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Posts on ‘November 1st, 2010’

Shell to begin drilling China shalegas blocks by early 2011-Exec

Reuters Africa

Mon Nov 1, 2010 9:35am GMT

SINGAPORE Nov 1 (Reuters) – Royal Dutch Shell (RDSa.L: Quote) expects to start drilling in two shale gas blocks in southwestern China at the end of this year or early 2011, a company official said on Monday.

Drilling will start at the 4,000-square-kilometre Jinqiu and Fushun blocks in Sichuan province, Marc Gerrits, vice president for Shell Exploration Asia, told reporters on the sidelines of the Singapore Energy Summit.

He declined to elaborate on the investment cost.

Shell already produces 3 billion cubic metres a year of gas from a tight gas block at Changbei. read more

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Shell says Asia LNG demand growth will absorb supply

Reuters Africa

SINGAPORE Nov 1 (Reuters) – Strong growth in Asian demand for liquefied natural gas (LNG) will be enough to absorb growth in supply, a senior executive at oil major Royal Dutch Shell said on Monday.

“If you look at the potential demand from China and India it’s huge, China could treble LNG demand from 2010 to 2020, and double it again by 2030,” Malcolm Brinded, executive director at Shell Upstream International, said.

He added that LNG is the cheapest way Asian countries that can meet their CO2 targets. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

Exxon, Shell, Oxy Said to Be Shortlisted for Abu Dhabi Shah Gas

Bloomberg

By Ayesha Daya and Anthony DiPaola – Nov 1, 2010 9:02 AM GMT+0000

Abu Dhabi shortlisted Exxon Mobil Corp., Royal Dutch Shell Plc and Occidental Petroleum Corp. as potential partners to develop the $10 billion Shah natural-gas project, two people familiar with the plan said.

Abu Dhabi Gas Development Co., owned by Abu Dhabi National Oil Co., known also as Adnoc, is pressing ahead with Shah after the original foreign partner, ConocoPhillips, withdrew from the project in April. The people declined to be identified by name because the decision hasn’t been publicly announced. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com
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