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Posts on ‘July 30th, 2011’

Can BP’s investors give oil giant the time to learn from Shell’s mistakes?

Results clouded by rivals and identity crisis! Titanic court battle looms for oil company! Executives may face charges!

By Rowena Mason: 9:33PM BST 30 Jul 2011

If those headlines were meant for readers in 2011, the subject could be only one sorry corporate story: BP and its $40bn (£24bn) Gulf of Mexico oil disaster.

However, the real answer lies six years earlier in another just as painful oil scandal that hit BP’s nearest rival, Royal Dutch Shell. This was the heated reaction to news that Shell had over-stated its oil reserves by a third in the years leading to 2004.

Downgrade after downgrade kept hitting the company’s share price until matters came to a head over an email from Shell’s head of exploration to the chief executive. 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.

Sunday 31st July is the last day of Shell’s ownership of Stanlow Refinery

EMAIL RECEIVED BY JOHN DONOVAN

John,

After 82 years Sunday 31st July is the last day of Shell’s ownership of Stanlow.

Can I thank you for all the help, and publicity, you have given us over the last few years. We are looking forward to becoming part of Essar and are not sorry to see Shell go.

Keep up the good work.

Regards

ENDS

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.

Regulators Seek Records on Claims for Gas Wells

By

A version of this article appeared in print on July 30, 2011, on page A13 of the New York edition.

WASHINGTON — The Securities and Exchange Commission sent subpoenas this week to energy companies asking them for documents about how they calculate and publicly disclose the performance of their shale gas wells, according to oil and gas industry lawyers.

The subpoenas reflect the regulators’ interest in determining whether companies are overstating how their gas wells perform and how much gas these companies can profitably extract over the long term.

It is not clear how many subpoenas were sent. John Nester, a spokesman for the commission, declined to comment. 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.

Tax grab casts doubt on Shell’s North Sea field plan

By Ross Davidson and Elaine Maslin

Published: 30/07/2011

THE UK Government’s £10billion tax raid on North Sea operators has cast doubt on the future of another significant discovery.

Oil and gas giant Royal Dutch Shell said yesterday it would not develop the Fram field, which holds hundreds of millions of barrels of oil, until it had assessed the full extent of the tax impact.

The firm said it had submitted a field-development plan to the Department of Energy and Climate Change, but the tax rise had made even that decision more difficult. 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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