Mixed Signals between China National Petroleum Corp and Shell
The comment refuted media reports that Shell senior executives had showed signs of wanting to cut the company’s expenditures on the project many times…
China National Petroleum Corp (CNPC) said it was not informed that its Dutch partner would downsize the investment on their jointly explored shale gas project in Southwest China’s Sichuan Province, Shanghai-based newspaper China Business News reported on Monday.
An unnamed CNPC representative was quoted by the report as saying that the cooperation between CNPC and Royal Dutch Shell Plc remains the same. The two signed a shale gas production sharing contract in Sichuan in 2012.
The comment refuted media reports that Shell senior executives had showed signs of wanting to cut the company’s expenditures on the project many times due to the exploration difficulties as a result of complicated geological conditions and dense population.
More alleged fraud in Nigeria
The trial of Chidi Adabanya, a former employee of Shell Petroleum Development Company (SPDC), who, along with some officials of the Bayelsa State Government, allegedly obtained the sum of N1.9 billion from the oil company through a phony consultancy contract for development permit in the Gbanran- Ubie project, has resumed before Justice Adeniyi Ademola of the Federal High Court, Abuja.Shell Sells More Nigerian Assets
By John Donovan
According to a report published by The Wall Street Journal, Shell has signed agreements to sell off all of the Nigerian oil assets it put on sale in 2013. Shell has now made sale and purchase agreements for four Nigerian oil blocks.
Total CEO’s Larger-Than-Life Character Respected Across Energy Industry: Shell CEO
Royal Dutch Shell’s CEO Ben Van Beurden speaks during a press conference.
MOSCOW, October 21 (RIA Novosti) – French oil and gas company Total CEO Christophe de Margerie was a larger-than-life character that was respected across the energy industry, energy group Shell CEO Ben van Beurden told RIA Novosti on Tuesday.
“I’m extremely sad to hear about the tragic loss of Christophe de Margerie. Christophe was a larger than life character, a leader respected across the energy industry and a friend,” Beurden said.
“My thoughts are with his wife and family, and his many thousands of colleagues at Total,” he added.
Russian President Vladimir Putin, Prime Minister Dmitry Medvedev, Energy Minister Alexander Novak and French President Francois Hollande have also expressed their condolences over de Margerie’s death.
The Total chief executive was on board the business jet departing for Paris when it crashed late Monday night in Moscow’s Vnukovo-3 Airport after it hit a snowplow during takeoff. De Margerie was the only passenger on board the aircraft, apart from three crew members. No one survived the crash.
Russia’s Investigative Committee is investigating the accident, considering traffic control errors, the snowplow driver’s actions, poor weather conditions and pilot error as possible causes of the plane crash. The investigators said that the snowplow driver was drunk but the driver’s lawyer said his client was sober due to a heart condition preventing him from drinking.
Shell Midstream Partners files for $750M IPO
NEW YORK — Shell Midstream Partners LP filed for an initial public offering that could be worth about $750 million before expenses and discounts. Shell Midstream was formed by Royal Dutch Shell, and it will focus on acquiring pipelines and other midstream assets. Shell Midstream’s assets include stakes in Zydeco Pipeline Co., Mars Oil Pipeline Co., and Bengal Pipeline Co., which all operate in Louisiana, Texas, and Mississippi.The TRUTH will set you FREE.
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