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Posts on ‘August 30th, 2011’

Exxon Rosneft deal major setback for BP and Shell

Royal Dutch Shell PLC… declined to comment on the Exxon-Rosneft deal and had no update on the status of Shell’s talks with Rosneft. Shell CEO Peter Voser said in July that his company was in early-stage talks with Rosneft over Arctic exploration opportunities.

Exxon, Rosneft Sign Global Pact To Jointly Drill For Oil

By William Mauldin and Isabel Ordonez of DOW JONES NEWSWIRES

MOSCOW -(Dow Jones)- Exxon Mobil Corp. (XOM) and Russia’s OAO Rosneft (ROSN.RS) Tuesday announced a global partnership that would grant the Texas oil giant more access to Russia’s vast oil riches and provide Rosneft a piece of the red-hot U.S. oilpatch.

The deal, which includes $3.2 billion in exploration offshore of Russia, marks Russia’s most decisive step forward to attract international oil heavyweights since the demise of a similar venture between Rosneft and BP PLC (BP, BP.LN). 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 won’t stop oil production in Syria unless EU mandates a boycott

By Associated Press, Updated: Tuesday, August 30, 5:00 PM

AMSTERDAM — Royal Dutch Shell PLC will not stop producing oil in Syria unless it is directed to do so by the European Union, media in the Netherlands report.

National broadcaster NOS news cites Dick Benschop, head of the company’s Dutch arm, as saying Shell thinks halting its operations there would hurt the Syrian people more than its government.

Benschop’s remarks came after a behind-closed-doors meeting Tuesday with members of Dutch parliament who have called for a boycott to protest the Syrian government crackdown on an uprising the U.N. says has left 2,200 dead since it began in March. 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.

Big oil companies may have to give up Iraq gas

Mon Aug 29, 2011 10:25am EDT

By Ahmed Rasheed and Daniel Fineren

DUBAI (Reuters) – Many of the world’s biggest energy companies may have to surrender most of the gas from Iraq’s vast southern oilfields to a processing and export project led by Shell, a final draft contract between Baghdad and Europe’s biggest company, obtained by Reuters, shows.

Oil giants including Royal Dutch Shell (RDSa.L: Quote), BP (BP.L: Quote), U.S.-based Exxon (XOM.N: Quote), China’s CNPC, and Italy’s Eni (ENI.MI: Quote) signed technical service contracts to develop three oilfields in southern Iraq in 2009-2010. 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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