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Shell News Archive Monday 28 November 2005

Shell News Archive Monday 28 November 2005

Forbes/AFX News Limited: Shell starts production at massive new Nigerian field UPDATE: “Development of the Bonga field was hit by long delays and cost overruns, but Shell now hopes to rapidly reach peak capacity and boost the west African country’s total oil production by 10 pct.”: Monday 28 November 2005: READ
 
BBC NEWS: Shell’s new Nigerian field on tap: Anglo-Dutch giant Shell says it has begun pumping oil from a huge new field off the Nigerian coast, boosting the country’s total production by 10%.”: “However, delays and cost overruns mean the development cost $3.6bn (£2.1bn), up from original estimates of $2.7bn.”: Monday 28 November 2005: READ
 
Daily Telegraph: Gas firms in ‘profiteering’ inquiry after prices soar: “BP, Shell and other North Sea oil and gas producers are under investigation by the Government over claims that they may have been profiteering from the gas crisis by withholding supplies.”: Monday 28 November 2005: READ
 
BLOOMBERG: Sakhalin LNG Capacity: “Shell plans to invest as much as $23 billion to tap oil and gas fields on the Sakhalin shelf in the Sea of Okhotsk.”: Monday 28 November 2005: READ
Financial Times: Rise of the ethical financier: “…the environmental pressure group WWF has campaigned strongly on the exploitation of oil and gas in Sakhalin. Shell, which leads the project, has taken many steps to reduce its environmental impact and argues that it has safeguarded the habitats for marine life in the area at considerable cost. WWF counters that the company has not gone far enough and has endangered rare grey whales living in the area. WWF is now preparing to question the role of institutions helping to finance the project.”: Monday 28 November 2005: READ
 
ShellNews.net: EMAIL RECEIVED FROM MEMBER OF ROSSPORT FIVE CAMPAIGN: (ShellNews.net has agreed not to disclose the name of this well known Irish national): Posted Monday 28 November 2005: READ
 
Los Angeles Times: For Shell Executive, It’s All About Meeting Targets: “Cook is also one of the five executive directors of a business that has been through two years of turmoil, after the huge overstatement of its oil and gas reserves that led to the removal of Chairman Philip Watts and two other directors, fines of about $150 million and a corporate governance overhaul.”: Her elevation to the board came as a result of the scandal and management shake-up, bringing her back to headquarters in The Hague, Netherlands”: Monday 28 November 2005: READ
 
AZ Central.com Arizona: U.S. has plans for Canada oil sands: “In the north of the remote Alberta province rests the equivalent of 1.7 trillion barrels of oil.”: “It’s the single largest hydrocarbon deposit on the Earth, and it’s next door to the biggest market for oil products: the United States. What’s wrong with it? It’s crap oil,” said Neil Camarta, senior vice president of oil-sands operations for Shell Canada.”: “Don’t mistake that for discouragement.”: Posted Monday 28 November 2005: READ
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