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Posts under ‘China’

CNPC, Shell strengthen global cooperation

Extracts from an article published 10 April 2014 by Oil & Gas Journal China National Petroleum Corp. (CNPC) and Royal Dutch Shell PLC have reached an agreement to deepen their strategic partnership by increasing cooperation in the development of both companies’ global projects. The agreement—China Petroleum & Shell Global Cooperation Agreement—was signed by the two […]

Only one in five global shale basins may succeed, Wood Mackenzie says

Extract from an article by James Paton published 8 April 2014 by PERTH, Australia (Bloomberg) — Only one in five global shale regions may succeed in producing significant amounts of oil and gas as countries from China to Argentina seek to emulate the U.S. boom, said energy consultants Wood Mackenzie. Oil companies from Shell […]

Shell, CNPC to cooperate in deep-sea exploration, shale gas

Extracts from a Reuters article published Wednesday 9 April 2014 BEIJING, April 9 (Reuters) – Royal Dutch Shell and the China National Petroleum Corp(CNPC) have signed a deal to boost cooperation in sectors like deep sea exploration as well as liquefied natural gas (LNG) and unconventional gas sources like shale, CNPC said on Wednesday. The […]

China a sink hole for Royal Dutch Shell

There are so many things wrong in China and RDS has no idea of what is going on. Investors be aware that it is a sink hole with no financial bottom and the “good ole boy” politics are in play in China. Posting on Shell Blog by “Tyler” on 2014/04/05 at 04:04 Let’s talk China. […]

Shell turns to Asian suppliers in US shale race

Extract from an article by Guy Chazan and James Wilson published by The Financial Times on 1 April 2014 Royal Dutch Shell has said it will deploy more Chinese equipment at its struggling US shale business – becoming the latest natural resources company to try to reduce costs by switching to cheaper Asian suppliers. Mr […]

Shell turning to Asian suppliers

Extract from an articled published on 1 April 2014 by Seeking Alpha under the headline: Shell turning to Asian suppliers, underscoring threat to Caterpillar, Joy Global Royal Dutch Shell (RDS.A, RDS.B) says it will use more Chinese equipment at its struggling U.S. shale business, becoming the latest natural resources company to try to reduce costs […]

Shell, CNPC to jointly seek shale gas in Sichuan Basin

Extracts from a China Daily article published 26 March 2014 by Energy conglomerate Royal Dutch Shell Plc is committing to a “substantial investment” in exploring for conventional and unconventional gas in China to quench the growing thirst for clean energy in the world’s second-largest economy. The company will continue its exploration of shale gas […]

Cash All Gone

Extracts from an article by Jim Landers published on 10 March 2014 by The Dallas Morning News under the headline: “Petroleum project costs worldwide benefit Texas prospect” The cost of developing the world’s largest oil and natural gas fields has reached heights straining the budgets of even the largest oil companies. Royal Dutch Shell, Exxon […]

Shell’s higher risk for lower returns

Stephen Bartholomeusz: 20 January 2014 Shell had previously flagged a major spring cleaning program under which it plans to sell at least $US15 billion of assets over the next couple of years, with its residual 23 per cent stake expected to be offloaded imminently. Its Geelong refinery and potentially its retail business are also up […]

Western energy companies flocking to China to unlock shale reserves

FINANCIAL TIMES ExxonMobil, Chevron and ConocoPhillips of the US, and Royal Dutch Shell, Total and Eni from Europe, are among the international oil companies that have signed deals to explore shale resources in China. Yet for all the excitement, the future of China’s shale remains cloudy.  FULL FT ARTICLE

Woodside stake may be split if Shell sells out

Bankers say the holding is an obvious selloff candidate for incoming Chief Executive Ben van Beurden, who takes the job on January 1 and will offer strategy pointers on January 30 along with fourth-quarter results. LONDON Wed Dec 25, 2013 8:09am GMT (Reuters) – Royal Dutch Shell’s (RDSa.L) 23.1 percent stake in Australian oil and […]

Shell Exiting Woodside Opens Door to China Bids: Real M&A

Royal Dutch Shell Plc’s (RDSA) long-awaited sale of its $6.4 billion stake in Woodside Petroleum Ltd. may open the door for Asian buyers to grab a slice of Australia’s second-largest oil and gas producer, or even the whole company. By Angus Whitley and James Paton Dec 15, 2013 7:00 PM GMT Royal Dutch Shell Plc’s […]

How to Play the Largest Shale Gas Reserves in the World

By Callum Turcan | December 3, 2013 The U.S. has undergone a major energy boom as a result of shale drilling, but it isn’t the only nation with expansive shale gas reserves. The U.S. Energy Information Administration estimates that China could be sitting on top of 1,275 trillion cubic feet of natural gas, 50% more […]

Shell Produces Gas at Record Low Cost in China

By Charles Kennedy | Tue, 26 November 2013 Royal Dutch Shell has announced it is producing natural gas at its Changbei project in China at a major discount and plans to start test production in the second phase by late next year or early 2015. In partnership with PetroChina, Shell is producing natural gas from […]