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Shell News Wednesday, 16 February 2005

Shell News Wednesday, 16 February 2005

FINANCIAL TIMES: Sanctions threat to NPC bid for Basell: “NPC is one of the three bidders that have been shortlisted to buy the petrochemicals company from its joint owners Royal Dutch/ Shell and BASF.” (ShellNews.net) 16 Feb 05

The Independent (UK); OUTLOOK: BG Group makes a meal out of great story: “On the stringent SEC measure, it is well ahead of Shell and BP on reserves replacement with a ratio comfortably above 100 per cent. Shell, given its own reserves disaster, can only look on in envy.” (ShellNews.net) 16 Feb 05

Daily Telegraph (UK): Demand for gas pushes BG Group to £1.5bn: “BG’s reserve replacement ratio – a key measure of how fast a group is replacing existing output with new finds – was 149pc last year (based on constant prices) compared with 45pc to 55pc at best for Shell.” (ShellNews.net) 16 Feb 05

Asia Pulse: JAPAN’S SHOWA SHELL TO ACTIVELY MARKET CO2 EMISSION RIGHTS (ShellNews.net) 16 Feb 05

AFX Europe (Focus): SKorea taps Shell’s Sakhalin II, Malaysia LNG, Yemen as long-term suppliers: “The commerce, industry and energy ministry said that it has picked the Shell-led Sakhalin Energy Investment Co, Yemen Liquefied Natural Gas (LNG) and Malaysia LNG as preferred suppliers for 20-year LNG contracts worth a combined 20 bln usd.” (ShellNews.net) 16 Feb 05

BLOOMBERG: Shell, Total, Partners Win $20 Bln LNG Sales in Korea: “Royal Dutch/Shell Group, Total SA and partners will sell about $20 billion of liquefied natural gas to Korea Gas Corp., the world’s largest LNG importer, over 20 years after offering the fuel at about 40 percent below current prices.” (ShellNews.net) 16 Feb 05

FINANCIAL TIMES: Benchmark reweighting: “Since the Anglo-Dutch oil major announced the merger of its two primary listings into one in the UK by July, fund managers have held on to shares in Shell Transport & Trading, reducing supply and narrowing the discount to its arch-rival.” (ShellNews.net) 16 Feb 05

allAfrica.com: Shell Relocates Exploration Team to Nigeria: “Shell Petroleum Development Company of Nigeria has said it has moved its global exploration unit from Houston, USA to Nigeria.” (ShellNews.net) Posted 16 Feb 05

FINANCIAL TIMES: McLibel pair vow to continue campaign: “Now we have the right to scrutinise rich and powerful multinational corporations.” (ShellNews.net) Posted 16 Feb 05

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