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Iraq

Shell signs $11 billion deal to build petrochemicals plant in Iraq

Screen Shot 2015-01-06 at 21.26.38FROM REUTERS

Shell signs $11 billion deal to build petrochemicals plant in Iraq

(Reuters) – Royal Dutch Shell (RDSa.L) signed deal with Iraq worth $11 billion (7 billion pounds) to build a petrochemicals plant in the southern oil hub of Basra, Industry Minister Nasser al-Esawi said on Wednesday.

Esawi told a press conference in Baghdad the Nibras complex, which is expected to come on line within five to six years, would make Iraq the largest petrochemical producer in the Middle East. The factory’s expected output was not immediately clear.

Shell, which is one of the main oil majors operating in south of Iraq, signed a memorandum of understanding with the ministry for the project in 2012. read more

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Oil prices down by almost 50%

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From an article published by Bloomberg News Friday 2 Jan 2015

Oil dropped to the lowest in more than five and a half years amid growing supply from Russia and Iraq and signs of manufacturing weakness in Europe and China.

Oil output in Russia and Iraq surged to the highest levels in decades in December, according to data from both countries’ governments.

Prices slumped 46 percent in New York in 2014, the steepest drop in six years and second-worst since trading began in 1983…

The European oil fell 48 percent last year, the second-biggest annual loss on record behind a 51 percent tumble in the 2008 financial crisis. read more

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OPEC IN DISARRAY AS OIL PRICE TUMBLES

Screen Shot 2014-02-18 at 18.34.00Major Opec nations, Russia and US shale oil drillers now appear on the brink of a price war as these three giant producing blocs fight for a greater share of global demand. (Potentially disastrous news for Big Oil – ExxonMobil, Shell, BP, Chevron and Total)

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The Telegraph: World on brink of oil price war as Opec set to keep pumping

Extracts

Oil slumped on Wednesday as expectations that Opec will cut production faded following dovish remarks by cartel kingpin Saudi Arabia, which could signal the beginning of a price war. Crude traded in the US fell to as low as $74 per barrel as traders bet that Opec will allow the price to fall further amid growing signs of a global price war amid producers.

Major Opec nations, Russia and US shale oil drillers now appear on the brink of a price war as these three giant producing blocs fight for a greater share of global demand. 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 CEO on global turmoil’s impact

Screen Shot 2014-09-07 at 21.14.49Screenshots from a Fox Business video of an interview with Royal Dutch Shell CEO Ben van Beurden on 4 Sept 2014 shows the uncertainty that surrounds Shell. Mr van Beurden bluntly made it clear at the May 2014 Shell AGM that Shell’s priority is what is in the economic interests of Shell shareholders, not geopolitical concerns i.e. the invasion of Crimea. That explains why he happily bowed to Putin days after the annexation. Whatever the spin, ethics and moral issues are ruthlessly put to one side. The lack of scruples by companies such as Shell, has encouraged the Putin regime. Driven by the same motive, access to hydrocarbon reserves, Shell also connived with Hitler in his territorial ambitions. More recently, Shell traded with Iran despite US sanctions and Shell spin to the contrary. Like in relation to Shell’s claimed business principles, it is Shell’s deeds, not the mixed messages, which count. 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.

Oil explorers hit rock bottom

Screen Shot 2014-02-18 at 18.34.00Extract from an extensive FT article by Guy Chazan published 2 July 2014

International exploration and production companies – or E&Ps – were once stock market darlings. But E&Ps have lost their lustre. That is partly because they seem to have lost the knack of discovering oil.

FULL FT ARTICLE

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Marvin Odum speaks out

Article by M. Nadeem published 27 June 2014 by insider monkey.com under the headline: “Royal Dutch Shell plc’s Subsidiary Shell Oil Company President Marvin Odum Discusses Energy Industry State”

In a Fox News’ Opening Bell program on June 27, Shell Oil Company’s, a subsidiary of Royal Dutch Shell plc), President, Marvin Odum, talked about the current energy industry situation. Mr. Odum said that they are worried about raising oil prices, but, at the same time, they also understand that geopolitical events and other dynamics across the industry.

Talking about oil supply, Mr. Odum stated that there is no production impact as a result of what is going on in Iraq, and hopefully it will never happen. He also noted that “energy demand is doing nothing but increasing. And that’s even with tremendous efforts around efficiency, alternative fuels and everything else.” 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.

BP and Shell keep a watchful eye on events in Iraq

Screen Shot 2014-01-30 at 00.47.49Extracts from a This Is Money/Daily Mail article by Rob Reed published 27 June 2014 under the headline: “BP and Shell keep a watchful eye on events in Iraq as violence continues to escalate in the region”

The upward pressure on oil prices since terror group ISIS began its horrific offensive has been echoed by even bigger movements in the share price of firms with an Iraqi presence. The two British supermajors with a foot in Iraq are BP and Shell, the former operating the vast Rumaila field and the latter developing sister prospect Majnoon. Both have removed non-essential staff but say their operations, in the to-date peaceful oil-rich south of the country, have been unaffected. If Baghdad were to be overrun, that would be a different matter, but oil industry types are quietly hopeful that it won’t come to that. 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.

Royal Dutch Shell shameful record of appeasement

By John Donovan

For nearly a hundred years the Royal Dutch Shell Group has appeased and collaborated with evil regimes including Nazi Germany, Nigeria, Brunei, Saudi Arabia, Libya, Iran, Iraq under Saddam Hussein, Apartheid South Africa and with Putin of Russia, despite his annexation of Sakhalin2 and Crimea. Anything to earn a buck irrespective of ethics, human rights abuses and massive corruption. Astonishingly, Shell claims to operate with a set of business principles. Shell’s latest CEO, Ben van Beurden, is shown bowing to Putin on 18 April 2014,  soon after Russia had used force to annexe Crimea. No shame. No morals. Its just business. It is what Ben van Beurden describes as Shell’s “economic interests.”  Following in the foot steps of the founder of the Royal Dutch Shell Group, the ardent Nazi, Sir Henri Deterding.  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.

Iraq and Iran plot oil revolution in challenge to Saudi Arabia

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Iraq’s goal of pumping 9m barrels a day of crude could be a game changer for oil prices and British companies: British oil giants BP and Royal Dutch Shell are also poised to benefit from Iraq’s ambitious production plans. Both companies are already managing two huge oil fields in southern Iraq which are vital if Baghdad is to achieve its goal.

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By Andrew Critchlow: 1:32PM GMT 28 Jan 2014

 Iraq is poised to flood the oil market by tripling its capacity to pump crude by 2020 and is collaborating with Iran on strategy in a move that will challenge Saudi Arabia’s grip on the Organisation of Petroleum Exporting Countries.

“We feel the world needs to be assured of fuel for economic growth,” Hussain al-Shahristani, Deputy Prime Minister for Energy in Iraq told oil industry delegates attending a Chatham House Middle East energy conference. read more

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Shell-led consortium boosts production at Iraq’s prized Majnoon oil field

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By Associated Press, Published: October 6

BAGHDAD — An Iraqi official says a consortium led by Royal Dutch Shell has boosted production at a prized oil field in the country’s south to 175,000 barrels a day, speaking at a ceremony formally inaugurating commercial production.The head of the state-run South Oil Company, Dhia Jaafar, said Sunday that Shell and its partner, Malaysia’s state-run Petronas, plan to increase production from the nearly 12.5 billion-barrel Majnoon field to more than 200,000 barrels per day in early 2014.

It is located in Basra province, about 550 kilometers (340 miles) southeast of Baghdad.

The deal was awarded in Dec. 2009 with a pledge to reach 1.8 million barrels per day over 10 years. Then, production rated about 45,000 barrels per day. The consortium had to rehabilitate existing infrastructure and add new facilities.

Copyright 2013 The Associated Press. All rights reserved.

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.

An Uphill Climb for the Oil Giants

Screen Shot 2013-10-01 at 07.59.11The big international oil companies are going through a crisis little noticed by analysts and the markets. It is a crisis of results and of vision. Simply put, the majors — companies like Exxon Mobil, Royal Dutch Shell and BP — aren’t growing. They have discovered relatively little oil in recent years despite increasing investment.

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By LEONARDO MAUGERI: A version of this news analysis appears in print on October 1, 2013, in The International Herald Tribune.

CAMBRIDGE, Massachusetts — The big international oil companies are going through a crisis little noticed by analysts and the markets. It is a crisis of results and of vision.

Simply put, the majors — companies like Exxon Mobil, Royal Dutch Shell and BP — aren’t growing. They have discovered relatively little oil in recent years despite increasing investment. They also have lost their exclusive lock on the skills that made them indispensable to oil-producing countries. 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.

Iraq blames Shell for $4.6 bln lost income: letter

Iraq’s oil ministry, struggling with sputtering output, has blamed Anglo-Dutch energy giant Shell over $4.6 billion in lost revenue due to production delays, in a letter seen by AFP on Monday.

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BAGHDAD (AFP) 26 Aug 2013

Iraq’s oil ministry, struggling with sputtering output, has blamed Anglo-Dutch energy giant Shell over $4.6 billion in lost revenue due to production delays, in a letter seen by AFP on Monday.

The document, dated July 21, 2013, sharply criticises the foreign energy firm for shortfalls in oil extraction at the giant Majnoon field in south Iraq, and comes as oil exports have fallen to their lowest level in 16 months even as Baghdad has looked to cement its role as a key global energy producer. 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.

The hunt for WMDs in the oil price process

Screen Shot 2013-07-09 at 12.35.14Monday, July 08, 2013: The EC raid on the offices of BP, Shell and Statoil on May 14th seeking evidence of oil price manipulation has created a level of consternation not seen since the hunt for weapons of mass destruction (WMDs) in Iraq. If the WMDs had been there they would probably have been found. The difference with the search for evidence of oil price fixing is that, if it is there, it will be very difficult to recognise. If the evidence does not actually exist, it would be easy to mistake the actions of traders going about their lawful, if complex, business for market abuse. 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.

Iraq’s 2013 oil target within reach, 2014 to disappoint

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Fri Jun 21, 2013 10:39am EDT

* Production flatlines at 3 mln bpd in first half

* Target of 3.4 mln by end year “doable”

* New oilfields due on stream include Shell’s Majnoon

* 2014 goal of 4.5 mln bpd seen as unachievable

By Peg Mackey and Alex Lawler

LONDON, June 21 (Reuters) – Iraq’s oil output target for 2013 is still within reach, even with flows stuck at 3 million barrels a day during the first half of the year, but a lofty goal for 2014 will be far more difficult to meet, oil executives and officials say. read more

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First Production from Iraq’s Majnoon Field

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By Sarah Ken: June 18, 2013

LONDON–First production from Iraq’s Majnoon field is expected in July, Thamir Ghadbhan, top energy advisor to Iraqi Prime Minister Nouri al-Maliki said Tuesday.

The giant Majnoon oil field is being developed by a consortium led by Royal Dutch Shell PLC …

FULL ARTICLE

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Shell to Start Iraq Oil Output Amid Plans for Saudi Investments

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By Maher Chmaytelli and Nayla Razzouk: May 16, 2013

Royal Dutch Shell Plc (RDSA) will start producing crude at Iraq’s Majnoon oil field as early as next month and plans to increase energy investments in Saudi Arabia, its regional vice president said.

Output from Majnoon, one of Iraq’s largest oil fields, will start “around mid-year” and increase to 175,000 barrels a day by the end of 2013, Mounir Bouaziz said in an e-mailed response to questions. In Saudi Arabia, Shell is holding talks with officials on a project to develop natural gas from the kingdom’s Kidan field in the Rub al-Khali, or Empty Quarter, he said. 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.

News on Irish oil and gas exploration 5 May 2013

News on Irish oil and gas exploration kindly supplied by a regular contributor

ExxonMobil kicks off Irish drilling campaign: Financial Times-But the US oil major and its partners will be hoping to successfully replicate the …. But the field, acquired by Shell, has attracted a wave of local …

US explorer Kosmos may spend $200m on Irish wells: Irish Independent-Apr 18, 2013 -Ireland’s oil and gas exploration sector got a further boost after New York-based firm Kosmos Energy agreed to fund a potential $200m-plus …

Irish Oil Is Smiling: Country May Slash Imports – CNBC.com: CNBC.com-Apr 20, 2013: Tony O’Reilly, CEO of Providence Resources, says Ireland could become the next big thing in oil and gas and that major explorationprograms … read more

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Shell Starts World’s Largest Gas-Capturing Plant in Iraq

Screen Shot 2013-03-05 at 14.17.28 By Kadhim Ajrash & Nayla RazzoukMay 1, 2013 1:32 PM GMT+0100

Royal Dutch Shell Plc. (RDSA) and Mitsubishi Corp. (8058) started operations at a $17-billion joint venture to capture gas from some of Iraq’s largest oil fields.

The Basrah Gas Co. project, the biggest of its kind, captures so-called associated gas flared from the southern oil fields of Rumaila, West Qurna-1 and Zubair, according to a statement on Shell’s website. Iraq’s state-owned South Gas Co. holds a 51 percent stake in the 25-year venture, while Shell owns 44 percent and Mitsubishi the remainder. read more

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Iraq, Royal Dutch Shell kick off major gas project in oil-rich south

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By Associated Press, Updated: Wednesday, May 1, 1:16 PM

BAGHDAD — Royal Dutch Shell says it has officially kicked off a multibillion-dollar project to tap natural gas in Iraq’s south.The $17 billion joint venture will gather, process and market associated gas, a by-product of producing oil, from three oil fields in the petroleum-rich province of Basra.

Iraq holds 51 percent in the 25-year partnership while Shell holds 44 percent and Japan’s Mitsubishi holds 5 percent. The gas will be used mainly for domestic energy needs, but there is also an option for exports. Wednesday’s announcement was published on Shell’s website. read more

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Shell, Mitsubishi Will Start Iraq Plant on April 15

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By Khalid Al-Ansary and Nayla Razzouk on April 11, 2013

Royal Dutch Shell Plc (RDSA) and Mitsubishi Corp. (8058) will start capturing gas from Iraq’s oil fields next week in a $17 billion project known as Basra Gas Co.

“Basra Gas Co. will start operations officially on April 15,” said Ali Hussain Khudayir, director general of South Gas Co., which represents the Iraqi government’s controlling stake in the Basra Gas Co. venture.

The plant will produce 400 million cubic feet (11 million cubic meters) a day from next week, climbing to 2 billion cubic feet a day by 2017, Khudayir said on March 27. The facility will capture so-called associated gas from the Zubair, Majnoon and West Qurna-1 oil fields in southern Iraq. 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.

Selection of links to Shell related articles 1 April 2013

Selection of links to Shell related articles kindly supplied by a regular contributor

Niger Delta fishermen want N4.32b from Shell: P.M. News-We are appealing to Federal Government, Shell Company and NOSDRA to look into the hardship caused by the oil spill on our members in the …

Kiobel case: Corporate accountability for human rights abuses: Aljazeera.com-… environmental and social justice surrounding oil exploration by Royal Dutch Shell and its subsidiaries in the Ogoni region of the Niger Delta….

Car that gets 100 mpg? U of I students say so: STLtoday.com-… designed a two-seat car that could reach 100 miles per gallon, which they plan to present at a competition sponsored by the oil giant Shell. 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 to invest $1 bln at big Iraq oilfield: official

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Arif Mohammed, Reuters: Saturday, 16 March 2013

Royal Dutch Shell will spend more than $1 billion this year developing one of Iraq major oilfields, where it will resume operations on May 1, officials said on Saturday.

“The figure for the budget will exceed one billion dollars,” said Mehdi Badi, the head of the joint management committee for the field.

The Majnoon field was shut down in June for maintenance and to bring new production facilities online.

When it comes back on stream, initial output will be 100,000barrels per day (bpd), which will quickly rise to 200,000, Oil Minister Abdul Kareem Luaibi said on Saturday. 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.

Selection of Shell related article links 19 January 2013

Selection of Shell related article links kindly supplied by a regular contributor

Scope of damage to Shell drill vessel more clear: Alaska Dispatch-The Kulluk, a floating rig that’s been used in Shell’s offshore oil and gas exploration in Alaska’s Arctic, suffered damage “consistent with what is …

The Cordova Times – Opinion: We’ve been warned: Cordova Times-Jan 18, 2013

Algeria’s oil and gas industries pillars of its economy: Irish Times-The huge oil and gas industries are pillars of the Algerian economy. … Statoil, Gazprom and Shell retaining a big presence despite a 1971 … 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 did not sign Kurdish deal, Baghdad says

: Sept 28, 2012

Baghdad has denied reports Royal Dutch Shell will become the latest oil major to set up shop in the autonomous Kurdish north.

“We don’t have any discussions with the Kurdish regional government [KRG] about working in the region,” a statement released by the office of Iraq’s deputy prime minister for energy quotes Hans Nijkamp, a Shell vice president, as saying.

According to the statement, Mr Nijkamp also described as “inaccurate” reports that the oil major was set to follow its competitors ExxonMobil, Total and Chevron into the autonomous north. 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.

Iraq Says Shell Denies Talks With Kurds on Energy Projects

By Kadhim Ajrash on September 26, 2012

Royal Dutch Shell Plc (RDSA) said it isn’t in talks with authorities in Iraq’s semi-autonomous Kurdish region about energy projects in the northern area, a government spokesman said.

Hans Nijkamp, Shell’s country chairman for Iraq, spoke during a meeting with the deputy prime minister for energy affairs, Hussain al-Shahristani, today in Baghdad, Faisal Abdullah, Shahristani’s spokesman, said in an e-mailed statement.

To contact the reporter on this story: Kadhim Ajrash in Baghdad at [email protected] read more

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Iraq says Shell denies oil talks with Kurdistan

Wed Sept 26, 2012 12:50pm EDT

* Baghdad angry over reports Shell in talks -govt sources

* Shell says that in time it wants to work in all of Iraq

(Reuters) – Iraq said on Wednesday that Royal Dutch Shell has denied starting talks with Iraqi Kurdistan to sign energy deals with the semi-autonomous region.

Sources told Reuters last week that Shell was exploring possibilities in Iraqi Kurdistan, encouraged by the example of rivals who were risking Baghdad’s anger by moving into the northern region while developing oilfields in the south.

“We don’t have any discussions with the Kurdish regional government about working in the region,” Shell’s vice-president Hans Nijkamp told Iraq’s Deputy Prime Minister for Energy Hussain al-Shahristani, according to a statement from Shahristani’s office. read more

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Shell says may miss 2012 Majnoon output target

DUBAI, Sept 18 | Tue Sep 18, 2012 3:33pm IST

(Reuters) – Royal Dutch Shell’s Majnoon oilfield in Iraq, hampered by pipeline construction delays, may miss a 2012 target of 175,000 barrels per day.

“It would be fair to say the progress has been slower than we originally hoped,” Mark Carne, executive vice president for Middle East and North Africa at Shell Upstream International, said on Tuesday.

“But I am very pleased with how the project is developing.”

Asked if the 2012 target of 175,000 barrels per day could slide into next year, Carne said: “It is certainly plausible”. 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.

Selection of links to Shell related articles

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.

Exclusive: Iraq pipeline delays threaten Shell’s Majnoon

Published: Sunday, 26 Aug 2012 | 9:40 AM ET BAGHDAD (Reuters) – Delays in Iraq’s pipeline construction threaten to stall production at Royal Dutch Shell’s <RDSa.L> Majnoon oilfield for at least three months, forcing the field to miss a 2012 target of 175,000 barrels per day, oil ministry documents showed.Wary of losses, Shell has asked Iraq for a waiver to start recovering costs if Majnoon does not meet its first commercial production target by year-end – a contract requirement before costs can be retrieved, according to documents seen by Reuters.

Shell’s troubles illustrate infrastructure hurdles facing oil operators in the OPEC nation. Some oil majors have begun signing deals with Iraq’s autonomous Kurdistan region, which they say offers more attractive conditions than the country’s federal government in southern oilfields.

Majnoon is shut for maintenance. But lagging development could put off completion of the new pipeline until the first quarter of next year, according to a Shell document filed with the oil ministry. read more

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Shell to start pumping gas at southern Iraq project

BAGHDAD | Wed Jul 11, 2012 12:10pm EDT

(Reuters) – Royal Dutch Shell (RDSa.L) plans to start pumping gas from its gas joint venture in southern Iraq in the next three weeks at 60 million cubic feet per day, Iraq said on Wednesday.

Shell and Mitsubishi Corporation (8058.T) signed a $17 billion deal with Iraq last November to capture flared gas at the country’s southern oilfields, which burn off more than 700 million cubic feet of gas per day.

Hans Nijkamp, Shell vice-president and head of the company’s Iraq projects, told Iraq Deputy Prime Minister for Energy Hussain al-Shahristani that output would be increased by a further 40 million cubic feet a day several weeks after pumping starts, a statement from Shahristani’s office said. read more

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Shell joins 3rd BASRA OIL & GAS INTERNATIONAL CONFERENCE & EXHIBITION

Shell joins 3rd BASRA OIL & GAS INTERNATIONAL CONFERENCE & EXHIBITION

WORKING LINKS

CLICK to book your seat

Click to request more information about the event

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LEAKED CONFIDENTIAL SHELL MAJNOON OIL FIELD REPORT

LEAKED SHELL MAJNOON OIL FIELD (IRAQ) 25 PAGE WEEKLY SITE REPORT “MAJNOON HAPPENINGS” DATED 10 JUNE 2012

TEXT HIGHLIGHTED IN RED: “The information included in the report is confidential

 25 PAGE CONFIDENTIAL REPORT

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From Battlefield to Oilfield

Searching for buried explosives inch by inch across a landmass the size of Bahrain is all part of a day’s work for Ken Portanger, Shell Iraq’s Explosive Removal team lead. Littered with mines, grenades, missiles and other deadly munitions, the Majnoon site is a stark reminder of the field’s turbulent past.

Located along the border of Iraq near Iran, Majnoon (“crazy” in Arabic) is a super major oilfield which has seen its fair share of crazy times. It was the site of major land battles during the Iran-Iraq war in the 1980’s. These battles took their toll on the field’s oil production facilities, but also the neighbouring communities. Shell started work on the Majnoon field development project in early 2010.  First it had to clean the field’s explosive past, by literally sifting through the sands of time. 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 Says Speeding Up Work on Using Flared Iraqi Natural Gas

Royal Dutch Shell Plc (RDSA) said it’s speeding up work on a project to capture natural gas from oilfields in southern Iraq and that it has signed an initial agreement to develop a petrochemical plant based on ethane.

“All hands on deck to catch up with time lost” after more than a year of negotiations to sign the $17 billion gas-capture agreement ended in November, Mounir Bouaziz, Shell’s Middle East vice president for new business, said today at a conference in Istanbul.

Iraq is now flaring gas produced in association with crude oil because it lacks the infrastructure to use it as fuel for electricity plants or feedstock for the petrochemical industry. read more

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Qatar Has World in Its Sights for Power Projects

Qatar also signed an initial agreement with local Chinese authorities, the Chinese state-run oil company C.N.P.C. and Royal Dutch Shell to be part of a petrochemical and refining complex in China, the world’s second-biggest oil consuming nation.

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Iraq oil hub Basra wants bigger say, more autonomy

Officials in Iraq’s southern oil hub Basra are trying to cancel a $17 billion Shell gas deal…

By Rania El Gamal

BASRA, Iraq | Mon Dec 5, 2011 7:43am EST

Dec 5 (Reuters) – Officials in Iraq’s southern oil hub Basra are trying to cancel a $17 billion Shell gas deal because they want a bigger say, highlighting the pressure on central government to ease its control over the provinces.

Basra, where dozens of international oil companies signed up to develop some of Iraq’s largest oilfields, is increasingly restless with the slow pace of development in the province and wants more control over its natural resources and revenues. read more

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Corrib – Ireland’s Last Offshore Development for a Generation

Printed below is an article by Tony Allwright, a retired Irish Shell EP manager. (SOURCE ARTICLE)

26 November 2011

Protests – overwhelmingly unfounded and politically unchallenged –
have trebled the cost of developing Ireland’s offshore Corrib gasfield.
This huge “
political risk” will deter further such investments for a generation.

Many years ago, in the late 1970s and early 1980s, there was a Dutch company with an Irish name, Shell Teoranta BV, whose raison d’être was to seek and hopefully find oil offshore Ireland (“Teoranta” is Irish for ““Limited”).  It drilled a number of wells – for  example, on 19th December 1979, the Irish Times featured a photo of a jack-up rig drilling an exploration well just offshore Dublin – but to no avail.  All the holes were dry.  Concluding that Ireland was a lost cause, Shell Teoranta packed its bags and shut up shop, though not before claiming a huge write-off from the Dutch taxpayer for all its futile Irish expenditure, a provision of Netherlands law which explains why Shell Teoranta was registered there. Shell reckoned it had better uses for its shareholders’ money than to fritter it away on the ultra-long-shots of Irish exploration. read more

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Iraq inks $17 bn gas joint venture deal

By Ammar Karim (AFP) Sunday, 27 November 2011

BAGHDAD — Iraq finalised a $17-billion joint venture deal with Shell and Mitsubishi to capture and process gas from its southern oil fields, at a ceremony at the oil ministry on Sunday.

The deal was signed by Shell CEO Peter Voser, Mitsubishi Vice President Tetsuro Kuwabara and Iraqi Oil Minister Abdelkarim al-Luaybi.

“Today’s event represents a big change in the oil industry,” Luaybi said, adding that the deal constitutes the best use of the gas in line with Iraq’s needs. read more

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Shell, Iraq Sign Agreement for $17 Billion Project to Develop Natural Gas

By Kadhim Ajrash and Khalid Al-Ansary – Nov 27, 2011 2:08 PM GMT

Iraq, seeking to boost power output after years of conflict and sanctions, signed the final accord for a $17 billion project with Royal Dutch Shell Plc (RDSA) to capture natural gas at oil fields.

Shell Chief Executive Officer Peter Voser and Oil Minister Abdul Kareem Al-Luaibi signed the agreement to produce gas that is currently flared off at fields in southern Iraq, in a ceremony today in Baghdad.

Under the 25-year agreement, the government will hold a 51 percent stake in a venture called South Gas Co., while Shell will have 44 percent. Mitsubishi Corp. (8058) is also a partner in the project and will hold the rest. South Gas will help collect more than 2 billion cubic feet (57 million cubic meters) of fuel a day at the Rumailah, Zubair and West Qurna fields in southern Iraq, Deputy Oil Minister Ahmad al-Shamaa said Nov. 16. read more

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Shell Could Replace Exxon in Southern Iraq

NOVEMBER 21, 2011

By HASSAN HAFIDH

BAGHDAD—The Iraqi oil ministry could ask Royal Dutch Shell PLC to develop Iraq’s supergiant West Qurna Phase 1 oil field in southern Iraq, if the government decides to terminate Exxon Mobil Corp.’s contract after it signed a deal to explore for oil in the Kurdish region of the country, a senior Iraqi oil official said Monday.

“We have many options,” said Abdul Mahdy al-Ameedi, head of the ministry’s petroleum contracts and licensing directorate, when asked what the ministry would do if the West Qurna 1 oil field contract with ExxonMobil is canceled. 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 pulls out of Kurdistan oil talks – FT

LONDON | Wed Nov 16, 2011 7:39pm EST

Nov 17 (Reuters) – Royal Dutch Shell Plc has pulled out of oil-development talks with the Kurdistan regional government in an effort to protect lucrative investments in southern Iraq, the Financial Times reported on Thursday.

The newspaper cited people familiar with the discussions as saying Baghdad is seeking to impose a de facto ban on companies operating in Kurdistan, a semi-autonomous region in northern Iraq.

Over recent days Iraqi government officials have threatened to cancel an existing oil field contract with Exxon Mobil Corp and on that basis, Shell’s move is precautionary to protect a potential $17 billion natural gas deal, according to the FT’s sources. 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 pulls out of Kurdistan oil talks

FINANCIAL TIMES

November 16, 2011 10:05 pm

By Sylvia Pfeifer and Javier Blas in Erbil, northern Iraq

Royal Dutch Shell has pulled out of oil-development talks with the Kurdistan regional government in an effort to protect lucrative investments in southern Iraq, including a potential $17bn natural gas deal.

FULL FT ARTICLE

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Iraqi Cabinet Approves Royal Dutch Shell’s Natural Gas Contract

By

Published: November 15, 2011

BAGHDAD — Iraq’s cabinet approved a multibillion-dollar contract on Tuesday for Royal Dutch Shell, the Anglo-Dutch energy giant, to collect the vast amount of natural gas emitted, and currently burned off, as oil is pumped to the surface at three major oil fields in the south.

The project, which will eventually greatly reduce Iraq’s greenhouse gas emissions, is intended to bring modern methods of managing oil fields to an industry frozen in time by sanctions and the war. In addition, it strengthens Shell’s foothold at a time when international petroleum companies are vying for advantage in one of the few regions of the world where easily accessible, on-land fields are opening to new investment. 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.

Iraq Approves $17 Billion Contract for Gas Capture With Shell, Mitsubishi

By Nayla Razzouk – Nov 15, 2011 12:16 PM GMT

Iraq’s cabinet approved a $17 billion contract with Royal Dutch Shell Plc (RDSA) and Mitsubishi Corp. (8058) for the capture of natural gas at three oil fields in the south of the country, a government spokesman said.

“The government has a 51 percent stake in the partnership, and the companies 49 percent, including 44 percent for Shell and the rest for Mitsubishi,” Ali Al-Dabbagh said today by telephone from Baghdad. “The agreement is for 25 years.” read more

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Shell Is ‘Very Interested’ in Renewing Abu Dhabi Oil Rights

By Anthony DiPaola – Oct 31, 2011 2:47 PM GMT

Royal Dutch Shell Plc (RDSA) is “very interested” in renewing its right to pump oil in a venture with Abu Dhabi’s state-run crude producer after its concession there expires in 2014, an executive with the Anglo-Dutch company said.

Shell wants to develop natural-gas resources in the sheikhdom to help meet rising domestic demand and to bolster its partnership there, John Barry, the company’s country chairman in the Persian Gulf emirate, said at a conference in Abu Dhabi. read more

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Royal Dutch Shell interfering with politics

From pages 41, 42, 43 & 44 of “Royal Dutch Shell and its sustainability troubles” – Background report to the Erratum of Shell’s Annual Report 2010

The report is made on behalf of Milieudefensie (Friends of the Earth Netherlands)
Author: Albert ten Kate: May 2011.

Interfering with politics

Improper involvement?

Oil and politics have a lot to do with each other. The home states of Royal Dutch Shell are the United Kingdom and the Netherlands. These countries might want to secure their oil/gas imports and the economic benefits of having an international oil company based within their territory. These interests might overpower ethical interests, such as the protection of human rights in countries hosting the oil company. Home states often might have the same business interest than “their” oil companies. 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.

Big oil companies may have to give up Iraq gas

Mon Aug 29, 2011 10:25am EDT

By Ahmed Rasheed and Daniel Fineren

DUBAI (Reuters) – Many of the world’s biggest energy companies may have to surrender most of the gas from Iraq’s vast southern oilfields to a processing and export project led by Shell, a final draft contract between Baghdad and Europe’s biggest company, obtained by Reuters, shows.

Oil giants including Royal Dutch Shell (RDSa.L: Quote), BP (BP.L: Quote), U.S.-based Exxon (XOM.N: Quote), China’s CNPC, and Italy’s Eni (ENI.MI: Quote) signed technical service contracts to develop three oilfields in southern Iraq in 2009-2010. 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.

Cost hike on Shell Iraq deal

upstreamonline.com

Cost hike on Shell Iraq deal

Iraq’s gas deal with supermajor Shell, to capture and exploit associated gas from its giant southern oilfields, is expected to produce 2 billion cubic feet per day and cost $17.2 billion, according to an official agreement summary.

Aleya Begum 16 August 2011 09:38 GMT

The figures were reported by Dow Jones, who obtained a copy of the summary agreement.

The Iraqi Oil Ministry signed a final draft deal with Shell and Japan’s Mitsubishi last month, to develop gas production in a number of giant oilfields in the Basra region of southern Iraq. 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.

Why is Shell still present and operating in Syria?

Syrian President Bashar al-Assad.

By John Donovan

EXTRACT FROM EMAIL WE RECEIVED ON 14 August 2011

In light of US demands on the international community that the EU and others break their ties with Syria, you may wish to investigate why Shell is still present and operating as usual in Syria. Unlike most foreign investors and operators that pulled out of Tunisia, Libya, Egypt and other countries at the first signs of government repression, Shell and its expatriate staff have remained in Syria to this day. 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.

Iraq initials $12-bln Shell gas deal-sources

* Talks had been stalled since 2008 over legal issues

* Gas needed to help with Iraq’s chronic power shortage

By Rania El Gamal

BAGHDAD, July 12 (Reuters) – Iraq initialled a final contract on Tuesday with Royal Dutch Shell (RDSa.L) and Mitsubishi for a $12 billion deal to capture flared gas at southern oilfields, two sources close to the deal said.

The long-awaited deal still needs the approval of Iraq’s cabinet.

The signing took place in a closed meeting without media despite last-minute confusion over whether it was going to happen. Two sources told Reuters on Sunday the oil ministry had scheduled the signing for Tuesday, but then on Monday the ministry announced it would be delayed without giving a reason. 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.