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Sakhalin-2 News

Gazprom Expansion of Sakhalin-2 LNG Plant May Cost $7 Billion January 30, 2012, 5:20 AM EST By Jake Rudnitsky Jan. 30 (Bloomberg) — OAO Gazprom and its partners in the Sakhalin-2 project may decide on expanding their liquefied natural gas plant this year, to add supplies by 2018, said Andrey Galaev, the venture’s chief executive [...]

Oil industry sees China winning, West losing from Iran sanctions

Peter Voser, chief executive at Royal Dutch Shell, said his company might take some time before suspending purchases… By Dmitry Zhdannikov DAVOS, Switzerland | Fri Jan 27, 2012 6:33am EST (Reuters) – As the European Union prepares to ban Iranian oil and the United States turns the screw on payments, oil executives and policymakers say [...]

Ban stops Europe majors trading Iran oil globally

Tue Jan 24, 2012 5:51pm GMT * Total, Shell big buyers of Iranian oil * Firms could declare force majeure in July-lawyer * Switzerland might stall on EU sanctions By Emma Farge ZURICH/BRUSSELS, Jan 24 (Reuters) – The EU is banning not only imports of Iranian oil but also crude purchased by European companies, including [...]

Europe’s Oil Firms Cook Up a Treat

JANUARY 12, 2012 By ALEXIS FLYNN European energy companies are expected to return more money to shareholders in 2012 as stubbornly high oil prices swell their balance sheets. With full-year results only weeks away, expectations are growing that heavyweights like Royal Dutch Shell will cap an extraordinary 12 months by raising dividends. According to Deutsche [...]

Kazakhs Consider Bid to Boost Kashagan Oil Cost to $46 Billion

By Nariman Gizitdinov – Jan 11, 2012 6:00 PM GMT The Kazakh government is considering a request from Exxon Mobil Corp., Royal Dutch Shell Plc (RDSA) and other partners to raise the budget for the first phase of the Kashagan oil project by 20 percent to $46 billion, according to a person with knowledge of [...]

Shell’s Declining Role in Nigeria

James Kimer on January 4, 2012. As the second largest energy company in the world after Exxon-Mobil, Royal Dutch Shell has been a major player in Nigerian oil and gas from the beginning, overseeing the first commercial export of oil from the country in 1958 from the Oloibiri Field.  Their success over the years has [...]

Shell Shuts Nembe Creek in Nigeria After Crude Oil Theft

By Elisha Bala-Gbogbo – Jan 3, 2012 5:25 PM GMT Royal Dutch Shell Plc (RDSA) shut oil flows of 70,000 barrels a day from the Nembe Creek Trunkline in Nigeria due to a leak caused by the theft of crude. The pipeline, which supplies the Bonny export terminal, was halted Dec. 24. Shell is working [...]

Huge slick from Shell’s 1.68 million gallon Atlantic Ocean oil spill

By Associated Press, Updated: Friday, December 23, 4:20 PM LAGOS, Nigeria — A faulty pipe from an offshore oil field run by Royal Dutch Shell PLC near Nigeria’s coast spewed crude oil into the ocean for as much as 25 hours as workers loaded a waiting tanker, the company acknowledged Friday. While Shell continues to investigate the [...]

Shell enters shale oil and gas project in Argentina

Shell has agreed to partner with Argentina’s Medanito on a shale oil and natural gas project in southwestern Argentina, with plans to invest at least $200 million over the next five years, a person involved in the deal said Thursday.

BP, Shell Plan to Resume Exploration, Boost Production in Libya

December 07, 2011, 8:58 AM EST By Robert Tuttle and Anthony DiPaola Dec. 7 (Bloomberg) — BP Plc and Royal Dutch Shell Plc, Europe’s biggest oil companies, aim to resume exploration in Libya, whose new government seeks to stabilize relations with foreign companies following the ouster of Muammar Qaddafi. Both companies are evaluating whether to [...]

Shell accused of lowballing environmental impact of oilsands expansion

By: The Canadian Press 12/5/2011 12:41 PM A haul truck carryong a full load drives away from a mining shovel at the Shell Albian Sands oilsands mine near Fort McMurray, Alta., Wednesday, July 9, 2008. THE CANADIAN PRESS/Jeff McIntosh EDMONTON – Newly filed documents say Shell Canada’s environmental study of its proposed oilsands expansion should [...]

E.U. sanctions force Shell to leave Syria

Protesters opposed to Syrian President Bashar al-Assad face violent responses from security forces. The Arab League passed a series of measures censuring Syria for its actions. By Javier Blas, Published: December 2 LONDON — Royal Dutch Shell said Friday it will “cease” activities in Syria after the European Union blacklisted three state-owned Syrian oil companies in [...]

Shell Rakes in $488m from Sale of 2 Oil Blocks

02 December 2011 Managing Director of SPDC, Mr. Mutiu Sunmonu By Ejiofor Alike Shell Petroleum Development Company of Nigeria Limited (SPDC), a subsidiary of Royal Dutch Shell plc (Shell), has officially confirmed that it earned $488million from the assignment of its 30per cent interest in two Oil Mining Leases (OMLs) – 26 and 42 and [...]

Shell Sells Oil Stakes in Nigeria

DECEMBER 1, 2011 By ALEXIS FLYNN LONDON—Nigerian firms have bought onshore oil licenses from a group of European oil giants, including Royal Dutch Shell PLC, as the company continues to trim its assets in the country that are less integral to its strategic growth. The Nigerian firms, some acting as a consortium and another backed [...]

Biggest Oil Find in Decades Becomes $39 Billion Cautionary Tale

After 11 years and $39 billion of investment, Exxon Mobil Corp., Royal Dutch Shell Plc (RDSA) and their partners have yet to sell a drop of oil from what was touted as the world’s biggest discovery in four decades.