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Shell News Thursday, 20 January 2005

Shell News Thursday, 20 January 2005

DAILY MAIL (UK): City & Finance: Shell to recruit 1,000 engineers: “SHELL is recruiting 1,000 more engineers to beef up the business at the centre of lasts year’s reserves scandal.” (ShellNews.net) Posted 20 Jan 05

FINANCIAL TIMES: BP aims to abandon share option incentives: “…Royal Dutch/ Shell has requested a meeting with City investors to discuss the introduction of new remuneration policies. The size of executive bonuses used to be partially linked to the level of the company’s reserves but that pay scheme was abandoned last year following the embarrassing downgrades of its oil and gas stocks.” (ShellNews.net) 20 Jan 05

FINANCIAL TIMES: Market Insight: Soaring infrastructure costs will keep crude price aloft: “The drive to find new assets lies at the heart of Shell’s troubles over the past 12 months” (ShellNews.net) 20 Jan 05

DAILY TELEGRAPH (UK): Eager suitors line up for First Calgary (ShellNews.net) 20 Jan 05

DAILY TELEGRAPH (UK): The Questor column: First Calgary riding high: “While Cairn wants to exploit its new found black gold in India alone, First Calgary is likely to be bought by the likes of Shell or Total, making a glorious end to a share price graph which has shot up like an old fashioned gusher since listing in July 2002.” (ShellNews.net) 20 Jan 05

AFX Europe (Focus): Shell and Total in race for First Calgary – report (ShellNews.net) 20 Jan 05

Financial Express (India): Shell plans to launch Hazira terminal by March: “Oil major Shell plans to operationalise its LNG import terminal and all weather port at Hazira by March this year.” (ShellNews.net) 20 Jan 05

THE WALL STREET JOURNAL: Shell: Nigeria Oil Production Near Normal After Trouble: “Nigeria’s biggest oil producer Royal Dutch/Shell (RD SC) expects oil production to return to normal soon after weeks of outages caused by vandalism and community disputes…”: “The supply disruptions forced Shell to declare force majeure on delays to oil shipments by a week or more. The force majeure remains in effect.” (ShellNews.net) Posted 20 Jan 05

moscowtimes.com: Shell Suffers a Setback in Sakhalin: “A Royal Dutch/Shell Group-led venture that plans to sell liquefied natural gas, or LNG, to Asia suffered a setback when a Russian court cancelled environmental approval for part of the project…” (ShellNews.net) Posted 20 Jan 05

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