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Posts on ‘January 8th, 2014’

UAE takes charge of big oilfields for now as western majors’ deals expire

Four of the world’s largest stock-listed energy companies – ExxonMobil, Royal Dutch Shell, Total and BP – have each held 9.5 percent equity stakes in the ADCO concession since the 1970s and would be keen to prolong their involvement.

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Wed Jan 8, 2014 2:58pm EST

* Foreign oil company staff to keep working as service providers

* Disagreement over which companies best suited delays renewal

* Western oil majors’ knowledge of fields may see them return

By Daniel Fineren and Stanley Carvalho

DUBAI/ABU DHABI, Jan 8 (Reuters) – Abu Dhabi will take full control of the UAE’ biggest oilfields when its decades-old venture with four western oil giants ends this weekend, while it weighs new partnerships that could include its long-term collaborators or Asian newcomers. 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.

Western energy companies flocking to China to unlock shale reserves

FINANCIAL TIMES

ExxonMobil, Chevron and ConocoPhillips of the US, and Royal Dutch Shell, Total and Eni from Europe, are among the international oil companies that have signed deals to explore shale resources in China. Yet for all the excitement, the future of China’s shale remains cloudy. 

FULL FT 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.

Hard look needed for Shell’s Arctic drilling plans

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Screen Shot 2013-01-11 at 20.09.51Days after Shell Oil turned in revised proposals for oil exploration in Alaska’s Chukchi Sea, the federal Bureau of Ocean Energy Management responded with 10 pages of questions to answer.

Good. Skepticism by this Department of the Interior agency is the least to be expected after Shell’s troubled launch of Alaska oil exploration and drilling plans in 2012 in the Beaufort and Chukchi seas.

Full article Jan 6, 2014

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 Miners’ strike – a personal story I haven’t told before

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An article I found on the website of Paddy Briggs…

By Paddy Briggs

The Miners’ strike – a personal story I haven’t told before 

I was the Commercial Manager for Shell in Scotland from 1983-1986. In this job I had the overall responsibility for serving the needs of our customers in (inter alia) the Road Transport sector. As the miners’ strike intensified concern was expressed about the future of the huge Ravenscraig steelworks. The furnaces at Ravenscraig required coal to keep them functioning and if the fire in a furnace was extinguished then that furnace was lost – at huge cost. To keep the furnaces operating, even at a low level, required huge quantities of coal. This was normally supplied directly from Scottish mines – mostly by rail. Because of the Miners’ strike this supply source was stopped so British Steel sourced their Coal from overseas and imported it through a Terminal at Hunterston in Ayrshire. The coal then had to be road-bridged by truck from the Terminal to the Steel Plant – a distance of about 50 miles. The Haulage contractor appointed by British Steel for this task was a company called “Yuill and Dodds” of Hamilton run by the well-known Mr James Yuill (known to all as Jimmy). Yuill and Dodds was a Shell customer for the diesel and the lubricants their trucks needed. One day I was asked by one of my staff to visit Jimmy Yuill who was concerned that the supplies of diesel he needed might be interrupted because the Transport and General Workers Union (T&GWU) would order their members working for Shell not to make fuel deliveries to him. 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.

Vitol mulls bid for Shell’s Australian downstream assets

Shell is ramping up efforts to sell assets after spending as much as $45 billion on projects and acquisitions in 2013

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Vitol Group mulls bid for Royal Dutch Shell’s Australian downstream assets-sources

by Nicel Jane Avellana: 8 Jan 2014

Two sources told Bloomberg that Vitol Group is thinking of making an offer for some of the Australian downstream operations of Royal Dutch Shell Plc. Based in Geneva, Vitol is the biggest independent oil trader in the world.

The people, who spoke on the condition of anonymity because the details are confidential, said that Vitol is evaluating assets like storage terminals, filling stations and an oil refinery located in Geelong. Two other sources have also told Bloomberg that buyout company TPG Capital and another group headed by Macquarie Group Ltd are thinking of bidding for the assets. 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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