Shell to scrap twin board structure
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Oil giant Royal Dutch/Shell today said it would to scrap its twin board structure as it battles to restore confidence in the wake of its reserves crisis.
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LONDON/AMSTERDAM  - Oil major Royal Dutch/Shell  Group RD.AS plans to move to a unified corporate  structure, ditching a century-old dual-ownership system blamed  for contributing to a reserves overbooking scandal.
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Royal Dutch/Shell Group, ending a century-old ownership structure, will combine its parent companies in the UK and Netherlands to rebuild investor confidence after writing down its reserves four times this year.
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Environmental activists deface a photo exhibition sponsored by oil giant Shell at the Natural History Museum.
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HONG KONG (CBS.MW) -- Anglo-Dutch oil giant Royal Dutch/Shell said Friday it has pushed back its annual shareholders meeting and may delay its 2004 financial report if it needs to restate more of its proven oil and gas reserves.
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A chemical company has announced plans to shut a Teesside plant which employs 30 people.   BASF has secured an alternative raw material supply for its polyamide business. It will purchase adipodinitrile (ADN) from US- based company INVISTA.
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Shell Oil Co said on Friday it has  decided to go ahead with a 325,000 barrel-per-day capacity  expansion of the Motiva refinery in Port Arthur, Texas.
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Oil giant Royal Dutch/Shell said on Monday it had agreed to a restructuring of its Gasunie gas division with the Dutch government and business partner ExxonMobil.
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The Royal Dutch/Shell Group of Cos. unveiled plans Thursday to merge its two holding companies after nearly a century apart, a response to a scandal over its downgrading of oil reserves. The company, which posted third-quarter profits double those of a year ago, also warned it might further reduce its proven oil reserves.
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DEMOLITION of a landmark former brewery got und
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Royal Dutch Shell plans to appeal against a shutdown order imposed on its refinery in Buenos Aires.
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LONDON  - Royal Dutch/Shell said it would delay a vote on its plans to switch to a single-board structure, to June next year, after initially scheduling a ballot for April 2005.
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Oil major Royal Dutch/Shell Group said it was merging its Dutch and British holding companies as it seeks to address failings that led to a shock downgrade in proven oil reserves.
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Shell Oil Co said on Friday it has decided to go ahead with a 325,000 barrel-per-day capacity expansion of the Motiva refinery in Port Arthur, Texas.
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OCEAN SPRINGS, Miss. _ The surge-damaged home of Robert Wiygul and Julia Weaver will be dismantled in January and many of its parts distributed to Gulf Coast people who need building materials.  It could start a trend.
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OIL group Shell has pledged to invest $45bn (Â£25bn) and make major disposals in a shake-up of the business, following its reserves crisis earlier this year.
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The Anglo-Dutch oil giant Shell today sought to draw a line under its reserves scandal by announcing plans to spend $15bn (Â£8.4bn) a year to replenish reserves and develop production in its oil and gas business.