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Shell News Archive Tuesday 16 November, 2004

From our Shell News Archive Tuesday 16 November, 2004

BBC2 TV “Newsnight”: Can Shell placate environmental critics? “Hilton Kelley claims Port Arthur has been “devastated by pollution”. “We had a great community one time,” says Hilton Kelley “Sandwich shops, taxi stands, nightclubs – we had all these things. Now it’s devastated by pollution. “Many of the residents have died from cancer – kids have moved away – they no longer want to live here.” Hilton, together with 1,200 residents of Port Arthur, has launched a class action lawsuit against Shell, claiming breach of environmental human rights. So what are the facts?” (ShellNews.net) Posted 16 Nov 04

Financial Times: Nigerian general strike suspended: “Nigeria’s three leading oil companies – Royal Dutch/ Shell, ExxonMobil and ChevronTexaco – declined to comment on whether they were taking emergency action to safeguard an export industry that accounts for 10 per cent of US crude supplies.” (ShellNews.net) 16 Nov 04

Financial Times: Dividends set to rise at Shell: “The planned restructuring at Royal Dutch/Shell will lead to a jump in dividend payments for shareholders next year as the group moves from half-year to quarterly payments.”: “There had been pressure on Shell to streamline its complicated corporate structure following the mis-statement of its oil reserves this year.” (ShellNews.net) Posted 16 Nov 04

YahooBusinessNews: Australia’s Woodside Petroleum signs cooperation agreement with Iraq: “Woodside Petroleum Ltd, majority owned by Royal Dutch Shell, said it has signed a two-year memorandum of cooperation with the Iraq Oil Ministry to evaluate potential oil and gas projects in the Kurdistan region in the north of the country.” (ShellNews.net) 16 Nov 04

THE WALL STREET JOURNAL: Australia’s Woodside Petroleum Signs Iraq Deal: “Last month Shell, a 34% shareholder in Woodside, said that it will help develop Iraq’s moribund natural gas sector. Shell and other oil majors are trying to secure Iraqi production contracts. The efforts have been hindered by continued instability in the wake of last year’s U.S.-led overthrow of Saddam Hussein.” (ShellNews.net) 16 Nov 04

Casper Star-Tribune: Shell tests technology to coax oil out of rocks underground: “DENVER (AP) — A stretch of private land 200 miles west of Denver is home to an ambitious research project that — if successful — could reduce the United States’ dependence on foreign oil. Energy giant Shell Oil Co., which owns the property, is using it for an experimental technology to extract oil from shale formations.” (ShellNews.net) 16 Nov 04

PRNewswire: Shell Marine Products (US) Company Awarded Significant Department of Defense Contract (ShellNews.net) 16 Nov 04

newratings.com: Royal Dutch/Shell “hold” (ShellNews.net) Posted 16 Nov 04

The Boston Globe: Mass. franchisees hit Shell in lawsuit: They say company tried to drive them out of business: “The case, brought by eight Massachusetts franchisees, could affect agreements with thousands of Shell franchise owners across the country.”: “Greenberg, of the Boston law firm Greenberg Traurig, argued that Shell’s goal was to drive independent operators out of business as part of a corporate strategy by the world’s third-largest oil company to boost profits by increasing the number of company-owned and operated gas stations.” (ShellNews.net) 16 Nov 04

The Boston Herald: Shell tried to shutter indy pumps, lawyer says: “A long-awaited trial, expected to last about three weeks, began with plaintiffs’ attorney Gary R. Greenberg arguing before a federal jury in opening statements that Shell was jacking up rents and wholesale gas prices in an attempt to take over dealers’ stations.” (ShellNews.net) 16 Nov 04

YahooBusinessNews: Shell to supply clean coal technology to China’s Shenhua, Ningxia Coal Group: “Shell said it believes it is important for China’s energy future for the country to process and burn coal in a cleaner, more environmentally sustainable way.China, the world’s second-largest oil consumer after the US, has been a net importer of oil for the last 10 years as domestic supplies fail to keep up with soaring demand. The country’s fast-growing economy is driving a rapid rise in energy consumption.” (ShellNews.net) 16 Nov 04

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