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Shell News Wednesday, 12 January 2005

Shell News Wednesday, 12 January 2005

Yahoo! News: Shell declines comment on Repsol bid report: “The Royal Dutch/Shell Group declined to comment on a newspaper report claiming it is considering a bid for Spanish oil giant Repsol YPF” (ShellNews.net) 12 Jan 05

The Guardian (UK): Cairn gushes after gas find in India: “The latest success builds on a string of finds in Rajasthan last year on acreage it bought for a song from Shell.” (ShellNews.net) 12 Jan 05

THE LONDON TIMES: Shell talks to buyout firms over sale of liquefied gas business: “The struggling oil company is thought to be holding preliminary discussions with several interested parties…”: “Shell was forced to reduce the number of its reported proved oil reserves by nearly a third last year, through five downgrades, leaving it with about 13.5 billion barrels. The company also gave warning that there could be a further downgrade because it was only about 60 per cent the way through auditing its reserves, using its revised guidelines.” (ShellNews.net) 12 Jan 05

THE LONDON TIMES: Need to Know: Global Business Briefing: “Royal Dutch/Shell, the oil major, is in talks with Texas Pacific and Bain Capital, the US buyout groups, which could lead to the sale of its liquefied petroleum gas business for an estimated $3 billion (£1.6 billion).” (ShellNews.net) 12 Jan 05

AFX Europe (Focus): Royal Dutch/Shell considering 23 eur/share bid for Repsol YPF – report (ShellNews.net) 12 Jan 05

THE WALL STREET JOURNAL: Nigeria Govt Revokes 24 Oil Licenses: “The Nigerian government has revoked development rights for 24 undeveloped oil blocks and will offer them again in the country’s next major oil licensing round, an official of the country’s oil industry regulatory agency said Tuesday. The blocks had been awarded to oil majors including Royal Dutch/Shell Group…” (ShellNews.net) Posted 12 Jan 05

Daily News (Sri Lanka): Shell donates Rs. 50 m for disaster relief: “This donation is part of Shell Group’s overall commitment to the tsunami affected countries in the region.” (ShellNews.net) 12 Jan 05

THE NEW YORK TIMES: Shell Oil to Sell a California Refinery: “We’re pleased to reach this sale agreement, which we recognize is important to many people in Bakersfield and beyond,” said Lynn Laverty Elsenhans, president of Shell Oil California.” (ShellNews.net) 12 Jan 05

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