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Posts on ‘June 16th, 2006’

THE NEW YORK TIMES: …Ethics: “… Enron, WorldCom, Tyco and Shell”

THE NEW YORK TIMES: Business Profs Rethinking Ethics Classes: “The four picked through the cases of Enron, WorldCom, Tyco and Shell”.

By THE ASSOCIATED PRESS
Published: June 16, 2006
Filed at 3:08 p.m. ET

BOULDER, Colo. (AP) — Last fall, Bentley College management professor Tony Buono taught a class on corporate scandals with colleagues pitching in from finance, accounting and even the philosophy department. The four picked through the cases of Enron, WorldCom, Tyco and Shell.

At the end of the semester, the number of students in a simulated trading room who were caught in misconduct or misusing information for insider trading was significantly higher than at the beginning. The students said, ”You taught us how to do it,” Buono recalled. read more

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

CALGARY SUN: BlackRock deal almost done: Shell receives 93% of shares

Fri, June 16, 2006

By IAN WILSON,
 
Shell Canada Ltd. has received 92.8% of BlackRock Ventures Inc.’s common shares, as its $2.4-billion takeover nears completion.

Shell announced today that wholly-owned subsidiary BR Oil Sands Corp. has taken up the shares, which will be paid for next week.

BR Oil Sands also declared its offer unconditional and extended it until June 27 to allow BlackRock shareholders more time to tender their shares.

On Tuesday, Shell received approvals for its bid, which was announced in May, from the federal industry minister and Competition Bureau. read more

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

Reuters: Shell Canada declares bid for BlackRock unconditional

Fri Jun 16, 2006 9:55am ET

AMSTERDAM, June 16 (Reuters) – Anglo-Dutch oil giant Royal Dutch Shell Plc. (RDSa.L: Quote, Profile, Research) said on Friday that its subsidiary Shell Canada (SHC.TO: Quote, Profile, Research) has declared its bid to acquire oil sands producer BlackRock (BVI.TO: Quote, Profile, Research) unconditional.

Shell said in a statement that Shell Canada had acquired 92.8 percent of the common shares of BlackRock on a fully-diluted baisis and would pay for the shares in June 21. read more

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

African News Dimension: Niger Delta: Shell moves to regain production targets

June 16, 2006 

The Shell Petroleum Development Company (SPDC) has drawn a blueprint to attain production targets, after cutting down production levels because of the persistent unrest in the oil-bearing communities in the Niger Delta. 
 
The Shell Petroleum Development Company (SPDC) has drawn a blueprint to attain production targets, after cutting down production levels because of the persistent unrest in the oil-bearing communities in the Niger Delta.

The News Agency of Nigeria (NAN) reports that circumstances characterised as “difficult situations” compelled Shell to declare force majeure, resulting to loss of about 455,000 barrels per day in production targets. read more

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

NDTV Profit (India): Shell to buy gas under long term contracts

Joydeep Ray
(Mumbai):

The Anglo-Dutch energy giant Shell was one of the first to start investing in gas in India but one of the last to get its business going.

Now it is making a late start, trying to catch up with rivals, Gail and Petronet LNG. The goal is to buy cheap LNG and Shell has finally decided that it is cheaper to buy gas under long term contracts rather than at spot market rates.

“Domestic buyers are refusing to pay the prices Shell is demanding in the range of US $ 8-10. Most of the fertilisers and power companies are not willing to pay more than US $ 4-5 and they are benchmarking it to Petronet LNG Limited, which has a different formula,” said Nagarajan Narasimhan, Head of Research, CRIS INFAC. read more

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

UPI: First Rockies natural gas report issued

June 16, 2006  

The U.S. Wildlife Conservation Society has released the first-year results of a study on how natural gas development in the Rockies might affect wildlife.

The report represents initial data from a five-year WCS study funded by the Shell Exploration & Production Co., Ultra Resources Inc. and other natural gas developers. The study focuses on how such development influences wildlife in the Rocky Mountains — a region that serves as a critical wintering ground for pronghorn antelope, the focus species of the study. read more

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

Daily Telegraph: Database: Energy

 

• A pipeline connecting the Netherlands and the UK will start sending natural gas to Britain as scheduled on Dec 1 after the operator laid down the link under sand dunes.

• Royal Dutch Shell said it will start drilling for natural gas in Libya next year to help feed the expansion of a liquefied natural-gas plant.

• Ineos Group, which bought BP’s petrochemicals unit for $9bn, said profit fell on higher distribution costs, one-time administrative expenses and finance charges.

http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2006/06/16/cxbloom16.xml read more

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

Nigerian Tribune: No plan to re-admit Shell into Ogoniland – MOSOP

BOLAJI OGUNDELE, Port Harcourt – 15.06.2006

Ogoni people in Rivers State have denounced a recent report that the oil giant, Shell Petroleum Development Company (SPDC), would soon gain access back to the oil fields in their land.

A national daily had recently quoted the Minister of State for Petroleum, Dr. Edmund Daukoru, as assuring that the SPDC would soon go back on full operations in Ogoniland as plans were already being put together to facilitate a reconciliation meeting between the company and the community, relying on the success of the recent reconciliation of the Ogoni 13. read more

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

THE NEW YORK TIMES: U.S.-Style Pay Packages Are All the Rage in Europe

By GERALDINE FABRIKANT
Published: June 16, 2006

Along with hip-hop and Hollywood movies, Europeans are eagerly importing another American phenomenon: soaring pay packages for chief executives.

In Asia, Executives Earn Much Less (June 16, 2006) For decades, Europeans were far more restrained than Americans when it came to rewarding the boss. Now, executives overseas are less inhibited about asking for American-style compensation. And often they are getting their wish.

But while huge paydays have become a staple of American corporate life, in Europe this appears to be less acceptable to investors, and in some countries, resistance is building. read more

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

Canberra Times – Australasia: Too foggy for Shell chief, but party goes on

June 16, 2006
 
There are some things that still baffle science. Canberra fog is one of them.

Chairman of Shell Companies in Australia Russell Caplan was unable to deliver his congratulations yesterday at the 21st birthday party of the Shell Questacon Science Circus at Parliament House.

His plane from Melbourne was cancelled because of the notorious Canberra fog.

But the festivities went on regardless, with fun interactive displays, some science entertainment for schoolchildren and a birthday cake in the shape and colours of the Science Circus truck. read more

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.