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Posts under ‘China’

President Obama Scuttling the good ship UNITED STATES OF AMERICA

By John Donovan I am a UK citizen and therefore have no say in US politics.  I am just an observer who has travelled extensively in the USA over many decades and as a result grew to love America and its people.  President Obama seems like a thoroughly nice man with a lovely family. That’s the positive […]

Shell sails ahead without UK shale

Extracts from an article by Andrew Critchlow published in The Sunday Telegraph on 6 July 2014 Shale gas is likely to play an increasingly important role in powering Britain’s growth but don’t expect the country’s largest oil and gas company, Royal Dutch Shell, to help create a fracking-led energy revolution. Andrew Brown, director of upstream international […]

Pipeline problems cloud Kashagan oil outlook

Extract from a Geoff Hiscock article published by The Australian on 2 July 2014 A YEAR ago, one of the world’s biggest oil and gas projects, the massive Kashagan field in Kazakhstan’s part of the Caspian Sea, was on the verge of starting production after more than a decade of development and US$40 billion in […]

Making Shell more palatable as an acquisition target?

From a regular contributor I think the Ho Ho line may be one of the assets being sold as part of the IPO announced today. http://royaldutchshellplc.com/2014/03/08/shell-says-ho-ho-pipeline-shut-after-leak-in-texas/  Document filed with United States Securities and Exchange Commission 18 June 2014 On another subject completely….the Chinese have done a large scale LNG deal with BP and at the […]

Shell signs global strategic alliance agreement with CNOOC

(Reuters) – Royal Dutch Shell: Tuesday, 17 June 2014 * Shell and CNOOC sign global strategic alliance agreement * Shell and China National Offshore Oil Corporation (cnooc) announced today that they have signed a global strategic alliance agreement * Under agreement, companies also commit to exploring potential cooperation opportunities in upstream, midstream and downstream * […]

BP And Shell Land China Deals

Extracts from an article by Sky News City Editor Mark Kleinman published 16 June 2014 under the headline: “BP And Shell Land China Deals As Premier Visits” Sky News has learnt that BP and Shell are expected to announce agreements on Tuesday as part of a slate of trade deals to be trumpeted by David […]

Shell senses huge profit potential in China

From the China Daily website Ecns.cn published Friday 13 June 2014 Multinational oil company Royal Dutch Shell Plc will continue to invest in China and considers the country to be its most important market in which to grow its retail business, a senior official said on Thursday. Istvan Kapitany, executive vice-president of Shell Retail, said […]

China gets into bed with Putin

Extract from an Investors Chronicle article published 29 May 2014 In the week in which Prince Charles demonstrated that he had inherited his father’s gift for diplomacy, Russia and China finally signed a $400bn (£238bn) gas supply deal that had been a decade in the making. The timing couldn’t have been better, at least from […]

Kashagan ‘Cash All Gone’ Pipeline Debacle

Shell has been a key participant in the Kashagan project consortium which includes Eni and ExxonMobil. Given its notorious track record of over-promise and under delivery, having Shell involved is a bad omen for any elephant project. By John Donovan The latest news from the “Cash All Gone” project (as it is widely known) is […]

Kashagan oilfield may not restart until 2016

Extracts from a Reuters article by Mariya Gordeyeva published 21 May 2014 under the headline: Kashagan oilfield may not restart until 2016, Kazakh minister says May 21 (Reuters) – Oil output at Kazakhstan’s giant Kashagan field may not resume until early 2016, Kazakh Oil and Gas Minister Uzakbai Karabalin said on Wednesday, urging foreign partners […]

Kazakh Minister: All Kashagan Pipelines To Be Replaced

Extracts from a Reuters article by Olesya Astakhova published 15 May 2014 MOSCOW, May 15 (Reuters) – The consortium developing the giant Kashagan oilfield will have to replace the entire pipeline system at the deposit, Kazakhstan’s oil minister said on Thursday, confirming that output there would not resume this year. The North Caspian Operating Company (NCOC) developing […]