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Shell, Petronas Sign Contracts For Two Malaysian Oil Projects

JANUARY 16, 2012

SINGAPORE (Dow Jones)–Oil major Royal Dutch Shell PLC (RDSB.LN) said Monday it has signed two production-sharing contracts with Malaysia’s state-owned oil and gas company Petroliam Nasional Bhd. for enhanced oil recovery projects offshore Sarawak and Sabah.

The two companies had agreed in November to jointly develop the oil fields in Malaysia using enhanced oil recovery techniques, in a project that was valued at $12 billion, Petronas had said then.

The project is expected to help the Malaysian national explorer extract a greater portion of oil from its existing reserves and extend the life of its oil fields. read more

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Petronas, Shell in $12 Billion Oilfield Development Deal

NOVEMBER 11, 2011

By GURDEEP SINGH

SINGAPORE—Malaysia’s state-owned oil and gas company Petroliam Nasional Bhd. said Friday that it has agreed with Royal Dutch Shell PLC to jointly develop oilfields in Malaysia using enhanced oil recovery techniques.

The companies say the $12 billion project will help the Malaysian national explorer extract a greater portion of oil from its existing reserves and extend the lives of its oilfields.

The Malaysian company, also called Petronas, has been grappling with shrinking output from aging fields and targets capital expenditure of 50 billion ringgit-55 billion ringgit ($15.89 billion-$17.47 billion) a year over the next five years to replace and refurbish them. 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

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Extraordinary letter from Shell whistleblower Dr John Huong

Because my stand on this matter in consonant with Shell Group Business Principles, its governance and with Malaysian national interests in mind, I made my concerns known internally at Shell. Shell made me feel that I had sinned for having a moral compass and a conscience.

My name is Dr John Huong. Until May 2003 I was a Shell geologist for almost 30 years – a management level employee of Shell Malaysia. I specialised in many areas of earth sciences including Micropalaeontology, Petrology, Sedimentology, Field Geology, Bio-Sequence Stratigraphy, Operation Geology, Exploration Geology, Reservoir Geology and Production Geology.  I am also conversant with Petrophysics, Petroleum Engineering (i.e. Well Engineering, Reservoir Engineering) and Petroleum Economics.  In the company, I belonged to the Malaysian Senior Staff Council (MSSC) and was once its Vice President. read more

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Shell-Petronas win Iraq’s Majnoon oil deal

December 11, 2009 By The Associated Press SINAN SALAHEDDIN (Associated Press Writer)

BAGHDAD (AP) — A consortium led by European oil giant Shell has won the rights to develop Iraq’s giant Majnoon oil field, an almost 13 billion barrel behemoth that is the largest on offer in the country’s second international oil auction.

Iraqi Oil Minister Hussain al-Shahristani said Friday that Shell and Malaysia’s state-run oil company, Petronas, beat out another consortium grouping France’s… read more

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Shell to Sell Zimbabwe Petroleum Assets to Petronas (Update1)

Royal Dutch Shell Plc, Europe's biggest oil producer, will sell all its petroleum assets in Zimbabwe after President Robert Mugabe was reappointed last month in a disputed election following a decade of recession.

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Despite rocketing prices, outlook is bleak for oil majors

"It's more and more difficult now to know which are national companies and which are majors because the majority of the nationals are becoming internationals," said Linda Cook, head of gas and electricity at Anglo-Dutch Shell.

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Baghdad opens door to foreign developers

Jeroen van der Veer, chief executive of Royal Dutch Shell, said he hoped the agreements could be signed in "a matter of weeks".

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Rampant Corruption in Malaysia

"Datak" Jon Chadwick, now a Shell Gas & Power VP, received a title from the Malaysian government for his co-operation with the corrupt regime during his unfortunate tenure as County Chairman of Shell Malaysia.

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Energy Firms See a Bonanza in Australia

Malaysia's state-owned Petroliam Nasional, or Petronas, did a deal with Santos, while Royal Dutch Shellcompleted one with Arrow Energy.

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Shell involved in Petronas litigation

NEW DELHI, June 3 — Oil giant Petronas has filed a US$100 million (RM322 million) lawsuit against India's Adani Energy Ltd for failing to comply with an agreement to import liquefied natural gas (LNG).

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Petronas RM600 billion profit: Where has it all gone

...very few Malaysians have access to Petronas’ detailed accounts. Where is the accountability and transparency in the use of these massive amounts of public funds?

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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.

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Shell Global Solutions sees chances in rising oil price

Spurred by soaring global oil prices, Shell Global Solutions (SGS), a subsidiary of Dutch oil giant Shell, will focus on developing advanced technology to boost economic benefits, its executives say.

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UPDATE 2-Shell to pay $739 mln for Australian gas stake

SYDNEY, June 2 (Reuters) - Royal Dutch Shell said on Monday it will pay $739 million for an interest in Arrow Energy Ltd's coal seam gas projects, as competition heats up for Australia's vast coal seam gas assets, driving Arrow shares up by a fifth.

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Australia strikes it rich as oil majors scent big potential of coal-seam gas

Yesterday, Arrow Energy the fourth-largest producer was in a trading halt as energy majors, rumoured to include Shell, circled. Analysts say that BP, ENI and Total are interested.

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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.

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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. read more

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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. read more

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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. read more

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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. read more

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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%. read more

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AFX Europe (Focus): Malaysia’s Petronas-Shell jv makes new gas discovery

AFX Europe (Focus): Malaysia’s Petronas-Shell jv makes new gas discovery

Sep 07, 2004

KUALA LUMPUR (AFX) – CS Mutiara Petroleum, a Petronas-Shell joint venture, has discovered gas in Block PM301, off the coast of Peninsular Malaysia, according to a statement issued by the company.

The Bunga Zetung-1 well, initially drilled on July 9, reached a depth of 1,876 meters and encountered four gas zones, with estimated recoverable reserves of 0.2 trln standard cubic feet, it added. The gas discovery will be subject to further technical evaluation.

Bunga Zetung-1 is the second successive discovery in Block PM301, following the success of the Bunga Karnelia gas discovery in Nov 2003. read more

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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%). read more

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Out of Asia . . . oil firm that aims to conquer the West

The Times: Out of Asia . . . oil firm that aims to conquer the West

By Carl Mortished

July 03, 2004

A toehold in Wales is just the start for Petronas, a state company with global aims

YOU cannot see Milford Haven from the 82nd floor of the Petronas Towers in Kuala Lumpur. For Tan Sri Mohamed Hassan Marican, the chief executive of the Malaysian state oil company, whose office floats above the clouds, that must be a disappointment. As far as he is concerned, the horizon already extends as far as the Pembrokeshire coast.

Earlier this year Petronas acquired a toehold in Britain, joining BG Group and Petroplus, a Dutch company, in a project to erect a new piece of industrial kit on the site of an old refinery in the Welsh estuary. 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.