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Shell News Thursday, 13 January 2005

Shell News Thursday, 13 January 2005

ShellNews.net: EMAIL CIRCULATED TO UK Members of Parliament: Subject: An anomaly in civil law could impact on one of your constituents: “The Judge made the point in his “Judges Comments” that my son could not withdraw his action against Shell without leave of the court. Mr Justice Laddie apparently believed that the two settlement documents put to him for approval detailed the terms of settlement.  In fact there was a third document containing the REAL terms of settlement. This was withheld from him by Shell in line with their normal corporate culture of cover-up and deception as was revealed to a shocked world by the reserves scandal involving the same senior Shell management.” 13 Jan 05

BruneiDirect: Brunei Shell Companies Donate $750,000 To Tsunami Fund: “Some $190,000 of the amount will be donated to the UNICEF (United Nations Children’s Fund) following discussions with the National Tsunami Relief Fund companies.” (ShellNews.net) 13 Jan 05

BBC NEWS: Shell Norway move may ‘cost jobs’: “Oil company Shell has announced it is to start transporting supplies from Norway to its North Sea rigs sparking union fears over Scottish jobs” (ShellNews.net) 13 Jan 05

Yahoo! News: Sinopec, Shell joint venture starts operating China petrol stations: “China Petroleum and Chemical Corp (Sinopec Corp) has a 60 pct share in the joint venture, with Shell China Holdings BV and Shell (China) Ltd holding the remaining 40 pct.” (ShellNews.net) 13 Jan 05

THE FINANCIAL TIMES: Yawns to die for: “Directors at Royal Dutch/Shell would kill for that reaction when they make their next announcement on oil reserves…” (ShellNews.net) 13 Jan 05

Philippine Daily Inquirer: IN THE KNOW: “Shell discovered the Malampaya gas field which was linked to the Camago fields.”: “Malampaya has gas reserves of about 2.7 trillion cubic feet. It is expected to reduce the country’s oil import bill of $3 billion by $700 million.” (ShellNews.net) 13 Jan 05

Lloyds List: India digs in over Shell bid to ship LNG to Hazira: “INDIA has rejected a Royal Dutch’Shell proposal to use its own vessels for transporting 2.5m tonnes of LNG a year into the oil giant’s receiving terminal at Hazira, on the Gujarat coast.” (ShellNews.net) 13 Jan 05

FINANCIAL TIMES: Basell suitors make joint offer: “Four private equity firms have teamed up to make a joint bid for Basell, the petrochemicals business owned by BASF and Royal Dutch/Shell. The offer could value Basell at about €4bn ($5.2bn).”: “The company has promised to spend $15bn a year on capital investment as it looks to recover from last year’s reserves scandal.” (ShellNews.net) 13 Jan 05

THE WALL STREET JOURNAL: Shell Nigeria: 8,000 B/D Output Shut In After New Unrest: “Angry villagers have raided a small oil platform in the Niger Delta, forcing Royal Dutch/Shell Group (RD SC) to close the 8,000 barrel a day flow station, a company spokesman said Wednesday” (ShellNews.net) Posted 13 Jan 05

Yahoo! News Aisa: Shell, Bechtel Shortlist 6 For InterGen JV Sale –Sources: “The move is part of an effort by Shell to raise up to $12 billion by 2006, mostly via asset sales.” (ShellNews.net) Posted 13 Jan 05

OIL&GAS JOURNAL: Plains All American Pipeline Acquires South Louisiana Assets From Shell (ShellNews.net) Posted 13 Jan 05

Crash.net: Shell Advances into BSB.: “Shell Advance recently announced its intention to sponsor British team Rizla Suzuki, heralding the brands first venture to sponsor a Superbike team in the British chamionship.” (ShellNews.net) Posted 13 Jan 05

Yahoo! News: Shell Shock, Yield Winner: “Twelve months have passed since Shell (LSE: SHEL) owned up to incorrectly categorising four billion barrels of oil.” (ShellNews.net) 13 Jan 05

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