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June 27th, 2005:

Minneapolis Star Tribune: Court to consider gasoline price-fixing case

Minneapolis Star Tribune: Court to consider gasoline price-fixing case

Associated Press

June 27, 2005

WASHINGTON — The Supreme Court said Monday it would consider whether to dismiss a lawsuit accusing ChevronTexaco Corp. and Shell Oil Co. of improperly inflating gas prices in the late 1990s.

Justices will review a lower court ruling that allowed the class-action lawsuit by 23,000 gas station owners to proceed. The lawsuit accuses Shell and Texaco of setting up two joint ventures in 1998 to illegally fix gas prices.

The San Francisco-based 9th U.S. Circuit of Appeals ruled the suit should go to trial because of evidence suggesting the venture unfairly restrained trade. 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.

Washington Post: Court to decide Shell, Texaco gas case

Washington Post: Court to decide Shell, Texaco gas case

By James Vicini

Reuters

Monday, June 27, 2005

WASHINGTON (Reuters) – The U.S. Supreme Court said on Monday it would decide the antitrust liability of a joint venture that sets the same selling price for different brand products in a case involving a gasoline price-fixing lawsuit against Shell Oil Co. and Texaco Inc.

The justices agreed to hear appeals by the two oil companies of a U.S. appeals court ruling that the antitrust law’s automatic prohibition against price fixing applied to the economic arrangements under their two joint ventures. 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 AlertNet: Greenpeace protests against CSFB’s Sakhalin work

Reuters AlertNet: Greenpeace protests against CSFB’s Sakhalin work

Monday 27 Jun 2005

Source: Reuters

MOSCOW, June 27 (Reuters) – Greenpeace campaigners held a protest vigil outside Credit Suisse First Boston’s Moscow office on Monday against its involvement in a Shell-led energy project in the Russian Far East which they say threatens rare whales.

Around a dozen protesters in orange jumpsuits paraded outside CSFB’s Moscow office with signs that read “Stop financing Sakhalin oil” and “Nature is worth more than oil.” Other similar protests were planned in London and New York. 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.

Borneo Post: Sarawak Shell to retrieve fallen Super Puma

Borneo Post: Sarawak Shell to retrieve fallen Super Puma

Monday 27 June 2005

By George Francis

MIRI – Sarawak Shell Bhd has commenced operation to salvage a Super Puma helicopter that plunged into Bintulu waters, 11 kilometres before reaching its destination – B-11 gas production platform – on June 18.

A series of technical-logistical and strategic discussions had taken place before mobilisation on the scheduled offshore salvage operation.

The company, an exploration and production arm of Shell Malaysia has less than two weeks time to retrieve the chopper 100 metres below the water surface before its beacon signal fades. 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.

BLOOMBERG: Shell Investors to Approve Merger, Making Purchases Easier

BLOOMBERG: Shell Investors to Approve Merger, Making Purchases Easier

Monday 27 June 2005

June 27 (Bloomberg) — Shareholders of Royal Dutch/Shell Group, the third-largest publicly traded oil producer, are set to back a merger of its Dutch and British parent companies, ending a century-old dual ownership structure that has hindered takeovers.

Investors including Craig Pennington, head energy analyst at Schroders Plc in London, which holds more than 2 percent of Shell’s U.K. shares, said they back the combination, to be voted on at meetings in London and The Hague tomorrow. Shareholders will receive stock in Royal Dutch Shell Plc in place of current holdings in Royal Dutch Petroleum Co., which owned 60 percent of the group, and Shell Transport & Trading Co., which held the rest. 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.

Bid Puts New Focus on China’s Oils

BARRON’SOnline: Bid Puts New Focus on China’s Oils

Monday 27 June 2005

By LESLIE P. NORTON

Emerging Markets

EVER SINCE ITS INITIAL public offering in 2001, China National Offshore Oil Corp., or Cnooc (ticker: CEO), has traded at a premium to the better- known PetroChina (PTR), notwithstanding billionaire Warren Buffett’s stake in the latter.

Growth prospects for Cnooc, which explores offshore for oil and gas, were perceived as superior. PetroChina was saddled with mature fields and difficult-to-extract reserves, as well as thousands of gas stations subject to price controls. The other Chinese oil stock, downstream play Sinopec (SNP), historically has traded at a discount to both. 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.

Cross-Border Deals Feed an M&A Boom

THE WALL STREET JOURNAL: Cross-Border Deals Feed an M&A Boom

By MICHAEL WANG

DOW JONES NEWSWIRES

June 27, 2005

European mergers and acquisitions have almost doubled in value during the second quarter from a year earlier, as corporations’ increasing appetite for takeovers raises hopes that 2005 could be the biggest year for deal-making since the boom of 1999-2000.

Bold, cross-border takeovers in the financial-services, telecommunications and real-estate sectors are driving much of the deal activity. Meanwhile, private-equity firms have intensified their influence over the M&A market, a reflection of the success of these loosely regulated investment pools at raising capital. 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 boards of Royal Dutch Petroleum and Shell Transport and Trading will be merged

Daily Telegraph (UK): The week ahead: The boards of Royal Dutch Petroleum and Shell Transport and Trading will be merged into one with a single chairman and chief executive

Monday 27 June 2005

A guide to company results and meetings, and economic statistics (Filed: 27/06/2005)

Shareholders of oil giant Royal Dutch/Shell are expected to vote in favour of a restructuring programme at Tuesday’s annual meeting that will simplify the firm’s complex dual-board structure.

The boards of Royal Dutch Petroleum and Shell Transport and Trading will be merged into one with a single 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.

Shell’s head of the exploration and production division, Malcolm Brinded, under fire

Daily Telegraph (UK): City checklist: Shell’s head of the exploration and production division, Malcolm Brinded, is coming under fire from investors for the company’s lacklustre performance in securing major new production

Monday 27 June 2005

The Financial Services Authority is likely to impose a fine of between £15m and £25m on Citigroup next week, following a controversial bond trade last year.

• Archie Norman, rumoured to be interested in running Wm Morrison, has denied that he has received an approach from either the company or its advisers.

• Shell’s head of the exploration and production division, Malcolm Brinded, is coming under fire from investors for the company’s lacklustre performance in securing major new production. 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 chiefs braced for storm: Investor anger brews over share tax and directors’ pay

The Guardian (UK): Shell chiefs braced for storm: Investor anger brews over share tax and directors’ pay

Monday June 27, 2005

Terry Macalister

Shell tomorrow faces the most important annual shareholders meeting in its 100-year history, as criticism mounts about tax on shareholders, reserves replacement performance and a host of other issues.

The Anglo-Dutch oil group is expected to win overwhelming support for its radical plan to dump its dual-company structure and adopt a unified board following the 2004 reserves fiasco when it admitted it had overstated its reserves by billions of barrels.

But there will be harsh criticism from British small investors in the Dutch Petroleum side of the business. Such shareholders stand to pay out up to £80m in capital gains tax as a result of the shake-up. 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.

Final dual meetings for Royal Dutch Shell: If approved, the new company will be known as Royal Dutch Shell plc

Financial Times: Final dual meetings for Royal Dutch Shell: If approved, the new company will be known as Royal Dutch Shell plc

Monday 27 June 2005

Royal Dutch Shell, the Anglo-Dutch energy group, will hold simultaneous annual meetings in London and the Hague for the final time, if shareholders approve the belated union of the two parent companies.

Royal Dutch and Shell Transport and Trading will be joined under a single board for the first time since they combined forces in 1907, part of a sweeping re-organisation of the company after last year’s reserve downgrade scandal.

If approved, the new company will be known as Royal Dutch Shell plc, and will trade in London and will be added to the FTSE UK indices. However, the company will be headquartered in Holland. 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.