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Posts Tagged ‘China’

Oil price could fall to $70 in 2012 amid volatility, Shell warns

Oil prices could fall to $70 a barrel during 2012, from current levels above $110, as high volatility in the economy and energy markets becomes “a fact of life”, Royal Dutch Shell executives said. By Emily Gosden: 3 February 2012 The oil giant unveiled its 2011 results on Thursday, with a 54pc jump in full-year [...]

PetroChina Boosts Shell Ties With 20% Stake in Shale Project

February 02, 2012, 11:40 AM EST By Bloomberg News Feb. 3 (Bloomberg) — PetroChina Co., the country’s biggest energy producer, boosted ties with Royal Dutch Shell Plc after agreeing to buy a 20 percent stake in its Groundbirch shale-gas project in Canada. Shell will remain the operator of the project, Mao Zefeng, the Beijing-based senior [...]

Can Big Oil Repeat Its Big Year?

JANUARY 23, 2012 By LIAM DENNING Even today, $1.67 trillion is a lot of money. That is the amount wiped off the combined market capitalization of the top 50 energy companies between the end of 2007 and the end of 2011. Breaking it down offers big clues on Big Oil’s prospects for 2012. Every year, [...]

Shell-PetroChina gas project hits record output

Jan. 11, 2012, 11:34 p.m. EST By Wayne Ma BEIJING -(MarketWatch)- The Changbei natural gas project owned by PetroChina Co. PTR +0.27% and Royal Dutch Shell PLC in northern China produced a record 3.5 billion cubic meters in 2011, the official Xinhua news agency reported late Wednesday. The facility’s gas output was up slightly from [...]

Shell CEO Says the Potential for Shale Gas in Europe Is Limited

By John Buckley Jan. 11 (Bloomberg) — Royal Dutch Shell Plc chief Peter Voser said the potential for shale gas development in Europe is limited by the region’s regulations and its dense population. Shell expects expansion in shale and tight gas — which is locked in rock that’s difficult and expensive to break — in [...]

Chevron, Conoco Entrapped in Post-BP Crackdown on Oil Slicks

By Joe Carroll, Juan Pablo Spinetto and Edward Klump – Dec 23, 2011 10:15 AM GMT Brazil’s threatened indictment of Chevron Corp. (CVX) and Transocean Ltd. (RIG) executives after offshore oil leaks shows that regulators from the North Sea to the Indian Ocean are stepping up scrutiny after BP Plc’s 2010 disaster. Brazilian authorities have [...]

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, [...]

CNPC Relies on Shell, Exxon Mobil to Develop Chinese Shale Gas

December 08, 2011, 10:58 AM EST By Wael Mahdi Dec. 8 (Bloomberg) — China National Petroleum Corp. will rely on help from Royal Dutch Shell Plc and Exxon Mobil Corp. amongst others to develop its shale gas resources. CNPC is working with Shell on a project in central China to develop shale gas, its president [...]

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, [...]

Secret saga behind a 9 billion barrel block in Nigeria

From AFRICA ENERGY INTELLIGENCE 24 AUGUST 2011 After ten years of maneuvering and court cases, Shell ended up by offering to buy Malabu Oil & Gas’ offshore block OPL 245 (see our report in AE1 656). The stakes in the game were indeed high. lying alongside Total’s Akpo block, the acreage could contain up to [...]

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?

Peter Voser article: Burning issue for leadership

Updated: 2011-11-09 By Peter Voser (China Daily) Coordinated global response is needed to meet challenge of providing more energy for more people and cutting CO2 Our world reached a significant milestone on Oct 31 when a mother gave birth to the Earth’s 7 billionth inhabitant. At this rate, the Earth will be home to more [...]

CNPC, Shell refinery JV in deal with local govt

Thu Oct 13, 2011 12:47am EDT * Planned JV won initial approval, pending final green light * Latest pact shows sincere intention to cooperate * Shell likely to lead in the Shell-Qatar side * Imported condensate eyed as feedstock for petchem BEIJING, Oct 13 (Reuters) – A proposed refinery, a petrochemical joint venture between China’s [...]

Is fracking set to transform the oil market?

COLUMN-Is fracking set to transform the oil market? John Kemp (John Kemp is a Reuters market analyst. The views expressed are his own) By John Kemp Oct 12 (Reuters) – Hydraulic fracturing and horizontal drilling revolutionised the natural gas market, unlocking huge quantities of previous unrecoverable reserves trapped in tight rock formations. The question is [...]

Oil Price Volatility Will Remain for Next Decade, Peter Voser Says

BUSINESS CHINA 11 Oct 2011 5 Questions with Shell CEO Peter Voser Q. At SIEW 2011, you will be speaking on the future of energy. Can you provide us with a sneak preview on where you see the future of energy? A: The global energy system is in the early stages of a historic transformation. [...]