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Posts under ‘Iraq’

Iraq Oil Is ‘Game Changer’

OCTOBER 13, 2010 Production Revival Will Challenge Big Suppliers Like Saudis, IEA Chief Says Reuters: Iraqi police check oil pipelines during a patrol at the Shueiba refinery in the country’s southern province of Basra in August. By GUY CHAZAN The revival in Iraqi oil production will be a “game-changer” for global oil supplies and a [...]

Shell criticizes BP oil spill report, well design

By Tom Bergin LONDON | Tue Oct 12, 2010 7:23am EDT LONDON (Reuters) – The chief executive of Royal Dutch Shell Plc (RDSa.L) criticized the investigation that rival BP Plc (BP.L) conducted into the causes of its Gulf of Mexico oil spill, and the design BP chose for its blown out well. Peter Voser said [...]

Shell CEO: Oil Output At Iraq Majnoon Field Up To 70,000 B/D

OCTOBER 12, 2010, 6:07 A.M. ET LONDON (Dow Jones)–Royal Dutch Shell PLC (RDSB.LN) has already raised oil production from Iraq’s Majnoon field to 70,000 barrels a day, from 45,000 barrels a day previously, the company’s Chief Executive Peter Voser said Tuesday. The risk of operating in Iraq has increased in recent months, but operations are [...]

Halliburton gets letter of intent for Iraq oil

The Associated Press August 18, 2010, 5:32PM ET HOUSTON Halliburton Co. said on Wednesday that it has gotten a letter of intent from Shell Iraq Petroleum Development BV that would make Halliburton the project manager for developing the Majnoon field in southern Iraq. Halliburton said it wold be working with Nabors Drilling and the Iraq [...]

Shell CEO Voser claims technology is key to energy security

LONDON, July 27 (UPI) — The world is facing drastic energy shortages unless investors back technological advancements in all forms of energy, executives said in London. Peter Voser, the chief executive officer at Royal Dutch Shell, told an audience in London that the global community needed to look for new ways to exploit renewable and [...]

Iraq Cabinet Approves Shell Gas Deal In S Iraq-Official

THE WALL STREET JOURNAL JUNE 29, 2010 By Hassan Hafidh Of DOW JONES NEWSWIRES The Iraqi cabinet Tuesday approved a deal with Royal Dutch Shell PLC (RDSA) and Mitsubishi Corp. (8058.TO) to develop a gas-structure project in southern Iraq, paving the way for a final signature of the multibillion deal, a government spokesman. Ali al-Dabbagh [...]

Spain’s Repsol pulls out of Iran gas project

REUTERS MADRID June 28 (Reuters) – Spain’s largest oil company Repsol (REP.MC: Quote) has pulled out of a contract it won with Royal Dutch Shell (RDSa.L: Quote) to develop part of the South Pars gas field in Iran, a spokesman said on Monday. A spokesman for Shell declined to confirm whether the company will remain [...]

Slick engulfs oil industry’s sense of optimism

THE SUNDAY TELEGRAPH At the World Economic Forum meeting in Davos in January there was standing room only at the session on the future of oil. Peter Voser, the chief executive of Royal Dutch Shell, sat alongside the head of the Saudi oil giant Aramco, Khalid al Falih, and the chairman of Total, Thierry Desmarest. [...]

Iraq favours Shell, Total, KOGAS for gas fields

REUTERS BAGHDAD, April 14 (Reuters) – Iraq will invite 15 companies before the end of the year to bid to develop three gas fields and Royal Dutch Shell (RDSa.L), Total (TOTF.PA) and South Korea’s KOGAS (036460.KS) are favoured, an Iraqi oil official said on Wednesday. “We are keen to select international companies with experience with [...]

Shell’s Iraq Gas Project Running Into Difficulty – Official

THE WALL STREET JOURNAL April 12, 2010 By Hassan Hafidh Of DOW JONES NEWSWIRES A multibillion-dollar deal between Royal Dutch Shell PLC (RDSB) and the Iraqi government to jointly develop domestic gas infrastructure in Iraq’s south has run into difficulty, an Iraqi official familiar with the talks said Monday. The two sides failed to finalize [...]

Iraq Finances Hamper Shell Gas Project

THE WALL STREET JOURNAL APRIL 12, 2010 By HASSAN HAFIDH A six-month extension of negotiations proposed by the Iraqi government to develop domestic gas infrastructure in the country’s south may not be enough to settle a deal with Royal Dutch Shell PLC because of financial constraints and opposition from politicians, an Iraqi official familiar with [...]

Shell Is Still in Talks on Iraq Gas Development Plan

By Anthony Dipaola March 29 (Bloomberg) — Royal Dutch Shell Plc is still in talks on a final agreement to develop natural gas in Iraq, the Middle East vice president for new business said. “Iraq will become a regional player in the gas sector and an exporter to the region and the world,” Mounir Bouaziz [...]

Iraq extends gas MOU with Shell- oil minister

Sun Mar 7, 2010 9:48am GMT BAGHDAD, March 7 (Reuters) – Iraq has extended a memorandum of understanding with Royal Dutch Shell (RDSa.L) on a natural gas venture around the southern oil hub of Basra for six months from March 2010, Iraq’s Oil Minister told Reuters on Sunday. “We will resume talks with Shell after [...]

Iraq talks with Shell prolonged, continue-official

BAGHDAD, Feb 26 (Reuters) – Talks between Iraq and Royal Dutch Shell (RDSa.L) on a natural gas deal near the southern oil hub of Basra are taking longer than expected but still ongoing, a senior Iraqi oil official said on Friday. “The heads of agreement will be extended and the project will be presented to [...]

No more Iraqi oilfields for foreign companies: prime minister

REUTERS Aref Mohammed BASRA, Iraq Sat Feb 20, 2010 7:56am EST BASRA, Iraq (Reuters) – Iraq has no further plans to use foreign firms to develop its oilfields beyond ones auctioned off last year, the country’s prime minister said on Saturday, ahead of a national election next month. Analysts say that foreign companies may have [...]