Daily Mail: Speed up reform, Shell warned: Shell Gets a rocket 15 June 2004, Posted 16 June 04 BIG investors have given Shell a blunt warning that it must speed up its reforms and give more information about an internal review into its board structure. Shareholders have said the oil giant’s refusal to name those [...]
Posts on ‘June 16th, 2004’
Daily Mail: Reserves row spotlight on oil giants
Daily Mail: Reserves row spotlight on oil giants Brian O’Connor, 15 June 2004 Posted 16 June 04 COULD the oil reserves scandal that has crippled Shell spread to others? Markets are on a knife edge as oil giants prepare for fresh scrutiny from the powerful US Securities and Exchange Commission. Shell’s rivals, including BP, insist [...]
Bloomberg.com: Shell to Provide Details `Soon’ on Governance Review (Update1)
Bloomberg.com: Shell to Provide Details `Soon’ on Governance Review (Update1) June 16 (Bloomberg) — Royal Dutch/Shell Group, Europe’s second-largest oil company, said it will respond “soon” to investor calls for more information on a review of corporate governance after the company cut its oil and gas reserves. “Shell is sensitive to and aware of these [...]
Shell under fire from US investors
The Times By PA News June 16, 2004 Anglo-Dutch oil giant Shell came under fresh attack today after two US-based investors hit out at a lack of transparency in the review of the company’s structure. Knight Vinke Asset Management and Californian pension fund Calpers urged the company to be more open about a process that [...]
US rebels warn Shell of challenge
London Evening Standard: US rebels warn Shell of challenge 16 June 2004 BIG investors are stepping up their challenge to Shell in frustration at what they see as the oil giant dragging its feet on reform. Two US shareholders have warned Shell publicly to come clean or expect a grilling at its 28 June annual [...]
Big investors go public with Shell demands
The Guardian: Big investors go public with Shell demands Mark Tran Wednesday June 16, 2004 Big shareholders today stepped up the pressure on the oil giant Shell to be more open in the way it is reviewing its management structure. Representatives of the Californian pension fund Calpers, one of the world’s biggest investors, and another [...]
Shell Governance Questioned
Corporate Governance NETwork!: Shell Governance Questioned Posted 16 June 2004 Sir Philip B. Watts, former chairman of Royal Dutch/Shell, was awarded a pay and option package worth more than $10.7 million in 2003, reports the New York Times. Proven annual reserves were overstated by about one-fifth in each of the last six years. The picture [...]
In Mexico, Anger Over Gas Terminals
The New York Times: In Mexico, Anger Over Gas Terminals By ELISABETH MALKIN Published: June 16, 2004 EXICO CITY, June 15 – Fierce opposition to proposed liquefied natural gas terminals in Baja California has thrown into doubt the Mexican government’s plan to end the country’s dependence on United States gas imports. Petróleos Mexicanos, the oil [...]
BBC News: Shell review slammed over secrecy
BBC News: Shell review slammed over secrecy 16 June 2004 Shell’s reserves are much less than originally stated Two of Shell’s key shareholders have criticised the oil giant for the secrecy surrounding an internal review into the way the company is run. California pension fund Calpers and US investors Knight Vinke said in a letter [...]
Times-Picayune: Company can’t say which locations sold the tainted gasoline
Times-Picayune: Company can’t say which locations sold the tainted gasoline Tuesday, June 15, 2004 By Stewart Yerton Business writer Posted 16 June 04 More than two weeks after a batch of tainted gasoline caused Shell Oil Co. to temporarily close pumps at nearly 200 gas stations in the New Orleans region, the company has released [...]
Shell To Invest $100M In Venezuela In 2004
The Wall Street Journal: Shell To Invest $100M In Venezuela In 2004 DOW JONES NEWSWIRES June 15, 2004 4:43 p.m. Posted 16 June 04 MARACAIBO, Venezuela — Royal Dutch/Shell (RD, SC) plans to invest $100 million in Venezuela this year, mainly in the Urdaneta oil field it operates in the Lake Maracaibo region, Joaquin Moreno, [...]
US Post Office To Test Fuel Cell Vehicle
The Wall Street Journal: US Post Office To Test Fuel Cell Vehicle DOW JONES NEWSWIRES June 15, 2004 6:18 p.m. Posted 16 June 04 WASHINGTON (AP)–The Postal Service said Tuesday it will begin testing a fuel-cell powered vehicle in the Washington area. The agency said it is leasing a General Motors Corp. (GM) minivan with [...]
The Guardian: Chop and change
The Guardian: Chop and change Wednesday June 16, 2004 Gabon’s forests are some of the most pristine in the world for both wood and animals. John Vidal reports from Makokou on the battle to prevent logging companies from destroying this area of natural beauty Kong Chiong Lok – known as “King Kong” – is the [...]
Funds fail to question the wisdom of Shell’s rhubarb cola
The Times: Funds fail to question the wisdom of Shell’s rhubarb cola By Carl Mortished June 16, 2004 HAVE you ever wondered what if customers and shareholders were to find out what goes on in your workplace? Total disclosure would be daunting for most companies and is something that management would do its utmost to [...]
Telegraph: There’s enough oil left to last for 40 years, says BP
Daily Telegraph: There’s enough oil left to last for 40 years, says BP By Edmund Conway (Filed: 16/06/2004) Petroleum giant BP said yesterday that world oil supplies remained plentiful, despite growing concerns about the remaining global reserves of crude. However, oil production in the UK fell faster than any other exporter in the world last [...]
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