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Posts on ‘October 28th, 2012’

Shell attacks ‘ridiculous’ effects of European energy policy

Royal Dutch Shell has attacked the “ridiculous” impact of European energy policy, warning that governments are erasing the environmental benefits from expensive renewables by allowing coal use to increase.

Europe is burning more coal, while demand for gas – which emits much less CO2 than coal – is declining Photo: GETTY IMAGES

Emily Gosden By : 6:03PM GMT 28 Oct 2012

Andrew Brown, one of Shell’s most senior executives, also warned that shale gas would not have the same impact in the UK as it has in the US, where is has been heralded as a new era of cheap energy.

In an interview with The Daily Telegraph, Mr Brown, Shell’s upstream international director, said the UK and Europe were “missing a trick” in their policies.

“There are a lot of subsidies going towards renewables. Gas and coal are having to compete to be taken into power generation,” 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.

OIL GIANTS BACK IN BLACK AS CRUDE RISES

By Geoff Ho: Sunday October 28,2012

OIL giant BP is expected to return to profit this week when it reports its third-quarter results thanks to the rising oil price, while arch-rival Royal Dutch Shell is also set to announce improved profits.

BP is expected to make a net profit of $4 billion (£2.5 billion) for the three months to September 30, which would return it to profitability after registering a $1.3 billion loss in the preceding quarter. The oil giant will unveil its third-quarter results on Tuesday.

City analysts expect Royal Dutch Shell to report a net profit of $7.3bn, an increase of 79.7 per cent on the second quarter, when it announces its third-quarter results on Thursday. 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 stuns City with revamp

From our October 2004 Shell News Archive

London Evening Standard: Shell stuns City with revamp

“The troubled group wants to draw a line under its devastating oil and gas reserves crisis earlier this year by creating a new £100bn holding company, Royal Dutch Shell Plc.”: “Buried deep in the results statement, Shell said it was considering yet another downgrade after a review of 8bn barrels of reserves for the year to December.”

Steve Hawkes,

28 October 2004

ANGLO-DUTCH giant Shell stunned the City today by unveiling plans to scrap its century old corporate structure and create ‘one company, one board and one chief executive.

The troubled group wants to draw a line under its devastating oil and gas reserves crisis earlier this year by creating a new £100bn holding company, Royal Dutch Shell Plc.

It will effectively take over the British and Dutch arms, which came together in a joint venture in 1907 with Royal Dutch owning 60%. The new group will be based in the Netherlands but listed in London. 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 to merge

From our October 2004 Shell News Archive

Royal Dutch/Shell to merge

Netherlands HQ ‘not a victory for the Dutch’: “Yet Shell’s governance scheme wasn’t without a few surprises, chiefly that the headquarters will be based in The Hague, Netherlands along with two of the group’s three main businesses.”

By Emily Church,

Oct. 28, 2004

LONDON (CBS.MW) — Oil major Royal Dutch Shell on Wednesday said it plans to merge its Dutch and U.K. companies, breaking close to a hundred year tradition as a dual Anglo-Dutch group.

The move was expected and follows shareholder outrage after a shock downgrade of proven oil reserves in January. Yet Shell’s governance scheme wasn’t without a few surprises, chiefly that the headquarters will be based in The Hague, Netherlands along with two of the group’s three main businesses. 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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