Royal Dutch Shell Group .com

JUNE 2004 SHELL NEWS

Tuesday 1 June, 2004

Business Times Singapore: Ousted Shell chief gets generous pay and option deal Package worth 5.8m, excluding severance deal, says annual report

Daily Telegraph: Highest paid chief executives

The Wall Street Journal: Shell's Ex-Chairman Got Pay Raise in 2003

The Guardian: Saudi siege fallout threatens oil prices

CNW Telbec (Communiqués de presse): Linda Cook, CEO Of Shell Canada To Receive 2004 'Yes She Can' Award

Wednesday 2 June, 2004

The Boston Herald: Appeals court reinstates gas price-fixing lawsuit against Shell, ChevronTexaco: "SAN FRANCISCO - A federal appeals court on Tuesday reinstated a lawsuit accusing ChevronTexaco Corp. and Shell Oil Co. of operating a price-fixing conspiracy" (ShellNews.net) 2 June 04

DallasNews.com: ChevronTexaco, Shell face price fixing case

Local10.com: Tainted Gas Leads To Class-Action Suit: Federal Lawsuit Filed Against Shell Oil

The Wall Street Journal: Shell Expects New Sakhalin LNG Sales To Japan By Year End

The Wall Street Journal: US Court Reinstates Shell, ChevronTexaco Price Fixing Suit

The Wall Street Journal: Florida Drivers Sue Shell Over High-sulfur Gasoline

The Wall Street Journal: Rival Nigerian Militants Pledge Peace In Niger Delta

The Wall Street Journal: Shell Australia

The Guardian: Shaken expatriates rethink Saudi future

Los Angeles Times: Chevron, Shell to Face Antitrust Trial

Thursday 3 June, 2004

Palm Beach Post: Shell, Texaco pump again as bad gas replaced

Wichita Business Journal: Kansas joins in lawsuit against oil company

The Guardian: Q&A: Oil

Daily Telegraph: Transport doesn't come much greener than that

The Wall Street Journal: East Timor Dispute Could Hurt Sunrise Gas Plan

Herald Sun News Au: Shell vows to stay on

Daily Telegraph: Oil majors reining in exploration says Expro

The Wall Street Journal: Senator Wyden Maintains Hold On FTC Nominee Over Gas Prices

Friday 4 June, 2004

The Boston Channel.com: Drivers Suing Shell, Texaco, Refinery Over Bad Gas

Geelonginfo.com: Dip in Shell profit

Toronto Star: Shell shells out for tainted gas: Canadians denied help for problem

Sun-Sentinel.com: Attorneys contest gas-gauge Shell 'restrictions'

The Wall Street Journal: Labor Vows Calmer Waters In Timor Sea Talks

The Age.com.au: Woolworths under the pump

Saturday 5 June, 2004

Globe&Mail.com: Influence doesn't require power, Shell CEO says

Financial Times: Shell sells Egyptian gas holding

TheAge.com.au: Shell to pay $75,000 over oil spills

The Independent: “Even those clowns at Shell”

The Wall Street Journal: Shell Sells Rosetta Concession Stake In Egypt To Kuwait Foreign Petroleum Exploration Company

The Guardian: Slow starters

BruneiDirect.Com: Special Children Get $14,000 Donation From Brunei Shell

Oil & Gas Journal: Shell, PPM Energy dedicate Colorado Green Wind Power project

Sunday 6 June, 2004 - D Day

The Observer: Whose eyes are on Cairn Energy?

The Observer: West looks to Russia for a crisis solution

Miami Herald Tribune: Station owners facing losses in sales

The Sunday Telegraph: Why liquified natural gas could spell an end to the Age of Oil

Mail on Sunday: Chairman Jeroen van der Veer in frame over Shell scandal – could lead to 20 years in jail

Monday 7 June, 2004

The Wall Street Journal: Woodside Picks Up Momentum As It Prepares to Tap New Fields

pandct.com: Shell and Kuwait Foreign Petroleum Exploration Company announce agreement on Rosetta concession

The Wall Street Journal: UPDATE: East Timor Seeks "Creative" Deal On Timor Gas

Forbes.com: Shell to Keep Oil & Gas Platform Closed

Tuesday 8 June, 2004

The Guardian: Quest for energy is race against time: "I could not believe that the oil companies would stoop to inflating their reserves. I was wrong"

The Independent: Fatter rewards for directors but thin returns for investors: "Sir Philip is now the subject of multiple investors' lawsuits".

The Independent: Company chiefs' pay rises by 20%

Daily Telegraph: City comment: “the invisible man from Shell”

The Times: Need to Know: Global Business Briefing

The Wall Street Journal: Shell To Exit Brazil's Fuel Distribution Market - Report

The Wall Street Journal: Norway Offers Licenses On Shelf In 18th Round

The Guardian: Break out the bicycles

The Miami Herald: Miami drivers sue Shell, refiner over high-sulfur gas: "will seek more than $100 million in damages from Shell"

Business-Standard.com: Shell to shift IT jobs to India, Malaysia

Wednesday 9 June, 2004

Financial Times: Deep well of troubles in Nigeria  

The Wall Street Journal: Miami Drivers Sue Shell, Refiner Over High-Sulfur Gas

nbc6.net: Another Class-Action Lawsuit Filed Against Shell Over Tainted Gas; “Another day, another lawsuit for Shell Oil”

Thursday 10 June, 2004

The Philippine Star: Police say Shell was real target

nbc6.net: “lawsuit seeks up to $100 million for up to one million drivers”.

ABS-CBNNEWS.com: Shell may miss profit target on soaring costs

FEATURE: SHELL WHISTLEBLOWER No 2: Shell Geologist/insider Dr John Huong, fires a broadside at Royal Dutch Shell

ThisIsLondon.co.uk: US humiliation for oil giant Shell

The Guardian: Calpers demands review at Shell

Los Angeles Times: CalPERS Puts Shell, Disney on Focus List

cnn.com: Royal Dutch/Shell on list for poor financial and corporate governance.

Daily Telegraph: Shell call

The Times: Merrill's BP downgrade puts a brake on FTSE

CityWire.co.uk: Broker Roundup: Teathers upgrades Shell

The Wall Street Journal: Nigeria Oil Union Claims Strike Halts Oil Output

Bloomberg.com: Shell `Feeds' Nigeria "violence", May End Onshore Work

Reuters.co.uk: Shell says it unwittingly fed conflict in Nigeria

Friday 11 June, 2004

Financial Times: Violence 'may force Shell to quit Nigeria'

The Scotsman: Shell Pledges Future to Conflict-Torn Nigeria

Financial Times: Good to be good

The Guardian: Shell 'may have to leave Nigeria'

Daily Telegraph: Shell advised to retreat from Nigeria

Daily Telegraph: Memos expose Shell's years of lying

The Times: Shell ‘may have to abandon Nigeria’

Daily Mail: Shell crisis over Nigeria violence

The Independent: Bribery and corruption put fresh dent in tarnished image of Shell

CNN.com: Shell admits blame in Nigeria: "Royal Dutch/Shell has taken responsibility for contributing to the fighting and corruption in oil-rich Nigeria".

Local10.com: Gas Company Apologizes; Service Centers To Make Repairs

Saturday 12 June, 2004

Investors.com: $20 million Settlement Announced in Class Action with Shell

aljazeera.net: Shell rejects 'quitting Nigeria' rumours

Daily Telegraph: Wall Street Life: Take an oil price over $40 - then quadruple it

Daily Telegraph: The week that was: “Shell is in full damage limitation mode again”

The Guardian: Beyond the bottom line

The Times: Shell's gas burn-off targets in doubt: “SHELL was last night facing a fresh assault from environmentalists”

The Times: BG's oil asset sale faces new threat

Financial Times: Shell holds meeting with UK investors

BBC News: Shell admits fuelling corruption

The Scotsman: Shell admits it may have had role in violence

The Wall Street Journal: Kazakh Govt Aims For BG's Stake In Kashagan

The Wall Street Journal: Halliburton Says SEC Probing Nigerian Venture

The New York Times: An Oil Enigma: Production Falls Even as Reserves Rise

Sunday 13 June, 2004

The Observer: Revealed: How Shell's desperate thirst for oil is devastating Nigeria

The Observer: Can they be sure of Shell?

The Sunday Telegraph: Shell faces rough ride from investors

The Times-Picayune: A BAD CASE OF GAS: "tainted fuel has been reported in at least four other states and in Canada".

Reuters: “Leaked” Report says Shell actions feed Nigeria violence: “corporate behaviour of Royal Dutch/Shell in Nigeria feeds a vicious cycle of violence and corruption”

Monday 14 June, 2004

Financial Times: Shell investors threaten to revolt

Financial Times: Investors 'to embarrass' Shell board

Financial Times: “Royal Dutch/Shell faces a ‘high intensity conflict’ in Nigeria's Niger Delta as severe as those in Chechnya and Colombia”

The Wall Street Journal: Nigerian Troops Raid Oil Delta Village; 6 Killed

Winnipeg Sun: Balmoral to fete Shell CEO Cook

Solar Access.com: Shell Solar to bring electricity to more remote Chinese villages

Daily Mail: Shell aims to quell rebellion: "The National Association of Pension Funds... is preparing to publish its report into the scandal-hit oil giant this week"

Shanghai Daily news: Shanghai Mayor Han Zheng meets with Malcolm Brinded, Vice Chairman Royal Dutch/Shell Group

Tuesday 15 June, 2004

Radio Netherlands: Oil and Ethics

The Wall Street Journal: BP Defends Method Of Estimating Oil, Gas Reserves

Financial Times: Investors press Shell to name executives under review

Financial Times: Dialogue of the deaf

Financial Times: LEADER: Delta blues

Financial Times: The pension fund finger can point both ways

The Guardian: Shell tries to win friends as it owns up to mistakes

Daily Telegraph: Isis heads for showdown at Shell meeting

London Evening Standard: Speed up reform, Shell warned

Wednesday 16 June, 2004

AllAfrica.com: Shell's Oily Troubles: "most Nigerians are not swayed by Shell's new desperate public relations stunt"

Financial Times: Observer: Shell hole

Financial Times: Where to hold 'em

Daily Telegraph: There's enough oil left to last for 40 years, says BP

The Times: Funds fail to question the wisdom of Shell's rhubarb cola

The Guardian: Chop and change

The Wall Street Journal: US Post Office To Test Fuel Cell Vehicle

The Wall Street Journal: Shell To Invest $100M In Venezuela In 2004

Times-Picayune: Company can't say which locations sold the tainted gasoline

BBC News: Shell review slammed over secrecy

The New York Times: In Mexico, Anger Over Gas Terminals

Corporate Governance NETwork!: Shell Governance Questioned

The Guardian: Big investors go public with Shell demands

London Evening Standard: US rebels warn Shell of challenge

LETTER PUBLISHED BY FT: Nothing less than fundamental governance changes will satisfy Shell Group shareholders

The Times: Shell under fire from US investors

Bloomberg.com:  Shell to Provide Details `Soon' on Governance Review (Update1)

Daily Mail: Reserves row spotlight on oil giants

Daily Mail: Speed up reform, Shell warned: Shell gets a rocket

Thursday 17 June, 2004

The Times: Shell will respond to worries over transparency

The Times: Tough Shell needs to be prised open

Financial Times: Shell bows to investor demands

The Times: Need to Know: Global Business Briefing

Daily Telegraph: They're trying to prise Shell open but its likely to simply clam up

Daily Telegraph: Investor pressure gets some answers from Shell

The Independent: Greater efficiency, not a new wonder fuel, is the answer to higher oil prices

The Guardian: Oil chief: my fears for planet: Shell boss's 'confession' shocks industry

The Guardian: 'I'm really very worried for the planet': Ron Oxburgh is chipping away at the fossilised thinking that cost Shell its reputation.

The Guardian: Downstream do: “worry that Shell is in denial"

Bloomberg.com: Shell Considers Unifying Board to Improve Governance (Update1)

Reuters: Shell unveils corporate governance review plans

NUOS INT’L: Shell threatens the followers of Ken Saro-Wiwa with secret agents and subpoena

London Evening Standard: Shell forced to lift lid on shake-up

LETTER FROM BUCKINGHAM PALACE ON BEHALF HER MAJESTY QUEEN ELIZABETH II, 14 JUNE 2004

The Guardian: Shareholders prise Shell open

Washington Times: Shell to abandon priority shares

Scotsman.com: Shell considers unified board to win confidence

Bloomberg.com: Shell Oil Must Pay $153.6 Mln Award to Union Carbide (Update1)

NewRatings.com: Shell “sell”

CBS MarketWatch.com: Royal Dutch/Shell mulls single board: Gives details of review after shareholder pressure

Houston Chronicle: Royal Dutch, Shell look at full merger

The Times: Double Dutch: Once again, Shell has managed to strike negative publicity where it was thought that none could be found

Friday 18 June, 2004

Financial Times: How Shell changed its culture and lost its way

Financial Times: Planning strengths weakened by mistakes

Financial Times: Priority shares held Shell in an iron grip

Financial Times: Shell far too big a bite for predators

FT.com site: Lex: Royal Dutch/Shell

FT.com site: Hostility to oil giant abates

The Times: Shell ponders merger of its companies

The Guardian: Shell to scrap its takeover defences

Daily Telegraph: Shell plans to overhaul dual board structure

Daily Telegraph: Getting specific

The Independent: Shell hints at abolishing its dual board

Yahoo.com: Shell Delivers First Gas From Malaysia's Serai Project

channelnewsasia.com: Shell confirms oil spill in south-eastern Nigeria state

Daily Express (Malaysia): Shell’s assurance on environmental care

Saturday 19 June, 2004

The Guardian: Are we ready for when the oil runs out?

The New York Times: Shell Weighs Modifying Dual Setup

allAfrica.com: Community Demands $750m Compensation From Shell

The Wall Street Journal: Shell Weighs End Of Dual Boards As Pressure Rises

Sunday 20 June, 2004

Sunday Telegraph: Shell coming to the end of going Dutch

Sunday Telegraph: Shell bosses 'must remain liable for recent blunders'

The Observer: Shell chiefs face vote of confidence: US shareholder activist wants to punish directors

The Observer: Trial of two cities: London or the Hague?

The Observer: Top bosses see pension values soar

The Independent: Why so shy, Shell?

Monday 21 June, 2004

Financial Times: The insidious charms of Shell's dual votes: But just one factor in the foul up

Los Angeles Times: Shell to Cut Summer Output at Bakersfield Refinery, Leaked Papers Say

Reuters.co.uk: Shell shareholders prepare to make AGM waves

Business Report: The corporate pressure of performance

Yahoo.com: Nippon Oil Starts Commercial Gas Production In Malaysia

The Wall Street Journal: Abu Dhabi Picks ExxonMobil As Partner In Zakum Field

TimesOnline: Investors set for Shell showdown

TimesOnLine: Shareholders force change on Shell

ThisIsMoney.com: Cairn Energy

Tuesday 22 June, 2004

USNewsWires.com: Regulators Given Internal Shell Documents: "provide incontrovertible evidence the company has once again misled California…”

The Times: The lost Arabic school for scandal: “the spy school”

Financial Times: A healthy new business is born

SARAWAK SHELL BERHAD/SABAH SHELL PETROLEUM COMPANY'S INTERNAL MANAGEMENT EXCHANGE LEAKED BY AN EMPLOYEE DISGUSTED WITH SHELL

Sacramento Bee: Reports of cutbacks in summertime gas false, Shell Oil says

Canada.com: Shell workers in Nigeria walk off job in 'warning strike' to avert job cuts

Wednesday 23 June, 2004

The Independent: Cairn director buys £624,000 of company shares

Daily Telegraph: It's a space issue

The Times: SWISS BROKER UBS MOVES SHELL TRANSPORT FROM “BUY” TO “NEUTRAL”

The Wall Street Journal: THE YOUNG AND THE OLD:

Financial Times: SEC leans to voluntary code on oil reserves    

Friends of the Earth: Behind the Shine - the Real Impacts of Shell's Work Around the World

The Scotsman: Oil Giant Accused of Environmental 'Abuse'

BBC News: Polluting Nigeria

The Guardian: FoE says Shell fails own green pledge
 
TheAdvocate.com: Woman sues Shell Oil, refinery for damage caused by gasoline

SantaMariaTimes.com: Keeping gas prices up there: "state and federal agencies are looking into Shell's reasons for closing the Bakersfield plant"

Itar-Tass.com: Anglo-Dutch oil giant Shell considers inviting Gazprom into Sakhalin- 2 project

Thursday 24 June, 2004

The Guardian: Flare-up over Shell's 'double standards': "Shell... had exaggerated its social and environmental performance in the same way as it had overstated its oil and gas reserves"

The Guardian: Finding the right focus

Bloomberg.com: ABB's Peter Voser to Be Shell Chief Financial Officer

jacksonville.bizjournals.com: Shell stations support fallen heroes fund

Daily Telegraph: Gazprom wooed

The Times: Need to Know

The Wall Street Journal: Shell Transport Names Peter Voser Finance Director

The Wall Street Journal: ABB's Voser To Become CFO Of Royal Dutch/Shell: "Before his ABB assignment, he had a 20-year career with Shell"

SHELL PRESS STATEMENT: Announcement of appointment of new CFO

ROYAL DUTCH SHELL GROUP: The Shell Report 2003

BBC News: Shell appoints new finance chief: "a Shell veteran"

Financial Times: Shell appoints ABB executive as new CFO

ThisIsLondon: Friends of the Earth target Shell

The New York Times: Shell Appoints Voser to Finance Post

The Guardian: Shell appoints new finance director

CityWire.co.uk: Shell shines, Hanson humbled 

Friday 25 June, 2004

London Evening Standard: Shell 'has lied for 10 years'

Reuters: Watchdog lawyer sues Shell over reserves

The Wall Street Journal: Eni Drops Bid For Shell 's Iberian Gas Stations - Source

The Wall Street Journal: GSPC May Buy LNG From Shell 's Project In W India-Official

Financial Times: Shell urged to bring investors into review

Financial Times: Voser returns to Shell to do the impossible

Financial Times: Coming home

Financial Times: Head-butts have a place in struggle for reform

Financial Times: Voser goes

The Guardian: Shell veteran returns to fold: "There's already a firework attached to this dinosaur's tail”

The Independent: Shell hires new finance director after reserves scandal

The Independent: Shell appointment

Daily Telegraph: Market welcomes return of Shell boss

The Times: Shell hires veteran as new chief of finance

London Evening Standard: SHAMED “Shell chairman Sir Philip Watts has secured a pay-off worth more than £1m in cash plus stock options potentially worth £6m more

ABC.News.com: Shell Pays Former Chairman Philip Watts Nearly $2 Million in Lump Sum Severance Payment

BBC News: Ex-Shell chief gets £1m pay-off

Financial Times: Shell to give Watts £1m pay-out

Reuters.com: Shell says Watts pay-off does not rule out legal action

expatica.com: Spanish oil giant reaches deal with Shell

Saturday 26 June, 2004

ChannelNewsAsia: Shell hit by new lawsuit in US over reserves scandal:  “fresh lawsuit names 27 directors and officers of Royal Dutch/Shell, and also their accounting and audit firms, PricewaterhouseCoopers International and KPMG International”

Financial Times: Pension funds file suit on behalf of Shell

NewsDay.com: Shell pays former executive nearly $2 million in severance: PLUS "lawsuit... suggests the defendants forfeit salaries, bonuses, stock awards, profits and special benefits for violating their fiduciary duties"

Financial Times: Shell in more controversy with Watts pay-off

The Guardian: Shell's £1m goodbye for ousted Watts

The Guardian: Sowing seeds for success

The Guardian: What happened next?

The Independent: Turn your big idea into a money-making business

The Independent: Investor fury over £1m pay-off for Shell chief

Daily Telegraph: Sacked Shell boss walks away with £1m: “despite his role in the oil giant's reserves debacle”

The Times: 'Some fear that Shell is not going to undergo the drastic shake-up that it is clear is required'

The Times: Former Shell chief awarded £1m payoff

Houston Chronicle: Shell pays $2 million to Watts: Reserves report forced departure of ex-chairman

The Wall Street Journal: Shell Holders Suit Meant To Correct Governance

The Wall Street Journal: Shell Ex-Chairman Receives $2 Million Severance Payment: "Reserves are an oil company's most valuable asset"

The New York Times: Ousted Chairman of Shell Got $1.93 Million Package: "severance payment was a clear sign that shareholder rights were still too weak"

LETTER TO WILLIAM LERACH, US CLASS ACTION LAWYER: INCONTROVERTIBLE DOCUMENTARY EVIDENCE OF SHELL DELIBERATELY HIDING INFORMATION FROM ITS SHAREHOLDERS FROM 1994 ONWARDS

Sunday 27 June, 2004

The Independent: Shareholders to strike new blow against Shell directors: "Up to a quarter of Shell's shareholders will deliver a crushing vote of no confidence in the Anglo-Dutch oil giant's management tomorrow"

Economic Times: Watchdog lawyer sues Shell, execs over reserves: “about 20 suits have been filed seeking reimbursement for losses suffered in the stock market”

The Observer: Shell shock

The Observer: A pearl in Shell?

The Observer: Ethical funds dump Shell shares: “blue-chip City institutions have confirmed that they have ditched all their Shell shares”

The Sunday Telegraph: Shell heads for shareholder defeat on director responsibility

Sunday Times: Shell told to hurry up on transparency

Mail on Sunday: Shell board braced for revolt: “could see nine directors, including Chairman Jeroen van der Veer, kicked off the Dutch half of the board at the embattled oil giant”

ChannelNewsAsia.com: Embattled Shell braces for shareholder showdown: “officers and directors of these interconnected companies have hidden behind an opaque and complicated corporate structure to falsify proved oil and gas reserves for nearly 10 years”

Taipei Times: Former chairman of Royal/Dutch Shell gets giant payout: "after an accounting scandal"

Monday 28 June, 2004

The Times: Shell faces investor revolt over chairman's £1m payoff

The Scotsman: Shell faces twin-pronged attack: "two leading fund managers representing blue-chip City institutions confirmed that they have ditched all their Shell shares"

Financial Times: Lively meetings: “Even big institutions are proposing to turn up to vent their anger at Shell's perceived arrogance and sorry governance”

Daily Telegraph: Shell can be sure of strife: "green" investment funds managed by Morley Asset Management and Investec Henderson Crossthwaite have sold shares in Shell”

Christian Science Monitor: What severance does the chief deserve when his board calls for "a change of leadership due to a loss of confidence?"

The Times: Mountain to climb: In Peter Voser, is Shell right to hire the finance director of a company which two weeks ago detailed "accounting irregularities and other improper business practices"?

The West Australian: Anger at Shell's slow review pace

North County Times: Shell accused of shorting gas supply

San Francisco Chronicle: Thirty Royal Dutch/Shell employees questioned by SEC in reserves probe

BBC NEWS: Troubled Shell faces shareholders

BBC News: Shell appeals to shareholders' patience "You are still covering up the scandal," the heckler cried to some applause,”
 
Reuters.co.uk: Shell survives shareholder rebellion

The Scotsman: Anger over Shell Reserves Crisis: “Oil giant Shell was today given a torrid time by shareholders angry at the crisis over its reserves”

SKY NEWS: INVESTORS ARE DISGUSTED

The Times: Shell investors reject key proposal

The Guardian: Shareholders vent anger over Shell scandal

MLive.com: Shell repeats commitment to end Nigeria gas flaring by 2008

Press Release from Friends of the Earth

The New York Times: Shell Survives Shareholder Rebellion: “Not only has Shell been overstating its oil reserves, it has exaggerated its social and environmental performance too”

The New York Times: Shell Asks Shareholders for Forgiveness

Oil & Gas Journal: Pension funds sue Shell brass, auditors, seeking damages, policy changes

Business Report: take one share to Shell AGM

Tuesday 29 June, 2004

Houston Chronicle: Royal Dutch-Shell fuels doubts

Daily Telegraph: Shell boards survive as showdown evaporates

Daily Telegraph: Shell's board survive: No wonder Shell is in such a mess

The Guardian: Shell investors vent fury on 'incompetent' board: "This company is giving world class salaries to non-executives for a world class scandal."

The New York Times: Testy Annual Meeting Focuses on Shell's Scandal: “A few of Shell's top executives mislead shareholders and the financial world, he said. ”In the United States,'' he said, "they'd have been taken away in handcuffs.''

Business Report: SEC probe quizzes 30 Shell employees: “quizzed at the group's annual meeting yesterday, held concurrently in The Hague and London”

Business Report (SA) Shell chairman to view problems at Sapref, says activist: "Shareholders are tired of Shell's lying and spinning": “a chorus of disillusionment over its integrity and transparency”

Financial Times: Shell chief 'was told in advance' of problems

Financial Times: Shell apologises to angry shareholders: "When somebody is asked to leave under a shadow and yet paid a huge amount of money, it is usually to keep them quiet isn't it?"

Financial Times: Score of Shell

Financial Times: Shell's game

Toronto Star: Oil giant's brass beg for pardon and time: Contrition expressed at Royal Dutch/Shell: Reserve-booking fiasco stays at centre stage

The Times: Investors snub Shell in vote on liability: “When this scandal came up, Sir Mark was present. Why did he allow this departure from Shell’s business principles? He should resign from all his other directorships.”

The Times: Masters of understatement: "Today Credit Suisse First Boston was advising investors to switch to BP instead of Shell despite BP's being 80p more costly than Shell's"

The Independent: Dutch circus act stretches out to a record six hours: “Appropriately, the Dutch shareholders' meeting was held in the Circus theatre”

The Independent: Investors lambast Shell over ousted chairman's £1m pay-off: “the £1.06m pay-off for Sir Philip Watts proved that, even under new leadership, the company was still living in "a parallel universe"

The Independent: Still Shell-shocked: “a company which is obviously still in denial”

Wednesday 30 June, 2004

Financial Times: BP surprises with upward adjustment

The Independent: BP torments Shell with oil reserves revision: “BP admitted yesterday that it too had misled investors about the size of its oil and gas reserves. Unlike its rival Shell, however, BP has been underestimating them”

Daily Telegraph: Investors stunned by Shell revelation

The Wall Street Journal: BP, Norsk-Hydro Differ in Booking Field's Reserves

The Wall Street Journal: Shell Says SEC Questioned 30 In Reserves Probe: Investigators from the SEC and the Justice Department have teamed up in the probe”

The Independent: BP has more in reserve: “prompting CSFB to advise a switch out of Royal Dutch Shell”

Financial Times: Ormen Lange highlights broader issues: “in the wake of the scandal at Royal Dutch/Shell”

Planet Ark: Shell Survives Shareholder Rebellion "Not only has Shell been overstating its oil reserves, it has exaggerated its social and environmental performance too"

Business Day: Grindrod, BP and Shell in R350m BEE deal

New York Times: Oil Firms Differ with on SEC Gas Reserves

Expatica News: Shell: 85pc of written off reserves exist

AccountingWEB.com: Pension Funds Sue Shell Seeking Damages, Governance Changes

sg.biz.yahoo.com: Shell New Zealand Approves Pohokura Gas Field

END OF SHELL NEWS REPORTS FOR JUNE 2004

*****************************************************************

To see news files for each month, click on the appropriate month below: -

JANUARY 2004 SHELL NEWS

FEBRUARY 2004 SHELL NEWS

MARCH 2004 SHELL NEWS

APRIL 2004 SHELL NEWS

MAY 2004 SHELL NEWS

JUNE 2004 SHELL NEWS

JULY 2004 SHELL NEWS

AUGUST 2004 SHELL NEWS

SEPTEMBER 2004 SHELL NEWS

OCTOBER 2004 SHELL NEWS

NOVEMBER 2004 SHELL NEWS

DECEMBER 2004 SHELL NEWS

     
JANUARY 05 SHELL NEWS FEBRUARY 05 SHELL NEWS MARCH 2005 SHELL NEWS
APRIL 2005 SHELL NEWS MAY 2005 SHELL NEWS JUNE 2005 SHELL NEWS
JULY 2005 SHELL NEWS AUGUST 2005  SHELL NEWS SEPTEMBER 2005 SHELL NEWS
OCTOBER 2005 SHELL NEWS NOVEMBER 2005 SHELL NEWS DECEMBER 2005 SHELL NEWS
 
Click here for Shell Breaking News

Click here for our file of original ShellNews.net Stories

Click here for news on current litigation involving ROYAL DUTCH SHELL

Click here to visit the WEB PAGES OF SHELL GEOLOGIST/INSIDER, DR JOHN HUONG

Latest news on Royal Dutch Shell legal battles with whistleblower Dr John Huong

Selection of memorable/shocking Shell stories from 2004/5

Click here for access to our growing collection of archive articles relating to Shell (as per example below)

MI6 'Firm' Spied on Green Groups (Sunday Times archive article 17 June 2001)

Click here to visit the WEB PAGES OF THE NATIONAL UNION OF OGONI STUDENTS INTERNATIONAL

Click here for links to other webpage's/websites relating to Shell's business ethics

Click Here to return to HOME PAGE

 


Click here to return to Royal Dutch Shell Group .com