The unusual move reflects Shells reliance on Nigeria, its largest source of oil and gas after the US. In 2007 Nigeria provided more than a 10th of Shells global production of about 3.3m barrels of oil equivalent per day.
February, 2009:
Shell to lend Nigeria $3bn
Resource-holders still hold power
Royal Dutch Shell was forced to cede control of the Sakhalin II liquefied natural gas project in 2007 to the state-controlled Gazprom. Shell was stung by Russia's action, but in an interview on the island this week, its Chief Executive Officer Jeroen van der Veer said the company was willing to discuss more projects with the Russian gas monopoly and possibly with other national firms. "If you look at our history, we have many partnerships with NOCs, not only Gazprom," he said.
Shell denies involvement in Ogoni crisis
The statement, which is apparently a reaction to allegation by MOSOP linking the oil giant with sponsorship of crisis in the area, reads in part: SPDC Joint venture is not in any way involved or connected with the reported crisis in K-Dere or elsewhere in Ogoni land, and is not sponsoring any persons or group in any such conflict.
Port Harcourt Ranked Most Dangerous City In The World
The metal gates outside Shell's offices in the city are flanked by two sandbagged positions manned by guards with automatic weapons.
Sibir shares suspended after loan admission
Sibir has had great success in developing its Salym oil fields in western Siberia, a 50-50 joint venture with Royal Dutch Shell, which came on stream at the end of 2005. Last month, the field celebrated record production, with Sibir's share running at more than 80,000 barrels per day.
Dutch pensions to get more time on solvency-report
Royal Dutch Shell's (RDSa.L) pension fund also slipped into deficit after its value fell 40 percent, pushing its solvency ratio to 85 percent.
Mayo newspaper says contractors acting for Shell stole electricity
Who’s Been Stealing the Fishermen’s Electricity?
Those good folks at Shell have made great attempts at becoming good neighbours down Belmullet way. Splashing out on local grants to community groups, and scholarships for local students, the intention is to undue [sic] some of the damage that was done to their reputation during the lengthy Rossport 5 dispute, and prepare for the laying of a high-pressure gas pipeline later this year.
Local fishermen in the area weren’t too impressed to leam that someone had illegally tapped into an electricity supply at Ballyglass Pier, north of Belmullet. The electricity had been provided by Board lascaigh Mhara (BIM), the Irish Sea Fisheries Board so that a refrigerated container was on hand for fishing boats to keep their catch cool, until delivery could be organised.
They know what they have to do: launch the life rafts and get out
In July 2002, a Sikorsky S76 helicopter was ferrying personnel between a platform and a drilling rig, both owned by Shell, when it ditched about 25 miles north-east of Great Yarmouth, killing all 11 on board. In March 1991, six men were killed when a Sikorsky S61N struck a crane on a Shell oil platform and plunged into the sea 116 miles east of Lerwick in Shetland.
Business big shot: Frank Chapman
Mr Chapman, 55, looks well placed to see off Shell, his old employer, to win Pure Energy Arrow Energy, Shells Australian partner, is the rival bidder for Pure, a producer of coal seam gas.
Pure trumps latest offer from Australias Arrow Energy and its partner, Royal Dutch Shell.
BG Group: The London-listed oil and gas group saw its A$995 million (£445.7 million) offer for Pure Energy, the Australian coal-seam gas producer, gain board support. The recommendation from Pure trumps the latest offer from Australias Arrow Energy and its partner, Royal Dutch Shell.
Russia opens new energy supply front to Asia
The inauguration of the Sakhalin-2 project comes after years of delays and political wrangling over control of the venture in which Royal Dutch Shell was forced to sell control to Gazprom, Russias state-controlled gas monopoly, at the height of the Kremlins bid to reassert control over the energy sector in 2006.
BP Jumps Into Next-Generation Biofuels With Plans to Build Florida Refinery
BP is further along than its rivals in pursuing biofuels, but other large oil companies are paying attention. Exxon Mobil Corp. Chief Executive Rex Tillerson said in a speech this week that the company's executives have "turned our attention to next-generation biofuels" through in-house research. Royal Dutch Shell has taken small equity stakes in several fledgling biofuels companies.
Helicopter ditches in North Sea
All 18 people onboard a helicopter which ditched in the North Sea have survived and have been rescued from two liferafts, say coastguard.
Shell eyes more Russian projects with Gazprom
Shell’s Chief Executive Officer Jeroen van der Veer speaks during the presentation of Shell’s fourth-quarter and 2008 results in the Hague January 29, 2009. REUTERS/Robin van Lonkhuijsen/United Photos
Wed Feb 18, 2009 2:25pm EST
By Tanya Mosolova
YUZHNO-SAKHALINSK, Russia (Reuters) – Shell (RDSa.L) will discuss further cooperation with Gazprom on energy projects in Russia’s Far East, its chief executive said, reflecting industry hopes that lower oil prices will prompt countries with resources to offer better deals.
Australia’s Pure Energy favours BG offer over Shell
BG's offer beats rival one from Shell's Australian partner
Woodside Petroleum year profit up 55 pct
Woodside, 34 percent owned by Royal Dutch Shell Plc (RDSa.L), said on Wednesday net profit before one-off items was A$1.832 billion in 2008, below expectations of A$1.99 billion based on an average forecast of 10 analysts polled by Reuters.
Sakhalin Energy to export about 50 LNG lots in ’09
Gazprom bought control of the $22 billion Sakhalin-2 project after a prolonged crisis that forced Royal Dutch Shell (RDSa.L), the project's former leader, and its partners to reduce their holdings. Analysts had expected the battle would lead to delays. Shell is now a minority shareholder, along with Japan's Mitsubishi (8058.T) and Mitsui (8031.T).
Statement by Sakhalin Energy: Russian President Medvedev inaugurates the first LNG plant in Russia
Yuzhno-Sakhalinsk, 18 February 2009: President Dmitry Medvedev today opened Russia's first liquefied natural gas (LNG) plant built by Sakhalin Energy Investment Company Limited (Sakhalin Energy).
Nigerias Kidnap Capital Forces Shell, Chevron to Cut Output
A union representing office workers said it may pull members out of the region after gunmen killed the 11-year-old daughter of a Royal Dutch Shell Plc employee and abducted her 9-year-old brother in Port Harcourt.
BG Group potential bidding war with Royal Dutch Shell
Natural resources
BG Group: The London-listed oil and gas company, based in Berkshire, has raised its offer for Pure Energy, the Australian coal seam gas group, by 25 per cent to nearly £452.4 million, launching a potential bidding war with Royal Dutch Shell, its rival. BG has trumped an existing offer from Arrow Energy, Shells Australian partner. Pure has planned liquefied natural gas export projects in Queensland.
Energy companies need more help if they are to exploit offshore options
Lord Smith of Finsbury, chairman of the Environment Agency, recently cited Shells withdrawal from the London Array last summer as an example of the green drain out of Britain.
Toxic ethical ranking of Royal Dutch Shell
Out of 541 multinationals surveyed, Royal Dutch Shell has an overall ranking of 510, alongside the likes of the tobacco companies and Halliburton.
Shell says Qatar Pearl project tough but on track
"It's a very challenging project, but so far so good," Linda Cook, Shell's executive director for gas and power, told reporters on the sidelines of a conference.
BG Raises Bid for Pure Energy
Shell has it own LNG plans, announcing last week that it is studying the feasibility of building a processing facility at Gladstone to be fed by Arrow's reserves.
Clock ticks in BP race to pick chairman
BP, having searched for a new chairman for 18 months, BP now has to find one in as many weeks.
BG Raises Bid for Pure, Topping Shell Partners Offer
Feb. 17 (Bloomberg) -- BG Group Plc raised its hostile bid for Pure Energy Resources Ltd., topping an offer by Royal Dutch Shell Plcs Australian partner in coal-seam gas, as BG seeks to add reserves for an export venture.
Shell Deer Park Refinery workers approve job bid changes
Workers at the Shell Deer Park refinery and chemical plant voted over the weekend to ratify a local contract that changes the way jobs are bid.
BG ups bid for Pure Energy by 25 percent to trump rival
PERTH (Reuters) - BG Group raised its bid for Australian coal seam gas firm Pure Energy by 25 percent to nearly $650 million (458 million pounds), trumping a rival offer by Royal Dutch Shell's Australian partner Arrow Energy.
Gunmen attack two Shell oil flowstations in Nigeria
PORT HARCOURT, Nigeria, Feb 17 (Reuters) - Two oil flowstations operated by Royal Dutch Shell (RDSa.L) in Nigeria's Niger Delta were attacked by gunmen early on Tuesday, three security sources said.
Could a Russian be called on to rescue BP?
BP could look to Shell, where Mr Skinner spent most of his career. But Jeroen van der Veer has made clear that he will be retiring behind his geraniums when he steps down in June.
New fears on fate of economy
The Bank of Englands Deputy Governor warned yesterday that the recession could be even worse than it suggested less than a week ago.
Failure to save East Europe will lead to worldwide meltdown
If one spark jumps across the eurozone line, we will have global systemic crisis within days. Are the firemen ready?
BG Lifts Bid for Pure to A$995 Million, Topping Arrow
Feb. 17 (Bloomberg) -- BG Group Plc, the U.K.s third- biggest gas producer, raised its offer for Pure Energy Resources Ltd. to A$995 million ($646 million), topping a bid by Arrow Energy Ltd., the Australian partner of Royal Dutch Shell Plc.
Richard Wiseman, Chief Ethics & Compliance Officer at Royal Dutch Shell Plc makes a serious allegation
...it is remarkable indeed that you are now the Chief Ethics & Compliance Officer of Royal Dutch Shell Plc. Or perhaps it was a reward (bribe) to buy the silence of a former Shell director (and Secretary to the Committee of Group Managing Directors) who knows many dark secrets about Shell? I am of course aware of your role in preventing important information from reaching Shell shareholders. Your elevation reminds me to some extent of the new role and title given to Lord Mandelson a.k.a. The Prince of Darkness.
BPs search for chairman in disarray as Skinner decides to remain at Rio
Mr Skinner, the chairman of Rio Tinto, had been hotly tipped as the next leader of BP, Britains largest company, after the retirement later this year of Peter Sutherland. Over the weekend, however, Mr Skinner, a former Shell executive, pulled out after becoming embroiled in a damaging boardroom split over the direction of Rio, which is struggling to deal with its $38 billion (£27 billion) debt pile.
Bird Strike Was Likely Cause of Chopper Crash
The chopper was being used by Royal Dutch Shell PLC's U.S. unit, to transport workers to offshore facilities in the Gulf of Mexico. After the crash, Shell temporarily grounded its entire fleet of S-76C choppers, and instead used boats to transport most of those workers.
Investors and boards on the brink of war
I have some sympathy for Skinner on this score. He is an honourable chairman of the old school and will stay at Rio to see this issue through, although losing the chairmanship of BP will be a personal blow as he also missed out on the chairmanship of Shell, where he spent much of his career.
Gazprom to Open First LNG Plant
Gazprom bought control of the $22 billion project after a prolonged crisis that forced Royal Dutch Shell, the project's former leader, and its partners to reduce their holdings. Analysts had expected that the battle would lead to delays. Shell is now a minority shareholder along with Japan's Mitsubishi and Mitsui.
Shell following Paddy Briggs advice in New Zealand?
One of New Zealand's biggest petrol brands, Shell, is considering selling most of its New Zealand operations.
Niger Delta: Tension heightens as Shell sends workers home
Panic-gripped management of the Anglo-Dutch oil firm, Shell Petroleum Development Company, on Friday sent its workers in the restive Niger Delta home due to the worsening insecurity in the region.
Oil Majors In Distress
According to the internal e-mail seen by Reuters, Shell plans to trim its workforce and leave vacancies unfilled and to "ruthlessly" review its use of contract staff.
Rumors of a possible union between BP and Shell
I asked Hayward if the lower prices would trigger mergers among the majors, as happened in the 1990s. BP used the low prices a decade ago to snap up Amoco and Arco. Rumors have been circulating in the European press about a possible union between BP and Shell.
Nuclear lies are keeping you afraid
I am glad the oil company Shell had the wisdom, despite subsidies, to pull out of this flawed project.
Alberta Calls for Stricter Environmental Rules on Oil Sands
Royal Dutch Shell Plc, the worlds second-largest oil company, Calgary-based Suncor Energy Inc. and EnCana Corp. said last year they would reduce plans to mine the oil sands because of falling crude prices.
Oil majors mull mega-mergers as they eye minors
LONDON (Reuters) - Some of the world's biggest oil companies have shown renewed interest in merging with rival majors during talks about buying smaller producers to increase their reserves, a banker close to the discussions said.
Now Shell’s Chief Ethical Officer, Richard Wiseman, falls victim to a leaked email in ironic circumstances
The leakage of Shell internal emails seems to be turning into a veritable flood. The latest to reach me is your own interesting email to Shell colleagues, as printed below. I would have been stumped if it was just in Dutch, but fortunately you kindly provided an English translation.
Oil & gas: 50,000 UK jobs could go
Recruiter
Figures from trade body Oil & Gas UK suggest that the number of wells drilled in the North Sea could be a third of last years total of 109. The body blames the combination of decrease oil prices and increases in tax.
James Beazle, director of energy recruiter Six Recruitment, told Recruiter: As prices drop this is going to happen. Because of the oil price in the last two years there had been a frenzy in hiring and now there has to be an element of looking at whether they are needed, adding some of the cuts were part of a normal review taken by the companies at this time of the year.
Norwegian Oil Firm Goes to Energy’s Last Frontier
Last year, in a record lease sale, Royal Dutch Shell PLC paid $2.1 billion for exploration blocks in the Chukchi Sea, off the coast of Alaska.
Total vows to maintain investment levels
BP and Royal Dutch Shell, Europe's biggest oil company, would have to borrow to cover capital spending, and then need more to pay dividends, according to analysts at Sanford Bernstein.