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January 26th, 2010:

Shell becomes biggest investor in Qatar – executive

REUTERS

Tue Jan 26, 2010 9:37am EST

* Shell Qatar investments at $21 bln, surpasses Exxon

* First output from Pearl GTL plant expected early 2011

* Shell to get free gas from Qatar for Pearl, so costs low

By Simon Webb

DOHA, Jan 26 (Reuters) – Royal Dutch Shell (RDSa.L) $21 billion investment in energy projects in Qatar would make it the largest private investor in the country, surpassing rival ExxonMobil (XOM.N), a senior company executive said on Tuesday.

Shell expected to complete construction by the end of 2010 on the world’s largest energy project, a $19 billion plant to produce superclean fuels from gas, said Gerrit-Jan Smitskamp, the company’s regional vice-president for finance. read more

This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Oil sands costs driving Shell elsewhere

Calgary — Globe and Mail

By Nathan VanderKlippe: Company steering exploration dollars to other parts of the world, including the Gulf of Mexico and Kazakhstan

More than a year after it delayed a decision on a major new oil sands expansion, Royal Dutch Shell PLC (RDS.A-N58.390.050.08%) is backing further away from Canada’s richest crude resource.

Shell will dramatically slow its future growth in the Fort McMurray area, according to chief executive officer Peter Voser, who said that high costs in the oil sands are the reason the company is steering exploration dollars to other parts of the world, including the Gulf of Mexico and Kazakhstan. read more

This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Shell pulls back from Canadian tar sands projects

London Evening Standard

Growth: Shell will rely on more conventional oil and gas reserves

The chief executive of Royal Dutch Shell today announced the firm would scale back growth in Canadian tar sands amid a growing backlash from shareholders and environmentalists.

Peter Voser said Shell plans to rely more on conventional oil and gas reserves for future growth.

“We have enough other growth opportunities,” he told the Financial Times.

Protestors have opposed oil sands projects over their impact on the environment, while shareholders are worried about the cost of climate change legislation. read more

This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Nigeria: Shell has had enough

Energy Report – 26 January 2010

Shell, the company most affected by the years of violence in the Niger delta and the other difficulties of working in Nigeria, has finally had enough

In December, it invited offers for a swathe of its onshore fields and last month underlined its new stance with a statement from Peter Voser, group chief executive, that “we no longer depend on [Nigeria] for our growth aspirations.”

In – for Shell – surprisingly forthright comments about the country in which it has been the dominant oil and gas producer for over 50 years, Voser cited “uncertainties about the future of the fiscal structure” and the government giving “priority to maintaining oil production over reducing gas flares”, in addition to the “sabotage and attacks on installations” as reasons for its decision. Not depending on Nigeria for growth “gives us more flexibility in deciding when and how to develop oil and gas resources” in the country, he said. read more

This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Shell Motiva to shut Convent refinery for five to six weeks

By Rebecca Mowbray, The Times-Picayune

January 26, 2010, 10:51AM

(Bloomberg) — Motiva Enterprises LLC will shut a crude unit and reformer at its Convent, Louisiana, refinery on Jan. 28 for five to six weeks of planned maintenance, people familiar with the plant’s operations said.

The crude unit has a capacity of 130,000 to 140,000 barrels a day and is the larger of the plant’s two crude units, said the people, who declined to be identified because they are not authorized to speak for the refinery.

“I can’t comment on operational issues,” Kevin Hardy, a spokesman for the Convent refinery, said in an e-mail. “We don’t comment on anything that could have an impact on business.” read more

This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

In the Middle of the Baghdad Hotel Attacks

On Monday, my main assignments for the day were positively mundane: first, to get a plumber to fix the burst pipe at the office, and then head over to the oil ministry, where Exxon Mobil and Royal Dutch Shell were signing a 20-year deal to develop a supergiant Iraqi oil field. The agreement had been heralded as a cornerstone for the future of an Iraq safe enough for investors to unload tens of billions of dollars, perhaps one that would see Iraq surpass Saudi Arabia in oil production.

This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Shell expects production from Pearl GTL in 2011

Reuters UK

Tue Jan 26, 2010 8:52am GMT

DOHA, Jan 26 (Reuters) – Royal Dutch Shell (RDSa.L) expects first production from its gas-to-liquids (GTL) plant in Qatar in 2011, a senior company executive said on Tuesday.

The cost of the Pearl super-clean fuels plant in Qatar was pegged at $18 billion to $19 billion, the company’s regional vice-president for finance, Gerrit-Jan Smitskamp said during a MEED conference.

The GTL project will be the world’s largest and will have a capacity of 140,000 barrels per day (bpd). read more

This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.