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Shell News Tuesday, 25 January 2005

Shell News Tuesday, 25 January 2005

The Guardian (UK): BP chief’s remarks enrage Iran: Oil minister lashes out as Lord Browne says country is not fit for investment: “…while US firms such as ExxonMobil and ChevronTexaco have steered clear, other European majors such as Shell and Total have been pushing ahead with projects.” ( 25 Jan 05

THE LONDON TIMES: Buyout firm is latest suitor for Shell’s liquefied gas arm: “BC PARTNERS, the buyout group, yesterday emerged as the latest suitor for Royal Dutch/Shell’s liquefied petroleum gas business, which is expected to be sold for up to $3 billion (£1.6 billion), The Times has learnt.” ( 25 Jan 05

Accountancy Age: Shell shortfall worse than feared: “Embattled petroleum giant Royal Dutch/Shell is expected to announce massive oil reserve downgrades – including one of almost 150 million barrels from Canada alone – as it reaches the conclusion of its internal audit and prepares for its results, due for release on 3 February.”: “The huge shortfall in reserves is one of a series of catastrophic announcements that has blighted Shell over the past 12 months.” ( Posted 25 Jan 05

The Miami Herald: GM, Shell Oil to bring fuel-cell vehicles to New York ( Posted 25 Jan 05 (USA): GM, Shell Bringing Fuel Cell Vehicles and Fueling to NY ( Posted 25 Jan 05

THE WALL STREET JOURNAL: Shell Seeking Higher 2005 Capital Budget From PdVSA: “Royal Dutch/Shell is in talks with Petroleos de Venezuela S.A. after the Venezuelan national oil company proposed a capital budget that is smaller than what the Anglo-Dutch oil giant wants…” ( Posted 25 Jan 05

THE WALL STREET JOURNAL: GM Announces Joint Effort To Bring Fuel Cell Vehicles To NY: “…the Detroit-based auto maker said it will supply the state of New York with about 40 fuel-cell-powered minivans and sport-utility vehicles, while Shell will supply the hydrogen refueling capabilities…” ( Posted 25 Jan 05

THE WALL STREET JOURNAL: Shell To Provide Refinery Mgmt Services To Sibneft: “Sibneft said it had awarded Shell Global Solutions a four-year contract to provide operational and technical services support for the refinery as part of an overall performance improvement program.” ( Posted 25 Jan 05

THE WALL STREET JOURNAL: Shell’s LPG Unit Draws Interest Beyond Private-Equity Firms: “The sale of Royal Dutch/Shell Group’s liquefied petroleum-gas unit is attracting interest beyond private-equity firms, with Repsol YPF SA, BP PLC and Total SA looking at it, individuals familiar with the talks said. They said the asset is potentially valued at more than $3 billion” ( Posted 25 Jan 05 and its sister websites,,,,, and are all owned by John Donovan. There is also a Wikipedia article.

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