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Shell News Archive Thursday 18 November, 2004

From our Shell News Archive Thursday 18 November, 2004

Daily Telegraph (UK): Fifty lessons: when a good decision goes bad: “David Varney chairman of HM Revenue and Customs”: “I was a managing director of Shell UK and was part of the board that made the decision to dump the oil platform Brent Spar in the North Atlantic.”: “…I was asked to manage the retreat, and spent the next three weeks leading a handpicked team of people inside Shell to pick our way through how to get out of the mess we’d got ourselves into.” ( 18 Nov 04

THE TIMES (UK): Russia’s Gazprom wants 10% of UK gas sales by 2010: GAZPROM, the giant Russian utility, has launched a campaign to secure control of a tenth of Britain’s gas market within five years.”: “The world’s largest gas company is squaring off against Britain’s traditional gas producers, notably BP, Total and Shell…” ( 18 Nov 04

Financial Times: Impasse halts Sunrise project: “Woodside Petroleum, Australia’s biggest oil and gas producer, said yesterday it would halt its investment in the A$6.6bn (US$5.1bn) Sunrise project in the Timor Sea following the breakdown of talks between Australia and East Timor over how to split the revenues.”: ”Royal Dutch/Shell, which has a 34 per cent stake in Woodside, also has a 26 per cent stake in Sunrise…” ( 18 Nov 04

THE TIMES (UK): Spanish win $2bn project in Algeria: “Beating off competition from BP, Shell, Total and ENI, the Spanish won the $2 billion (£1.1 billion) tender for Gassi Touil, a 30-year project to produce gas from the Sahara and freeze it for export.” ( 18 Nov 04

Friends of the Earth: Are corporations psychopaths? That’s the fascinating hypothesis of The Corporation, a powerful new documentary shedding light on the pivotal role of the corporation in the modern world.: “The film reveals that according to US law, corporations are defined as people. And bizarrely enough, if the corporation were a person it would fit all the World Health Organisation’s criteria for psychopaths, including reckless disregard for others, repeated lying and inability to experience guilt.”: “…activists descend on the home of Mark Moody-Stuart, then Shell chairman, who ends up calming them down with tea and biscuits” ( Posted 18 Nov 04

Houston Chronicle: Shell unloading gas pipelines in the Gulf: Enbridge to pay $613 million for high-return area: “Included in the purchase are Shell’s 50 percent interest in the Stingray pipeline, 80 percent interest in Garden Banks, 50 percent in the Nautilus pipeline, 100 percent of Mississippi Canyon, and 33.3 percent interest in the Destin line.” ( 18 Nov 04

The Reveille Online: Shell Co. donates to University: Coastal research lab to be built: “The University Department of Coast and Environment recently received $300,000 in donations from Shell Co. to establish a coastal environmental modeling lab.”: “The Shell donation allows researchers to take ideas about how the coast works, put them into computer code, run the code on high-powered machines and receive visual results.” ( Posted 18 Nov 04

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