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Shell Ukraine head moves on after challenging tour of duty in Ukraine

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Shell Ukraine head moves on after challenging tour of duty in Ukraine

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Screen Shot 2016-03-15 at 10.34.57Apr. 02, 2016

After four years in Kyiv, Graham Tiley, Shell’s country chairman in Ukraine, is moving on to a new post in London.

Peter Kerekgyarto, Shell’s operations manager for Central and Eastern Europe, will assume the post of Ukraine country head as well as general manager of the retail business as of April 1.

Tiley was also the chairman of the board of the American Chamber of Commerce, and was replaced by Steven Fisher, CEO of Citibank Ukraine, on March 31.

Before the EuroMaidan Revolution in 2013, Ukraine was poised to become the world’s next exploration success story. Some of the world’s largest oil and gas companies, Shell, Chevron, Eni and ExxonMobil, entered the market, committing to invest millions of dollars into the industry. read more

Royal Dutch Shell makes deeper cuts

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By Daniel J. Graeber: Dec. 23, 2015

THE HAGUE, Netherlands, Dec. 23 (UPI) — With the company expecting improved efficiency after merging with BG Group, Royal Dutch Shell said it plans to cut spending for next year more than expected.

Shell published a prospectus and circular related to its $7 billion tie-up with BG Group, one of the largest mergers of its kind since Exxon and Mobil joined in the 1990s.

“The combination with BG is a strong platform to refocus the company, to create a simpler and more competitive Shell,” Shell Chief Executive Ben van Beurden said in a statement. “At the same time, Shell is pulling multiple levers to manage through the current oil price downturn.” read more

Kiev says Shell withdraws from shale gas project in Ukraine

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Screen Shot 2015-09-17 at 07.55.40Xinhua News Agency: Oct 27, 2015 

KIEV, Oct. 27 (Xinhua) — Ukrainian Energy Minister Volodymyr Demchyshyn confirmed here Tuesday that Royal Dutch Shell plc, the Anglo-Dutch multinational oil and gas company, had completed a procedure of withdrawal from a shale gas exploration project in eastern Ukraine.

“Shell has withdrawn from the treaty. The operations on the Yuzovska field are frozen,” Demchyshyn told reporters during a media conference.

He said that Shell has pulled out of the project, whose total cost has been estimated by the government at 3.95 billion U.S. dollars, because of “unfavorable conditions on the global energy markets.” read more


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Screen Shot 2015-08-17 at 08.38.13English translation below of the text shown on the centre section of the above German road map published by Shell in Nazi Germany after Hitler came to power in January 1933. Shell boasted about its contribution to the German economy stretching back to 1924. We assume the map provided directions to the Polish border.

In the years approaching WW2, the ardent Nazi, Sir Henri Deterding, was in control at Shell along with likeminded Group Managing Directors (two of whom subsequently became Director Generals of Shell), all willing to get into bed with the Nazis. read more

Putin to blame for MH17 shootdown, but Dutch oil interests (SHELL) will thwart any prosecution

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Screen Shot 2015-06-18 at 22.09.48“The Dutch have a company that everybody knows, called Royal Dutch Shell, and Russia has some projects that Shell could make lots of money from,” Koshiw says. Royal Dutch Shell is teaming up with Russian Gazprom on several projects despite Western sanction on Russia, and at the beginning of 2015 they signed a memorandum to build two new Nord Stream gas pipelines under the Baltic Sea. “Shell is the Netherlands’ number one company, so they will be very careful in attacking Putin,” Koshiw explained. “They have an important relationship with Gazprom, and that’s key.” read more

Gazprom-Shell Partnership Flies In The Face Of Sanctions

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Charles KennedyMon, 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 pipeline that travels beneath the Baltic Sea. The pipeline is a priority for Russia, which will allow it to expand its natural gas exports to Europe while also cutting out Ukraine from the mix.

Gazprom, Shell, along with E.ON and OMV – two gas importers in Western Europe – have agreed to build the $11 billion expansion of Nord Stream. read more

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

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Screen Shot 2015-06-18 at 22.09.48Are 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 create a frozen conflict in Eastern Ukraine. European and American companies banned financing of Russian energy firms, and banks. They banned any joint venture deals with Russian oil and gas companies that involved exploration and production, or the selling of technologies used in E&P. But if a string of memorandum of understandings signed during last week’s St. Petersburg International Forum puts anything in the spotlight this week it is this: some very powerful entities in the E.U. have had it with sanctions. read more

Exclusive – Gazprom building global alliance with expanded Shell

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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 (GAZP.MM) is building a global strategic alliance with energy major Royal Dutch Shell (RDSa.L) that will include asset swaps and allow the Russian gas giant to penetrate new markets, its chief executive told Reuters.

Gazprom, the world’s top gas producer, said on Thursday that Shell and its long-time gas buyers in Europe – Germany’s E.ON (EONGn.DE) and Austria’s OMV (OMVV.VI) – had agreed to build two new Nord Stream gas pipelines under the Baltic sea to Germany. read more

Royal Dutch Shell Delivers Latest Blow To European Shale

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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 production sharing agreement (PSA) to explore the Yuzivska shale gas field, which was discovered in 2010.

However, the recent conflict between Russia and Ukraine has prompted Shell to put the project on hold for almost a year, as it has not been able to fulfill its commitments for the Yuzivska project. read more

Shell considers pulling plug on final Ukraine exploration well

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Screen Shot 2015-01-06 at 21.26.38Shell 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 been unable to perform its commitments in relation to the Yuzivska production sharing agreement (PSA) with project partner Nadra Yuzivska LLC due to a force majeure that has been in place since last July.

“We have begun discussions with the Ukrainian government and our partner Nadra Yuzivska LLC on the way forward with the PSA,” Shell said in a statement. read more

Shell calls ‘Force-Majeure’ on Ukraine project

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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 performing its commitments under Yuzivska [a production sharing agreement] for an extensive period of time due to Force-Majeure, i.e. circumstances beyond Shell’s control.” Due to the said events, project implementation conditions have been materially changed. Therefore, we have begun discussions with the Ukrainian government and our partner Nadra Yuzivska LLC on the way forward with the PSA, pursuant to its terms. read more

Shell starts supplying natural gas to Ukraine

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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 cubic meters.

Ukraine is receiving gas from a number of European suppliers including Statoilgas (Norway), RWE Supply & Trading (Germany), GDF Suez, E.ON Global Commodities (Germany) and other traders.

As was reported earlier this week, Russia does not plan to extend its gas transit contract with Ukraine after the existing deal expires in 2019. Some 40 percent of Russian gas supplies to Europe go through Ukraine, while Moscow has been cutting on gas exports via the neighbouring country. read more

Shell abandons two exploration wells in east Ukraine

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Screen Shot 2014-09-07 at 21.18.30LONDON, March 12 (Reuters) – Royal Dutch Shell has abandoned two natural gas exploration wells in eastern Ukraine after they were deemed uneconomical, the oil major said on Thursday.

Shell and Ukrainian state-run gas company Ukrgasvydobuvannya jointly started exploration at the wells in the province of Kharkiv Oblast in 2012 but after evaluating geological data, the sides decided to drop the project.

“Based on the exploration results, the parties agreed that further activity within the project was not economically viable and agreed to terminate the agreement,” Shell said in a statement. read more

Quakes force Dutch lawmakers to cut gas production

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Article by Keith Findlay published 11 March 2015 by


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 since 2013, damaging buildings and making home sales difficult.

Lawmakers, seeking support in provincial elections next week, have responded to residents’ complaints with a proposed cut in gas production – the second since December – in the hope that less output means fewer tremors. read more

Salym Shell development in Siberia

Screen Shot 2015-01-06 at 21.26.38By 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 the closest airport is over 300km (185 miles) away.

The temperature is down to -26C, but locals say winter temperatures normally drop to -40C, and Russia’s oil industry has more serious challenges than the cold.

Oil prices are falling and the cost of extraction is rising as resources are becoming exhausted. And then there are the Western sanctions imposed on oil companies as a result of Russia’s actions in Ukraine. read more

Shell admits fracking failure in Ukraine

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Screen Shot 2014-10-30 at 09.22.43By John Donovan

The Russian News Agency Tass is reporting that Graham Tiley, the country manager of Shell Ukraine has admitted in a meeting with a local high-ranking official that Royal Dutch Shell has failed to achieve the desired progress in the Yuzovka gas field in Ukraine’s east.  Tiley blamed the fracking failure on the situation in the neighbouring Donetsk region.


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