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Posts from ‘March, 2009’

Reverse auctions provide good chemistry for Shell

Purchasing.com By Alan R. Earls –Purchasing,03/12/2009 Over the past decade, online reverse auctions have been tested and, for many organizations, have proven their value. For manufacturing operations that source commodity chemicals they can be a particularly valuable purchasing tool. Royal Dutch Shell (Shell), a global group of energy and petrochemical companies with 100,000 employees, is [...]

Shell promotes company man to CFO position

Daily Telegraph Europe’s largest oil group, Royal Dutch Shell, has appointed Simon Henry as its new chief financial officer, a post that will vacated when incumbent Peter Voser is promoted to chief executive on May 1.  By Garry White Last Updated: 3:29PM GMT 12 Mar 2009   The CFO position will be vacated when incumbent [...]

How Simon Henry got it wrong on the repercussions of Royal Dutch Shell reserves fraud

Simon Henry, Shell’s head of investor relations, said that, nothwithstanding the huge extent to which proven reserves had been over-booked, none of the executives involved would be disciplined

Shell Nominates Simon Henry as New Finance Chief

Van der Veer took over in 2004 and restored investor confidence following a reserves restatement that led to regulatory fines, shareholder lawsuits and the ouster of the company’s top three executives, including then-chairman Phil Watts. The scandal prompted Shell to reorganize its corporate and management structure and step up spending on exploration.

5,000 oil wells face closure

Jules Schoenmakers of Shell said: “Operators are looking for breakthrough technologies and new approaches in this emerging business. The size of the market appears large enough to support many businesses and teams of specialised well abandonment professionals for several decades.”

Shell to Sea campaigner jailed for 28 days for assault on garda

In sentencing her, Judge Devins told Ms Harrington she was less inclined to believe in her passion for her cause having “witnessed the enjoyment she seems to get in being in the public limelight”.

Royal Dutch Shell Board proposes new Chief Financial Officer

The Board of Royal Dutch Shell plc today announced the appointment with effect from 1 May 2009 of Mr. Simon Henry, currently Executive Vice President Finance in Shell International Exploration and Production, as Chief Financial Officer to succeed Mr. Peter Voser who will become the Chief Executive on 1 July 2009. The Board will propose [...]

Nigeria Growth Falters on Oil Slide, Global Crisis

“Wannabe oil companies will disappear” here, said Ann Pickard, a vice president at Royal Dutch Shell PLC, at a recent conference in Nigeria. Shell has put several of its own exploration operations on hold.

Royal Dutch Shell plc – Non-Executive Directorate – Succession

12 March 2009 The Board of Royal Dutch Shell plc announced today that Mr Maarten van den Bergh will be retiring as Non-Executive Director at the Annual General Meeting of Shareholders on 19 May 2009. He has served the Company for 41 years of which the last 9 years as a Non-Executive Director. The Board [...]

University of Alaska professor in danger of losing federal funding

Here’s one incident that irritated Sea Grant officials: Steiner last year joined environmentalists and Native organizations in signing a protest letter alleging pro-industry bias in a UAF and Sea Grant-hosted meeting designed to seek common ground between offshore oil developers and Bering Sea fishing fleets. The biggest financial sponsor of the workshop was Shell Oil, which hopes to develop offshore leases in the region.

Nigerian Military Beefs Up Security in Delta Region

Royal Dutch Shell, which has been the prime target of a three-year campaign of attacks on the country’s oil industry, says it is unable to fulfill delivery commitments due to explosions last week on a key pipelines feeding the Escravos export terminal.

Crude Price Slump May Help Shell Gain Access to More Reserves

“Oil prices are lower, and may continue to stay low for a period, and that will ease access to reserves,” Shell Chief Executive Officer Jeroen van der Veer told Bloomberg News in an interview in London on March 4. “It is not happening now, but it will happen.”

Brewing Biofuels: Shell, Codexis Team Up to Drive Cellulosic Ethanol Research

Shell announced today a new agreement with Redwood City, Calif.-based Codexis to speed up development of super enzymes that can chew through starchy plants and break them down more quickly. Once cellulosic material like wheat stalks and corn stovers are broken down, they can be fermented just like corn and turned into ethanol. The problem so far has been finding a way to cheaply, quickly, and massively break down huge amounts of agricultural waste.

“Wow!” said Ollila

The dispute ended in victory for the Russian side. Shell and its partners in Sakhalin Energy sold their controlling interest in the venture to the Russian state-owned energy company Gazprom, and are now minority shareholders.

Royal Dutch Shell Plc Codexis Statement 10 March 2009

  Shell and Codexis deepen collaboration to speed arrival of next generation biofuel  Royal Dutch Shell plc and Codexis, Inc. today announced an expanded agreement to develop better enzymes that could accelerate commercialisation of next generation biofuels. Shell also increased its equity stake in Codexis and will take an additional seat on the company’s board. [...]