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SHELL NEWS ARCHIVE 17 NOVEMBER 2005

FROM OUR SHELL NEWS ARCHIVE 17 NOVEMBER 2005

ShellNews.net: Rattled Shell management swamped with bad news, issues threat following President Putin’s Sakhalin2 tirade: Thursday 17 November 2005: 03.00am EDT: READ

FOX NEWS: Dems: Oil Execs Lied at Senate Hearing: “Spokesmen for Shell and ExxonMobil reached Wednesday stood by their executives’ statements last week.”: Thursday 17 November 2005: READ

Edubourse.com/La Société: Shell Exploration & Production expands its South Texas asset: Thursday 17 November 2005: READ

Legal Week: Herbies celebrates as FSA clears ex-Shell boss Watts: “The move saw the FSA’s regulatory decision committee (RDC) reject the call of the City watchdog’s own enforcement division to subject Watts to further investigation.”: “Watts continues to be investigated by the Securities and Exchange Commission in the US, where he has instructed Mayer Brown Rowe & Maw.”: Thursday 17 November 2005: READ

Bloomberg: Koizumi Wants to Resolve Island Dispute With Putin: “In Sakhalin, Japanese companies are investing in at least two of five oil and gas projects that may spend $50 billion to supply Northeast Asia and the U.S. Exxon Mobil Corp., BP Plc and Royal Dutch Shell Plc, the biggest publicly traded oil companies, lead three of the ventures.” (Update1) Nov. 17 2005: READ

Irish Times: Shell accused of ‘underhand tactics’ in survey: “Mark Garavan, spokesman for the Shell to Sea group, said that the group was most concerned about people being misled.”: Thursday November 17, 2005: READ
 
THE WALL STREET JOURNAL: Oil Executives Could Face Probe Of Their Testimony to Congress: “Sen. Frank R. Lautenberg called on the Justice Department to launch an “immediate criminal investigation” into whether executives at five major oil companies lied to Congress.”: “…to investigate the testimony by top officials of Exxon Mobil Corp., Chevron Corp., ConocoPhillips, Royal Dutch Shell PLC and BP America…”: Thursday 17 Nov 2005: READ
 
Washington Post: Document Says Oil Chiefs Met With Cheney Task Force: “A White House document shows that executives from big oil companies met with Vice President Cheney’s energy task force in 2001 — something long suspected by environmentalists but denied as recently as last week by industry officials testifying before Congress.”: Posted Thursday 17 November 2005: READ
 
The New York Times: East Timor PM Says Greater Sunrise Revenue Deal Close: “Greater Sunrise operator, Australia’s Woodside Petroleum Ltd., froze the $5 billion project in December last year after sea border talks between East Timor and Australia collapsed over the biggest gas resource in the Timor Sea.”: “Woodside is 34 percent-owned by Shell.”: Thursday 17 Nov 2005: READ
 
The Guardian (UK): Leak raises doubts about Cheney’s industry links Thursday November 17, 2005: READ
 
Asia Pulse: INDIA’S HPCL MAY PICK UP STAKE IN SHELL’S LNG TERMINAL: “State-run Hindustan Petroleum Corporation Ltd on Wednesday said it was at an advanced stage of talks with Shell India for picking up stake in its Hazira LNG terminal in Gujarat and a deal was possible this fiscal year.”: Thursday November 17, 2005: READ
 
Kyodo News Service: Capital investments worth more than $5 billion were injected into China’s southern Guangdong Province in the last two years, the provincial governor said Thursday. “…the Shell Group also invested $4.3 billion in its petrochemical operation that is to start by the end of year.”: Thursday November 17, 2005: READ
 
Reuters: Oil company officials accused of lying to Congress: “At a Senate hearing last week on record oil profits, Democrat Frank Lautenberg of New Jersey asked five executives: “Did your company or any representatives in your companies participate in Vice President Cheney’s energy force in 2001?” Each executive answered the question in the negative. However, the Washington Post reported on Wednesday that a White House document showed some firms did in fact meet with the task force. It said the document showed officials from Exxon Mobil Corp. Conoco, Shell Oil Co., whose executives testified at last week’s Senate hearing, met with Cheney aides. Posted Thursday 17 November 2005: READ
 
The New York Times: Oil Execs Met Cheney Task Force: WP: “The newspaper said the document shows that officials from Exxon MobilCorp., Conoco (before its merger with Phillips), Shell Oil Co. and BP America Inc. met with the Cheney aides.”: “During a Senate hearing last week, chief executives of the major oil companies either denied that their firms participated in the task force or that they did not know, the newspaper said.”: Posted Thursday 17 November 2005: READ
 
Financial Times: Oil and gas supermajors struggle to produce: Posted Thursday 17 November 2005: READ
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