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Posts on ‘May 22nd, 2012’

Shell Tox

COMMENT BY A FORMER EMPLOYEE OF SHELL OIL COMPANY

John,

A short time ago you ran a series of articles on Shell’s chemical contribution to the chemical industry’s ‘war on ‘bugs’ and to a brighter future for all mankind. After Shell’s family of three ‘-drins’ was banned (because of cancer and other types of health risks) in the US in the mid-1970’s, it turned out something like 96% of all Americans had these chemicals in their bodies at that time.

Shell immediately moved production of those wonder chemicals to South America. These ‘-drin’ products of Shell have even made the ‘Dirty Dozen’ list of banned substances. 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 shareholders latest to warn on executive pay

May 22, 2012

By Alexis Flynn

(Updates with details, context, background throughout.)

LONDON (MarketWatch) — Royal Dutch Shell PLC (RDSA, RDSB.LN) shareholders showed their ire over high executive pay with 9% of investors rejecting the company’s remuneration report at Shell’s annual general meeting Tuesday.

While the overwhelming majority of Shell shareholders backed paying Chief Executive Peter Voser EUR11.7 million and former exploration director Malcolm Brinded EUR11.4 million for their 2011 performance, the number opposed rose substantially from last year, when only 2% of investors voted against the remuneration report. 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 Remains Committed To Natural Gas Strategy – CEO Voser

May 22, 2012

LONDON (Dow Jones)–Royal Dutch Shell PLC (RDSB) believes rising natural gas demand will underpin its future profits, even though oil pricing still accounts for 80% of its margins, its Chief Executive Peter Voser said Tuesday.

The oil giant, which expects to produce more natural gas than crude oil for the first time this year, has invested heavily in gas assets in the U.S. and Australia. However, U.S. gas prices have fallen to decade-lows as new production techniques have resulted in a glut of supply from shale rock sources. 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 Executive Pay Rejected By Nearly 10% Of Investors

Published May 22, 2012 Dow Jones Newswires

LONDON –  Royal Dutch Shell PLC (RDSB.LN) shareholders showed their ire over high executive pay with nearly 10% of investors rejecting the company’s remuneration report at Shell’s annual general meeting Tuesday.

Just over 90% of Shell shareholders approved the company’s pay package following an assembly in which several investors gave a withering assessment of current rates of executive remuneration.

Martin Simons, who said he has been a Shell shareholder for 50 years, bemoaned the Anglo-Dutch firm’s top managers getting a 59% pay rise at a time when dividends have remained static. Chief Executive Peter Voser’s pay package more than doubled last year, taking into account bonuses and share incentives. 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 Admits It Needs Asia-Pacific Director, More Women Board Members

LONDON (Dow Jones)–Royal Dutch Shell PLC (RDSB.LN) Chairman Jorma Ollila has said it was important for the oil giant to have a company director from the Asia-Pacific region, given the increasing significance of the region to the company’s overall business.

Ollila, addressing shareholder at Shell’s annual general meeting, also said the company needs to improve the diversity of its board of directors, acknowledging that women and people of different ethnicities were underrepresented at the helm of the Anglo-Dutch 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.

Nigeria says Shell, Chevron oil licenses renewed by June

ABUJA | Tue May 22, 2012 9:55am EDT

(Reuters) – Nigeria expects to renew onshore oil licenses with U.S. firm Chevron (CVX.N) and Royal Dutch Shell (RDSa.L) by June, its oil minister said on Tuesday, following Exxon Mobil’s (XOM.N) renewal in February worth trillions of dollars.

Shell, the biggest operator in Nigeria, has onshore assets that can produce 1 million barrels of crude oil per day. It is partnered in these projects by Nigeria’s state-oil firm NNPC, Italy’s Eni (ENI.MI) and France’s Total (TOTF.PA). 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 set for wait to secure $2 bln Cove bid

Tue May 22, 2012 11:53am EDT

* Some investors see Shell extending period for offer

* Shares currently trading above 220 pence offer price

* Risk arbitrage hedge funds own 70 pct of Cove shares

By Tom Bergin

LONDON, May 22 (Reuters) – Royal Dutch Shell is likely to have to wait to secure its $2 billion takeover of Cove Energy as shareholders in the Mozambique-focused target company look for potential counter-bidder Thailand’s PTT to show its hand.

Some Cove investors said on Tuesday they expected Shell to extend the tender period for its 220 pence a share offer, as they said they would not offer their shares ahead of the 1200 GMT, May 23 deadline Shell has set for acceptances. 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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