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Posts on ‘February 6th, 2012’

Shell CEO Peter Voser €6.75 million salary plus €3.5 million bonus

I doubt that Mr. Voser will emulate Network Rail bosses in the face of a widespread public backlash against Fat Cat bonuses and waive his Fat Cat bonus, as they have, to improve safety? Fat chance.

By John Donovan

According to a report filed on Monday with the U.S. Securities & Exchange Commission, Peter Voser, the Swiss Chief Executive of Royal Dutch Shell Plc received €6.75 million in salary for 2011 plus a bonus of €3.5 million, a combined total of over €10 million.

Voser wants half of his bonus (€1.75 million) paid in shares. The full details of the bonuses at the top of Shell will not be known until publication of the annual report of the company.

Peter Voser was in 2010 the highest paid director of any Dutch listed company. 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 raises alarm over oil theft

FEBRUARY 6, 2012

LAGOS (AFP) – Shell raised the alarm on Monday over repeated damage to a key pipeline in southern Nigeria by what it said were thieves seeking to siphon off crude for sale on the lucrative black market.

The Anglo-Dutch oil giant said the Nembe Creek Trunkline had been hit by an increased number of attacks by thieves “barely 16 months after the old line was replaced due to repeated sabotage attacks.”

While highly organised crude theft — locally called “bunkering” — has long been a major problem in Nigeria, Africa’s largest oil producer, authorities have warned that the practice has been on the rise. 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, UOP Among Companies Put on Blacklist by Iran, Mehr Says

By Ladane Nasseri – Feb 6, 2012 4:10 PM GMT

Iranian Oil Minister Rostam Qasemi has ordered five European companies, including Royal Dutch Shell Plc, to be put on a blacklist for failing to meet their commitments in the nation’s refinery projects, Mehr reported.

Shell and UOP LLC, a unit of U.S.-based Honeywell International Inc., were among the companies named in the report published today by the state-run news agency.

Qasemi “ordered the National Iranian Oil Products Refining and Distribution Co. to halt foreign purchases of license in the country’s refinery projects at a time of increasing sanctions and lack of commitment of foreign companies,” according to the news agency. 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, Cosan’s Sugar Venture Will Expand Output 9% in New Season

FEBRUARY 06, 2012

By Isis Almeida

Feb. 6 (Bloomberg) — Raizen, a joint venture of Royal Dutch Shell Plc and Cosan Industria & Comercio SA in Brazil, will process 9 percent more sugar cane in the season starting in April than a year earlier, commercial director Ivan Melo said.

Raizen’s cane processing in the 2012-13 season will be 57.6 million metric tons, with sugar output up about 15 percent to 4.3 million tons and ethanol supply about 10 percent higher at 2.4 billion liters (634 million gallons), Melo said in an interview at the Kingsman conference in Dubai today. Sweetener content will also rise, 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.

Royal Dutch Shell downgraded

Extract from “Today’s Top Equity Ratings Changes”

By Andrea Tryphonides

Another week begins and we are here to guide you through the top rating changes in Europe Monday:

• Firstly Credit Suisse has downgraded Royal Dutch Shell to neutral from outperform following the company’s fourth quarter results released on Feb. 2. The brokerage highlights lower 2012-15 free cash flow estimates, cut by 22% due to higher capital expenditure. Also, it sees little potential for Shell to re-rate on multiples given sector-average free cash and dividend growth in the medium term. 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.

OGONI HUMAN RIGHTS WATCH BUREAU INAUGURATED

Human Rights Watch Bureau Director – Chief Superintendent of Police, Chief Yaesu Neebee.

As part of a broader civil society mechanism to protect and defend every Ogoni person – child, man and woman against doctrines, policies and practices that infringe human rights and fundamental freedoms in Nigeria, MOSOP President/Spokesman, Dr. Goodluck Diigbo today February 3, 2012 inaugurated the Ogoni Human Rights Watch Bureau in Bori, Ogoni.

Headed by a retired Chief Superintendent of the Nigeria Police Force, Chief Yaesu Neebee as Bureau Director, and assisted by a retired Assistant Superintendent of Nigeria Police, ASP Lucky Nuataa, the body collaborating with two law firms in Nigeria, is to independently document human rights situation at the village or city level in a fair, impartial and competent manner. 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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