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Posts Tagged ‘Shale Gas’

Peter Voser: cheap shale gas is a myth

Screen Shot 2013-03-23 at 09.15.15Shale gas will not change energy pricing structures across the world, according to the chief executive of Shell

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Emily Gosden

By , in Geoje, South Korea: 8:30PM BST 16 Oct 2013

It is a “myth” that exports of cheap shale gas from America will cut gas prices in Europe and Asia, Peter Voser, chief executive of Royal Dutch Shell has warned.

America is sitting on a glut of shale gas that has seen prices plummet to as little as a third of UK prices. It is now in the process of developing export terminals where the gas will be cooled for shipping abroad as liquefied natural gas (LNG).

UK politicians have hailed the prospect of Britain importing cheap gas from the US as one solution to help consumers struggling with rising energy bills as domestic gas production dwindles. read more

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Shell CEO says shale gas to take longer to develop than expected

Screen Shot 2013-05-03 at 08.17.32Royal Dutch Shell CEO Peter Voser said it will take a longer time than expected for the company to reap benefits from its shale gas projects due to poor short-term results. Weak U.S. shale liquids production contributed to a $2.2 billion charge Shell revealed in August and was a key factor in its decision to abandon its goal to deliver 4 million barrels a day of production by 2017. Voser was also sceptical about the success of shale development elsewhere.

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DAEGU, South Korea | Tue Oct 15, 2013 1:42am EDT

Oct 15 (Reuters) – Royal Dutch Shell CEO Peter Voser said it will take a longer time than expected for the company to reap benefits from its shale gas projects due to poor short-term results.

Weak U.S. shale liquids production contributed to a $2.2 billion charge Shell revealed in August and was a key factor in its decision to abandon its goal to deliver 4 million barrels a day of production by 2017.

“We didn’t get the results which we were expecting to get in the shorter term and we will therefore have to develop this a little bit more before we can take benefits from it,” Voser told reporters on the sidelines of the World Energy Congress. read more

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Shell Plans to Spend $1 Billion on China Shale Gas Development

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By Bloomberg News – Mar 26, 2013 8:09 AM GMT

Royal Dutch Shell Plc (RDSA) will spend $1 billion developing China’s shale gas reserves, according to Peter Voser, the company’s chief executive.

Shell has won government approval for its production sharing contract with China National Petroleum Corp., the nation’s biggest oil and gas company, Voser said in an interview in Beijing today. He didn’t specify a timeline or other details for the $1 billion investment.

China is working with overseas partners to introduce hydraulic fracturing, the technology known as fracking that breaks open underground shale rocks to release natural gas, as it seeks to boost domestic consumption of the cleaner-burning fuel. Shell and CNPC had drilled 24 wells by November and planned a further 14 this year, Maarten Wetselaar, executive vice president of Shell Upstream International, said Nov. 15. read more

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Shell eyes Russian opportunities as profits hit by energy prices

Royal Dutch Shell said it was eyeing opportunities to expand in a new “more open” Russia, as it unveiled a 25pc slump in profits, hit by lower energy prices.

Emily Gosden By , Energy reporter 7:00PM BST 26 Jul 2012

Royal Dutch Shell is eyeing opportunities to expand in a new “more open” Russia, its chief executive said today, as he unveiled a 25pc slump in the oil major’s profits, hit by lower energy prices.

Peter Voser confirmed that discussions were ongoing about future liquefied natural gas (LNG) projects in Russia.

The company is said to be in talks about joining the huge Shtokman LNG project in the Russian Arctic, with state-controlled Gazprom.

“We have a very successful venture with Gazprom in eastern Siberia. I think our credentials are clear,” Mr Voser said. “From a strategic point of view we are open to further investments in Russia and therefore are looking at opportunities either [in] oil or LNG. We have talked with the various players. Those talks include Gazprom.” read more

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Shell poised to bid for China shale gas exploration rights

By Xie Yu in Shanghai (China Daily): Updated: 2012-07-18 08:03

25.1 trillion cu m of exploitable shale gas resources could meet country’s gas demands for 200 years

Global energy giant Royal Dutch Shell Plc is eager to participate in China’s unconventional gas exploitation projects, especially shale gas, Lim Haw-kuang, executive chairman of Shell China Group, said on Tuesday in Shanghai.

“I am anxiously waiting for the second shale gas tender,” he said, adding that Shell is willing to cooperate with the Chinese companies that win the tender. read more

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Shell Oil Co. gave Gov. Tom Corbett $50,000

Gas industry contributions to Pa. politicians down

July 13, 2012 11:50 AM PITTSBURGH — The gas drilling industry gave less money to Pennsylvania politicians in 2011, but it spent more on lobbyists.

Politicians received $560,800 from the industry in 2011, down from $1.6 million in 2010, Pennsylvania Common Cause said in a news release Thursday. But gas industry lobbying expendtitures rose from $4 million to $5 million during the same period.

Shell Oil Co. gave Gov. Tom Corbett $50,000 in February 2011 — just a few months before the company announced that it was considering building a huge new petrochemical plant in the region. Exxon Mobil Corp. also gave Corbett $10,000 in December.

The data also showed that at the beginning of 2011, Shell began spending about $92,000 each quarter on lobbyists. read more

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World’s Largest Shale Gas Discovery

FROM A REGULAR CONTRIBUTOR

John,

This is news about the newest shale gas discovery in Canada. Apache just announced this shale gas discovery. It is perhaps the largest shale gas discovery ever. Canadian gas reserves are expanding at a tremendous rate. Canada provides the US with 90% of its imported natural gas. This discovery will almost double Canada’s proven natural gas reserves.
 
Apache finds massive Canadian shale-gas field‎
(Reuters)

Apache Corp Make the World’s Largest Shale Gas Discovery in British Columbia (OilPrice.com) read more

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Proposed tax break for Shell gas ‘cracker’ plant draws debate

By Robert Swift (Harrisburg Bureau Chief) Published: June 11, 2012

HARRISBURG – A new proposal by Gov. Tom Corbett to give a long-term $1.7 billion state tax break for a planned Marcellus Shale gas petrochemical refinery in southwestern Pennsylvania is a late-emerging issue in the state budget debate.

The tax credit proposal for a $4 billion Shell Oil Co. plant came to light just as Corbett started negotiations last week with Republican legislative leaders over the final shape of the $27 billion state budget for fiscal 2012-13.

Lawmakers are pressing for more details about the proposal while at least two policy groups have criticized it as a corporate giveaway during a time when state aid to schools and human services is being cut. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

Shell is changing the energy game — and in a big way

  Jun 8, 2012 – 3:07 PM ET

This week, Royal Dutch Shell PLC began rolling out a strategy that will dramatically change the energy world.

With revenues larger than the economies of Alberta, Saskatchewan and British Columbia combined, Shell is betting big on natural gas to replace oil as the world’s foremost transportation fuel.

This is the game-changer.

It was only a handful of years ago when small independent oil companies proved that a technology called fracking worked and was able to blow up deep shale rocks to release natural gas. They sold out to majors who, in turn, sold reserves to super-majors like Shell that have fuel refining and retailing expertise and operations. read more

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Exxon, Shell See U.S.-Led Gas Boom Boosting Worldwide Growth

By Dinakar Sethuraman, Rakteem Katakey and Yee Kai Pin on June 05, 2012

Exxon Mobil Corp. (XOM) (XOM), the world’s biggest energy company, and Royal Dutch Shell Plc (RDSA) said a U.S.- led transformation of the natural-gas market will boost the global economy even as oil becomes more expensive.

“Natural gas is quickly becoming a key enabler of economic growth and environmental progress around the world,” Rex W. Tillerson, chief executive officer of Exxon, said at a conference today in Kuala Lumpur. “We are living at a historic moment in the evolution of energy markets. How we respond will shape the quality of life for generations to come.” read more

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Shell CEO Sees No Urgency to Sell $6 Billion Woodside Stake

By James Paton on June 05, 2012

Royal Dutch Shell (RDSA) Plc, Europe’s largest oil company, sees no urgency over what to do with its $6 billion stake in Australia’s Woodside Petroleum Ltd. (WPL), Chief Executive Officer Peter Voser said today.

“We are under no urgency or pressure to do anything,” Voser told reporters today in Kuala Lumpur, where he’s attending an industry conference. “Woodside has an interesting growth model in terms of projects and has strategic value.”

Woodside, Australia’s second-largest oil and gas producer, has slumped in Sydney trading since The Hague-based Shell sold 10 percent of the company at A$42.23 a share in November 2010. Shell still owns 23 percent of the Perth-based company, valued at A$6.1 billion ($6 billion) today. Woodside rose 4 percent today to A$32.10 at 2:24 p.m. in Sydney. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

China Shale Drilling Results Are Encouraging

June 4, 2012

By GURDEEP SINGH

KUALA LUMPUR—European oil major Royal Dutch Shell RDSA +0.29% PLC said Tuesday that its early drilling results for shale gas in China are encouraging and it now expects to make its development in the country a profitable proposition.

Shell signed the first production-sharing contract to explore, develop and produce shale gas in China in March, a move that fits in with China’s overall strategy to bring technical and operational know-how to the development of its untapped reserves of the unconventional fuel. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

US natural gas prices to soar, says Shell

FINANCIAL TIMES

May 19, 2012

Royal Dutch Shell said it expects US natural gas prices, which have been pushed to 10-year lows by the shale gas boom, to double by 2015 on the back of growing US domestic demand for the fuel.

In an interview, Shell chief executive Peter Voser said…

FULL ARTICLE (FT SUBSCRIPTION REQUIRED)

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Shell: Liquid Shales Could Have Big Impact On Energy Mix

May 17,2012

LONDON -(Dow Jones)- Shale rock formations that contain liquid hydrocarbons as well as natural gas could have a ” significant” impact on world energy supplies but it is too early to say for sure, a senior Royal Dutch Shell PLC (RDSB) executive said Thursday.

“It is too early to predict the impact if liquid rich shales. It could be significant,” said Ruth Cairnie, Shell executive vice president for strategy and planning. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

China posed for more investment in shale?

BEIJING, May 1 (UPI) — China invested $222 million in its shale gas sector last year, a government official said.

Yet China’s investment in shale gas exploration and development is “very small” in proportion to the country’s overall oil and natural gas exploration and development, which totaled more than $9.5 billion last year, Wang Min, vice minister of China’s Ministry of Land and Resources said in a ministry report.

“Further measures and investment are needed [for shale gas],” he said. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

Chinese Whispers about the death of a Hakluyt agent

The fact that Mr Heywood worked for Hakluyt (the corporate intelligence firm closely linked with Shell), is said to be seen by some as a clue to his untimely death. Titled Shell directors were the ultimate spymasters and major shareholders in Hakluyt.

EMAIL SENT BY JOHN DONOVAN TO MR MICHIEL BRANDJES, COMPANY SECRETARY & GENERAL COUNSEL CORPORATE, ROYAL DUTCH SHELL PLC. POSTED AS AN ARTICLE

Dear Mr Brandjes

I am sure you will be aware of the recent articles concerning sinister events in China.

Today, BBC News published an article: China arrests over coup rumours

Almost all of the articles contain a reference to Mr Neil Heywood, the 41 year old Englishmen found dead in mysterious circumstances at a hotel in the Chinese city, Chongqing.

The Telegraph published a related article earlier today under the headline: ‘I think Neil Heywood was killed… everyone’s scared’. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com
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