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From our Shell News Archive for Saturday 13 November, 2004

From our Shell News Archive for  Saturday 13 November, 2004

Daily Telegraph (UK): Shell will reward its investors: “Shell’s shareholders will be rewarded with a dividend bonanza next year if they vote through the Anglo-Dutch company’s restructuring plans in the spring.” (ShellNews.net) 13 Nov 04

THE TIMES (UK): Oil major commits to staying in UK for a decade: “SHELL has promised to maintain its North Sea oil operations for at least the next nine to ten years, a commitment intended to calm fears that the oil major will abandon the dwindling oil and gasfields of Britain.” (ShellNews.net) 13 Nov 04

THE TIMES (UK): Shell ready to face the heat in the Niger Delta: SHELL is battening down hatches and bracing itself for a bruising confrontation next week. Nothing out of the ordinary for the oil multinational, which over the past 11 months has become accustomed to high-volume vituperation. This time, however, the venue is Nigeria, not the City of London, and the subject is jobs, not vanishing oil reserves.”: “The question is: do we (Shell) live by our business principles.” (ShellNews.net) 13 Nov 04

Related Report on Nigeria: ShellNews.net: LEAKED SHELL CONFIDENTIAL INTERNAL REPORT ON SHELL’S ACTIVITIES IN NIGERIA: “PEACE AND SECURITY IN THE NIGER DELTA”.

allAfrica.com: PENGASSAN Accuses Shell of Flouting House Order: “…frowned at the management of Shell over their court injunction at the Federal High Court against the union despite an agreement reached by both parties on the 18th of October 2004…” (ShellNews.net) Posted 13 Nov 04

THE TIMES (UK): Finding a way out of the bunker: “It is a billion-dollar-a-year business, says Chris Finlayson, chairman of Shell in Nigeria. About 50,000 barrels are being siphoned daily from the web of pipes that link hundreds of wells to Shell’s terminals at Bonny and Forcados.” (ShellNews.net) 13 Nov 04

THE TIMES (UK): Need to Know: Global Business Briefing: “Shell is sending drill rigs towards the Atlantic to try to counter dwindling North Sea oil and gas production.” (ShellNews.net) 13 Nov 04

Daily Telegraph (UK): Honest John’s Agony column: “Switch to – and stick with – Shell Optimax. It might cost more than the stuff you’ve been using, but there are valid reasons for that.” (ShellNews.net) 13 Nov 04

The Guardian: Bid talk sends ITnet soaring: “Desire Petroleum continued its rampant rise. The stock gained 4p to 61.5p – it started the year at 10p – on hopes the oil exploration firm, which has sites off the Falkland Islands, is poised to link-up with an oil major. Whispers around the City have hinted at Shell as a possible partner.” (ShellNews.net) 13 Nov 04

Daily Telegraph (UK): Tiof field holds key to Cairn: “Oil wild-catters, dedicated to sniffing out oil reserves in the world’s most uninhabitable places, have had a gushing year. Cairn is the leader, having outwitted its rival, Shell, to strike black gold in India. The enormous find, plus the high oil price, catapulted Cairn into the FTSE 100.” (ShellNews.net) 13 Nov 04

Financial Times: Chilly quest for hot opportunities in oil fields (ShellNews.net) 13 Nov 04

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