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Posts from ‘November, 2004’

NOVEMBER 2004 ROYAL DUTCH SHELL NEWS

Shell News Archive Tuesday 30 November, 2004

Shell News Archive Tuesday 30 November, 2004

THE NEW YORK TIMES: Under All That Ice, Maybe Oil: “The ice-cloaked Arctic Ocean was once apparently a warm, biologically brewing basin so rich in sinking organic material that some scientists examining fresh evidence pulled from a submerged ridge near the North Pole say the seabed may now hold significant oil and gas deposits.” (ShellNews.net) 30 Nov 04

THE WALL STREET JOURNAL: Nigeria Oil Cos Losing 1M Barrels A Week – Regulator: “The DPR said companies involved in the shutdown are ChevronTexaco (CVX), Elf – a unit of Total (TOT) – and Shell Petroleum Development Company of Nigeria, a unit of Royal Dutch/Shell (RD).” (ShellNews.net) 30 Nov 04 read more

Shell News Archive Monday 29 November, 2004

Shell News Archive Monday 29 November, 2004

TimesOnline (UK): The wages of greed: Robert Winnett and Stephen Grey reveal how the UN betrayed the poor of Iraq in what is being called the greatest financial scandal ever: “…throughout the oil trade, at the top of international corporations and foreign ministries, everybody knew.”: “His Swiss company would simply take possession of the coupon and, quite legally, sell the oil to a big western oil company such as Shell or BP. In return, Mr Cash was in a position to hand the politician a large envelope of cash, or even arrange a transfer to a foreign bank account.” (ShellNews.net) Posted 29 Nov 04 read more

Shell News Archive Sunday 28 November, 2004

Shell News Archive Sunday 28 November, 2004

AFX Europe (Focus): Russia’s Gazprom likely to join Sakhalin 2 gas/oil project – report: “Sakhalin Energy, a company based in Yzhno-Sakhalinsk, is promoting the project and is owned 55 pct by Royal Dutch/Shell Group, 25 pct by Mitsui & Co and 20 pct by Mitsubishi Corp.“ (ShellNews.net) 28 Nov 04

Daily Express (UK): Fresh oil reserves fears as Shell puts off Agm: “SCANDAL-STRUCK Shell sparked fears of yet further reserves downgrades by announcing it had been forced to put back the annual meeting which will determine the oil giant’s future.”: “The latest announcement inevitably fuelled speculation a further significant reserves downgrade was in the offing.”: “A criminal investigation and class actions are continuing in the United States.” (ShellNews.net) Posted 28 Nov 04 read more

Shell News Archive Saturday 27 November, 2004

Shell News Archive Saturday 27 November, 2004

Daily Telegraph: Barrel count delays Shell’s annual report: “Shell, the energy giant struggling to restore its credibility after its reserves debacle, has been forced to delay the publication of its 2004 annual reports because of lingering uncertainty over how much “proven” barrels of oil and gas it has got.”: “Since January, the number of reclassified proven barrels has risen as the company has checked and rechecked its reserves.” (ShellNews.net) 27 Nov 04

Yahoo! Finance: Shell postpones AGM: “Sorting out the mess of its reserves scandal has forced oil giant to Shell to postpone its AGM for two months”: “The release of the details of the proposed plan to amalgamate the UK and Dutch sides of the business under one board will also be delayed as they have to be included in the 2004 statements” (ShellNews.net) Posted 27 Nov 04 read more

Shell News Archive Friday 26 November, 2004

Shell News Archive Friday 26 November, 2004

Business Day (Nigeria): Shell in Nigeria denies Ogoniland claims: “Anglo-Dutch oil giant Shell on Friday denied charges by a minority rights group that it was attempting to “forcefully” return to oil-rich Ogoniland to resume operations, more than 11 years after bloody unrest forced it to suspend work there.” 26 Nov 04

Investments And Pensions Europe (IPE.com): NETHERLANDS – Shell pension proposals anger unions: “Trade unions in the Netherlands have responded furiously to proposals by oil giant Shell to increase the pension age for its 11,000 Dutch workers from 60 to 65.”: “FNV Bondgenoten, one of Holland’s biggest unions, called on all Shell workers to protest the plans”: “If Shell does not listen, we will consult our members and could eventually go on strike.” (ShellNews.net) 26 Nov 04 read more

Shell News Archive Thursday 25 November, 2004

Shell News Archive Thursday 25 November, 2004

London Evening Standard: BP sells stake in ‘scandal’ gas field: “OIL giant BP has sold its share in a controversial Norwegian gas field, thrown into the spotlight by the reserves scandal at rival Shell, for $1.2bn (£645m.” (ShellNews.net) Posted 25 Nov 04

Yahoo! News: Shell hands over 12 marginal oil fields to Nigerian firms: “Anglo-Dutch oil giant Royal Dutch/Shell Group (LSE: SHEL.L – news – msgs) has formally handed over 12 of its marginal oil fields to 16 Nigerian firms, in an effort to encourage local participation in the oil and gas sectors, company officials said.” (ShellNews.net) read more

Shell News Archive Wednesday 24 November, 2004

Shell News Archive Wednesday 24 November, 2004

THE WALL STREET JOURNAL: Nigerian Police Tear Gas Shell Office Demonstrators: “Nigerian police fired tear gas at a crowd of several hundred people protesting outside the offices of Royal Dutch/Shell Group (RD, SC) in Nigeria’s oil-rich southern delta, activists said Wednesday.”: “Shell has denied any immediate plans to return to Ogoni territory. The oil giant was forced to abandon drilling there in the mid-1990s following violent protests led by MOSOP, which accused the company of cheating them out of oil royalties and polluting their land.” (ShellNews.net) 24 Nov 04 read more

Shell News Archive Tuesday 23 November, 2004

Shell News Archive Tuesday 23 November, 2004

Tuesday 23 November, 2004

Asia Times: Shell plans to source LNG for sale in India: “Royal Dutch/Shell is planning to source liquefied natural gas (LNG) from Oman, Qatar, Malaysia and Australia for sale in India from the first quarter of 2005. (ShellNews.net) 23 Nov 04

Financial Times: New accounting rules will cut Shell’s assets: “Royal Dutch/Shell will be forced to cut the value of its net assets by $4.7bn (£2.5bn) this year to bring its pensions reporting into line with radical accounting guidelines being introduced across Europe.”: “However, analysts separately raised concerns about Shell’s decision to change the way it reported on its Dutch exploration and production joint venture.” (ShellNews.net) 23 Nov 04 read more

Shell News Archive Monday 22 November, 2004

Shell News Archive Monday 22 November, 2004

THE LAWYER: Shell fills up on international law firms: “Allen & Overy, Baker & McKenzie, Clifford Chance, Denton Wilde Sapte and Simmons & Simmons have all won places on the oil giant’s selection of international firms. Shell’s UK general counsel Richard Wiseman told The Lawyer: “Others have not been excluded from further work. It’s a much more sophisticated and realistic way of working.” Wiseman explained that these are the firms that Shell will turn to first when it needs international advice.” (ShellNews.net) 22 Nov 04 read more

From our Shell News Archive Sunday 21 November, 2004

From our Shell News Archive Sunday 21 November, 2004

THE BUSINESS (EU): Shell’s sale plans hit resistance: “ROYAL Dutch/Shell’s plan to sell $12bn (£6.5bn, €9.4bn) of assets to fund its recovery is stumbling in the face of opposition from local managers, according to a consultant working with the company.”: The source said: “There are big fights between the country managers and the exploration heads. There are all these assets being hawked around the market by bankers that the local managers don’t really want to sell.”: “”Shell has changed dramatically as a company. It’s not the culture that I once knew…” (ShellNews.net) 21 Nov 04 read more

Shell News Archive Saturday 20 November, 2004

Shell News Archive Friday 19 November, 2004

Shell News Archive Friday 19 November, 2004

Yahoo!: Shell says considering developing gas field in north China with PetroChina (ShellNews.net) 19 Nov 04

Canadian Press: Shell Canada boosts capital spending by 60%, spreads cash across country: “CALGARY – Shell Canada plans to raise its capital spending next year by more than 60 per cent to $1.8 billion, spreading the cash across Canada and the energy company’s diverse array of assets.”: “it is 78 per cent owned by Royal Dutch/Shell, one of the world’s biggest oil companies, headquartered in London and the Netherlands.” (ShellNews.net) Posted 19 Nov 04 read more

Shell News Archive Thursday 18 November, 2004

Shell News Archive Wednesday 17 November, 2004

From our Shell News Archive Wednesday 17 November, 2004

BLOOMBERG: Enbridge to Buy Shell’s Gulf Pipelines for $613 Mln (Update1): “Canada’s second- largest pipeline company, agreed to buy Shell Gas Transmission LLC for $613 million to gain pipelines in the Gulf of Mexico for the first time.”: “Royal Dutch/Shell, based in London and The Hague, plans to sell as much as $12 billion of assets in two years to fund investments and return cash to shareholders.” (ShellNews.net) 17 Nov 04

National Post (Canadian Press): Enbridge paying US$613M for Shell natural gas pipelines in Gulf of Mexico: “CALGARY (CP) – Energy distributor Enbridge Inc. is getting bigger with a $613-million-US purchase of Shell Gas Transmission and its natural gas pipeline network in the Gulf of Mexico.” (ShellNews.net) 17 Nov 04 read more

Shell News Archive Tuesday 16 November, 2004

From our Shell News Archive Tuesday 16 November, 2004

BBC2 TV “Newsnight”: Can Shell placate environmental critics? “Hilton Kelley claims Port Arthur has been “devastated by pollution”. “We had a great community one time,” says Hilton Kelley “Sandwich shops, taxi stands, nightclubs – we had all these things. Now it’s devastated by pollution. “Many of the residents have died from cancer – kids have moved away – they no longer want to live here.” Hilton, together with 1,200 residents of Port Arthur, has launched a class action lawsuit against Shell, claiming breach of environmental human rights. So what are the facts?” (ShellNews.net) Posted 16 Nov 04 read more

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