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Posts on ‘April 10th, 2011’

Shell plays tough with BHP over Woodside deal



Woodside liquefied natural gas platform in the Timor Sea Source: The Australian

Matt Chambers April 11, 2011

ROYAL Dutch Shell is playing hardball on a possible sale of its 24 per cent stake in Woodside Petroleum to BHP Billiton, its local chief declaring yesterday that Shell was in “no hurry” to do a deal.

Speaking on the sidelines of a conference in Perth last night and ahead of this week’s annual Australian Petroleum Production & Exploration Association meeting, Shell Australia chair Ann Pickard moved to hose down reports out of London at the weekend that a sale of its stake in the Perth-based oil and gas company was imminent. 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.

Chevron sells Shell stake in Australia project

By John Letzing , MarketWatch

SAN FRANCISCO (MarketWatch) — Chevron Corp. said Sunday it has agreed to sell a stake in its proposed Wheatstone natural-gas project in Australia, a key means for the U.S. oil giant to address growing demand for energy resources in China and other parts of Asia, to Royal Dutch Shell PLC.

Under the terms of the deal, Shell will gain an 8% interest in Chevron’s  Wheatstone and Iago natural gas fields offshore of northwest Australia. 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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