News and information on Shell PLC
Royal Dutch Shell has announced that the 2008 Strategy presentation for analysts and shareholders will take place on Monday, 17 March, 2008 at 14.00 GMT (15.00 CET and 09.00 EST).
The presentation of the first quarter 2008 results will take place on Tuesday, 29 April 2008 at 14.00 GMT (15.00 CET and 09.00 EST). This event will be webcast only.
By Upstream staff
US crude oil futures rocketed past $104 on Wednesday following word that US crude stocks fell unexpectedly last week.
Nymex April crude was up $4.58, or 4.6%, at $104.10 a barrel, having traded from $99.55 to a record $104.56, eclipsing the record $103.95 reached on Monday.
London Brent was $2.77 up at $100.29 a barrel, off highs of $100.59.
Prices increased after the US Energy Information Administration said US crude stockpiles posted a surprise draw last week as refiners boosted output and imports sagged.
By Upstream staff
Royal Dutch Shell is seeking a partner to farm-in to its 20% stake in the Orphan basin exploration play off Newfoundland.
The successful bidder would pay drilling costs in return for an interest in the properties.
“We are simply looking to see if there are parties interested in the cost and risks of our interest in the next Orphan well,” said a Shell spokesman.
Shell Canada owns a 21,250 square kilometer (8205 square mile) block in the basin located off the east coast of the Canadian province. Chevron holds 50%, while ExxonMobil and Imperial Oil each have 15%.
Brian Robins
Thursday March 6, 2008
THE State Government has accused petrol stations of refusing to sell premium unleaded fuel on Tuesdays – the cheapest day of the week – after a Government survey found that a quarter of Sydney’s stations shut their premium unleaded bowsers that day.
“I will be contacting the new petrol commissioner with the results of this survey and asking him to investigate this as a matter of priority when he takes up the job,” the Minister for Fair Trading, Linda Burney, said.
Wed Mar 5, 2008 10:54am EST
CALGARY, Alberta (Reuters) – Royal Dutch Shell Plc’s (RDSa.L: Quote, Profile, Research) Canadian unit is hunting for a partner willing to take a stake in an expensive exploration play off the coast of Newfoundland.
Shell Canada Energy is looking for a company willing to farm into its 20 percent stake in the Orphan Basin exploration play. Any successful bidder would pay drilling costs in return for an interest in the properties.
“We are simply looking to see if there are parties interested in sharing the cost and risks of our interest in the next Orphan well,” Jeff Mann, a spokesman for Shell, said on Wednesday.
By Reza Amanat
Last update: 9:03 a.m. EST March 5, 2008
LONDON (MarketWatch) — Royal Dutch Shell PLC and Dutch unions representing energy workers, have reached agreement over a 5.5% pay rise in 2008, for workers at Shell’s 420,000 barrel-a-day Pernis oil refinery, a union representative confirmed Wednesday.
The agreement includes an annual pay rise of 3.5% starting from March 1 and lasting until March 1, 2010, with an additional pay rise of 2% in the first year, after union representatives agreed workers would give up four days of annual leave.
Wed Mar 5, 2008 7:56am EST
AMSTERDAM (Reuters) – Royal Dutch Shell (RDSa.L: Quote, Profile, Research) is set to shut a catalytic cracker at its 412,000 barrels a day Dutch Pernis refinery for planned maintenance from mid-March, an industry source said on Wednesday.
The source said the unit, which he described as one of five at Europe’s biggest refinery, would be shut for three to four weeks. He said preparations were already under way at the refinery to gear up for the maintenance.
“They are busy preparing to shut it down at the moment,” the source told Reuters by telephone.
By John Donovan
On Saturday 26 February we published an article authored by me entitled…
Machinations in New Jersey Court linking Royal Dutch Shell with ambulance chaser lawyers
It announced the surprising news that an Order which allowed Shell to proceed with a Non-U.S. settlement costing Shell shareholders over $400 million in respect of the 2004 reserves fraud had been sought and obtained by Liaison Counsel Keefe Bartels – New Jersey based “Personal Injury Lawyers”. We pointed out that they are “a type of law firm known as “ambulance chasers”; “a derogatory phrase sometimes used to describe a trial lawyer who specializes in representing accident victims” (definition borrowed from Wikipedia). I made the comment: “Perhaps it was useful to have such a law firm carrying out the liaison function”.
Wednesday March 5 2008
By SINAN SALAHEDDIN
Associated Press Writer
BAGHDAD (AP) – Iraq’s cabinet has given the green light to the Oil Ministry to sign agreements with international oil companies to help increase the nation’s crude output, a ministry official said Wednesday.
The two-year deals, known as technical support agreements, or TSAs, are designed to develop five producing fields to add 500,000 barrels per day to the country’s 2.4 million barrels per day output.
Last December, Royal Dutch Shell PLC, BP PLC, ExxonMobil Corp. and Chevron Corp. submitted technical and financial proposals for the five fields and received counterproposals from the Iraqi side.
EarthTimes.Org: Posted : Wed, 05 Mar 2008 13:12:02 GMT
Author : Shell Energy North America
Category : PressRelease
HOUSTON, March 5 — Shell Energy North America (US), L.P., (Shell Energy North America) a leading natural gas and power marketing and trading company, today announced it would discuss potential natural gas supply sales with large natural gas consumers and distribution companies in Long Island, New York City and southern Connecticut in support of the success of the Broadwater project.
March 05, 2008
Jim Kingsdale: Bio & more articles
Underlying nearly all discussions of the oil price is a standard economic concept: supply and demand.
Published: Wednesday, March 5, 2008 | 5:34 AM ET
Canadian Press: Sinan Salaheddin,
THE ASSOCIATED PRESS
BAGHDAD – Iraq’s cabinet has given the green light to the Oil Ministry to sign agreements with international oil companies to help increase the country’s crude output, a ministry official said Wednesday.
The two-year deals, known as technical support agreements, or TSAs, are designed to develop five producing fields to add 500,000 barrels per day to the country’s current 2.4 million barrels per day output.
Wed Mar 5, 2008 5:08am EST
AMSTERDAM, March 5 (Reuters) – Anglo-Dutch oil giant Royal Dutch Shell Plc (RDSa.L: Quote, Profile, Research)(RDSb.L: Quote, Profile, Research) said on Wednesday it had reached a wage agreement with unions for its employees at its Dutch Pernis refinery and its Moerdijk plant.
Shell said in a statement salaries will increase by 5.5 percent this year and 3.5 percent in March next year under a deal that affects 2,100 employees at Pernis, Europe’s biggest refinery, and Moerdijk, where Shell processes chemicals.
Eric Watkins
Senior Correspondent
LOS ANGELES, Mar. 4 — Sakhalin Energy, operator of the Sakhalin-2 gas and oil project, reported it is no longer seeking loans from the US Export-Import Bank or the UK’s Export Credits Guarantee Department due to possible delays on loan decisions.
A Sakhalin Energy spokesman said Ex-Im Bank might require lengthy consultations over the loans, but that the project’s tight start-up and operating schedule dictated the need to seek a swifter financing decision, not environmental or political concerns.
As Stronger Dollar Prompts Retreat
By BRIAN BASKIN
March 5, 2008; Page C5
Crude-oil futures fell sharply yesterday as speculators drawn to the market by the weak dollar bailed at the first sign that the currency was strengthening.
Light, sweet crude for April delivery settled $2.93, or 2.9%, lower at $99.52 a barrel on the New York Mercantile Exchange.
The drop at settlement was the largest percentage decline since Feb. 1, while the intraday low of $98.87 was last matched Feb. 26. Most of the losses came in the morning, when crude shed $4 in two hours, before stabilizing around $100.
By Ed Crooks in London
Published: March 5 2008 02:00 | Last updated: March 5 2008 02:00
BP’s top executives, including Tony Hayward, chief executive, missed out on share bonuses last year after the UK company performed worse than its peers in terms of shareholder returns.
The company’s annual report shows that five directors failed to qualify for awards worth up to £2.7m ($5.3m) available under BP’s long-term incentive plan for 2005-07.
The report also revealed that Mr Hayward’s basic pay was significantly less than that of Lord Browne, whom he replaced last May.
Last Updated: 1:30am GMT 05/03/2008
By Russell Hotten
BP’s top executives have missed out on share bonuses worth a potential £10.7m after the company’s dreadful performance in 2007.
Chief executive Tony Hayward failed to qualify for up to £2.3m in share options after a troubled year in which his predecessor Lord Browne resigned and BP suffered operational problems.
According to BP’s annual report: “Performance failed to meet satisfactory levels and consequently no shares will vest in the plan for 2005-07.”
March 4, 2008
Dearbail Jordan
BP’s executive directors last year took home nearly £10 million in pay and bonuses after reporting a 22 per cent profit fall despite record oil prices
Lord Browne of Madingley, who resigned as BP’s chief executive at the beginning of May after lying in court, received a total £2.7 million last year. This included a £1.5 million lump sum, equal to one year’s salary, as well as £1.2 million for four months work.
The oil group’s annual report and accounts reveal that Lord Browne was awarded a package that included £531,000 in salary, a £621,000 bonus and £85,000 for a car, a driver and office administration costs.
Julia Finch
Wednesday March 5 2008
Their audacity knows no bounds. The power companies are threatening to scale down their investments in green power projects if the government introduces a windfall tax on their high earnings. Obviously, they are not putting it that bluntly – choosing instead to demand a “stable, predictable investment climate” to deliver green funding – but the message is clear.
The two companies to fire off these warnings yesterday were British Gas and Drax. At least British Gas has a few wind turbines but Drax’s sole asset – a coal-fired power station – has rewarded its shareholders handsomely while feeding more carbon into the atmosphere than any other single plant in the country.
This is not a Shell website. That fact should be abundantly plain from the overall content of this home page and our sister Shell-focussed websites, including shellnazihistory.com. Click on the Disclaimer link at top of this page for more information. You Can Be Sure Shell does not endorse or approve of this website. There are no subscription charges nor do we solicit or accept donations. It is an entirely free to use website drawing attention to the negative side of Shell while also publishing positive news about the company. The Shell logo image with the white text used on this website, as per the above example, is in the public domain because its copyright has expired and its author is anonymous. It can be found on WIKIMEDIA COMMONS. Our shellenergy.website publishes Shell Energy customer complaints posted on Trustpilot where there is an ample supply. Use this link for Shell’s own website.
EBOOK TITLE: “SIR HENRI DETERDING AND THE NAZI HISTORY OF ROYAL DUTCH SHELL” – AVAILABLE ON AMAZON
EBOOK TITLE: “JOHN DONOVAN, SHELL’S NIGHTMARE: MY EPIC FEUD WITH THE UNSCRUPULOUS OIL GIANT ROYAL DUTCH SHELL” – AVAILABLE ON AMAZON.
EBOOK TITLE: “TOXIC FACTS ABOUT SHELL REMOVED FROM WIKIPEDIA – HOW SHELL BECAME THE MOST HATED BRAND IN THE WORLD” – AVAILABLE ON AMAZON.
Royal Dutch Shell conspired directly with Hitler, financed the Nazi Party, was anti-Semitic and sold out its own Dutch Jewish employees to the Nazis. Shell had a close relationship with the Nazis during and after the reign of Sir Henri Deterding, an ardent Nazi, and the founder and decades long leader of the Royal Dutch Shell Group. His burial ceremony, which had all the trappings of a state funeral, was held at his private estate in Mecklenburg, Germany. The spectacle (photographs below) included a funeral procession led by a horse drawn funeral hearse with senior Nazis officials and senior Royal Dutch Shell directors in attendance, Nazi salutes at the graveside, swastika banners on display and wreaths and personal tributes from Adolf Hitler and Reichsmarschall, Hermann Goring. Deterding was an honored associate and supporter of Hitler and a personal friend of Goring.
Deterding was the guest of Hitler during a four day summit meeting at Berchtesgaden. Sir Henri and Hitler both had ambitions on Russian oil fields. Only an honored personal guest would be rewarded with a private four day meeting at Hitler’s mountain top retreat.
IN JULY 2007, MR BILL CAMPBELL (ABOVE, A RETIRED GROUP AUDITOR OF SHELL INTERNATIONAL SENT AN EMAIL TO EVERY UK MP AND MEMBER OF THE HOUSE OF LORDS: 
MORE DETAILS:
MORE DETAILS: After a solicitor acting for Shell threatened to make the litigation "drawn out and difficult" with the intention of draining the resources of a financially weaker opponent, my late father (Alfred Donovan) and I decided to mount a wide-ranging campaign as a counter-measure. We jointly founded the Shell Corporate Conscience Pressure Group, which nearly 15% of Shell UK retailers joined. We regularly conducted ethical surveys involving up to 1500 Shell petrol stations. All responses were opened and authenticated by an independent solicitor who supplied Affidavits confirming the results. In whole page announcements in trade magazines (examples above) we challenged Shell to commission and publish the resuits of independent research asking the same questions and offering respondents GUARANTEED anonymity. Shell never took up the invitation. Instead it asked the UK Advertising Standards Authority to investigate our Shell surveys. No problems were found. The head-cut image of Alfred Donovan appears courtesy of The Wall Street Journal. 
See our link list of over 500 articles by the FT, Wall Street Journal, Reuters, Bloomberg, Forbes, Dow Jones Newswires, New York Times, CNBC etc, plus UK House of Commons Select Committee Hansard records, information on U.S. Securities & Exchange Commission website etc. all containing references to our Shell focussed websites, or our website founders Alfred and John Donovan. Includes TV documentary features in English and German, newspaper and magazine articles, radio interviews, newsletters etc. Plus academic papers, Stratfor intelligence reports and UK, U.S. and Australian state/parliamentary publications, also citing our Shell websites. Click on this link to see the entire list, all in date order with a link to an index of over 100 books also containing references to our websites and/or our activities.
John Donovan, the website owner
A head-cut image of Alfred Donovan (now deceased) appears courtesy of The Wall Street Journal.
