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Shell News Archive Thursday 4 November, 2004

From our Shell News Archive Thursday 4 November, 2004

Newstatesmen 4 Nov 04: The business – Patrick Hosking on Shell’s move to the Netherlands: The London head office of the UK half of the business, Shell Transport & Trading, is being disbanded.”: “…London will become a mere branch. The company’s centre of gravity will shift further over the North Sea.”: “Last month, the company had to admit that it may have got its figures wrong for the fifth time in a year.”

BLOOMBERG: Shell, ChevronTexaco Are Accused of Fixing Gas Prices (Update1):  Shell Oil Co., ChevronTexaco Corp., and a unit of Saudi Aramco were sued by a group of gasoline dealers who claim the companies conspired to fix the price of fuel sold to about 20,000 service stations nationwide.”: “The suit in Manhattan federal court claims that in 1996, senior officers of Saudi Refining Inc., “Shell and Texaco met and entered into an agreement to raise, fix, peg and stabilize the price of motor fuel sold to Shell and Texaco dealers.”

Houston Chronicle (Nov 4/04): Gas stations allege price fixing in suit: “Shell Oil, ChevronTexaco and a unit of Saudi Aramco were sued by gasoline dealers who claim the companies conspired to fix the price of fuel sold to about 20,000 service stations nationwide.”: Karyn Leonardi-Cattolica, a spokeswoman for Houston-based Shell, the U.S. arm of the Royal Dutch-Shell Group, had no immediate comment.”

THE WALL STREET JOURNAL (Posted Nov 4 04): UPDATE: Nigeria Union Grp Holds Rally Over Nov 16 Strike: “Nigerian labor leaders and activists vowed at a massive rally Wednesday to go ahead with a Nov. 16 general strike, while a tribal leader singled out Royal Dutch/Shell Group as a possible target of attack if workers cross picket lines.”

CBS MarketWatch (Nov 4/04): Shell sells 25% of stake in Mex LNG project to Mitsui

LEGAL WEEK (UK) (Nov 4 04): Trio of firms called in to advise on Shell restructuring: “It is widely expected that the position of global general counsel Beat Hess will not be altered and that he will be able to attend the meetings of the new solitary board. In May, Hess told Legal Week he was kept in the dark about the company’s looming crises over the booking of oil reserves and that he was pushing for greater visibility for lawyers at board level and a clear reporting structure in the legal function.”

Bernama (Nov 4 04): Shell To Invest Another RM12 Bln In Malaysia: Shell which has been operating in Malaysia for the last 114 years and invested over RM70 billion in the last four decades plans to invest another RM12 billion from 2004 to 2008, said Chairman of Shell Malaysia, Datuk Jon Chadwick.

autoindustry.co.uk (Nov 4 04): Black Circles signs Shell loyalty card deal

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