Shell pleases city with UK-Dutch merger
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OIL giant Shell swept aside nearly 100 years of history yesterday when it unveiled plans to merge its UK and Dutch parent companies.
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Scandal-hit oil giant Royal Dutch/Shell  will invest $45 billion over three years to boost reserves and  production but its shares fell on disappointment it did not  extend a stock buyback program.
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Royal Dutch/Shell is merging its Dutch and British holding companies as it seeks to address failings that led to a shock downgrade in proven oil reserves.
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Shell Oil Co on Friday announced the final investment decision to begin construction on a 325,000 barrel-per-day capacity expansion project at a refinery in Port Arthur, Texas.
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Royal Dutch Shell  and its partners in the $22 billion Sakhalin-2 project have accepted cash and a promise of future cooperation with Gazprom  in a deal to let the Russian firm into the venture, a source close to talks between the companies said on Tuesday.
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Energy giant Shell is to sell its stake in the pipeline unit of Dutch gas firm Gasunie to the Dutch government. Both Shell and ExxonMobil are selling their stakes, with the Dutch government paying 2.78bn euros ($3.
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Royal Dutch/Shell plans to end almost a century of tradition by merging its British and Dutch holding companies as it aims to restore investor confidence shaken by an oil reserves scandal.
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LONDON  - Royal Dutch/Shell said it would delay a vote on its plans to switch to a single-board structure, to June next year, after initially scheduling a ballot for April 2005.
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The new group, to be called Royal Dutch Shell, will be headquartered in the Netherlands with a single board, chairman and chief executive.
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LONDON Royal Dutch/Shell Group said Thursday that it was merging the two publicly traded entities that make up the company and unifying their boards, ending a nearly 100-year-old corporate structure.
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Shares in Royal Dutch/Shell surged on  Thursday as a unified structure unveiled by the oil giant is  set to dramatically lift its weighting in key benchmark share  indexes.
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A merger of Norway's two largest companies is to create the world's leading offshore oil and gas operator with a market value of almost Â£50bn.
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LONDON/AMSTERDAM  - Oil major Royal Dutch/Shell  Group RD.AS plans to move to a unified corporate  structure, ditching a century-old dual-ownership system blamed  for contributing to a reserves overbooking scandal.
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The EU is expected to approve the merger between rivals Oracle (Nasdaq: ORCL) and PeopleSoft (Nasdaq: PSFT), according to sources close to the proceedings.
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The Netherlands, Europe&#39;s third-largest gas producer, agreed to pay 2.78 billion euros ($3.55 billion) to buy the natural gas pipeline stakes of Royal/Dutch Shell Group and Exxon Mobil Corp.
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OIL giant Royal Dutch Shell, to be formed from the merger of Netherlands-based Royal Dutch and London-based Shell Transport &amp; Trading, is understood to be considering sharply-increased performance-related bonus packages for leading directors such as new
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ANGLO-Dutch oil group Royal Dutch Shell yesterday said it would invest $45bn over three years to boost reserves and production as it battles to shake off the scandal of its reserves over-booking.