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Shell News Archive Monday 12 December 2005

Shell News Archive Monday 12 December 2005

REUTERS: Hedge fund challenges Royal Dutch Shell in court: “The merger was aimed at restoring confidence in Shell after a damaging reserve-overbooking scandal last year which was partly blamed on the group’s complicated dual management and ownership.”: “Dutch corporate law experts said if the court ruled in favour of Trafalgar, Shell might be forced to abandon the planned internal merger and go for a Dutch statutory squeeze out to obtain the remaining minority shares in Royal Dutch.”: Mon Dec 12, 2005: READ
 
Accountancy Age: Shell in court over improper behaviour claims: “Royal Dutch Shell’s plans to complete its corporate restructuring have been thrown into jeopardy…”: Monday 12 December 2005: READ
 
Daily Telegraph: Tough merger ahead for Shell: “Shell is facing a court battle tomorrow in the Netherlands before completing the controversial merger of Shell Transport & Trading with Royal Dutch Petroleum.”: “Yesterday Shell confirmed that Trafalgar, a leading London-based hedge fund, is trying to scupper the merger, which should be approved at an extraordinary meeting this week.”: Monday 12 December 2005: READ
 
The New York Times: ConocoPhillips May Buy Rival for $31 Billion: “The acquisition would give ConocoPhillips, the nation’s third-largest oil company, control of important natural-gas exploration areas in the United States…”: “Other major oil companies, including ExxonMobil and Royal Dutch Shell, have been moving aggressively in recent months to increase their own natural-gas production in this country.”: Monday 12 December 2005: READ

THE WALL STREET JOURNAL: Conoco Nears $30 Billion Deal For Gas Producer: “In recent months, Exxon Mobil, BP PLC and Royal Dutch Shell PLC have increased their exploration for natural gas in North America — and particularly the continental U.S.”: Monday 12 December 2005: READ

The New York Times: Iran Approves Its President’s 4th Pick for Oil Post: “Iran has been at odds with Royal Dutch Shell over the offshore Soroush and Nowruz oil fields, which Shell developed with JJI of Japan and the Oil Industries Engineering Company of Iran and has since handed back to Iran. When technical problems forced the fields’ temporary closure earlier this year, Iran blamed Shell. It said some work was of poor quality and subcontractors were not properly supervised.”: Monday 12 December 2005: READ
 
THE WALL STREET JOURNAL: China, India Team Up In Bid for Syrian Oil: “China and India are putting aside their differences to secure energy resources and are going after an oil field together.”: “Al Furat Petroleum is a joint venture between Petro-Canada, Royal Dutch Shell’s Syrian subsidiary and the state-owned Syrian Petroleum Co.”: Monday 12 December 2005: READ
 
MehrNews.com (Iran): Shell pays Iran $130m compensation for its delays: “The Shell Oil Company has so far paid Iran 130 million dollars as compensation for its delays and repair costs in Sorush and Noruz oil fields.”: “The oil official had earlier said that, the company’s recurrent delays during the project implementation had in addition to reducing its 15 percent capital return share, tarnished its reputation.”: Monday 12 December 2005: READ
 
Financial Times: UK warns on panic buying after oil blast: Posted Monday 12 December 2005: READ
 
AFX Asia (Focus): Malaysia’s Dialog expects more contracts in oil, gas construction – report: “The newspaper cited the company’s chairman and managing director, Ngau Boon Keat, as saying he expects Shell, ExxonMobil and Petroliam Nasional Bhd to step up construction of petrochemical plants and refineries in the near term to capitalize on rising oil prices.”: Monday December 12, 2005: READ

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