Royal Dutch Shell Group .com Rotating Header Image

Posts on ‘April 14th, 2009’

Another Royal Dutch Shell CEO tainted by scandal

By John Donovan

Soon after Sir Phillip Watts was escorted by security guards from the Shell Centre in humiliation and disgrace as a result of his leading role in the Royal Dutch Shell securities fraud, Shell directors appointed Jeroen van der Veer to replace him.

This was despite the fact that van der Veer and fellow Royal Dutch Shell Group Managing Director, Malcolm Brinded, “only narrowly avoided being sacked over their role in the oil giant’s reserves scandal.” Both had signed Form 20F Declarations submitted to the U.S. Securities & Exchange Commission containing materially false information. Both were subsequently co-defendants in a U.S. class action lawsuit settled by Shell in which Royal Dutch Shell, as part of the multi-million dollar settlement, made a range of commitments about future governance of the oil giant.  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.

Russian ecology official quits to run green group

Mitvol, deputy head of environment watchdog RosPrirodNadzor, led a 2006 attack on the Sakhalin-2 energy project that ended only after Royal Dutch Shell (RDSa.L) ceded control of the project to state-controlled gas giant Gazprom (GAZP.MM)

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.

Shell-backed plan for natural gas terminal in Long Island Sound nixed

Environmentalists hailed the decision as a victory over "the corporate Goliaths of our time."

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.

Shell reduces equities to meet recovery plan

Part of the new arrangement means the fund will now not pay indexation compensation to pensioners from 1 July, as previously stated.

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.

Well-off chiefs turn to charity

Jorma Ollila, chairman of Nokia and Royal Dutch Shell, says it can help win back respect as long as it does not look like an afterthought. "The best thing is if you don't do it after the facts but that it is an ongoing feeling," he says. "Philanthropy is one way [to regain public trust] but it needs to be part and parcel of what you do every day."

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.

Sharp divide in public opinion on bonus culture

Outrage is felt not just by the general public but by fellow business leaders. Jorma Ollila, chairman of Nokia and Royal Dutch Shell, said: "It doesn't help any of us when we have such public instances of excess and even wrongdoing."

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.

Oil chief warns US green policy will kill economy

Washington's energy and environment policy risks plunging the US into an economic tailspin that could turn it into "the world's cleanest third world country", one of the US oil industry's most successful chief executives has warned. His views contrast with those of cautious, politically and environmentally correct European oil executives Royal Dutch Shell.

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.

Shell, China Firms Eye Iraq Oil

SHANGHAI -- Royal Dutch Shell PLC is in advanced talks with China's two biggest state-owned oil companies on a possible joint bid to develop the Kirkuk oil field in northern Iraq, a person familiar with the situation said.

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.

Green Ink: Forget Peak Oil; Peak Gasoline is Already Here

THE WALL STREET JOURNAL

APRIL 13, 2009, 8:09 AM ET

By Keith Johnson

Crude oil futures fell below $51 a barrel as the market reacted to the IEA’s bearish oil-demand forecast, Bloomberg reports.

And the demand picture is indeed weak, especially in the U.S., where gasoline demand apparently peaked in 2007 and won’t return. That’s due to a cocktail of higher fuel-efficiency, shifting transportation habits, and the growing role of biofuels, in the WSJ. Speaking of which, the University of Texas boasts what could be the world’s largest collection of algae, suddenly in demand as a biofuel feedstock, also in the WSJ. 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.

Shell in talks with Chinese for Iraq oil bid -CEO

The Anglo-Dutch oil major has said it wants to expand its presence in the vast fuel retail and refining businesses in China, which are currently dominated by state-run Chinese giants who are keen to boost oil reserves overseas.

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.

Gazprom names Shell as top potential partner in Sakhalin-3

April 14, 2009

Need to know

Natural Resources

: The oil and gas group will hold its annual meeting on Thursday, when Peter Sutherland, the chairman, will face calls for his departure because of his involvement as a non-executive director of the troubled Royal Bank of Scotland.

Gazprom: The Russian gas group has named Royal Dutch Shell, the Anglo-Dutch oil and gas company, as a top “potential partner” in its new upstream Sakhalin-3 project in Russia’s Far East.

Oil and Gas UK: The leading lobby group for the North Sea oil and gas industry has called on the Chancellor to introduce tax concessions for its members or risk the loss of about 50,000 jobs and a sharp decline in investment in offshore exploration. 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.
%d bloggers like this: