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Posts under ‘Iraq’

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 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