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Posts on ‘April 20th, 2010’

World LNG Demand Will Double by 2020, Shell’s Outen Says

BusinessWeek Logo

By Robert Tuttle

April 20 (Bloomberg) — World demand for liquefied natural gas will double by 2020, Guy Outen, executive vice president for exploration and production at Royal Dutch Shell Plc, said at a conference in Oran, Algeria.

European gas demand will increase 1 percent a year while local production will fall 2 percent annually. World gas demand will rise 25 percent to 4 trillion cubic meters a year by 2020 as electricity demand rises 75 percent in the period, he said.

To contact the reporter on this story: Robert Tuttle in Doha at [email protected] 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.

Shell Conchas Project Is ‘Above Expectations,’ Odum Tells Valor

Bloomberg.com

By Laura Price

April 20 (Bloomberg) — Royal Dutch Shell Plc’s Parque das Conchas oil project in Brazil is performing “above expectations,” Valor Economico said, citing Marvin Odum, the company’s upstream director for the Americas.

Shell has been drilling at Parque das Conchas in the Campos Basin for six months, the Sao Paulo-based newspaper said. Oil exploration in Brazil, where Shell currently produces about 117,000 barrels a day, is one of the company’s priorities, Valor said, citing Odum. 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.

Royal Dutch Shell at the crossroads

“No attempts are currently being made to rectify under-performance in either the refining or the marketing sectors. Refiners, like Stanlow, will be disposed of to others who, if they keep them operating, will have the energy and the skill to make them profitable. Shell doesn’t want to do this.”

Posting on Shell Blog by Wilt Staph on Apr 20th, 2010 at 10:06 am

There is a palpable sense that Shell is at the crossroads in so many ways at the moment. The broad strategy, “More Upstream, Profitable Downstream” reveals more, to insiders, than the bare words may suggest. The truth is that Shell is increasingly an upstream company – for many years this business segment has been the primary focus but over the past year or so, and especially under Voser, this has accelerated. Almost any upstream is good – one is reminded of George Orwell’s Animal Farm where the rather similar mantra was “Four legs good, two legs bad!”. The upstream has four legs and the downstream only two but, reluctantly it seems, “bad” though it is, some downstream assets and businesses will be held onto so long as they are “profitable”. No such requirement seems to apply to the upstream! 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.

Nigerian Appeal Court Sacks Shell from Bonny Terminal Land

By Davidson Iriekpen 20 April 2010

Shell Petroleum Development Company (SPDC) is about to forfeit ownership of the land hosting its biggest export terminal in the country following the judgment of the Court of Appeal sitting in Port Harcourt, Rivers State.

The Bonny terminal currently has over 12 million barrels of crude oil storage capacity and is also the biggest export terminal in Nigeria.

It has a helicopter landing pad and facilities capable of loading super tankers – in addition to an indoor berthing facility that can take six ocean going tankers, an expatriate club, a residential area, amongst others. 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.

Shell, Exxon to sell U.K. assets

From Herald News ServicesApril 19, 2010 10:00 PM

North Sea – Royal Dutch Shell PLC and ExxonMobil Corp. plan to sell assets in the central part of the U.K. North Sea to focus on other projects. 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.
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