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Shell News Archive Friday 2 December, 2005

Shell News Archive Friday 2 December, 2005

Environmental Data Interactive, UK: Bank urged to reject Shell plan for Sakhalin (2 December 2005): “The management of the EBRD, which met this week, is thought to have postponed any decision on the project until the end of the year, with the board and staff of the bank reportedly divided on the matter.”: WWF say the project “makes a mockery” of the Equator Principles. “: Friday 2 December 2005: READ
Daily Telegraph: Big tax bill looms for BPB investors: “The news comes after thousands of British holders in Royal Dutch Petroleum were left with a similarly large tax bill after Shell restructured into one company this summer.”: “Angela Knight, Apcims’ chief executive, said: “The private investor is continually on the wrong side of these deals.”: Friday 2 December 2005: READ
Daily Telegraph: What BPB shareholders should do to earn respect: “You couldn’t make it up. For months concerns have been raised here about British shareholders in Royal Dutch Petroleum being saddled with a multi-million pound tax bill because of Shell’s corporate restructuring. Now another company is at it.”: Friday 2 December 2005: READ
Forbes/AFX News Limited: Shell, BP deepen links with Venezuela’s PDVSA: “In mid-August, the authorities briefly shut down Shell’s offices for 48 hours as tensions over the law mounted.”: “Under the accords signed yesterday, relating to the 2001 law, PDVSA will now have a controling stake of at least 51 pct in any ventures between the state-owned group and Shell and BP.”: Friday 2 December 2005: READ
Financial Times: Canberra settles E Timor oil row: “…companies involved in the project include Royal Dutch Shell and Japan’s Osaka Gas.”: Friday 2 December 2005: READ
The Times: Need to Know: “Royal Dutch Shell, the Anglo-Dutch oil giant, is to spend $100 million (£58 million) as part of an exploration joint venture in Ukraine with Naftogaz Ukrainy, the state-run group.”: Friday 2 December 2005: READ
Financial Times: Probe urged into oil meetings: “The top ranking Democrat in the US Senate yesterday called for an investigation into whether senior oil executives lied in testimony before Congress about meetings they held with Dick Cheney, vice-president, to discuss energy policy.”: Friday 2 December 2005: READ
The New York Times: Senate Democrats Demand Investigation of Oil Execs: “I find it deeply disturbing that energy company CEOs may have made false statements before Congress about their involvement in the secretive Cheney energy task force,” Reid said in a statement.”: “Shell Oil Co. President John Hofmeister said in a written response the company did not participate in the task force. ”However, Shell representatives did meet with the administration — including the Vice President and his staff — on a broad range of energy policy issues,” the executive said.”: Posted Friday 2 December 2005: READ
India Inforline News: Shell brings Scenarios to India: “The new Global Scenarios to 2025 bring clarity and simplicity on matters of high complexity” he added, quoting Shell CEO, Jeroen van der Veer.”: Posted Friday 2 December 2005: READ
Lloyds List: Audit demanded on Sakhalin costs: Rising expense of Shell project alarms Russian authorities, writes Martyn Wingrove: RUSSIAN authorities worried about delays to tax revenues have ordered an audit on the rising costs of Shell’s Sakhalin II project.”: ‘The Russian President Vladimir Putin is quite opposed to plans on the part of the Sakhalin II operator to make a substantial increase in the costs of the project.”: Friday Dec 02, 2005: READ and its sister websites,,,,, and are all owned by John Donovan. There is also a Wikipedia article.

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