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Posts under ‘Iraq’

Iraq Asks Oil Companies to Cut Spending After Drop in Prices

By Khalid Al Ansary: September 15, 2015 Iraq asked oil companies to reduce their 2016 spending plans in the country by Sept. 30, citing lower oil prices and government revenue. The reduced budgets shouldn’t affect 2015 production, Abdul Mahdy Al-Ameedi, director of licensing at Iraq’s oil ministry, said by phone Tuesday, citing a letter that the […]

Shell’s Arctic voyage marks beginning of peak oil era

Shell’s Arctic voyage marks beginning of peak oil era Anglo-Dutch company’s search for resources in the Arctic is a sign that the world is running out of options for new oil reserves By Andrew Critchlow, Commodities editor In his critically acclaimed 2005 book ‘Twilight in the Desert’, the prominent oil economist Matthew R. Simmons predicted […]

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

Article by Daniel Adugbo published 1 May 2015 by 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, […]


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

Marvin Odum speaks out

Article by M. Nadeem published 27 June 2014 by insider 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

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 […]


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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 […]

Iraq inks $17 bn gas joint venture deal

By Ammar Karim (AFP) Sunday, 27 November 2011 BAGHDAD — Iraq finalised a $17-billion joint venture deal with Shell and Mitsubishi to capture and process gas from its southern oil fields, at a ceremony at the oil ministry on Sunday. The deal was signed by Shell CEO Peter Voser, Mitsubishi Vice President Tetsuro Kuwabara and […]

Shell, Iraq Sign Agreement for $17 Billion Project to Develop Natural Gas

By Kadhim Ajrash and Khalid Al-Ansary – Nov 27, 2011 2:08 PM GMT Iraq, seeking to boost power output after years of conflict and sanctions, signed the final accord for a $17 billion project with Royal Dutch Shell Plc (RDSA) to capture natural gas at oil fields. Shell Chief Executive Officer Peter Voser and Oil […]

Shell Could Replace Exxon in Southern Iraq

NOVEMBER 21, 2011 By HASSAN HAFIDH BAGHDAD—The Iraqi oil ministry could ask Royal Dutch Shell PLC to develop Iraq’s supergiant West Qurna Phase 1 oil field in southern Iraq, if the government decides to terminate Exxon Mobil Corp.’s contract after it signed a deal to explore for oil in the Kurdish region of the country, […]

Shell pulls out of Kurdistan oil talks – FT

LONDON | Wed Nov 16, 2011 7:39pm EST Nov 17 (Reuters) – Royal Dutch Shell Plc has pulled out of oil-development talks with the Kurdistan regional government in an effort to protect lucrative investments in southern Iraq, the Financial Times reported on Thursday. The newspaper cited people familiar with the discussions as saying Baghdad is […]

Shell pulls out of Kurdistan oil talks

FINANCIAL TIMES November 16, 2011 10:05 pm By Sylvia Pfeifer and Javier Blas in Erbil, northern Iraq Royal Dutch Shell has pulled out of oil-development talks with the Kurdistan regional government in an effort to protect lucrative investments in southern Iraq, including a potential $17bn natural gas deal. FULL FT ARTICLE

Iraqi Cabinet Approves Royal Dutch Shell’s Natural Gas Contract

By ANDREW E. KRAMER Published: November 15, 2011 BAGHDAD — Iraq’s cabinet approved a multibillion-dollar contract on Tuesday for Royal Dutch Shell, the Anglo-Dutch energy giant, to collect the vast amount of natural gas emitted, and currently burned off, as oil is pumped to the surface at three major oil fields in the south. The […]

Iraq Approves $17 Billion Contract for Gas Capture With Shell, Mitsubishi

By Nayla Razzouk – Nov 15, 2011 12:16 PM GMT Iraq’s cabinet approved a $17 billion contract with Royal Dutch Shell Plc (RDSA) and Mitsubishi Corp. (8058) for the capture of natural gas at three oil fields in the south of the country, a government spokesman said. “The government has a 51 percent stake in […]

Shell Is ‘Very Interested’ in Renewing Abu Dhabi Oil Rights

By Anthony DiPaola – Oct 31, 2011 2:47 PM GMT Royal Dutch Shell Plc (RDSA) is “very interested” in renewing its right to pump oil in a venture with Abu Dhabi’s state-run crude producer after its concession there expires in 2014, an executive with the Anglo-Dutch company said. Shell wants to develop natural-gas resources in […]