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Shell makes deepwater breakthrough in Malaysia

THE HAGUE, Netherlands, Dec. 14 (UPI) — Tapping the deep-water oil prospects off the coast of Malaysia is indicative of the confidence of growth from those basins, Royal Dutch Shell said.

Shell said it started oil production from the Malikai facility about 60 miles off the coast of Malaysia. It’s the company’s second such project in Malaysia and the first of its kind for Shell outside the U.S. waters of the Gulf of Mexico.

Andy Brown, a director for exploration and production for Shell, said in a statement the start of operations in deep Malaysian waters marks a milestone for the company.

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Shell Said to Consider Sale of $1 Billion Malaysia LNG Stake

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cropped-Screen-Shot-2016-09-09-at-20.58.10.jpgBy Elffie Chew and Joyce Koh: 14 October 2016

Royal Dutch Shell Plc is considering a sale of its stake in a Malaysian liquefied natural gas export plant, which could fetch more than $1 billion, people familiar with the matter said.

Shell is gauging interest in its 15 percent stake in MLNG Tiga Sdn., which owns an LNG terminal in Sarawak on the island of Borneo, according to the people. The sale may draw interest from private-equity firms, the people said, asking not to be identified as the process is private. Malaysia’s state-owned Petroliam Nasional Bhd., which holds 60 percent of MLNG Tiga, has pre-emptive rights on the stake, one of the people said.

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Shell Sells Malaysia Offshore Fields

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12 October 2016

Royal Dutch Shell is reportedly selling its participation in various offshore fields in Malaysia, according to media sources.

The supermajor has allegedly signed a deal with Hibiscus Petroleum to sell its 50% stake in the 2011 North Sabah Enhanced Oil Recovery production sharing contract (PSC), which includes four fields and associated infrastructure.

“This is a significant milestone for Hibiscus Petroleum. When we created Hibiscus Petroleum, this was our goal, to invest in Malaysia and to apply our knowledge and experience to create value in our own backyard,” Hibiscus Petroleum Managing Director, Kenneth Pereira, said.

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Shell is streamlining its operations in Malaysia and Norway following its merger with BG Group

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By Micheal Kaufman on Apr 6, 2016

Royal Dutch Shell plc (ADR) (NYSE:RDS.A) has shipped a cargo of Bintulu condensate from Malaysia to New Orleans, Louisiana, Reuters reported citing a trade source familiar with the matter. This is the first time that the US is importing this type of a condensate from Malaysia.

According to news sources, the Polaris, vessel containing 200,000 barrels of the offshore oil produced by the Malaysian state oil giant, Petronas, left the Malaysian terminal in February. The tanker stopped at Singaporean port, before heading towards Louisiana.

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Shell backs out of Malaysian refinery business

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By Jillian AmbroseFeb 2016

Royal Dutch Shell will sell a majority stake in its Malaysian refining business as part of a strategy overhaul to combat plummeting profits.

The Anglo-Dutch firm said it has agreed to sell a 51pc stake in the business for $66.3m to engineering group Malaysian Hengyuan International.

The latest retreat comes alongside plans to sell its marketing business in Denmark and Norway, its LPG businesses in France and a 33.24pc stake in Showa Shell Sekiyu KK.

Shell’s latest financial report due out on Thursday is expected to make clear the heavy toll the ongoing oil price rout has taken on the firm, with full-year profits expected to be 48pc lower than the year before.

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Shell to cut 1,300 jobs in Malaysia over two years

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By Collin Eaton: 29 Sept 2015

HOUSTON — Royal Dutch Shell’s oil unit in Malaysia said it will cut 1,300 jobs, or about 20 percent of its Malaysian workforce, over the next two years as it restructures itself.

Shell Malaysia said Tuesday it is trying to become a more efficient company but gave few details beyond disclosing the coming staff reductions. It said it has made “adjustments” to its upstream portfolio but didn’t elaborate.

“Shell Malaysia is preparing itself to be more competitive in a low oil price environment,” Shell Malaysia Chairman Iain Lo said in a written statement. “Continuing business as usual is not sustainable. We are taking difficult, but necessary action.”

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Shell to Sell Malaysian Refinery?

Screen Shot 2015-01-06 at 21.26.38From a Reuters article published Friday 9 Jan 2015 under the headline:

“Malaysia’s Shell Refining explores options in face of weak margins”

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Shell makes gas discovery offshore Malaysia

Screen Shot 2014-02-10 at 16.29.29Extract from an article published by ShareCast on 17 April 2014

Royal Dutch Shell has made an exploration discovery offshore Malaysia, the oil and gas giant announced on Thursday. The Rosmari-1 well, located 135km offshore in Block SK318, encountered more than 450 metres of gas column after being drilled to a total depth of 2,123 metres.

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Shell Malaysia to invest RM50mil on 50 autoserv outlets nationwide

The StarOnline (Malaysia): Shell to invest RM50mil on 50 autoserv outlets nationwide

SHELL Malaysia will be investing RM50mil to set up 50 Shell autoserv outlets nationwide over the next three to four years.

Sam Hanna, general manager of Shell autoserv Malaysia, said that on average, the company would spend about RM1mil on each new outlet including refurbishment, fittings and stocks.

“It is timely for Malaysia to have such one-stop centres for car maintenance services,” he said in an interview with StarBiz in Johor Baru.

He said the company had spent US$1mil to conduct research on the concept of car service centres and found that car owners in this country are ready for such facilities.

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Shell to shift IT jobs to India, Malaysia

From our Archives, June 2004…

Business-Standard.com: Shell to shift IT jobs to India, Malaysia

PTI / Houston June 08, 2004

In order to improve quality and save $850 million annually beginning in 2008, Shell Oil Co is cutting 600 to 800 information technology jobs in the USA and offshoring most of these jobs to India and Malaysia.

“It’s about reducing cost and improving quality,” said Anne Knisely, manager of corporate media relations for Shell Oil, which is based in Houston and is part of the Royal Dutch-Shell Group of Companies.

Currently, Shell has a total IT manpower of 9,300 personnel globally, including 2,200 in the United States. Most of the domestic IT jobs are in Houston. This cutback will be mostly among temporary staff, whose work will be transferred to low-wage countries. A Dutch IT worker costs the company $85,000 annually, compared to $20,000 for an Indian.

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Malaysian Judge told Shell that they should sue John Donovan in the UK

Dr Huong was buried in multiple injunctions arising from alleged defamatory postings on our website. Shell also attempted to have him committed to prison and was apparently keen that I should become a fellow prisoner, after they gave up trying to lure my father to Malaysia.

By John Donovan

In 2004, EIGHT companies within the Royal Dutch Shell Group collectively took legal action against Dr John Huong (above), a former Shell production geologist who blew the whistle on the reserves scandal and other nefarious activities carried out by Shell executives in breach of the much proclaimed Shell General Business Principles.

Dr Huong was buried in multiple injunctions arising from alleged defamatory postings on our website. Shell also attempted to have him committed to prison in Malaysia and was apparently keen that I should become a fellow prisoner, after they gave up trying to lure my father to Malaysia.

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Shell, Petronas Sign Contracts For Two Malaysian Oil Projects

JANUARY 16, 2012

SINGAPORE (Dow Jones)–Oil major Royal Dutch Shell PLC (RDSB.LN) said Monday it has signed two production-sharing contracts with Malaysia’s state-owned oil and gas company Petroliam Nasional Bhd. for enhanced oil recovery projects offshore Sarawak and Sabah.

The two companies had agreed in November to jointly develop the oil fields in Malaysia using enhanced oil recovery techniques, in a project that was valued at $12 billion, Petronas had said then.

The project is expected to help the Malaysian national explorer extract a greater portion of oil from its existing reserves and extend the life of its oil fields.

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