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Posts on ‘June 2nd, 2009’

Shell investor anger will test patience of Job

A fortnight after Shell's defeat, it's worth asking: what is Job waiting for? If he's hoping that shareholders' anger will abate, he will be disappointed. Fund managers remember how he referred to the bonus issue as "an irritant" and they are determined to be irritating.

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 goes on the road to charm City investors after shareholder revolt

Job will also go on the road to meet critics who are demanding his resignation in the wake of the vote.

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.

BP yields to pressure and closes final salary pension scheme to new members

Royal Dutch Shell, BP’s main rival, continues to offer a final salary scheme to its UK workforce, but BP’s move is likely to prompt fresh speculation that Shell will follow its competitor’s lead.

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 breathtaking hypocrisy of Shell bosses Malcolm Brinded and Richard Wiseman

By Alfred and John Donovan

Although this story relates to events which occurred many years ago, it reveals the breathtaking hypocrisy of two people currently at the very top of Shell, Malcolm Brinded (above) and Richard Wiseman.

Brinded is number 2 at Royal Dutch Shell Plc, having just missed out in the race for the top job, won by Peter Voser. Richard Wiseman is the Chief Ethics & Compliance Officer for the oil giant.

Both have made speeches proclaiming the importance of Shell’s General Business Principles pledging honesty, integrity and transparency in all of Shell’s dealings. 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 warns oil prices could spike on low investment

Reuters

Tue Jun 2, 2009 8:09am EDT

ABU DHABI, June 2 (Reuters) – Low energy investment could lead to a future spike in oil prices, the chief executive of Royal Dutch Shell Plc (RDSa.L) said on Tuesday.

“If the oil prices stay volatile I’m afraid there will be too much slowdown in investment,” Jeroen van der Veer said at an energy conference in Abu Dhabi.

“I think too low capacity means the next price spike is to come.”

Shell has pledged to continue investing despite a decline in crude prices from peaks of almost $150 a barrel last summer. The company plans to invest $31-32 billion in projects this year, compared with $30 billion last year. 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.

Royal Dutch Shell CEO says making cost savings

Reuters

Tue Jun 2, 2009 5:18am EDT

ABU DHABI (Reuters) – Royal Dutch Shell Plc said on Tuesday it had seen costs come down in the last few months as it renegotiated with project contractors.

“As far as projects are concerned and normal operating costs, we see a lot of our renegotiations … enter with lower costs at this moment,” Chief Executive Jeroen van der Veer said on the sidelines of an industry conference in Abu Dhabi.

Big oil suppliers, including those in the oil-exporting Gulf region, have driven down project price tags by billions of dollars as they force contractors to go back to the drawing board to factor in cheaper costs. 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.

Royal Dutch Shell seeing real cost savings -CEO

Reuters

Tue Jun 2, 2009 3:31am EDT

ABU DHABI, June 2 (Reuters) – Royal Dutch Shell Plc (RDSa.L) has seen costs come down over the past few months as projects are renegotiated, the firm’s chief executive Jeroen van der Veer told reporters on Tuesday.

“As far as projects are concerned and normal operating costs, we see a lot of our renegotiations … enter with lower costs at this moment,” van der Veer said on the sidelines of an industry conference in Abu Dhabi.

“So we talk about real cost savings,” he said. 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.

LETTER TO THE PRESIDENT: TAKE A STAND ON THE NIGER DELTA OF NIGERIA

Is oil thicker than blood?

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.

Chevron Expects Gorgon Decision in ‘Coming Months’

Western Australia’s Environmental Protection Authority recommended in April the government approve the project for construction under “stringent” conditions. California-based Chevron and its venture partners, which include Exxon Mobil Corp. and Royal Dutch Shell Plc should change the location of some equipment at the site to avoid harming flatback turtles that nest on a nearby beach and do real-time monitoring on the effects of dredging to avoid destroying coral, it 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.

Carbon Plan Puts Unfair Burden on LNG, Woodside Says

Woodside, 34 percent held by Royal Dutch Shell Plc, operates and owns one-sixth of the North West Shelf Venture, Australia’s biggest LNG producer, and is building the A$12 billion ($9.7 billion) Pluto LNG project. It’s among companies proposing some 10 LNG developments in Australia and Papua New Guinea targeting a forecast gain in demand in north Asia for cleaner-burning fuel.

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: stiff resistance to oil sands exploration

Royal Dutch Shell is facing renewed opposition to its investments in Canada's oil sands from environmental groups, which believe that such exploration work can severely increase the carbon intensity of energy production. However, the adoption of alternate fuel sources is inevitable in the long-term and technological advances have the potential to address many of the environmental concerns.

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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