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Shell New Archive Friday 24 December, 2004

Dec 24th, 2004
by John Donovan.

Shell New Archive Friday 24 December, 2004

ShellNews.net: LETTER TO THE UK DAILY TELEGRAPH: SHELL TRANSPORT – AN ILL-FATED PREDICTION: “It is interesting as we approach the end of 2004 to review predictions made at the beginning of the year. “: “One of your experts, Andrew Jones, investment director of The David Aaron Partnership chose Shell Transport as his “Top Share”. Of course he did not know that just a few days later news would erupt about a corporate scandal of such magnitude that Shell Transport is now in its death throes and likely to be put out of its misery at its next (and almost certainly final) AGM.”: “Which unfortunate “rising star” is Andrew tipping for 2005?“:  24 Dec 04

ThisIsLondon.com: FSA to probe Cairn shares activity: “Gammell… hit the jackpot in January when Cairn discovered a vast oilfield in north-west India. Gammell paid Shell £10 million for the oilfield, which is now valued in the City at nearly £1.5 billion. (ShellNews.net) Posted 24 Dec 04

THE WALL STREET JOURNAL: Latest Move Seals Gazprom’s Role As Energy Giant: “But Growing Clout, TiesTo Kremlin Stir Concern”: “Other global companies have gotten the message. Royal Dutch/Shell Group, which operates the only big project on the Far East island of Sakhalin without a Russian state company involved, is in active talks to bring Gazprom in as a shareholder. As part of the deal, Shell could work with Gazprom on its Siberian fields.” (ShellNews.net) 24 Dec 04

CNN International.com: Shell cuts Nigerian oil exports: “International oil giant Shell said Thursday it has been forced to suspend some exports of 110,000 barrels a day because of community unrest in the Niger River Delta in Nigeria.”: “Royal Dutch/Shell Group is Nigeria’s top oil producer.” ShellNews.net) Posted 24 Dec 04

The San Diego Union-Tribune: Shell Oil to pay $1 million for cleanup: Contamination runs under stadium property: “Shell Oil has agreed to pay $1 million to the city of San Diego to clean up some of the underground pollution at Qualcomm Stadium”: “Soil and water at the city-owned site have been contaminated by fuel leaking from two tank farms near the stadium, and the city is negotiating with a Houston energy company on cleaning up the problem.”: “Richard Opper, a private attorney the city hired to work on the Qualcomm contamination case, said the gasoline contains a noxious additive that is intended to reduce smog emissions. Methyl tertiary butyl ether, or MTBE, is a carcinogen that seeps through soil more quickly than gasoline and has found its way into groundwater beneath the stadium property, Opper said.” (ShellNews.net) 24 Dec 04

channelnewsasia.com: Oil prices barely move: “Traders also digested news that unrest in the Niger Delta had forced oil giants Shell and ChevronTexaco to suspend exports totalling 134,000 barrels of oil per day from Nigeria, Africa’s largest producer of crude. A Shell spokesman said the company had declared a “force majeure” to warn clients that it would not be able to meet export contracts from its Bonny terminal. ChevronTexaco said it was affected also by the shut down. Nigerian firefighters also battled a pipeline blaze Thursday after an explosion killed at least 26 villagers looting fuel in a fishing community just outside the city of Lagos, police said. Nigeria normally exports around 2.5 million barrels per day, but the wealth generated by the industry has been misused and three-quarters of the 130-million strong population live in abject poverty.” (ShellNews.net) 24 Dec 04

Financial Times: City blows £6m on Christmas parties in spite of flat bonuses: “Even companies such as Shell, the energy group forced to restructure earlier this year, have been hosting parties. Mario Tomkins at Shell said: “The staff at Shell all had an excellent time at Lindley Hall, the venue and food was fantastic and everything was organised perfectly.” (ShellNews.net) 24 Dec 04

Financial Times: Old foes share common ground: “Even Greenpeace – the environmental campaign group that won instant recognition because of its assault on Royal Dutch Shell over the planned sinking of the Brent Spar oil platform nearly a decade ago – speaks a more conciliatory language about business today” (ShellNews.net) 24 Dec 04

Financial Times: MPs attack Xstrata’s WMC bid: “Although the board has rarely opposed foreign takeovers in recent times, the federal government intervened in 2002 and ruled that a full takeover bid from Royal Dutch Shell for Australia’s largest oil and gas producer, Woodside, was against the national interest.” (ShellNews.net) 24 Dec 04

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Posted in: Chevron, Gas, Gazprom, Oil, Royal Dutch Shell Plc, Russia, Sakhalin II.

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