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Posts from ‘September, 2013’

Shell Begins Sale of U.S. Shale Assets Following Charge

Royal Dutch Shell Plc, Europe’s biggest oil company, began a sale of U.S. shale assets after booking a $2.1 billion impairment in the second quarter. The company will sell its interest in the Eagle Ford project in Texas and plans to open a data room to potential buyers next month, The Hague-based Shell said today […]

Shell warns Gazprom of price risks as LNG expansion delayed

(Reuters) – Shell, the global leader in liquefied natural gas, urged Gazprom to expand a plant they jointly own or risk missing out during a peak in gas prices, an executive of Shell’s operations in Russia told Reuters. By Denis Pinchuk YUZHNO-SAKHALINSK, Russia | Mon Sep 30, 2013 8:34am EDT (Reuters) – Shell (RDSa.L), the […]

Oil giant Shell could face charges over North Sea spill

More than 200 tonnes of oil spilled from Gannet Alpha. Prosecutors will now decide whether Shell should face criminal proceedings. Aberdeen Evening Express Published: 30/09/2013 AN OIL giant could face criminal charges over the worst spill in the North Sea for more than a decade. A leak in a pipeline saw more than 200 tonnes […]

Shell to Sell Stake in Eagle Ford Shale in Texas

Royal Dutch Shell PLC plans to sell its stake in the Eagle Ford Shale in South Texas, following a $2 billion write-down of North American assets that the company announced in August. Royal Dutch Shell PLC plans to sell its stake in the Eagle Ford Shale in South Texas, following a $2 billion write-down of […]

Shell abandons Western Slope oil shale project

DENVER — Royal Dutch Shell PLC became the latest company to abandon efforts to turn Western Slope oil shale into oil, joining a long line of companies in a boom and bust cycle in the region… the company no longer wants to continue efforts to turn oily shale rock into liquid by heating the rock […]

U.S Government Opens Leasing of Chukchi Sea to Other Drillers after Shell Backed Out

The U.S government announced Thursday that they will be welcoming other oil and energy companies interested in leasing Chukchi Sea near Alaska after Shell backed out.. By Julie S: Sept 29, 2013 The U.S government announced Thursday that they will be welcoming other oil and energy companies interested in leasing Chukchi Sea near Alaska after Shell backed out, Reuters […]

Vodafone, Shell asked to file replies in tax case by 10 October

Both firms have challenged tax demands through writ petitions in high court in an alleged transfer pricing case: Shell India is fighting a tax order accusing it of underpricing an intra-group share transfer by Rs.15,000 crore and consequently evading taxes. Mumbai: The Bombay high court on Monday asked the Indian units of Vodafone Group Plc […]

Shell’s decision to shut down its oil shale operations in Colorado

Printed letters, September 29, 2013 By Staff Sunday, September 29, 2013 Shell’s decision to shut down its oil shale operations in Colorado and move it to friendlier places like Canada and Jordan was based on artificial economic factors created by the government’s punitive regulatory approach, not normal free-market determinants. Most people knew this was bound […]

Investing in Tanzania: Region is one of the hottest for energy industry

FINANCIAL TIMES September 30, 2013 When BP and Shell explored for hydrocarbons along the coast of Tanzania between 1952 and 1964, they found little natural gas and even less oil. But their geologists did discover that the 100 stratigraphic shallow boreholes they drilled showed the presence of sealing, reservoir and source rock combinations common in […]

Voser’s on the way out…. let’s book the losses!

The people who will really be laughing are those who sold the US prospects to Shell over the past few years. These assets were acquired by Shell at a cost of several billion dollars right at the top of the market. FROM A SHELL RELATED SOURCE Looks like Ben van Beurden is going to be […]

Defiant Shell unwilling to quit crime-hit Niger Delta

Oil giant Shell has denied running away from its problems in Nigeria. Shell employs 600 contractor companies, who Janzen says “in principle” survey the lines around the clock;  Campaigners suggest some contractors may be implicated in theft, arguably putting Shell indirectly in the frame. 30 September 2013 The tanker sailed into the Niger Delta, right […]