APRIL 2004 SHELL NEWS
Thursday 1 April, 2004
The Guardian: BP shareholders strike oil
The Washington Times: Shell officials said warned of problems
The Wall Street Journal: Shell Estimate Ignored Warnings
Yahoo News: Shell warned in 2000 of possible overestimation of reserves
Forbes.com: Nigeria says Shell cut 1.9 bln bbls of its reserves
ThisisLondon.com: Shell 'warned in 2000' on reserves
Friday 2 April, 2004
The Times: Shell's Russian gas project $2bn over budget in weeks
The Scotsman: Claim Shell bosses warned on 'over-optimistic' projections
The Guardian: Shell was warned on output data four years ago
The Times: Shell adds to woes with Nigeria delay
Forbes.com: Shell repeats 1/3 of Jan reserves cut was Nigeria
Bloomberg.com: Shell, Beset by Reserves Probe, Boosts Canada Oil-Sand Estimate
ThisisLondon.com Shell reveals fresh setbacks
The Miami Herald: Shell Takes Hit from New Leak on Reserves
HoustonChronicle.com: Nigerian output still on hold
The Wall Street Journal: Nigeria Backtracks, Says Shell Downgrade Was 1.3 Bln Bbls
Saturday 3 April, 2004
The Times: Shell woes mount with new delay
The Daily Telegraph: Shell reviews cost of Siberian project
The New York Times: Shell Tells of Setbacks in Russia and Off Nigeria
Financial Times: Bonga project delays hit Shell
HoustonChronicle.com: Top 3 oil firms say SEC asking questions
New York Times.com: SEC Wants Execs Dismissed in Probes
Sunday 4 April, 2004
Daily Times: Shell's corrupt shell game in Nigeria
The Observer: UK firms face lawsuits as Watts quits ICC post
The Independent: Europeans attack Washington over SEC's red-tape bear trap
Mail on Sunday: Shell chief 'had a private army'
Reuters.com: Shell to transfer Bangladesh operations to Cairn
Letter to Malcolm Brinded, Richard Wiseman and Kendall Freeman (Recommended)
The Times: Shell quits Spain and Portugal
Monday 5 April, 2004
Letter to Malcolm Brinded, Richard Wiseman and Kendall Freeman (Another bombshell)
NewRatings.com: Shell Transport & Trading "hold"
Bloomberg.com: Shell, BP Cost Cuts Spur U.K. Oilrig Safety Concerns
The Times: Powerhouses of business are our joint winners
London Evening Standard: Cairn buys out Shell venture stake
Tuesday 6 April, 2004
ThisDayOnline: Nigerian Federal Government, Shell Disagree Over Oil Reserve
MoscowTimes.com: Surgut Courts Gazprom, Rosneft, Mobil and Shell
The Wall Street Journal: Shell In Dispute With i2 Tech, Seeks To End Contract
Wednesday 7 April, 2004
The Independent: Cairn Energy yields £11m fortune for Gammell
San Francisco Chronicle: Opponents gear up against Shell Oil
NBC News: Shell Plans To Close Refinery; Gas Prices May Rise
Bloomberg.com: Shell Replaces CFO in Exploration After Reserves Cut (Update1)
Bakersfield.com: Federal Trade Commission to evaluate decision to close Shell refinery
HoustonChronicle.com: Federal Trade Commission finds no collusion among oil companies
Thursday 8 April, 2004
The New York Times: Oman's Oil Yield Long in Decline, Shell Data Show
THE WALL STREET JOURNAL: Shell Reassigns Finance Executive
Quicken.com: Shell Reassigns Finance Executive
Los Angeles Times: Federal Trade Commission Will Review Shell Oil's Plan to Close Refinery
The Times: Shell knew of oil shortfalls two years ago
HoustonChronicle.com: Shell woes muddy fate of old fields
London Evening Standard: More oil stocks shocks at Shell
Los Angeles Times: Royal Dutch/Shell Group Replaces Unit CFO
Financial Times: Shell appoints new CFO for exploration unit
Easter Friday 9 April, 2004
The Scotsman: Troubled Shell ousts exploration unit's finance chief
Daily Telegraph: Top finance man axed in Shell shake-up
Daily Telegraph: Shell may have something in reserve but just now it's unproven
The Times: Exploration finance chief replaced at Shell
The Times: What will they dig up at Shell?
Toronto Star: Restatement of reserves rocks Shell
Financial Times: Shell all but withdraws from Angola
The Independent: Shell replaces executive at embattled exploration arm
Saturday 10 April, 2004
ChannelNewsAsia.com: Accountant warned Shell of reserve overestimates in 2002
Bloomberg.com: Shell Warned About Reserve Estimates 18 Months Ago, NRC Reports
Easter Sunday 11 April, 2004
The Sunday Telegraph: Auditor warned Shell about bonus and reserves link
The Independent: Shell faces human rights grilling
The Sunday Times: Shell suit’s parting line
Financial Times: US investors step up pressure
The Observer: A red card for teams behaving badly
Easter Monday 12 April, 2004
The Wall Street Journal: Shell Report Blames Ex-Officials For Energy-Reserve OverbookingMoneyCNN.com: Shell blames ex-execs for reserves
The Times: Watts to take Shell reserves rap
Financial Times: Shell directors question internal report
Tuesday 13 April, 2004
The Independent: Watts braced for further controversy in Shell reserves row
Financial Times: Observer: Hidden Shell
London Evening Standard: Duo blamed over Shell debacle
Walter Van de Vijver's Statement in Full (RECOMMENDED)
Wednesday 14 April, 2004
The Independent: Hold Shell but BP is oil sector pick
BBC News: Shell executive was 'forced out'
The New York Times: Ex-Shell Executive Says He Questioned Reserves
Financial Times: Deposed Shell executive breaks his silence
London Evening Standard: Sacked Shell chief hits back
Sky News: SHELL: slip, sliding away -SHELL EXEC FIGHTS BACK
The Washington Times: Ousted Shell exec lashes out at critics
San Jose Mercury News: Ex-Shell Exploration Head Defends Actions
Reuters.co.uk: Ex-Shell Exec: Ousted Without Explanation
IRIN News.org: NIGERIA: Niger Delta protesters close Shell facility
The Wall Street Journal: Ex-Shell Official Says He Warned About Reserves
Thursday 15 April, 2004
The Scotsman: Ousted Shell chief claims he tried to warn on reserves
The Guardian: 'Witch-hunt threatens Shell's stability'
The New York Times: Ex-Officers and Board at Odds Over Investigation at Shell
The Daily Telegraph: I warned Shell, says sacked reserves chief
The Daily Telegraph: Shell suit that begs a few questions
The Independent: Shell non-execs hire advisers as van de Vijver speaks out
The Independent: Shell man speaks (...entire CMD would be forced to resign)
Financial Times: Shell's corner
Friday 16 April, 2004
The New York Times: Shell Officer Said to Have Ordered Report Destroyed
The Independent: Shareholder concern as Shell board meets
The Wall Street Journal: Shell Boards Meet to Consider Further Action on Reserve Cuts
Reuters.com: Shell board discuss probe into reserves cut
Financial Times: The trying Dutchman
Saturday 17 April, 2004
The Times: Shell chiefs meet as new allegations emerge in US
The New York Times: Shell Executives Discuss Internal Review
The Independent: Shell board studies crunch report on oil reserves fiasco
Financial Times: Shell aims to unveil report next week
Financial Times: Unsure of Shell
The Daily Star: Shell scandal points to exaggerated estimates of oil reserves
Sunday 18 April, 2004
The New York Times: Shell Pays a Price for Overstating Reserves
The Sunday Times: Shell finance chief’s role in doubt
The Sunday Telegraph: Boynton's future hangs in balance
Mail on Sunday: Shell finance chief faces axe
Mail on Sunday: Boss accused over Polaroid failure
The Scotsman: Shell Silent on Future of Finance Chief
The Sunday Times: Ready to blow
The Observer: Axe hangs over more Shell directors
Monday 19 April, 2004
Daily Telegraph: Shell to report on reserves debacle
Reuters: High-flyer Boynton loses grip at Shell
Telegraph.co.uk: Shell finance chief quits in oil reserve crisis
Reuters: Shell says nothing ruled in/out on share buybacks
BBC News: Shell finance chief is forced out
London Evening Standard: Shell saga will run and run
London Evening Standard: US wants full Shell report held back
TimesOnLine: Beginning of the end
The Wall Street Journal: Shell Cuts Reserves Again; Finance Chief Steps Down
London Evening Standard: Shell bosses lied to the City (RECOMMENDED)
London Evening Standard: Shell triple move to stem damage
The New York Times: 3rd Shell Executive Quits Over Reserves Issue
Bloomberg.com: Shell Loses AAA Credit Rating, Lowered to AA+ by S&P (Update2)
Bloomberg.com: Shell Sought to `Manage' a Shortfall in Reserves and Failed, Audit Finds
San Francisco Chronicle: Shell exec said he was tired of lying; company's finance chief resigns
Houston Chronicle: 'Sick and tired about lying' at Shell
Bloomberg.com: Shell Canada's Debt Downgraded by Standard & Poor's (Update1)
The Guardian: Problems at Shell
The Guardian: Shell finance chief awaits her fate
The Guardian: Shell finance chief resigns in reserves crisis
BBC.co.uk: Shell bosses 'fooled the market'
Tuesday 20 April, 2004
The Independent: Shell hopes to draw line under fiasco of reserves
The Independent: Lies, cover-ups, fat cats and an oil giant in crisis
The Independent: Revealed: the bitter power battle that put Shell in the firing line
The Independent: Shell's whodunnit script is worthy of fiction
The Independent: How a sure thing became a City liability
The Times: Big reservations remain at Shell
The Times: Deceitful Shell 'needs ten years' to rebuild exploration business
The Times: Unravelling of the cover-up
FT: Human failings and hyperbolic e-mails
TheGlobeandMail.com: Shell executives hid shortfall for years
The Guardian: Shell admits it misled investors
The Guardian: Trail of emails reveals depths of deceit at the heart of Shell
The New York Times: Shell's Report on Its Troubles Cites Discord at Top: "The report also noted that last December, Mr. van de Vijver sent an e-mail message directing a subordinate, Frank Coopman, to destroy a document Mr. Coopman had produced that concluded that the company was "under a legal obligation" to immediately correct overstatements of its proven reserves.": "Our story is not one anyone would be proud of, and we have no excuses," said Lord Ron Oxburgh, chairman of Shell Transport and Trading, the British half of Royal Dutch/Shell (19 April 04)
London Evening Standard: Shell may have single London base
TheMiamiHerald.com: Lawyer: Shell Exec Fought Estimate Errors
The Scotsman: Shell admits reserve 'lies'
Edinburgh Evening News: Damning report shows Shell hid reserves shortfalls
The Scotsman: Shell implodes as e-mails provide damning evidence
Financial Times: Unsure of Shell
Financial Times: Observer Column: Shell-shocked (Corporate slogans consigned to the dustbin of history no. 94: "You can be sure of Shell.")Financial Times: US regulators ready to get to grips with internal report
Financial Times: SHELL SHOCK: Shareholders step up calls for structural reform
Financial Times: Shell puts crisis blame on 'human failings'
The Times: What next for . . .
Minneapolis Star Tribune: Dutch/Shell Group exec was 'sick and tired' of lying
The Daily Telegraph: Commanders scuffled while Shell sailed blindly on…
Daily Telegraph: Who's sorry now
Daily Telegraph: Memos expose Shell's years of lying
Financial Times: UK nuclear chief seen as Shell candidate
Wednesday 21 April, 2004
Business Report: Shell, the model of probity, must start from ground up
Houston Chronicle: Analysts say Shell should repair internal culture
The Scotsman: Shell's reputation left in tatters
The Scotsman: Shell faces 15 US lawsuits
Tallahassee.com: Shell shaken by execs' dishonesty on holdings
TheStarOnline: Shell report exposes lies, CFO sacked
PlanetArk.com: Shell reserves scandal may aid Ogoni case
London Evening Standard: Former Shell boss stokes the row
Daily Mail: Shell must be fully opened
London Evening Standard: Cairn chief finds his nirvana
London Evening Standard: Shell facing court over 'rights abuses'
Bloomberg.com: Shell Loses AAA Rating at Fitch; Rating Cut to AA+ (Update1)
The Guardian: Analysts hit out at Shell board's part-timers
Daily Telegraph: Red faces after strikes at company's former oilfields
Daily Telegraph: Shell investors blast 'bad apples' excuse
The Times: New Shell chief knew of problems in 2002
The Times: How did Shell's assayers let plate pass as pure silver?
The Independent: Criminal charges loom over Shell
The Independent: We can all learn from Shell's debacle
Reuters.com: Moody's cuts Royal Dutch/Shell Group's ratings
Financial Times: Flaws in controls take shine off Shell
Financial Times: How Shell became a victim of business fashion
Financial Times: Staff around the world left reeling as Shell image cracks
Financial Times: DEPOSED HEAD PREFERS SOUND OF SILENCE
Financial Times: Connections from politics to royalty
Financial Times: Collum seen as candidate for Shell
Thursday 22 April, 2004
ChannelNewsAsia.com: Moody's cuts 'AAA' debt rating of Shell subsidiaries
The Guardian: Shell shocks shake the City
Daily Telegraph: Shell suffers second cut to credit rating
Financial Times: Criminal authorities step up US Shell probe
Forbes.com Shell's Watts was fired face to face, escorted away
Investors.com: Exxon, Halliburton, Shell and more
The Wall Street Journal: Shell Canada Achieves Record Quarterly Earnings
The Wall Street Journal: Shell Report's Release Is Delayed
The Wall Street Journal: Shell Transport: Gets Long-Term Debt Rating Downgrade
London Evening Standard: The human risk for companies
Friday 23 April, 2004
Sacked Shell boss 'escorted from HQ'
The Times: Shell: A very British kind of scandal: why Shell is no Enron
The Times: Waffle about values won't tame the bully boss
The Times: SEC in U-turn on oil reserves reporting
Financial Times: An independent chairman at Shell Group a must (Letters Column)
Financial Times: KPMG and PwC braced for grilling over Shell audit
REPORT OF DAVIS POLK & WARDWELL TO THE SHELL GROUP - AUDIT COMMITTEE EXECUTIVE SUMMARY
Janes.com: World oil crisis looms
Bloomberg.com: U.K. Financial Regulator Starts Probe of Shell Amid Reserve Cut
London Evening Standard: Fuel for thought over Shell
HoustonChronicle.com: British regulator
announces probe of Shell parent
Saturday 24 April, 2004
The Guardian: FSA to investigate Shell's reserve overstatement
The Guardian: When holes appear below the line
Daily Telegraph: Shell's lies over reserves spark FSA investigation
Daily Telegraph: Are there really any reserves out there?
Daily Telegraph: Peer who hopes to clear up the spill
Daily Telegraph: The week that was
The Times: Shell faces double threat as FSA launches inquiry
The Times: Loyal shareholders can no longer be sure of Shell
The Independent: FSA confirms formal inquiry into Shell over reserves scandal
The Independent: Investors still drilling for value in the oil sector
BBC News: Shell under investigation by FSA
Financial Times: Shell will have to dig deep to recover its reputation
Financial Times: Worrying problem of the shrinking Shell
Financial Times: Shell insiders defend dual boards
Financial Times: AND THE WINNER FOR CORPORATE IMAGE IS
Financial Times: Nigeria holds the clue to group's wrongly booked reserves debacle
Financial Times: Earlier warning was 'dynamite'
ChannelNewsAsia.com: Shell name dragged through mud after explosive report
ChannelNewsAsia.com: Moody's cuts 'AAA' debt rating of Shell subsidiaries
The Wall Street Journal: California Attorney General Urges Shell To Delay Refinery Closure
New York Times: Britain Regulator to Investigate Shell
Bloomberg.com: Shell May Decide Against Unifying Dutch, U.K. Boards, FT Says
Sunday 25 April, 2004
Sunday Telegraph: Why Shell's three resignations are the first of many
Sunday Telegraph: Brands count but companies don't
Sunday Telegraph: Anglo-Dutch rows
Sunday Telegraph: Shell in the path of a legal whirlwind
The Observer: Boom time for Wall St as Shell fights back
The Observer: Dutch helm disease gets blame at Shell
The Observer: A new conflict in an old rivalry
The Sunday Times: Shell backtracks on lawyers' damning report
The Sunday Times: Shell board on trial as report on reserves throws group into turmoil
The Sunday Times: RISE AND FALL OF AN OIL BARON
SundayHerald.com: Who can be sure of Shell today?
The Scotsman: A Shell of a crisis
The Washington Times: U.K. joins U.S. in Royal Dutch/Shell probe
The Independent: DTI is poised to probe Shell as scandal grows
The Independent: Duke of York accused over oil project
Time Magazine: To Bin? Or Not To Bin?
The Business: What cloud is Oxburgh on?
The Mail On Sunday: Shell’s top bosses named in £8 billion lawsuit after being spared the sack
Financial Times: BP set to outshine Shell again
Financial Times: Shell's lessons for oil industry regulation
The Observer: Non-execs face their hardest test
Monday 26 April, 2004
The Independent: Oil giant retreats back into its Shell
BusinessWeek.com: Can Shell Put Out This Oil Fire?
Financial Times: UK watchdog drills at Shell
Financial Times: Another hair-raiser from Shell
Financial Times: Rotten boroughs, poison pills, odd proxies
Globe&Mail.com: AGMs likely to focus on gushing cash, new reserves policy
Ireland On-Line: Shell faces investigation from UK's FSA
The Guardian: Cost-cutting 'jeopardises North Sea rigs'
Daily Telegraph: Added pressure for Shell as results go head to head with rival BP's
The Guardian: Shell 'needs Wall St help'
TimesOnline: Agenda: William Lewis: And so farewell then dour, plump, bald bloke.. (Shell is a disreputable company in need of a strong injection of ethics) London Evening Standard: Fuel for thought over ShellThe National Post: Shell story reflects a scary trend
The Scotsman: Oil majors show the extremes of fortune
Tuesday 27 April, 2004
The Scotsman: Now Shell auditors are in the firing line
Al-Jazeera: Shell Oil Lies - A tip of the iceberg as World Oil crisis looms?
The Times: Class action splits the global investors
The Times: Will firing staff help Shell's cause?
The Wall Street Journal: Total/Sibneft
The Wall Street Journal: Shell Gets Toughest Scrutiny From U.S.
Globe&Mail.com: Shell Canada's debt ratings cut
Bloomberg.com: Shell Booked Angola Reserves Over a Year Before BP (Update3)
Sify.com: Shell to outsource 3,000 IT jobs
The Scotsman: Watchdog probes Shell over oil reserves downgrade
Press Release by Shell Shareholders Org 27 April 2004
Wednesday 28 April, 2004
Daily Mail: Shell attacked from all sides (recommended)
TheStarOnline: Shell to cut cost by outsourcing work to Malaysia, India
Financial Times: Shell to cut up to 30% of IT jobs worldwide
Bloomberg.com: Shell, After Reserve Cuts, May Post Drop in Quarterly Earnings
Financial Times: Triple-A loses some of its allure
Financial Times: Oil groups urged to adopt Anadarko disclosure method
Financial Times: Icon of inefficiency
Daily Telegraph: High oil prices 'are stalling the US economy'
Daily Telegraph: Shell to shift IT jobs to the Far East
The Independent: Outlook: A problem with chemistry as BP opts for IPO
The Independent: Petrochemicals spin-off could return £4.5bn to BP investors
The Wall Street Journal: Shell to Cut Up
to 2,800 Tech Jobs
The Scotsman: BP throws oil on burning shell
of arch rival
The Scotsman: 2800 IT staff face Shell axe
London Evening Standard: Shell faces flood of lawsuits by workers (Recommended)
London Evening Standard: BP leaves rivals standing
Daily Mail: Shell's £13bn credibility gap
Thursday 29 April, 2004
Financial Times: Hollywood or bust . . . or For a Few Barrels More
Financial Times: Shell 'had systems in place' to hear fears over reserves
Bloomberg.com: Shell Reports Drop in First-Quarter Earnings as Output Falls
Yahoo.com: Shell 1Q Net Falls 16%, Announces $2B Buyback
The Scotsman: Embattled Shell lifted by 9% rise in profits
Forbes.com: S&P says it may still cut Shell's debt rating
The Times: Revival in the pipeline?
Friday 30 April, 2004
New York Times: Shell to buy back $2 billion in stock
The Scotsman: Oil giant proves it's still a winner
The Independent: Shell fights back with $2bn share buy-back programme
The Independent: Movement at Shell
The Guardian: Shell woos investors with $2bn buyback
Daily Telegraph: Shell pledges to buy back $2bn shares
The Times: Shell set to step up disposal of assets
The Times: Shell share buyback looks slick move
Financial Times: Shell reassures with upbeat results
Financial Times: Strong results a respite for Shell
Financial Times: Lex COLUMN: Royal Dutch/Shell
Financial Times: OBSERVER: Shell game
TheMotleyFool.co.uk: Shell Fishing
Business Week: FSA Looks at Shell Emails
National Post: Shell Canada distances itself from parent company reserves estimates scandal
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MI6 'Firm' Spied on Green Groups (Sunday Times archive article 17 June 2001)
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