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Shell News Archive Wednesday 15 December, 2004

Shell News Archive Wednesday 15 December, 2004

Financial Times: ChevronTexaco raises its oil planning price to $20-$30: “Royal Dutch/Shell was the first of the super-majors to break ranks on the planning price, because of extreme pressure to rebuild its reserves.” (ShellNews.net) 15 Dec 04

Financial Times: Secret and unreliable world of oil statistics: “It also does not bode well for the longer-term issue facing the industry – the extent of oil and gas reserves.”: “The Royal Dutch/Shell Group debacle, where the oil producer wiped 23 per cent off its oil reserves this year, highlighted the loose interpretation of rules governing energy reserves.” (ShellNews.net) 15 Dec 04

Asia Pulse: SHELL TO CONDUCT RESEARCH ON OIL SHALE IN CHINA: “An official from the Shell (China) Group said that China abounds in oil shale resources as Jilin Province is one of the provinces rich in oil shale reserves in the country, adding that from a long-term point of view, oil shale resources might ease the countrys energy demand to a certain extent and reduce the import of oil.” (ShellNews.net) 15 Dec 04

THE WALL STREET JOURNAL: Versatile Malaysian Refiner Is Starting to Turn Some Heads: “KUALA LUMPUR, Malaysia — Sharply higher oil prices have hit most Asian refiners hard. But Malaysian Shell Refining, a low-profile local subsidiary of the Royal Dutch/Shell Group, is cashing in and rewarding investors.” (ShellNews.net) 15 Dec 04

Financial Times: Caspian oil: Tightening rules of the game: “Kazakhstan is one of the few places in the world open for business to international oil producers seeking to replenish their reserves. For governments increasingly concerned about the security of energy supplies, the republic offers a plentiful source of oil outside the Middle East.”: “Kashagan wells yield poisonous sulphurous gas as well as oil.”: “Kashagan will have two lives spanning 70 years, one for oil and another for gas,” says Martin Ferstl, Shell’s chairman in Kazakhstan. (ShellNews.net) 15 Dec 04

paktribune.com (Pakistan): Govt making efforts for exploiting untapped huge hydrocarbon resources: Jadoon: “Jeroen Van Der Veer appreciated the steps taken by the Government of Pakistan for the investors in the petroleum sector and assured that Shell should continue to play its role for the boosting of petroleum sector ties” (ShellNews.net) Posted 15 Dec 04

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