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Posts on ‘January 7th, 2014’

Aus petrol industry set for shake-up

Shell chief executive Peter Voster said in November the company was “entering into a divestment phase” amid rising costs for energy projects and investor concern about capital expenditure.

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January 7, 2014

Australia’s A$50 billion (NZ$54b) petrol industry is set for its biggest shake-up in decades, with energy majors Royal Dutch Shell and BP considering the sale of refineries and petrol stations in order to free up cash for their core energy production businesses.

It is understood Shell is in talks with at least two parties – a large private equity firm and a consortium including investment bank Macquarie Group – over the A$3b sale of 900 petrol ­stations and its refinery in Geelong. 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, OMV, Mitsui to drill deepwater well in New Zealand

Jan 7 (Reuters) – Royal Dutch Shell, Austria’s OMV and Japan’s Mitsui will drill an exploration well off New Zealand’s southeast coast, becoming the latest group to search for natural gas in the country’s largely untapped deepwater basins.

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WELLINGTON Tue Jan 7, 2014 1:13am EST

Jan 7 (Reuters) – Royal Dutch Shell, Austria’s OMV and Japan’s Mitsui will drill an exploration well off New Zealand’s southeast coast, becoming the latest group to search for natural gas in the country’s largely untapped deepwater basins.

The Shell-led project would follow a programme by Anadarko Petroleum of the United States to drill two deepwater wildcat wells in New Zealand this year in a joint venture with Australia’s Origin Energy Ltd. 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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