Nigeria will receive more than $22 billion in revenue from the Gbaran/Ubie integrated oil and gas project, which is being developed by Shell Petroleum Development Co. in the country's southeast Bayelsa state, when it is completed, a Shell spokesman said Monday.
August 4th, 2008:
Nigeria Get $22 Billion From Gbaran/Ubie Oil, Gas Project – Shell
Shell evacuating 40 offshore workers due to storm
NEW YORK, Aug 4 (Reuters) - Shell Oil (RDSa.L: Quote, Profile, Research, Stock Buzz) said on Monday it would begin evacuating 40 workers from oil facilities in the Gulf of Mexico as a precaution due to the effects of Tropical Storm Edouard.
Sibir says in talks with Shell over Russian deal
At the weekend, the Sunday Times newspaper reported that Shell and Sibir, partners in Siberia-based Salym Petroleum Development (SPD), were discussing a deal in which Shell would swap its stake in the SPD for an equity holding in Sibir itself.
Natural-Gas Prices May Fall Next Year On Supply Surge
"There is a huge bubble of LNG about to hit the market," said Waterborne President Steven Johnson.
Shell Developing Cutting-Edge Green Technologies
Shell is also developing a number of alternative energy sources, and is the largest distributor of bio-fuels and one of the biggest investors in wind energy, investing in new technology such as second generation biofuels, thin film solar and hydrogen.
Shell gas protest costs 11m in garda overtime
Justice Minister Dermot Ahern is now considering asking Shell to help foot the 11m bill, which could see a bitter legal wrangle take place -- the company has a right to a reasonable expectation of a safe and secure working environment for its employees in Mayo.
Shell in talks with Sibir on swap deal
Two years ago, the company was forced to surrender control of the huge Sakhalin-II oil field to Gazprom in what was seen as part of a wider move by the Kremlin to renationalise its resource assets.
Shell courts Russia with asset swap plan
Shell declined to comment, but a spokesman said the company had "learned our lesson in Russia" after the forced sale of half its stake in the $22bn Sakhalin-II oil and liquefied natural gas field, off Russia's east coast, in 2006 to state-owned Gazprom.