Royal Dutch Shell Group .com Rotating Header Image

Posts Tagged ‘Gazprom’

U.S. issues sanctions warnings for firms invested in Nord Stream pipeline

|By: , SA News Editor

  • The U.S. warns Western companies invested in Russia’s Nord Stream 2 natural gas pipeline to Germany that they are at risk of sanctions.
  • The $11B project, led by Gazprom (OTCPK:OGZPY), would double capacity of the existing Nord Stream 1 pipeline under the Baltic Sea to Germany, bypassing traditional routes through Ukraine.
  • Pres. Trump sharply criticized Germany yesterday for being a “captive” of Russia because of its support for the pipeline.
  • A German business group says it is not up to the U.S. to dictate how German companies do business, that the country’s energy partnership with Russia had spanned decades with mutual benefits, and that gas imports from Russia are a competitively priced and reliable energy source.
  • Germany’s Uniper (OTC:UNPRF) and BASF’s (OTCQX:BASFY) Wintershall are among western partners involved in the project, as well as Royal Dutch Shell (RDS.A, RDS.B), Engie (OTCPK:ENGIY) and OMV (OTCPK:OMVJF).
  • Now read: Gazprom: From Russia With Love
  • read more

    royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

    The Pipeline Trump Says Risks Making Germany ‘a Captive of Russia’

    By Elena Mazneva and Laurence Arnold: 11 July 2018

    A planned natural-gas pipeline, Nord Stream 2, is the latest point of friction between U.S. President Donald Trump and German Chancellor Angela Merkel. At a summit meeting of North Atlantic Treaty Organization members, Trump said the pipeline risks making Germany “a captive of Russia.” He’s not the first American leader to criticize the pipeline project, and the U.S. isn’t alone in its disapproval.

    1. What is Nord Stream 2?

    It’s a planned new 1,230 kilometer (764-mile) undersea pipeline that will carry natural gas from fields in Russia to the EU network at Germany’s Baltic coast. It will double the capacity of an existing undersea route and cut Russia’s reliance on gas transit through Ukraine. (Russia has been locked in conflict with Ukraine since 2014, when a pro-Russian president there was forced from power and Russia seized the country’s Crimean Peninsula.) Russia’s Gazprom PJSC is overseeing the project with funding from five investors including Royal Dutch Shell Plc and Engie SA, which are providing half of the 9.5 billion-euro ($10.3 billion) in cost. read more

    royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

    U.S. sanctions will not affect Nord Stream 2, German ministry says

    |By: , SA News Editor

  • Germany has been assured by the U.S. that any sanctions imposed on Russia will not affect construction of the Nord Stream 2 gas pipeline to bring Russian gas to Europe, says a spokesperson for Germany’s economy ministry.
  • The U.S. embassy in Berlin says there has been no change in policy, Reuters reports.
  • The Nord Stream 2 consortium, consisting of Russia’s Gazprom (OTCPK:OGZPY) and five European companies – Royal Dutch Shell (RDS.A, RDS.B), BASF’s (OTCQX:BASFY) Wintershall, Engie (OTCPK:ENGIY), OMV (OTCPK:OMVJF) and Uniper (OTC:UNPPY) – last month started preparatory work in the Greifswald bay off Germany’s Baltic coast on a new twin pipeline that will double Russia’s export capacity of 55B cm to Germany.
  • Separately, Gazprom CEO Alexei Miller says the company can set a new gas export record of nearly 200B cm this year, up nearly 3% Y/Y, breaking last year’s record volume of 194.4B cm of gas to Europe and Turkey.
  • read more

    royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

    The World’s Largest Oil & Gas Companies 2018: Royal Dutch Shell Surpasses Exxon As Top Dog

    ,

    Royal Dutch Shell took the top spot among oil and gas companies on the Forbes Global 2000’s list of the biggest and most powerful public companies, surpassing last year’s leader Exxon Mobil Corp.

    The Anglo-Dutch oil and gas giant ranked 11th among all companies on the list, up from 20th the previous year, mostly because of higher sales due to lofty commodity prices. Irving, Texas-based Exxon came in at 13th, the same as last year. read more

    royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

    Polish Foreign Ministry to Advise Germany Against Nord Stream 2 After Salisbury

    Sputniik International (Russian Publisher) 19 March 2018

    WARSAW (Sputnik) – Poland will try to convince Germany to reconsider the Nord Stream 2 pipeline in the wake of the nerve agent attack on former Russian intelligence officer Skripal in London, Polish Secretary of State for European Affairs Konrad Szymanski said Monday.

    “[Nord Stream 2] will surely be the most important issue of the talks, because after Salisbury we have a new situation. It is, beyond doubt, one of the aspects of Russian policy regarding Europe, not regarding the UK. And we should consider once again whether Russia is a trustworthy partner… Nord Stream 2 carries only negative consequences, but Germany is an independent state as much as Poland,” Szymanski told RMF FM radio. read more

    royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

    Gazprom and Shell review progress of joint LNG projects

    Published by Will Owen, Editorial Assistant Monday 19 March 2018

    Shell and Gazprom representatives have held a working meeting in St Petersburg to discuss the state and prospects of their strategic cooperation in the gas sector.

    Alexey Miller, Chairman of the Gazprom Management Committee, led the Gazprom delegation; and Maarten Wetselaar, Member of the Executive Committee of Royal Dutch Shell, and his associates represented Shell.

    During the meeting, particular attention was paid to joint efforts in the LNG industry, especially the construction of the third train of the LNG plant within the Sakhalin II project. read more

    royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

    Russian LNG Gas Reportedly Heads to UK Amid Record Cold Snap

    President Putin: Photo Credit: Kremlin.ru

    When cold weather strikes, Europe seems to come to an understanding that Russian energy deliveries to the continent carry a purely economic significance, not a political one.

    Deliveries of Russian liquefied natural gas (LNG) from Yamal in Siberia are set to arrive in the UK this week as the island nation struggles to dig out from Storm Emma, the Financial Times reported.

    The LNG will be delivered to the UK by Royal Dutch Shell, two sources familiar with the shipment have said. The gas will be picked up this weekend, and delivered to an LNG terminal in Milford Haven, Wales, where it will be regasified and pumped into the UK network by March 6. read more

    royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

    Kashagan output crosses 300,000 b/d, but ‘giant’ increases unlikely: Shell executive

    London (Platts)–23 Feb 2018 510 am EST/1010 GMT

    Kazakhstan’s giant Kashagan oil field is achieving new production highs every month and has done better than 300,000 b/d, but development beyond the current phase is likely to be about “discretionary step-ups” rather than giant steps, Shell country chair and vice president Olivier Lazare said Thursday.

    Speaking at the IP Week conference in London, Lazare declined to specify the current production level, saying there were still reliability issues with the first phase, which started producing in 2016 after more than $50 billion of investment and multiple delays, and has a target of 370,000 b/d. read more

    royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

    Gazprom and Shell Discuss LNG projects and Nord Stream 2

    A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Maarten Wetselaar, Member of the Executive Committee of Royal Dutch Shell, took place in St. Petersburg today.

    Posted by OilVoice Press – OilVoice: 22-Nov-2017

    The meeting addressed relevant aspects of strategic cooperation.

    Particular attention was paid to joint efforts in the liquefied natural gas (LNG) sector. The parties discussed the construction project for the third train of the LNG plant on Sakhalin Island and the progress of the Joint Study Framework Agreement for the Baltic LNG project.

    The meeting also focused on the Nord Stream 2 project.

    Background

    Royal Dutch Shell is a British-Dutch oil and gas holding company focused on hydrocarbon production, processing and marketing in over 90 countries worldwide. read more

    royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

    Gazprom and Shell confirm their interest in implementation of Baltic LNG project

    2017 October 5 15:37

    Gazprom and Shell have confirmed their interest in implementation of the Baltic LNG project, IAA PortNews correspondent cites Aleksandr Medvedev, Deputy Chairman of the Board, Gazprom, and Maarten Wetselaar, Integrated Gas and New Energies Director, Shell, as saying at the 7th St. Petersburg International Gas Forum (SPIGF-2017).

    “Baltic LNG project will develop and we are participating in it financially”, said Maarten Wetselaar.

    According to Shell, global LNG demand is 265 mln t per year and its growth prospects are good, particularly due to the markets of China, India and other Asian countries. read more

    royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

    Ukraine works to chart new energy strategy

    Ukraine works to chart new energy strategy

    Royal Dutch Shell at one point had a contract to explore what the Ukrainian government said was an area said to contain about 4 trillion cubic feet of shale natural gas.

    By Daniel J. Graeber

    Aug. 21 (UPI) — A Ukrainian government working to break out from under a Russian shadow said it’s developed a road map for a sustainable energy future.

    Ukrainian energy security issues pre-date the outbreak of conflict that reached its zenith when Russia annexed the Crimean Peninsula in 2014. Former Prime Minister Yulia Tymoshenko was sentenced to seven years in prison a few years before the conflict on charges she abused authority when she helped broker a 2009 natural gas deal with Russia’s Gazprom. She later faced a $2.4 million suit for mismanaging her country’s United Energy Systems in the 1990s. read more

    royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

    Russian pipeline projects likely to go ahead despite sanctions, analysts say

    Aug. 3, 2017 11:49 AM ET|By: , SA News Editor

    New U.S. sanctions will make it harder and more expensive for Russia to build the Nord Stream 2 and TurkStream gas export pipelines to Europe, but analysts say the two Gazprom-led (OTCPK:OGZPY) projects are unlikely to be stopped.

    But the sanctions bill, which had the overwhelming support of the U.S. Congress before it was signed by Pres. Trump, throws into doubt the €4.75B pledged by European companies including Royal Dutch Shell (RDS.A, RDS.B), Engie (OTCPK:ENGIY) and OMV (OTCPK:OMVJF) to help fund Nord Stream 2 and could threaten other projects. read more

    royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

    Oil majors among top contributors to greenhouse emissions, report says

    by

    More than half of global industrial emissions can be traced back to just 25 corporate and state producing entities, the report says.

    China, India and Russia’s coal industries and major oil and gas players like Saudi Aramco, Gazprom, ExxonMobil, BP and Shell are among those named in the paper from CDP, formerly the Carbon Disclosure Project.

    The research found that 100 active fossil fuel producers were linked to 71% of global industrial greenhouse gases since 1988. read more

    royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

    Gazprom Neft and Shell

    1 june 2017

    Gazprom Neft and Shell have used the occasion of this year’s St Petersburg International Economic Forum to sign a Memorandum of Understanding. Vadim Yakovlev, First Deputy CEO, Gazprom Neft, and Olivier Lazar, Country Chair, Shell Russia, have both put their signatures to a document confirming both companies’ intention of promoting further cooperation.

    Both sides have confirmed their intention of continuing negotiations on the Khanty-Mansiysky Oil and Gas Union’s provisional assessment of a range of non-shale oil deposits in Eastern Siberia, including the Achimovsky deposits in the Yamalo-Nenets Autonomous Okrug. In addition to this, Gazprom Neft and Shell have committed to undertake geological prospecting of license blocks in the Khanty-Mansiysk Autonomous Okrug, adjoining licence blocks owned by Salym Petroleum Development N.V.,* through that enterprise. read more

    royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

    Gazprom and Shell discuss joint prospects under Agreement of Strategic Cooperation

    Royal Dutch Shell is a British-Dutch oil and gas company focused on hydrocarbon production, processing and marketing in over 90 countries worldwide.

    Gazprom and Shell are jointly engaged in the Sakhalin II project, which includes Russia’s only active LNG plant. The Sakhalin II operator is Sakhalin Energy Investment Company Ltd. (Gazprom – 50 per cent plus one share, Shell – 27.5 per cent minus one share, Mitsui – 12.5 per cent, and Mitsubishi – 10 per cent). In 2015, Gazprom and Shell signed the Memorandum to construct the third production train of the LNG plant, as well as the Agreement of Strategic Cooperation providing for the expansion of the companies’ joint project portfolio, including a potential asset swap. read more

    royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

    Royal Dutch Shell & Others Sign Financing Deals For Gazprom’s Nord Stream 2 Project

    April 24, 2017, 11:49:10 AM EDT By MT Newswires

    American depository shares of Royal Dutch Shell (RDS.A, RDS.B) were up nearly 2% Monday after the oil major said it and four European energy firms signed financing agreements for Gazprom’s proposed Nord Stream 2 pipeline project. Shell said each of the five energy companies has committed to provide financing and guarantees for up to 10% of the total cost of the Nord Stream 2 project, which is currently estimated at EUR9.5 billion ($10.3 billion). read more

    royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

    Gazprom and Shell Reaffirm Strategic Cooperation

    screen-shot-2016-10-06-at-13-06-15

    By MarEx 2016-10-05 19:55:14

    Alexey Miller, Chairman of the Gazprom Management Committee, and Ben van Beurden, Chief Executive Officer of Shell, discussed developments in their strategic cooperation, signed in 2015, this week at the sixth St. Petersburg International Gas Forum.

    The parties discussed a wide range of issues related to the development of strategic partnership in the energy sector, paying particular attention to the construction project for the third production train of the LNG plant on Sakhalin Island (Sakhalin II project). It was noted that the preparation of design and FEED documentation is nearing completion. read more

    royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

    Russia’s Gazprom plans to launch third LNG train at Sakhalin-2 in 2021

    Screen Shot 2016-08-04 at 09.29.49

    screen-shot-2016-09-28-at-11-44-04Russia’s Gazprom plans to launch third LNG train at Sakhalin-2 in 2021

    By Katya Golubkova | YUZHNO-SAKHALINSK/PRIGORODNOYE, RUSSIA: Thu Sep 29, 2016 | 2:25am EDT

    Gazprom said on Thursday it plans to launch a third liquefied natural gas (LNG) production train at the Sakhalin-2 LNG plant in 2021, possibly fed by a newly drilled field, as Russian companies seek to boost their share of the global LNG market.

    Russia accounts for less than 5 percent of the global LNG market but new plants are being built or considered by Novatek, Gazprom and Rosneft.

    Located at Prigorodnoye on Sakhalin island, Sakhalin-2, Russia’s sole LNG plant, operates two production lines with a combined capacity of 10 million tonnes of LNG per year. The third train should add another 5 million tonnes. read more

    royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

    Gazprom and Shell committed to broader cooperation in LNG sector

    Screen Shot 2016-06-17 at 08.01.46

    Gazprom and Shell committed to broader cooperation in LNG sector

    Screen Shot 2016-06-14 at 16.44.45

    Greenpeace image relating to Shell/Russia Arctic Drilling Plans

    June 16, 2016, 17:30

    A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Ben van Beurden, Chief Executive Officer of Shell, took place today at the St. Petersburg International Economic Forum 2016.

    The parties discussed the progress of and prospects for strategic cooperation in the LNG sector, paying particular attention to the construction project for the third production train of the LNG plant on Sakhalin Island (Sakhalin II project). Design and FEED documentation are currently being prepared for the new production train. read more

    royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

    Western leaders, CEOs visit Russia amid sanctions fatigue

    Screen Shot 2016-06-16 at 22.42.54

    Shell CEO Ben van Beurden bows to President Putin of Russia.

    NATALIYA VASILYEVA, ASSOCIATED PRESS: June 15, 2016 Updated: June 16, 2016 1:29pm

    Following a meeting with Putin, Royal Dutch Shell’s CEO Ben van Beurden and state-owned gas giant Gazprom announced plans to build an LNG plant in Russia together. France’s Total is working with Russia’s largely private gas producer on a liquefied natural gas project.

    The fact that the CEOs of top American companies have in a sense defied their government shows that they put their business interests before any political considerations, analysts say. read more

    royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

    Gazprom, Shell to invest $13 bln in projects in Russia – Russian Energy Minister

    Screen Shot 2016-06-16 at 18.30.18

    Screen Shot 2016-06-16 at 16.59.26

    Shell CEO Ben van Beurden bows to Russian President Putin at the Kremlin: April 2014

    Thu Jun 16, 2016

    ST PETERSBURG, Russia, June 16 (Reuters) – Energy major Shell and Russia’s gas major Gazprom will jointly invest $13 billion in three projects in Russia, Russian Energy Minister Alexander Novak said on Thursday.

    Novak said that Shell would take part in the development of Gazprom’s Yuzhno-Kirinskoye gas field offshore Russia’s Sakhalin island in the Pacific.

    The two companies will also jointly invest in the Baltic Sea Liquefied Natural Gas plant and in the Sakhalin-2 LNG plant expansion. read more

    royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

    Gazprom, Shell sign memo on Baltic LNG project

    Screen Shot 2016-06-16 at 17.02.29

    Screen Shot 2016-06-16 at 16.59.26

    Shell CEO Ben van Beurden bows to President Putin

    Thu Jun 16, 2016 8:11am EDT

    Gazprom and Shell signed on Thursday a memorandum of understanding on construction of a liquefied natural gas (LNG) plant on the Russian coast of the Baltic Sea.

    The memorandum says the companies will look into possibilities of building the LNG plant in the port of Ust-Luga with an annual capacity of 10 million tonnes.

    Gazprom and Shell are already partners in Russia’s only LNG plant on the Pacific island of Sakhalin which has a capacity of 10 million tonnes per year. read more

    royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

    Shell & Gazprom agree Baltic LNG project

    Screen Shot 2016-06-16 at 16.44.57

    Screen Shot 2016-05-21 at 10.18.2816 June 2016 

    Russia’s Gazprom and Anglo-Dutch energy major Shell have inked a letter of understanding to begin a liquefied natural gas project at the Russian port of Ust-Luga on the Baltic Sea.

    CEOs Aleksey Miller and Ben van Beurden signed the agreement at the 20th International Economic Forum in St. Petersburg.

    The project aims to diversify Gazprom’s LNG sales operations and to boost its LNG portfolio.

    The enterprise will reportedly include a two-train LNG plant as well as a pipeline connected to the Gazprom network. The Baltic LNG Plant will have a capacity of about 10 million tons of gas annually with an option to expand to 15 million tons. The new plant will start operating in December 2021. read more

    royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

    Russia’s Gazprom, Shell to sign deal on Baltic LNG project – Kremlin

    Screen Shot 2016-05-26 at 09.26.29

    Screen Shot 2016-06-14 at 16.41.35

    Screen Shot 2016-06-14 at 16.44.45Tue Jun 14, 2016 1:32pm GMT

    MOSCOW, June 14 (Reuters) – Russian gas giant Gazprom and oil major Shell will sign a deal on a planned Baltic liquefied natural gas (LNG) project on the sidelines of a forum in St. Petersburg later this week, Kremlin aide Yuri Ushakov told reporters on Tuesday.

    He said the deal will be signed in the presence of Russian President Vladimir Putin, who will meet Shell’s Chief Executive Ben van Beurden at the forum.

    Gazprom plans to build the plant, which may produce up to 20 million tonnes of LNG per year, by December 2021. read more

    royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

    Dutch Take On Gazprom in Battle Over Europe’s Oil-Linked Gas

    Screen Shot 2016-05-06 at 17.14.03

    Screen Shot 2016-05-18 at 19.19.45

    Screen Shot 2016-05-13 at 10.52.28The legal action coincides with government curbs on output after earthquakes in the Netherlands…

    By Kelly Gilblom: May 18, 2016

    In its new role as a natural gas importer, the Netherlands wants to make sure it doesn’t overpay.

    GasTerra BV, the nation’s biggest buyer and seller of gas, initiated arbitration against Gazprom PJSC’s export unit, the Russian company said Monday. It is seeking a price review for fuel purchased from Europe’s largest supplier under a long-term contract linked to oil, which has rallied this year as the price on gas hubs extended declines.

    Screen Shot 2016-05-18 at 19.23.54

    The legal action coincides with government curbs on output after earthquakes in the Netherlands, home to the European Union’s largest gas field, which turned it into a net importer of the fuel. Utilities from Germany’s RWE AG to Turkey’s Botas Boru Hatlari Ile Petrol Tasima AS filed arbitration claims against Gazprom PJSC’s export unit after market prices fell below contract rates, with EON SE and Engie SA settling cases with Europe’s biggest gas supplier this year. read more

    royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

    Shell, Gazprom’s Russian LNG Venture Readying Export Boost Plans

    Screen Shot 2015-12-18 at 08.06.34

    Screen Shot 2015-12-18 at 08.13.03By Stephen Stapczynski and Ichiro Suzuki: Bloomberg.com: Dec 18, 2015

    Sakhalin Energy Investment Co., the only liquefied natural gas exporter in Russia, has agreed to begin design work on an expansion, the joint venture said Friday.

    The partners — Gazprom PJSC, Royal Dutch Shell Plc, Mitsui & Co. and Mitsubishi Corp. — will add a third production unit at the Sakhalin-2 LNG export terminal to raise capacity by 4.8 million metric tons to 14.4 million metric tons a year, Miyuki Shiga, a Mitsui spokeswoman, said by phone. The design process will take about a year and the first cargo from the new unit is expected to ship early next decade, Shiga said. read more

    royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

    Shell seeks permission for Russian JV

    Screen Shot 2015-11-12 at 16.23.20

    Screen Shot 2015-11-12 at 16.28.17

    Shell has asked regulators for permission to work with Gazprom Neft on a joint venture, Khanty-Mansi Oil and Gas Union, despite the continuing EU and United States sanctions against Russia.

    ACCESS TO FULL ARTICLE SUBJECT TO SUBSCRIPTION

    royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

    Sanctions do not exclude investment opportunities in Russia – Shell

    Screen Shot 2015-10-06 at 16.44.43

    Screen Shot 2015-10-06 at 16.55.21

    Screen Shot 2015-10-06 at 16.54.24

    Neil Hall / Reuters: 6 Oct 2015

    Royal Dutch Shell’s business ties remain strong in Russia and there’s no lack of investment opportunities in the country despite sanctions, said Shell CEO Ben Van Beurden.

    “Our interests in Russia stay significant… Sanctions do not mean absence of investment opportunities. We have a very effective and strategic cooperation with Gazprom in different areas… This is still in power. I want to stress that sanctions don’t mean lack of investment opportunities,” he told the Oil & Money conference on Tuesday. read more

    royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

    Here’s How Royal Dutch Shell plc And BP plc Will Be Impacted By A Weak Chinese Economy

    Screen Shot 2015-09-25 at 22.42.43

    Screen Shot 2015-09-25 at 22.43.53

    Bidness Etc discusses how European oil majors are impacted by the slowdown in the Chinese economy

    Screen Shot 2015-09-25 at 22.48.19

    By: Micheal KaufmanSep 25, 2015

    The slowing Chinese economy has impacted the overall world economy and various other sectors. According to a Moody’s Investor service report EMEA (Europe, Middle East, and Africa)’s mining sector is totally exposed to the economic crisis, followed by the oil and gas sector. Shipping, chemicals, and auto sector are considerably impacted while some other EMEA sectors including tobacco, telecoms, real estate, healthcare, and railways will be marginally impacted, since they are more regionally focused and their credit worthiness is not genuinely exposed. read more

    royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

    Move Over Exxon, Russian Drillers Are Oil World’s Top Performers

    Screen Shot 2015-09-08 at 08.59.45

    By Stephen Bierman and Rakteem Katakey: Sept 8, 2015

    Screen Shot 2015-09-08 at 09.05.32

    At a time when the collapse in crude prices pushes Russia’s economy into a recession, the nation’s oil producers are managing to beat their western counterparts.

    On measures including cash flow, profit margins and share prices, OAO Rosneft, Lukoil PJSC — Russia’s two largest oil producers — and OAO Gazprom Neft are performing better than Royal Dutch Shell Plc, BP Plc or Exxon Mobil Corp.

    “When oil goes down, the western companies are hurt more than the Russian companies,” said Maxim Edelson, a senior director at Fitch Ratings in Moscow. Because Russian tax rates adjust automatically to lower prices the nation’s companies enjoy a buffer to the slump in crude while “a lot of the hit is taken by the government,” he said. read more

    royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

    Russia’s Gazprom, Shell start talks on Baltic LNG project – Interfax

    Screen Shot 2015-08-17 at 20.40.13

    Screen Shot 2015-09-07 at 16.34.47

    Screen Shot 2015-09-05 at 18.24.06Moscow| Mon Sep 7, 2015

    Russia’s Gazprom (GAZP.MM) and Royal Dutch Shell (RDSa.L) have started commercial talks on Baltic LNG project, Interfax news agency quoted Gazprom Chief Executive Alexei Miller as saying on Monday.

    The Russian gas producer plans to build a liquefied natural gas plant in the Baltic Sea port of Ust-Luga with an annual capacity of 10 million tonnes. It wants to increase output to 15 million tonnes a year later on.

    Russia’s Kommersant newspaper said in June that Gazprom may offer up to 49 percent in the project to a strategic partner, with most likely candidates being Shell or a consortium of Japanese firms. read more

    royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

    Gazprom and Shell Sign Shareholders’ Agreement on the Nord Stream 2 Project

    NewswireToday – /newswire/ – Moscow, Russia, 2015/09/04

    Screen Shot 2015-09-05 at 17.54.25

    Screen Shot 2015-09-05 at 18.24.06The Nord Stream 2 project envisages the construction of two offshore pipelines with the aggregate annual capacity of 55 billion cubic meters of gas to be constructed from Russia to Germany through the Baltic Sea.

    Today at the Eastern Economic Forum in Vladivostok, Alexey Miller, Chairman of the Gazprom Management Committee, Kurt Bock, Chairman of the Board of Executive Directors of BASF SE, Klaus Schäfer, Member of the Board of Management, E.ON SE, Pierre Chareyre, Executive vice-president of ENGIE, Rainer Seele, Chairman of the Executive Board of OMV and Ben van Beurden, Chief Executive Officer of Royal Dutch Shell signed a Shareholders’ Agreement on implementation of the Nord Stream 2 pipeline project to enhance supply of natural gas to the European Union’s market. The project will be developed by the new project company New European Pipeline AG. According to the document, Gazprom will own a 51 per cent share in the project company. E.ON, Shell, OMV and BASF/Wintershall will each own ten per cent and ENGIE will hold nine per cent. read more

    royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

    Gazprom Seals Two Big European Deals

    Screen Shot 2015-09-05 at 15.25.43

    Screen Shot 2015-09-05 at 15.26.30

    Screen Shot 2015-09-05 at 15.27.40

    Russia’s Gazprom has bolstered its industrial presence in the heart of Europe with two major gas deals that were announced on Friday despite ongoing tensions with Moscow over the conflict in eastern Ukraine.

    The first of the deals, an asset swap with German chemicals group BASF that gives Russia greater access to gas trading and storage in Germany, was a surprise as the companies had abandoned it only nine months ago, citing a “difficult political environment”.

    Pressed on what had changed since, BASF declined to respond directly. Its oil and gas production unit Wintershall, which will secure more stakes in Siberian gas fields under the swap, said only that it was convinced that Russian natural gas would help ensure energy security in Europe. read more

    royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

    U.S. Puts Russian Gas Field Off Limits as Sanctions Tighten

    Screen Shot 2015-08-08 at 23.04.25

    The U.S. declared one of Russia’s largest offshore oil and natural gas fields off limits to American tools and expertise, potentially disrupting Royal Dutch Shell Plc’s plans…

    SHELL CEO BEN VAN BEURDEN ON CNBC SEPT 2014

    SHELL CEO BEN VAN BEURDEN INTERVIEW ON CNBC SEPT 2014

    Stephen Bierman, Elena Mazneva and Joe CarrollL BLOOMBERG.COM: 7 AUGUST 2015

    The U.S. declared one of Russia’s largest offshore oil and natural gas fields off limits to American tools and expertise, potentially disrupting Royal Dutch Shell Plc’s plans to liquefy the fossil fuel for export.

    Sanctions imposed to punish Russian President Vladimir Putin’s regime for the annexation of Crimea and support for Ukrainian separatists were expanded to bar the transport of U.S.-made equipment to Gazprom PJSC’s Yuzhno-Kirinskoye field off Russia’s eastern coast, according to a U.S. Department of Commerce statement on Friday. read more

    royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

    Despite Western Sanctions Shell Agrees Asset Swop With Putin Regime

    Screen Shot 2015-08-07 at 13.22.52

    Screen Shot 2015-08-07 at 13.23.27

    Screen Shot 2015-08-07 at 13.13.29

    Shell Game: Anglo-Dutch Firm Deals

    Asset Swap, Shell Assets for Sakhalin III Piece

    By Kostis Geropoulos: 7 August 2015

    Despite Western sanctions against the Russian government and businesses, Europe’s biggest oil company Anglo-Dutch Shell has agreed to swap a stake in one of its international energy assets in exchange for a piece of Gazprom’s Sakhalin III project, which involves developing one of the world’s biggest gas reserves.

    The two are still deciding which asset to give the Russian gas monopoly, but the deal strengthens an already solid partnership between the two. read more

    royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

    August Off To A Shaky Start For Oil Markets

    Screen Shot 2015-08-04 at 22.37.59

    Screen Shot 2015-08-04 at 22.44.49

    Screen Shot 2015-01-12 at 08.45.23By Evan Kelly: Tue, 04 August 2015

    August started off on a dour note for crude oil, with prices tanking by around 5 percent on August 3. A slew of negative news from around the world weighed on prices. The Greek stock market plummeted on the first day of trading after being closed for five weeks. The Athens Index dropped by 16 percent on August 3 and continued its descent as of midday trading on August 4. Concerns over the Chinese economy once again reared their head as the government moved to put restrictions on short selling to stop the collapse of the stock markets. WTI fell below $46 per barrel and Brent briefly dipped below $50 per barrel before rebounding a bit on August 4. read more

    royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

    Shell to Strengthen Russian Hand Through Gazprom Asset Swap

    Screen Shot 2015-08-03 at 16.45.36

    Screen Shot 2015-06-18 at 22.09.48by Rakteem Katakey: August 3, 2015: BLOOMBERG.COM

    Royal Dutch Shell Plc will swap a stake in one of its international energy assets for part of Gazprom PJSC’s Sakhalin-3 project as Europe’s biggest oil company extends ties with Russia.

    The companies are discussing which asset would be offered to Gazprom, Shell Chief Executive Officer Ben Van Beurden said last week in London. For Shell, the prize is greater involvement in the world’s biggest gas reserves.

    “Russia sits on 25 percent of the world’s gas reserves and is very, very close to markets that we are very familiar with,” Van Beurden said July 30, on the sidelines of the company’s earnings presentation. Shell is also pushing “to see how we can work with Gazprom internationally.” read more

    royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

    Shell’s Positioning For Better Russia And Iran Relations Is Part Of Its Global Gas Strategy

    Screen Shot 2015-07-24 at 09.09.16

    Screen Shot 2015-07-24 at 09.10.10

    Screen Shot 2015-06-18 at 22.09.48Zoltan Ban: 23 July 2015

    Summary

    • Shell has been showing long-term interest in moving more towards natural gas for a while, with natural gas production surpassing its oil production in 2013.
    • Aside from its major acquisition of BG group, it is forming an alliance with Gazprom and is looking to be among the first in Iran.
    • The overall big picture suggests that Shell is giving up on North American shale gas and focusing on being a major player in conventional gas and LNG.

    Before Royal Dutch Shell (RDS.A, RDS.B) acquired BG Group, it was already a major player in the gas industry. Its upstream production has been more than half natural gas since 2013 already. It is constantly looking to expand its downstream presence, with plans such as the ethylene plant it wants to build in Pennsylvania, in order to take advantage of the cheap gas in the North-Eastern part of the United States. It also has a gas to liquids plant in Qatar, which is the world’s biggest. It should be no surprise then to see Shell actively involved in setting up a tighter partnership with both Russia and Iran. read more

    royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

    Investors Are Underestimating Royal Dutch Shell Plc’s Deal To Buy BG Group plc

    Screen Shot 2015-07-20 at 12.14.59

    Screen Shot 2015-07-20 at 12.23.00

    Screen Shot 2015-07-20 at 12.26.32

    By Rupert Hargreaves – Monday, 20 July, 2015

    Large-cap FTSE 100 blue chips like Royal Dutch Shell (LSE: RDSB) are considered to be relatively safe investments.

    Unfortunately, Shell has been trying to go against this belief over the past year. During the past 12 months Shell has taken on three high-risk projects, all of which could cripple the company if they don’t go to plan. 

    As a result, investors have turned their backs on the oil giant and Shell’s shares have underperformed the FTSE 100 by a staggering 25% over the past year.  read more

    royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

    Gazprom lays bare West’s vulnerability

    Screen Shot 2015-06-23 at 14.11.38

    Screen Shot 2015-06-23 at 14.12.25

    Royal-Dutch Shell is teaming up with Gazprom on several projects despite Western sanctions on Russia.

    Screen Shot 2015-06-18 at 22.09.48The expanded partnerships fly in the face of European and American sanctions which ban joint ventures with Russian energy companies.

    23 June 2015

    Europe’s efforts to reduce dependence on the Russian energy have been dealt a new blow after reports that the Anglo-Dutch energy behemoth Shell was teaming up with Gazprom on several projects. 

    Shell as well as Germany’s E.ON and Austria’s OMV Group signed a memorandum with Gazprom last week to build two new Nord Stream gas pipelines under the Baltic Sea to Germany. They hope to ship 55 billion cubic meters of gas to Europe each year. read more

    royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

    Gazprom-Shell Partnership Flies In The Face Of Sanctions

    Screen Shot 2015-06-18 at 09.23.43

    Screen Shot 2015-06-22 at 21.55.01

    Charles KennedyMon, 22 June 2015

    Russian energy giant Gazprom is building up a global portfolio with a western oil major.

    Gazprom and Royal Dutch Shell are teaming up on several energy projects that will benefit both. The two energy companies have agreed to build an expansion of the Nord Stream Pipeline, a major natural gas pipeline that travels beneath the Baltic Sea. The pipeline is a priority for Russia, which will allow it to expand its natural gas exports to Europe while also cutting out Ukraine from the mix.

    Gazprom, Shell, along with E.ON and OMV – two gas importers in Western Europe – have agreed to build the $11 billion expansion of Nord Stream. read more

    royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

    Are European Companies Ignoring E.U. Sanctions On Russia?

    Screen Shot 2015-06-22 at 08.07.50

    Screen Shot 2015-06-18 at 22.09.48Are European Companies Ignoring E.U. Sanctions On Russia?

    Kenneth Rapoza: 22 June 2015

    …some very powerful entities in the E.U. have had it with sanctions. For example, Gazprom, Shell, E.ON and Austria’s OMV Group signed a memorandum last Thursday…

    It’s been nearly a year since sectoral sanctions were slapped on Russia for its involvement in helping create a frozen conflict in Eastern Ukraine. European and American companies banned financing of Russian energy firms, and banks. They banned any joint venture deals with Russian oil and gas companies that involved exploration and production, or the selling of technologies used in E&P. But if a string of memorandum of understandings signed during last week’s St. Petersburg International Forum puts anything in the spotlight this week it is this: some very powerful entities in the E.U. have had it with sanctions. read more

    royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

    Gazprom set to build global strategic alliance with Shell

    Screen Shot 2015-06-20 at 08.39.07

    Screen Shot 2015-06-20 at 08.42.15

    Screen Shot 2015-06-20 at 08.43.43

    Screen Shot 2015-06-18 at 22.09.48A Gazprom logo is displayed above its headquarters in Moscow. Gazprom is building a global strategic alliance with energy major Royal Dutch Shell that will include asset swaps and allow the Russian gas giant to penetrate new markets.

    The deal with Shell is a coup for Gazprom at a time when many Western companies are reducing their exposure to Russia because of Western sanctions over Moscow’s actions in Ukraine.

    Reuters/St Petersburg, Russia

    Gazprom is building a global strategic alliance with energy major Royal Dutch Shell that will include asset swaps and allow the Russian gas giant to penetrate new markets, its chief executive told Reuters.

    Gazprom, the world’s top gas producer, said on Thursday that Shell and its long-time gas buyers in Europe – Germany’s E.ON and Austria’s OMV – had agreed to build two new Nord Stream gas pipelines under the Baltic sea to Germany. read more

    royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

    Exclusive – Gazprom building global alliance with expanded Shell

    Screen Shot 2015-06-18 at 22.09.48 Screen Shot 2015-05-23 at 08.00.10

    Exclusive – Gazprom building global alliance with expanded Shell

    The deal with Shell is a coup for Gazprom at a time when many Western companies are reducing their exposure to Russia because of Western sanctions over Moscow’s actions in Ukraine. Gazprom, which is under U.S. but not EU sanctions…

    Fri Jun 19, 2015

    Gazprom (GAZP.MM) is building a global strategic alliance with energy major Royal Dutch Shell (RDSa.L) that will include asset swaps and allow the Russian gas giant to penetrate new markets, its chief executive told Reuters.

    Gazprom, the world’s top gas producer, said on Thursday that Shell and its long-time gas buyers in Europe – Germany’s E.ON (EONGn.DE) and Austria’s OMV (OMVV.VI) – had agreed to build two new Nord Stream gas pipelines under the Baltic sea to Germany. read more

    royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

    Gazprom, Shell agree to expand Sakhalin-2 project

    Screen Shot 2015-05-23 at 08.00.10

    Screen Shot 2015-06-18 at 22.09.48Gazprom, Shell agree to expand Sakhalin-2 project

    Thu Jun 18, 2015

    (Reuters) – Russian gas producer Gazprom and Royal Dutch Shell have signed an agreement to expand the Sakhalin-2 LNG project, Gazprom said in a statement on Thursday.

    The Sakhalin-2 project, Russia’s sole LNG plant, has a current annual capacity of around 10 million tonnes. The third line would add another 5 million tonnes of liquefied natural gas a year.

    Officials from both companies signed the agreement at an economic forum in Russia’s second city of St Petersburg on Thursday, but gave no specific timing. read more

    royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

    Shell, Japan firms may get stake in Gazprom’s Baltic LNG: Report

    Screen Shot 2015-05-23 at 08.00.10

    Screen Shot 2015-06-11 at 19.31.15Shell, Japan firms may get stake in Gazprom’s Baltic LNG: Report

    By Reuters | 17 Jun, 2015

    MOSCOW:Russian gas company Gazprom may offer up to 49 percent in its Baltic LNG project to a strategic partner and the most likely candidates are Royal Dutch Shell or a consortium of Japanese firms, Russia’s Kommersant newspaper said on Wednesday.

    The agreement may be signed this week during an economic forum in Russia’s second city of St Petersburg, it reported, quoting sources in the gas industry.

    Gazprom was not available for immediate comment.

    The gas producer plans to build a liquefied natural gas plant in the Baltic sea port of Ust-Luga with an annual capacity of 10 million tonnes. It also wants to be able to increase output to 15 million tonnes a year. An Ust-Luga port official said on Tuesday the company may need around 1 trillion roubles ($18.50 billion) to build the plant. read more

    royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

    Shell Expects Russia’s Sakhalin-2 Project to be Expanded — CEO

    Screen Shot 2015-06-04 at 08.21.46

    Screen Shot 2015-06-04 at 08.25.39

    Shell Expects Russia’s Sakhalin-2 Project to be Expanded — CEO

    June 3, 2015

    Shell expects that the Sakhalin-2 project will be expanded, its CEO Ben van Beurden said Wednesday, writes TASS.

    “This is what we will be working at, we’re very interested in developing business in Russia,” he said, adding that he will be discussing the issues related to the company’s cooperation with Russia at a meeting with Energy Minister Alexander Novak.

    We’re committed to cooperation with Russia in the long-term and it’s important for us to continue dialogue with the Russian Government, he said. read more

    royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

    Shell drilling may spur Arctic resource race

    Screen Shot 2015-05-18 at 22.22.05

    Screen Shot 2015-05-19 at 18.39.24Colin Chilcoat, Oilprice.com: May 27, 2015

    In a few short months Shell will (re)enter the Chukchi Sea, between Alaska and Russia. The oil and gas major still awaits approval from a number of state and federal agencies, but in early May the company received the consent of the Obama administration to explore the remote Arctic sea 70 miles off the coast of Alaska.

    If it sounds familiar, that’s because it is. Shell was in the Chukchi and Beaufort Seas for much of 2012 – a stint that ended with more headaches than drilling. Following some high-profile failures with its Noble Discoverer and Kulluk rigs, Shell put its Arctic operations on pause in early 2013. Amid slumping profits, the group called off its 2014 plans to resume. Today, the economic indicators are not much better – Shell lost $1.1 billion in the Americas in the first quarter of 2015 – but the company is committed to moving forward. read more

    royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

    SAKHALIN2: How many billions of dollars did Shell lose in Russian annexation?

    Chris Finlayson representing Shell and Alexander Medvedev, Gazprom’s Vice Chairman

    By John Donovan

    Royal Dutch Shell executive Chris Finlayson held a leadership position in Shell’s Sakhalin II project in Russia from September 2005 to September 2009.

    The venture was described as “the Mother of all Projects” by the Financial Times.

    When Finlayson joined the Sakhalin II project, Shell was the controlling stakeholder in the venture.

    By the time he departed, Shell had lost its controlling stake and had become a junior partner in humiliating circumstances.

    The Putin government found out that Shell had hidden information from them in a high level cover-up. As a Russian government minister, Oleg Mitvol, confirmed to the news media at the time, and more recently in a GERMAN TV documentary segment broadcast across Europe, I supplied that crucial insider information to him. I did so before the real nature of Putin had become apparent.   read more

    royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

    Salym Shell development in Siberia

    Screen Shot 2015-01-06 at 21.26.38By Olga Ivshina, BBC News, Western Siberia, published 27 Nov 2014 under the headline:

    Russian oil industry facing deep freeze

    Without visiting a well in Western Siberia, you would never realise just how hard it is to extract oil in Russia.

    Two hours’ drive from the nearest village of Salym, the snow banks are huge and the closest airport is over 300km (185 miles) away.

    The temperature is down to -26C, but locals say winter temperatures normally drop to -40C, and Russia’s oil industry has more serious challenges than the cold.

    Oil prices are falling and the cost of extraction is rising as resources are becoming exhausted. And then there are the Western sanctions imposed on oil companies as a result of Russia’s actions in Ukraine. read more

    royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan
    %d bloggers like this: