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Posts on ‘October 25th, 2010’

Saudi Aramco, Shell Venture to Drill in Saudi Arabia

Bloomberg

By Fred Pals and Wael Mahdi – Oct 25, 2010 4:33 PM GMT+0100

A joint venture between Saudi Aramco and Royal Dutch Shell Plc plans to drill three wells in Saudi Arabia’s southern Rub Al Khali desert after completing its first exploration period, the company said today.

South Rub al-Khali Co., or SRAK, as the venture is known, also plans to submit an appraisal plan to the government for the Kidan area of Saudi Arabia, it said in a statement. Kidan lies near the Saudi border with the United Arab Emirates. 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 wants more from Brazilian waters


LONDON, Oct. 25 (UPI) — Royal Dutch Shell announced it was investing in developments in the deep waters off the coast of Brazil in order to enhance its American portfolio.

Shell said it was investing an undisclosed sum to support a second phase of development of the Parque das Conchas basin about 62 miles off the coast of Brazil.

Shell began operating in the region in 2009. The second phase envisions drilling to roughly 3,600 feet below the sea bed, 6,000 feet below the surface of the water. 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 slashes $18bn from Kashagan costs

DAILY TELEGRAPH: Royal Dutch Shell has radically simplified the design of the Kashagan oil development, slashing $18bn (£11.5bn) from the cost of the second phase of development as it strives to make the project economically viable.

By Richard Orange in Almaty
Published: 11:38AM BST 25 Oct 2010

The milestone report from Shell’s Kashagan Cost Reduction Team reduces the cost estimate for the second phase of the project from $68bn to $50bn, a senior Kazakh official told The Daily Telegraph.

Shell took control of the planning of the second phase from Italy’s Eni at the start of last year. The Anglo-Dutch company has been working to turn around the economics of the project, which will take production capacity to 1m barrels per day, from the first phase’s production capacity of 450,000. 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.

Alleged death threats against whistleblower Shell Corrib employees

By John Donovan

Earlier today I sent an email to Richard Wiseman, Chief Ethics & Compliance Officer of Royal Dutch Shell Plc advising him of alleged death threats made against Shell Corrib employees, who for some months have been leaking Shell internal emails to us, which we have published.

I supplied to Mr Wiseman the latest batch of leaked emails together with a draft email we intend to send to the Irish Police Commissioner reporting a Shell espionage operation against Shell Corrib employees and alleged related death threats. 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.

City eyes third-quarter growth from Shell

Daily Telegraph: Royal Dutch Shell’s results beat market expectations in the first half.

25 October 2010

The City is expecting profits at Royal Dutch Shell to have risen 50pc to $4.3bn when it reports its results on Thursday Photo: Johnny Greig / Alamy

When it posts third-quarter figures on Thursday, investors will be watching to see whether Peter Voser, its chief executive, unveils solid results again, as arch-rival BP struggles to recover from its Gulf of Mexico oil spill.

Shell’s restructuring programme and a higher oil price helped it to second-quarter profits of around $4.5bn (£2.87bn). The oil giant had slashed its spending by $3.5bn over the previous 18 months by shedding 7,000 staff and making operational savings. At the time, Shell said its radical restructuring programme had come to an end earlier than planned. 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.