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March 7th, 2010:

Shell May Offer A$3.3 Billion for Arrow Energy

Mar 7th, 2010
by John Donovan.
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Bloomberg.com: Shell May Offer A$3.3 Billion for Arrow Energy, Review Says

By Gavin Evans

March 8 (Bloomberg) — Royal Dutch Shell Plc has offered about A$3.3 billion ($3 billion) for Arrow Energy Ltd. to take control of the company’s gas assets in Australia’s Queensland state, the Australian Financial Review reported, without saying where it got the information.

Shell is offering about A$4.50 a share for its Brisbane- based partner in a coal seam gas project in Queensland, the newspaper said. Arrow wouldn’t comment on the offer, which may have been made Friday, the Review said. Arrow Energy shares closed at A$3.48 on March 5, valuing it at A$2.6 billion. read more

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Iraq extends gas MOU with Shell- oil minister

Mar 7th, 2010
by John Donovan.
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Reuters UK

Sun Mar 7, 2010 9:48am GMT

BAGHDAD, March 7 (Reuters) – Iraq has extended a memorandum of understanding with Royal Dutch Shell (RDSa.L) on a natural gas venture around the southern oil hub of Basra for six months from March 2010, Iraq’s Oil Minister told Reuters on Sunday.

“We will resume talks with Shell after the election,” the minister, Hussain al-Shahristani, said after he cast his vote in the country’s second full parliamentary election since the 2003 U.S.-led invasion. “The Shell contract is in its final form after Shell accepted our remarks and demands.” read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

U.S. Enriches Companies including Shell, Defying Its Policy on Iran

Mar 7th, 2010
by John Donovan.
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Royal Dutch Shell signed an $800 million deal in 1999 to develop two huge oil fields expected to produce 190,000 barrels a day, and while that project was completed in 2005, it continues to receive payments as a result of its work. Shell has a second Iranian natural gas development projects in the works, but officials said they are awaiting the results of a feasability study before determining whether they will go forward with it. In the meantime, the company continues to supply oil lubricant to Iran, and until recently, had been a large supplier of gasoline to Iran. Shell is also a huge supplier of gasoline to the American military, won drilling rights in the Gulf of Mexico and in the Western United States, and shares with a company in China a $200,000 Export-Import Bank loan to build a petrochemical plant in that country. A Shell spokesman, David R. Williams, said that while the company would comply with any new international sanctions, Shell's activities are not prohibited by European countries, adding that when the rules of different countries conflict "it makes compliance difficult."

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.
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