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Posts on ‘February 21st, 2011’

Shell Said to Get Bids From Essar, Afren for Nigerian Fields

By Brett Foley – Feb 21, 2011 5:03 PM GMT+0000

Royal Dutch Shell Plc, Europe’s biggest oil company, received interest from companies including Essar Group, Afren Plc and Perenco SA for stakes in four Nigerian oil fields, according to two people with knowledge of the matter.

India’s Essar is bidding with Energy Equity Resources Ltd. of Nigeria while closely held Perenco of France is working with Swiss trading firm Addax & Oryx Group Ltd. and Oando Plc, said the people, who declined to be identified because the matter is private. Another bidding group includes Heritage Oil Plc of the U.K. and Nigerian contractor Shoreline Energy International, one of the people said. 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.

Whistleblower 2004 email on Shell reserves scandal

Honesty and Integrity once the pillars of culture in the Shell Group, no longer appear to exist.

John Scruton

Extracts from an email we received from Shell Whistleblower Dr John Huong (some personal information omitted)

From: huong john <[email protected]>
Date: 18 August 2004 14:00:32 GMT+01:00
To: John Donovan <[email protected]
Subject: RE: FW: SHELL WHAT ELSE no3

Dear Mr. Donovans,

Good evening. I pray that you are both in the best and that Mr. Donovans Senior have been to see the doctor for a check up.

I got news from my lawyers that the affidavit that was filed was acknowledged by the High Court and that they have written to the Shell Lawyers informing them of the application.  The Shell Lawyers have two weeks to respond from yesterday and the hearing will take place on 21st September 2004. After the case is set aside I will again start to contribute to your website if Shell is not going to start talking like gentlemen! 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.

Oil majors stall Libya drilling, withdraw staff

Mon Feb 21, 2011 6:22am EST

* Statoil, Shell, BP plan evacuations as unrest spreads

* Repsol, Eni say oil production unaffected

LONDON, Feb 21 (Reuters) – European oil and gas companies have evacuated staff and suspended drilling preparations in Libya as violence spreads across the north African country.

Norway’s Statoil, Austria’s OMV and Royal Dutch Shell have moved some staff as scores of anti-government protesters were killed in the country’s second-biggest city, Benghazi, and unrest spread to the capital Tripoli over the weekend.

Production at the Murzaq oil field run by Spain’s Repsol (REP.MC) has been unaffected so far, as has output from Eni’s operations. 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.

Senator Kirk joins bill for Iran sanctions on Royal Dutch Shell

Senator Mark Kirk supports a measure for sanctions against companies doing business with Iran. (Getty Images)

FEBRUARY 17, 2011

Bi-partisan members of Congress, including an Illinois senator, are supporting a measure that aims to toughen sanctions against businesses that have relations with Iran.

The bill would require companies to report to the Securities and Exchange Commission any sanctionable investments in Iran and require U.S. Banks to report sanctionable activities by their banking customers. 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 Agrees To Sell Majority Stake In Most Africa Donwstream

LONDON (Dow Jones)–Royal Dutch Shell PLC (RDSA.LN) Monday agreed to sell a majority stake in much of its African downstream to Vitol Holding BV and Helios Investment Partners for around $1 billion, as it trims non-core assets.

Oil-products businesses are generally considered of less importance to oil majors than oil and gas exploration and production assets.

The Anglo-Dutch oil giant will sell 80% in fuels and lubricants assets in 14 African countries to oil trading giant Vitol and Africa-focused private investment firm Helios and keep the remaining 20%. 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.

Essar Energy to provide $1bn bank guarantee for Shell’s Stanlow refinery

21 Feb, 2011, 06.35AM IST, Pradeep Pandey,ET Bureau

MUMBAI: Essar Energy will provide a bank guarantee of $1 billion to close the offer it made to acquire Shell’s Stanlow refinery in the UK, according to a person who is part of ongoing negotiations with banks. This bank guarantee would be over and above the $350 million that Essar Energy agreed to offer for the assets of Stanlow refinery.

“The company (Essar) will finalise the bankers who will furnish the guarantee in the next three to four months,” said the person who requested anonymity as the transaction is still underway. 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 discusses plans for 24% stake in Woodside Petroleum

21 Feb 2011

Woodside: despite the sell-offs chief executive Don Voelte maintains relations are still good between the two companies

Anglo-Dutch oil giant Royal Dutch Shell is in talks with Woodside Petroleum about what it plans to do with its remaining 24% stake in the company after catching Australia‘s largest oil and gas producer on the hop last November when it sold off a big chunk of the company.

Shell sold a £1.67 billion stake – equivalent to a third of its holding, last year, reportedly angering Woodside‘s board and triggering speculation that Woodside could fall to a takeover. 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.