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Shell News Archive Wednesday 22 December 2004

Shell News Archive Wednesday 22 December 2004

THE GLOBE&MAIL (CANADA): Repairs cut Athabasca oil sands output: “Yesterday, Shell Canada Ltd. and Western Oil Sands Inc., both of Calgary and two of the Athabasca project partners, said one of two RHC trains at the upgrader was moving back toward full production when the tubing leak was detected.” (ShellNews.net) 22 Dec 04

BERNAMA (Malaysia): Shell Malaysia Invests Rm70 Mln Over Past Four Decades: “Shell Malaysia, the country’s largest direct foreign investor, has invested about RM70 billion over the past four decades, according to the “Shell Malaysia Sustainable Development Report 2003.” (ShellNews.net) 22 Dec 04

Financial Times: School for scandal: “…as Royal Dutch/ Shell found with a difficult SEC rule on proved oil reserves, this does not mean a company can do its own thing” (ShellNews.net) 22 Dec 04

Financial Post (Canada): Shell oilsands operation hits new snags: “Shell Canada, which is 78% owned by oil major Royal Dutch/Shell Group, has a 60% stake in the Athabasca project.” (ShellNews.net) 22 Dec 04

Financial Times: Dutch diligence: “Another court ruling is due next month on whether to order an investigation into management at Dutch retailer Ahold following a bookkeeping scandal two years ago – not to mention the ongoing problems at Royal Dutch/Shell. (ShellNews.net) 22 Dec 04

The Independent (UK): Oligarch Bogdanov emerges as buyer of key Yukos subsidiary: “Russia’s 13th richest man, a Kremlin-friendly oligarch known as the “Hermit of Siberia”, emerged yesterday as the most likely buyer of Yukos’ main oil production unit, Yuganskneftegaz.” (ShellNews.net) 22 Dec 04

Daily Telegraph (UK): US issues warning on Yukos sale: “The US yesterday warned Russia that the auction of Yukos’ main oil asset could have a “chilling effect” on foreign investment in Russia.” (ShellNews.net) 22 Dec 04

THE TIMES (UK): We must bow to Gazprom ‘gang’ as West loses its grip on energy: “Does it matter to us if Yukos is expropriated and its oilfields shuffled into the Gazprom portfolio? It matters because the West is losing its grip on the energy business.” (ShellNews.net) 22 Dec 04

THE TIMES (UK): Sibir scents victory in battle with Sibneft: “Sibir’s main focus is the Salym oil joint venture with Shell in western Siberia. The partners hope to extract 600 million barrels of crude oil.” (ShellNews.net) 22 Dec 04

THE TIMES: Russians increase pressure on gas industry: “GAZPROM, the Russian gas giant, has stepped up the pressure on UK producers after agreeing to buy the country’s biggest onshore gas field.” (ShellNews.net) 22 Dec 04

THE WALL STREET JOURNAL: Nigeria Oil Exports Unaffected By Lockout –Traders: “A spokesman for Royal Dutch/Shell Group in London said its Nigerian loadings continued. Shell, the largest oil company in Nigeria, pumps roughly half of the country’s total output of around 2.4 million barrels a day.” (ShellNews.net) Posted 22 Dec 04

THE WALL STREET JOURNAL: FTC: Final OK To Buckeye Partners Buy Of Some Shell Assets: “The Federal Trade Commission Tuesday gave final clearance to Buckeye Partners LP’s (BPL) $517 million purchase of a package of Shell Oil Co.’s pipeline and storage assets.” (ShellNews.net) Posted 22 Dec 04

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