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Royal Dutch Shell News Thursday, 10 March 2005

Royal Dutch Shell News Thursday, 10 March 2005

London Evening Standard: Shell ready to return to India: “SHELL is eyeing a return to India just three years after deciding to quit and selling the field that transformed Cairn Energy for loose change.”: “Cairn paid it just $20m (£10.4m) to take control of a block in Rajasthan. Within two years it was announcing one of the biggest discoveries in the country! One billion barrels of oil. The find came just days after Shell’s devastating reserves crisis broke.” (ShellNews.net) Posted 10 March 05

FINANCIAL TIMES: Kirchner tells Argentines to boycott Shell: “Néstor Kirchner, Argentina’s president, on Thursday launched the fiercest attack yet on an internationally owned company, urging his country’s 36m people to boycott Royal Dutch/Shell, the Anglo-Dutch oil producer” (ShellNews.net) 10 March 05

Yahoo! News: Argentine president calls for boycott of Shell after company hikes prices: “As the president called for the boycott, some 300 militants who support him blocked traffic outside the Shell’s Buenos Aires offices and threatened to blockade all of the Anglo-Dutch company’s gasoline stations in Argentina…” (ShellNews.net) 10 March 05

Reuters: President tells Argentines to boycott Shell (ShellNews.net) 10 March 05

THE WALL STREET JOURNAL: Argentina’s Kirchner Urges Citizens To Boycott Shell Oil: “A day after criticizing the local unit of the Royal Dutch/Shell Group (RD, SC) for raising prices, Argentine President Nestor Kirchner urged citizens to boycott the company” (ShellNews.net) 10 March 05

FINANCIAL TIMES: Wild moose chase: “Chief Jim Boucher has a canny way of keeping Shell on its toes over an oil project near his tribal lands on the Athabasca river in northern Canada.” (ShellNews.net) 10 March 05

FINANCIAL TIMES: DEBATE RUMBLES ON OVER CALCULATION OF PROVED RESERVES: “BP had said… it replaced 78 per cent under the same Securities and Exchange Commission rules… Using the same guidelines, Royal Dutch/Shell replaced 15-25 per cent of its used reserves.” (ShellNews.net) 10 March 05

Asia Pulse: INDONESIAN PARLIAMENT TO SUMMON PETRONAS AND SHELL OVER AMBALAT (ShellNews.net) 10 March 05

BLOOMBERG: Shell May Shut Philippine Refinery, Citing Poor Profitability (ShellNews.net) 10 March 05

stuff.co.nz: Petrol price rise likely to pay for oil reserves – Shell (ShellNews.net) 10 March 05

AFX Asia (Focus): Shell unit, partners want to further explore area in western Philippines (ShellNews.net) 10 March 05

FINANCIAL TIMES: Long arm of the US regulator: “After corporate scandals and onerous new corporate governance rules, the US Securities and Exchange Commission is showing its teeth far beyond American shores.”: “SEC investigations into TV Azteca in Mexico, Ahold and Royal Dutch/Shell in the Netherlands, Spiegel in Germany and Vivendi in France, among others, have left executives in no doubt that the US regulator recognises no geographical boundaries” (ShellNews.net) 10 March 05

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