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October 21st, 2017:

Iraq may offer Total, Chevron terms different from Shell for Majnoon field development

OCTOBER 21, 2017

BAGHDAD (Reuters) – Iraq may offer Chevron (CVX.N) and Total (TOTF.PA) terms to develop the Majnoon oilfield different from those it had given to Royal Dutch Shell (RDSa.L), Iraqi Oil Minister Jabar al-Luaibi said on Saturday.

Iraq will develop the Majnoon oil field in southern Iraqi by its own means until it can find a foreign partner, Luaibi told reporters, adding that no company has been selected yet.

Luaibi said on Oct. 9 that Chevron and Total are among the companies that have expressed interest in developing Majnoon that Shell has said it wants to leave because of unfavourable changes to fiscal terms. read more

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Shell to offload Norwegian pipeline and part of gas plant

The oil major has entered into an agreement to sell its 9% share of the Polarled gas pipeline which connects Statoil’s Aasta Hansteen field in the Norwegian North Sea with the Nyhamna gas processing plant.

Shell plans to sell the stake to CapeOmega AS, which is owned by European acquisition fund HitecVision.

The deal also includes £% of the 15.03% stake in the Nyhamna gas plant, one of the largest of its kind on the Norwegian continental shelf.

The transaction is expected to be completed by 2017, subject to approval by the Ministry of Petroleum and Energy and the Ministry of Finance. read more

This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

We contributed $29bn to Nigeria in four years – Shell

Simon Utebor, Yenagoa

Shell Petroleum Development Company has said that its economic contribution to the Nigerian government in four years is $29bn.

The company’s General Manager, External Relations, Mr. Igo Weli, made this known in Yenagoa, the Bayelsa State capital, during the 2017 Swamp West Hub Integrated Stakeholders Engagement Forum for Tarakiri/Egbema/Oporoma Community Leadership.

Weli , represented by the Assets Manager, Swamp West Hub, SPDC, Mr. Mesh Maithibi, also said the company contributed $1.8bn to the Niger Delta Development Company’s funds within the period for the development of communities in the region. read more

This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Shell: 90 % of Degradation in N’Delta Caused by Oil Theft, Sabotage

By Emmanuel Addeh in Yenagoa: 21 Oct 2017

The Shell Petroleum Development Company (SPDC) says the degradation of the environment in the Niger is mainly due to spillages from the activities of crude oil thieves, sabotage of facilities, illegal refining and other third party interferences, rather than negligence by the company.  

Representatives of the oil multinational firm who spoke in Yenagoa, Bayelsa State, during the 2017 West Hub Integrated Stakeholders Engagement Forum for Tarakiri/Egbemo/Oporomor communities, urged all stakeholders to rethink the destruction being done to the environment with a view to effecting the needed change.    read more

This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.