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Shell News Archive Friday 19 November, 2004

Shell News Archive Friday 19 November, 2004

Yahoo!: Shell says considering developing gas field in north China with PetroChina ( 19 Nov 04

Canadian Press: Shell Canada boosts capital spending by 60%, spreads cash across country: “CALGARY – Shell Canada plans to raise its capital spending next year by more than 60 per cent to $1.8 billion, spreading the cash across Canada and the energy company’s diverse array of assets.”: “it is 78 per cent owned by Royal Dutch/Shell, one of the world’s biggest oil companies, headquartered in London and the Netherlands.” ( Posted 19 Nov 04

THE WALL STREET JOURNAL: Shell Canada Announces C$1.8B Capital Expenditure Program For 2005: “Shell Canada Ltd plans C$1.8 billion of capital and exploration spending in 2005, up more than 60% from 2004 levels. ( Posted 19 Nov 04 Jones Newswires: Shell Sells Stakes In Distrigas, Fluxys To Suez: “U.K. oil giant Shell Trading & Transport Co. PLC has sold its stakes in Belgian gas distributor Distrigas SA and gas transporter Fluxys, French utilities giant Suez announced Thursday. ( Posted 19 Nov 04

YahooNews/BusinessWeek Online: Commentary: Oil: What’s Russia Really Sitting On?: “This year investors in the oil industry have been shaken by the revelation that Royal Dutch/Shell Group overstated its proven reserves by at least 23%, some 4.5 billion barrels, with more possible downgrades to come. There’s growing disquiet that other major oil companies may also have inflated reserves. But there’s one place — Russia — where reserve estimates just seem to go up and up.” ( Posted 19 Nov 04

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