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Posts Tagged ‘Saudi Arablia’

Shell boss hopes Saudi tensions will not hit supply

Shell CEO Ben van Beurden

The head of oil giant Royal Dutch Shell has warned that the crisis over the disappearance of Saudi journalist Jamal Khashoggi should not be allowed to shake the security of energy supply.

Ben van Beurden told Sky News that he was “glued” to coverage of the case and not just because it “may lead to geopolitical tensions that may affect markets”.

He said disruption to the sector would be “an unhelpful outcome” for all concerned.

Shell, the biggest company by value on London’s FTSE 100 Index, has investments of more than $8bn and 2,000 staff in oil-rich Saudi Arabia. read more

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Saudi Aramco to spend $18 billion on growth in the Americas: Motiva

FILE PHOTO: Logo of Saudi Aramco is seen at the 20th Middle East Oil & Gas Show and Conference (MOES 2017) in Manama, Bahrain, March 7, 2017. REUTERS/Hamad I Mohammed/File Photo

Saudi Aramco plans to spend $18 billion in the next five years to expand its operations in the Americas, focusing on its U.S. oil refining subsidiary Motiva Enterprises, Motiva said on Thursday.

Motiva [MOTIV.UL] called the $18 billion estimate “a general framework of opportunities” to increase refining capacity, branch into chemicals, and expand its commercial operations, marketing and branded presence in the next five years. read more

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Shell celebrates 75 years of partnership with Saudi Arabia

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Mar 20, 2016

RIYADH – Shell in Saudi Arabia commemorated its 75th anniversary at an event hosted on Wednesday in the presence of Prince Sultan Bin Salman, President and Chairman of the Board Saudi Commission for Tourism and Antiquities (SCTA) as the guest of honor and Shell’s CEO Ben van Beurden. In attendance were Prince Mohammed K.A. Al-Faisal, CEO of Faisaliah Group; Abdulaziz bin Turki Al Faisal, Khalid Al-Falih, Minister of Health and Chairman of the Board of Saudi Aramco; Amin Nasser, CEO of Saudi Aramco, and Sheikh Mohammed Al Jomaih. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, shellnews.net and cybergriping.com are all owned by John Donovan

WikiLeaks cables: Saudi Arabia cannot pump enough oil to keep a lid on prices

guardian.co.uk home

US diplomat convinced by Saudi expert that reserves of world’s biggest oil exporter have been overstated by nearly 40%

John Vidal, environment editor: Tuesday 8 February 2011 22.00 GMT

Saudi oil refinery. WikiLeaks cables suggest the amount of oil that can be retrieved has been overestimated. Photograph: George Steinmetz/Corbis

The US fears that Saudi Arabia, the world’s largest crude oil exporter, may not have enough reserves to prevent oil prices escalating, confidential cables from its embassy in Riyadh show.

The cables, released by WikiLeaks, urge Washington to take seriously a warning from a senior Saudi government oil executive that the kingdom’s crude oil reserves may have been overstated by as much as 300bn barrels – nearly 40%. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, shellnews.net and cybergriping.com are all owned by John Donovan

SFO scarred by BAE Systems, Al-Yamamah, Saudi Arabia corruption scandal (in which Shell played a key role)

Serious Fraud Office: "...attempting to rebuild internal and external confidence in an organisation scarred by the enforced withdrawal, on Government instructions, of its investigation into bribery allegations swirling around BAE Systems and its Al-Yamamah contract with Saudi Arabia."

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, shellnews.net and cybergriping.com are all owned by John Donovan
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