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Posts under ‘Iran’

Shell in talks with Iran oil company

Shell in talks with Iran oil company Managing Director of Iran’s Pars Oil Company says oil giant Shell has voiced interest to resume activities in the country’s energy sector. Hossein Vafaee said indirect talks have already started with Shell. The Iranian official also forecast “tough conditions” for Iran once after sanctions against the country are […]

Kashagan to Start Production in 2017, Says Royal Dutch Shell Report

BY MICHELLE WITTE in BUSINESS on 13 APRIL ASTANA – Production at Kazakhstan’s giant Kashagan offshore oil field is expected to restart in 2017, Royal Dutch Shell stated in its 2014 annual report. “After the start of production from the Kashagan field in September 2013, operations had to be stopped in October 2013 due to […]

Royal Dutch Shell And Others Interested In Iran Following Nuclear Deal Agreement

By: MICHEAL KAUFMAN Published: Apr 7, 2015 at 8:20 am EST Iran’s oil exports are set for a boost after a framework nuclear agreement was reached between the country and world powers in Lausanne, Switzerland. The deal also paves the way for international energy groups to make a comeback to the country after a five […]

Can Iran Attract Foreign Investments By Oil Majors Such As BP And Shell plc?

By: MICHEAL KAUFMAN: Published: Apr 1, 2015 at 8:34 am EST Recently, Iran has been exposed to numerous sanctions by the West over concerns that the country was developing a nuclear project. However, talks between the US and Iran have started over a new nuclear deal. If the deal is successful, then sanctions are expected to […]

Iran riches coveted by big oil after decades of conflict

Extracts from a Bloomberg article published 31 March 2015 Iran riches coveted by big oil after decades of conflict Now, as Iran and the US enter 11th hour negotiations to reach a nuclear deal and ease sanctions, the West Asian country is emerging again as a potential prize for western oil companies such as BP, […]

Who Will Rule the Oil Market?

OPINION ARTICLE BY DANIEL YERGIN PUBLISHED IN PRINT BY THE NEW YORK TIMES ON SATURDAY 25 JAN 2015 WASHINGTON — A HISTORIC change of roles is at the heart of the clamor and turmoil over the collapse of oil prices, which have plummeted by 50 percent since September. For decades, Saudi Arabia, backed by the […]

Oil Prices Start Week in Negative Territory

From an article by Georgi Kantchev published by the Wall Street Journal 19 Jan 2015 unde the headline: “Oil Prices Start Week in Negative Territory” Extract LONDON—Oil prices started the week in negative territory on expectations that a sustained recovery is still a long way off. …analysts said they see little evidence that the combination of oversupply […]

BP sees $50 oil for three years

BP can’t be immune to the upheaval. Today its job announcement is focused on the UK. But it won’t be long till it announces staff reductions in Houston, another of its important centres. Robert Peston article published by BBC News 15 Jan 2015 BP sees $50 oil for three years BP’s job announcement later today, […]

Shell still buying Iranian crude

Reuters: Tuesday, Jan 06, 2015 TOKYO – Two of Japan’s biggest buyers of Iranian crude, JX Nippon Oil & Energy Corp and Showa Shell Sekiyu KK, are set to keep their purchases from Tehran largely steady in 2015, their top officials said on Tuesday. Japanese refiners have been making decisions about how much Iranian crude to […]

Tumbling crude prices will lay waste to countries and companies alike

By John Donovan The oil industry is leaving 2014 on a low note as far as oil prices are concerned.  A financial earthquake has hit ExxonMobil, Royal Dutch Shell, BP, Chevron, Conocophillips and Total.  The Sunday Times devoted a whole page article by Danny Fortson to the turmoil resulting from the collapse in the price […]

Oil price to dip to $50 or even lower?

By John Donovan Recognising the seismic significance of the continuing collapse in the price of oil, The Sunday Times devoted several articles to the subject last weekend. It has done the same again this weekend, with coverage in the main newspaper and in the Business Section. Oil price slump puts explorers up for grabs Predators circle… Extracts […]

Shell’s Return to Iran?

Iranian officials have said that Royal Dutch Shell, British Petroleum, France’s Total and Russia’s Lukoil had expressed interest in investing in Iran when the sanctions imposed on Tehran over its nuclear program are eased. read moreLike this:Like Loading…

OPEC IN DISARRAY AS OIL PRICE TUMBLES

Major Opec nations, Russia and US shale oil drillers now appear on the brink of a price war as these three giant producing blocs fight for a greater share of global demand. (Potentially disastrous news for Big Oil – ExxonMobil, Shell, BP, Chevron and Total) The Telegraph: World on brink of oil price war as Opec […]

OIL, OIL, TOIL AND TROUBLE

ARTICLE BY STEVEN HAYWARD, PUBLISHED BY POWERLINE 25 NOVEMBER 2014 The fall OPEC meeting is under way right now in Vienna, and all eyes are on the Saudis, to see whether they will lead a strategy to stop the fall in oil prices, which is putting the crimp on Iran, Russia, and Venezuela, among other […]

Shell CEO on global turmoil’s impact

Screenshots from a Fox Business video of an interview with Royal Dutch Shell CEO Ben van Beurden on 4 Sept 2014 shows the uncertainty that surrounds Shell. Mr van Beurden bluntly made it clear at the May 2014 Shell AGM that Shell’s priority is what is in the economic interests of Shell shareholders, not geopolitical […]

ROYAL DUTCH SHELL PLC AND RUSSIA: BUSINESS AS USUAL

By John Donovan Shell CEO Ben van Beurden was straightforward in what he publicly stated at the 2014 AGM of Royal Dutch Shell Plc. He said that Shell puts the interests of its shareholders first, above any geopolitical considerations. That is his excuse for Shell’s dealings with evil regimes in Iran and Russia, irrespective of […]

Royal Dutch Shell and U.S. Sanctions on Russia

Shell CEO Ben van Beurden bows to President Putin during a meeting held on 18 April 2014 By John Donovan Royal Dutch Shell directors must be feeling anxious again. For some years Shell continued to trade with Iran despite U.S. sanctions and engaged in machinations in an attempt to disguise what was going on.  Today, President […]

Shell, Iran and 9/11

Basically Shell is holding on to over $2 billion of  funds belonging to an ‘adjudicated terrorist’ – Iran – and is denying those funds to the victims of the 9/11 terrorist attack on the World Trade Center. By John Donovan I have already reported how Shell management attempted to exploit the 9/11 attacks for their […]

Total oil debts to Iran exceeds $ 4 bln

Extracts from a Trend article by Umid Niayesh published 20 May 2014 Royal Dutch Shell also has not settled its debts without unveiling further details. Previously Iranian media outlets reported that the country’s oil minister Bijan Namdar Zanganeh has tasked a working group with collecting $2.3 billion debt from Royal Dutch Shell. Shell lost money trading Iranian […]

Royal Dutch Shell shameful record of appeasement

By John Donovan For nearly a hundred years the Royal Dutch Shell Group has appeased and collaborated with evil regimes including Nazi Germany, Nigeria, Brunei, Saudi Arabia, Libya, Iran, Iraq under Saddam Hussein, Apartheid South Africa and with Putin of Russia, despite his annexation of Sakhalin2 and Crimea. Anything to earn a buck irrespective of ethics, […]

BP and Shell exposed as US prepares first warning shot against Russia’s oil and gas industry

Firms may be forced to curtail operations as G7 powers prepare to launch new sanctions    Extract from an article by Ambrose Evans-Pritchard published1:28PM BST 27 Apr 2014 by The Telegraph Britain’s top energy companies face an extremely delicate situation as the world’s G7 powers prepare to launch the next wave of sanctions against Russia, and […]

Royal Dutch Shell CEO Ben van Beurden Bows to Putin

Shell’s Ben van Beurden bows to Putin: Good Friday, 18 April 2014 For over a 100 years, Shell has been driven by unscrupulous greed as its sole motivator. Shell funded Hitler and the Nazis party and has subsequently done business with a string of evil regimes, including General Sani Abacha, Gaddafi, Saddam Hussein and the […]

US To Stay Tough On Iran Sanctions Despite Deal

By Scott Flaherty Law360, New York (February 04, 2014, 4:27 PM ET) — The U.S. will continue stiff enforcement of existing economic sanctions against Iran despite an interim deal offering some sanctions relief in exchange for commitments from the Middle Eastern country regarding its nuclear program, top Obama administration officials told Congress Tuesday. ACCESS TO […]

Iraq and Iran plot oil revolution in challenge to Saudi Arabia

Iraq’s goal of pumping 9m barrels a day of crude could be a game changer for oil prices and British companies: British oil giants BP and Royal Dutch Shell are also poised to benefit from Iraq’s ambitious production plans. Both companies are already managing two huge oil fields in southern Iraq which are vital if Baghdad […]

Iran courts western oil majors at Davos

FINANCIAL TIMES In a closed-door meeting on Thursday, including BP, Eni, Royal Dutch Shell and Total, on the sidelines of the World Economic Forum in Davos, Mr Rouhani and his oil minister Bijan Namdar Zanganeh told executives to submit contracts they would like to see Iran adopt. FULL FT ARTICLE Like this:Like Loading…

Tehran officially invites Shell, BP to invest in Iranian oil projects

By Rahim Zamanov – Trend: Baku, Azerbaijan, Jan. 17 Iranian Oil Minister Bijan Namdar Zanganeh has formally invited giant British oil companies, Royal Dutch Shell and British Petroleum, to take part in the country’s oil and gas projects, Iranian Mehr News Agency reported on Jan. 17. The British companies say they will return to Iranian projects […]

Big Oil sits out lobbying on Iran as Congress stands firm

The companies that have lobbied Congress this year have largely been U.S. divisions of larger international oil companies, such as BP America, part of London-based BP Plc and Shell Oil Co, the U.S. unit of Royal Dutch Shell Plc. By Timothy Gardner and Andy Sullivan: WASHINGTON Sun Dec 22, 2013 7:24am EST (Reuters) – As […]

BP and Shell among oil firms Iran wants back in country

Iranian Oil Minister seeks talks with oil giants to return Iran to help tap world’s fourth-largest oil reserves after sanctions are lifted By Reuters: 2:25PM GMT 04 Dec 2013 Iran on Wednesday named seven Western oil companies it wants back in its vast oil and gas fields once international sanctions are lifted and said it […]

European oil giants to talk terms with Iran

Oil ministry officials from Tehran to meet executives from European oil companies and industry experts in London early next year to present the terms upon which they will be invited back By Andrew Critchlow: 8:00PM GMT 01 Dec 2013 Iran is stepping up its engagement with European oil companies ahead of inviting them back to […]

Iran opens contacts with oil groups

FINANCIAL TIMES November 26, 2013 In his first interview with the foreign media, the minister who persuaded the likes of Total, Royal Dutch Shell, Eni and Statoil to invest in the oil and gas sector in the 1990s despite US sanctions, said these companies were now among those he was seeking to attract back to […]

Shell and Iran on Dutch TV

John Perhaps you can give a little ‘heads up’ to your followers in the Netherlands. On TV station Nederland 2 there is the programme ‘Tegenlicht’. Shell apparently refused to cooperate so they did the research on big data available on the internet. In a preview yesterday evening it was claimed that all will be revealed […]

Tapping Irans oil and gas vital for world demand, say Shell and Total

Lifting sanctions and opening up Iran’s vast oil and gas resources to global companies will be vital to meeting the world’s future energy needs, according to the chief executives of two of Europe’s top oil companies. Before the tightening of sanctions against Iran a few years ago, Shell and Total were two of the most […]

Shell chief Peter Voser warns of oil crunch without investment

Some analysts have questioned whether a change in management at Shell, with Ben van Beurden due to take over in three months, could see a change in strategy to focus the company on greater returns. JP Morgan asked in a recent investor note: “Does he want to run a lowly-rated, large company or create a […]

The Dark Side of Energy Independence

By BENJAMIN ALTER and EDWARD FISHMAN A version of this op-ed appeared in print on April 28, 2013, on page SR5 of the New York edition JUST as the world was writing off America as a declining power, the country now finds itself on the cusp of realizing one of its longstanding goals: energy independence. […]

UK blocks Shell paying Iran oil debt in food, medicine

“Trying to avoid the odium of its association with the mad mullahs, Shell has in the past resorted to subterfuge to disguise its shipments of Iranian crude. The relationship between Shell and Iran has in fact continued unabated for many years, while the fanatical Iranian regime has been busy using the funds generated to supply […]

City Diary: Shell chief reins in horseplay … for now

Under-fire Shell chief Peter Voser — grappling with the US government’s frosty feedback on Shell’s Arctic plans and the $2.3bn (£1.5bn) IOU to Iran.. By Harriet Dennys, City Diary Editor: 7:00AM GMT 22 Mar 2013 Business before pleasure for Royal Dutch Shell’s horseracing-mad executive Steve Harman. Such is Harman’s dedication to leading the oil giant’s […]

Shell owes Iran $2.3 billion

Published: March. 21, 2013 at 8:17 AM THE HAGUE, Netherlands, March 21 (UPI) — The estimated $2.3 billion payable to the National Iranian Oil Co. can’t be settled because of sanctions imposed on Iran, Royal Dutch Shell said. Shell published its annual Form 20-F for 2012, which provides a comprehensive detail of financial activity for […]

Update on cyber-espionage attacks

By John Donovan: High tech sophisticated attacks are still targeting this website every few minutes, day and night. Someone with very deep pockets continues to spend a lot of time and resources trying to disrupt and thwart our activities. The associated threats also continue. I wonder when whoever is responsible will realise that their efforts […]

Shell reveals Iranian oil trade loss, $2.3 bln Iran debt

By John Donovan: Despite giving the impression to the contrary, as this Reuters article confirms, Royal Dutch Shell has continued funding a fanatical regime intent on the extermination of the Jewish people. Iran is bent on developing nuclear weapons to destroy Israel, finishing the job that Shell’s former Nazi partners embarked upon, killing millions of […]

Susan Rice, Royal Dutch Shell and Iran

In what might turn out to be the final set of nails in the coffin of her Secretary of State ambitions, it turns out that U.N. Ambassador Susan Rice has huge foreign investments, including several companies that are doing business with Iran.  She has ties to one company, Royal Dutch Shell, that stands to make […]