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December 31st, 2013:

Corrib will cost €3.4 billion when completed

*”Over-Promise and Under-delivery”: TWELVE years behind its original completion schedule, the Corrib gas project’s costs have spiralled with €2.68 billion spent by December 2012.

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Aine Ryan: Tuesday, 31 December 2013 13:30

TWELVE years behind its original completion schedule, the Corrib gas project’s costs have spiralled with €2.68 billion spent by December 2012.

Reports in a number of national newspapers confirm that the bill for the project, which has been delayed due to a sustained community based campaign leading to a number of oral hearings and clashes with gardaí, will culminate in a €3.4 billion cost when completed by the end of next year.  That is four times the original projected cost. 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.

Energy renaissance in the US

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Author: Frank Holmes*: 31 December 2013

One of the most notable stories of the year.

As we come to the end of 2013, it’s a good time to reflect on some of the biggest resources stories of the year. One that immediately comes to mind is the U.S. energy resurgence and its tremendous effect on oil and gas.

Only a few years ago, we were contemplating the supply constraints facing the petroleum industry, as many major oil fields around the world were declining in production. Now, with the disruptive technology in shale oil and gas, we may be looking forward to decades of drilling. 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.

Brazil’s Petrobras Completes $1.6 Billion Oil-Field Sale

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December 30, 2013

RIO DE JANEIRO–Brazilian state-run energy giant Petroleo Brasileiro SA, or Petrobras, said late Monday that it had completed the sale of a 35% stake in an offshore oil field to partners Royal Dutch Shell PLC and India’s ONGC Videsh.

With completion of the deal, Shell raises its stake to 73%…

FULL ARTICLE

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Shell Completes Acquisition of Additional 23% Interest in BC-10 Project

Tuesday, December 31, 2013

Royal Dutch Shell plc announced Monday that it has completed the acquisition of an additional 23 percent interest in the Parque das Conchas (BC-10) project offshore Brazil for $1 billion.

Regulatory approvals have been obtained and Shell will now hold a 73 percent operating interest. The purchase is effective Jan. 1. Partner ONGC, previously holding a 15 percent working interest, will now hold a 27 percent working interest. This purchase is the result of pre-empting a third party’s bid for Petrobras’ 35 percent interest in BC-10. 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.

Shell officials: Recent extension for cracker plant will likely be the last

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By Rachel Morgan [email protected]: Monday, December 30, 2013

Last week’s land option extension granted to Shell Oil Co. regarding the proposed $2.5 billion petrochemical plant in Potter Township will likely be the company’s last, Shell officials said.

But the company isn’t saying just how long this extension — its third — will be.

“The details of the extension are confidential,” Shell spokeswoman Kayla Macke said Monday. The first two extensions were each six months long.

FULL ARTICLE 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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