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Shell News Wednesday, 19 January 2005

Shell News Wednesday, 19 January 2005

FINANCIAL TIMES: Black gold: “Royal Dutch/Shell’s drive to recruit more than 1,000 engineers in exploration and production (EP), revealed in yesterday’s FT, has an added wrinkle in the US…” ( 19 Jan 05

FINANCIAL TIMES: Big potential profits outweigh high risks: “The reserves problem is just one of a host of issues facing Shell in Nigeria as it tries to restore its stock market reputation. ( 19 Jan 05

FINANCIAL TIMES: FSA sounds warning of threat from international regulation: “Also pending before the tribunal is the case of Sir Philip Watts, former chairman of Royal Dutch/Shell, who claims he was “identified and prejudiced” when the FSA fined the oil company £17m for its conduct during the debacle over the size of its reserves.” ( 19 Jan 05

The Guardian: Energy: Shell hires 1,000 more engineers: “Auditors have questioned the status of 900m barrels of oil and gas stocks and Shell is expected to provide an update alongside its annual results on February 3.” ( 19 Jan 05

FINANCIAL TIMES: Shell outlines strategy to restore its reputation: “Many investors blamed the reserves scandal on a lack of direct lines of responsibility, a criticism that led to the dismantling of the company’s century-old, dual-board structure in October.” ( 19 Jan 05

FINANCIAL TIMES: Group might miss flare deadline: “Royal Dutch/Shell might miss a high-profile Nigerian official target to end the environmentally damaging practice of burning off waste gas by 2008, according to the troubled oil group’s joint top Africa-based executive.”: “Shell’s performance in Nigeria is critical to attempts to restore its fortunes after the disastrous 4.47bn barrel write-down in proven reserves last year. Nigeria accounts for an estimated 10 per cent of Shell’s worldwide production” ( 19 Jan 05

THE WALL STREET JOURNAL: Shell US Appointment Latest Step To Rebuild Reputation: “Shell’s reserves scandal has dominated news about the company…” ( Posted 19 Jan 05

THE WALL STREET JOURNAL: Shell Plans Huge Increase in Engineer Ranks: “The scandal prompted the departure of top executives and a long-resisted corporate restructuring”  ( 19 Jan 05 and its sister websites,,,,, and are all owned by John Donovan. There is also a Wikipedia article.

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