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Shell News Archive Wednesday 1 December, 2004

Shell News Archive Wednesday 1 December, 2004

Daily Telegraph: Prime Yukos oil field in line for Russian gas bid: “Russia’s massive gas monopoly Gazprom will bid for the prime Siberian oil field of troubled Yukos when a government-ordered fire sale takes place later this month…”: “Other potential bidders are said to include German power supplier E.On, China’s largest oil producer the China National Petroleum Corporation and Anglo-Dutch company Royal Dutch/Shell.” (ShellNews.net) 1 Dec 04

THE WALL STREET JOURNAL: Australia’s Woodside Driven By Renewed Takeover Talk: “Driven by rumors that Royal Dutch/Shell Group may quit its one-third stake in Woodside Petroleum Ltd: analysts speculated Wednesday that a A$16 billion bid for Australia’s biggest energy company could be looming.” (ShellNews.net) 1 Dec 04

Financial Times: Shell probes Nigeria killings allegations: “Shell, which initially said it had no evidence anyone had died in the incident, said it was “concerned” by media reports of the accusations made by local people in the town of Ojobo in the oil-rich Niger Delta.” (ShellNews.net) 1 Dec 04

Financial Times: Reporting is a global matter: By Mark Moody-Stuart: Anew era of corporate reporting moved a step closer last week when the Department of Trade and Industry issued guidelines on how companies should prepare an operating and financial review.”: “The government has rightly listened to business concerns over an unnecessarily legalistic approach and removed the requirement that directors make “due and careful inquiry” in preparing an OFR. That could have led directors… to open themselves to the risk of legal action.” (ShellNews.net) 1 Dec 04

Asia Pulse: SHELL MAY SELL STAKE IN AUSTRALIA’S WOODSIDE PETROLEUM: “The sting would be a third party bid for the whole of Woodside, and RD/Shell cannot be ruled out as a bidder,” Citigroup said.” (ShellNews.net) 1 Dec 04

The Guardian (UK): Calpers chief says corporations were out to get him: “In Britain, the fund has been on the offensive against opaque structures at Shell and opposed the appointment of James Murdoch at BSkyB.” (ShellNews.net) 1 Dec 04

allAfrica.com: We Are Putting a Lot of Money Into Nigeria — Shell MD: “MR. Basil Omiyi needs no introduction having made history as the first African to be appointed Managing Director of Shell Petroleum Development Company (SPDC), a multi-billion dollar business concern with vast interests in the Nigerian upstream oil and gas industry.” (ShellNews.net) Posted 1 Dec 04

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