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Posts under ‘Russia’

Gazprom lays bare West’s vulnerability

Royal-Dutch Shell is teaming up with Gazprom on several projects despite Western sanctions on Russia. The expanded partnerships fly in the face of European and American sanctions which ban joint ventures with Russian energy companies. 23 June 2015 Europe’s efforts to reduce dependence on the Russian energy have been dealt a new blow after reports […]

Gazprom-Shell Partnership Flies In The Face Of Sanctions

Charles Kennedy: Mon, 22 June 2015 Russian energy giant Gazprom is building up a global portfolio with a western oil major. Gazprom and Royal Dutch Shell are teaming up on several energy projects that will benefit both. The two energy companies have agreed to build an expansion of the Nord Stream Pipeline, a major natural gas […]

Are European Companies Ignoring E.U. Sanctions On Russia?

Are European Companies Ignoring E.U. Sanctions On Russia? Kenneth Rapoza: 22 June 2015 …some very powerful entities in the E.U. have had it with sanctions. For example, Gazprom, Shell, E.ON and Austria’s OMV Group signed a memorandum last Thursday… It’s been nearly a year since sectoral sanctions were slapped on Russia for its involvement in helping […]

Gazprom set to build global strategic alliance with Shell

A Gazprom logo is displayed above its headquarters in Moscow. Gazprom is building a global strategic alliance with energy major Royal Dutch Shell that will include asset swaps and allow the Russian gas giant to penetrate new markets. The deal with Shell is a coup for Gazprom at a time when many Western companies are […]

Exclusive – Gazprom building global alliance with expanded Shell

  Exclusive – Gazprom building global alliance with expanded Shell The deal with Shell is a coup for Gazprom at a time when many Western companies are reducing their exposure to Russia because of Western sanctions over Moscow’s actions in Ukraine. Gazprom, which is under U.S. but not EU sanctions… Fri Jun 19, 2015 Gazprom […]

Gazprom, Shell agree to expand Sakhalin-2 project

Gazprom, Shell agree to expand Sakhalin-2 project Thu Jun 18, 2015 (Reuters) – Russian gas producer Gazprom and Royal Dutch Shell have signed an agreement to expand the Sakhalin-2 LNG project, Gazprom said in a statement on Thursday. The Sakhalin-2 project, Russia’s sole LNG plant, has a current annual capacity of around 10 million tonnes. […]

Shell, Japan firms may get stake in Gazprom’s Baltic LNG: Report

Shell, Japan firms may get stake in Gazprom’s Baltic LNG: Report By Reuters | 17 Jun, 2015 MOSCOW:Russian gas company Gazprom may offer up to 49 percent in its Baltic LNG project to a strategic partner and the most likely candidates are Royal Dutch Shell or a consortium of Japanese firms, Russia’s Kommersant newspaper said […]

Iran Welcomes Shell, BP, Total and American Oil Companies

Iran Welcomes Shell, BP, Total and American Oil Companies Dr. Majid Rafizadeh Become a fan: President of the International American Council: 14 June 2015 “Royal Dutch Shell PLC, which owes the Islamic Republic an outstanding debt of more than $2 billion, has been talking about repaying Iran after the nuclear deal is signed, and consequently the […]

Royal Dutch Shell Delivers Latest Blow To European Shale

Royal Dutch Shell may be looking to exit Ukrainian shale as conditions in the region have prompted a delay Royal Dutch Shell Plc (ADR) (NYSE:RDS.A) has delivered the latest blow to European shale, as it considers withdrawal from its last Ukrainian exploration well. With Nadra Yuzivska as its partner, the European oil major signed a […]

Shell considers pulling plug on final Ukraine exploration well

Shell considers pulling plug on final Ukraine exploration well Commodities | Thu Jun 11, 2015 12:11pm BST Oil major Shell is considering withdrawing from its last exploration well in Ukraine as the project has been on hold for nearly a year due to the conflict between pro-Russian separatists and Ukrainian forces. Shell said it has […]

Shell calls ‘Force-Majeure’ on Ukraine project

Shell calls ‘Force-Majeure’ on Ukraine project Sources familiar with the situation said Ukraine’s government received a “Notice of Withdrawal” from Shell on a project that they had hoped could raise up to $10bn of investment and further diversify gas imports away from Russia, Roman Olearchyk reports from Kiev. Shell said it “has been prevented from […]

U.S. Ousts Russia as Top World Oil, Gas Producer

Article by Rakteem Katakey published 10 June 2015 by Bloomberg.com The U.S. has taken Russia’s crown as the biggest oil and natural-gas producer in a demonstration of the seismic shifts in the world energy landscape emanating from America’s shale fields. U.S. oil production rose to a record last year, gaining 1.6 million barrels a day, according […]

Russia’s Novatek agrees to sell Shell 0.9 mln T of LNG per year

Russia’s Novatek agrees to sell Shell 0.9 mln T of LNG per year MOSCOW, JUNE 4, 2015 Russia‘s second largest gas producer, Novatek, said on Thursday it had signed a long-term contract with Royal Dutch Shell to supply around 0.9 million tonnes of LNG annually for more than 20 years. “We are currently finalising Novatek’s […]

Shell Expects Russia’s Sakhalin-2 Project to be Expanded — CEO

Shell Expects Russia’s Sakhalin-2 Project to be Expanded — CEO June 3, 2015 Shell expects that the Sakhalin-2 project will be expanded, its CEO Ben van Beurden said Wednesday, writes TASS. “This is what we will be working at, we’re very interested in developing business in Russia,” he said, adding that he will be discussing […]

Shell-BG Group Deal Faces Hurdle From Chinese ‘Black Box’ Regulator

By: MICHEAL KAUFMAN: Published: May 29, 2015 Royal Dutch Shell Plc’s (ADR) (NYSE:RDS.A) deal to acquire the UK-based BG Group (OTCMKTS:BRGYY) that is already at a risk of facing numerous obstacles, including volatility in the crude oil prices and a risk of a competitor outbidding Shell’s bid. Meanwhile, when the deal is already hovering around such […]

OPEC Seen Backing Saudi Arabia’s Plan to Keep Supplies Elevated

by Grant Smith and Maher Chmaytelli: Bloomberg.com: 27 May 2015 When Saudi Arabia argues next week that OPEC should keep up production to fight the rise in U.S. shale oil, prices will be on its side. Crude plunged for eight of nine weeks prior to the group’s November gathering, when the kingdom faced down opposition from the […]

Shell drilling may spur Arctic resource race

Colin Chilcoat, Oilprice.com: May 27, 2015 In a few short months Shell will (re)enter the Chukchi Sea, between Alaska and Russia. The oil and gas major still awaits approval from a number of state and federal agencies, but in early May the company received the consent of the Obama administration to explore the remote Arctic sea […]

Oil Majors Falling Out Favor With This Hedgefund Boss

By Andy Tully: Posted on Tue, 26 May 2015 Huge oil companies, among the largest businesses in the world, don’t excite hedge fund manager Jim Chanos because today they have to work harder and more inefficiently than ever to bring their products to market. “[W]e’re just seeing that … these guys like Exxon and Chevron and […]

National Security, The Seattle Oil Rig, And Greenpeace’s Dirty Money

By Ron Arnold, Executive Vice President, Center for the Defense of Free Enterprise: 25 May 2015 National Security, The Seattle Oil Rig, And Greenpeace’s Dirty Money President Obama had it all wrong in his commencement address at the United States Coast Guard Academy in New London, Connecticut. He warned that climate change “deniers” endanger our national […]

Obama Seeks Oil Demand, Climate Balance With Shell Arctic Permit

Article by Rakteem Katakey published 18 May 2015 by Bloomberg.com U.S. President Barack Obama is balancing the need to meet oil demand and concerns about climate change as his government considers final approvals for Royal Dutch Shell Plc’s Arctic drilling plans, according to a state department official. “If you go up to Alaska and speak to many […]

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 […]

Shell braves a return to its Arctic ordeals: But, with oil at such a low price, why now?

By LAURA CHESTERS FOR THE DAILY MAIL: 13 May 2015 New Year’s Eve 2012 is a date Lieutenant Commander Jim Cooley will never forget. As part of the rescue team from the US Coast Guard he flew out in treacherous, stormy conditions to rescue 18 men aboard Royal Dutch Shell’s stranded Kulluk oil rig. Earlier that […]

Shell, Total align trading and refining units to drive profit growth

By Dmitry Zhdannikov and Ron Bousso: 1 May 2015 Shell, Total align trading and refining units to drive profit growth * Shell, Total restructure to combat falling oil prices * Refinery profits also under pressure from competition * Oil firms fighting off challenge from trading houses LONDON, May 1 (Reuters) – Top oil firms Royal […]

BG Deal May Leave Shell’s Arctic Ambitions In Limbo

By Nick Cunningham: Sun, 19 April 2015 Royal Dutch Shell’s purchase of BG will turn the combined company into a natural gas behemoth. But one casualty of the merger could be one of Shell’s iconic drilling campaigns: the Arctic. The Arctic is thought to hold 13 percent of the world’s undiscovered oil reserves, and 30 percent […]

Landmark Deal Curbs Flaring Pollution

Top oil-producing nations and companies pledge to eliminate the waste of natural gas that also exacerbates global warming April 17, 2015 |By Lisa Friedman and ClimateWire Top oil-producing nations, including the Russian Federation, Kazakhstan and Angola, as well as Royal Dutch Shell PLC and other companies say they will stop flaring natural gas by 2030 […]

Shell starts supplying natural gas to Ukraine

Shell starts supplying natural gas to Ukraine Ukraine will be receiving gas via Slovakia  Royal Dutch Shell will start gas supplies to Ukraine via Slovakia in April 2015, according to Ukrainian media.  The company plans to provide at least 120 to 130 million cubic meters this month at a cost of USD 253 per 1,000 […]

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 […]

Following the Shell-BG deal, could Exxon bid for BP?

Article by Jim Armitage published by The Independent on Friday 10 April 2015 Following the Shell-BG deal, could Exxon bid for BP? Another day, another tide of speculation sweeps through the City investment banks about oil industry takeovers following Shell’s £47 billion bid for BG, the UK’s third largest energy supplier. Even that old saw […]

Greenpeace climbs, sets up camp on Shell’s Arctic drilling rig

Alaska Dispatch News article published April 6, 2015 Greenpeace climbs, sets up camp on Shell’s Arctic drilling rig Protesters with the environmentalist group Greenpeace on Monday intercepted and climbed a Royal Dutch Shell drill rig in the Pacific Ocean to protest the company’s plans to drill in Alaska’s Arctic. According to a release from Greenpeace, six activists launched from the […]

Why we all should care about the oil platform explosion that just happened in Mexico

This image, one of several that were made available to Greenpeace by anonymous workers, shows smoke and fire on the shallow-water Abkatun, a permanent platform in the Campeche Sound in the Gulf of Mexico. Early Wednesday morning the Pemex oil platform, Abkatun Alpha blew up off the West coast of the Yucatan peninsula. The explosion […]

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, […]

Non-U.S. Shales Prove Difficult to Crack

By JUSTIN SCHECK and SELINA WILLIAMS: WALL STREET JOURNAL March 18, 2015 11:20 p.m. ET Exxon, Shell and others are pulling back from once-promising shale finds in Europe, Asia After spending more than five years and billions of dollars trying to re-create the U.S. shale boom overseas, some of the world’s biggest oil companies are starting […]

Quakes force Dutch lawmakers to cut gas production

Article by Keith Findlay published 11 March 2015 by EnergyVoice.com Extracts Dutch communities rattled by earthquakes are upending Europe’s energy market. Towns in the northern province of Groningen sit atop the continent’s biggest gas field, where the Dutch government says exploration by oil and gas majors Royal Dutch Shell and ExxonMobil has triggered 196 earthquakes […]

Dutch Quakes Toss Wrench Into Gears of Europe Gas Market

Article by Isis Almeida published 10 March 2015 by Bloomberg Dutch Quakes Toss Wrench Into Gears of Europe Gas Market (Bloomberg) — Dutch communities rattled by earthquakes are upending Europe’s energy market. Towns in the northern province of Groningen sit atop the continent’s biggest gas field, where the Dutch government says exploration by Royal Dutch […]

SAKHALIN2: How many billions of dollars did Shell lose in Russian annexation?

Chris Finlayson representing Shell and Alexander Medvedev, Gazprom’s Vice Chairman By John Donovan Royal Dutch Shell executive Chris Finlayson held a leadership position in Shell’s Sakhalin II project in Russia from September 2005 to September 2009. The venture was described as “the Mother of all Projects” by the Financial Times. When Finlayson joined the Sakhalin […]

Salym Shell development in Siberia

By Olga Ivshina, BBC News, Western Siberia, published 27 Nov 2014 under the headline: Russian oil industry facing deep freeze Without visiting a well in Western Siberia, you would never realise just how hard it is to extract oil in Russia. Two hours’ drive from the nearest village of Salym, the snow banks are huge and […]

News suppression allegations made by Peter Oborne

By John Donovan The Sunday Times has today published a whole page news story under the headline: “READ ALL ABOUT IT” The article is focused on sensational allegations by Peter Oborne, who has just resigned as the Chief Political Commentator of The Daily Telegraph. The Sunday Times is understandably delighted to have a poke at […]

ExxonMobil could snap up BP in a single bite

Information sourced from an FT article by Energy Editor Christopher Adams published 15 February 2015 under the headline: “BP’s battles leave it vulnerable to major move” Extract If ExxonMobil chief executive Rex Tillerson really wanted to, he could snap up BP in a single bite. Of all the UK major’s rivals, Exxon, the world’s biggest […]

Oil companies Arctic projects in deep freeze

Information and graphic sourced from an FT article by Richard Milne in Oslo, Christopher Adams in London and Ed Crooks in New York, published 6 February 2015. The first of two drilling rigs contracted by Shell will soon leave Singapore and once sea ice has sufficiently receded, will embark on a summer drilling project in U.S. […]

Inside Shell’s earnings report: Proof that the Saudis’ oil market strategy is working

By Puneet Kollipara January 29 at 5:43 PM Saudi Arabia shocked the world last fall in breaking from its traditional mold of keeping oil production artificially low to prop up oil prices. Instead, the Saudis and other OPEC nations voted to keep oil output steady even in the face of a global supply surplus, a move seemingly designed […]