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Royal Dutch Shell News Wednesday, 23 March 2005

Royal Dutch Shell News Wednesday, 23 March 2005

TomDispatch.com: The Energy Crunch to Come, Soaring Oil Profits, Declining Discoveries, and Danger Signs: “Royal Dutch/Shell, already reeling from admissions last year that it had over-stated its oil and natural gas reserves by 20%, recently lowered its estimated holdings by another 10%, bringing its net loss to the equivalent of 5.3 billion barrels of oil. Even more worrisome, Shell announced in February that it had replaced only about 45-55% of the oil and gas it produced in 2004, an unexpectedly disappointing figure.” (ShellNews.net) 23 March 05

THE WALL STREET JOURNAL: Shell and Kuwait Team Up to Focus On India, China (ShellNews.net) 23 March 05

FINANCIAL TIMES: Shell is following BP with Kuwait Petroleum venture: “BP leads one of the consortia while Shell is part of a rival bidding team led by ExxonMobil. ChevronTexaco leads the third consortium.” (ShellNews.net) 23 March 05

The Guardian (UK): Fight to the death: As the 10th anniversary of the execution of Ken Saro-Wiwa approaches, William Boyd remembers a courageous friend and fellow writer who took on Shell and the Nigerian government: “He became a David who challenged two redoubtable Goliaths: a multinational oil company and a corrupt military regime”: “He built a case against Shell and the Nigerian government that was impossible to refute” (ShellNews.net) 23 March 05

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