President Luiz Inacio Lula da Silva is considering whether to create a new state-run oil company to manage oil production from new "subsalt" reserves, but foreign oil firms like Royal Dutch Shell Plc (RDSa.L) will still have a major role in production.
Brazil
Brazil landless peasants aim to extend fight to oil
Petrobras, Shell Win Onshore Blocks in Brazil Auction
Dec. 18 (Bloomberg) -- Petroleo Brasileiro SA, Royal Dutch Shell Plc and Galp Energia SGPS SA were among the biggest winners at Brazils 10th-annual oil-rights auction today.
Brazil to Auction Oil Blocks as Offshore Rules Face Revisions
Almost 50 companies have qualified to take part in the two- day auction. Seventeen international companies include U.S.-based Exxon Mobil Corp. and Hess Corp., Royal Dutch Shell Plc, the U.K.s BP Plc, and Galp Energia SGPS SA of Portugal. The 30 participating Brazilian companies include Petroleo Brasileiro SA, Brazils state-controlled oil company, and OGX Petroleo e Gas Participacoes SA.
Shell to Start Brazil Pre-Salt Drilling Late 2009, Valor Says
Nov. 7 (Bloomberg) -- Royal Dutch Shell Plc plans to start drilling Brazilian deepwater oil finds below a salt layer at the end of 2009 in the Epitonio field, in the BM-S-54 block, Valor Economico reported, without saying where it got the information.
Japan Inpex acquires Brazil block stake from Shell
TOKYO, Nov 4 (Reuters) - Japan's top oil and gas explorer, Inpex Corp said on Tuesday it has received the Brazilian authorities' approval to acquire a 20 percent interest in offshore block BM-C-31 in Brazil from Royal Dutch Shell.
Brazil poised to become oil superpower
Brazilian officials insist any new oil company would not actually drill, but negotiate production-sharing agreements between Petrobras and private partners, which already include Royal Dutch Shell, BG Group Plc, and a division of Galp Energia, Portugal's biggest energy company.
Sharewatch: BG Group
Last week Origin confirmed it had received other approaches, with likely suitors said to be oil giants Royal Dutch Shell and BP. Analysts speculate BG may raise its offer to clinch the deal.
Brazil oil workers start strike, halting most output
Royal Dutch Shell, Repsol-YPF and Devon Energy Corp are already pumping crude in Brazil. Dozens of other companies are looking for oil in Latin America's largest country.
“This oil is ours, it belongs to the people, not Petrobras or Shell…”
July 9 (Bloomberg) -- Brazilian PresidentLuiz Inacio Lula da Silva may boost the government's stake in oil fields after the largest discovery in the Americas since 1976 prompted a review of rules for how petroleum deposits are developed.
New regime sought by big hitter
When news first broke late last year of the discovery of potentially massive deposits of oil and natural gas off the Brazilian coast, Dilma Rousseff, chief of staff to President Luiz Inácio Lula da Silva and a former energy minister, predicted Brazil would soon become "a new Saudi Arabia"
In the wake of Shell “lies corruption, despoliation and death”: Andrew Rowell in his remarkable article “Unloveable Shell, the Goddess of Oil”
In view of the overnight news from Nigeria it seems an appropriate time to publish for the first time on the Internet the most dramatic masterpiece about Shell and its atrocious track record, especially in Nigeria, that we have ever seen. Authored by Andrew Rowell, it was published by The Guardian over 10 years ago on 15 November 1997 under the title: Unloveable Shell, the Goddess of Oil.
The World Is Upside Down
At the annual National Forum, a gathering of business leaders, I felt like a first-world pipsqueak as leaders of the national energy company Petrobras (bigger than BP, Shell and Total) and Companhia Vale do Rio Doce, or C.V.R.D. (the worlds second largest mining company), reeled off head-turning statistics.
Biofuels now seen as polluting and a threat to forests and food production
Brazil's ambitious plans for supplying the world with renewable sugarcane ethanol have been put on hold as criticism of biofuels escalates. Instead of being seen as a solution, biofuels have become the new villains of the energy scene and are now blamed for everything from hunger to climate change itself.
Big Oil set to invest $25 billion in Brazil
International oil companies, such as Statoil SA of Norway and Royal Dutch Shell PLC, are set to invest $25 billion in Brazil in the coming years, according to Brazil's industry association for foreign oil companies.
Brazil's state oil company discovered what some geologists consider one of the biggest global oil strikes in the past 20 years in the Tupi field beneath rock, sand and salt at the bottom of the Atlantic Ocean.
Shell To Start Output At Brazil BC-10 Oil Block In 2009-Valor
RIO DE JANEIRO -(Dow Jones)- Royal Dutch Shell PLC (RDSA) next year will start producing from heavy oil fields in the BC-10 block in Brazil's Campos Basin, the Valor newspaper said Thursday.
Shell executive to chair state’s oil and gas association
Frank Glaviano Sr., Shell's vice president of exploration and production, has been selected as the new Chairman of the Louisiana Mid Continent Oil and Gas Association, the group announced this morning.
Time for big oil to explore places it would rather avoid
Rising costs and taxes, and limited access to new supplies help explain why BP and Shell have performed so badly and underperformed US peers ExxonMobil and Chevron. But other factors have been at work, such as the fatal accident at BP's Texas City oil refinery and the reserve misreporting scandal at Shell.
Shell Evaluating Brazil Block
Oil & Gas Journal (Houston): Shell Evaluating Brazil Block
“Shell is investing $200 million in Brazil this year.”
Wednesday 14 Sept 2005
Offshore staff
(Brazil)-Royal Dutch Shell has begun drilling a new evaluation well at its Brazilian BC-10 block and hopes to declare it commercially viable by the end of 2005. In an interview with Reuters, Shell Brazil Vice-President John Haney said that two wells will be drilled by November at a cost of $15 million per well. The BC-10 block has recoverable reserves of some 400 mmbbl of heavy oil.
Haney went on to say that the general concept of the project will likely include a floating production, storage and offloading unit (FPSO) with an artificial lifting system, risers for ultra-deep recovery and an onboard heavy oil processing system. The capacity of the FPSO is still under discussion, although the field is expected to produce between 60,000 and 100,000 b/d beginning in 2009.
China’s Jilin Guangzhen, Shell establish JV to explore, develop oil shale
AFX Asia (Focus): China’s Jilin Guangzhen, Shell establish JV to explore, develop oil shale
“China has the fourth-largest oil shale deposits in the world after the US, Brazil and Russia, while Jilin province, with 17 bln tons, accounts for about 56 pct of the country’s total.”:
Friday Sept 02, 2005
BEIJING (AFX) – Shell (China) Ltd and Jilin Guangzheng Mineral Development Co Ltd said that they have signed an agreement to establish a joint venture to explore and develop oil shale resources in northeastern China’s Jilin province.
In a joint statement, the companies said that the new joint venture, Jilin Shell Oil Shale Development Co Ltd (Jilin Shell), will be 61 pct owned by Shell and 39 pct owned by Jilin Guangzheng.
Jilin Shell will conduct tests to see if oil shale reserves in the area are commercially viable, the statement said.
Sakhalin’s treasures
Planet Porto Alegre (Brazil): Sakhalin’s treasures
14 May 2005
Shell wants the oil from the Russian Seas. Environmentalists denounce the risk of extinction regarding the Pacific Gray Whales
By Tiago Soares
Sakhalin Island is located in Western Russia. It is closer to Tokyo than to Moscow. This small island has been a reason of dispute between Russians and Japanese for centuries. Every year, between May and October, when the water is not frozen, gray whales go there seeking for food. In this part of the ocean there is not only a lot of fish- there are also natural oil deposits only comparable to the ones in the Middle East. Although the oil is not important to the gray whales, it does attract other terrible “predators” like Royal Dutch/Shell.
Reuters: Shell to resume drilling in Brazil next year
Reuters: Shell to resume drilling in Brazil next year
By Andrei Khalip
Wed 18 August, 2004
RIO DE JANEIRO, Brazil (Reuters) – Royal Dutch/Shell will resume drilling works in Brazil early next year at its BC-10 Campos basin block where it has already found oil, a top Shell official says.
John Haney, vice president for exploration and production for the Anglo-Dutch energy company in Brazil, said on Tuesday it had found “intermediate” grade API 18-25 oil there and was evaluating the discoveries. Its last well was drilled a year ago.
Apart from that, it has found oil at its Santos basin BS-4 block and at Campos blocks BC-2 and BMC-14 that are operated by Frances’ Total. Shell already operates or participates in the exploration of 11 prospecting areas, or oil blocks, in Brazil.
Shell To Exit Brazil’s Fuel Distribution Market – Report
The Wall Street Journal: Shell To Exit Brazil’s Fuel Distribution Market – Report
DOW JONES NEWSWIRES
June 7, 2004 9:27 a.m.
Posted 8 June 04
RIO DE JANEIRO — Royal Dutch/Shell Group (RD) is planning to exit Brazil’s fuel distribution market, local daily O Globo said Sunday.
The report said Shell could sell its 2,000 service stations in Brazil to Petroleo Brasileiro SA (PBR), Brazil’s federally-owned oil group.
A Royal Dutch Shell spokesman said there are no such negotiations.
Last week, Jornal do Brasil, another local daily, said Shell was reviewing its portfolio in Brazil and that it would cut investments in 2004. Quoting Shell ‘s Brazilian exploration and production VP John Haney, the report said results from recent E&P investments in Brazil have been below expectations, and the company would focus on its operations in Nigeria and the Gulf of Mexico.