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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.” (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

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

ChinaView.cn: 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. (ShellNews.net) 10 Dec 04

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