Brinded.’ According to the article his “concerns were echoed by some analysts”

In another Observer article headlined “Shell: still too sure of itself?”, an investor is quoted as saying: ‘There are management questions here. Malcolm Brinded [head of E&P] was seen as a steady hand last year, but Oman and the speed of development elsewhere has led to muttering about him.’ 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 to end going Dutch and unite

THE BUSINESS: Shell to end going Dutch and unite

Sunday 26 June 2005

By: Richard Orange June 26, 2005

THIS Tuesday, Royal Dutch/Shell’s management team go their separate ways. Chairman Jeroen van der Veer is off to The Hague, taking with him refining head Rob Routs and gas chief Linda Cook. Exploration head Malcolm Brinded stays in London, bringing along retiring chairman Lord Oxburgh.

Management might act as one when deciding on what terms to accept for one of the company’s multibillion dollar mega-projects, as the company has always claimed, but each director is subservient to the board of one half or other of the separate listed arms of Royal Dutch Petroleum and Shell Transport and Trading. 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.

FTSE dominance beckons for oil and gas

THE BUSINESS: FTSE dominance beckons for oil and gas

Sunday 26 June 2005

By: Richard Orange

THE oil and gas sector is set to depose the financial sector as the most valuable on London’s FTSE index within months of Royal Dutch Petroleum merging with Shell Transport and Trading on July 20.

Shareholders meet on Tuesday to vote on whether to merge the two companies, setting in motion a process that index analysts expect to lead to the first change in the top FTSE sector since banks jumped in front of telecoms as the technology bubble burst in 2000.

It will be the first time the oil and gas sector has been dominant, as measured by today’s FTSE classifications, since it held thrall in the 1980s. 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.

Yahoo! News: Shell shareholders prepare to vote on historic merger

Yahoo! News: Shell shareholders prepare to vote on historic merger

Sunday 26 June 2005

LONDON (AFP) – Royal Dutch/Shell shareholders will vote Tuesday on historic plans to merge the oil giant’s two holding companies following an internal crisis caused by the overestimation of proved energy reserves.

At separate annual general meetings in The Hague and London, shareholders were expected to end nearly a century of tradition by backing an overhaul of the group’s corporate governance structures via unification of Royal Dutch Petroleum and the British arm Shell Transport and Trading. 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.

Sunday Business Post (Ireland): Hot competition for Shell’s Irish business

Sunday Business Post (Ireland): Hot competition for Shell’s Irish business

Sunday 26 June 2005

By Neil Callanan

Maxol, Petrogas and Statoil are among the companies believed to have considered buying the Irish business of Shell, according to retail sources.

Shell said this weekend that it was in talks with a number of prospective buyers for its retail service station network, supply and distribution assets and facilities and its commercial fuels, lubricants and marine businesses.

Shell is keeping its Corrib natural gas project as well as its aviation, bitumen and chemicals businesses. 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 Independent on Sunday: Shell to sing a new tune

The Independent on Sunday: Shell to sing a new tune

Sunday 26 June 2005

Edited by Ben Schneiders

After last year’s reserves scandal, Shell shareholders will get the chance on Tuesday to approve a radical revamp of the company’s structure. They will vote on a proposal to merge the Dutch and British holding companies to form a single entity, to be called Royal Dutch Shell.

For nearly a century, Shell has operated under dual ownership, but this came under heavy fire in 2004 after the group slashed its proven oil and gas reserves by 20 per cent. The scandal claimed three top executives and severely dented investor confidence in the corporate structure and management. 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 Observer: Exploration chief under fire in new-look Shell

The Observer: Exploration chief under fire in new-look Shell

Sunday June 26, 2005

Oliver Morgan

Malcom Brinded, head of Shell’s exploration and production division, will come under growing pressure from investors as the dual-listed company prepares for an historic merger of its UK and Dutch arms.

Investors meeting in London and The Hague this week will point to Shell’s lacklustre performance in securing major new production, including the failure to secure the rights to develop oilfields in Oman and Abu Dhabi, and the absence of a clear plan to replace reserves that were downgraded last year. 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.

Scotland on Sunday: Chaos looms as Shell’s halves unite at last

Scotland on Sunday: Chaos looms as Shell’s halves unite at last

Sunday 26 June 2005

IN THE CITY

IAIN DEY

SHELL runs the risk of spreading chaos through the market this week via its efforts to clean up its reputation.

The oil giant is to seek shareholder approval for the overhaul of its complicated corporate structure that was demanded in the wake of last year’s reserves reporting scandal.

At separate meetings in London and Amsterdam on Tuesday morning shareholders will vote on the plans to unify the company’s Dutch and British halves into one organisation – which are likely to be approved by an overwhelming majority of shareholders. 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.

Nigeria: campaigners won’t let Saro-Wiwa die

The Observer: Nigeria: campaigners won’t let Saro-Wiwa die

Sunday June 26, 2005

People living in the shadow of Shell refineries and pipelines will be converging on the oil giant’s annual meetings in London and The Hague this week in order to draw attention to its record on pollution and human rights.

Community representatives and environmental campaigners from Siberia to Texas, and from Nigeria to the Philippines, will be among those seeking to put polite but embarrassing questions to Shell’s board this week.

Co-ordinated by Friends of the Earth, it’s an increasingly well-organised – and impatient – campaign, which this year marks the tenth anniversary of Ken Saro-Wiwa’s death. 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: still too sure of itself?

The Observer: Shell: still too sure of itself?

Sunday 26 June 2005

Worries linger, but the oil giant has at least listened to investors, writes Oliver Morgan

Sunday June 26, 2005

The Observer

On Tuesday, the directors of Royal Dutch Shell, the dual-listed oil group, head for annual meetings in London and the Hague, expecting a smoother ride than they got this time last year.

Then they faced their owners sure of only one thing: a tongue lashing. The company was in the midst of a crisis triggered by the downgrading of oil and gas reserves by 4.5 billion barrels, or 23 per cent (there have since been further cuts of 1.4 billion). Anger grew as details emerged about directors covering up the problems. There was outrage that Shell’s former senior executive, Sir Phil Watts, got a £1 million payoff. There was concern at the clumsy company structure, and irritation at the apparent resistance to change. Lord Oxburgh looked shell shocked as he was barracked from the floor. 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 SUNDAY TELEGRAPH: Investors play the Shell game

THE SUNDAY TELEGRAPH: Investors play the Shell game

Sunday 26 June 2005

(Filed: 26/06/2005)

Shares in the oil giant have seen stronger rises than BP’s for a technical reason relating to its unification with Royal Dutch. Can the outperformance last? Sylvia Pfeifer reports

A deceptively simple new investment idea has been doing the rounds of the trading floors in the City in recent weeks: “Sell BP, buy Shell”. The idea has little to do with the fundamentals of the respective businesses of the two oil giants but a lot to do with the upcoming merger of Shell’s two operating companies, Shell Transport & Trading, its UK arm, and Royal Dutch Petroleum of the Netherlands. 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.