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Shell News Monday, 17 January 2005

Shell News Monday, 17 January 2005

Houston Chronicle: Shell Oil awaits a new leader: U.S. chairman will seek to rebuild company’s image: “As part of the Royal Dutch-Shell Group of Companies’ continued management shuffle, it is installing a new U.S. country chairman, John Hofmeister…”: “widely credited with hiring Judy Boynton, the former chief financial officer who was tainted in the reserves accounting scandal that inflated Shell’s oil and natural gas assets. She was finally dropped this month, albeit with a $1 million severance package. Boynton joined Shell in 2001 after leaving as vice president of Polaroid. A few months later, Polaroid filed for Chapter 11 bankruptcy protection and angry shareholders accused her of manipulating the company’s finances to appear better than they actually were.” (ShellNews.net) Posted 17 Jan 05

The Guardian (UK): Watchdog in the dock: “Shortly after former Shell chairman Sir Philip Watts took his case to the tribunal last October, the FSA chairman admitted appeals were slowing down the regulatory process.”: “Mr Hopper, who is representing the ex-Shell chairman in his case against the regulator, sees it another way. ”Any law enforcement agency that wins all its cases is not doing its job properly.” (ShellNews.net) 17 Jan 05

The Guardian: The path back to trust, truth and integrity: “Corporate social responsibility can be defined in lots of different ways, most of which have something to do with integrity.”: “When Shell tried to dump an oil rig in the North Sea, it met a storm of protest.” (ShellNews.net 17 Jan 05

FINANCIAL TIMES: Diplomacy: Why energy security is top priority: ““Within a week you had Tony Blair and the chairman of Shell in Tripoli.” (ShellNews.net) 17 Jan 05

Financial Times: Retail investment: Extending forecourt services: “The award of fuel marketing rights to, among others, Shell and Reliance Industries, coincides with the rise of Indian consumerism” (ShellNews.net) 17 Jan 05

FINANCIAL TIMES: Cairn Energy: Indian adventure pays dividends: “Estimates for the whole of the Rajasthan exploration block range from 1.5bn and 2.5bn barrels of oil”: “His and Mr Gammell’s hunch that the area had been underexplored – they bought the Rajasthan block from Royal Dutch/Shell for $12.5m – has been borne out so far” (ShellNews.net) 17 Jan 05

FINANCIAL TIMES: India and China: Two titans adopt different strategies on energy policy: “Last October, ONGC’s bid to purchase half of the offshore Block 18 in Angola from Royal Dutch/Shell was spectacularly scuppered by the Chinese, who used a $2bn aid package to convince the Angolan government that it should buy the same block instead.” (ShellNews.net) 17 Jan 05

New Straits Times (Malaysia): TV3 steps on the gas: “HAVING received tremendous response from viewers in its first season, TV3’s Destinasi Selera Bersama Shell Gas makes a comeback for the second season…”: “Brought exclusively by Shell Gas Malaysia, the programme attained more than one million viewers in the previous season. This time, it will feature a “traditional dishes and local culture” travelogue concept.” (ShellNews.net) 17 Jan 05

AFX Europe (Focus): BP, Shell to analyse oilfields in Iraq, train Iraqi engineers (ShellNews.net) 17 Jan 05

Irish Times: Shell wants Commercial Court to rule on gas field: “Opponents of the Corrib gas project in north Mayo are considering an application by Shell E&P Ireland to have two judicial reviews transferred to the High Court’s Commercial Court.” (ShellNews.net) 17 Jan 05

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