Van der Veer said world energy demand was estimated to double in 2050 as the world population grew to nine billion.
Malaysia
Shell to make major investment in Malaysia over next 5 years
Tuesday June 3, 2008: Shell joins Queensland gas rush
THE frenzy over Queensland's vast coal-seam gas resources continued to gather pace yesterday when the oil major Royal Dutch Shell signed a deal with Arrow Energy worth up to $776 million.
Shell, Arrow Sign Accord for $700 Million Gas Venture (Update2)
June 2 (Bloomberg) -- Royal Dutch Shell Plc, Europe's largest oil company, and Australia's Arrow Energy Ltd. signed an initial accord for a $700 million venture to extract natural gas from coal seams to tap rising demand for cleaner-burning fuels.
Shocked! How the oil crisis has hit the world
All around the world, in a multitude of ways, the soaring price of oil is hurting rich and poor alike. For the lucky ones, it is simply a matter of changing their lifestyle. But those most vulnerable to the price of oil have been driven on to the streets in angry protests, which raise a fundamental question: what can we do to survive in a world where a barrel of oil costs $127 (£64)?
Petronas backs Santos LNG project
Groups that had expressed an interest in the Gladstone project included Royal Dutch Shell, ConocoPhillips of the US, Eni of Italy, Repsol of Spain, andSempra, owner of the largest US natural gas utility.
Shell prefers to sue in Malaysia where justice can be bought by the litigant with the deepest pockets
A Live Chat Guest on our website who currently uses the pseudonym of MUSAINT, has asked about the progress of the lawsuits involving the Malaysian Dr John Huong, who is being sued for defamation by EIGHT Royal Dutch Shell companies.
Malaysia: Shell plans 40 outlets in 2008
KUALA LUMPUR: Shell Malaysia Trading Sdn Bhd, which currently has more than 900 petrol stations throughout the country, intends to set up about 40 this year.
Shell Malaysia To Invest Big On Offshore Sabah
MIRI, May 13 (Bernama) -- Shell Malaysia Exploration and Production (SMEP) says it is ready to invest a substantial amount for their exploration and production activities particularly in the development of oil wells in deepwater offshore Sabah.
Shell decided to opt for multiple suppliers when it signed $4bn-worth of outsourcing contracts
A painstaking attention to detail is the key to the recent $4bn (£2bn), five-year outsourcing contracts that Royal Dutch Shell has signed with three IT suppliers.
Another broken promise to stop gas flaring in Nigeria: Shell pleads poverty and other excuses
Indeed, even if the violence subsided, allowing work crews to safely return to the field, funding is another stumbling block. More than an additional $3 billion needs to be spent to complete the programme to build gas gathering facilities and pipelines. Reduced funding from Shells government partner has already delayed work on several projects.
Ex-Shell employees suit within time frame
New Straits Times (Malaysia): ‘Ex-Shell employees’ suit within time frame’
“On Sept 20, 2004, the High Court in Miri ruled in favour of the ex-employees and said the retirement benefit under the Retirement Benefit Fund was ultra vires the Act. Sarawak Shell Berhad and Sabah Shell Petroleum Company Ltd filed an appeal.”
Tuesday 18 October 2005
PUTRAJAYA, Mon. – The Court of Appeal today ruled that it has the jurisdiction to decide whether former employees of Sabah and Sarawak Shell had filed their civil action within six years.
A total of 398 ex-employees had sought a court ruling on whether their employers’ decision to deduct their contributions before paying out retirement benefits to them was against the Employees Provident Fund Act.
On Sept 20, 2004, the High Court in Miri ruled in favour of the ex-employees and said the retirement benefit under the Retirement Benefit Fund was ultra vires the Act.
Shell upset over lack of warning before detonation of bomb
New Straights Times (Malaysia): Shell upset over lack of warning before detonation of bomb
“Shell Malaysia chairman Datuk Jon Chadwick, in a circular to its staff, said he was obliged to take up the matter with the police.”: “I ask for your understanding on this matter. It needs a comprehensive, non-defensive investigation — and I undertake that this will be done,” he said.
Posted Friday 30 September 2005
KUCHING, SARAWAK, Thurs.
Shell Malaysia is concerned that its staff were not warned beforehand and given time to evacuate after the police detonated a bomb near an old oil refinery in Lutong last Monday.
The blast resulted in damage to windows and other properties at the company’s office and the nearby Lutong Clinic. There were no injuries.
Shell Malaysia chairman Datuk Jon Chadwick, in a circular to its staff, said he was obliged to take up the matter with the police. “I am most concerned that we were not able to implement our normal evacuation procedures. In the event of a similar incident ever occurring in the future, we must ensure that the staff be warned beforehand and given time to evacuate. I ask for your understanding on this matter. It needs a comprehensive, non-defensive investigation — and I undertake that this will be done,” he said.
Is Royal Dutch Shell Plc adopting racist policies against its Malaysian employees?
Is Royal Dutch Shell Plc adopting racist policies against its Malaysian employees?
Thursday 22 September 2005 00.10 am EDT NY
Datuk Jon Chadwick
Chairman of Shell Malaysia (Shown right)
By Alfred Donovan
ShellNews.net has obtained a leaked copy of a recent email from Shell Malaysia Country Chairman, Datuk Jon Chadwick to all Shell employees in Malaysia, which responds to points raised exclusively on this website. A number of our articles have focused on the strikingly different approach adopted by Shell in response to employee class action lawsuits brought by its USA staff, as opposed to its utterly ruthless treatment dished out to Shell Malaysian employees.
MLNG signs gas deals with 3 firms
News Straits Times (Malaysia): MLNG signs gas deals with 3 firms
“At the signing, Petronas was represented by its vice president of exploration and production business Abdullah Karim… Sarawak Shell by Shell Malaysia chairman Datuk Jonathan Chadwick”
Tuesday 30 August 2005
MALAYSIA Liquefied Natural Gas Sdn Bhd (MLNG), the owner and operator of the country’s first LNG plant in Bintulu, Sarawak, has secured gas supply of up to 400.4 trillion British thermal units until 2020.
The company yesterday concluded a gas sales agreement (GSA) with Petroliam Nasional Bhd (Petronas), Petronas Carigali Sdn Bhd and Sarawak Shell Bhd for the supply of the gas to the plant.
Petronas said in a statement yesterday that the GSA effectively extends a similar earlier arrangement between the same parties that expired in March 2003.
SHELL MALAYSIAN CHAIRMAN, JON CHADWICK
SHELL MALAYSIAN CHAIRMAN, JON CHADWICK, UNDER FIRE FOLLOWING LEAKED EMAIL
Tuesday 30 August 2005: 11.30 ET
By Alfred Donovan
ShellNews.net has obtained a leaked copy of an email dated 18 August 2005 from Shell Malaysia Chairman, Datuk Jon Chadwick to all Shell employees in Malaysia, which responds to points raised exclusively on this website. Our articles have focused on the strikingly different approach adopted by Shell in response to employee class action lawsuits brought by its USA staff, as opposed to its utterly ruthless treatment dished out to its Shell Malaysian employees. Basically Shell has been deliberately dragging out the Malaysian class action lawsuits even though many of the claimants are elderly, some suffer from memory loss, some are ill and others have already died, while Shell heartlessly drags out the litigation. An example of one of the relevant articles can be read via this link: Read
ShellNews.net: Death on a Shell offshore platform in Sarawak waters
ShellNews.net: Death on a Shell offshore platform in Sarawak waters
Thursday 14 July 2005
A Shell internal email circulated yesterday notified Shell employees in Malaysia of the tragic death of a Shell contractor who collapsed during an emergency drill exercise which was held in the control room of an offshore platform, located in Sarawak waters.
Shell Exploration and Production official Wee Yiaw Hin circulated the email of 13 July 2005 entitled: Death Offshore Sarawak. He expressed “profound regret” and advised that the immediate efforts to try to revive the unnamed Shell contractor were unsuccessful and the individual was pronounced dead shortly thereafter.
Shell pays almost a quarter of a billion dollars in fines and settlements arising from reserves scandal
ShellNews.net: Shell pays almost a quarter of a billion dollars in fines and settlements arising from reserves scandal, but more litigation is underway
“A court hearing is taking place today in the US District Court of New Jersey in respect of a billion dollar class action law suite against Shell by US institutional shareholders”
Wednesday 13 July 2005
Shell has already paid $150 million dollars in fines imposed by the US Securities & Exchange Commission and the UK Financial Services Authority. Shell has now agreed to settle a claim from its former and current US employees for $90 million dollars (subject to court approval) thereby arriving at a combined total of $240 million thus far.
Lloyds List: New Malaysian find
Lloyds List: New Malaysian find
“PETRONAS and Shell have made their fifth gas discovery off the northeast coast of Peninsular Malaysia in block PM301 and have started technical studies to develop the field.”
Tuesday July 12, 2005
PETRONAS and Shell have made their fifth gas discovery off the northeast coast of Peninsular Malaysia in block PM301 and have started technical studies to develop the field.
Their joint venture company CS Mutiara Petroleum found gas with the Bunga Kesumba well in 55 m of water, which is close to the four previous discoveries Bunga Kamilia, Bunga Zetung, Bunga Anggerik and Bumi South.
Petronas and Shell have started technical studies to assess the development of these gas discoveries, with any project likely to require more than one platform.
AFX Europe (Focus): Malaysia’s Petronas-Shell jv makes 5th successive gas discovery: Wednesday Jul 06, 2005
AFX Europe (Focus): Malaysia’s Petronas-Shell jv makes 5th successive gas discovery: Wednesday Jul 06, 2005
KUALA LUMPUR (AFX) – CS Mutiara Petroleum Sdn Bhd said it has made another gas discovery at Block PM301, off the northeast coast of Peninsular Malaysia.
In a statement, the 50:50 joint venture company between Petronas Carigali Sdn Bhd and Shell Exploration and Production Malaysia BV said the Bunga Kesumba-1 well, 55 meters below sea level, was drilled to a total depth of 1,430 meters and encountered multiple gas zones.
Bumi Kesumba-1 is the fifth discovery in Block PM301, following the recent exploration success at Bunga Kamelia, Bunga Zetung, Bunga Anggerik and Bumi South, the company said.
Malaysia Star: Shell: Pilots acted heroically
Malaysia Star: Shell: Pilots acted heroically
Monday 20 June 2005
BY STEPHEN THEN
MIRI: The pilots flying the Super Puma helicopter that went down in the South China Sea near Shell Malaysia’s B11 gas exploration platform have been described as heroes for averting a major tragedy.
Shell Malaysia chairman Datuk Jon Chadwick said veteran pilot Kapt Raj Kumar, 41, and First Officer Adnan Hairi, a former Royal Malaysian Air Force pilot, had saved the lives of 11 passengers and 29 people working on board the multi-billion structure.
“So many lives were saved because these pilots dealt with the emergency situation professionally and calmly.
Malaysia Star: Shell to open more petrol stations
Malaysia Star: Shell to open more petrol stations
Wednesday 15 June 2005
BY SHILING WOON
SHELL Malaysia plans to invest RM150mil to open 15 new petrol stations and upgrade the existing 830 outlets nationwide, said managing director Mohzani Wahab.
The new petrol stations will be in the Klang Valley, Penang and Johor.
“We plan to allocate RM8mil to set up each of the 15 new petrol stations,” Mohzani told reporters after the launch of Shell’s Don’t Fool With Fuel retail safety campaign by Domestic Trade and Consumer Affairs Minister Datuk Mohd Shafie Apdal in Petaling Jaya yesterday.
Shell Malaysia: Refining Margin To Stay Strong Near Term
Yahoo Business News: Shell Malaysia: Refining Margin To Stay Strong Near Term
14 June 2005
KUALA LUMPUR (Dow Jones)–Shell Malaysia Chairman Jon Chadwick said Tuesday that he expects refining margins at Shell’s refinery unit to remain strong in the near term.
“First quarter was excellent and this bodes well for the rest of the year,” Chadwick told Dow Jones Newswires on the sidelines of the Asia Oil and Gas Conference being held here.
According to Chadwick, Shell Refining Co. (4324.KU) recorded a complex refining margin of $5.69 a barrel in the first quarter, up from $4.55/bbl in the same period last year.
The Jakarta Post: Shell hopes Brunei, Malaysia, Indonesia resolve maritime disputes soon
The Jakarta Post: Shell hopes Brunei, Malaysia, Indonesia resolve maritime disputes soon
14 June 2005
KUALA LUMPUR (AFP): Royal Dutch/Shell said on Tuesday it hopes territorial disputes over oil-rich maritime areas involving three Southeast Asian countries will be resolved quickly to enable exploration to go ahead.
“Our resources are there. The earlier the better but we do not want to interfere,” Dominique Gardy, Singapore-based chief executive officer with Shell exploration and production said on the sidelines of the Asia Oil and Gas conference.
“If and when the solution is in place, then we can develop there sources,” he told AFP. “We are just on standby waiting for a government-to-government decision.”
Malaysia Star: World-class dialysis facility
Malaysia Star: World-class dialysis facility
22 May 2005
MIRI: Senior nursing students from medical colleges in Australia will be coming to the Miri Red Crescent Kidney Dialysis Centre for their practical training.
The centre’s chairman Lee Kim Shin, who is Assistant State Minister for Infrastructure Development and Communications, made the announcement yesterday at the official opening ceremony of the RM5mil centre by Chief Minister Tan Sri Abdul Taib Mahmud.
“Visitors from other countries, including those from the medical profession, have acknowledged that this centre has a world-class dialysis treatment facility.
Malaysia Star: Shell Refining posts record first quarter net profit
Malaysia Star: Shell Refining posts record first quarter net profit
19 May 2005
SHELL Refining Company (Federation of Malaya) Bhd reported a record net profit of RM195.4mil in the first quarter ended March 31, up 60% from RM122.5mil in the same quarter last year.
Turnover rose to RM2.25bil for the quarter under review from RM1.53bil a year earlier.
Pre-tax profit was significantly higher at RM216.8mil in the first quarter, against RM137.2mil in the previous corresponding period.
Earnings per share improved to 65.13 sen from 40.82 sen a year ago.
A special interim dividend of 10 sen per share was declared. The company had benefited from an after-tax shareholding gain of RM138mil due to the overall increase in crude oil and product prices experienced during the first quarter of this year.
Business Times (Malaysia): Shell unit to prepay outstanding balance of RM1.4b loans
Business Times (Malaysia): Shell unit to prepay outstanding balance of RM1.4b loans
May 13 2005
SHELL Refining Co Bhd (SRC) said it will use a RM532 million syndicated term loan arranged by Bank of Tokyo-Mitsubishi to prepay outstanding balance of an existing loans of RM1.4 billion.
SRC signed the loan agreement with Bank of Tokyo-Mitsubishi in Kuala Lumpur yesterday.
Shell Malaysia chairman Datuk Jon Chadwick said the new term loan will enable the company take advantage of much more competitive financing rates as well as to improve its capital structure.
“This new term loan facility, which brings materially reduced financing costs and increased profitability to SRC and its shareholders, is testimony to our resolve and focus in achieving an optimal capital and financing structure for the company,” he told newsmen after the signing of the agreement.
New Straits Times (Malaysia): Shell Refining seeks new loan to repay debt
New Straits Times (Malaysia): Shell Refining seeks new loan to repay debt
By SHAHRIMAN JOHARI
May 12 2005
SHELL Refining Co (Federation of Malaya) Bhd is raising some RM532 million from a new loan to mainly repay older debt as it seeks to lower finance costs, sources said.
The firm, 52 per cent controlled by Dutch oil giant Shell, will borrow from Japan’s Bank of Tokyo-Mitsubishi Bhd. The parties are set to sign the five-year loan agreement today, according to an advisory sent by Shell Refining.
“The pricing is quite low and the mandate was given to the Bank of Tokyo,” a source familiar with the deal told Business Times.
Yahoo Biz: MALAYSIA PRESS: Shell Refining To Sign MYR532M Loan Pact
Yahoo Biz: MALAYSIA PRESS: Shell Refining To Sign MYR532M Loan Pact
12 May 2005
KUALA LUMPUR (Dow Jones)–Shell Refining Co. (Federation of Malaya) Bhd. (4324.KU) will sign later Thursday a MYR532 million, five-year loan agreement with Bank of Tokyo-Mitsubishi Bhd., the Business Times daily reports.
“The pricing is quite low and the mandate was given to the Bank of Tokyo-Mitsubishi,” the paper quotes an unnamed source as saying.
Shell Refining, which operates an oil refinery south of Kuala Lumpur, has MYR577.6 million in outstanding unsecured term loans, the report says.
Ageing and sickly, ex-Shell staff wait on court
FROM OUR SHELL NEWS ARCHIVE OCTOBER 2004
New Straits Times: Ageing and sickly, ex-Shell staff wait on court
“Some have died. Others are losing their memory and many are ailing.”: “399 former employees of Sarawak Shell Bhd and Sabah Shell Petroleum Co Ltd engaged in a protracted legal battle with their ex-employers…” “claiming that they unlawfully deducted money from their internal retirement funds…”: “They won their case at the Miri High Court on Sept 20 but their employers filed an appeal.”: “For now, all they can do is hope their time doesn’t run out.”
By Johannes Ridu & Sharifah Arfah
MIRI, 6 October 2004
Some have died. Others are losing their memory and many are ailing. They are among a group of 399 former employees of Sarawak Shell Bhd and Sabah Shell Petroleum Co Ltd engaged in a protracted legal battle with their ex-employers over an estimated RM50 million they claim is rightfully theirs.
In November 2002 they sued their ex-employers, claiming that they unlawfully deducted money from their internal retirement funds, Shell Sarawak & Sabah Retirement Benefit Fund (RBF) and Shell Sarawak & Sabah Provident Fund (SSF).
Shell and its jv partners PCSB and ConocoPhillips make significant discoveries at Malikai-1
New Straits Times (Malaysia): The question of overlapping claims on two new oil and gas blocks offshore east Sabah does not arise, as the areas are solely within Malaysia’s jurisdiction, Foreign Ministry parliamentary secretary Datuk Zainal Abidin Osman said today.: “On Sept 22, Shell and its joint venture partners PCSB and ConocoPhillips made significant discoveries at Malikai-1 in the Block G exploration well in Sabah.”
Sep 30, 2004
PUTRAJAYA, Wed. – The question of overlapping claims on two new oil and gas blocks offshore east Sabah does not arise, as the areas are solely within Malaysia’s jurisdiction, Foreign Ministry parliamentary secretary Datuk Zainal Abidin Osman said today.
Malaysia’s continental shelf and the Federal territorial parameters map issued in 1979 both showed the country held sovereignty over the ND6 and ND7 blocks.
“Malaysia’s rights over these areas have never been disputed by any country before, as they are clearly ours and there is definitely no overlapping.” The area also contains the Ligitan and Sipadan islands, ruled as belonging to Malaysia by the International Court of Justice after a legal tussle with Indonesia over sovereignty.
399 Ex-Employees Of Shell Win Suit For Refund Estimated At RM100 Million
Sarawak News: 399 Ex-Employees Of Shell Win Suit For Refund Estimated At RM100 Million: “The Miri High Court has ordered Sarawak Shell Bhd (SSB), Sabah Shell Petroleum Co Ltd (SSPC), the Trustees of Shell Sarawak and Sabah Retirement Fund (SSSRBF) and Shell Sarawak and Sabah Provident Fund (SSSPF), to pay nearly RM100 million to 399 former employees”
(Webmasters note: Sabah Shell Petroleum Co Ltd is a UK company)
Posted 26 Sept 04
MIRI, Sept 23 (Bernama) — The Miri High Court has ordered Sarawak Shell Bhd (SSB), Sabah Shell Petroleum Co Ltd (SSPC), the Trustees of Shell Sarawak and Sabah Retirement Fund (SSSRBF) and Shell Sarawak and Sabah Provident Fund (SSSPF), to pay nearly RM100 million to 399 former employees.
Judicial Commissioner, Datuk Abdul Aziz Abdul Rahim, last Monday ruled in favour of the ex-employees, named Project Team A, who filed their suit on Nov 29, 2002 through their counsel, Eric Khoo and Gabriel Kok.
Shell’s service efficiency scheme to boost jobs
Business Times (Malaysia): Shell’s service efficiency scheme to boost jobs
“The official was asked to comment on a news report posted on the rediff.com’s website recently which said that Shell is cutting 600 to 800 IT jobs in the US and relocating them offshore, mainly to India and Malaysia.”
Sep 24, 2004
THE Royal Dutch/Shell group does not outsource its information technology (IT) works to Malaysia but has and will transfer the jobs under its service efficiency programme, providing a boost for the locals to find more jobs.
An official with the company said jobs that have and will be transfered to Malaysia are infrastructure-related, such as applications hosting like server support and first level help-desk activities, including password resets and access managment.
Cyberjaya-based Shell Information Technology International SITI Sdn Bhd alone will see its staff strength increase from the current 1,100 to 1,200 people by the end of the year.
Oil stocks rally on joint venture discovery off Sabah
Business Times (Malaysia): Oil stocks rally on joint venture discovery off Sabah
“SELECTED oil-related counters closed higher yesterday on heavy volume following news of a major oil discovery off Sabah by a Shell-Petronas Carigali- Conoco Phillips joint venture, dealers said.”
Sep 24, 2004
SELECTED oil-related counters closed higher yesterday on heavy volume following news of a major oil discovery off Sabah by a Shell-Petronas Carigali- Conoco Phillips joint venture, dealers said.
They said the new discovery is expected to benefit not only the oil companies but also the providers of ancillary services to the industry, such as Scomi Group Bhd and SapuraCrest Petroleum Bhd.
Sentiment on SapuraCrest shares was also lifted by its sterling financial performance for the second quarter ended July. Its net profit grew 94 per cent quarter-on-quarter to RM20.2 million, while turnover surged 97 per cent to RM275.4 million.
Major oil discovery off Sabah
New Straits Times (Malaysia): Major oil discovery off Sabah ..LD: KUALA LUMPUR, Wed. – Shell Malaysia announced today that a Shell-Petronas Carigali-Conoco Phillips joint venture has made another important oil discovery in waters offshore Sabah. The discovery was made by the Malikai-1
Posted 24 Sept 04
KUALA LUMPUR, Wed. – Shell Malaysia announced today that a Shell-Petronas Carigali-Conoco Phillips joint venture has made another important oil discovery in waters offshore Sabah.
The discovery was made by the Malikai-1 exploration well, located in deepwater Block G, in waters on the northwest of Sabah.
Shell Malaysia’s upstream company, Sabah Shell Petroleum Company Ltd, is the operator of Block G on behalf of this partnership.
“The Malikai-1 exploration well encountered a long oil column in very good quality reservoirs. Initial indications are that the Malikai crude oil is of a high quality. This is another pleasing discovery,” Shell Malaysia chairman Datuk Jon Chadwick said in a statement.
Shell makes oil find off Malaysia
Reuters: Shell makes oil find off Malaysia
“We are delighted to announce this highly significant discovery, our second offshore Sabah oil discovery within a year,” Shell Malaysia Chairman Jon Chadwick said in the statement on Wednesday.
Wed 22 September, 2004
KUALA LUMPUR (Reuters) – Shell has made another major oil find in deep waters off Malaysia’s eastern Sabah state in a joint exploration with state oil firm Petronas and U.S. oil firm ConocoPhillips.
Shell SHEL.L gave no output estimates or reserves in a statement it released on the discovery at the Malikai-1 exploration well, located in Deepwater Block G, northwest of Sabah.
It said initial indications of crude characteristics at Malikai showed oil which was of high quality.
Business Times (Malaysia): Shell shares rise on gas discovery news
Business Times (Malaysia): Shell shares rise on gas discovery news
“SHARES of Shell Refining Co (Federation of Malaya) Bhd rose briefly yesterday following reports that its joint venture with Petronas had made another gas discovery offshore Kelantan.”
Sep 09, 2004
SHARES of Shell Refining Co (Federation of Malaya) Bhd rose briefly yesterday following reports that its joint venture with Petronas had made another gas discovery offshore Kelantan.
Its shares climbed 15 sen to RM7.35 when Bursa Malaysia opened for trading. After some hectic moves, they closed unchanged at RM7.35, with 38,200 lots traded. CS Mutiara Petroleum Sdn Bhd, a 50:50 joint venture between Petronas Carigali Sdn Bhd and Shell Malaysia Exploration & Production, on Tuesday announced that it had made another gas discovery in Block PM301.
Petronas-Shell joint venture strikes gas again
Business Times (Malaysia): Petronas-Shell joint venture strikes gas again
Sep 08, 2004
CS MUTIARA Petroleum Sdn Bhd, a 50:50 joint venture between Petronas Carigali Sdn Bhd and Shell Malaysia Exploration & Production, has made another gas discovery in Block PM301, offshore Kelantan.
The Bunga Zetung-1 well, spudded on July 9 2004, was drilled to a total depth of 1,875m and encountered four gas zones, CS Mutiara Petroleum said in a statement.
The gas zones have an estimated recoverable reserve of 0.2 trillion standard cu ft, subject to further technical evaluation.
Bunga Zetung-1 is the second successive discovery in Block PM301, following the success of the Bunga Kamelia gas discovery in November last year.
Nippon Oil To Start LNG Production in Sarawak, Malaysia
THE WALL STREET JOURNAL: Nippon Oil To Start LNG Production in Sarawak, Malaysia
“Shell Malaysia, a unit of Royal Dutch/Shell Group (RD) is the main project operator.”
DOW JONES NEWSWIRES
Posted 7 Sept 04
TOKYO — Japan’s Nippon Oil Corp. (5001.TO) said Monday its oil and gas exploration unit started in late August commercial production of natural gas at the Jintan offshore gas field in Malaysia.
August 31, Nippon Oil Exploration (Sarawak) Ltd. started commercial gas output at the field and will deliver natural gas via a pipeline to a liquefied natural gas plant in Bintulu, Nippon Oil said in a statement.
Shell Malaysia, a unit of Royal Dutch/Shell Group (RD) is the main project operator. It holds a 37.5% interest in the Jintan gas field, which is located in the SK-8 block offshore Sarawak, East Malaysia, while Nippon Oil owns a 37.5% stake and Petronas Carigali holds 25%.
Shell Malaysia’s Jintan gas field comes onstream
TheEdgeDaily.com: Shell Malaysia’s Jintan gas field comes onstream
Posted 6 Sept 04
Shell Malaysia’s Jintan gas field, located about 275km northwest of Bintulu, came on-stream on Aug 31.
“Jintan is the second gas field brought into production, following Serai which came on-stream in June 2004, under the SK8 production sharing contract, offshore Sarawak,” said Shell Malaysia chairman Jon Chadwick.
The participants in the production-sharing contract are the operator, Shell Oil & Gas Malaysia (37.5%), Nippon Oil Explorations (Sarawak) Ltd (37.5%) and Petronas Carigali Sdn Bhd (25%).
Malaysia’s Shell Refining posts highest quarterly profit
Hydrocarbon Asia: Malaysia’s Shell Refining posts highest quarterly profit
“Chairman Jon Chadwick said: “We are pleased with this back-to-back achievement, surpassing even the record profit for the first quarter this year.”
Posted 30 August 04
SHELL Refining Company Bhd announced a net profit of RM175.3mil (US$1 = RM3.8) for its second quarter ended June 30, beating an earlier record profit of RM122.5mil in the first quarter.
Chairman Jon Chadwick said: “We are pleased with this back-to-back achievement, surpassing even the record profit for the first quarter this year.
“The excellent financial results was mainly due to the continued strength of our refining margins, sustained operational performance and to a lesser extent, stockholding gains,” he said in a statement yesterday.
Shell wins MSOSH awards
Business Times (Malaysia): Shell wins MSOSH awards
Aug 24, 2004
SHELL Malaysia has received the Grand Award and three Gold Awards from the Malaysian Society For Occupational Safety & Health (MSOSH).
The awards were in recognition of the company’s stringent occupational safety and health management system as well as its commitment to deliver an excellent safety and occupational health performance in Shell’s workplaces.
The awards were given out at MSOSH’s annual awards presentation ceremony yesterday. Sabah Shell Petroleum Co’s Labuan Crude Oil Terminal won the MSOSH Grand Award for 2003, the sole Grand Award given by MSOSH for the year.
Shell, Petronas Drill Malaysia’s Deepest Oil, Gas Well
YahooNews: Shell, Petronas Drill Malaysia’s Deepest Oil, Gas Well
Friday August 20, 10:18 AM
SINGAPORE (Dow Jones)–Shell Malaysia and Petronas Carigali Sdn. Bhd. Friday said they have successfully drilled the deepest oil exploratory-appraisal well in Malaysia, and that they hope to start production from it by end-August.
Shell Malaysia said in a statement that the 6,339-metre-deep well, located at Angsi oil and gas field 250 kilometers offshore Sarawak, East Malaysia, was penetrated to a reservoir that is believed to contain 4.5 million barrels of oil.
The site is a production sharing venture operated by Shell Malaysia, a unit of Royal Dutch/Shell Group (RD), which holds a 70% interest. Petronas holds the remaining 30%.
The Malaysia Star: Shell Refining posts highest quarterly profit
The Malaysia Star: Shell Refining posts highest quarterly profit
“Chairman Jon Chadwick said: “We are pleased with this back-to-back achievement, surpassing even the record profit for the first quarter this year.”
17 Aug 04
SHELL Refining Company Bhd announced a net profit of RM175.3mil for its second quarter ended June 30, beating an earlier record profit of RM122.5mil in the first quarter.
Chairman Jon Chadwick said: “We are pleased with this back-to-back achievement, surpassing even the record profit for the first quarter this year.
“The excellent financial results was mainly due to the continued strength of our refining margins, sustained operational performance and to a lesser extent, stockholding gains,” he said in a statement yesterday.
SINGAPORE PRESS: GIC Buys 5% Of Malaysia Shell Refining
SINGAPORE PRESS: GIC Buys 5% Of Malaysia Shell Refining
Friday July 30, 9:24 AM
SINGAPORE (Dow Jones)–The Government of Singapore Corp. has bought another substantial stake in a listed company in Malaysia amid signs of warmer bilateral ties between the two countries, the Business Times reports.
The investment arm of the Singapore government has emerged as possibly the third-largest shareholder of Shell Refining Co. (Federation of Malaysia), after it bought a 5% stake, or 15 million shares, in the company for S$43.91 million, the Singapore business daily says.
Shell appoints Malaysian to key posts in China
The Star.com: Shell appoints Malaysian to key posts in China
14 July 2004
SHELL Malaysia has appointed Lim Tau Kien, the company’s corporate treasurer, as chief financial officer, and exploration and production asset finance manager for Shell China.
Director of finance Paul Gerla said in a statement: “China represents a huge integrated portfolio investment and market for the Royal Dutch/Shell Group.
“Lim’s appointment is another significant measure of the confidence and recognition the Shell Group has in Malaysian expertise, talent and diversity in taking on the challenges of operating in an increasingly competitive and global business environment.
Shell sells 24% of stake in Malaysian refining unit for RM464m
The Star.com: Shell sells 24% of stake in Malaysian refining unit for RM464m
BY YAP LENG KUEN
9 July 04
ROYAL Dutch/Shell group, Europe’s second largest oil company, has sold a 24% stake in its Malaysian oil refining unit Shell Refining Company (FOM) Bhd for RM464.4mil, paving the way for Malaysian investors to own a quality stock in the oil and gas sector.
“The sale was done at RM6.45 per share,” sources told StarBiz. “Demand from an equal balance of local and foreign institutions was so overwhelming that the shares were snapped up within one-and-a-half hours yesterday morning.”
Bloomberg.com: Shell Offers to Sell $103 Mln Stake in Malaysian Unit (Update2)
Bloomberg.com: Shell Offers to Sell $103 Mln Stake in Malaysian Unit (Update2)
July 8 (Bloomberg) — Royal Dutch/Shell Group, Europe’s second-largest oil company, offered to sell a 20 percent stake in its Malaysian oil refining unit for as much as 390 million ringgit ($103 million), its second sale of Asian assets this week, bankers and investors said.
Shell, based in London and The Hague, is offering 60 million shares in Shell Refining Co. for 6.20 ringgit to 6.50 ringgit each, they said, asking not to be identified. The company may sell an additional 12 million shares, depending on demand, they said.
LETTER FAXED BY ALFRED DONOVAN TO MALAYSIAN HIGH COURT JUDGE 5 July 2004
LETTER FAXED BY ALFRED DONOVAN TO MALAYSIAN HIGH COURT JUDGE 5 July 2004
The Honourable Justice
Dato’ Azmel bin Haji Maamor
DSNS, PPT
HIGH COURT OF MALAYA
Bangunan Sultan Abdul Samad
Jalan Raja
50506 Kuala Lumpur
Malaysia
5 PAGES BY FAX ONLY TO: 00 60 3 26932582
Your Honour
RE: SUIT NO. S2-23-41-2004 AMENDED ORDER 29 JUNE 2004
EIGHT ROYAL DUTCH SHELL COMPANIES –v- DR HUONG YIU TUONG
I am writing to bring to your attention my major involvement in matters relating to the above law suit. For reasons which I can only speculate about, Shell has not made me a party to the litigation.
Past and Current Staff Taking Sarawak Shell Berhad/Sabah Shell Petroleum Company to Court
SARAWAK SHELL BERHAD/SABAH SHELL PETROLEUM COMPANY’S INTERNAL MANAGEMENT EXCHANGE LEAKED BY AN EMPLOYEE DISGUSTED WITH SHELL
RECEIVED 21 JUNE 2004
INCOMING EMAIL ADDRESS WILL REMAIN CONFIDENTIAL
SUBJECT: Past and Current Staff Taking Sarawak Shell Berhad/Sabah Shell Petroleum Company to Court
Gentlemen,
If you haven’t seen the attached, it may interest you to know that the attached is a copy of Sarawak Shell Berhad/Sabah Shell Petroleum Company’s internal management exchange which was leaked by one of the employees who is disgusted with Shell.
You may take note that Shell cheats on paying the Retirement Benefit Fund resulting in the class action at Miri High Court by ex and current staff of Sarawak Shell Berhad/Sabah Shell Petroleum Company.
Shell Delivers First Gas From Malaysia’s Serai Project
Yahoo.com: Shell Delivers First Gas From Malaysia’s Serai Project
Friday June 18, 4:40 PM
SINGAPORE (Dow Jones)–Shell Malaysia has begun delivering natural gas from Malaysia’s offshore Serai field to the country’s giant liquefied natural gas plant in Sarawak state, the company said Friday.
Shell Malaysia, a unit of Royal Dutch/Shell Group (RD), is supplying 300 million cubic feet a day of gas from upstream block SK-8 to Shell’s M3 and E11 gas production facilities.
The first gas was delivered June 9, the company said.
Serai was discovered in 1993 as part of the M3 facility that supplies gas to MLNG Tiga – the third of three production units in Malaysia’s 23 million ton-a-year LNG complex, the world’s largest by capacity.