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Royal Dutch Shell News Tuesday, 22 March 2005

Royal Dutch Shell News Tuesday, 22 March 2005

allAfrica.com: Shell Makes New Oil Discovery in Bonga Field(ShellNews.net) 22 March 05

FINANCIAL TIMES: Nigerian oil unions prepare to strike: “Two main unions said they would give the state energy company, NNPC, and Royal Dutch/Shell, Nigeria’s biggest oil producer, two weeks after the initial strike to stop job cuts made without consulting the unions, or they could strike again.” (ShellNews.net) 22 March 05

adweek.com: Shell Revises Media Review Timetable: “NEW YORK Shell Group said it has revised the timetable for final presentations and a decision in the review for its $240 million global media account.” (ShellNews.net) Posted 22 March 05

Bloomberg: Shell, India Fuel Sellers May Spend $1 Bln on Outlets (ShellNews.net) 22 March 05

AFX Europe (Focus): Royal Dutch/Shell, Kuwait Petroleum in global strategic partnership: “”This strategic partnership will seek opportunities around the world for leveraging Shell’s global downstream experience with Kuwait’s hydrocarbon resources and growing downstream investments,” said Rob Routs, Shell Executive Director Downstream.” (ShellNews.net) 22 March 05

Reuters: Shell, Kuwait sign pact to seek China, India deals: “KPI said it hoped the deal could pave the way for new refineries to handle heavy Kuwaiti crude, something which would ease a key bottleneck in the global oil market.” (ShellNews.net) 22 March 05

THE WALL STREET JOURNAL: Shell Strikes Downstream Alliance With Kuwait: “A Shell spokeswoman said the two partners will explore future opportunities within the whole downstream value chain, from refining crude to retail fuel sales.” (ShellNews.net) 22 March 05

Business Wire: Datawave Completes Roll-Out of Posa Technology to Shell Stores Across Canada: “This technology allows the stores sell a wide range of prepaid products, including long distance and cellular time” (ShellNews.net) 22 March 05

THE WALL STREET JOURNAL: U.K. Fund Managers Beef Up Shell Stakes Ahead of Reshuffling: “Shell was wrestling with a drawn-out accounting scandal, and its share price languished. But since Shell announced a restructuring in late October, the Anglo-Dutch oil giant has handily outdistanced rival BP. Are investors buying Shell’s turnaround story? Maybe not. (ShellNews.net) Posted 22 March 05

THE WALL STREET JOURNAL: Oil Fuels Unrest in Nigeria: “The demonstration forced Royal Dutch/Shell Group to evacuate staff and shut down production for a month, knocking out 10% of the company’s oil output in the country.” (ShellNews.net) Posted 22 March 05

THE WALL STREET JOURNAL: Argentina Esso, Shell See Sales Down After Price Hikes: “The Argentine units of Royal Dutch/Shell Group… have seen pump sales drop 38%… since the companies raised prices earlier this month.” (ShellNews.net) Posted 22 March 05

Business World: Shell takes Mayo landowners to court: “The case began on Friday and will resume on Wednesday of this week”: (ShellNews.net) Posted 22 March 05

ABC.net (Australia): Tainted fuel leaves PNG air passengers grounded: “Their major fuel supplier, Shell PNG, says the most recent shipment of fuel did not pass international aviation gas standards.” (ShellNews.net) 22 March 05

The National (Papua New Guinea): Shell announces contingency plan: “Shell commercial manager Peter Walsh said yesterday that the diversion would only be able to supply aviation fuel for up to 20 days. The shortage issue however will not affect any other fuels supplied by Shell, the company said.”  (ShellNews.net) 22 March 05

Reuters: Tax hike could halt Nigerian oil projects – Shell: “A proposed hike in Nigerian oil taxes could halt new offshore oil projects just as the country is trying to attract new investors, Royal Dutch/Shell said on Monday.” (ShellNews.net) Posted 22 March 05

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