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Posts on ‘September 17th, 2012’

Shell’s massive investment in China

The country is sitting on huge untapped shale gas reserves, and Shell senses opportunity.

By AlphaVN.com

One of the world’s biggest energy companies, Royal Dutch Shell (RDS.A +0.12%) is planning to invest $1 billion per year in China’s massive shale gas reserves. This natural gas, which has long been considered uneconomical to produce, has in the last decade captured investor attention due to a combination of cost effective modern drilling and extraction methods, such as fracking.

Earlier this year, China’s resource ministry revealed that it had discovered 25.1 trillion cubic meters of untapped shale gas reserves, which could fuel the country’s current natural gas needs for 200 years. The U.S. Energy Information Administration has also confirmed that China has at least 50% more shale gas in its reserves than the U.S. does, officially. 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 spells out China growth fears

Mathew Dunckley and Angela MacDonald-Smith

The Chinese economy could be in worse shape than official figures suggest, threatening demand for Australia’s resources at the same time as increasing international competition and rising costs spell trouble for this nation’s fledgling gas boom, says one of Royal Dutch Shell’s top global ­executives.

Shell global downstream director Mark Williams said the energy giant was experiencing the equivalent of recession-level demand for key products such as diesel at the same time as China, one of the single largest markets, was posting official reports of strong growth. 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.

Gazprom invests big in Sakhalin

Published: Sept. 17, 2012 at 8:22 AM

MOSCOW, Sept. 17 (UPI) — Russian energy company Gazprom announced plans to invest more than $14 billion on projects in the Sakhalin region of the Far East.

Gazprom Chief Executive Officer Alexei Miller met with delegates from the region in Moscow to discuss energy projects in the east.

“Miller emphasized that implementation of projects in Eastern Russia was the company’s top priority,” said Gazprom in a statement.

The company said it aims to invest more than $14 billion on a variety of developments in the region, including offshore production and liquefied natural gas. 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.

After Mishaps, Shell Dials Back Arctic Oil-Drilling Plans

Christopher Helman

Christopher Helman, Forbes Staff: 9/17/2012

I’m based in Houston, Texas, energy capital of the world.

For weeks now it’s been unlikely that Shell would have enough time before the sea freeze sets in to drill down to oil-bearing zones in its newly spudded well in Alaska’s Chukchi Sea.

But today Shell made it official, announcing that it would seek only to finish “top hole” work on the Burger A well. It aims only to drill down to 1,400 feet beneath the seafloor, then plug and seal the hole for reentry next year. 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 Malaysia to invest RM50mil on 50 autoserv outlets nationwide

The StarOnline (Malaysia): Shell to invest RM50mil on 50 autoserv outlets nationwide

SHELL Malaysia will be investing RM50mil to set up 50 Shell autoserv outlets nationwide over the next three to four years.

Sam Hanna, general manager of Shell autoserv Malaysia, said that on average, the company would spend about RM1mil on each new outlet including refurbishment, fittings and stocks.

“It is timely for Malaysia to have such one-stop centres for car maintenance services,” he said in an interview with StarBiz in Johor Baru.

He said the company had spent US$1mil to conduct research on the concept of car service centres and found that car owners in this country are ready for such facilities. 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 abandons plans to drill oil deposits in the offshore Arctic in 2012

By Kim Murphy: September 17, 2012

Shell Alaska said Monday it has abandoned its efforts to drill into hydrocarbon deposits in the offshore Arctic after the latest in a series of glitches on the company’s troubled oil containment barge resulted in damage to the high-tech dome designed to contain oil in the event of an underwater spill.

Company officials said they will continue to drill “top holes” off the Alaskan coast through the end of this season’s drilling window, but will not attempt to reach any oil deposits this year—a serious but not fatal setback for the company, which has spent six years attempting to explore its outer continental shelf leases off the coast of Alaska. 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 Abandons Alaska Drilling until Next Year

Mon Sep 17, 2012 2:45am EDT

(Reuters) – Oil major Royal Dutch Shell said it had decided to delay its hunt for oil in Alaska until next year after a piece of equipment used in a test was damaged, highlighting the difficulties of drilling in the icy Arctic sea.

Shell, which has spent about $4.5 billion on its effort to drill Arctic oil, said it will not attempt to drill into any oil or gas-containing rocks this year as a dome which could be used to contain oil in the event of a spill will take time to repair. 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 Alaska Drilling Update 17 Sept 2012

THE HAGUE, The Netherlands, September 17, 2012 /PRNewswire/ —

Royal Dutch Shell (“Shell”) (NYSE: RDS.A) (NYSE: RDS.B) is engaged in a multi-year drilling programme to explore for new oil & gas resources in high-potential blocks in offshore Alaska. Important progress has been made with this programme, with two drill ships, more than twenty support vessels, an approved capping stack, and other redundant oil spill response equipment already in position. Shell continues to demonstrate the strength and extent of its Arctic preparations.  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, banks sign N755b local content pact

Monday, 17 September 2012 00:00 From Kelvin. Ebiri,Port-Harcourt

A N755 billion  ($5b)  deal has been signed between Shell Petroleum Development Company, (SPDC)and five banks to ease access to loans for Nigerian contractors.

Shell said the $5 billion Memorandum of Understanding (MoU) signed with the banks would further give impetus to the  Nigerian content drive which is aimed at ensuing that indigenous companies play more crucial role in the oil and gas sector.

The Managing Director of SPDC, Mr. Mutiu Sunmonu, at the signing of the agreement in Port Harcourt at the weekend, said  the scheme was being  funded by First Bank; Citi Bank, Access Bank, Fidelity Bank, Standard Chartered Bank and  David L Ross Associates. 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 boss defends Alaska project as ice halts drilling

Oil chief dismisses fears of another Gulf spill after huge floe forces drill ship to move

, energy editor

The man at the centre of Shell’s controversial drilling programme in the Arctic has said he is aware of the responsibility on his head but is convinced the Anglo-Dutch oil group is acting in a fully responsible and accountable way.

Speaking after a huge ice floe forced drilling 70 miles off the north-west coast of Alaska to be temporarily halted, Peter Slaiby, vice-president of Shell Alaska, insisted that the company had learned from the Deepwater Horizon disaster.

“We are raising the bar in the way we have been working with local communities,” he said. “We have made 450 different trips to consult and listen to any concerns. We believe the way we are doing this is important – not just for Alaska but for the wider Arctic region.” 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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