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Posts on ‘June 8th, 2009’

Shell’s blood money settles the Wiwa case

By John Donovan

As forecast on June 3 in my article “Shell settlement in the Wiwa v. Shell U.S. trial imminent?“, Shell has indeed chosen “to solve the problem with hard cash rather then allowing the dirtiest of dirty laundry to be aired in court”. $15.5 million to be precise. 

My analysis and forecast was based partly on inside information and partly on our own unique experience in dealing with Shell lawyers and Shell senior management, including Malcolm Brinded, in an unparalleled series of seven court actions, all of which Shell chose to settle.  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 settles human rights suit for $15.5M

washingtonpost.com

Shell settles human rights suit for $15.5M

FILE - In this May 27, 2009 file photo, members of Nigeria's Ogoni community and their supporters rally to raise awareness of the trial of Royal Dutch Shell, in New York. Royal Dutch Shell settled a lawsuit Wednesday, June 3, that accused the oil giant of playing a role in the executions of activist Ken Saro-Wiwa and other civilians by Nigeria's former military regime. (AP Photo/Bebeto Matthews, File) FILE – In this May 27, 2009 file photo, members of Nigeria’s Ogoni community and their supporters rally to raise awareness of the trial of Royal Dutch Shell, in New York. Royal Dutch Shell settled a lawsuit Wednesday, June 3, that accused the oil giant of playing a role in the executions of activist Ken Saro-Wiwa and other civilians by Nigeria’s former military regime. (AP Photo/Bebeto Matthews, File) (Bebeto Matthews – AP) By CHRIS KAHN

The Associated Press 
Monday, June 8, 2009; 5:19 PM
 

NEW YORK — Royal Dutch Shell agreed to a $15.5 million settlement Monday to end a lawsuit alleging that the oil giant was complicit in the executions of activist Ken Saro-Wiwa and other civilians by Nigeria’s former military regime.

Shell, which continues to operate in Nigeria, said it agreed to settle the lawsuit in hopes aiding the “process of reconciliation.” But Europe’s largest oil company acknowledged no wrongdoing in the 1995 hanging deaths of six people, including poet Ken Saro-Wiwa. 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 settles human rights suit for $15.5M

Townhall.com

Monday, June 08, 2009 By CHRIS KAHN

Royal Dutch Shell agreed to a $15.5 million settlement Monday to end a lawsuit alleging that the oil giant was complicit in the executions of activist Ken Saro-Wiwa and other civilians by Nigeria’s former military regime.

Shell, which continues to operate in Nigeria, said it agreed to settle the lawsuit in hopes aiding the “process of reconciliation.” But Europe’s largest oil company acknowledged no wrongdoing in the 1995 hanging deaths of six people, including poet Ken Saro-Wiwa. 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.

Settlement in Wiwa vs. Shell Case to be announced

By John Donovan

According to an insider source, a settlement in the Wiwa vs. Shell trial is aboout to be announced in New York..

This information has been verified.

This is in line with our article published on 3 June…

Shell settlement in the Wiwa v. Shell US trial imminent?

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.

9 days after we broke the news, Shell confirms elimination of 350 to 450 management positions

New Orleans CityBusiness

Shell: No plans to cut N.O. jobs, leadership

The reshuffling of leadership within Shell that will eliminate 350 to 450 management positions and thousands of rank-and-file jobs won’t affect its New Orleans office, a company spokesman says.

The shakeup comes after the surprise resignation of CEO Linda Cook earlier this year. Incoming Chief Executive Peter Voser announced Wednesday that up to a third of the company’s senior management is vulnerable to job cuts along with a significant portion of the Dutch-English company’s 24,000-person staff. 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.

Safety last at Shell Centre

By John Donovan

As is plain from the Wikipedia article Royal Dutch Shell safety concerns, Shell has an appallingly bad track record in relation to protecting the safety of its employees. Shell’s notorious “Touch F*** All” safety culture resulted in the deaths of Shell offshore employees in an explosion on the Brent Bravo North Sea platform, and a huge fine imposed on Shell by the Scottish courts. 

Bill Campbell, the former Health and Safety Group Auditor of Shell International has campaigned against what he considers to be criminal negligence by Shell management in putting profits before safety. He has written to every UK Member of Parliament 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 says more global refining capacity than needed

Reuters

Mon Jun 8, 2009 2:23am EDT By Jennifer Tan

KUALA LUMPUR (Reuters) – Royal Dutch Shell (RDSa.L) CEO Jeroen van der Veer said on Monday that looking at current poor margins, the world has more oil refining capacity than needed.

But van der Veer said he is seeing early signs that Western gasoline and diesel markets are steadying after a slump late last year, adding that the next oil price spike may already be in the works due to the long lead time for investments to boost output.

“It’s a real cyclical industry. If you look at margins there’s more refining capacity than one needs,” he told reporters at a conference in the Malaysian capital. 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 To Wait For Right Econ To Move On Oil Sands-CEO

THE WALL STREET JOURNAL

JUNE 8, 2009, 2:54 A.M. ET

By Florence Tan

of DOW JONES NEWSWWIRES

KUALA LUMPUR (Dow Jones)–Royal Dutch Shell PLC (RDSB.LN) will wait until the economics are right before advancing its oil sands projects, its outgoing chief executive said Monday.

“If I feel that by waiting, costs will be lower, I prefer to wait,” Chief Executive Jeroen van der Veer said in response to a question from Dow Jones Newswires. “Because oil sands are projects built for decades. Over time, I am convinced, the Canadians will have more capacity to build projects.” 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.

Good interest seen in Shell assets

Stuff.co.nz

BusinessDay

Last updated 12:08 08/06/2009
photo Fairfax Media Shell Oil

Private equity funds are expected to take a healthy interest in Shell’s New Zealand asset sell up, The Australian Financial Review reported.

Shell has put its so-called downstream businesses on the block which include 230 petrol stations, aviation and marine fuel, bitumen, chemical, supply and distribution businesses plus a 17 per cent stake in New Zealand Refining and a quarter stake of FlyBuys operator, Loyalty New Zealand.

The AFR reported that Shell’s adviser UBS was putting a financing package together for bidders, which would provide clarity about the terms on which a lending syndicate was willing to roll over debt. 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.

Crude Oil Falls a Second Day as Dollar Trades Near Month-High

Bloomberg.com

By Gavin Evans

June 8 (Bloomberg) — Crude oil fell for a second day as the dollar traded near the strongest in a month against the yen, reducing the investment appeal of commodities.

Oil declined as the U.S. currency gained the most versus the yen in more than three months on June 5. The relative strength index for crude rose to 68.81 last week from 51.12 at the end of April, indicating prices may be poised to fall.

“The dollar’s rally has pretty significant implications or consequences for the commodity sector overall,” said Toby Hassall, research analyst at Commodity Warrants Australia Pty in Sydney. Inventories remain high and “it’s not surprising to see oil off a little today,” 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.
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