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Posts on ‘September 23rd, 2010’

Shell found guilty of deceit, misrepresentation and breach of contract

THE SYDNEY MORNING HERALD

Shell ‘softened’ damning environmental report to break lease

Saffron Howden Friday September 24, 2010

SHELL abandoned an old petrol station in Sydney knowing it was contaminated, then told its health risk assessors to change their report to ”soften” their findings, the Supreme Court has heard.

Yesterday Shell Australia was found to have deceived and misled the new owner of the Cabramatta land, Haissam Assafiri, and to owe him more than $1 million. In his judgment, Justice Robert McDougall said the petrochemical company did not remediate the Hume Highway site, which was a petrol station for 30 years, to the level required under its final ”demolition” lease in 2007. Instead, Shell left a concrete slab that was too ”severely deteriorated” to contain the polluted soil. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

Shell, Exxon Shift Away From Refining

Bloomberg

Shell, Exxon Shift Away From Refining, Eye Output, JPMorgan Says

By Fred Pals – Sep 23, 2010 10:12 AM GMT+0100

The world’s biggest oil companies such as Exxon Mobil Corp. and Royal Dutch Shell Plc will continue to sell refining and other non-core assets and focus on exploration and production to create more value, JPMorgan Cazenove analysts said.

“We see a continued shift upstream; downstream looks destined to become an equity value driver of diminishing relevance,” London-based JPMorgan analysts Fred Lucas and Nitin Sharma wrote in a note today. “Certain integrated names are gradually morphing into hybrid exploration and production companies.” read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com
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