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Shell News Archive Tuesday 30 November, 2004

Shell News Archive Tuesday 30 November, 2004

THE NEW YORK TIMES: Under All That Ice, Maybe Oil: “The ice-cloaked Arctic Ocean was once apparently a warm, biologically brewing basin so rich in sinking organic material that some scientists examining fresh evidence pulled from a submerged ridge near the North Pole say the seabed may now hold significant oil and gas deposits.” (ShellNews.net) 30 Nov 04

THE WALL STREET JOURNAL: Nigeria Oil Cos Losing 1M Barrels A Week – Regulator: “The DPR said companies involved in the shutdown are ChevronTexaco (CVX), Elf – a unit of Total (TOT) – and Shell Petroleum Development Company of Nigeria, a unit of Royal Dutch/Shell (RD).” (ShellNews.net) 30 Nov 04

Friends of the Earth: Shell Overstates Sakhalin Benefits: “Royal Dutch/Shell is drastically over-stating the income to be received by Russia from a major project in the country’s Far East, according to a study from a leading energy economist”: “Shell is up to its old tricks again, but this time the Russian economy is set to suffer because of this gross massaging of the figures.”: “Despite its fine words, Shell is ripping off the Russian state…” (ShellNews.net) 30 Nov 04

Mail&GuardianOnline: AFRICA: Villagers claim 7 shot in Shell protest: “Grieving relatives in the Niger Delta jungle river port of Ojobo have accused Nigerian soldiers of shooting dead seven unarmed demonstrators during a community protest on an oil rig operated for the Anglo-Dutch energy giant Shell”: “…both the army and Shell confirmed that 12 young men were shot and wounded in the incident…”: “The managing director of Shell’s Nigerian arm SPDC, Basil Omiyi, told reporters that an initial Shell inquiry had not found any evidence of fatalities and that he would be “extremely surprised if anyone had died”… (ShellNews.net) 30 Nov 04

AFX Europe (Focus): Shell to finalize oil shale reserves deal with China’s Jilin province-official: “China has been a net oil importer since 1993 and is now the world’s second-largest oil consumer after the US. Rising crude consumption and depleting domestic reserves have forced the country to turn to alternative resources, such as oil shale, to feed its growing requirement for oil, despite the higher costs involved. (ShellNews.net) 30 Nov 04

TheAge.com (Australia) : Chinese whispers work on Woodside: “The group’s share price strength – it jumped 42¢ to a record $21.44 a share – was a response to continued speculation that the Chinese oil and gas group, CNOOC, was about to cut a deal with Shell on that group’s 34 per cent Woodside stake. While the speculation was considered to be wide of the market, it is proving to be persistent. That persistence is due mainly to the global shake-up at Shell in response to its oil reserves scandal.” (ShellNews.net) 30 Nov 04

Vanguard (Nigeria): Ijaws petition UN over Ojobo crisis …Accuses Shell, Army of genocide: “Ijaws of the Niger- Delta have sent a petition to the United Nations as well as all foreign embassies in the country, accusing Shell of conspiring with the Nigerian Army to commit genocide in Ojobo community in Delta State.”: “The group also alleged that Shell put aside 10 per cent of its yearly budget to bribe government officials in the legislature, judiciary and executive, including security agents, to cover its inhuman acts in the region.” (ShellNews.net) 30 Nov 04

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