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Shell News Archive Monday 8 November, 2005

From Our Shell News Archive Monday 8 November, 2005

The Independent: Business Analysis: Bulging profits make the oil majors an easy tax target for politicians: “The mouth-watering profits made by major oil companies on both sides of the Atlantic are proving an irresistible target for politicians. A special windfall tax on these earnings would neatly help ease the budgetary problems faced by the US and the UK, and in a way that does not directly hurt voters.”: “The embarrassment of riches has simply come from a runaway oil price that has much to do with Opec and geopolitics, and little to do with the ingenuity of Exxon, Shell or BP.”: Tuesday 8 November 2005: READ

The New York Times: Oil Execs Should Detail Plans to Congress: Bodman: “The Senate energy and commerce committees will hold a joint hearing Wednesday to hear testimony from Exxon Chief Executive Lee Raymond, BP America Chief Executive Ross Pillari, Royal Dutch Shell’s Shell Oil Co. President John Hofmeister, ConocoPhillips Chief Executive Jim Mulva, and Chevron Chief Executive David O’Reilly. Together, the five companies reported third-quarter profits of more than $30 billion due to high energy prices.”: Posted Tuesday 8 November 2005: READ

Financial Times: Safe deposit? Canada’s oilsands can give much of the world a fresh energy source: “Recent projects have been dogged by delays and cost overruns. The bill for Shell’s Athabasca project, commissioned in April 2003, climbed from C$3.9bn to C$5.6bn.”: Tuesday 8 November 2005: READ

Financial Times: Today’s technical and political uncertainties demand more application of the ‘right brain’: “”Elusive skills that give Shell hope”: Tuesday 8 November 2005: READ

Lloyds List: Challenges are overcome as Kristin comes on stream: “In the Norwegian Sea, Norsk Hydro and Shell have started drilling the first of eight development wells on the large Ormen Lange gas field using Smedvig’s drillship West Navigator.”: Tuesday November 08, 2005: READ

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