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Posts under ‘Iraq’

Nigeria: Shell Rules Out Divestment in Nigeria, Others This Year

Article by Daniel Adugbo published 1 May 2015 by AllAfrica.com Shell Rules Out Divestment in Nigeria, Others This Year Royal Dutch Shell said yesterday it had reduced its expected 2015 capital expenditure (capex) to $33 billion from $35 billion as the company continues to adjust its business to the lower oil-price. Releasing its first-quarter results […]

Shell cuts 2015 capex, sees downstream downturn

Shell cuts 2015 capex, sees downstream downturn London (Platts)–30 Apr 2015 * Capex reduced by more than $2 billion * Decision on Majnoon development pushed back to 2017 * CFO says refining margins already worsening Shell said Thursday it had reduced its expected 2015 capital expenditure to $33 billion from previous guidance of a little […]

Oil companies offer to cut 2015 spending in Iraq

* Iraq seeks to stem losses from falling oil prices * Calls on firms to reduce development costs * Baghdad seeks amended contracts to “share risk” * Says companies should maintain output despite changes MR_Story By Ahmed Rasheed BAGHDAD, March 12 ( Reuters ) – Oil companies have proposed millions of dollars of cuts in […]

Shell signs $11 billion deal to build petrochemicals plant in Iraq

FROM REUTERS Shell signs $11 billion deal to build petrochemicals plant in Iraq (Reuters) – Royal Dutch Shell (RDSa.L) signed deal with Iraq worth $11 billion (7 billion pounds) to build a petrochemicals plant in the southern oil hub of Basra, Industry Minister Nasser al-Esawi said on Wednesday. Esawi told a press conference in Baghdad […]

Oil prices down by almost 50%

From an article published by Bloomberg News Friday 2 Jan 2015 Oil dropped to the lowest in more than five and a half years amid growing supply from Russia and Iraq and signs of manufacturing weakness in Europe and China. Oil output in Russia and Iraq surged to the highest levels in decades in December, […]

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 […]

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 […]

Oil explorers hit rock bottom

Extract from an extensive FT article by Guy Chazan published 2 July 2014 International exploration and production companies – or E&Ps – were once stock market darlings. But E&Ps have lost their lustre. That is partly because they seem to have lost the knack of discovering oil. FULL FT ARTICLE Like this:Like Loading…

Marvin Odum speaks out

Article by M. Nadeem published 27 June 2014 by insider monkey.com under the headline: “Royal Dutch Shell plc’s Subsidiary Shell Oil Company President Marvin Odum Discusses Energy Industry State” In a Fox News’ Opening Bell program on June 27, Shell Oil Company’s, a subsidiary of Royal Dutch Shell plc), President, Marvin Odum, talked about the […]

BP and Shell keep a watchful eye on events in Iraq

Extracts from a This Is Money/Daily Mail article by Rob Reed published 27 June 2014 under the headline: “BP and Shell keep a watchful eye on events in Iraq as violence continues to escalate in the region” The upward pressure on oil prices since terror group ISIS began its horrific offensive has been echoed by […]

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, […]

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 […]

Shell-led consortium boosts production at Iraq’s prized Majnoon oil field

By Associated Press, Published: October 6 BAGHDAD — An Iraqi official says a consortium led by Royal Dutch Shell has boosted production at a prized oil field in the country’s south to 175,000 barrels a day, speaking at a ceremony formally inaugurating commercial production.The head of the state-run South Oil Company, Dhia Jaafar, said Sunday that […]

An Uphill Climb for the Oil Giants

The big international oil companies are going through a crisis little noticed by analysts and the markets. It is a crisis of results and of vision. Simply put, the majors — companies like Exxon Mobil, Royal Dutch Shell and BP — aren’t growing. They have discovered relatively little oil in recent years despite increasing investment. […]

Iraq blames Shell for $4.6 bln lost income: letter

Iraq’s oil ministry, struggling with sputtering output, has blamed Anglo-Dutch energy giant Shell over $4.6 billion in lost revenue due to production delays, in a letter seen by AFP on Monday. BAGHDAD (AFP) 26 Aug 2013 Iraq’s oil ministry, struggling with sputtering output, has blamed Anglo-Dutch energy giant Shell over $4.6 billion in lost revenue […]

The hunt for WMDs in the oil price process

Monday, July 08, 2013: The EC raid on the offices of BP, Shell and Statoil on May 14th seeking evidence of oil price manipulation has created a level of consternation not seen since the hunt for weapons of mass destruction (WMDs) in Iraq. If the WMDs had been there they would probably have been found. […]

Iraq’s 2013 oil target within reach, 2014 to disappoint

Fri Jun 21, 2013 10:39am EDT * Production flatlines at 3 mln bpd in first half * Target of 3.4 mln by end year “doable” * New oilfields due on stream include Shell’s Majnoon * 2014 goal of 4.5 mln bpd seen as unachievable By Peg Mackey and Alex Lawler LONDON, June 21 (Reuters) – […]

First Production from Iraq’s Majnoon Field

By Sarah Ken: June 18, 2013 LONDON–First production from Iraq’s Majnoon field is expected in July, Thamir Ghadbhan, top energy advisor to Iraqi Prime Minister Nouri al-Maliki said Tuesday. The giant Majnoon oil field is being developed by a consortium led by Royal Dutch Shell PLC … FULL ARTICLE Like this:Like Loading…

Shell to Start Iraq Oil Output Amid Plans for Saudi Investments

By Maher Chmaytelli and Nayla Razzouk: May 16, 2013 Royal Dutch Shell Plc (RDSA) will start producing crude at Iraq’s Majnoon oil field as early as next month and plans to increase energy investments in Saudi Arabia, its regional vice president said. Output from Majnoon, one of Iraq’s largest oil fields, will start “around mid-year” […]

News on Irish oil and gas exploration 5 May 2013

News on Irish oil and gas exploration kindly supplied by a regular contributor ExxonMobil kicks off Irish drilling campaign: Financial Times-But the US oil major and its partners will be hoping to successfully replicate the …. But the field, acquired by Shell, has attracted a wave of local … US explorer Kosmos may spend $200m on Irish wells: Irish Independent-Apr 18, 2013 […]

Shell Starts World’s Largest Gas-Capturing Plant in Iraq

By Kadhim Ajrash & Nayla Razzouk – May 1, 2013 1:32 PM GMT+0100 Royal Dutch Shell Plc. (RDSA) and Mitsubishi Corp. (8058) started operations at a $17-billion joint venture to capture gas from some of Iraq’s largest oil fields. The Basrah Gas Co. project, the biggest of its kind, captures so-called associated gas flared from […]

Iraq, Royal Dutch Shell kick off major gas project in oil-rich south

By Associated Press, Updated: Wednesday, May 1, 1:16 PM BAGHDAD — Royal Dutch Shell says it has officially kicked off a multibillion-dollar project to tap natural gas in Iraq’s south.The $17 billion joint venture will gather, process and market associated gas, a by-product of producing oil, from three oil fields in the petroleum-rich province of […]

Shell, Mitsubishi Will Start Iraq Plant on April 15

By Khalid Al-Ansary and Nayla Razzouk on April 11, 2013 Royal Dutch Shell Plc (RDSA) and Mitsubishi Corp. (8058) will start capturing gas from Iraq’s oil fields next week in a $17 billion project known as Basra Gas Co. “Basra Gas Co. will start operations officially on April 15,” said Ali Hussain Khudayir, director general […]

Selection of links to Shell related articles 1 April 2013

Selection of links to Shell related articles kindly supplied by a regular contributor Niger Delta fishermen want N4.32b from Shell: P.M. News-We are appealing to Federal Government, Shell Company and NOSDRA to look into the hardship caused by the oil spill on our members in the … Kiobel case: Corporate accountability for human rights abuses: […]

Shell to invest $1 bln at big Iraq oilfield: official

Arif Mohammed, Reuters: Saturday, 16 March 2013 Royal Dutch Shell will spend more than $1 billion this year developing one of Iraq major oilfields, where it will resume operations on May 1, officials said on Saturday. “The figure for the budget will exceed one billion dollars,” said Mehdi Badi, the head of the joint management […]

Selection of Shell related article links 19 January 2013

Selection of Shell related article links kindly supplied by a regular contributor Scope of damage to Shell drill vessel more clear: Alaska Dispatch-The Kulluk, a floating rig that’s been used in Shell’s offshore oil and gas exploration in Alaska’s Arctic, suffered damage “consistent with what is … The Cordova Times – Opinion: We’ve been warned: […]

Shell did not sign Kurdish deal, Baghdad says

Florian Neuhof: Sept 28, 2012 Baghdad has denied reports Royal Dutch Shell will become the latest oil major to set up shop in the autonomous Kurdish north. “We don’t have any discussions with the Kurdish regional government [KRG] about working in the region,” a statement released by the office of Iraq’s deputy prime minister for […]

Iraq Says Shell Denies Talks With Kurds on Energy Projects

By Kadhim Ajrash on September 26, 2012 Royal Dutch Shell Plc (RDSA) said it isn’t in talks with authorities in Iraq’s semi-autonomous Kurdish region about energy projects in the northern area, a government spokesman said. Hans Nijkamp, Shell’s country chairman for Iraq, spoke during a meeting with the deputy prime minister for energy affairs, Hussain […]

Iraq says Shell denies oil talks with Kurdistan

Wed Sept 26, 2012 12:50pm EDT * Baghdad angry over reports Shell in talks -govt sources * Shell says that in time it wants to work in all of Iraq (Reuters) – Iraq said on Wednesday that Royal Dutch Shell has denied starting talks with Iraqi Kurdistan to sign energy deals with the semi-autonomous region. […]

Shell says may miss 2012 Majnoon output target

DUBAI, Sept 18 | Tue Sep 18, 2012 3:33pm IST (Reuters) – Royal Dutch Shell’s Majnoon oilfield in Iraq, hampered by pipeline construction delays, may miss a 2012 target of 175,000 barrels per day. “It would be fair to say the progress has been slower than we originally hoped,” Mark Carne, executive vice president for […]

Selection of links to Shell related articles

A REGULAR CONTRIBUTOR SUGGESTS THAT THESE MAINLY SHELL RELATED ARTICLES MAY BE OF INTEREST TO SOME OF OUR READERS. LINKS PROVIDED. Shell and Stop & Shop Help Greater Boston Customers Save on Fuel Shell mulls bid in Iraq oil auction [National, The (United Arab … Pennsylvania’s Shell deal is bipartisan effort Vegetable oil fuel ‘David’ […]

Exclusive: Iraq pipeline delays threaten Shell’s Majnoon

Published: Sunday, 26 Aug 2012 | 9:40 AM ET BAGHDAD (Reuters) – Delays in Iraq’s pipeline construction threaten to stall production at Royal Dutch Shell’s <RDSa.L> Majnoon oilfield for at least three months, forcing the field to miss a 2012 target of 175,000 barrels per day, oil ministry documents showed.Wary of losses, Shell has asked […]

Shell to start pumping gas at southern Iraq project

BAGHDAD | Wed Jul 11, 2012 12:10pm EDT (Reuters) – Royal Dutch Shell (RDSa.L) plans to start pumping gas from its gas joint venture in southern Iraq in the next three weeks at 60 million cubic feet per day, Iraq said on Wednesday. Shell and Mitsubishi Corporation (8058.T) signed a $17 billion deal with Iraq […]

Shell joins 3rd BASRA OIL & GAS INTERNATIONAL CONFERENCE & EXHIBITION

Shell joins 3rd BASRA OIL & GAS INTERNATIONAL CONFERENCE & EXHIBITION WORKING LINKS CLICK to book your seat Click to request more information about the event Like this:Like Loading…

LEAKED CONFIDENTIAL SHELL MAJNOON OIL FIELD REPORT

LEAKED SHELL MAJNOON OIL FIELD (IRAQ) 25 PAGE WEEKLY SITE REPORT “MAJNOON HAPPENINGS” DATED 10 JUNE 2012 TEXT HIGHLIGHTED IN RED: “The information included in the report is confidential“  25 PAGE CONFIDENTIAL REPORT Like this:Like Loading…

From Battlefield to Oilfield

Searching for buried explosives inch by inch across a landmass the size of Bahrain is all part of a day’s work for Ken Portanger, Shell Iraq’s Explosive Removal team lead. Littered with mines, grenades, missiles and other deadly munitions, the Majnoon site is a stark reminder of the field’s turbulent past. Located along the border […]

Shell Says Speeding Up Work on Using Flared Iraqi Natural Gas

Royal Dutch Shell Plc (RDSA) said it’s speeding up work on a project to capture natural gas from oilfields in southern Iraq and that it has signed an initial agreement to develop a petrochemical plant based on ethane. “All hands on deck to catch up with time lost” after more than a year of negotiations […]

Qatar Has World in Its Sights for Power Projects

Qatar also signed an initial agreement with local Chinese authorities, the Chinese state-run oil company C.N.P.C. and Royal Dutch Shell to be part of a petrochemical and refining complex in China, the world’s second-biggest oil consuming nation.

Iraq oil hub Basra wants bigger say, more autonomy

Officials in Iraq’s southern oil hub Basra are trying to cancel a $17 billion Shell gas deal… By Rania El Gamal BASRA, Iraq | Mon Dec 5, 2011 7:43am EST Dec 5 (Reuters) – Officials in Iraq’s southern oil hub Basra are trying to cancel a $17 billion Shell gas deal because they want a […]

Corrib – Ireland’s Last Offshore Development for a Generation

Printed below is an article by Tony Allwright, a retired Irish Shell EP manager. (SOURCE ARTICLE) 26 November 2011 Protests – overwhelmingly unfounded and politically unchallenged – have trebled the cost of developing Ireland’s offshore Corrib gasfield. This huge “political risk” will deter further such investments for a generation. Many years ago, in the late 1970s […]