Posts on ‘July 21st, 2006’

By Upstream staff Shell-led Salym Petroleum Development (SPD) is set to almost triple its social spending in West Siberia to more than $7 million by 2008, writes Vladimir Afanasiev. The joint venture has spent about $2.5 million between 2003, when it began pushing ahead with its Salym oilfields project, and 2005. SPD external affairs manager [...]

Fri Jul 21, 2006 (Adds fresh quote, details and background) By Unni Krishnan NEW DELHI, July 21 (Reuters) – Flagship Indian energy firm Oil and Natural Gas Corp. (ONGC) is in talks over exporting its share of natural gas from Russia’s Sakhalin-1 via Royal Dutch Shell’s nearby LNG terminal, an oil ministry official said on [...]

By Upstream staff India’s Oil & Natural Gas Corporation (ONGC) is keen on liquefying its share of gas from the Sakhalin 1 field in Russia’s far east and shipping it to India. According to an Indian Oil Ministry official, ONGC is in talks to use Shell’s Sakhalin 2 liquefaction facility and the companies were likely [...]

By Upstream staff The North West Shelf Venture in Australia is conducting a comprehensive cost review on the US$1.5 billion phase five liquefied natural gas expansion project. Project operator Woodside said the review should be completed in the third quarter of 2006, and was being done because of “increasing cost pressures”. To date, about 80% [...]

By Upstream staff Shell plans to use so called “smart wells” on the Vadelyp oilfield, one of the three West Siberia oilfields being developed by Salym Petroleum Development (SPD), the joint venture in which the supermajor holds a 50% stake, writes Vladimir Afanasiev. According to Shell Technology exploration and production director John Darley, smart wells [...]

By Upstream staff Russia’s Salym Petroleum Development (SPD) is pressing ahead with three Salym oilfield projects after 10 years of waiting, targeting 1.1 billion barrels of estimated recoverable reserves. The company is a joint venture between Shell and Russia’s Evikhon, although the Anglo-Dutch supermajor is the driving force, having seconded senior executives and project management [...]

By Upstream staff Chevron, ExxonMobil and Shell have made a significant gas discovery in their Greater Gorgon development area off Western Australia, writes Russell Searancke. The Chandon-1 well, in Block WA-268-P, spudded on 21 June. The well was drilled by the Transocean semi-submersible Jack Bates in water depths of 1200 metres to a total depth [...]

By James MacKenzie Shell has been slammed for management failures and equipment defects by a Scottish Fatal Accident Inquiry (FAI) into the deaths of two workers in the utility leg of the Brent Bravo platform in the UK North Sea on 11 September 2003. Sean McCue, 22, from Kennoway in Fife, and Keith Moncrieff, aged [...]

By Upstream staff   Letter from Bill Campbell: Former Shell International group auditor In response to the letter from Bjorn Edlund (Upstream 23 June 2006), the Platform Safety Management Review (PSMR) was actually commissioned because Shell experienced a number of serious incidents and the internal audit process was raising increasing numbers of serious findings. The PSMR [...]

By Azlan Othman His Majesty the Sultan and Yang Di-Pertuan of Brunei Darussalam yesterday consented to receive in audience Dr Grahaeme Henderson, Managing Director of Brunei Shell Petroleum Company Sdn Bhd. During the audience ceremony, Dr. Henderson informed His Majesty that on the occasion of the 60th birthday of His Majesty, the Royal Dutch Shell [...]

MOSCOW, July 21. /FIS/. As announced by representative of Gazprom’s information department, at present the company continues negotiations with project operators. Note that in 2005 ‘Gazprom’ signed a memorandum of understanding with Britain’s Shell. In accordance with this document ‘Gazprom’ is to acquire 25% plus one share of ‘Sakhalin Energy’ in exchange for 50% of [...]

EXTRACT: During the quarter, Shell extended their pan-European contracts for Drilling & Measurements and Wireline logging services for a further two years at attractive commercial rates. The exceptional safety record, good service quality, and high level of support provided during the past three years led to these contract extensions. THE ARTICLE  NEW YORK, July 21 [...]

Published: Jul 21, 2006 BEIJING, July 21 Asia Pulse – CNOOC and Shell Petrochemicals Co Ltd, China’s biggest Sino-foreign partnership, plans to expand its current capacity by 10 to 20 per cent within the next four years, to meet surging domestic demand. The US$4.3 billion joint project, launched in March between Royal Dutch Shell and [...]

Published: Jul 21, 2006 An executive briefing on energy for July 21, 2006, prepared by Asia Pulse (http://www.asiapulse.com), the real-time, Asia-based wire with exclusive news, commercial intelligence and business opportunities. CHINA SEEN TO NEED 40-50 MORE JUMBO OIL TANKERS OVER NEXT 5 YRS BEIJING – China will need an additional 40 to 50 jumbo oil [...]

EXTRACT: Precedents have been set. In May BP’s rival Shell relaxed its retirement age for executive director Rob Routs, allowing him to stay until he is 62. A similar decision is likely to be made to allow Jeroen van der Veer, Shell’s 58-year-old chief executive, to stay on beyond 60. THE ARTICLE By Christopher Hope, Industry [...]