Shell News Thursday, 17 February 2005
THE LONDON TIMES: Shell to build pipeline despite threat to whales: “SHELL has vowed to press on with the construction of a $12 billion gas facility off Russia’s Far East coast, in spite of fears that it could endanger the world’s 100 grey whales. An independent scientific panel yesterday called for the company to suspend construction on Sakhalin II, until completion of further studies.” (ShellNews.net) 17 Feb 05
FINANCIAL TIMES: Conoco stocks ratio hits an industry high: “ConocoPhillips yesterday said its purchase of a stake in Russia’s Lukoil had lifted its key replacement ratio for oil and gas reserves to an industry-leading 206 per cent last year.”: “Only a handful of companies have so far reported reserve-replacement ratios of 100 per cent or more, adding as much oil and gas as they produced in the year. However, this largely reflects the impact of ongoing asset sales and a tougher regulatory climate in the wake of the reserves scandal at Royal Dutch/Shell.” (ShellNews.net) 17 Feb 05
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