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Posts under ‘Gas’

Shell Profit Rises on Higher U.S. Oil and Gas Prices

Extracts from a Bloomberg News article by Eduard Gismatullin published 31 July 2014 Royal Dutch Shell Plc (RDSA), Europe’s biggest oil company, said second-quarter earnings rose 33 percent on higher U.S. energy prices and increased production. Profit excluding one-time items and inventory changes gained to $6.1 billion from $4.6 billion a year earlier, The Hague-based […]

Woodside’s Buyback Deal With Shell at Risk of Being Blocked

Extracts from a Bloomberg News article by James Paton dated 31 July 2014 Woodside Petroleum Ltd plan to buy back shares from Royal Dutch Shell Plc for $2.7 billion is at risk of being rejected by shareholders as it falls short of the votes needed to proceed. The buyback is part of Shell’s deal last month […]

Shell’s Pearl GTL: The Largest Gas-To-Liquids Plant In The World

Extract from a Rigzone article published Wednesday 30 July 2014 In 2008, Shell announced it would partner with Qatar Petroleum and build Pearl GTL in order to produce cleaner-burning diesel and kerosene, base oils for top-tier lubricants, a chemical feedstock called naphtha (used to make plastics) and normal paraffin, which is used to produce detergents. […]

FLNG Prelude: A New Dawn in the Age of Maritime & Energy

Extracts from a highly informative MarineLink.com article by Patricia Keefe about the pioneering Shell FLNG Prelude project Aptly named Prelude, at 488 meters long, 74 meters wide, and clocking in at 600,000 tonnes when fully ballasted, the FLNG facility, which is under construction at the Samsung Heavy Industries shipyard in South Korea, will be the […]

Shell Leaves Business Strategy for Russia Unchanged Despite Sanctions

British oil giant is determined to continue its work in Russia and will not change its business strategy in the country, despite the sanctions imposed against Moscow by the United States and European Union, representative of Shell’s press service told RIA Novosti on Friday. MOSCOW, July 25 (RIA Novosti) – British oil giant is determined […]

Europe fails to impose tough sanctions on Russia

Extract from a Seeking Alpha article published 23 July 2014 EU foreign ministers failed to impose any tough sanctions against Russia during a meeting of the bloc’s foreign ministers yesterday, NYT reports. Dependent on Russia’s energy and wary of confrontation, Europe’s leaders have largely decided they will have to live with a newly assertive Russia. […]

‘Shell will try to prevent any sanctions against Russia’

Extracts from a New York Times article by Thomas Erdbrink published 23 July 2014 in the New York edition under the headline: “Despite Anger Over Downed Jetliner, Europe Shies Away From Sanctions on Russia” Shell, the Anglo-Dutch oil giant, which has its head office in The Hague, is one of the largest foreign investors in […]

Death of 193 Dutch Strains Russian Relations for Shell, Heineken

At one point the largest foreign investor in Russia, Shell declined to comment on whether its business would be affected after the downing of the plane. The company lost four employees in the incident, it said yesterday. BloombergBusinessweek article by Celeste Perri, Maud van Gaal and Fred Pals published 22 July 2014 For centuries, the fortunes […]

Qatar’s LNG Dominance Threatened by Shell’s Reported Withdrawal

Extract from an article by Andy Tully published by oil price.com on 21 July 2014 In 2013, however, one Shell well in Block D of the field came up dry, although Qatar had promoted it as a rich source of energy. As a result, Shell decided against even beginning a second exploratory well, anonymous sources […]

Protecting Oil Installations in Nigeria

Extracts from an article published 22 July 2014 by ThisDayLive under the headline: Protecting Oil Installations through Community Engagement At a recent practical dialogue on the security and human rights practices of stakeholders involved in Nigeria’s oil and gas industry, especially within the Niger Delta operational basin, the Global Rights Nigeria disclosed that oil companies […]

A Horrified Netherlands May Rethink Its Economic Ties With Russia

Extract from a BloombergBusinessweek article by Carol Matlack published 21 July 2014 The Netherlands, a nation of traders, generally doesn’t like to let politics interfere with business. The death of 193 Dutch nationals in the Malaysia Airlines  jet crash could change that. Major Dutch companies with business interests in Russia also are drawing fire for […]