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Posts on ‘January 7th, 2006’

Forbes/AFX News Limited: Shell restores exports after Nigerian pipeline blast:

Posted Sat 7 Jan 2006  
LAGOS (AFX) – Royal Dutch Shell has restored oil exports from its fields in southern Nigeria following a pipeline explosion which had initially cut production by 180,000 barrels per day, a statement said today.
The company said it had lifted its declaration of 'force majeure', an earlier warning to crude oil importers that it would not be able to honour its supply contracts following a dynamite attack on one of its main Niger Delta pipelines on Dec 20 which killed eight people.
The decision 'follows repairs to most of the facilities which were affected in the explosion and an adjustment to internal crude oil supply arrangements,' Shell's statement said.
Shell had progressively increased production and exports from its Bonny Island terminal since the incident and said last week that it was still losing some 15,000 barrels a day.
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Deepika (India): Shell approached on stake in Indian LNG terminal

Deepika (India): Shell approached on stake in Indian LNG terminal: Posted Saturday 7 January 2006
LONDON, Jan 6 (Reuters) Oil major Royal Dutch Shell Plc has been approached by parties interested in taking a stake in its Hazira liquefied natural gas import terminal in India. ''We have been approached by interested parties,'' a Shell spokesman said but refused to say if talks were ongoing.
The Hazira terminal started operating last year and was designed to import 5 million tonnes of liquefied natural gas per year.
Industry sources said it was operating significantly below full capacity because Indian gas price controls meant it was hard to find buyers of gas at international market rates.
However, Shell said it remained committed to the project.
''We remain confident in the long-term strategic value of Hazira and expect to remain the majority shareholder but as with all investments we consider the possibility of new partners if they can add strategic value.'' read more

royaldutchshellplc.com and its 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.

Deepika (India): Shell approached on stake in Indian LNG terminal

Deepika (India): Shell approached on stake in Indian LNG terminal: Posted Saturday 7 January 2006
LONDON, Jan 6 (Reuters) Oil major Royal Dutch Shell Plc has been approached by parties interested in taking a stake in its Hazira liquefied natural gas import terminal in India.
''We have been approached by interested parties,'' a Shell spokesman said but refused to say if talks were ongoing.
The Hazira terminal started operating last year and was designed to import 5 million tonnes of liquefied natural gas per year.
Industry sources said it was operating significantly below full capacity because Indian gas price controls meant it was hard to find buyers of gas at international market rates.
However, Shell said it remained committed to the project.
''We remain confident in the long-term strategic value of Hazira and expect to remain the majority shareholder but as with all investments we consider the possibility of new partners if they can add strategic value.'' read more

royaldutchshellplc.com and its 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.

UPI Energy Watch: Shell's delays cost it $130M

Posted Saturday 7 January 2006
By ANDREA R. MIHAILESCU
UPI Energy Correspondent
EXTRACT FROM ARTICLE
Shell's delays cost it $130M
Shell recently paid Iran $130 million in compensation for project delays in development and repair costs at the Sorush and Noruz oil fields, according to local reports.
Damages resulted from Shell's delays in developing the projects, Project Manager Mehdi Atrianfar was quoted as saying Sunday. He said costs are expected to increase further.
Shell had recurring delays during the project's implementation.
The British-Dutch venture also admitted last summer that its cost overruns at its liquefied natural gas project in Eastern Siberia at Sakhalin-2 doubled to $20 billion, with construction delays. Shell blamed increased project costs and the time delay due to the need to cover the rising price of raw materials, especially metals, higher contractor prices and the ruble's strengthening against the dollar.
Shell faced project delays in a number of other projects this year, including its Nigerian LNG project where cost overruns could reach over $1 billion.
Serious cost overruns may have led Shell to be excluded from a few multi-billion dollar projects.
Industry experts told United Press International during the unveiling of shortlist for the giant Gazprom gas field Shtokman that Gazprom's decision not to include Shell might have been attributed to the difficulties Shell encountered in implementing the Sakhalin-2 project.
(Please send comments to [email protected])
http://www.upi.com/InternationalIntelligence/view.php?StoryID=20051213-030018-3500r
RELATED STORY: http://www.redorbit.com/news/display/?id=327829 read more

royaldutchshellplc.com and its 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.

ShellNews.net: Shell Malaysia Chairman’s new job

Saturday 7 January 2006  
By Alfred Donovan
Based on Shell insider information we recently forecast the departure of Jon Chadwick from his position as Chairman of Shell Malaysia. This was followed within 48 hours by an official announcement by Shell.
The latest insider news is that Chadwick will take over the job as GPA (head of Gas & Power Asia). What has been described as a “very big and important job located in Singapore”.
This news confirms once again that hard-hearted unprincipled senior Shell managers/directors are well rewarded for their efforts.  
Several hundred former Shell employees could testify to the ruthless nature of Shell Malaysia management during the tenure of Datuk Jon Chadwick.
ARTICLE ENDS
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royaldutchshellplc.com and its 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.

Malaysia Star: Malaysian to be new chairman of Shell

Posted Saturday 7 January 2006
SHELL Malaysia has appointed a Malaysian, Saw Choo Boon, as chairman from March 1. He will take over from Datuk Jon Chadwick, who will be moving to another senior Shell position in Asia.
Saw would be the third Malaysian to serve as chairman of Shell Malaysia, a statement from the company said yesterday.
He is currently vice-president of Shell Global Marine. It is understood that at Global Marine, he is involved in the management of transport and logistics services for the global Shell group. He is based in Kuala Lumpur in that position.
After taking over as chairman, Saw will head Shell's entire operations in the country, from exploration to production through to marketing.
It is understood that he won't, in the meantime, be chairman of Shell Refining Company Bhd. If he is to be also appointed to that position, it needs to be approved at an AGM because Shell Refining is a publicly listed company.
It is perhaps for this reason that, according to the statement, Chadwick will retain some key roles in Malaysia in a personal capacity till the end of May. It is believed one of these roles will be his chairmanship of Shell Refining.
Shell Malaysia said that as chairman, Saw would lead the company's business council in shaping it for further growth in Malaysia, and maintaining and strengthening Shell's relationship with various stakeholders.
He will also retain his current downstream responsibilities, while serving as chairman on several boards of companies in which Shell has interests.
A Universiti Malaya graduate, Saw joined Shell in 1970 as a refinery technologist at Shell Refining. He has served in various capacities in manufacturing, supply, trading and planning in Malaysia, Singapore and the Netherlands.
Saw was appointed managing director of Shell MDS (M) Sdn Bhd in 1996 and two years later, as managing director of oil products (downstream) of Shell Malaysia.
In 1999, he became vice-president for commercial business in the Asia-Pacific with the globalisation of Shell's oil products business. He was made president of Shell Oil Products East in 2004.  
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royaldutchshellplc.com and its 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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