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Qatar’s LNG Dominance Threatened by Shell’s Reported Withdrawal

Screen Shot 2014-02-10 at 16.29.29Extract from an article by Andy Tully published by oil price.com on 21 July 2014

In 2013, however, one Shell well in Block D of the field came up dry, although Qatar had promoted it as a rich source of energy. As a result, Shell decided against even beginning a second exploratory well, anonymous sources told The Wall Street Journal. A person identified by The Journal only as a Shell spokesman said the first well had reached the depth planned to explore for gas, but “it did not encounter commercial volumes of hydrocarbons.” Now, he said, Shell is negotiating with QP and PetroChina on how to withdraw from the venture without drilling the second well. read more

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Shell senses huge profit potential in China

Screen Shot 2014-06-13 at 10.41.05

From the China Daily website Ecns.cn published Friday 13 June 2014

Multinational oil company Royal Dutch Shell Plc will continue to invest in China and considers the country to be its most important market in which to grow its retail business, a senior official said on Thursday.

Istvan Kapitany, executive vice-president of Shell Retail, said China plays a key role for the company in 70 targeted countries. “We will continue to invest in China since the potential of the retail market in China is significant,” said Kapitany.

According to the Netherlands-based company, Shell opened almost one service station per day in China in 2012 as demand grew. At present, the company operates about 1,100 service stations in the country. read more

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Queensland OKs Shell-PetroChina $14B Aussie LNG Plant

Screen Shot 2013-07-03 at 09.31.27

By Keith Goldberg

Law360, New York (September 10, 2013, 5:07 PM ET) — Australia’s Queensland state government on Tuesday signed off on a planned 15 billion Australian dollar ($14 billion) liquefied natural gas plant jointly owned by Royal Dutch Shell PLC and PetroChina Co. Ltd. that will process coalbed gas piped in from the region’s abundant deposits.

ACCESS TO FULL ARTICLE SUBJECT TO SUBSCRIPTION

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Shell in no rush over $20b Arrow LNG project

October 19, 2012 – 2:04PM

Royal Dutch Shell is in no hurry to sign off on its Bowen Basin liquefied natural gas joint venture that’s projected to cost $20 billion as it focuses on cheaper East African projects.

‘‘We see a cost advantage in East Africa over Australia at the moment,’’ Andy Brown, Shell’s director of international production, said in an interview in London. ‘‘We aren’t going to rush into the final investment decision.’’

Shell and PetroChina are drilling in Queensland to prove gas resources for their proposed Arrow LNG plant, which would have a capacity of about 9 million tonnes a year and may cost more than $20 billion, according to Deutsche Bank. At the same time, Shell is drilling in Tanzania and this year was outbid for Cove Energy Plc as it sought assets in Mozambique. read more

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Arrow Energy CEO Says Queensland LNG Invest Decision Due 2013

By Ross Kelly Published October 18, 2012 Dow Jones Newswires

MORANBAH, Australia–Royal Dutch Shell PLC (RDSB) and PetroChina Co. (PTR) are on course to approve construction of a multibillion dollar gas-export project in eastern Australia next year, shrugging off fears that cost pressures or a supply glut will delay the venture.

“Momentum on the LNG project is really very strong,” said Andrew Faulkner, chief executive of Arrow Energy, which Shell and PetroChina acquired in a 3.4 billion Australian dollar (US$3.53 billion) transaction in 2010. read more

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Shell spells out China growth fears

Mathew Dunckley and Angela MacDonald-Smith

The Chinese economy could be in worse shape than official figures suggest, threatening demand for Australia’s resources at the same time as increasing international competition and rising costs spell trouble for this nation’s fledgling gas boom, says one of Royal Dutch Shell’s top global ­executives.

Shell global downstream director Mark Williams said the energy giant was experiencing the equivalent of recession-level demand for key products such as diesel at the same time as China, one of the single largest markets, was posting official reports of strong growth. read more

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Royal Dutch Shell flags Australian cost pressure

By Ross Kelly

SYDNEY–A senior Royal Dutch Shell PLC RDS.B -0.08% executive said Wednesday the cost of building energy projects in Australia is becoming “very worrisome” as the European oil giant prepares to decide whether it will spend billions more dollars in the resource-rich nation.

Shell has already committed almost US$30 billion to Australian gas-export projects being built over the next five years. The company’s Australian head, Ann Pickard, said the figure is poised to become US$50 billion if final decisions are made on other projects that Shell has on the drawing board. read more

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Shell Canada to go ahead with Kitimat LNG projects despite billion-dollar Chinese gas investment

By Gordon Hamilton, Vancouver Sun: August 21, 2012

Royal Dutch Shell’s decision to invest $1 billion a year in shale gas exploration in China has not changed Shell Canada’s plans to build a liquefied natural gas terminal at Kitimat aimed at the Chinese market.

Despite China’s potential for shale gas production, demand there is expected to outstrip supply, Shell Canada said Tuesday in a statement.

“The exploration and development of shale gas is expected to grow in China and Shell’s investments, largely with PetroChina, are reflective of that growth,” Shell Canada spokesman Stephen Doolan said. “However, the demand for energy in China and throughout Asia is expected to exceed domestic production. read more

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Shell plans at least $1 billion a year China shale gas investment

Chen Aizhu and Judy Hua Reuters: 6:27 a.m. CDT, August 21, 2012

BEIJING (Reuters) – Royal Dutch Shell plans to spend at least $1 billion a year exploiting China’s potentially vast resources of shale gas, the firm’s top China executive said, part of an aggressive strategy to expand in the world’s biggest energy market.

Shell in March secured China’s first product sharing contract for shale gas, hoping that getting in early will allow it to be a big beneficiary from the sort of boom in shale that has transformed the U.S. energy market. read more

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Shell plans to invest over $500 million on China shale, tight gas play in 2012

Singapore (Platts)–30 Jul 2012/237 am EDT/637 GMT

Shell plans to invest over $500 million this year drilling in shale gas and tight gas acreage in China, its chief financial officer Simon Henry said in an analyst call during its second quarter results announcement Thursday.

“There are several plays in our portfolio with PetroChina. We have two in Sichuan province in the south, southwest, and we have many CBM [coalbed methane] opportunities in the north … We spent around $450 million last year. This year [we plant to spend] over $500 million. We’re drilling about … close to 20 wells this year. It’s still very much in the exploration and appraisal [stage],” Henry was quoted as saying in a transcript of the call, which was out Friday. read more

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Shell wants to invest more in China downstream gas

July 30, 2012, 6:39 a.m. EDT

By Wayne Ma

–Shell hopes to invest in China gas, both upstream and downstream

–Shell, Qatar, CNPC Taizhou refinery approval process is advancing

–Foreign companies may work with private China firms in second shale round

BEIJING–Royal Dutch Shell PLC RDS.B +0.82% hopes to boost investment not only upstream but also in the downstream gas sector in China, as it wants to profit from every link in the gas supply chain, the head of the company’s China unit said Monday. read more

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Shell hails North American gas potential

The U.S. and Canadian natural gas markets could help China meet its growing energy demand in a clean and sustainable fashion, a Shell executive said.

Published: June 11, 2012 at 8:58 AM

WASHINGTON, June 11 (UPI) — The U.S. and Canadian natural gas markets could help China meet its growing energy demand in a clean and sustainable fashion, a Shell executive said.

Marvin Odum, upstream director for American operations at Royal Dutch Shell, speaking at the spring policy forum for the Canadian American Business Council, said U.S. and Canadian natural gas markets were ripe for exports.

“Alberta and British Columbia alone are probably sitting on more than 200 trillion cubic feet of competitive natural gas,” he said in his address. “Natural gas production from tight shale and sandstone in the U.S. and Canada nearly doubled between 2005 and 2010.” read more

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Asian Nations Join Shell on Canada LNG Project

May 16, 2012

By MARI IWATA

TOKYO—Energy companies from China, South Korea and Japan have put aside political and commercial rivalries to ship billions of dollars worth of Canadian liquefied natural gas to Asian markets, but they will face stiff competition for supplies and customers from a raft of competing projects.

In a landmark agreement, Mitsubishi Corp., 8058.TO -0.49% Korea Gas Corp. and PetroChina Co. 0857.HK -3.80% late Wednesday said they and Royal Dutch Shell RDSA +0.66% PLC would go ahead with a “LNG Canada” project to pipe gas to the Pacific Coast, where it will be deep-chilled and exported by sea. read more

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Shell, PetroChina JV Australia LNG faces big cost overrun – source

By Charlie Zhu and Rebekah Kebede

HONG KONG/PERTH | Fri May 4, 2012 7:57am BST

(Reuters) – The cost of Royal Dutch Shell (RDSa.L) and PetroChina‘s 0857.K Australian joint venture LNG may rise as much as 50 percent from initial estimates, which could force the companies to delay development, a source close to the project said on Friday.

Arrow LNG is one of four on Australia’s east coast that aim to pump gas from coal seams to export facilities. The estimated investment for all the projects is rising rapidly from the initial price tag of around $70 billion (43 billion pounds). read more

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Australia LNG Boom Threatened by U.S. Shale Exporters

By Eduard Gismatullin – Apr 26, 2012 1:10 PM GMT+0100

Royal Dutch Shell Plc (RDSA) and PetroChina Co. are designing a liquefied natural gas plant in Australia with capacity of about 9 million metric tons a year that Deutsche Bank AG says will cost more than $20 billion.

Arrow Energy Ltd., the partners’ Brisbane-based venture, plans to decide on whether to invest in the project by the end of next year, Shell Chief Financial Officer Simon Henry said.

“There have been and are ongoing discussions between partners as to whether gas can potentially be taken from one producer through other peoples’ facilities,” Henry said today on a conference call. “If there’s a deal there to be done, we’ll do the deal, if not then we move on” with building the joint venture’s own LNG plant in Queensland, he said. read more

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Shell pledges to spend, spend, spend – but gamble leaves City cold

The Times: 3 February 2012

Tim Webb Energy Editor

Ambitious plans to boost growth will cost too much and knock Shell off its top spot, the City warned yesterday. Unveiling disappointing results, the Anglo-Dutch oil group further unnerved investors when it said it planned to spend even more heavily on new oil and gas projects.

Analysts said that Shell would make lower returns from the huge outlays, leaving less room to raise its dividend significantly. The company, which has outperformed its rivals over the past 18 months, would struggle to maintain its position at the front of the pack, they added. read more

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Shell’s Arrow Energy Cleared by Australia, China to Purchase Bow

December 16, 2011, 2:21 AM EST

By James Paton

Dec. 16 (Bloomberg) — Arrow Energy Ltd., the natural gas producer owned by Royal Dutch Shell Plc and PetroChina Co., won approval from Australia’s Foreign Investment Review Board to buy Bow Energy Ltd. for A$535 million ($534 million).

The transaction was also cleared by Chinese authorities, Brisbane-based Bow said today in a statement. The decisions follow approval earlier this month by the Australian Competition & Consumer Commission. read more

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Shell strikes shale gas in China

By Tom Bergin

DOHA | Tue Dec 6, 2011 4:29am EST

(Reuters) – Royal Dutch Shell Plc has found shale gas in China, a development that could cap imports in a market natural gas producers are hoping will drive demand.

An official with Shell’s partner, PetroChina (601857.SS), a unit of the country’s top energy group, state-owned CNPC, said drilling results from two wells Shell drilled had been positive.

“Shell has two vertical wells and they got very good primary production,” Professor Yuzhang Liu, Vice president of Petrochina’s Research Institute of Petroleum Exploration and Development (RIPED), said in an interview at the sidelines of the World Petroleum Congress (WPC) in Doha. read more

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Shell Is ‘Welcome Barbarian’ in China’s Shale Gas

The big question is: Can Shell keep riding this tiger? What prevents PetroChina’s parent, CNPC, from exploiting the Western producer for what it wants and then tossing it aside or perhaps even taking it over?

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Shell’s China Moves: Can Shell keep riding this tiger?

The Anglo-Dutch energy giant and state-owned PetroChina have teamed up to get gas out of the ground in China—and to tap new sources of energy worldwide

November 16, 2011, 11:10 PM EST

By and

The hilltop city of Yulin, about 500 miles southwest of Beijing, was once a strong point in the defensive wall that protected the Chinese heartland from the tribes to the north. An ancient fortress survives in the old part of the city, the Chinese characters for “Suppress the Barbarians” carved over its gate. Today, Yulin’s a boomtown in the oil- and gas-rich Ordos Basin. In the streets not far from the fortress walls, where men sell roasted goat heads from carts, young boys hand out brochures for apartment towers built for newly wealthy oil workers and coal miners. If fresh characters were carved into the old fortress gates now, they might say “Resource Barbarians Welcome!” Or they might simply be a pair of corporate logos: one for PetroChina (PTR), the publicly traded wing of CNPC, China’s largest oil company, and a second for its foreign partner, Royal Dutch Shell, the second-largest Western oil company. read more

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Australia Delays Ruling on Shell-PetroChina Bid

NOVEMBER 2, 2011, 4:52 A.M. ET

By DAVID WINNING And DAVID FICKLING

SYDNEY—Australia’s foreign-investment watchdog has pushed back by up to 90 days a decision on the takeover of coal-seam-gas developer Bow Energy Ltd. by a joint venture of Royal Dutch Shell PLC and PetroChina Co.

In a government notice to parliament, the Foreign Investment Review Board said it needed more time to decide whether to approve the 535 million Australian dollar (US$557 million) deal, which would enable Shell and PetroChina’s Arrow Energy venture to expand its proposed gas-export facility in Queensland state. read more

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Shell, PetroChina Unit Arrow Bids $540 Million for Australia’s Bow Energy

By James Paton – Aug 22, 2011 8:09 AM GMT+0100

Arrow Energy Ltd., owned by Royal Dutch Shell Plc (RDSA) and PetroChina Co., offered about A$520 million ($540 million) for Bow Energy Ltd. (BOW), seeking more resources to underpin a proposed liquefied natural gas project in Australia.

Arrow, a coal-seam gas explorer and producer in Queensland state, offered A$1.48 a share in cash, Brisbane-based Bow said today in a statement. That’s 67 percent more than Bow’s price of 88.5 cents in Sydney trading on Aug. 19. The shares surged 60 percent today to A$1.415 at the 4:10 p.m. close. read more

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PetroChina Sees Chance for Mergers, Acquisitions

BEIJING -- PetroChina Co., China's biggest oil company, expects China's slumping prices will help it rein in costs and sees the global economic downturn as an opportunity for overseas mergers and acquisitions. Company executives said they are in talks with international oil majors including Anglo-Dutch Royal Dutch Shell PLC, Britain's BP PLC and U.S. major Chevron Corp., along with state-owned oil giants in Qatar and Venezuela. Shell, BP and Chevron declined comment on specific deals.

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China Electricity Shortage Looks Unlikely to Spur Oil-Binge Rerun

In late June, Shell signed a letter of intent with Qatar Petroleum International and PetroChina, China's top oil producer, to study a joint-venture refining and petrochemical complex. Qatar would supply the oil, Shell the technology and project-management expertise, and PetroChina distribution in the market.

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PetroChina, Shell Start Gas Output at Well in Northern China

PetroChina Co., the nation's biggest oil company, andRoyal Dutch Shell Plc started production at a well in Changbei gas field in the northwestern province of Shaanxi, according to parent China National Petroleum Corp.

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Qatar, Shell to build China oil, petchem complex

PetroChina, Asia's top oil and gas producer and China's second-largest refinery, will own 51 percent in the proposed joint venture, while Shell and Qatar will each own 24.5 percent, said Shell and CNPC, parent of PetroChina.

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OECD scrutinises state-owned groups

Ten biggest (by market value) ExxonMobil, oil, $464bn Petrochina, oil, $407bn Gazprom, oil, $352bn General Electric, general industrial, $281bn China Mobile, mobile telecoms, $279bn Petrobras, oil, $278bn Microsoft, software, $265bn Industrial and Commercial Bank of China, banking, $252bn Royal Dutch Shell, oil, $252bn Wal-Mart, retailing, $227bn

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Cnooc Stock Arcs to New High

THE WALL STREET JOURNAL: Cnooc Stock Arcs to New High

“Four years ago, the Australian government blocked an effort by Shell to take control of Woodside on grounds it wasn’t in the national interest and limited Shell to a 34% stake. Analysts assume a takeover by Cnooc would run into similar obstacles.” Lack of Unocal Strain Cheers Investors, but Old Problems Linger

By MATT POTTINGER
Staff Reporter of THE WALL STREET JOURNAL
August 15, 2005; Page C12

BEIJING — Its attempt to purchase Unocal has failed and its expansion strategy appears stuck.

So why is Cnooc performing so well on the stock market?

The share price of China’s No. 3 oil and natural gas producer touched an all-time high last week, closing Friday at HK$6.05 (78 U.S. cents) on the Hong Kong stock exchange. The stock has been buoyed by soaring crude-oil prices and by the removal of uncertainty surrounding Cnooc’s $18.5 billion bid for Unocal, analysts say. Cnooc withdrew the bid this month amid fierce opposition in the U.S. Congress, paving the way for rival bidder Chevron to acquire the El Segundo, California, oil company. read more

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Bid Puts New Focus on China’s Oils

BARRON’SOnline: Bid Puts New Focus on China’s Oils

Monday 27 June 2005

By LESLIE P. NORTON

Emerging Markets

EVER SINCE ITS INITIAL public offering in 2001, China National Offshore Oil Corp., or Cnooc (ticker: CEO), has traded at a premium to the better- known PetroChina (PTR), notwithstanding billionaire Warren Buffett’s stake in the latter.

Growth prospects for Cnooc, which explores offshore for oil and gas, were perceived as superior. PetroChina was saddled with mature fields and difficult-to-extract reserves, as well as thousands of gas stations subject to price controls. The other Chinese oil stock, downstream play Sinopec (SNP), historically has traded at a discount to both. read more

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Reuters: Shell and PetroChina to develop gas field

Reuters: Shell and PetroChina to develop gas field

Tue May 17, 2005

BEIJING (Reuters) – PetroChina and Royal Dutch/Shell said on Tuesday they would go ahead with the joint development of the China’s Changbei natural gas field, with Shell as the operator.

Development costs for the project over its full life cycle, including the drilling of around 50 wells over 10 years, central processing facilities and inter-field pipelines, are expected to reach around $600 million, the firms said in a joint statement.

The two have a production sharing contract for the field, which is spread across the Inner Mongolia autonomous region and Shaanxi province and has estimated reserves of 50 billion cubic metres. read more

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Shell, PetroChina to invest 600 million usd developing Changbei natural gas field

AFX Europe (Focus): Shell, PetroChina to invest 600 million usd developing Changbei natural gas field

17 May 2005

AMSTERDAM (AFX) – Royal Dutch/Shell Group and PetroChina Co Ltd said they have agreed to invest 600 mln usd developing the Changbei natural gas field in north China.

The field is located in Shaanxi Province and the Inner Mongolia Autonomous Region and is expected to deliver 3 bln cubic meters of gas per year by 2008, to the cities of Beijing, Shandong, Hebei and Tianjin.

Shell, which will be the operator of the project under a production sharing contract with PetroChina, today signed drilling and construction contracts for the field development. read more

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Sinopec denies quitting project

Financial Times: Sinopec denies quitting project

“The company also announced a $187m joint venture with Royal Dutch/Shell to operate 500 petrol stations in eastern China.”

By Enid Tsui in Hong Kong

Published: August 31 2004

Chen Tonghai, chairman of Sinopec, one of China’s big three oil companies, yesterday denied that his company had withdrawn from the controversial west-east gas pipeline project in China.

The statement, made at a press conference in Hong Kong, contradicted an August 5 filing by rival Petrochina, which claimed that the joint venture framework agreement signed by all potential investors in the project, including Royal Dutch/Shell and Exxon-Mobil, had been terminated. read more

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Planet Ark: Shell in talks with China on Sakhalin gas deal

Planet Ark: Shell in talks with China on Sakhalin gas deal

CHINA: August 30, 2004

SHANGHAI – Energy giant Royal Dutch/Shell is keen to sell liquefied natural gas LNG.L from its Sakhalin project to China, as it vies with rivals such as BP to tap the market’s potentially explosive growth.

But the world’s third-biggest oil group RD.AS SHEL.L will first have to overcome pricing issues and a still tiny market for supplies from the island development off eastern Siberia’s coast.

Shell, the biggest private supplier of LNG with sales of more than eight million tonnes per year, is ramping up efforts to tap a gas market expected to boom in coming years as Beijing inches toward cleaner fuels. Rival BP BP.L is hard on its heels. read more

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China Economic Net: PetroChina says good-bye to Shell

China Economic Net: PetroChina says good-bye to Shell

Last Updated(Beijing Time):2004-08-10 17:34
Posted 12 August 04

Recently, PetroChina Company Limited (PetroChina) decided to terminate its two-year negotiation with Shell, Exxon Mobil Corporation and Gazprom. The joint venture negotiation was about the participation of these foreign energy groups in the projects of pipelines constructed by PetroChina.

The “West-to-East Natural Gas Transmission Project” is a heavyweight project that is rare in recent years in China. With the total investment of US$ 18 billion, the project involves a total of 4,200 kilometers in length from West China to Shanghai. Before the project started, PetroChina and these foreign energy groups attained a frame agreement in Beijing in July 2002. According to this agreement, in the joint-venture company, PetroChina would hold 50 percent stocks, China Petroleum and Chemical Corporation would have 5 percent, and Exxon Mobil, Shell and Gazprom would each possess 15 percent. The investment would be performed through capital stocks and bank loans. However, the subsequent formal contract failed to be concluded till the current termination of the negotiation. read more

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Pipeline pullout embarrasses Petrochina

Financial Times: Pipeline pullout embarrasses Petrochina

By Carola Hoyos, Uchenna Izundu and Richard McGregor

Published: August 4 2004 04:00 | Last updated: August 4 2004 04:00

Petrochina’s sharp termination of its joint venture negotiations with foreign energy groups over their involvement in a $18bn (€14.9bn, £9.8bn) west-to-east pipeline is embarrassing for China’s largest oil producer and its potential partners.

But the break-up will come as no surprise to the industry, which has long sensed that all was not well in the negotiations between the Chinese and the overseas participants, Royal Dutch/ Shell, ExxonMobil and Russia’s Gazprom. read more

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China Daily: PetroChina goes solo on gas line

China Daily: PetroChina goes solo on gas line

‘Two years of negotiations came to an end on Monday when PetroChina sent “letters of termination” to Royal Dutch/Shell’

Xie Ye

5 August 04

PetroChina officials and industry analysts yesterday insisted that the US$14.5-billion west-east gas pipeline project will be unaffected by the collapse of the proposed joint venture between PetroChina and a foreign consortium.

They said PetroChina, the nation’s largest oil company, has enough funding and technical capability to develop the project on its own.

The project includes the development of gas fields in the Xinjiang Uygur Autonomous Region, operation of a 4,000 kilometre pipeline and supplying gas to Shanghai, the nation’s economic hub. read more

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Oil Companies Quit China Pipeline Project

The Wall Street Journal: Oil Companies Quit China Pipeline Project

“Shell… the lead negotiator with PetroChina”

By XU YIHE

DOW JONES NEWSWIRES

August 4, 2004; Page A11

SINGAPORE — A consortium comprising Royal Dutch/Shell Group, Exxon Mobil Corp. and Gazprom OAO decided to pull out of PetroChina Co.’s $5.25 billion (€4.36 billion) West-East natural-gas project in China.

A Shell official said the consortium decided to pull out of the pipeline project because it was unable to find “common ground” with PetroChina. Shell is the lead negotiator with PetroChina. PetroChina couldn’t be reached for comment. 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, the oil giant, to unify

The Times: Need to Know: Global Business Briefing: “Royal Dutch/Shell, the oil giant, is to unify the boards of its Dutch and British holding 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.