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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.
: Joe Lycett should talk to his friend Jimmy Carr about Shell. Jimmy worked in Shell marketing dept during the 1990s at Shell Mex House in the Strand.
: All I can say is that I worked on the Rigs onshore and offshore with almost every major oil company in the world. And by far Shell was the best. The most Professional, Safest and I should add treated all the workers the best. The worst BP.
: Link for Shell Job Applications: https://www.shell.com/careers.html Shell Fraud and Scam Alert https://www.shell.com/fraud-and-scam-alert.html
: ABOUT TIME! With the continued number of offshore cases, deaths in the office, and impacts on production, it's a simple business decision. Expect a number of offshore folks will complain mightily, but not too different than the complaints for implementation of the life saving rules, flame retardant clothing, drug testing, etc...
: I am sure that the Shell big bosses today had a lot to process with respect to the vaccine requirements. Offshore GOM, about half of the Shell staff based offshore have not "self declared" their vaccination status, while over 95% of the office based staff have. The operations teams have openly commented about the "risk" that people will leave if Shell or USCG required vaccinations for offshore work. On the other side of the coin, shutting in production for a few days on a TLP due to lack of healthy control room operators would suggest that we can afford to find people who will take the shot. There are so many skilled production operators that have lost employment in the last three years... just up the pay and fill the vacancies! Come on Shell do the right thing and make the vaccine a requirement - the safety of the staff has always been stated as the highest value. Any claim that this is a diversity and inclusiveness issue is a completely false narrative. Its like comparing it to respect people who choose to drive without a seatbelt, work at heights without fall protection, or don't wash their hands after using the toilet!
: Self explanatory: https://www.reuters.com/business/energy/shell-weighs-jab-or-job-policy-employees-document-2021-09-09/
: the 11 refined products terminals. 5 in the northeast most likely to be acquired by Buckeye partners, and the remaining 6 by Motiva. Before the end of the year!
: https://www.rigzone.com/news/tellurian_and_shell_finalize_10year_lng_deal-2-aug-2021-166089-article/?utm_campaign=WEEKLY_2021_08_06&utm_source=GLOBAL_ENG&utm_medium=EM_NW_F5 "Shell welcomed to Driftwood Project", this brings together some old acquaintances and invertebrates.
: Well, if you are going to steal my name... I will change it to the other Penn Chem nickname. I remember some of the folks over their running through lots of potential names for "Penn Chem" - PCP, Beaver Cracker , Monaca Cracker, Moon Cracker, Moon Chemical, Franklin, etc. Really its just one of the biggest failures in BvB's many. (BG, Brazil, Prelude, LNG, etc.) next he will continue to sell the crown jewels for costume jewelry prices. At least the old dirty oil business is generating enough cash to keep the company standing with such terrible management decision making.
: The recent allegations highlight that the inspectors in charge of assuring safety and environmental protection on large pipeline projects are usually paid by the pipeline builders themselves. Critics say that creates a conflict of interest, but pipeline industry officials compare the practice to quality control in other areas of manufacturing. “The system isn’t set up to ensure experienced and accountable inspections,” said Shannon Smith of the FracTracker Alliance, a Pennsylvania-based energy watchdog group that has monitored Shell’s project.
: You can be SURE of HELL, sorry missed an ‘s’ SHELL
: Unfortunately I was persuaded to switch to Shell Energy Broadband after a conversation with a staffer of USwitch, supposedly because download speeds were a little faster than PlusNet. But what a bad decision! Upload speeds are truly terrible, and the download speeds struggle to get up to what they publicise. Its an indictment of USwitch advice that they failed to point out how much upload speeds can vary between providers and that you can be trading DOWN to a worse service. Do the sane thing - don't be tempted as I was to choose this provider.
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 60 books also containing references to our non-profit websites and/or our activities.
John Donovan, the website owner
A head-cut image of Alfred Donovan (now deceased) appears courtesy of The Wall Street Journal.
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