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Shell News Archive for Monday 7 November 2005

From our Shell News Archive for Monday 7 November 2005

The New York Times: World’s Energy Policy Is Not Sustainable: Monday 7 November 2005: READ

RIGZONE: Shell Exploration & Production is Returning to New Orleans: Monday, November 07, 2005: READ

Financial Times: Shell’s ‘hands off’ approach pushes up costs: “Shell’s dependence on contractors may help explain why it has lost control over costs at some of its largest projects. This summer, the company said the price tag of Sakhalin-2, a giant natural gas project in eastern Russia, had doubled to $20bn.”: “Shell has conceded it has a problem.”: Monday 7 November 2005: READ

The Guardian (UK): Washington focuses on oil profits: Exxon Mobil last month reported third-quarter profits of almost $10bn (£6bn), the highest quarterly earnings on record. Shell made $9bn and ConocoPhillips $3.8bn. The profits have stoked a firestorm in Washington. Monday November 7, 2005: READ

The Independent: Revolution at the pumps as Government backs biofuels: “The Government is drawing up a biofuel obligation, which will require oil companies such as Shell and BP to blend a fixed proportion of biofuels – initially 5 per cent – with all the petrol and diesel that they sell on garage forecourts.”: Monday 7 November 2005: READ

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