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October 7th, 2013:

Shell-led consortium boosts production at Iraq’s prized Majnoon oil field

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By Associated Press, Published: October 6

BAGHDAD — An Iraqi official says a consortium led by Royal Dutch Shell has boosted production at a prized oil field in the country’s south to 175,000 barrels a day, speaking at a ceremony formally inaugurating commercial production.The head of the state-run South Oil Company, Dhia Jaafar, said Sunday that Shell and its partner, Malaysia’s state-run Petronas, plan to increase production from the nearly 12.5 billion-barrel Majnoon field to more than 200,000 barrels per day in early 2014.

It is located in Basra province, about 550 kilometers (340 miles) southeast of Baghdad.

The deal was awarded in Dec. 2009 with a pledge to reach 1.8 million barrels per day over 10 years. Then, production rated about 45,000 barrels per day. The consortium had to rehabilitate existing infrastructure and add new facilities.

Copyright 2013 The Associated Press. All rights reserved.

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US shale gas project ‘biggest regret’ for outgoing Shell boss

Screen Shot 2012-07-27 at 12.35.42Outgoing Shell chief executive Peter Voser says in an interview with the Financial Times his biggest regret during his time at the company is the failure of the company’s huge bet on US shale gas. Voser also described the technical setbacks Shell has suffered in its exploration campaign off the coast of Alaska as one of his greatest disappointments in the job. Voser said he did not know if Shell would go back into Alaska in 2014 or 2015.

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Monday 07 October 2013

Outgoing Shell chief executive Peter Voser says in an interview with the Financial Times his biggest regret during his time at the company is the failure of the company’s huge bet on US shale gas.

The FT says Shell has invested at least $24bn in so-called unconventional oil and gas in North America. But the investment has yet to pay off and in August Shell said it would carry out a ‘strategic review’ of its US shale activities.

‘Unconventionals did not exactly play out as planned,’ Voser is quoted as saying. 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.

Vosers big disappointment

 Screen Shot 2013-01-11 at 20.09.51Shell’s drill ship, Kulluk, was set to begin operation this spring. But the vessel ended up running aground on New Year’s Eve, and the company was subsequently fined $US1.1 million for damages incurred. “That was a big disappointment to me personally,” Voser said. The incident forced Shell to delay its drilling plans, and Mr Voser said the company still didn’t know “if we’ll go back [into Alaskan waters] in 2014 or 2015.”

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Shell’s outgoing chief executive, Peter Voser, says any talk of other countries witnessing a U.S.-style fuel production boom has been “hyped.”

In an interview with the FT’s Guy Chazan, Voser also said the company’s Arctic drilling plans have been derailed and may not be back up and running until 2015.

On other countries’ unconventional oil and gas production potential, Voser said China in particular could end up disappointed: 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.
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