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Posts on ‘August 16th, 2005’

Shell turns eye of the tiger on hunt for big cats

Lloyds List: Shell turns eye of the tiger on hunt for big cats

“Shell’s involvement in the controversial Sakhalin II project that has seen a doubling in costs to $20bn for all operations to 2014 is a key part of its strategy to boost LNG output levels. Delays to pipelines and offshore platforms, plus calls for more environmental sensitivities has meant LNG deliveries from the project are delayed by at least six months to 2008.”

Tuesday August 16, 2005

Global growth in demand for liquefied natural gas is driving the market leader Royal Dutch Shell to double its production capacity by the end of the decade, while it refocuses its exploration efforts to find the big cats, writes Martyn Wingrove

AFTER completing the unification of the two board of directors and the full merger into Royal Dutch Shell, chief executive Jeroen van der Veer wants is putting the focus back on growth through capital projects and building gas infrastructure. 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.

Lloyds List: Shell draws up blueprint to decommission five platforms

Lloyds List: Shell draws up blueprint to decommission five platforms

British government will scrutinise plans to decommission platforms on Indefatigable gas field, writes Martin Wingrove

Tuesday August 16, 2005

SHELL is preparing to submit a plan to the British government outlining how it will decommission five platforms on the Indefatigable gas field in the southern North Sea.

The Anglo-Dutch oil major intends to gather data on its decommissioning options and submit a plan to the Department of Trade and Industry this year. Shell has started discussions with contractors to find the most cost effective and safe method of decommissioning the wells, platform structures, associated pipelines and hose bundles from the Inde field. 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.

Irish Independent: Jailed five urge Shell to lift court ban and allow gas talks

Irish Independent: Jailed five urge Shell to lift court ban and allow gas talks

“They will not and cannot accept the pipeline, but are still prepared to talk to Shell.”: “In their letter, the men say that the dealings of the Government had seen their land rights given to a private company, the lives of families and neighbours endangered and the natural resource of the Irish people given away.”

Tuesday August 16, 2005

By Lorna Reid

THE Rossport Five have asked Shell to stand down their High Court injunction so they can leave prison to attend talks on the Corrib gas pipeline.

The men will have been in Cloverhill prison for 50 days tomorrow, and say that they want to enter talks with Shell to end the impasse over the pipeline.

In an open letter from their jail cells, the men said they are in prison for an indefinite time.

They will not and cannot accept the pipeline, but are still prepared to talk to Shell. 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.

A Black Eye for Royal Dutch Shell Chairman Lord Oxburgh in relation to Shell fraud allegations

ShellNews.net: A Black Eye for Royal Dutch Shell Chairman Lord Oxburgh in relation to Shell fraud allegations

Tuesday 16 August 2005 03.50 ET

A Black Eye for Royal Dutch Shell Chairman Lord Oxburgh in relation to Shell fraud allegations

By John Donovan

Shareholders and journalists who attended the AGM’s of Shell Transport and Trading Company plc in 2004 and 2005 witnessed the hostile exchanges between Shell Transport Chairman Lord Oxburgh and an outspoken, thoroughly disgruntled shareholder, Mr John Farmer.

During the particularly tumultuous 2004 AGM Mr John Farmer publicly branded Sir Philip Watts as a “crook” – a comment which caught the attention of the news media. (links below) 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.

Newark Star Ledger, NJ: Judge allows Shell fraud case to go forward

Newark Star Ledger, NJ: Judge allows Shell fraud case to go forward

“A Newark federal judge has ruled a massive securities fraud case against the world’s third-largest oil company can go forward.”: “The allegations were “adequately” made that the oil company “engaged in material and substantial fraudulent conduct in the United States,” Bissell wrote in the ruling issued last week.”: “A settlement in a separate case brought by pension holders who claimed losses as a result of the stock price drop, is expected to be wrapped up by the end of the month, court officials said yesterday. Shell has agreed to pay about $90 million to compensate the pensions.”

Tuesday, August 16, 2005

Overstatement of oil reserves triggered massive stock losses

BY KATE COSCARELLI

Star-Ledger Staff

A Newark federal judge has ruled a massive securities fraud case against the world’s third-largest oil company can go forward.

U.S. District Court Chief Judge John Bissell issued a 147-page ruling noting the case against Royal Dutch/Shell had merit in American courts and could include foreign investors.

The case is rooted in a steep drop in Shell’s stock last year when the company said it had overstated its oil reserves, one of the key measures of an oil company’s wealth and future strength. 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.

THE TIMES: City Diary: Alfred Donovan and Royal Dutch Shell

THE TIMES (UK): City Diary

“AN ATTEMPT by Royal Dutch Shell to claim the website royaldutchshellplc.com from an 88-year-old veteran who uses it to publish material that criticises the oil giant has failed.”

Tuesday August 16, 2005

City Diary

By Dominic Walsh

AN ATTEMPT by Royal Dutch Shell to claim the website royaldutchshellplc.com from an 88-year-old veteran who uses it to publish material that criticises the oil giant has failed.

The Geneva-based WIPO Arbitration and Mediation Centre has just ruled in favour of Alfred Donovan, who has said that he will not relinquish the site until the company gets rid of all the management he deems responsible for its various recent woes, notably the reserves scandal. 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.

Los Angeles Times: Judge Allows Shell Holder Suit to Continue

Los Angeles Times: Judge Allows Shell Holder Suit to Continue

“A federal judge has allowed a stock fraud lawsuit against Royal Dutch Shell to continue…”: “The U.S. Department of Justice has also launched a criminal investigation, according to the opinion by U.S. Chief District Judge John W. Bissell.”

Tuesday 16 August 2005

By JEFFREY GOLD, AP Business Writer

NEWARK, N.J. — A federal judge has allowed a stock fraud lawsuit against Royal Dutch Shell to continue, finding that the shareholders had “adequately” shown reason for the court to examine their allegations concerning the company’s restatements of its oil reserves.

The class-action lawsuit questions whether the company’s statements on its reserves, an important measure of future performance, purposely omitted or twisted important facts. 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.

Western People (Ireland): Legal fear prompts Council to resist call for offshore site

Western People (Ireland): Legal fear prompts Council to resist call for offshore site

Tuesday 16 August 2005

BY CHRISTY LOFTUS

The Cathaoirleach of Mayo County Council has been given the go-ahead to use the “goodwill, office and resources of the council” to seek the release of the Rossport 5.

The council, following legal advice and guidance from the acting county manager, declined to adopt a motion calling on Shell to move the processing of the gas to sea.

At a special meeting of the authority in Castlebar, which went on for four and a half hours at the weekend, the Shell to Sea campaign and one of the wives of the Rossport Five addressed the meeting. 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.

Forbes: Ireland offers Shell, Island oil exploration licences

Forbes: Ireland offers Shell, Island oil exploration licences

Tuesday 08.16.2005

AFX News Limited

DUBLIN (AFX) – The Irish government offered Royal Dutch Shell PLC and Island Oil and Gas licences to drill deepwater areas of the Atlantic Ocean.

Marine and natural resources minister Noel Dempsey said that the 16-year licences had been offered for offshore exploration in the North East Rockall Basin area, off Ireland’s northwest coast.

Most of Ireland’s Atlantic offshore remains to be explored for gas, but the country is believed to have no offshore oil. 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.

The Australian: Chinese whispers wrong on Woodside

The Australian: Chinese whispers wrong on Woodside

“CHINA’S third-ranked oil company, the government-owned CNOOC, was not interested in making a takeover offer for Woodside Petroleum, it has told the West Australian Government.”

Tuesday August 16, 2005

Nigel Wilson, Energy writer

CHINA’S third-ranked oil company, the government-owned CNOOC, was not interested in making a takeover offer for Woodside Petroleum, it has told the West Australian Government.

The company’s CEO, Fu Chengyu, dismissed the suggestion at a meeting in Beijing last week with Western Australia’s State Development Minister, Alan Carpenter.

The English-speaking Mr Fu opened the discussion with the senior minister by openly addressing speculation that has helped drive Woodside’s shares hit record highs in recent weeks. 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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