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Posts on ‘May 17th, 2013’

Shell to Start Iraq Oil Output Amid Plans for Saudi Investments

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By Maher Chmaytelli and Nayla Razzouk: May 16, 2013

Royal Dutch Shell Plc (RDSA) will start producing crude at Iraq’s Majnoon oil field as early as next month and plans to increase energy investments in Saudi Arabia, its regional vice president said.

Output from Majnoon, one of Iraq’s largest oil fields, will start “around mid-year” and increase to 175,000 barrels a day by the end of 2013, Mounir Bouaziz said in an e-mailed response to questions. In Saudi Arabia, Shell is holding talks with officials on a project to develop natural gas from the kingdom’s Kidan field in the Rub al-Khali, or Empty Quarter, he said. 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.

TABLOID COVERAGE OF ALLEGED OIL PRICE FIXING

EXAMPLES OF UK TABLOID COVERAGE OF ALLEGED PRICE FIXING AT THE PUMP

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pdf file of above pages

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.

The Serious Fraud Office ‘urgently reviewing’ oil price inquiry

UK fraud authorities are “urgently reviewing” whether to launch an investigation into companies that may have rigged the oil market and driven up petrol costs for millions of drivers.

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By Rowena Mason and Christopher Hope: 7:06PM BST 16 May 2013

The Serious Fraud Office said it is considering an inquiry, after European Commission officials raided the London offices of BP and Shell. The companies, along with a Norwegian oil giant, Statoil, are suspected of having “colluded in reporting distorted prices to manipulate the published prices for a number of oil and biofuel products”.

It comes the day after David Cameron said he wanted to see prosecutions with the “full force of the law” if the allegations are proven. 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.

Oil companies face public and political backlash if found guilty

FINANCIAL TIMES

By Guy Chazan: May 15, 2013

Big Oil is braced for a big backlash, as the industry faces what could be its own Libor moment.

“…the allegations sparked a political firestorm…

FULL ARTICLE

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 May Export U.S. LNG or Turn Gas to Motor Fuel, Chemicals

Screen Shot 2013-01-06 at 16.33.31 By Robert TuttleMay 16, 2013 5:00 AM GMT+0100

Royal Dutch Shell Plc (RDSA) may export U.S. natural gas in liquid form, convert it into chemicals or build a gas-to-liquids plant to produce fuel, said the company’s country chairman for Dubai and the northern emirates.

Shell is considering the possibilities, and “it is too soon to say which of these options will go ahead or the precise timings,” Mounir Bouaziz said in an e-mail.

Shell as well as other international oil companies such as Exxon Mobil Corp and BP Plc (BP/) seek to profit from US gas reserves, which rose 70 percent in the 10 years ended 2011 amid a surge in output from shale. A rise in domestic production contributed to a 64 percent drop in prices in the past five years. 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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