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Shell launches sale of stakes in Malaysian oil and gas fields -document
LONDON, July 22 (Reuters) – Royal Dutch Shell (RDSa.L) launched the sale of its stakes in oil and gas fields it does not operate off the coast of Malaysia, according to a document seen by Reuters.
Reporting by Shadia Nasralla and Ron Bousso; Editing by Chizu Nomiyama FULL ARTICLE
Shell Malaysia to cut 250-300 upstream jobs
Published date: 15 January 2021
Shell will cut 250-300 jobs from its upstream operations in Malaysia over the next two years, or around 2pc of the current workforce, calling it a necessary change to ensure it is “in a strong position to capture opportunities in the energy transition”.
Shell announced in September plans to cut 7,000-9,000 jobs over the next two years as part of a structural reorganisation to shift towards a low-carbon future.
Shell will continue to be the biggest owner in LNG Canada, holding a 40 percent stake.Reuters Staff: MAY 31, 2018
SINGAPORE (Reuters) – Malaysia’s state-owned oil and gas company Petroliam Nasional Bhd [PETR.UL] said on Thursday it is buying a 25 percent stake in a Canadian liquefied natural gas (LNG) export project, nearly a year after cancelling its own planned terminal. The company, known as Petronas, will buy an equity stake in LNG Canada, an export project led by Royal Dutch Shell located in Kitimat, British Columbia, said Petronas in a statement. The purchase is expected to close in the next few months, the company said. FULL ARTICLE
UPDATE 2-Mubadala advances $1 bln Malaysia Pegaga gas field projectReuters Staff: MARCH 21, 2018
KUALA LUMPUR, March 21 (Reuters) – Mubadala Petroleum, Petronas and Royal Dutch Shell will spend more than $1 billion to develop Malaysia’s Pegaga gas field, aiming to produce gas by the third quarter of 2021, Abu Dhabi-based Mubadala said on Wednesday. The project in Block SK320, located in the Central Luconia province, offshore the East Malaysian state of Sarawak, will now proceed to the construction and installation stage, the company said in a statement. FULL ARTICLE
Extracts from the ebook “John Donovan, Shell’s Nightmare” (now available on Amazon websites globally)TEAM A
Dr Huong was not the only former employee of Shell Malaysia that we were in contact with. We also published articles about a group of 399 former Shell Malaysia employees known as “Team A” (see center screenshot on previous page). They successfully sued Shell for alleged misuse of their pension funds, but the decision was reversed on appeal after Shell exploited a time-limit loophole.
Related further information
The above photograph was taken immediately after the Malaysian High Court ruled in favour of 399 former Shell employees known as “Team A” in what was an epic class action lawsuit. The Judge ruled that Shell had acted “unlawfully” in making deductions from the employee retirement pension funds. Under a hard-hearted management, headed by then Chairman Jon Chadwick, Shell successfully appealed the decision by exploiting a legal loophole relating to litigation time limits. Many of the former employees were elderly, sick and dying.
Malaysia’s Petronas has cancelled plans for an $11.4-billion liquefied natural gas terminal on the B.C. coast, a major blow to Canada’s efforts to become a global LNG supplier. READ MORE
THE HAGUE, Netherlands, Dec. 14 (UPI) — Tapping the deep-water oil prospects off the coast of Malaysia is indicative of the confidence of growth from those basins, Royal Dutch Shell said.
Shell said it started oil production from the Malikai facility about 60 miles off the coast of Malaysia. It’s the company’s second such project in Malaysia and the first of its kind for Shell outside the U.S. waters of the Gulf of Mexico.
Andy Brown, a director for exploration and production for Shell, said in a statement the start of operations in deep Malaysian waters marks a milestone for the company.
By Elffie Chew and Joyce Koh: 14 October 2016
Royal Dutch Shell Plc is considering a sale of its stake in a Malaysian liquefied natural gas export plant, which could fetch more than $1 billion, people familiar with the matter said.
Shell is gauging interest in its 15 percent stake in MLNG Tiga Sdn., which owns an LNG terminal in Sarawak on the island of Borneo, according to the people. The sale may draw interest from private-equity firms, the people said, asking not to be identified as the process is private. Malaysia’s state-owned Petroliam Nasional Bhd., which holds 60 percent of MLNG Tiga, has pre-emptive rights on the stake, one of the people said.
Royal Dutch Shell is reportedly selling its participation in various offshore fields in Malaysia, according to media sources.
The supermajor has allegedly signed a deal with Hibiscus Petroleum to sell its 50% stake in the 2011 North Sabah Enhanced Oil Recovery production sharing contract (PSC), which includes four fields and associated infrastructure.
“This is a significant milestone for Hibiscus Petroleum. When we created Hibiscus Petroleum, this was our goal, to invest in Malaysia and to apply our knowledge and experience to create value in our own backyard,” Hibiscus Petroleum Managing Director, Kenneth Pereira, said.
By Micheal Kaufman on Apr 6, 2016
Royal Dutch Shell plc (ADR) (NYSE:RDS.A) has shipped a cargo of Bintulu condensate from Malaysia to New Orleans, Louisiana, Reuters reported citing a trade source familiar with the matter. This is the first time that the US is importing this type of a condensate from Malaysia.
According to news sources, the Polaris, vessel containing 200,000 barrels of the offshore oil produced by the Malaysian state oil giant, Petronas, left the Malaysian terminal in February. The tanker stopped at Singaporean port, before heading towards Louisiana.
Royal Dutch Shell will sell a majority stake in its Malaysian refining business as part of a strategy overhaul to combat plummeting profits.
The Anglo-Dutch firm said it has agreed to sell a 51pc stake in the business for $66.3m to engineering group Malaysian Hengyuan International.
The latest retreat comes alongside plans to sell its marketing business in Denmark and Norway, its LPG businesses in France and a 33.24pc stake in Showa Shell Sekiyu KK.
Shell’s latest financial report due out on Thursday is expected to make clear the heavy toll the ongoing oil price rout has taken on the firm, with full-year profits expected to be 48pc lower than the year before.
HOUSTON — Royal Dutch Shell’s oil unit in Malaysia said it will cut 1,300 jobs, or about 20 percent of its Malaysian workforce, over the next two years as it restructures itself.
Shell Malaysia said Tuesday it is trying to become a more efficient company but gave few details beyond disclosing the coming staff reductions. It said it has made “adjustments” to its upstream portfolio but didn’t elaborate.
“Shell Malaysia is preparing itself to be more competitive in a low oil price environment,” Shell Malaysia Chairman Iain Lo said in a written statement. “Continuing business as usual is not sustainable. We are taking difficult, but necessary action.”
From a Reuters article published Friday 9 Jan 2015 under the headline:“Malaysia’s Shell Refining explores options in face of weak margins”
Extract from an article published by ShareCast on 17 April 2014SHELL Malaysia will be investing RM50mil to set up 50 Shell autoserv outlets nationwide over the next three to four years.
Sam Hanna, general manager of Shell autoserv Malaysia, said that on average, the company would spend about RM1mil on each new outlet including refurbishment, fittings and stocks.
“It is timely for Malaysia to have such one-stop centres for car maintenance services,” he said in an interview with StarBiz in Johor Baru.
He said the company had spent US$1mil to conduct research on the concept of car service centres and found that car owners in this country are ready for such facilities.
PTI / Houston June 08, 2004
In order to improve quality and save $850 million annually beginning in 2008, Shell Oil Co is cutting 600 to 800 information technology jobs in the USA and offshoring most of these jobs to India and Malaysia.
“It’s about reducing cost and improving quality,” said Anne Knisely, manager of corporate media relations for Shell Oil, which is based in Houston and is part of the Royal Dutch-Shell Group of Companies.
Currently, Shell has a total IT manpower of 9,300 personnel globally, including 2,200 in the United States. Most of the domestic IT jobs are in Houston. This cutback will be mostly among temporary staff, whose work will be transferred to low-wage countries. A Dutch IT worker costs the company $85,000 annually, compared to $20,000 for an Indian.
EBOOK TITLE: “SIR HENRI DETERDING AND THE NAZI HISTORY OF ROYAL DUTCH SHELL” – AVAILABLE ON AMAZON
EBOOK TITLE: “JOHN DONOVAN, SHELL’S NIGHTMARE: MY EPIC FEUD WITH THE UNSCRUPULOUS OIL GIANT ROYAL DUTCH SHELL” – AVAILABLE ON AMAZON.
EBOOK TITLE: “TOXIC FACTS ABOUT SHELL REMOVED FROM WIKIPEDIA: HOW SHELL BECAME THE MOST HATED BRAND IN THE WORLD” – AVAILABLE ON AMAZON.
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