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Shell set to abandon Saudi Empty Quarter gas search- sources

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Thu Mar 7, 2013 4:40am EST

* High costs, low returns of Empty Quarter gas search

* Development terms the problem-sources

* Shell says talks with Saudi government continue

By Reem Shamseddine and Amena Bakr

KHOBAR/DUBAI, March 7 (Reuters) – Royal Dutch Shell is set to pull out soon from a joint venture that has searched for gas in Saudi Arabia’s Empty Quarter for years, due to disagreements with the government over terms, four industry sources familiar with the matter said.

The gas search has been a top priority for Saudi Arabia as it struggles to keep pace with rapidly rising domestic demand for energy, but the shale revolution has opened up more lucrative opportunities for energy companies elsewhere. read more

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Shell to buy Repsol LNG assets for $6.2 billion in cash and assumed debt

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Associated Press: Published February 26, 2013

AMSTERDAM –  Royal Dutch Shell says it has struck a deal with Spain’s Repsol SA to buy Repsol’s liquefied natural gas assets in Peru and Trinidad & Tobago in a deal worth $6.2 billion.

Shell said it would pay $4.4 billion in cash and assume $1.8 billion in Repsol debt and other obligations.

The deal also includes a gas-fueled power plant in Spain.

For Shell, Europe’s largest oil company, the deal builds on an already strong specialization in LNG. More than half of Shell’s production comes from natural gas, rather than oil, and it has stakes in LNG facilities across the world. read more

royaldutchshellplc.com and its also non-profit sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Repsol Nears LNG Assets Sale to Shell for Up to EUR1.7 Billion -Report

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Dow Jones Newswires: Published February 25, 2013

Spain’s Repsol SA may announce this week the sale of several of its liquefied natural gas assets to Royal Dutch Shell PLC for a total between 1.50 billion euros ($1.98 billion) and EUR1.7 billion, reports Expansion, citing financial sources.

Repsol’s regasification plant in Canada will be excluded from the sale to Shell, as it is operating below its capacity and likely would force Repsol to make provisions on that asset, the paper adds.

Repsol’s other LNG assets are located in Peru, Trinidad and Tobago and Spain. read more

royaldutchshellplc.com and its also non-profit sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Repsol likely to sell LNG assets to Shell: report

By MarketWatch Jan. 28, 2013

The board of Spain’s Repsol SA will analyze and likely approve at its meeting Wednesday the sale of the oil company’s liquefied natural gas assets to Royal Dutch Shell, reports Cinco Dias in its Tuesday Internet edition, citing people close to the operation.

The company was initially looking to raise some 3 billion euros ($4 billion), but the final figure could be much lower, in the ballpark of EUR2 billion, the paper adds, citing the same sources.

Repsol’s LNG assets are located in Peru, Trinidad and Tobago, Canada and Spain. read more

royaldutchshellplc.com and its also non-profit sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Europe’s Oil Majors Plead for Patience

August 5, 2012

By ALEXIS FLYNN

Downbeat quarterly earnings from Europe’s major energy companies are a reminder that the bumper returns of two years ago are a long way from returning, as the sector expends time and money trying to secure new oil and gas fields.

While the market was braced for a drop in profits from a year ago, given that crude prices averaged 7% less than in the corresponding period in 2011, the scale of the future challenge faced by companies like BP PLC, Royal Dutch Shell PLC, Total SA and Eni SpA was yet again in evidence, analysts said. read more

royaldutchshellplc.com and its also non-profit sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Exxon may lead drop in global oil profits on lower prices

Top Houston companies by market value

Posted on July 25, 2012 at 6:40 am by Bloomberg

The world’s largest oil companies are poised to report a drop in second-quarter earnings after crude prices declined for the first time in three years.

Exxon Mobil Corp. (XOM), the world’s biggest oil company by market value, will probably say tomorrow net income dropped 13 percent from a year earlier to $9.3 billion dollars, based on the average of five analysts’ estimates compiled by Bloomberg. Royal Dutch Shell Plc (RDSA), Europe’s top oil producer, is expected to see profit decline 4 percent after adjusting for certain gains and losses. read more

royaldutchshellplc.com and its also non-profit sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Repsol, Shell, Conoco Offer High Bids for Alaska Oil Leases

By Katarzyna Klimasinska – Dec 7, 2011 11:08 PM GMT

Repsol YPF SA (REP), Royal Dutch Shell Plc (RDSA) and ConocoPhillips (COP) are among the high bidders for oil leases offered by the State of Alaska.

The state Department of Natural Resources sold leases today for 281,095 acres in the Beaufort Sea and 335,289 acres on the North Slope, to boost oil exploration and production and push more crude through the Trans Alaska Pipeline.

Repsol of Madrid, Spain’s largest oil company, bid $2.6 million for North Slope tracts and $376,256 for Beaufort leases. Shell of The Hague offered $2.6 million for access to the Beaufort Sea, where it has holdings purchased from the federal government in 2005. Conoco, based in Houston, will pay $2.7 million for access to North Slope lands, according to an interim sale report from the state. read more

royaldutchshellplc.com and its also non-profit sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Shell bets on North Slope in Alaska oil lease sale

Alex DeMarban | Dec 07, 2011

State officials called Alaska’s much-awaited oil and gas lease sale a qualified success on Wednesday, noting that 19 groups spent $21 million.

Still, the state must keep working to roughly double the flow of oil in the trans-Alaska pipeline and meet Gov. Sean Parnell’s goal of 1 million barrels a day, said Dan Sullivan, Natural Resources commissioner.

According to Sullivan, good news from Wednesday’s state lease sale includes:

• Shell Oil snatched up 80,000 acres in state waters of the Beaufort Sea, some 60 miles west of their closest federal lease. If commercial quantities of oil and gas are found in that area in Harrison Bay, Shell might be able to build “synergies” by developing both state and federal areas, said Curtis Smith, spokesman for the oil giant in Alaska. read more

royaldutchshellplc.com and its also non-profit sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Shell, Conoco, Repsol increase Alaska oil holdings

Curtis Smith, spokesman for Shell in Alaska, said the company continues to concentrate on its exploration plans in federal waters of the Beaufort and Chukchi Seas but is seeking to diversify its offshore operations.

royaldutchshellplc.com and its also non-profit sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Lukoil/Repsol

Lukoil's Spanish ambitions probably derive in part from the same calculation that has underlain many companies' foreign expansion since the Yukos affair: that owning high-profile assets internationally is insurance against Kremlin assault.

royaldutchshellplc.com and its also non-profit sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Shell escapes 96 million euros fine after grassing on other members of “paraffin mafia”

Anglo-Dutch oil major Shell escaped a potential fine of 96 million euros because it blew the whistle first to the EU competition authorities.

royaldutchshellplc.com and its also non-profit sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Shell evades potential €96m fine by informing on other cartel members, including ExxonMobil

A fine of more than £500m has been slapped on a group of leading energy companies including ExxonMobil and npower's parent, RWE, after the whistle was blown on a price-fixing cartel by Shell.

royaldutchshellplc.com and its also non-profit sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

THE WALL STREET JOURNAL

Royal Dutch Shell PLC blew the whistle and thus managed to avoid fines.

royaldutchshellplc.com and its also non-profit sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Brussels fines paraffin wax cartel

The aggregate €676m penalty would have been even higher but for the fact that Shell eventually blew the whistle on the price-fixing deal. This earned it full immunity from any fine, which would otherwise have cost it close to €100m.

royaldutchshellplc.com and its also non-profit sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

‘Paraffin mafia’ comes unstuck after €676m fines

The Commission made dawn raids on the companies three years ago after Shell, one of its members, blew the whistle on the illegal activities. Shell escaped a possible fine because it provided the Commission investigators with the initial vital information.

royaldutchshellplc.com and its also non-profit sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Russia, China and India consider stake in Spanish oil

The national oil companies of Russia, China and India are all running the slide rule over a 5 billion euro stake that has been put up for auction in Repsol, the Spanish oil giant. European majors also known to be taking a look include Royal Dutch Shell, Total of France and Italy’s Eni.

royaldutchshellplc.com and its also non-profit sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.
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