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December 15th, 2004:

Shell News Archive Wednesday 15 December, 2004

Shell News Archive Wednesday 15 December, 2004

Financial Times: ChevronTexaco raises its oil planning price to $20-$30: “Royal Dutch/Shell was the first of the super-majors to break ranks on the planning price, because of extreme pressure to rebuild its reserves.” (ShellNews.net) 15 Dec 04

Financial Times: Secret and unreliable world of oil statistics: “It also does not bode well for the longer-term issue facing the industry – the extent of oil and gas reserves.”: “The Royal Dutch/Shell Group debacle, where the oil producer wiped 23 per cent off its oil reserves this year, highlighted the loose interpretation of rules governing energy reserves.” (ShellNews.net) 15 Dec 04 read more

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