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Shell’s Positioning For Better Russia And Iran Relations Is Part Of Its Global Gas Strategy

Jul 24th, 2015
by John Donovan.
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Screen Shot 2015-06-18 at 22.09.48Zoltan Ban: 23 July 2015

Summary

  • Shell has been showing long-term interest in moving more towards natural gas for a while, with natural gas production surpassing its oil production in 2013.
  • Aside from its major acquisition of BG group, it is forming an alliance with Gazprom and is looking to be among the first in Iran.
  • The overall big picture suggests that Shell is giving up on North American shale gas and focusing on being a major player in conventional gas and LNG.

Before Royal Dutch Shell (RDS.A, RDS.B) acquired BG Group, it was already a major player in the gas industry. Its upstream production has been more than half natural gas since 2013 already. It is constantly looking to expand its downstream presence, with plans such as the ethylene plant it wants to build in Pennsylvania, in order to take advantage of the cheap gas in the North-Eastern part of the United States. It also has a gas to liquids plant in Qatar, which is the world’s biggest. It should be no surprise then to see Shell actively involved in setting up a tighter partnership with both Russia and Iran. read more

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We are engaged, Shell says after Iranian deal

Jul 16th, 2015
by John Donovan.
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“Shell continues to comply with all relevant international sanctions”

By Daniel J. Graeber

DUBAI, United Arab Emirates, July 14 (UPI) — With a nuclear deal in hand, Royal Dutch Shell said Tuesday it’s exploring the “immediate and long-term” implication of an opening Iranian oil door.

Representatives from the five permanent members of the U.N. Security Council, Germany and Iran announced the signing of a breakthrough agreement that pulls Iran back from the brink of developing a nuclear weapons program in exchange for sweeping and staged relief from economic sanctions. read more

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Curious coincidence involving Shell, Iran, Noble Corp and $2.16 billion

Jun 25th, 2015
by John Donovan.
1 comment

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FROM A REGULAR CONTRIBUTOR

The former owners of the Frontier drilling company sold their rigs to Noble for $2.16 billion in 2010. Given that their fleet of five vessels consisted of ancient rust buckets which were fit only for the scrapyard, this has always seemed like an inordinately large sum. The five vessels had been acquired by Frontier for about $100 million. The only client of Frontier was Shell. See http://www.reuters.com/article/2010/06/28/us-noblecorp-idUSTRE65R2C520100628 . (See below)

Noble operated two rigs for Shell in Alaska (Discoverer and Kulluk) during the disastrous 2012 drilling campaign. In spite of their performance in 2012, Noble will once again be operating the Discoverer (now over 50 years old) during the upcoming drilling campaign. Discoverer is one of the rust buckets that Noble acquired from Frontier.   read more

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Shell Executives Visit Tehran for Projects If Sanctions End

Jun 25th, 2015
by John Donovan.
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by Javier Blas 24 June 2015

Royal Dutch Shell Plc executives have visited Tehran to discuss possible partnerships, the latest sign that the largest oil companies are serious about returning to Iran once a deal on the country’s nuclear program is done.

The meeting with Iranian officials covered its outstanding debt to National Iranian Oil Co. and possible areas of business cooperation, the company said in an e-mailed statement Wednesday. Shell owed $2.16 billion as of the end of 2014 for oil it wasn’t able to pay Iran for because of sanctions, according to its annual report. read more

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Gazprom lays bare West’s vulnerability

Jun 23rd, 2015
by John Donovan.
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Royal-Dutch Shell is teaming up with Gazprom on several projects despite Western sanctions on Russia.

Screen Shot 2015-06-18 at 22.09.48The expanded partnerships fly in the face of European and American sanctions which ban joint ventures with Russian energy companies.

23 June 2015

Europe’s efforts to reduce dependence on the Russian energy have been dealt a new blow after reports that the Anglo-Dutch energy behemoth Shell was teaming up with Gazprom on several projects. 

Shell as well as Germany’s E.ON and Austria’s OMV Group signed a memorandum with Gazprom last week to build two new Nord Stream gas pipelines under the Baltic Sea to Germany. They hope to ship 55 billion cubic meters of gas to Europe each year. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, and shellwikipedia.com, are owned by John Donovan. There is also a Wikipedia segment.

Iran Welcomes Shell, BP, Total and American Oil Companies

Jun 15th, 2015
by John Donovan.
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Screen Shot 2015-06-11 at 19.31.15Iran Welcomes Shell, BP, Total and American Oil Companies

Dr. Majid Rafizadeh Become a fan: President of the International American Council: 14 June 2015

“Royal Dutch Shell PLC, which owes the Islamic Republic an outstanding debt of more than $2 billion, has been talking about repaying Iran after the nuclear deal is signed, and consequently the related sanctions are lifted.”

In an unprecedented move, Iranian leaders have welcomed American oil companies to enter Iran, upon the condition that sanctions are lifted. This move suggests that the Islamic Republic is putting its economic interests ahead of its revolutionary ideological interests. In return, the economic profits will definitely help Iran spread its revolutionary ideologies and principles in the region.

Recently, Iranian Oil Minister Bijan Zanganeh stated to Iran’s media “We welcome the presence of American oil companies in Iran,” adding, “we will definitely prepare the grounds for the presence of American oil companies in Iran.” read more

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Shell CEO Discusses $2 Billion Debt Payment With Iran Oil Minister

Jun 3rd, 2015
by John Donovan.
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Shell CEO Discusses $2 Billion Debt Payment With Iran Oil Minister

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Royal Dutch Shell Plc CEO Ben van Beurden. PHOTO: BLOOMBERG NEWS

By BENOÎT FAUCON: June 3, 2015 

VIENNA— Royal Dutch Shell PLC said Wednesday it was discussing the repayment of an outstanding debt of over $2 billion with Iran when international sanctions are lifted.

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Write to Benoît Faucon at [email protected]

SOURCE

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Shell, BP Openly Admit Iran Interest on Possible Atomic Deal

Jun 3rd, 2015
by John Donovan.
1 comment

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Article by Javier Blas and Angelina Rascouet published 3 June 2015  by Bloomberg.com

European oil majors are for the first time openly declaring interest in Iran in anticipation of a possible end to sanctions against the country over its nuclear program.

Leaders of Royal Dutch Shell Plc, BP Plc and Total SA all said Wednesday they were ready to return to the nation with the world’s second-largest natural-gas reserves and fourth-biggest oil cache, after similar comments by Italy’s Eni SpA last month.

U.S. oil companies, constrained by the history of American sanctions against Iran dating from the 1979 Islamic revolution, are more cautious in their statements on a return. The current curbs have prevented investment in Iran for a decade. read more

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Shell in talks with Iran oil company

May 9th, 2015
by John Donovan.
1 comment

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Shell in talks with Iran oil company

Managing Director of Iran’s Pars Oil Company says oil giant Shell has voiced interest to resume activities in the country’s energy sector.

Hossein Vafaee said indirect talks have already started with Shell. The Iranian official also forecast “tough conditions” for Iran once after sanctions against the country are removed.

“If sanctions are removed, many rivals will enter the Iranian market and this will make tough conditions for us,” Forsat Emrooz Newspaper quoted Vafaee as saying.

He reiterated that Iran is after regaining its share of regional and global energy markets when sanctions imposed against the country over its nuclear program are lifted. read more

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Royal Dutch Shell And Others Interested In Iran Following Nuclear Deal Agreement

Apr 7th, 2015
by John Donovan.
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By: MICHEAL KAUFMAN

Published: Apr 7, 2015 at 8:20 am EST

Iran’s oil exports are set for a boost after a framework nuclear agreement was reached between the country and world powers in Lausanne, Switzerland. The deal also paves the way for international energy groups to make a comeback to the country after a five year pause.

Western sanctions against Iran have badly hurt its oil and gas industry. The Iranian government now wants foreign investment to return and it’s expected that Tehran will start preparations for new contracts with western companies. read more

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Can Iran Attract Foreign Investments By Oil Majors Such As BP And Shell plc?

Apr 1st, 2015
by John Donovan.
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By: MICHEAL KAUFMAN: Published: Apr 1, 2015 at 8:34 am EST

Recently, Iran has been exposed to numerous sanctions by the West over concerns that the country was developing a nuclear project. However, talks between the US and Iran have started over a new nuclear deal. If the deal is successful, then sanctions are expected to ease off and Western energy companies are expected to return to the country.

According to Bloomberg, the discovery of oil in 1908 in the country laid the foundations for the development of the British oil major, BP plc (ADR) (NYSE:BP). An oil consultant in Iran, Nader Sultan said: “You look at the history of the oil companies, and that history is Iran.” read more

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Iran riches coveted by big oil after decades of conflict

Mar 31st, 2015
by John Donovan.
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Extracts from a Bloomberg article published 31 March 2015

Iran riches coveted by big oil after decades of conflict

Now, as Iran and the US enter 11th hour negotiations to reach a nuclear deal and ease sanctions, the West Asian country is emerging again as a potential prize for western oil companies such as BP, Royal Dutch Shell Plc, Eni SpA and Total SA.

The restoration of Western oil investment appears to be a priority for Iran in its nuclear talks with the U.S., U.K, France, Germany, Russia and China. A year ago, the new Iranian President Hassan Rouhani used a speech during the World Economic Forum in Davos to court the European oil majors. read more

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Who Will Rule the Oil Market?

Jan 24th, 2015
by John Donovan.
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Screen Shot 2015-01-13 at 09.23.28OPINION ARTICLE BY DANIEL YERGIN PUBLISHED IN PRINT BY THE NEW YORK TIMES ON SATURDAY 25 JAN 2015

WASHINGTON — A HISTORIC change of roles is at the heart of the clamor and turmoil over the collapse of oil prices, which have plummeted by 50 percent since September. For decades, Saudi Arabia, backed by the Persian Gulf emirates, was described as the “swing producer.” With its immense production capacity, it could raise or lower its output to help the global market adjust to shortages or surpluses.

But on Nov. 27, at the OPEC meeting in Vienna, Saudi Arabia effectively resigned from that role and OPEC handed over all responsibility for oil prices to the market, which the Saudi oil minister, Ali Al-Naimi, predicted would “stabilize itself eventually.” OPEC’s decision was hardly unanimous. Venezuela and Iran, their economies in deep trouble, lobbied hard for production cutbacks, to no avail. Afterward, Iran accused Saudi Arabia of waging an “oil war” and being part of a “plot” against it. read more

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BP sees $50 oil for three years

Jan 15th, 2015
by John Donovan.
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Screen Shot 2014-12-04 at 20.54.03BP can’t be immune to the upheaval. Today its job announcement is focused on the UK. But it won’t be long till it announces staff reductions in Houston, another of its important centres.

Robert Peston article published by BBC News 15 Jan 2015

BP sees $50 oil for three years

BP’s job announcement later today, including a few hundred job losses in Aberdeen, is being made because it does not expect the oil price to bounce any time soon.

The oil price has dropped around 60% since June, to $48 a barrel, and I understand that BP expects that it will stay in the range of $50 to $60 for two to three years.

Although no oil company has a crystal ball, this matters – especially since it has a big impact on its investment and staffing ambitions.

So plans that it had already initiated to reduce costs have taken on a new element, namely postponement of investments in new capacity that have not been started, and shelving of plans to extend the life of older fields where residual oil is more expensive to extract. read more

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Shell still buying Iranian crude

Jan 6th, 2015
by John Donovan.
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Screen Shot 2015-01-06 at 10.42.47Reuters: Tuesday, Jan 06, 2015

TOKYO – Two of Japan’s biggest buyers of Iranian crude, JX Nippon Oil & Energy Corp and Showa Shell Sekiyu KK, are set to keep their purchases from Tehran largely steady in 2015, their top officials said on Tuesday.

Japanese refiners have been making decisions about how much Iranian crude to buy after consulting with the government on how much they are allowed under Western sanctions on Iran.

Iran and Western world powers failed in November to meet a self-imposed deadline to resolve the standoff over Tehran’s nuclear ambitions, extending talks for seven more months and allowing the Islamic republic to keep exports at about 1 million bpd, down by more than half from 2012 levels. read more

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Shell’s Return to Iran?

Dec 9th, 2014
by John Donovan.
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Screen Shot 2014-10-30 at 09.22.43Iranian officials have said that Royal Dutch Shell, British Petroleum, France’s Total and Russia’s Lukoil had expressed interest in investing in Iran when the sanctions imposed on Tehran over its nuclear program are eased. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, and shellwikipedia.com, are owned by John Donovan. There is also a Wikipedia segment.
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