Posts Tagged ‘Malaysia’

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. read more

12 October 2016

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. read more

Extract from an article published by ShareCast on 17 April 2014

Royal Dutch Shell has made an exploration discovery offshore Malaysia, the oil and gas giant announced on Thursday. The Rosmari-1 well, located 135km offshore in Block SK318, encountered more than 450 metres of gas column after being drilled to a total depth of 2,123 metres.

FULL ARTICLE

Extract from an article by Petroliam Nasional Berhad published by RIGZONE on Monday 17 March 2014

Malaysia’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).

FULL ARTICLE

FROM OUR SHELL NEWS ARCHIVE OCTOBER 2004

New Straits Times: Ageing and sickly, ex-Shell staff wait on court

“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). read more

The StarOnline (Malaysia): Shell to invest RM50mil on 50 autoserv outlets nationwide

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. read more

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. read more

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. read more

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. read more

NOVEMBER 11, 2011

By GURDEEP SINGH

SINGAPORE—Malaysia’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. read more

From pages 41, 42, 43 & 44 of “Royal Dutch Shell and its sustainability troubles” – Background report to the Erratum of Shell’s Annual Report 2010

The report is made on behalf of Milieudefensie (Friends of the Earth Netherlands)
Author: Albert ten Kate: May 2011.

Interfering with politics

Improper involvement?

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. read more

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), Europe’s 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. read more

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. read more

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. read more

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. read more

If you haven't seen the attached, it may interest you to know that the attached is a copy of Sarawak Shell Berhad/Sabah Shell Petroleum Company's internal management exchange which was leaked by one of the employees who is disgusted with Shell. You may take note that Shell cheats on paying the Retirement Benefit Fund resulting in the class action at Miri High Court by ex and current staff of Sarawak Shell Berhad/Sabah Shell Petroleum Company.