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View Article  The Observer: Stop investing in Sudan’s genocide, MPs tell firms

EXTRACT: Shell, one of a few western companies involved in Sudan’s fledgling oil industry, declined to comment on the call ...   more »

View Article  The Observer: Moscow makes its power play

Last week, Russia threatened to scrap licences granted to Western companies in a bid to regain control of its energy ...   more »

View Article  The Observer: Blair wades in to Russia oil crisis

Gazprom moves to seize further control of energy resources as crisis threatens diplomatic relations

Oliver Morgan and Nick Mathiason
Sunday ...   more »

View Article  The Observer: BP battles to save image as investors’ trust drips away

EXTRACT: When Shell’s fortunes plummeted two years ago following revelations that it had mis-stated the value of its reserves, BP ...   more »

View Article  The Observer: FTSE top 20 make £96k per worker

EXTRACT: Oil companies BP and Royal Dutch Shell, for example, both made around £200,000 per each member of staff. Shell ...   more »

View Article  The Observer: Dubai clinches deal to build new port on Thames

EXTRACT: "...the Thurrock site was formerly a Shell oil refinery that ceased production in 1999. Shell has spent £50m clearing ...   more »

View Article  The Observer: Alaskan oil spill threatens to stain the image of BP's Lord Browne

Sunday August 13, 2006

The glowing reputation of Lord Browne as the leading oil man of his generation, and of ...   more »

View Article  The Observer/Guardian Online: Spectres loom for booming BP
A third point is that it has shone by avoiding mishaps such as the reserves scandal at Shell which resulted in the writing off of a quarter of the company’s reserves.   more »
View Article  The Observer/The Guardian: Coming to terms with the forces of anti-globalisation
Multinationals know they must adapt to survive. Being seen to behave ethically is as important as making profits, reports Nick Mathiason: Big business: evil empires, or a force for good?   more »
View Article  The Guardian/The Observer: If Blair can't save the world for us, then business will
James Smith, the chairman of Shell UK, said: 'We need EU governments to set clear targets to 2025 so that our businesses can have the confidence to make long-term investments in reducing emissions.' They want the government to create a larger, more vibrant market.   more »
View Article  The Guardian/The Observer: It's too late for the planet: or can we pull it from the fire? Brought to you in association with Shell
Respected scientist James Lovelock thinks it is too late to reverse climate change, writes Robin McKie, but the chairman of Shell UK, James Smith, is upbeat that major petroleum companies can play a big role in making amends   more »
View Article  The Observer/The Guardian: green investors have never had it so good: brought to you in association with Shell
Green is becoming investors' favourite colour. Once solely the province of funds specialising in socially responsible investment, now institutions from private equity to pension funds are putting their money into renewable energy and other green technology companies and projects.    more »
View Article  The Observer/The Guardian: Four elements in struggle for world power: Brought to you in association with Shell
Will the future of energy be fossil fuels, solar panels, wave power, or nuclear? Observer writers weigh up the merits of the competing technologies   more »
View Article  The Observer: Brazil leads field in alternative fuel race
Canada's top biotech firm, Iogen, is working with Volkswagen and Shell to produce cellulose ethanol made from non-food agricultural residue. This can cut carbon dioxide emissions by 90 per cent compared with conventional fuels.    more »
View Article  The Observer: Shell consortium in new Sakhalin pipeline dispute
Sakhalin Energy, in which oil giant Shell has a controlling stake, is this weekend facing allegations that it is misleading potential funders of the world's second most expensive infrastructure project. The company is apparently claiming to comply with environmental standards despite evidence to the contrary. A series of documents leaked to The Observer state that independent consultants monitoring the construction of a $20bn gas and oil project on Sakhalin island, off the east coast of Russia, highlight numerous breaches of environmental protocol. But versions of the same reports on the website of Sakhalin Energy, the consortium behind the project, give the consortium a clean bill of health. WWF senior campaigner James Leaton said: 'This misleading of potential funders and environmental groups raises the question of trust. This is Shell's last chance to get things right on Sakhalin 2. It appears they have hidden the truth, which leaves them with zero trust. WWF does not see how funders can trust Shell to deliver this project to meet acceptable standards. Shell has blown its chances and its credibility.'    more »
View Article  The Observer: Criminal gangs push VAT fraud losses up to £7bn
Morale at the Revenue is said to be plummeting and there are suggestions that the Revenue and Customs boss, David Varney, is encountering management problems. The former MM02, Shell and British Gas executive was appointed head of the newly merged organisation two years ago.: ShellNews.net comment: We caught the incompetent Mr Varney (known as "Napoleon" at Shell) being economical with the truth when he was Managing Director of Shell U.K. Limited. We still have the relevant correspondence with him and associated transcripts of recorded telephone conversations. They prove that he did not tell us the truth. Varney is free to sue us for libel if he disputes what we say.    more »
View Article  The Observer: How to play your cards right and foil the identity thieves
Financial fraudsters have hit the headlines again after chip and Pin readers in 600 Shell service stations were tampered with, resulting in the theft of more than £1m. The criminals used scanning devices similar to those used by fraudsters, targeting cash machine users to copy the cards' magnetic strips and record Pin codes.    more »
View Article  The Observer: Enron: a master class in hubris and raging greed
ShellNews.net: A report concerning a scandalous business association/partnership involving Royal Dutch Shell (SHELL Overseas Holding Limited) and ENRON will be published here later today.    more »
View Article  The Observer: Investors to attack Shell over environment
The shareholder resolution was initiated by the faith-based Ecumenical Council for Corporate Responsibility, which has monitored Shell for years and has the backing of 130 of its shareholders, representing almost a million shares.    more »
View Article  The Observer: New oil shock ahead as $100 spike looms
Shell is also expected to announce close to record numbers next week, with analysts expecting profits around $5.57bn, driven largely by the oil price. The stand-off with Iran is one of several factors that could cause a significant supply disruption. Ethnic and tribal disputes in Nigeria have resulted in the loss of 500,000 barrels a day. Output in Iraq, potentially the world's second-largest exporter, is still well below pre-war levels. There are also concerns among traders about supplies from Venezuela and Russia because of internal politics.    more »
View Article  The Observer: Airmiles takes off again to silence the critics
But that still means spending £1,667 at Tesco or £3,560 at Shell garages to save enough points, and in addition travellers must pay all taxes and charges in cash.   more »
View Article  The Observer: From Iraq to Oman, the future is female
'There aren't enough people in the talent pool in the petroleum industry, so all companies are getting more aggressive and creative about finding them,' said Roxanne Decyk, director of corporate affairs at Shell. 'That partly explains why we've switched our search [for employees] to the Middle East and Asia and relaunched this campaign [for women].'    more »
View Article  The Observer: It pays to be one of the top 10...
Runner-up was Jeroen van der Veer of Shell, who enjoyed a 37 per cent increase, a third of it through the award of LTIP shares, despite continuing concern over the low level of oil reserves held by the group.   more »
View Article  The Observer: Big Mac tops 'unethical' poll: Perceived least ethical firms: 3. Shell
McDonald's tops the poll ahead of other 'bogeyman' companies such as Shell and Nestle, according to the Ethical Index compiled by market research firm The Fraser Consultancy. The findings come despite efforts by many of these companies to embrace new codes of practice and 'ethical trading', and suggest that old controversies linger in consumers' minds for many years.    more »
View Article  The Observer: Panic follows Shell oil leak
Shell faces sharp criticism in the Philippines this weekend after a large oil spill at its controversial depot in Manila, the country's capital, writes Conal Walsh.   more »
View Article  The Observer: At BP, can small ever be beautiful?
'Financial data for Exxon, BP, Shell and Chevron shows that upstream and downstream earnings are actually very positively correlated. The arguments for adhering to an integrated structure have lost much, if not all, of their historical validity.' Lucas's proposed solution is to demerge BP's downstream business from its exploration activities, offering investors shares in two companies. Lucas reckons that a demerger could yield $35bn of lost value to shareholders.   more »
View Article  The Observer: A gas deal with Russia? We'll grin and bear it
Why let Gazprom play off one country against another? A unified approach also means that the EU can exert more pressure on the Russians to open up their gas fields to the likes of Shell and BP.   more »
View Article  The Observer: Death rules the delta in battle to control oil
Kidnappings and ethnic war in Nigeria have one root cause - oil. The power struggles and corruption that flow from it have claimed thousands of lives. Eleven years after his own father was killed there, Ken Wiwa reports from the Niger Delta on the persistent conflict that is tearing the country apart    more »
View Article  The Observer: Shell banks on Russian energy revolution
But for Finlayson, himself a roly-poly bear of a man, diplomacy is a prerequisite because for Royal Dutch Shell, Russia is vital. The Anglo-Dutch giant has two massive projects there. It is the single largest foreign direct investor in Russia and is desperate to win the right to extract more Russian oil and gas if it is to stave off nervous investors who are only now recovering from the company's mis-stating of its oil reserves by 40 per cent.   more »
View Article  The Observer: New hand at Unilever tries to pull it together
A strategic review following the debacle at Royal Dutch/Shell, which has a similar dual nationality, called for a unified structure.    more »
View Article  The Observer: Revealed: the real cost of BP profits
The calculations would have the same catastrophic effect on the Royal Dutch Shell profits announced earlier this month, the biggest in British corporate history.   more »
View Article  The Observer: The Russians buy up our Centrica? What a gas ...
And the likes of Shell and BP have not been put off by the maverick nature of Russian business - indeed, they have spent billions trying to get their hands on the country's oil resources.   more »
View Article  The Observer: Timeline: a history of free speech (posted for Dr John Huong)
2004 Multinational oil giant Royal Dutch Shell obtains an Injunction and Restraining Order against Dr John Huong for exercising his right to freedom of expression by telling the unpalatable truth about his former employer of 29 years.    more »
View Article  The Observer: Treasury cashes in on the UK's financial jiggery-pokery
But just read Unctad's small print: 'However, the increase was largely accounted for by the merger of Shell Transport and Trading with Royal Dutch Petroleum for some $100bn.': So rather than demonstrating Britain's resilience and competitiveness, the Unctad figures actually show how good we've all got at financial engineering, in particular a huge accounting item from a bit of Anglo-Dutch jiggery-pokery.   more »
View Article  The Observer: Who's to blame for the big bang?
The British Pipeline Agency (BPA), a joint venture between BP and Shell, which also operates from Buncefield, issued a statement via City law firm Freshfields. It said its client 'has no reason to believe that it was responsible for the incident and refuses to accept any liability in this regard'.   more »
View Article  The Observer: Oil delta burns with hate
Shell relies on Nigeria for 11 per cent of its global output. But it has suffered four attacks in recent weeks and had to cut production in the delta by 10 per cent. Now some Shell insiders are privately questioning how secure its operations are   more »
View Article  The Observer: Red alert as Russia floats its oil giant
'I don't see the likes of Exxon or Shell taking part in a Rosneft auction. I think the state having a dominant stake might put them off.': Sunday January 8, 2006   more »
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