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Posts Tagged ‘Simon Henry’

Australia LNG Boom Threatened by U.S. Shale Exporters

By Eduard Gismatullin – Apr 26, 2012 1:10 PM GMT+0100 Royal Dutch Shell Plc (RDSA) and PetroChina Co. are designing a liquefied natural gas plant in Australia with capacity of about 9 million metric tons a year that Deutsche Bank AG says will cost more than $20 billion. Arrow Energy Ltd., the partners’ Brisbane-based venture, [...]

Shell steps up gas production, despite North American hurdles

Shawn Mccarthy — GLOBAL ENERGY REPORTER, OTTAWA— From Monday’s Globe and Mail 19 March 2012 Royal Dutch Shell PLC is doubling-down on its natural gas bet, despite a depressed North American market that has seen many producers shut in production. The international oil company is the world’s premier gas company, producing and shipping more of [...]

Shell scared away by British tax?

April 29, 2011 LONDON, April 29 (UPI) — Royal Dutch Shell suggested it might pull out of developments in the North Sea because of a tax increase imposed by the British government, a director said. British Chancellor of the Exchequer George Osborne imposed a duty on oil and gas producers in an effort to take [...]

Shell make £4.1bn…and axe North Sea fields

SHELL is slashing investment in the North Sea over a Budget Day tax hike – despite making £1.9million an hour. The giant yesterday revealed the rise meant it was now “uneconomic” to develop smaller UK oil and gas fields. Shell’s quarterly profits were up forty per cent and totalled £4.1billion. Chief finance officer Simon Henry [...]

Shell may have to sell North Sea assets after tax raid

Published Date: 29 April 2011 By Martin Flanagan City editor ROYAL Dutch Shell warned yesterday that it may have to sell some assets in the North Sea and reduce investment in the region because of the Chancellor’s tax raid and higher industry decommissioning costs in the Budget. Simon Henry, chief financial officer, revealed that the [...]

Shell chief condemns tax hike as profits surge 30%

mark williamson 29 Apr 2011 THE chief financial officer of Royal Dutch Shell has warned , the surprise hike in tax on North Sea profits will hit investment in the area, after the company unveiled a 30% leap in profits on the back of surging oil prices. Simon Henry said the hike, announced by George [...]

Shell Executives Convert Maximum Allowance of Bonus Into Shares

By Eduard Gismatullin – Feb 7, 2011 6:35 PM GMT+0000 Royal Dutch Shell Plc’s Chief Executive Officer Peter Voser and five other executives agreed to convert the maximum proportion of their bonus into stock. Voser got 50 percent of his 2010 bonus, or the equivalent of 1.875 million euros ($2.55 million), converted into 73,457 class-A [...]

Shell Upstream Boss Malcolm Brinded: Mr Overpromise and Underdelivery

COMMENTS BY “OUTSIDER” (Please note some pdf links contain multi-page docs and may take a while to download) The Bloomberg article of September 25th seems to echo a very familiar concept from the Watts/Enron era – promises, promises and more promises. But where is the additional production promised by Brinded repeatedly over the past few [...]

Shell taps insider for finance chief as Voser steps up

NCB analyst Peter Hutton said Mr. Henry’s appointment was a positive move. “Simon developed a very strong rapport with analysts when he was head of investor relations for being straight-talking and no nonsense, a feature which significantly helped restore Shell’s reputation after the reserves issue,” Mr. Hutton said.

Trusted with Shell’s reserves

Not many people at Royal Dutch Shell survived its reserves misreporting scandal with their reputations intact, but new finance director Simon Henry was one of them

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.

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 [...]