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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.” ( 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.” ( 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.” ( 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.” ( 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.” ( 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.” ( 16 Feb 05 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.” ( Posted 16 Feb 05

FINANCIAL TIMES: McLibel pair vow to continue campaign: “Now we have the right to scrutinise rich and powerful multinational corporations.” ( Posted 16 Feb 05 and its sister websites,,,,, and are all owned by John Donovan. There is also a Wikipedia article.

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