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Shell News Archive Friday 10 December, 2004

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.” ( 10 Dec 04 (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.” ( Posted 10 Dec 04

AFX Europe (Focus): Royal Dutch/Shell confirms northeastern China oil shale reserve deal – report ( 10 Dec 04

Los Angeles Times: Shell Oil Focuses on 1 Bidder: “The company is negotiating exclusively with an investment firm to sell its Bakersfield refinery, sources say” ( 10 Dec 04 BEIJING: Royal Dutch/Shell has agreed to set up a joint venture (JV) with the Bureau of Geological Exploration and Mineral Development of Jilin Province, northeast China, to conduct oil shale resource studies.: “China is estimated to have the fourth largest shale deposits in the world at 31.57 billion metric tons, after the United States, Brazil and Russia. ( 10 Dec 04 and its sister websites,,,,, and are all owned by John Donovan. There is also a Wikipedia article.

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