News and information on Royal Dutch Shell Plc.
ExxonMobil is (XOM) at loggerheads with the Russian government over the Sakhalin I project. The issue is the one that eventually spelled Shell’s (RDS.A) doom in Sakhalin II: Development costs under the production sharing agreement (PSA):
Click to continue reading “Exxon’s Sakhalin Troubles: A Redux of Shell’s Sakhalin II?”
Three British companies — BP, Cairn Energy and BG Group — are among the bidders, alongside companies such as Royal Dutch Shell, Total and Gazprom. Competition is expected to be fierce and the groups were reluctant to reveal which fields they wanted.
Click to continue reading “British groups vie for Iraq oil and gas contracts”
Royal Dutch Shell is hopeful that it will gain an equity stake in a giant Russian gas field that could supply all of the world’s needs for a decade. Peter Voser, Shell’s chief executive, said that talks with the Russian government about the Yamal project in the Siberian Arctic were progressing well.
Click to continue reading “Shell seeks stake in giant Russian gasfield”
Only three years ago, Shell, the world’s biggest oil company, was forced to give up control of the giant Sakhalin development, handing over half of its interest to Gazprom after a dispute over costs and the environment.
Click to continue reading “Gas company Gazprom on brink of sealing tax breaks”
MOSCOW, Oct 1 (Reuters) – Sakhalin Energy, a group led by Russia’s Gazprom and involving Royal Dutch Shell, has secured $1.4 billion of new funding for its Sakhalin-2 liquefied natural gas project, a news agency reported. The money comes on top of $5.3 billion provided by the Japan Bank for International Cooperation and a consortium of international commercial banks, Interfax quoted Ian Craig, the head of the project, as saying on Thursday.
Click to continue reading “Russia Sakhalin-2 project gets extra $1.4 bln”
5 July 2009, 11:34am
move would set the ball rolling for Shell to firm up details of its potential involvement in developing the deep-water fields.
Jeroen van der Veer, who stepped down as Shell’s chief executive last Wednesday, said: ‘As far as we know, the situation regarding licensing will be resolved in the near future.’
He met Russian Prime Minister Vladimir Putin last weekend. As revealed by Financial Mail, the Anglo-Dutch oil company was asked for its help in developing the vast Sakhalin-3 and Sakhalin-4 oil and gas fields.
The surprising about-turn, after years of Russian resource nationalism, could mark the start of a new era of cooperation between Russia and foreign oil majors.
Putin clearly recognises that Russia needs foreign investment to help it realise its energy wealth. Referring to Sakhalin-3 and Sakhalin-4, Putin told Van der Veer: ‘Your skills and experience will certainly be required in those areas.’
Shell is likely to learn details about the terms of its potential involvement once Gazprom has completed exploratory work.
Vladimir Putin, Russian prime minister, threw down the welcome mat to Shell, telling the Anglo-Dutch major it could participate in new offshore oil and gas projects and help Russia build LNG tankers to help globalise its gas trade.
Click to continue reading “Putin welcomes Shell to offshore projects”
Gazprom’s action to secure a foothold in Nigeria, where western groups have led the development of the oil industry for half a century, has given rise to concerns in Europe that Moscow is seeking to gain control of Nigerian reserves to tighten its grip on the European Union’s gas supplies.
Click to continue reading “Gazprom’s $2.5bn gas deal with Nigeria raises European concerns”
10.06.2009
Royal Dutch Shell is interested in taking part in development of Sakhalin 3 project conjointly with Russian Gazprom, the spokesman for the Shell’s office in Russia said. Besides, he noted, that the company is also holding negotiations on cooperation in the number of projects with Rosneft.
Earlier Gazprom’s spokesman reported that licenses for exploration and development of three blocks of Sakhalin 3 project were at the preparatory stage. Both, Gazprom and Shell have experience of collaboration within Sakhalin 2 project.
MOSCOW (Dow Jones)–Russian gas giant OAO Gazprom (GAZP.RS) is considering inviting Royal Dutch Shell PLC (RDSA) to participate in liquified natural gas projects on the Arctic Yamal Peninsula, Gazprom’s Chief Executive Alexei Miller said Thursday.
Click to continue reading “Gazprom CEO: May Cooperate With Shell On Yamal LNG Project”
: Dear IMBer, or IBMer, or whatever - if you can explain to me the difference between the two quoted press release examples of geophysical applications in reasoned scientific terms, I shall be more than happy to admit to being a amateur geophysicist (not geologist). Perhaps it is you who is confused. Geophysics and Geology are not the same - close bed fellows, yes - but not the same. If so, then it is you who should get out your needles, wool and get on with "one plain, two purl" rather than embarking on such a commentary.
: Shellwaarbenjijnu has no clue what he/she is talking about. Probably some amateur geologist who wants to be important on the blog. Try to stick to your knitting!
: Paying over 7 mln $ to get rid of this monster of a woman shows how deeply Shell has sunk. She was a stealer of ideas. She was the ultimate token woman, a disgrace to her gender and it has put off many high quality women to pursue a career in Shell. Her disgusting behaviour of being the slave of Watts was evident to all. This latest scandal makes it clear she should never have been promoted to were she ended up. Another costly mistake of Shell. And the top echelon? They know no shame anymore and carry on with more spin stories as usual.
: Perhaps Voser will pull the same trick on Brinded as Watts did on v.d.Vijver. Watts announced that reserves would grow by 5% and that Walter would explain how.... The rest is history. I can only hope that history will repeat itself and Brinded finally gets fired for his gross underperformance and sustained bullshit. Perhaps I have said so before: never trust a man with facial hair.... I shall be watching the announcements how they will increase production with great interest.
: THE ARTICLE "Donovan email to Gavin White, Shell International Limited: 10 March 2010" has been updated with a self-explanatory email reply received on 11 March from Richard Wiseman, Chief Ethics & Compliance Officer, Royal Dutch Shell Plc.
: The Forbes article implies that by stopping sales of gasoline to Iran, Shell is complying with US sanctions. Shell's investments in the upstream sector in Iran are not mentioned, even though these are of far greater significance for both Shell and the Iranians.
: Amnesty International has been an informed and courageous critic of Human Rights abuses around the world for many decades and they are certainly not adverse to criticising governments in Nigeria, Burma, Zimbabwe and all around the world. The point about international companies like Shell is that they have a choice. They are not obliged to operate anywhere if they find that the local conditions are in conflict with their principles. Amnesty’s recent criticisms of Shell have certainly been strong and I am aware that in Shell there is a feeling that they have been unfair and to some extent uninformed. So a dialogue between Amnesty and Shell is very much to be welcomed. Amnesty is a highly respected organisation – indeed a former top executive of Shell, Sir Geoffrey Chandler, was a senior officer of Amnesty in his post Shell years.
: Same old, same old. Amnesty International and their human rights again go for the soft underbelly of the international companies rather than the real problem in Nigeia which is their corrupt Government. Good on Shell for attending and agrreing to being questioned. BUT, surprise, surprise nobody from the Nigerian Government (perhaps they didn't get enough of a bribe to appear or perhaps Amnesty knew they would get nowhere with them). Pollution in the Niger Delta remains a problem, albeit that conditions are slowly improving. Living conditions, infrastructure and most other normal day-to-day things should be the responsibility of the corrupt Government not international oil companies. These evil governments such as Nigeria, Zimbabwe and Burma need to be bought down by the UN so that their people might have a better chance of a reasonable life.
: Very polite correspondence between Wiseman and the Donovans. I estimate Wiseman's hourly internal tariff at around 500 U$ per hour (his salary plus support plus extensive overheads). Over the years Shell must have spent a fortune discussing the Donovans, putting the most expensive lawyers on the case, and developing policy how to battle them. It becomes Churchillian: 'we will fight them on the web, and in the courtrooms, and in their own offices and on the streets. But we wil NEVER surrender. With unlimited funds this maybe so, but it is wasting shareholders money and it solves nothing. I do not see the Donovans give up anytime soon. So perhaps a new paradigm needs to be developed? Any ordinary man or woman at the coalface would solve this problem within minutes and for less money than what is being burned now. But the Shell kings are no ordinary people, they live in cloud cuckoo land. I will keep following with great interest how all this develops, it is even better than the daily Dilbert!!!
: W.E. Pratt knew it already a hundred years ago when he said "Oil is found in the minds of men" But he was one of the founders of the Standard Oil company, whereas the people who try to make us believe that IBM can come to the rescue of Shell appear to be only good at getting rid of their most experienced minds.
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