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Shell News Archive Tuesday 7 December, 2004

Shell News Archive Tuesday 7 December, 2004

Yahoo! News: Shell to invest millions to open foreign petrol stations in India: “Vikram Singh Mehta, Chairman of the Shell Group of Companies in India, said the firm plans to open 2,000 outlets selling gasoline and diesel under the Shell brand name”: “Mehta said Shell was the largest foreign investor in India, with a stake so far of 850 million dollars.” (ShellNews.net) 7 Dec 04

ArabicNews.com: Shell invests in billions of dollars in the Qatari gas: “The British-Dutch Royal Dutch Shell group announced determination to spend $6 billion for establishing a factory to transform gas into a liquid fuel in Qatar. The group’s executive director Jeroen van der Veer did not specify any time for these investments upon announcing this project in a press conference organized by “Business Week” magazine in Paris.” (ShellNews.net) 7 Dec 04

Los Angeles Times: Pact a Reprieve for Shell Refinery: Pollution limits will be altered so the firm can run the Bakersfield site through March 31 with more time for sale talks. (ShellNews.net) 7 Dec 04

SustainOnline.org: IUCN & Shell collaboration for biodiversity: “Geneva, 6 December 2004 – For over 4 years, Shell and IUCN – The World Conservation Union have been collaborating on a number of biodiversity programs and skillsharing initiatives. This case study highlights progress so far.” (ShellNews.net) 6 Dec 04

THE WALL STREET JOURNAL: Shell Tries To Evacuate Oil Workers As Protests Continue: “Oil operations in the restive Niger Delta are frequently disrupted by violence by aggrieved, impoverished communities that feel cheated out of the oil wealth pumped from their land.” (ShellNews.net) 7 Dec 04

AFX Europe (Focus): Nigerian protest on Royal Dutch/Shell oil flow station ends: “Nigerian protesters have ended their three-day-old occupation of two oil flow stations operated in the Niger Delta by Anglo-Dutch energy giant Royal Dutch/Shell…” (ShellNews.net) 7 Dec 04

Financial Post (Canada): Athabasca project to help Western Oil double production volume in 5 years: “Western Oil Sands holds a 20% stake in the Athabasca Oil Sands Project together with its partners Shell Canada Ltd. and Chevron Canada Ltd. It also has a minority stake in Shell Canada’s Scotford upgrader in Edmonton.” (ShellNews.net) 7 Dec 04

THE WALL STREET JOURNAL: Shell May Decide On New Brazil Oil Production in 2006: “The company will decide at earliest in 2006 whether to start production in the BC-10 exploration block in the Campos Basin off the coast of Rio de Janeiro, the vice president of exploration and production at Shell’s Brazilian unit, John P. Haney said in an interview.” (ShellNews.net) 7 Dec 04

AFX Europe (Focus): Malaysia’s Sapuracrest wins 37.84 mln usd contract from Brunei Shell: “Sapuracrest Petroleum Bhd said it has been awarded a 37.84 mln usd contract to transport and install oil rigs for Brunei Shell Petroleum Co.” (ShellNews.net) 7 Dec 04

Financial Times: Shell opens door to links with Gazprom: “Jeroen van der Veer, chief executive of Royal Dutch/ Shell, has opened the door to future deals with Gazprom, the Russian gas group, by welcoming its rapid expansion into the oil sector.” (ShellNews.net) 7 Dec 04

Financial Times: John Kay: Corporate personality is a reality: “Customers might put their trust in contracts but generally prefer to rely on the reputation of the business and to deal with people they know.”: “The horror of Enron was not just that it was home to some corrupt people but that the environment encouraged their corruption.”: “a personality devoid of moral sense, which is instrumental in its treatment of stakeholders, generally would be diagnosed by psychologists as psychopathic.” (ShellNews.net) Posted 7 Dec 04

AP Worldstream: Fresh unrest in Saudi Arabia, Nigeria push crude prices up as supply fears reappear (ShellNews.net) 7 Dec 04

Reuters: Shell plans to double gas sales: “Our LNG sales will double between now and the end of the decade,” Shell CEO Jeroen van der Veer told a Business Week conference in Paris on Monday.: “Van der Veer said that Shell was planning to take LNG from Nigeria to the U.S. East Coast while supplies from the Sakhalin project in Russia’s Far East will head to the U.S. west coast.” (ShellNews.net) Posted 7 Dec 04

THE NEW YORK TIMES: Oil Cos. Talk to Nigerian Oil Occupiers: “Multinational oil companies began talks with hundreds of Nigerian villagers occupying three oil platforms on Monday in a dispute over jobs which shut 90,000 barrels per day of oil production” (ShellNews.net) Posted 7 Dec 04

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