News and information on Royal Dutch Shell Plc
Reuters
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
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.
Extract from an article published by ShareCast on 17 April 2014Extract from an article by Petroliam Nasional Berhad published by RIGZONE on Monday 17 March 2014Malaysia’s national oil and gas company Petroliam Nasional Berhad (Petronas) and Royal Dutch Shell plc announced Monday an oil discovery offshore Sabah, Malaysia. The drilling of the Limbayong-2 appraisal well was carried out by the consortium of Shell Malaysia (35 percent), ConocoPhillips (35 percent) and Petronas Carigali Sdn Bhd (30 percent).
Petroliam Nasional Berhad | Petroliam Nasional Berhad |
“Some have died. Others are losing their memory and many are ailing.”: “399 former employees of Sarawak Shell Bhd and Sabah Shell Petroleum Co Ltd engaged in a protracted legal battle with their ex-employers…” “claiming that they unlawfully deducted money from their internal retirement funds…”: “They won their case at the Miri High Court on Sept 20 but their employers filed an appeal.”: “For now, all they can do is hope their time doesn’t run out.”By Johannes Ridu & Sharifah Arfah
MIRI, 6 October 2004
Some have died. Others are losing their memory and many are ailing. They are among a group of 399 former employees of Sarawak Shell Bhd and Sabah Shell Petroleum Co Ltd engaged in a protracted legal battle with their ex-employers over an estimated RM50 million they claim is rightfully theirs.
In November 2002 they sued their ex-employers, claiming that they unlawfully deducted money from their internal retirement funds, Shell Sarawak & Sabah Retirement Benefit Fund (RBF) and Shell Sarawak & Sabah Provident Fund (SSF).
SHELL 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.
A key concern for many oil field workers, whether based offshore or onshore in a remote location, is how to maintain a family life – particularly if the oil worker has a young family.
For a worker based out of Aberdeen, Scotland operating in the North Sea is a straightforward deal: several weeks of well-paid work on a rig followed by a few weeks of quality time at home with the family.
Regular, quality time with your family becomes a bit more complicated if you are working halfway across the world from them. Oil and gas operations in remote locations often do not have the kinds of facilities nearby that are required by a young family.
JANUARY 16, 2012
SINGAPORE (Dow Jones)–Oil major Royal Dutch Shell PLC (RDSB.LN) said Monday it has signed two production-sharing contracts with Malaysia’s state-owned oil and gas company Petroliam Nasional Bhd. for enhanced oil recovery projects offshore Sarawak and Sabah.
The two companies had agreed in November to jointly develop the oil fields in Malaysia using enhanced oil recovery techniques, in a project that was valued at $12 billion, Petronas had said then.
The project is expected to help the Malaysian national explorer extract a greater portion of oil from its existing reserves and extend the life of its oil fields.
24 November 2011
An indication of a fault that led to a North Sea helicopter crash in which 16 men died had not been recognised just a week earlier, a report has found.
All 14 passengers and two crew lost their lives in April 2009 when the Bond Super Puma came down off Peterhead.
The Air Accidents Investigation Branch (AAIB) said an indication of gear degradation had not been picked up on.
There was a “catastrophic failure” of the main rotor gearbox as a result of a fatigue fracture, it said.
NOVEMBER 11, 2011
SINGAPOREMalaysia’s state-owned oil and gas company Petroliam Nasional Bhd. said Friday that it has agreed with Royal Dutch Shell PLC to jointly develop oilfields in Malaysia using enhanced oil recovery techniques.
The companies say the $12 billion project will help the Malaysian national explorer extract a greater portion of oil from its existing reserves and extend the lives of its oilfields.
The Malaysian company, also called Petronas, has been grappling with shrinking output from aging fields and targets capital expenditure of 50 billion ringgit-55 billion ringgit ($15.89 billion-$17.47 billion) a year over the next five years to replace and refurbish them.
Oil and politics have a lot to do with each other. The home states of Royal Dutch Shell are the United Kingdom and the Netherlands. These countries might want to secure their oil/gas imports and the economic benefits of having an international oil company based within their territory. These interests might overpower ethical interests, such as the protection of human rights in countries hosting the oil company. Home states often might have the same business interest than their oil companies.
Jason Alden/Bloomberg: A Shell station in London, U.K. Shell posted adjusted earnings of $6.6 billion, matching the mean estimate of nine analysts surveyed by Bloomberg.
By Eduard Gismatullin – Jul 28, 2011 8:47 AM GMT+0100
Royal Dutch Shell Plc (RDSA), Europes biggest oil company, said second-quarter earnings almost doubled on higher oil prices and project startups in Qatar and Canada.
Net income rose to $8.66 billion from $4.39 billion a year earlier, The Hague-based Shell said today in a statement. Excluding one-time items and inventory changes, profit matched analyst estimates.
Anglo-Dutch energy giant, Royal Dutch Shell has been pushing into China’s energy market. The company has been deepening ties with state-owned China National Petroleum Corp. (CNPC) and subsidiary PetroChina to explore and develop natural gas in the nation. In an exclusive broadcast interview with CNBC’s Christine Tan on Managing Asia, CEO Peter Voser says China looks set to surpass the U.S. and Canada in the supply of shale gas.
Q. How useful have your partnerships been with leading energy companies like Petrochina in giving you access into China, one of the world’s biggest energy markets?
I think it has developed extremely well. We are working with CNPC and PetroChina within China, but also globally. I think the success here is based on a win-win partnership, inside and outside China. If you only focus on what you can do inside China, and not let these companies participate on the global stage, I think this will not be successful. So we are combining with CNPC’s technologies to (extend) the global range. We are in Australia, Syria and Qatar. We have shale gas acre-age in China, and we do R&D together. We have similar partnership with Qatar Petroleum.
May 15, 2011
KUALA LUMPUR (Dow Jones)–A joint venture of Petroliam Nasional Bhd.’s upstream unit and units of ConocoPhillips (COP) and Royal Dutch Shell (RDSB.LN) will develop the Kebabangan gas field located offshore Sabah in East Malaysia, the company said Monday.
Kebabangan Petroleum Operating Co. is 40% owned by Petronas Carigali Sdn Bhd., while ConocoPhillips Sabah Gas Ltd. and Shell Energy Asia Ltd. own 30% each.
The field is located in water depths of 100-400 meters and is included in the Kebabangan Cluster Production Sharing Contract.
Article by Alfred Donovan
By June 2006 Shell Malaysia legal boss, Thavakumar Kandiah Pillai (right), had got himself into a most dreadful mess.
Two years earlier he had advised EIGHT different companies, all within the Royal Dutch Shell Group, to bring a collective defamation action against a former Shell Malaysia Production Geologist, Dr John Huong. The action was in respect of information published on an earlier version of this website, which I jointly own and operate with my son, John Donovan.
: Subsurface Technical Staff at Shell who previously worked for BG Group would be well advised to remember that reserves should not be booked on subjective technical workflows and furthermore that both the technical workflows used in calculating reserves and their results should be reproducible by the Auditors. The BG philosophy of 'it's alright as long as the oil and/or gas is flowing out of the ground and we don't know where it is coming from' is irresponsible, short sighted and to the detriment of Shell's shareholders. This attitude should be dropped pronto!
: Internet down 3 times for a day at a time. Reported it never had any contact back or reason given. Useless company out at end of contract.
: RE: Nigerian oil export terminal had theft line into sea for 9 years Sometimes I think I have seen it all and then this comes along Nigeria is simply doomed with all the corruption. Take it from me, this is a major operation to fix. So the top brass must have been involved. Half or more of the population is scratching a living in miserable circumstances, there is no more rule of law and these gangsters lay a pipeline from a terminal and steal oil. Simply beyond what I can imagine.
: They cut off my 87 year old moms phone. This isn't just a phone for people of that age its and essential lifeline. After spending an hour on hold I eventually got through to the customer service department. They said a bill hadn't been sent because of billing issues. That's why it wasn't paid. So, I settled the bill over the phone. The following day the service was resumed and a demand for the money paid over the phone was sent to her house. How incompetent are these people. I spent another hour on hold. No reply to the call at all this time. No response to my emailed complaint. Obviously I now have to find another provider. But a lot of stress for my mother. DO NOT DEAL WITH THESE PEOPLE. They are the worst of the worst. Date of experience: 10 September 2022
: Zero stars I have no written or verbal contract with shell energy . the same goes for the British government who cannot sell or pass a contract to any utility company that did not exist on my part , I will not be intimidated or threatened or money demanded by fraudulent acts , ie fraud by misrepresentation, fraud by misdirection, and fraud by abuse of position or power read the law shell even the government can't force me I have no contract remove your meters I will starve and freeze before I pay you a penny I paid them nearly 2, 200 quid to get rid they now say I owe them 2,518 they add on not take off I have no contract with you , you are breaking the law bye
: Been on hold for over an hour now. No idea what the customer service is like because I can't get through to anyone. Why did you take over Post Office Broadband customers as you clearly don't have enough staff to cope?
: Uncaring, horrible, hassling, profiteering bunch. I'm 80 with bipolar disorder I am an 80 year old with multiple health issues and diagnosed with bipolar disorder. These people at shell energy are disgusting. I've been unable to log into my account for months. I live in a one bedroom flat and they are taking £250 per month from me, that's before the increases in October. Despite contacting them, I still can't log into my account. I've now been told my (not so) smart meter can't be reached and I have to provide monthly meter readings, when I can barely get down stairs from my flat to the meter because of mobility issues. Worse than that, when I put my email address in to change my password and access the account, I was suddenly logged into an account in the name of Mr Knox, at an address I don't know, who they claim owes them £4,800 and hasn't made a payment in months. It's neither my name nor address. This isn't my account, but it has my personal email address registered against it. Despite advising them of this, I received the standard 'we are receiving a high volume of messages' garbage. They have since emailed me another bill for the imaginary Mr Knox. They are hassling me by sending me someone elses bills and bringing me to the verge of a mental breakdown. According to my son, £250, which they have taken from my bank EVERY month, is way too much for a one bedroom flat too, but I have no idea what I have used because my email logs me into another account in another area. IF THEY DON'T SORT THIS OUT, I'M GOING TO HAVE A MENTAL BREAKDOWN. ASK MY DOCTOR. Uncaring, horrible, hassling, profiteering bunch.
: Useless broadband and company,40 minutes on hold on phone about my internet dropping all the time,told openreach would come on the Monday, NOTHING no call message or openreach. Sent email wanting to know how long I've left on contract as I want to leave them and get another provider NOTHING. I hate ringing up having to wait almost 40 minutes on hold only to talk to someone who don't have any idea what they talking about.
: SHELL'S NOTICE TO VACATE NIGERIA OVER UNENDING OIL THEFT: NOT GOOD FOR THE NATION The rampant oil theft that is forcing Shell out of the Niger Delta, indeed out of Nigeria is one critical embarrassment that has overwhelmed a Federal Government that has failed in all sectors of the country. The petroleum sector remains the only sector footing the entire bills of the country, yet attention is not being given to protecting it from ceaseless sabotage. Against law-abiding citizens engaged in legitimate peaceful protests, trigger-happy security operatives will swing into action to crush any peaceful protest. The common man is driving his car on the road, Police will act to intimidate him, with all manner of contorted allegations and threats, to extort him. But then assign security operatives to check oil theft, they get so connected in no time and begin to aid and abet the oil theft they are mobilised at an outrageous cost to the nation. So, the Military and Nigeria Security & Civil Defense Corps (NSCDC) are as much connected to oil theft as the oil theft is connected to the host communities' leaders, oil company workers and contractors responsible for welding/clamping/clean-up/remediation contracts induced by vandalism. They vandalise pipes and valves to steal crude oil and condensate and the more these occur the more contracts are awarded for repairs/clamping of pipelines and clean-up/remediation activities. So, a lot of people are connected to oil theft beyond those who sell and buy the stolen condensate and crude oil. The fight against oil theft has become a lost battle as they sabotage with a huge economic toll on the commonwealth will continue to thrive, hence Shell has decided to quit her Niger Delta operations to concentrate on the 'deep sea offshore' of the Niger Delta that illegal bunkering syndicates can't access easily. In other shades of oil theft, you have DPR staff that are supposed to keep records of production and volume exported also involved in under declaration of figures. A lot is happening behind the scene at the points of exports, in the terminals. Even among key stakeholders like the Central Bank of Nigeria (CBN), Ministry of Petroleum Resources, NNPC and Accountant General of the Federation, it's an annual drama of conflicting figures when they are subjected to probe and accountability on the revenue generated from oil, condensate and gas, given a particular time frame. Again, the violent youths, also known as restive youths, created by Niger-Delta politicians are also there to disrupt the operations of Shell (SPDC) and other oil companies. Because politicians are not accessible immediately after they win elections and can only engage a few as personal aides thereafter, the rest are going about wreaking havoc on oil companies which they look up to as alternative governments. What's more, politicians and Public officeholders in the Niger Delta are only interested in the monthly allocations from Abuja from which they allocate outrageous portions into security votes that are never accounted for, contracts are inflated to syphon kickbacks into private vaults. All of these stakeholders' knaveries are making onshore operations so unattractive to Shell and other International Oil Companies(IOCs). And it's not a good one if they have to leave. By Zik Gbemre July 13, 2022
: Shell Energy Retail wants to increase customers by over 300% by 2030, however there's no mention about the level of satisfaction that will entail. https://www.shell.co.uk/media/speeches-and-articles.html
: David Bunch aims to more than treble Shell Retail Energy customers by 2030, but no mention about current customer satisfaction. https://www.shell.co.uk/media/speeches-and-articles.html
CUSTOMER COMMENTS ABOUT SHELL ENERGY RSS Feed
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.
This is not a Shell website. That fact should be abundantly plain from the overall content of this home page and our sister Shell focussed websites, including shellnazihistory.com. Click on the Disclaimer link at top of this page for more information. You Can Be Sure Shell does not endorse or approve of this website. There are no subscription charges nor do we solicit or accept donations. It is an entirely free to use website drawing attention to the negative side of Shell while also publishing positive news about the company. The Shell logo image with the white text used on this website, as per the above example, is in the public domain because its copyright has expired and its author is anonymous. It can be found here on WIKIMEDIA COMMONS. Our shellenergy.website republishes Shell Energy customer complaints posted on Trustpilot where there is an ample supply. Use this link for Shell’s own website.
See our link list of over 500 articles by the FT, Wall Street Journal, Reuters, Bloomberg, Forbes, Dow Jones Newswires, New York Times, CNBC etc, plus UK House of Commons Select Committee Hansard records, information on U.S. Securities & Exchange Commission website etc. all containing references to our Shell focussed websites, or our website founders Alfred and John Donovan. Includes TV documentary features in English and German, newspaper and magazine articles, radio interviews, newsletters etc. Plus academic papers, Stratfor intelligence reports and UK, U.S. and Australian state/parliamentary publications, also citing our Shell websites. Click on this link to see the entire list, all in date order with a link to an index of over 100 books also containing references to our non-profit websites and/or our activities.
John Donovan, the website owner
