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Shell News Archive Tuesday, 11 January 2005

Jan 11th, 2005
by John Donovan.

Shell News Archive Tuesday, 11 January 2005

THE WALL STREET JOURNAL: Energy-Price Volatility Returns Due to Output Outages, Weather: “strong winds last week damaged a structure used by Royal Dutch/Shell Group to load tankers at the Draugen field in the Norwegian Sea. Shell shut down the field’s 140,000-barrel-a-day output Friday after bad weather kept it from repairing the structure”: “…the company still had 72,000 barrels a day off line in Nigeria, despite an agreement last week between government officials and local protesters to lift an effective ban on production in one area of the Niger Delta. A separate, unrelated protest has recently shut down another 7,000 barrels a day of Shell oil from Nigeria…” (ShellNews.net) 11 Jan 05

THE LONDON TIMES: Need to Know: Global Business Briefing: “Shell, the UK oil giant, has halted 140,000 barrels of daily production at its Draugen field in the North Sea because stormy weather is hampering platform repair work.” (ShellNews.net) 11 Jan 05

THE LONDON TIMES: Stop Press: “Shell disposal: Royal Dutch/Shell continued its disposal of non-core assets with the sale of a 70,000 barrels-per-day refinery in California. The oil giant, which is disposing of assets no longer deemed strategic, has agreed a deal to sell the refinery to a private company.” (ShellNews.net) 11 Jan 05

The Guardian (UK): Northern Foods keeps to form by issuing profit alert: “Pat O’Driscoll, the new chief executive of Northern Foods, kept up an old habit when she issued a profit warning with her first major trading statement.”: “Asked whether bad luck had followed her from her previous employer, which has just been through its worst period in 100 years, she said: “I hope I have not brought the curse of Shell with me.” (ShellNews.net) 11 Jan 05

The Guardian: Davies finds a Seoul mate: “Shell has long been a master of the public relations gaffe, but few compare with the one aired on Saturday evening television, following a candid interview on climate change with likable company chairman Lord Oxburgh. Channel 4 presenter Marcel Theroux told millions of viewers that after his interview he had asked Shell’s PR staff when Lord O would retire: “Not soon enough” was the reported answer.” (ShellNews.net) 11 Jan 05

DAILY TELEGRAPH (UK): City diary: Keep a close eye on the minder: “A Channel 4 programme last Saturday, The End of the World as We Know It, featured an interview with the outgoing Shell chairman Lord Oxburgh.”: “…interviewer Marcel Theroux… asked Oxburgh’s minder when he was due to retire. “Not soon enough” came the reply…” (ShellNews.net) 11 Jan 05

THE WALL STREET JOURNAL: Could a Major Acquisition Rev Up Shell?: “The oil patch is abuzz over the possibility of deep-pocketed Chinese energy companies striking big takeover deals in the sector. But some industry watchers are keeping an eye on another possible suitor: Royal Dutch/Shell Group.”: “One possible fit: Unocal.”: “Shell faces obstacles, most notably its lack of credibility in the wake of the reserves scandal and other recent missteps.” (ShellNews.net) Posted 11 Jan 05

kesq.com: Shell’s Bakersfield refinery sold to Flying- Oil (ShellNews.net) 11 Jan 05

allAfrica.com: Royal Dutch/Shell Review Media Buying to Consolidate Global Account: “Shell’s media budget is estimated at $300 million.” (ShellNews.net) 11 Jan 05

Vanguard (Nigeria): Shell, ChevTex hand over oil fields to NPDC: “Shell Petroleum Development Company (SPDC) and ChevronTexaco Company have handed over the operation of some of the Joint Venture (JV) oil fields to the Nigerian Petroleum Development Company” (ShellNews.net) 11 Jan 05

THE WALL STREET JOURNAL: Shell: Shut-In Nigeria Oil Ops Running At 36% Capacity (ShellNews.net) Posted 11 Jan 05

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Posted in: Nigeria, Oil, Royal Dutch Shell Plc.

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