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Shell News Archive Thursday 25 November, 2004

Shell News Archive Thursday 25 November, 2004

London Evening Standard: BP sells stake in ‘scandal’ gas field: “OIL giant BP has sold its share in a controversial Norwegian gas field, thrown into the spotlight by the reserves scandal at rival Shell, for $1.2bn (£645m.” (ShellNews.net) Posted 25 Nov 04

Yahoo! News: Shell hands over 12 marginal oil fields to Nigerian firms: “Anglo-Dutch oil giant Royal Dutch/Shell Group (LSE: SHEL.L – news – msgs) has formally handed over 12 of its marginal oil fields to 16 Nigerian firms, in an effort to encourage local participation in the oil and gas sectors, company officials said.” (ShellNews.net)

Business Edge (Canada): Shell plans to reinvest windfall cash flow: “Shell Canada plans to raise its capital spending next year by more than 60 per cent to $1.8 billion, spreading the cash across Canada and the energy company’s diverse array of assets.” (ShellNews.net) 25 Nov 04

The Guardian (UK): Shell loses in politically controversial bid for first Iraqi oil contracts: “Shell has failed in a controversial attempt to win the first post-war contracts to develop oilfields in Iraq.”: “”It’s a decision for the ministry of oil. We respect that and we have no further comment to make,” said a Shell spokesman.” (ShellNews.net) 25 Nov 04

Legal Week: Shell unveils new global panel: “Oil giant Shell has completed a review of its advisers, appointing a new panel for legal work globally.”: “The review, which started in April, was led by Shell legal services co-ordinator Clive Grant and UK legal head Richard Wiseman.” (ShellNews.net) 25 Nov 04

ShellNews.net: LETTER FROM ALFRED DONOVAN TO PRIME MINISTER TONY BLAIR REGARDING “CODES OF PRACTICE” GENERALLY AND SHELL’S STATEMENT OF GENERAL BUSINESS PRINCIPLES IN PARTICULAR: “The reserves scandal was of such global magnitude that it has brought about the demise of a great British company, The Shell Transport & Trading Company plc, which under the recently announced “merger” plan with Royal Dutch Petroleum Company, will cease to exist. The HQ for Royal Dutch Shell plc will be in Holland and the majority of senior management will be Dutch. “Posted 25 Nov 04

Yahoo! News: Police arrest activists protesting against Shell in Nigerian oil city: “On November 10, several thousand Nigerians attended a public ceremony in Port Harcourt to mark the ninth anniversary of the execution of writer and historic MOSOP leader and founder Ken Saro-Wiwa. Saro-Wiwa and eight of his MOSOP comrades were executed in Port Harcourt on November 10, 1995, after the then military regime convicted them of the murder of four local Ogoni chiefs. The activists had denied the charges, and their execution triggered a flurry of international sanctions against Nigeria, including its suspension from the Commonwealth.” (ShellNews.net) Posted 25 Nov 04

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