News and information on Royal Dutch Shell Plc.
Sibir also owns a 50 per cent stake in a joint venture with Royal Dutch Shell to develop one of Russia’s most promising fields, Salym, where production hit 80,000 barrels a day in January.
Click to continue reading “Gazprom Neft grabs slice of Sibir”
TNK-BP, the Russian oil venture half owned by BP, is launching a bid for a significant minority stake in Sibir Energy, the Aim-listed energy group dogged by corporate governance issues.
Now the company appears to be a takeover target. Earlier this month it denied reports it had received a bid approach from TNK-BP, which was said to be planning a £2.3bn offer. But it now seems there was something concrete behind the tale after all
Click to continue reading “Controversial oil group Sibir Energy in takeover talks”
“It seems like a more natural buyer would be Royal Dutch Shell or Gazprom Neft because they already have partnerships,” Chirvani Abdoullaev, senior oil analyst at Alfa Bank in Moscow, said by telephone today.
Click to continue reading “Sibir Energy Hasn’t Been Approached by TNK-BP”
New crude oil production is the key to maintenance of competitive ability in the dog-eat-dog world of the international oil and gas super giant companies. To fall behind is to invite a takeover.
Click to continue reading “Royal Dutch Shell will not stand short in the international downturn”
Sibir’s shares reached a peak of 830p last summer, giving it a market value of £2.5bn ($3.6bn), and it was contemplating a move to the main market, while there was speculation that Royal Dutch Shell, its partner in the Salym fields, would bid for the group.
Click to continue reading “Sibir investigates property dealings”
By Neil Hume and Bryce Elder
Published: December 5 2008 02:00 | Last updated: December 5 2008 02:00
Sibir Energy , the London-listed Russian oil company, recovered some of its losses from the previous session. Traders said Gazprom or Royal Dutch Shell might be tempted to take advantage of the problems at Sibir and make an offer for its oil business.
Its shares, which halved on Wednesday on news of a deal to buy property assets from one of its largest shareholders, bounced 29.9 per cent to 52p.
The development of the Salym field in western Siberia, a joint venture with Royal Dutch Shell, has been a huge success, taking Sibir’s production to 76,700 barrels of oil per day last month, a very respectable amount for an independent. It has proved and tested reserves, under Russian definition, of 491m barrels of oil. An often-rumoured deal with Shell has so far come to nothing. But the reserves remain a valuable asset and the best hope for shareholders is that some way can be found to realise that value.
Click to continue reading “Sibir’s bail-out of investor stuns market”
Sibir sank 32.9 per cent to 204¾p, valuing the company at £791m. Three months ago it had been worth £3.2bn, bolstered by hopes that Royal Dutch Shell would take a stake.
Tchigirinski denied a Financial Times report today that said Shell poised to buy a holding in Sibir this year. “We aren’t selling a stake,” the businessman said by phone.
Click to continue reading “Sibir’s Tchigirinski Plans Projects With Shell, Rules Out Sale”
: With all of this money spent on the CEP expansion, it has been built on an old electrical infrastructure. I guess no one is counting how many times you read about a "short" electrical outage at the plant. Tom Purves and the Motiva leadership know exactly why this is happening and how to fix it. They don't want to pay for it. They have been given the project and have turned it down at least twice. Meanwhile, we just keep having outages. Going ot be interesting when both refineries come down in the future.
: LondonLad: the lack of stories concerning Shell should be welcomed, if it implies that Shell are cleaning up their act, perhaps due in part to the efforts of the Donovans.
: US Observer, surely almost all (NOT all)contributors to this website have an axe to grind against Shell, particularly those who have a perception that they have been screwed by Shell in times gone by. As for Itchy Woman, she clearly has a femanistic / burn-the-bra approach to work in Shell. AND I would like to add that once again an old old article (from someone who has an axe to grind against Shell) has to be republished due to lack of news against Shell (I refer to Briggs 2009 article). COMMENT BY JOHN D. Would it not be fairer to say that everyone posting on this blog, including you, has an axe to grind. It is easy enough to look back over your contributions and reach a conclusion.
: It is easy to figure out who Witchy Woman is (LC). She has an "ax to grind" and is using this forum
: @uscitizen Voser is a competent and amicable chap. You claim Shell has delivered on its deliverables. Let me tell you everyone delivers on their deliverable.... But joking apart, look at the promises over the years and how well Shell has delivered on these promises. Their trackrecord is not very good over the last 15 years or so. They are a good money making machine. And sofar they have delivered on their constant or increasing dividend payments. Sometimes by increasing their debt but they have done it. A nice high oilprice has helped, don't you agree?? So my only observation was that his 'promise' to extend North Sea fields is quite opposite their activities in this area. And they have promised this before and done the opposite. It was a nice promise to build a new and expensive office in Aberdeen, more jobs for the UK and more activity and extending of production. Just check back what they have done. And predicting future productionlevels by Shell in general and Brinded in particular is nothing but a sick joke.
: To - an observer of Shell Shell has been delivering on its deliverables - why would you paint Voser as some one who is not??
: This was not a personal attack now was it Witchy one?? #133 Witchy woman on May 8th, 2011 at 1:42 pm Marvin Odum who probably has the worst safety record in Shell goes for a diversity vote and someone who has no safety experience to replace the VP of safety he just fired. Clear message where his priorities lie.
: Witchy Woman - you blase me for personal attacks???? That is so rich! I am defending people that are attacked if you had not noticed - and yes I do slam the folks who are throwing garbage out! Live with it!! Enjoy your retirement! Shell has a good retirement package in the US dont they??
: I feel the value of your posts is also minimal, just a complainer. PS - here is where you bash Denise - remember - or do we need to question your integrity the way folks question Shell leaders?? Witchy woman on Dec 7th, 2011 at 12:35 pm In GOM we thought that hurricane season was done. Why is Hurricane Denise causing so much damage then? Like all Hurricanes though they move on the professionals are left to pick up the pieces.
: According to the Independent article posted today the boss of Shell is telling us all not to get too emotional about fracking. Has he not seen the confirmation that fracking causes earthquakes? You have cited the Reuters article. There are others including coverage of a fracking earthquake in Blackpool England. I have to conclude that Voser is a fracking idiot.
Shell Blog RSS Feed
