THE LONDON TIMES: Need to Know: Global Business Briefing: “Royal Dutch/Shell, the Anglo-Dutch oil giant, said that the US Securities and Exchange Commission had lifted a ban on it buying back its shares. The ban had come into place when Shell announced its planned restructuring in October.” (ShellNews.net) 14 Jan 05

EDITED BY JOE BOLGER AND TOM ROUNDELL

January 14, 2005

ENERGY

Sector up 1.1%

Australia’s takeover regulator said that it would investigate whether WMC Resources tried to mislead investors in its defence against a £3 billion bid from Xstrata, the London-based diversified miner.

Royal Dutch/Shell, the Anglo-Dutch oil giant, said that the US Securities and Exchange Commission had lifted a ban on it buying back its shares. The ban had come into place when Shell announced its planned restructuring in October.

Taghmen Energy, which is exploring for oil and gas in Latin America, will make its debut on the Alternative Investment Market today, valuing the group at $35 million (£18.5 million).

Nigeria plans to build a $6 billion liquefied natural gas plant by 2008, in a project to be co-financed by BG Group and ChevronTexaco.

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