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Posts on ‘March 31st, 2015’

Royal Dutch Shell To Delay Drilling Of Australian Well

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By: MICHEAL KAUFMAN
Published: Mar 31, 2015 at 1:57 pm EST

Royal Dutch Shell plc. (ADR) (NYSE:RDS.A) has postponed its $100 million-plus exploration well in Australia’s north-east cost. The Den Haag-based energy company’s project known as the Cronus-1 was initially scheduled to start drilling in the first quarter of 2015 in the Browse basin. However, now the project has been postponed, reportedly till the end of this year.

Many are speculating that the project is postponed because of more than 50% plunge in the crude oil prices since June 2014. A spokesman of Shell denied that the decline in crude oil prices has resulted in postponing the Cronus project. However, the spokesman failed to give any reason for the delay. read more

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Ice gas could be huge for NZ – Shell boss

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By Grant Bradley Aviation, tourism and energy writer for the Business Herald

New Zealand’s next energy game changer could be the “super resource” of gas hydrates, says Shell New Zealand chairman Rob Jager.

Speaking to the Advantage New Zealand Petroleum Summit yesterday, he said “ice gas” beneath the sea off the coasts were recognised internationally as having significant potential as a future energy resource.

“One [government study] explains this resource could possibly be about 10 times as big as the giant Maui gas field when it was first found,” Jager said. “GNS science says we have some of the biggest deposits of ice gas in the world, with the potential to meet all New Zealand’s needs and create a gas export for decades.” read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

Iran riches coveted by big oil after decades of conflict

Extracts from a Bloomberg article published 31 March 2015

Iran riches coveted by big oil after decades of conflict

Now, as Iran and the US enter 11th hour negotiations to reach a nuclear deal and ease sanctions, the West Asian country is emerging again as a potential prize for western oil companies such as BP, Royal Dutch Shell Plc, Eni SpA and Total SA.

The restoration of Western oil investment appears to be a priority for Iran in its nuclear talks with the U.S., U.K, France, Germany, Russia and China. A year ago, the new Iranian President Hassan Rouhani used a speech during the World Economic Forum in Davos to court the European oil majors. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com
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