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Posts on ‘July 16th, 2011’

Shell to Exit Natural-Gas Project in Canada

JULY 15, 2011

By EDWARD WELSCH

CALGARY, Canada—Royal Dutch Shell PLC said Friday it plans to sell its stake in a long-stalled, C$16.2-billion (US$17 billion) natural-gas production and pipeline project in Canada’s far north, as well as its other assets in the region.

The fate of the Mackenzie Gas Project, which envisions bringing natural gas from fields bordering the Arctic Ocean to markets in North America, has long been in doubt. But Shell’s departure from the project marks the surprise capitulation of one of the project’s oldest and biggest partners. Consortium members have weathered years of regulatory review and roller-coasting gas prices, betting that the region’s gas trove would one day be economical. 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.

INVITATION TO SHELL DIALOGUES WEBCHAT ON SHELL IN NIGERIA

Dear John,

Shell in Nigeria. An opportunity to discuss the challenges of this complex environment.

In 2009, Shell hosted a webchat focused on our work in Nigeria. It was a constructive and productive debate, which is why we now return to the subject.

At Shell we have enjoyed a long relationship with Nigeria, having been in the country for over 60 years, and have played a major role in developing the country’s oil and gas industry. Shell companies in Nigeria help support the country’s economy, which gets 85% of its income from the oil and gas industry, and have created thousands of skilled jobs for Nigerians. We invest millions of dollars each year in community development. 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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