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Shell News Archive Thursday 2 December, 2004

Shell News Archive Thursday 2 December, 2004

THE WALL STREET JOURNAL: Nigerian Militants Prevent Repairs On Pipeline Leak-Shell: “Militants are stopping Royal Dutch/Shell Group (RD SC) from repairing an 18-inch pipeline in the Niger Delta leaking since Nov. 29, the company’s Nigeria unit said Thursday.” (ShellNews.net) 2 Dec04

ChinaView.cn: Shell reports oil spill in Nigeria’s troubled Niger Delta: “Oil multinational Royal Dutch/Shell said on Thursday an oil leak had occurred in Nigeria’s oil-producing Niger Delta region, but the volume of spill could not be determined as the company’s investigation efforts were frustrated by community militants.”: “The cause of pipeline-vandalism is considered as lack of jobs and poverty among those people whose average income is less than a dollar a day” (ShellNews.net) 2 Dec 04

THE WALL STREET JOURNAL: Woodside Petroleum May Be Takeover Target: Speculation Is That Shell Will Sell Its 34.3% Stake, Possibly to China’s Cnooc: “Shell Australia Chairman Tim Warren has chosen not to comment on the speculation, allowing analysts’ theories to flourish.” (ShellNews.net) 2 Dec 04

THE WALL STREET JOURNAL: Nigeria Lawmakers Threaten Sanctions Over Shell Pollution: “Nigerian lawmakers said Wednesday that they were considering penalties against the local subsidiary of Royal Dutch/Shell Group after the oil giant allegedly rejected a Senate demand to pay $1.5 billion for oil pollution.” (ShellNews.net) Posted 2 Dec 04

The Guardian (UK): Cadbury: Britain’s ‘most admired‘: “The award is made after a poll conducted by Nottingham Business School for Management Today magazine.”: “Among those whose respect ratings have plunged are Shell, down from 5th to 64th, and Morrisons, down from 9th to 75th place.” (ShellNews.net) 2 Dec 04

Daily Telegraph (UK): Tesco loses place in admiration stakes: “…Shell slumped from the top ten to 64th place after its fall from grace…” (ShellNews.net) 2 Dec 04

THE WALL STREET JOURNAL: Shell Energy Services CEO Makes Fitness a Priority at Work and Home (ShellNews.net) 2 Dec 04

BBC NEWS: Nigerian senators threaten Shell: “Shell is consulting its lawyers as Nigeria threatens to impose sanctions. Nigeria’s senate is to consider sanctions against Shell for failing to pay a $1.5bn (£775m) pollution penalty. The Dutch and UK oil company had until 23 November to make the payment for environmental damage caused by oil spillage in the Niger Delta region.”: “…the committee was also investigating Shell’s activities in Nigeria in the past four decades, and its impact on the Niger Delta.” (ShellNews.net) 2 Dec 04

allAfrica.com: Auditors Slam N.5bn Suit On Shell: “An accounting firm… has slammed a N500,000,000 suit against Shell Petroleum Development Company Limited (SPDC) over outstanding fees”: “The auditors averred that while the exercise was on, SPDC presented inaccurate data to the consultants…” (ShellNews.net) Posted 2 Dec 04

allAfrica.com: Obasanjo Moves to Reconcile Ogoni, Shell: “President Olusegun Obasanjo yesterday personally led the campaign to reconcile Ogoni people and Shell Petroleum Development Company (SPDC) Limited as part of his efforts to restore peace in the Niger Delta region.” (ShellNews.net) Posted 2 December 04

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