Royal Dutch Shell Group .com Rotating Header Image

Posts on ‘May 21st, 2014’

Shell announces sale of Eagle Ford acreage, South Texas

Screen Shot 2013-12-22 at 19.09.5221 May 2014

Royal Dutch Shell plc (“Shell”) announced today it has agreed to sell its 100 percent working interest in approximately 106,000 net acres in Dimmit, LaSalle, and Webb Counties, Texas to Sanchez Energy Corporation for approximately $0.639 billion, subject to closing.

The sale includes approximately 176 operated producing wells and associated field facilities and infrastructure. Net production in Q1 2014 was approximately 24,000 barrels of oil equivalent per day, with approximately 60 percent crude and natural gas liquids. 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 Saudi relationship in serious danger?

The Washington Post has reported today that the Dutch foreign minister Frans Timmermans is considering flying to Saudi Arabia in an attempt to defuse the situation, which includes threats of looming sanctions against Dutch interests, including Royal Dutch Shell.

By John Donovan

Royal Dutch Shell Group has had a long relationship with the Saudi regime.

In the USA, Motiva Enterprises is a joint project of Shell and Saudi Aramco. The company owns three refineries and 35 refined product terminals.

Extract from the Motiva website

Motiva markets Shell gasoline in 49 states and the District of Columbia together with Shell Oil Products US. Together we lead the industry in national retail volume and market share in one of the world’s best known gasoline brands. We also refine and market gasoline and other petroleum products under the Shell brand across the eastern and southern parts of the US, providing product to over 8,200 Shell-branded retail outlets. 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.

Kashagan ‘Cash All Gone’ Pipeline Debacle

Shell has been a key participant in the Kashagan project consortium which includes Eni and ExxonMobil. Given its notorious track record of over-promise and under delivery, having Shell involved is a bad omen for any elephant project.

By John Donovan

The latest news from the “Cash All Gone” project (as it is widely known) is that due to the need to replace fatally flawed leaking pipelines, the oilfield may not restart until 2016. 

The project is already years behind schedule and countless billions over budget.

I have received some related comment and questions from a retired Royal Dutch Shell EP expert that deserve to be put into the public domain.

Shell has been a key participant in the Kashagan project consortium which includes Eni and ExxonMobil. Given its notorious track record of over-promise and under delivery, having Shell involved is a bad omen for any elephant project.  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.

Kashagan oilfield may not restart until 2016

Screen Shot 2014-04-06 at 21.01.34Extracts from a Reuters article by Mariya Gordeyeva published 21 May 2014 under the headline: Kashagan oilfield may not restart until 2016, Kazakh minister says

May 21 (Reuters) – Oil output at Kazakhstan’s giant Kashagan field may not resume until early 2016, Kazakh Oil and Gas Minister Uzakbai Karabalin said on Wednesday, urging foreign partners to start replacing leaky pipelines at the deposit. Production at Kashagan, the world’s biggest oil find in 35 years, started last September but halted in early October after the discovery of gas leaks in the $50 billion project’s pipeline network. The North Caspian Operating Company (NCOC), which develops the offshore field in the Caspian Sea, said last month that it did not expect to produce oil this year due to the leaks. “It (production) may restart by the end of 2015 if all goes well,” Karabalin told Reuters on the sidelines of the Astana Economic Forum. “Otherwise, it may turn out to be early 2016. NCOC includes Eni, Exxon Mobil, Royal Dutch Shell, Total, China’s CNPC, Japan’s Inpex and Kazakh state-run company KazMunaiGas. 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.

Woodside Scraps $2.6 Billion Israeli Gas Deal as Talks Fail

Extract from a BloombergBusinessweek article by James Paton published 20 May 2014

Woodside Petroleum Ltd. (WPL), Australia’s second-biggest oil and gas producer, scrapped an agreement to buy a quarter of Israel’s largest natural gas field for as much as $2.6 billion after talks to complete the deal collapsed.

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.

Total oil debts to Iran exceeds $ 4 bln

Extracts from a Trend article by Umid Niayesh published 20 May 2014

Royal Dutch Shell also has not settled its debts without unveiling further details. Previously Iranian media outlets reported that the country’s oil minister Bijan Namdar Zanganeh has tasked a working group with collecting $2.3 billion debt from Royal Dutch Shell. Shell lost money trading Iranian crude in 2012 shortly before a European Union embargo and still owes $2.3 billion to Tehran for oil purchases.

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 Says It’s Considering Climate Change Risks And Trying To Reduce Flaring In Nigeria

Extracts from a International Business Times article by Meagan Clark published 20 May 2014

Netherlands-based oil giant Royal Dutch Shell told investors in the Hague on Tuesday that the company considers climate change in its decisions and that its efforts to reduce natural gas flaring in Nigeria, a main cause of pollution in West Africa, are being hindered by a lack of government funding. “We’ve sold assets for $1.8 billion in the last few years, and we have further licenses for sale,” van Beurden said. “This is not an exit from Nigeria. We are still making selected growth investment onshore, and the pace of these projects will be largely determined by continued government funding.” 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’s new pay structure criticised

Peter Voser

Peter Voser

Extract from a Financial Times article by Michael Kavanagh published 20 May 1014

A sharp fall in the pay of outgoing chief executive Peter Voser last year failed to quell discontent among some investors at Royal Dutch Shell over rewards offered to its top staff.

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.
%d bloggers like this: