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Shell News Archive Monday 6 December, 2004

Shell News Archive Monday 6 December, 2004

Yahoo! Business News: Press Release Source: Shell Oil Products US: All Shell Gasolines Meet ‘Top Tier’ Gasoline Standard Introduced by BMW, General Motors, Honda and Toyota ( 6 Dec 04 Shell Issues Bakersfield Refinery Sales Process Update #2: “Shell Oil Products US today announced that it has reached an agreement with the U.S. Environmental Protection Agency and the Department of Justice on modifications to a consent decree that would allow the Shell Bakersfield Refinery to operate through March 31, 2005” ( 6 Dec 04

THE WALL STREET JOURNAL: Shell CEO Repeats Review Complete By Yr End – CNBC: “Commenting on recent rumors of a possible mega-merger within the oil industry, van der Veer said the company never comments on speculation but that such talk indicates that Shell’s reputation isn’t yet fully restored following the reserves debacle.” ( 6 Dec 04

BLOOMBERG: Shell Says Gazprom Enlargement Benefits Russia Energy (Update2): “Royal Dutch/Shell Group’s chief executive said a planned expansion of OAO Gazprom to dominate the energy industry in Russia may benefit Western companies working in the country, the world’s largest oil and gas producer.”: “Shell Chief Executive Officer Jeroen van der Veer said, in an interview today in Paris. Gazprom is “the crown jewel that’s very important for the future of the country.” ( 6 Dec 04

THE WALL STREET JOURNAL: Shell Confirms 70,000 B/D Nigeria Output Lost On Protest: “A spokesman for Royal Dutch/Shell Group (RD, SC) in Nigeria confirmed Monday that 70,000 barrels a day of oil production had been lost on a protest by community members.”: “The shutdowns could worsen the declining trend in Nigeria’s crude oil production, an oil industry analyst said.” ( 6 Dec 04

THE WALL STREET JOURNAL: Committee To Consider Demands Of Nigeria Oil Protesters: “Hundreds of protesting villagers from Kula community, including women and children, Sunday invaded two oil pumping facilities owned by Shell in the Ekulama oil fields” ( 6 Dec 04

THE WALL STREET JOURNAL: Statoil Reviews First Calgary Sale – Source: “Total (TOT), Royal Dutch/Shell (RD) and Houston-based Anadarko Petroleum Corp. (APC) have also shown a preliminary interest in bidding for First Calgary, the Financial Times said. A Statoil spokesman declined to comment. Shell and Total also declined comment.” ( 6 Dec 04

Daily Telegraph (UK): Shell raids likely to drive up oil prices: “Nigerian rebels yesterday seized three oil platforms operated by Shell and Chevron Texaco, shutting down production of 90,000 barrels of oil a day, the company said.” ( 6 Dec 04

Asia Pulse (India): ROYAL DUTCH/SHELL TO IMPORT LNG BY FIRST QUARTER OF 2005: “Royal Dutch/Shell on Friday said it will begin importing liquefied natural gas (LNG) at its Hazira terminal in Gujarat by first quarter of 2005 and is looking at sourcing the fuel from Malaysia, Australia, Brunei, Oman or Nigeria…” ( 6 Dec 04

Financial Times: Statoil eyes potential bid for FCP: “Statoil, the Norwegian energy group, has emerged as a leading contender in the impending auction of First Calgary Petroleums (FCP), a Canadian independent with extensive oil and gas interests in Algeria.”: “Total of France, Royal Dutch/Shell, and Houston-based Anadarko have also expressed preliminary interest in making a bid for FCP, according to people familiar with the matter” ( 6 Dec 04

HOUSTON CHRONICLE: Niger Delta’s oil curse: As U.S. dependence on the country’s petroleum exports grows, the West African nation’s corrupt officials get rich while its poor seethe: “An OPEC member, Nigeria is the world’s seventh-largest oil producer.” ( 6 Dec 04

HOUSTON CHRONICLE: HIGH COST OF ENERGY: NIGERIA: Politics of oil inflame age-old delta hatreds: Government and militias skirmish over control of vital oil fields: “…lately, oil has infused nearly every fight in the delta, a region that has made Nigeria the fifth-most important source of U.S. petroleum imports.” ( 6 Dec 04

The Guardian (UK): Nigerian villagers seize Shell oil platforms: “Hundreds of unarmed Nigerian villagers, including women and children, seized three oil platforms operated by Shell and ChevronTexaco yesterday, shutting 90,000 barrels a day of production in a jobs dispute.” ( 6 Dec 04

BBC News, Lagos: Villagers hold Nigeria oil plants: “Last month, over 80 protesters occupied a rig operated by Shell contractors in neighbouring Delta state and 17 people were injured when soldiers opened fire. Journalists were later shown the graves of seven men who were reportedly shot dead in the incident, but the army denied that anyone was killed.”: “The Delta region holds the bulk of Nigeria oil reserves” ( 6 Dec 04

Financial Times: FSA seeks news of Shell trio: The FSA has been investigating Shell since it admitted this year that it had overstated its proved oil and gas reserves by 25 per cent. Shell has already been fined £17m by the FSA for market abuse and breaching listing rules as well as $120m (£61.7m) by the US Securities and Exchange Commission.”: “The City watchdog is seeking details of what three former executives said to investors during meetings as part of a continuing probe into events that led to the trio’s resignation.” ( 6 Dec 04 (New Zealand): Petrol prices drop 5c per litre: “Shell was the first to announce cuts this morning, saying today’s drop, effective at 9am, reflects a drop in world oil prices at the weekend. ( 6 Dec 04 and its sister non-profit websites,,,,,, and are owned by John Donovan. There is also a Wikipedia feature.

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