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October, 2004:

Shell kicks off multi-billion dollar asset sales

Oct 12th, 2004
by John Donovan.
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Reuters: Shell kicks off multi-billion dollar asset sales

“Royal Dutch/Shell has kicked off auctions for two units worth several billion dollars, to move forward with its plans to sell non-core assets to help fund more upstream oil exploration.”: “Last month, Shell, the world’s third-largest oil company, unveiled plans for major disposals and new production in its bid to put behind it a reserves scandal that rocked the group.”

Tue 12 October, 2004

By Charlie Zhu and Tom Bergin

SINGAPORE/LONDON (Reuters) – Royal Dutch/Shell has kicked off auctions for two units worth several billion dollars, to move forward with its plans to sell non-core assets to help fund more upstream oil exploration.

The company on Tuesday confirmed it and its partner, U.S. building firm Bechtel, were investigating the possible sale of their InterGen power joint venture.

Sources familiar with the situation said Shell’s advisor Citigroup had already sent offer documents to potential buyers for InterGen, while other sources said Citigroup was also preparing a sales memorandum for Shell’s global liquefied petroleum gas (LPG) distribution and marketing unit. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Gazprom holding talks with Shell

Oct 11th, 2004
by John Donovan.
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Financial Times: Gazprom holding talks with Shell

“Other than providing cash, strategic support, or a commitment to future capital investment, Gazprom could offer Shell access to other projects in Russia…”

By Andrew Jack in Moscow

Published: October 11 2004

Gazprom, the Russian state-backed gas monopoly, might take a significant equity stake in the Sakhalin 2 oil and gas project managed by Royal Dutch/ Shell by the end of the year.

John Barry, president of Shell Exploration and Production Services for Russia told the Financial Times there had been “intense discussions” in recent months with Gazprom and put the chances of a deal by the end of 2004 at 50:50.

The deal would bring to an end a period during which some of Russia’s most significant energy projects were controlled by foreign groups. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Nigerian oil union strike threat grows

Oct 10th, 2004
by John Donovan.
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THE BUSINESS: Nigerian oil union strike threat grows

“Nigeria’s oil unions will repeat last week’s two-day strike against Royal Dutch/Shell and extend it to the US firms Chevron/Texaco and ExxonMobil if talks with the company on Tuesday breakdown. Lumumba Okugba, deputy general secretary of white-collar oil union Pengassan said: The next one will be have to be bigger…”

By Richard Orange

10 October 04

Nigeria’s oil unions will repeat last week’s two-day strike against Royal Dutch/Shell and extend it to the US firms Chevron/Texaco and ExxonMobil if talks with the company on Tuesday breakdown.

Lumumba Okugba, deputy general secretary of white-collar oil union Pengassan said: The next one will be have to be bigger and we will have to take it holistically, not just Shell. We have the same problem with Chevron and Mobil. “We could go the whole hog.”

Pengassan is protesting against Shell’s plans to restructure its African operations, a move that will involve job losses. It is also protesting against the hiring of non-union casual staff. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Surging oil price forces IMF to tear up growth forecasts

Oct 9th, 2004
by John Donovan.
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The Independent: Surging oil price forces IMF to tear up growth forecasts

“Yesterday’s spike was triggered by Shell when it said Nigerian oil unions had begun an unexpected two-day strike at its facilities to protest against a reorganisation plan, but the company said output had not been affected.”

By Philip Thornton Economics Correspondent

Posted 9 October 2004

Record oil prices have forced the International Monetary Fund to scrap its forecasts for global economic growth next year, just a week after it published them.

As crude prices struck fresh all-time highs for a third day yesterday, the fund said it was worried about the medium-term outlook. The cost of oil surged on both sides of the Atlantic, breaching $53 a barrel in New York and jumping more than a dollar to a record $49.07 a barrel in London on news that a strike in Nigeria had put exports on hold. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Oil prices touch high as Shell workers strike

Oct 8th, 2004
by John Donovan.
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Daily Telegraph: Oil prices touch high as Shell workers strike

“Strikes by oil workers in Nigeria sent the price of crude above $49 a barrel in London for the first time yesterday. The members of two oil unions unexpectedly downed tools at Shell’s production facilities in a two-day protest against job cuts.”

By Malcolm Moore, Economics Correspondent (Filed: 08/10/2004)

Strikes by oil workers in Nigeria sent the price of crude above $49 a barrel in London for the first time yesterday.

The members of two oil unions unexpectedly downed tools at Shell’s production facilities in a two-day protest against job cuts.

Traders bargain in the oil pit at the New York Mercantile Exchange

The strikes came a day after the country’s main oil workers’ union said its members would cease work on Sunday if fuel prices were not cut. Shell said its production had not yet been affected. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Clean Up Sakhalin Oil Spill, Not Your Image, Campaigners tell Shell

Oct 7th, 2004
by John Donovan.
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FROM OUR SHELL NEWS ARCHIVE OCTOBER 2004

Friends of the Earth: Clean Up Sakhalin Oil Spill, Not Your Image, Campaigners tell Shell

“The spill stretched along five kilometres of coast and left local residents ill. Environmentalists had previously criticised Shell for not having an effective spill response plan and were furious when their fears proved well founded.“

Posted 7 Oct 2004

Environmental groups expressed outrage today as oil giant Shell moved to appoint a “crisis management” public relations officer for its troubled multi-billion dollar Sakhalin project in Russia’s Far East.

Shell has posted the recruitment ad just three weeks after one of its dredging vessels ran aground causing a Category 2 oil spill at Kholmsk on Sakhalin. The spill stretched along five kilometres of coast and left local residents ill. Environmentalists had previously criticised Shell for not having an effective spill response plan and were furious when their fears proved well founded. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Shell finds more oil in Brunei

Oct 7th, 2004
by John Donovan.
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AFX Europe (Focus): Shell finds more oil in Brunei

“”We regard this as a very important discovery because there are up to 20 similar structures in this area. If this success is replicated we estimate total recoverable oil of up to 100 mln barrels from the whole of the Seria North Flank,” said Mark Carne, managing director Brunei Shell Petroleum Co.

Posted 7 Oct 2004

LONDON (AFX) – The Royal Dutch/Shell Group said it discovered more oil in the Seria North Flank field in Brunei.

It found “approximately 400 metres of net gas and oil bearing sands of better reservoir quality than expected” in the well it drilled on the field.

“We regard this as a very important discovery because there are up to 20 similar structures in this area. If this success is replicated we estimate total recoverable oil of up to 100 mln barrels from the whole of the Seria North Flank,” said Mark Carne, managing director Brunei Shell Petroleum Co. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Ageing and sickly, ex-Shell staff wait on court

Oct 7th, 2004
by John Donovan.
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FROM OUR SHELL NEWS ARCHIVE OCTOBER 2004

New Straits Times: Ageing and sickly, ex-Shell staff wait on court

“Some have died. Others are losing their memory and many are ailing.”: “399 former employees of Sarawak Shell Bhd and Sabah Shell Petroleum Co Ltd engaged in a protracted legal battle with their ex-employers…” “claiming that they unlawfully deducted money from their internal retirement funds…”: “They won their case at the Miri High Court on Sept 20 but their employers filed an appeal.”: “For now, all they can do is hope their time doesn’t run out.”

By Johannes Ridu & Sharifah Arfah

MIRI, 6 October 2004

Some have died. Others are losing their memory and many are ailing. They are among a group of 399 former employees of Sarawak Shell Bhd and Sabah Shell Petroleum Co Ltd engaged in a protracted legal battle with their ex-employers over an estimated RM50 million they claim is rightfully theirs.

In November 2002 they sued their ex-employers, claiming that they unlawfully deducted money from their internal retirement funds, Shell Sarawak & Sabah Retirement Benefit Fund (RBF) and Shell Sarawak & Sabah Provident Fund (SSF). read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Woodside checks out early signs of African oil finds

Oct 6th, 2004
by John Donovan.
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Lloyds List: Woodside checks out early signs of African oil finds

“Shell and Pan-Ocean Energy have found oil with the Awokou onshore well in Gabon.”

Martyn Wingrove

Oct 06, 2004

WOODSIDE is evaluating signs that it has struck oil with its latest deepwater exploration wells in Mauritania, increasing its reserves in two key oilfield developments in the African country.

The Australian oil company is drilling a 21-well programme offshore Mauritania with two drilling units and has already gained encouraging indications of finding new oil reserves.

Semi-submersible Stena Tay, drilling on the Tevet prospect 10 km north east of the Chinguetti field, has encountered oil-bearing zones. It has started a logging programme on the well to provide more details of the potential reserves in the prospect. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

We need Dutch courage to compete with the US

Oct 6th, 2004
by John Donovan.
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The Times: We need Dutch courage to compete with the US

“Even the great Dutch firms are looking a bit sickly: Royal Dutch Petroleum, the senior Shell partner, is low in oil and embroiled in scandal…”

European Briefing

By Carl Mortished

October 06, 2004

WHO will be the great Dutch traders of the 21st century? A small and exceedingly wealthy country, the Netherlands has always been about trade, more about buying and selling things than making them. From the early 17th century the Dutch have been roaming the world, finding inexpensive goods and shipping them out or exploiting cheap labour in remote places for a quick profit.

What has happened to the flair, the ruthless eye for commercial advantage? Today, the Netherlands looks rich but tired, its economy is going gently nowhere and unemployment is on the rise. Even the great Dutch firms are looking a bit sickly: Royal Dutch Petroleum, the senior Shell partner, is low in oil and embroiled in scandal, Unilever has been mugged by American competitors while Philips is treading water in a sea of Asian electronics. And KLM? It has been devoured by the French. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Shell gets $1 billion US dollars from US pipeline sale

Oct 5th, 2004
by John Donovan.
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AFX Europe (Focus): Shell gets $1 billion US dollars from US pipeline sale read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Shell and Unocal quit Xihu Trough gas project

Oct 5th, 2004
by John Donovan.
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Lloyds List: Shell and Unocal quit Xihu Trough gas project

ROYAL Dutch/Shell and US oil independent Unocal have pulled out of the Xihu Trough offshore natural gas project in the East China Sea because of failure to renegotiate commercial issues, writes Martyn Wingrove.”

Oct 05, 2004

ROYAL Dutch/Shell and US oil independent Unocal have pulled out of the Xihu Trough offshore natural gas project in the East China Sea because of failure to renegotiate commercial issues, writes Martyn Wingrove.

The two companies each held a 20% stake in the exploration and gas development project, but have terminated their involvement, leaving it in the hands of China National Offshore Oil Corp.

The two companies agreed to assume all the financial risks during the 12-month exploration phase, but were unable to move the project forward into a commercial project. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Lucrative oilfield in India that Shell decided to abandon

Oct 5th, 2004
by John Donovan.
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The Times: Business Editor’s Commentary: Entrepreneurs need vision, determination and bravery as do large companies if they are to prosper. Bill Gammell has all those qualities. He also has a very lucrative oilfield in India, which Shell decided to abandon. Sir Philip Watts would not have qualified for the first round of the Entrepreneur of the Year contest but Shell’s structure did not nurture genuine entrepreneurs.

By Patience Wheatcroft

October 05, 2004

BUSINESSES need to nurture the entrepreneurial spirit from which they sprang.

Last night, t a glitteirng dinner, the individual named Entrepreneur of the Year in the Ernst & Young search which is sponsored by The Times was the chief executive of a FTSE 100 company, Cairn Energy.

Entrepreneurs need vision, determination and bravery as do large companies if they are to prosper. Bill Gammell has all those qualities. He also has a very lucrative oilfield in India, which Shell decided to abandon. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Bit player steals show by striking black gold

Oct 5th, 2004
by John Donovan.
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The Times: Entrepreneur of the year: Bit player steals show by striking black gold

“Gammell had bought the oilfield from Shell, the oil giant, after it had decided there was little there of worth. He paid about £10 million for assets now valued by the stock market at £1.5 billion.”: “The fortunes of the oil giant — shaken by its reserves downgrade crisis — are in stark contrast to the start-up rival thrown into the big City spotlight.”

By Elizabeth Judge

5 Oct 04

BILL GAMMELL is the proof that it can happen. Just as every spear-carrier might one day take centre stage, so every unexceptional, small company owner can enjoy their big break.

Gammell was last night crowned Ernst & Young Entrepreneur of the Year. His tale begins with a “company changing” moment.

A 5am phone call from the deserts of Rajasthan, north- west India, in January brought good news. Cairn Energy, the company that the 51-year-old athletic Scotsman launched 24 years ago and named after the mounds of stones commonly used as memorials, had finally struck black gold. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Royal Dutch/Shell finds ‘light’ oil in Gabon, West Africa

Oct 5th, 2004
by John Donovan.
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AFX Europe (Focus): Royal Dutch/Shell finds ‘light’ oil in Gabon, West Africa

“Shell, the operator, and partner PanOcean Energy Corp are now considering further appraisal and development work on the field.”

Oct 05, 2004

LONDON (AFX) – The Royal Dutch/Shell Group said it found “light” oil at an exploration well it drilled in Gabon, West Africa.

Analysis of the well, known as Awokou-1, had indicated a “29-metre oil column in the Gamba sandstone with no gas cap in the drilled formation,” it said.

Shell, the operator, and partner PanOcean Energy Corp are now considering further appraisal and development work on the field.

A second well is to be drilled this month, Shell said.

Awokou-1 is located on the Koula prospect which is close to two oil producing fields — Total/Shell’s Avocette and PanOcean’s Obangue. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Shell : Nigerian Govt, Rebel Deal Calms Region For Oil Ops

Oct 5th, 2004
by John Donovan.
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THE WALL STREET JOURNAL/DOW JONES NEWSWIRES: Shell : Nigerian Govt, Rebel Deal Calms Region For Oil Ops

“The recently appointed managing director of Royal Dutch/Shell Group’s (RD, SC) Nigerian unit, Basil Omiyi, said last week’s peace deal between the government and rebels in the Niger Delta will allow for stable oil operations.”

DOW JONES NEWSWIRES

October 5, 2004 6:34 a.m.

LAGOS — The recently appointed managing director of Royal Dutch/Shell Group’s (RD, SC) Nigerian unit, Basil Omiyi, said last week’s peace deal between the government and rebels in the Niger Delta will allow for stable oil operations.

“There will be a stable atmosphere for oil companies to carry out their activities,” Basil Omiyi said late Monday.

The Nigerian government and militant leader Moujahid Dokubo-Asari signed a peace deal last week, the fighting between government troops and Dokubo-Asari’s Niger Delta People’s Volunteer Force. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.
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