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Royal Dutch Shell News Tuesday, 8 March 2005

Royal Dutch Shell News Tuesday, 8 March 2005

THE WALL STREET JOURNAL: Thousands Flee Nigerian Violence Over Oil Revenues: “…the fighting was over who should receive benefits from Royal Dutch/Shell…” (ShellNews.net) 8 March 05

THE SCOTSMAN:Shell Plans Unmanned Petrol Stations(ShellNews.net) 8 March 05

THE WALL STREET JOURNAL: Shell’s Draugen May Be Shut Rest Of Wk-Norway Govt (ShellNews.net) 8 march 05

BLOOMBERG: Shell Final Audit Shows 2002 Reserves Overstated 41% (Update2): “Royal Dutch/Shell Group, Europe’s second-largest oil company, reported its oil and gas reserves as of 2002 had been overstated by 41 percent, the culmination of five cuts that led to investor lawsuits, the loss of three senior executives and more than $150 million of fines.”: “The U.S. Justice Department is conducting a criminal inquiry of the matter. Shell last year lost its AAA credit ratings because of the reserves restatements.” (ShellNews.net) Posted 8 March 05

THE WALL STREET JOURNAL: Malaysia, Indonesia To Settle Oil Dispute Peacefully: “The leaders of Malaysia and Indonesia agreed Monday to diplomatically resolve a growing dispute over an offshore oil field in an area where both countries have sent warships and planes in recent days.”: “The latest problems with the oil field began when Malaysia’s national oil company, Petronas, awarded production-sharing contracts in February to two of Shell’s Malaysian units and to Petronas Carigali Sdn. Bhd. for two deep-water blocks.” (ShellNews.net) Posted 8 March 05

The Guardian (UK): Investors challenge Shell chief’s pay: “Investors are thought to be anxious not to exert too much pressure on Shell, which has worked hard to repair its relationship with shareholders after last year’s reserving scandal.” (ShellNews.net) 8 March 05

THE TIMES (LONDON): A charter for Africa’s barefoot entrepreneurs: “Enterprise Solutions to Poverty*, the short report by the Shell Foundation, should be required reading in Downing Street.” (ShellNews.net) 8 March 05

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