Shell News Archive Friday 10 December, 2004
Yahoo!/DOW JONES NEWSWIRES: Shell-Bechtel’s InterGen Sale Gets 6 Bids So Far-Sources: “Over the course of this year, Shell was forced to report that it had overestimated its proven oil reserves by 20%. The company is selling non-core assets like InterGen in order to focus on exploration and production to increase its base of proven reserves.” (ShellNews.net) 10 Dec 04
csnews.com (Convenience Store News): Jury Rules For Massachusetts Franchisees in Shell Trial: “A federal jury awarded more than $3 million to eight Massachusetts gas station operators after finding Shell Oil Co. used unreasonable tactics that were effectively intended to drive them out of business”: “The jury voted yes to the question of whether Shell ”in bad faith” set wholesale gasoline prices ”that were not commercially reasonable,” court documents said.” (ShellNews.net) Posted 10 Dec 04