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May 3rd, 2005:

The Guardian: Europe adapts to globalisation and investor unrest

The Guardian (UK): Europe adapts to globalisation and investor unrest

David Gow

Tuesday May 3, 2005

Corporate governance reforms along British lines are being forced on companies throughout Europe by governments and investors to make them adapt to the growing international convergence of capital markets, accounting standards and ethical codes.

It follows shareholder unrest at companies such as Deutsche Börse, Carrefour and the Swiss food group Nestlé, where almost two-fifths of shareholders voted against board proposals to give Peter Brabeck a dual mandate as chairman and chief executive. read more

This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

THE NEW YORK TIMES: Oil giants empowered, majors weakened

THE NEW YORK TIMES: Oil giants empowered, majors weakened

3 May 2005

By REUTERS

PARIS (Reuters) – State-owned oil giants in producing nations are cementing control over much of the world’s reserves, intensifying fears too little investment will be made in new energy supplies.

Barriers to foreign investment in the world’s biggest oil producers are expected to be among issues broached at a two-day ministerial conference of the International Energy Agency starting in Paris on Monday.

As today’s high prices resolve the single biggest problem for producers’ national oil companies (NOCs) — low returns on capital — the multinational majors face an uphill struggle to gain access to new sources of supply. read more

This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

New Zealand Herald: Gasfield row erupts into Appeal Court

New Zealand Herald: Gasfield row erupts into Appeal Court

Chris Daniels

May 03, 2005

A dispute between owners of New Zealand’s biggest gas prospect has erupted into Court of Appeal litigation.

The offshore Pohokura field is owned by Shell (48 per cent), OMV (26 per cent) and local energy company Todd.

Todd and Shell have fallen out over their joint-venture company, Shell Todd Oil Services (STOS), which is the field’s operator.

Pohokura has an estimated 750 petajoules of gas – about half of New Zealandýs known gas reserves – with Shell owning 48 per cent, and OMV and Todd each owning 26 per cent. read more

This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

THE WALL STREET JOURNAL: Shell To Delay Repairs To Mars Tension Leg Platform

THE WALL STREET JOURNAL: Shell To Delay Repairs To Mars Tension Leg Platform

DOW JONES NEWSWIRES

May 3, 2005

NEW YORK — Royal Dutch/Shell Group (RD,SC) unit Shell Exploration & Production Co. has for the second time delayed repairs planned for its Mars oil and gas platform in the Gulf of Mexico.

In a press release Tuesday, Shell attributed the delays to “loop currents” – water flows that can delay oil industry activity in the Gulf. Repairs are to be made to the flexijoints. Leaks in the joints forced the platform to shut down for a month a year ago. read more

This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

BBC NEWS: Shell forges Libyan gas agreement

BBC NEWS: Shell forges Libyan gas agreement

3 May 2005

Investors in Shell said they welcomed the Libyan deal.

Shell has agreed a major gas exploration and development deal with Libya and its state oil company.

The deal could eventually see Shell producing more than 100 million barrels of oil equivalent from the country.

Anglo-Dutch firm Shell will spend $105m-$450m (£55.5m-£238m) on upgrading a Libyan gas plant and $187m on exploration.

The deal is seen as key for Shell, as it tries to rebuild investor trust after overstating its reserves. read more

This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

THE WALL STREET JOURNAL: Shell to Return to Libya With Natural-Gas Deal

THE WALL STREET JOURNAL: Shell to Return to Libya With Natural-Gas Deal

By BENOIT FAUCON

DOW JONES NEWSWIRES

May 3, 2005

LONDON — Royal Dutch/Shell Group Monday said it reached a comprehensive agreement for natural-gas exploration and liquefaction with Libya’s National Oil Co., its first major project in the country in 30 years.

The return to Libya may help boost the oil major’s dwindling reserves and strengthen its position as the world’s largest producer of liquefied natural gas, or LNG. read more

This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Reuters: Shell agrees gas exploration deal with Libya

Reuters: Shell agrees gas exploration deal with Libya

Tue May 3, 2005

By Emma Thomasson and Tom Bergin

AMSTERDAM/LONDON (Reuters) – Oil giant Royal Dutch/Shell Group has agreed a deal with Libya that will allow it to drill for natural gas and develop gas export facilities in the former pariah state.

Shell, which is grappling with falling production and dwindling oil and gas reserves, said on Tuesday that the deal was an important step in rebuilding its resource base.

The deal also shows how Libya’s massive hydrocarbon reserves are facilitating its reintegration into the international community, as tight oil supplies send prices to record levels. read more

This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.