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Shell News Update 22 June 2017

India’s LNG-led gas market may grow over 6 times by 2030: Royal Dutch Shell: Business Standard: 22 June 2017

Global oil major says that India may see at least six times growth in by 2030 from the current levels. It adds that liquefied natural gas (LNG) may be the largest contributor to it.

Brains behind Shell’s iconic Brent bid final farewell: EnergyVoice.com: 22 June 2017

Shell gave some of its former employees the chance to bid farewell to the platform, which generated more than £35billion over its four decades.

Oil Majors Snatch Up Mexican Oil Blocks: OilPrice.com: 21 June 2017

Other top-tier oil companies won blocks as well – Russia’s Lukoil took one, and Total SA and Royal Dutch Shell joined hands to win another. It marked Shell’s first upstream entry into Mexico.

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Shell News Update Thursday 6 April 2017

Shell Plans to Tap Gas Hunger in Emerging Energy Demand Center: BLOOMBERG NEWS

Royal Dutch Shell Plc plans to boost its gas marketing business in India and may expand its import capacity for the fuel as it seeks to tap the country’s demand-growth potential.

LNG producers turn to trading, risk taking to maintain market share: REUTERS

* Large volume, long-term contracts now “more difficult” -Shell

* Woodside, Shell see big opportunity in small-scale LNG

Shell News Monday 3 April 2017

Shell withdraws from Kakinada gas project: Business Standard

European oil and gas company Royal Dutch Shell has decided to discontinue its earlier proposal for a floating liquefied natural gas (LNG) import terminal off the Kakinada coast in Andhra Pradesh. The company said ample research had showed lack of adequate demand for liquid gas. “We have put a pause on that project. We worked closely with our partners and engineers and took it to the point where our engineering work was done and we were ready to go. We looked around (but) there was not enough demand. We cannot just spend hundreds of millions and do nothing.

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SHELL NEWS UPDATE FRIDAY 31 MARCH 2017

Shell shuts Bonny Light oil export line to remove theft points: Reuters/Daily Mail

LONDON, March 31 (Reuters) – The Nigerian subsidiary of Royal Dutch Shell Plc said it had shut down the Nembe Creek Trunk Line, which exports Bonny Light crude oil, in order to remove theft points.

Shell plans to double Hazira LNG plant capacity – India head: Reuters/Daily Mail

March 31 (Reuters) – Royal Dutch Shell Plc plans to double the capacity of its liquefied natural gas import facility at Hazira on India’s west coast to 10 million tonnes a year, a top company executive said on Friday.

Shell Opens New Technology Hub in India: RIGZONE

Royal Dutch Shell plc has opened a new major technology hub in Bangalore, India, which can house up to 1,500 workers.

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Think Twice Before Disclosing An Idea To Shell

By John Donovan

I see that Shell is still energetically trawling for other people’s ideas, this time in India and Singapore.

Shell has used a number of elaborate schemes under different names – GameChanger, Ideas360 etc – in an attempt to entice innovators into disclosing their ideas.

The latest vehicles are Shell #makethefuture Accelerator India 2017 and Make the Future Singapore.

All very well, providing Shell does not steal the ideas caught in their country wide nets.

That might seem a preposterous and libellous suggestion, but from my perspective, it is a genuine concern.

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Another Nigerian oil scam

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$15b Indian loan: Little meat in the bone

By Sonny Atumah

It  appears the proposed Nigeria US$15 billion facility from India may be a loansharking. The loan would be repaid with long term contract to supply crude oil to Indian Public Sector Undertakings, PSU (government owned corporations) that are mostly engaged in refining of petroleum products and in petrochemicals. The deal may also be in refining, executing City Gas Distribution, CGD, and Liquefied Petroleum Gas, LPG infrastructure projects by Indian PSUs.

The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu with his Indian counterpart in charge of Petroleum and Natural Gas, Shri Dharmendra Pradhan are putting thoughts on paper in a memorandum of understanding, MOU to be firmed up at the PETROTECH 2016, the 12th biennial International Oil and Gas Conference and Exhibition at the Vigyan Bhavan in the Indian National Capital Territory, Delhi from December 5-7, 2016.

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Oil Majors Queue in Iran as $30 Billion of Projects in Play

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by Golnar MotevalliAnthony Dipaola and Hashem Kalantari: November 28, 2015: Bloomberg.com

  • Shell, Total, Lukoil interested in specific Iranian fields

  • Iran seeks to sign first oil development deal in March, April

Total SA, Royal Dutch Shell Plc and Lukoil PJSC are among international companies that have selected oil and natural gas deposits to develop in Iran as the holder of the world’s fourth-largest crude reserves presents $30 billion worth of projects to investors.

Total is one of the companies that have been in the forefront of discussions and Eni SpA is also looking to invest, Oil Minister Bijan Namdar Zanganeh said. Shell, Total and Lukoil all specified fields they would be interested in developing in Iran, Ali Kardor, deputy director of investment and financing at National Iranian Oil Co. said in an interview in Tehran.

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Royal Dutch Shell, Exxon Mobil and Glencore: Energy companies risk wasting trillions on uneconomic projects

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By Jessica Morris: 25 November 2015

Energy companies risk wasting $2.2 trillion (£1.46 trillion) on uneconomic projects over the next 10 years, according to a new report.

Think tank the Carbon Tracker Initiative’s (CTI) report how fossil fuel firms risk destroying investor returns says energy companies’ focus on fossil fuels at the expense of emerging clean technologies could put them out of kilter with environmental regulation, which will eventually dampen demand.

It comes ahead of next week’s Paris Climate Change Conference (COP21) which is expected to result in, or at least pave the way for, more climate change legislation.

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Shell bets big on India with its second LNG terminal

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Screen Shot 2015-09-25 at 08.10.20Shell expects LNG demand to rise by 5% every year over the next couple of decades while global gas demand is growing at 2%

By: Siddhartha P Saikia | Singapore | September 25, 2015 5:39 AM

Royal Dutch Shell, which set up a 5 million tonne LNG terminal at Hazira in Gujarat nearly a decade back, is targeting to grab a bigger share of the growing demand for imported gas in India. The Hague-based global energy giant is planning to set up a floating LNG facility on the east coast — at Kakinada in Andhra Pradesh.

Recently, Andhra Pradesh Gas Distribution Corporation (APGDC), GDF Suez, Shell and GAIL have signed a memorandum of understanding (MoU) to set up a floating LNG terminal with an initial capacity of 5 mt, which could be doubled at a later stage. “We have been very constructively working on the project (LNG terminal) on the east coast. We really believe in the India gas market,” said Maaten Wetselaar, executive vice present for Shell Integrated Gas in Singapore.

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Brazil regulator tells Shell, partners to develop two oilfields as one

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Screen Shot 2015-07-31 at 19.22.09RIO DE JANEIRO | BY MARTA NOGUEIRA: 18 Aug 2015

Brazil’s National Petroleum Agency (ANP) ruled that Royal Dutch Shell (RDSa.L) and its Qatari and Indian partners need to treat oil and gas fields in the Parque das Conchas area as a single deposit, Shell said, a move that could increase taxes on output.

Shell owns 50 percent of Parque das Conchas, its main Brazilian asset. Qatar’s state oil company Qatar Petroleum [QATPE.UL] owns 23 percent and India’s ONGC (ONGC.NS) owns 27 percent.

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Iran releases list of oil money debtors

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The oil major Royal Dutch Shell owes Tehran $2.8 billion while it made a net loss of $6 million trading Iranian oil in 2012.

TEHRAN, Jul. 26 (MNA) – Iran’s Central Bank and National Oil Company released the list of companies and refineries owing oil dues to Iran.

During the period US and European sanctions prevented international banks from transferring money to the Islamic Republic, billions of Iran’s oil revenues were frozen in banks overseas.

In a joint statement released by the Central Bank of Iran (CBI) and the National Iranian Oil Company (NIOC) the oil giants and refineries owing to Iran were listed, in which some Greek refineries, British-Dutch-owned Shell refineries, BP, South Korean Petrochemical and Polymer Company, along with Indian refineries top the list of Iran’s oil debtors.

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Shell may re-enter the upstream business in India

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Screen Shot 2015-01-06 at 21.26.38By Sanjeev Choudhary, ET Bureau | 8 Jun, 2015

NEW DELHI: Royal Dutch Shell Plc is bullish about India’s gas market and may re-enter the upstream business in the country if the government offered a stable policy and an open acreage licence to explorers, senior company executives said.

“We would continue to look at upstream opportunities in India,” said Harry Brekelmans, projects & technology director and a member of the top executive committee at Shell. “At the moment, we have not been able to see anything that is attractive ..

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