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Posts Tagged ‘Oil Reserves Scandal’

Dutch Court Throws Lifeline for Non-US Class Action Lawsuits

The court was used once before in a similar case launched in 2007 against Royal Dutch Shell, when investors resolved their claims for €316 million with the oil giant. Wednesday, January 25, 2012 7:22:02 AM Pension, endowment funds, and other international shareholders have a new avenue of enquiry to seek damages of alleged corporate fraud [...]

From our archive: ‘…Malcolm Brinded is certainly lying when he states that he did not know’

From a Shell Insider: “…Malcolm Brinded is certainly lying when he states that he did not know”: Mon 20 Feb 2006 04:27 AM EST Mr Donovan After reading some contributions to your site of insiders it made me decide to share something with you and your readers. Perhaps you see it fit to publish, I [...]

Shell denies swindling gov’t of excise taxes

“Shell has paid all the right taxes and strongly denies having engaged in any fraudulent activity, especially smuggling, as this is very much against its business principles…” Posted at 08/22/2011 8:36 PM MANILA, Philippines – Pilipinas Shell Petroleum Corp. denied it has defrauded the government of billions of pesos of excise taxes for importing a [...]

Controversy over Shell Value Creation Teams

COMMENT ADDED ON 1 APRIL 2011 FROM IAIN PERCIVAL (RIGHT), RETIRED GLOBAL CHIEF PETROLEUM ENGINEER OF SHELL INTERNATIONAL (Iain retired from Shell in 2006 after 33 years of service.) John – in your posting dated 31 March 2011 “You can be sure of Shell – the biggest confidence trick in history”, you wrote when Shell [...]

Shell is very different from Enron

Shell is very different from Enron. We were criticized for that some time ago and I’m glad we have a absolutely rock-solid way we do business. And, if you read our annual report, you read our footnotes and all the details, everything is in there. It’s all completely transparent, as far as Shell is concerned. [...]

Beleaguered BP could make a tempting target for Royal Dutch Shell

Two years on from the biggest shareholder revolt on pay the London market has seen and things are getting back to normal at Royal Dutch Shell. Shell had its moment back in 2004 with its reserves scandal but from 2005 embarked on a reconstruction involving a big increase in investment. Photo: GETTY IMAGES By Damian Reece, [...]

Shell: oil sands project adds 100,000 barrels/day

AMSTERDAM Royal Dutch Shell PLC said Wednesday a major oil sands project in Canada is now producing 100,000 barrels per day, nearly doubling the company’s production from the unconventional source. The Jackpine Mine project has been five years in the building and cost an estimated $2 billion. With it on line, total production by the [...]

Shell Hldr Foundation: Court Declares Shell Settlement Binding

THE WALL STREET JOURNAL MAY 29, 2009, 9:53 A.M. ET Edited Press Release AMSTERDAM (Dow Jones)–The Stichting Shell Reserves Compensation Foundation Today announces Friday that the Amsterdam Court of Appeals has declared the Non-U.S. Settlement Agreement concerning the recategorisation by Royal Dutch Shell PLC (RDSB.LN) of certain of its oil and gas reserves binding. The [...]

Class action giant Melvyn Weiss to serve 30 months

In August 2005 Schulman, Bershad and his partners on the East Coast firm now known as Milberg secured a $90 million settlement for investors in Shell. They had sued the company and its directors, including former chairman Sir Philip Watts, over the oil reserves scandal.

JANUARY 2004 ROYAL DUTCH SHELL NEWS

JANUARY 2004 ROYAL DUTCH SHELL NEWS Wednesday, January 7, 2004  Canada.com: 90 days to file Shell gas claims: “vehicle engine was damaged by a bad additive in Shell Gasoline 2 years ago”: “Shell Bronze gas contained an additive that was clogging up fuel systems” Friday, January 9, 2004  BBC News: Shell shares dive as reserves [...]