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Royal Dutch Shell News Monday, 11 April 2005

Royal Dutch Shell News Monday, 11 April 2005

Reuters: Shell wants level playing field in Russia: “Royal Dutch/Shell Group has called on the Kremlin not to discriminate against foreign oil companies when it awards contracts to exploit the nation’s oil resources.” ( 11 April 05

Yahoo Business News: Royal Dutch/Shell says held ‘very positive talks’ with Gazprom over gas projects: “Royal Dutch/Shell Group has had ‘very positive discussions’ with Russian group OAO Gazprom over a cooperation in various gas projects, according to John Barry, chief executive of Anglo-Dutch group’s Russian operations. ‘I can confirm that our chief executive (Jeroen van der Veer) met with Gazprom officials last Thursday, and the meeting was very positive’… ( 11 April 05

THE WALL STREET JOURNAL: Australia’s Woodside: Not Aware Of Shell’s Intentions: “Recent media speculation, sparked by a report from investment bank UBS, has focussed on the possibility of Royal Dutch/Shell Group revisiting its A$10 billion-plus bid for Woodside which Canberra rejected in 2001 as being against the national interest.” ( 11 April 05

THE WALL STREET JOURNAL: Shell’s Gorgon LNG Deal Worth More Than US$10B: “A deal to sell liquefied natural gas from the Gorgon project offshore Western Australia to a Mexico receiving terminal is worth more than US$10 billion, project partner Royal Dutch/Shell (RD) said Monday” ( Posted 11 April 05 (Australia): Shell to sell gas to US in $10b deal: “Most of the gas will be used to satisfy Mexico’s growing energy needs, with the excess to be exported to California in the United States, where there is also a requirement for new natural gas supply sources.” ( 11 April 05 (Australia): Shell LNG deal set to ease reserves troubles: “The Gorgon booking alone accounted for 14 percent of the resulting reserves cut. Top executives were sacked, and the scandal triggered a full-scale corporate restructuring.” ( 11 April 05

FINANCIAL TIMES: Trust fund: “BG and Murphy Oil are obvious targets.”: “Shell and second-tier players like ConocoPhillips – which cut production growth targets last week – might be tempted. Either way, with Arabia’s treasures still firmly off-limits, fear of dwindling reserves is causing the post-1998 consensus to crumble. Shareholders’ trust will be tested.” ( 11 April 05 and its sister websites,,,,, and are all owned by John Donovan. There is also a Wikipedia article.

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