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Shell News Archive Monday, 10 January 2005

Shell News Archive Monday, 10 January 2005

chinaview.cn: Jilin province partners with Shell to exploit oil shale: “Northeast China’s Jilin Province will partner with Shell Exploration Company B.V., a subsidiary of Royal Dutch/Shell Group, to exploit oil shale…”: “China is estimated to have the fourth largest oil shale deposits in the world at 31.57 billion tons, after the United States, Brazil and Russia.” (ShellNews.net) 10 Jan 05

AFX Europe (Focus): Shell to increase gas stations in China – report: “Anglo-Dutch oil giant Royal Dutch/Shell aims to double the number of its gas stations on the Chinese mainland, excluding Jiangsu Province, each year in the next few years to capitalize on China’s booming oil fuel retail market, the China Daily reported.” (ShellNews.net) 10 Jan 05

THE LONDON TIMES: After a vintage year for oil where will Lord Browne take BP next?: “TNK delivers low-priced oil from old wells in western Siberia — not hugely profitable but a big boost to BP’s output and a snub to Shell, whose production is declining. Shell failed to make similar acquisitions and has paid the price with dwindling reserves and output.”: “One cannot help wondering if Lord Browne might be working feverishly on a colossus of a deal if the oil price were $15, instead of $45. But the BP chief doesn’t waste time in idle speculation.” (ShellNews.net) 10 Jan 05

FINANCIAL TIMES: City policeman’s lot is not a happy one: “…the regulator swiftly completed high-profile investigations such as last year’s review of insider dealing allegations at Marks and Spencer and Royal Dutch/ Shell’s reserves debacle.” (ShellNews.net) 10 Jan 05

The Guardian (UK): UK carbon output revision threatens trading scheme: “The ETS was launched on January 1, with the first deal (on forward credits) between Shell and the mining group BHP Billiton executed three days later in London…” (ShellNews.net) 10 Jan 05

Business Times (Malaysia): UK investments in Malaysia to focus on services sector: “Oil and gas is another major sector which has seen strong participation from companies like Shell, which is listed on the London Stock Exchange. It is investing US$1 million (US$1 = RM3.80) a day into developing oil and gas fields and downstream activities, mainly off Sarawak. It invested US$400 million in the previous year.” (ShellNews.net) 10 Jan 05

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