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Royal Dutch Shell News Friday, 4 March 2005

Royal Dutch Shell News Friday, 4 March 2005

FINANCIAL TIMES: Malaysia seeks end to dispute on oil with Indonesia: “Malaysia said yesterday it would seek talks to end a dispute with Indonesia over potentially oil-rich waters off Borneo after Jakarta took the unusual step of sending warships to the area.”: “Malaysia and Indonesia claim sovereignty over the waters in the Sulawesi Sea. The dispute has been stoked by a decision last month by Petronas, the Malaysian state oil group, to award exploration rights to Shell, the Anglo-Dutch oil group.” (ShellNews.net) 4 March 05

Expansion: Repsol’s Shell Gas purchase approved (Bruselas autoriza a Repsol Butano la compra de Shell Gas): “Spanish petrochemicals group Repsol YPF yesterday received the authorisation of the European Commission to acquire Shell Gas, the Portuguese LPG division of UK oil group Shell…” (ShellNews.net) 4 March 05

FINANCIAL TIMES: Majors covet Unocal while wary of China: “Cnooc’s interest has prompted a number of large international rivals – including Royal Dutch/Shell, BP, Eni, ChevronTexaco and a handful of US “independents” – to consider making offers of their own…” (ShellNews.net) 4 March 05

THE WALL STREET JOURNAL: FERC OKs $4M Settlement With Coral Energy: “The Federal Energy Regulatory Commission Thursday approved a $4 million settlement with Royal Dutch/Shell Group affiliate Coral Energy Resources L.P. that resolves an investigation into whether a trader at the company provided inaccurate information…”: “This settlement sends an important message to the industry,” said FERC Chairman Patrick Wood, III in a statement. “We expect the companies we regulate to be completely forthright and honest in their dealings with the Commission.” (ShellNews.net) Posted 4 March 05

THE WALL STREET JOURNAL: EU OKs Repsol Buy Of Shell LPG Operations In Portugal: “The European Union Commission Thursday cleared Spanish oil giant Repsol YPF SA’s acquisition of Shell Transport & Trading Co. PLC’s Portuguese liquid petroleum gas operations” (ShellNews.net) Posted 4 March 05

THE WALL STREET JOURNAL: Nigerian Pres: Oil Block Licensing To Be Held In July: “The president’s comments came against the background of increasing protests by communities in oil producing regions demanding a bigger share of oil profits. Operations of oil majors including local units of Royal Dutch Shell, ChevronTexaco, have been disrupted by these protests, sometimes leading to shut-in of production.” (ShellNews.net) Posted 4 March 05

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