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May 4th, 2005:

THE NEW YORK TIMES: Shell, Libya Reach Gas Exploration Deal

THE NEW YORK TIMES: Shell, Libya Reach Gas Exploration Deal

4 May 2005

By THE ASSOCIATED PRESS

LONDON (AP) — The Royal Dutch/Shell Group of Cos. said Tuesday it has reached a long-term agreement for a major gas exploration and development deal with Libya’s National Oil Corp.

Shell said the agreement covers the rejuvenation and upgrade of the existing liquefied natural gas plant at Marsa Al-Brega on the Libyan coast and the exploration and development of five areas located in the heart of Libya’s major oil and gas producing Sirte Basin.

Shell’s return to Libya — where it was active from the 1950s until 1974 and where it conducted exploration in the late 1980s — has been aided by the country’s improved ties with the West following its announcement in December 2003 that it would dismantle its chemical, nuclear and biological programs. read more

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THE NEW YORK TIMES: ChevronTexaco Overhauling Aid to Nigeria

THE NEW YORK TIMES: ChevronTexaco Overhauling Aid to Nigeria

4 May 2005

By THE ASSOCIATED PRESS

LAGOS, Nigeria (AP) — ChevronTexaco’s Nigerian subsidiary said Tuesday it would overhaul its aid projects in the country’s oil-rich south after finding much of the tens of millions of dollars spent yearly was fueling violence and wasted by corruption.

The U.S. multinational, which is the third-largest oil producer in OPEC member Nigeria, said its projects have stoked communal jealousy, contributing to unrest that has cost the company over half a billion dollars. 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.

Lloyds List: Halliburton wins Shell contract

Lloyds List: Halliburton wins Shell contract

4 May 2005

HALLIBURTON has secured a $24m contract from Shell Exploration ‘ Production to provide integrated drilling services in the Gulf of Mexico for two years.

The US contractor will be responsible for directional drilling and downhole measurement services for up to 40% of Shell’s requirements in the region over the next two years.

A jointly run real-time operations centre in Houston will be a key base of activities for Halliburton’s services to the Anglo-Dutch oil major.

‘The technology we will provide Shell will help them to meet their drilling challenges and maximise their reservoir delivery,’ said Brady Murphy, a vice-president with Halliburton. 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.

Shell hopes loss of Omani field is just a warning

FINANCIAL TIMES: Shell hopes loss of Omani field is just a warning

By James Boxell

Published: May 4 2005

Royal Dutch/Shell’s loss of the right to develop the Mukhaizna field in Oman is a serious blow to the oil company as it tries to recover from last year’s reserves overbooking scandal.

For although this part of Oman currently only produces 10,000 barrels of oil a day – minuscule compared with the 3.8m barrels Shell extracts around the world – Oman is Shell country.

Yet, having agreed a deal with Shell six months ago, the sultanate appeared to change its mind and this weekend handed the contract instead to Occidental Petroleum of the US. 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.

SHELL EXCITED BY LIBYAN GAS DEAL WITH ACCESS TO FIVE BLOCKS

FINANCIAL TIMES: SHELL EXCITED BY LIBYAN GAS DEAL WITH ACCESS TO FIVE BLOCKS

 By James Boxell

Published: May 4 2005

Royal Dutch/Shell has eased some of the disappointment about the loss of its Oman field by striking a gas exploration and development deal with Libya, its first big project in the energy-rich former pariah state for 30 years, writes James Boxell.

Shell will spend $105m (£55m) on renovating a liquefied natural gas plant on the Libyan coast and has been granted a licence to search for gas in five blocks in the Sirte basin, the country’s main energy-producing region. 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.

Shell plans to pump £340m into Libya for gas exports

THE TIMES: Shell plans to pump £340m into Libya for gas exports

4 May 05

By Carl Mortished, International Business Editor

SHELL has secured a foothold in the development of a Libyan gas export industry, agreeing to invest up to $637 million (£337 million) in the country that a year ago emerged from pariah status when its leader, Colonel Gaddafi, renounced weapons of mass destruction.

Shell has agreed to rejuvenate and upgrade a liquefied natural gas (LNG) plant on the Libyan coast in a deal that also gives the company the right to explore for gas in an area covering 20,000 square kilometres of the Sirte Basin, a major oil and gas producing region. 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 Guardian: Shell steps on the gas as Libya comes in from the cold

The Guardian: Shell steps on the gas as Libya comes in from the cold

Terry Macalister

Wednesday May 4, 2005

Shell announced plans yesterday to invest up to $637m (£335m) in Libya, the biggest new investment since the country came in from the political cold.

A landmark oil and gas agreement with Muammar Gadafy’s government will see up to $450m spent on potentially quadrupling the size of the Marsa al-Brega liquefied natural gas terminal. This could eventually lead to LNG being exported to Britain and is a tangible success for Tony Blair, who went to Libya 12 months ago to signal relations had thawed with the west. 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, BASF Near Plastics-Venture Sale

THE WALL STREET JOURNAL: Shell, BASF Near Plastics-Venture Sale

By JASON SINGER

Staff Reporter of THE WALL STREET JOURNAL

May 4, 2005; Page A20

Royal Dutch/Shell Group and BASF AG of Germany are close to agreeing on the sale of their joint plastics venture — a giant manufacturer of basic materials used in everything from diapers to auto parts — to an Indian group for more than €4 billion ($5.14 billion), according to people familiar with the matter.

Under terms being discussed, a consortium led by Haldia Petrochemicals, based in Calcutta, would buy Basell NV, transferring ownership of a global company that is integral in the manufacturing processes of thousands of household items. 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.