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Posts on ‘August 20th, 2012’

Shell and Chevron swap Austalian assets

Royal Dutch Shell has increased its stake in some Australian LNG fields by swapping assets with US oil major Chevron

Garry White By : 4:31PM BST 20 Aug 2012

Royal Dutch Shell and Chevron have agreed to swap assets in Australia, with the Anglo-Dutch energy giant increasing its interest in a key liquefied natural gas project.

Shell will pay Chevron $450m (£287m) and swap its interest in 2 offshore oil fields in return for Chevron’s interest in the Browse liquefied natural gas (LNG) project.

Australia’s Woodside Petroleum is the operator of the Browse project, in partnership with Shell, BP, Chevron and BHP Billiton. Following completion of this transaction, Shell will hold a 35pc interest in West Browse and 25pc interest in East Browse. 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.

Delays Leave Shell With Only Weeks to Drill in Arctic

An artist’s rendition of the Arctic Challenger barge. The vessel needs at least 14 days to get from Bellingham, Washington, to the exploration area, Shell said. Source: Superior Marine Technical Services

By Kasia Klimasinska on August 20, 2012

Royal Dutch Shell Plc (RDSA) has spent seven years and $4.5 billion, and fought off at least 50 lawsuits, for a chance to tap what is thought to be the biggest source of oil in the U.S. outside of the Gulf of Mexico.

With the last of more than 30 permit applications still pending, time is running out to get much drilling done off the coast of Alaska before having to stop for winter. 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.

Nigeria took 40 pct of Shell security spend in late 2000s-NGO

Mon Aug 20, 2012 9:30am EDT

* Shell says security of staff, equipment its top priority

* Nigeria’s oil region beset by violence, oil theft

* Human rights groups question Shell spending on gov’t forces

By Joe Brock

ABUJA, Aug 20 (Reuters) – Royal Dutch Shell spent almost 40 percent of its $1 billion global security budget between 2007 and 2009 in Nigeria, pressure group Platform said, adding much of the money went to the country’s security forces which it described as corrupt. 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.

Gas fracking should not be allowed anywhere, says top environmentalist

The Irish Times – Monday, August 20, 2012

FRANK McDONALD, Environment Editor

THE GOVERNMENT would “become the shoeshine boy of the [shale gas] industry” if it allowed fracking to take place anywhere in Ireland, according to the Nigerian human rights activist who heads Friends of the Earth International.

Nnimmo Bassey said Ministers “should not be allowed to sacrifice the environment on the altar of corporate greed” – as they had done for decades in his own country, where “the entire nation was Shell’s concession”. 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, Shell Swap Australian Natural Gas Assets

Published August 20, 2012: Dow Jones Newswires

Chevron Corp. (CVX) and Royal Dutch Shell PLC (RDSB) agreed Monday to swap stakes in two multibillion dollar natural gas projects in Australia, betting on the country’s ability to feed Asia’s growing energy demand just as competition from Africa and North America intensifies.

Chevron, the second-biggest U.S. oil company by market value after ExxonMobil Corp. (XOM), said in a statement that the deal involves transferring its interest in the proposed US$30 billion-plus Browse project to Shell. 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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