Market Data 
Markets
Replies to post #6525 on The Rising Influence of Rising Affluence
02/26/13 4:44 PM
Shell has agreed to acquire from several Repsol subsidiaries which own key LNG businesses of Repsol. Upon completion, after securing regulatory approvals and meeting other conditions precedent, the transaction will add net 4.2 mtpa equity LNG plant capacity comprising:
• ALNG trains 1-4 14.6 mtpa capacity, on a 100% basis (20-25% equity per train); operated by Atlantic LNG Company of Trinidad and Tobago
• Peru LNG 4.45 mtpa capacity, on a 100% basis (acquisition: 20% equity; 100% offtake); operated by Peru LNG Company
• BBE power plant in Spain (25%, 800MW); operated by Bahía de Bizkaia Electricidad S.L.
• A fleet of LNG carriers, comprising both long term and short term time charters.
• A material LNG marketing and trading operation, with 7.2 mtpa of LNG volumes through long-term off-take agreements.
• As part of this agreement, Shell has committed to supply around 0.1 mtpa of LNG to Repsol's Canaport LNG terminal in Canada over a period of 10 years.
03/24/13 1:26 PM
04/19/13 1:45 PM
For more than a decade, the promised bonanza from Kazakhstan's giant offshore Kashagan oil field has been a costly mirage for its developers. And the wait still isn't over.
… Kashagan's potential upside is enormous, said Laurent Ruseckas, a consultant with IHS CERA who advises companies in Kashagan. Oil is now trading at close to $90 a barrel, and the 370,000 barrels a day Kashagan is projected to produce in its first phase is supposed to triple as companies make further investments.
But technical challenges and strained relationships among the operating companies and with the Kazakh government have made the project "a nightmare for almost 10 years," said Fadel Gheit, an oil-company analyst with Oppenheimer & Co. When production does start, it will largely be in Shell's hands, since a joint venture between Shell and KMG [KazMunaiGas, Kazakhstan's national oil company] is operating that phase…
…Kashagan's challenges were evident from the time big oil companies—including Eni, Exxon, Shell, Total SA, Statoil, BP, and BG Group—explored the area after the Soviet Union's breakup. Companies signed a production-sharing agreement with the Kazakh government in 1997 that expires in 2041 and allows companies to recover much of their costs before paying a big portion of oil revenue to the government. Of the initial foreign oil-company players, only Eni, Exxon, Total and Shell remain.
… The reservoir is about 12,000 feet below the northeast Caspian Sea floor and mixed with toxic sulfur gas. The sea freezes for several months a year, requiring companies to build concrete drilling islands since the deep freeze would destroy normal offshore equipment.
05/02/13 7:10 AM
Mr. Voser, 55, joined Shell in 1982 and took over as chief executive in 2009, when he quickly moved to restructure the company to cut costs. He consolidated divisions, cut 150 of the company's 750 senior executive positions and moved to eliminate about 5,000 jobs in his first year.
He also continued Shell's strategy of trying to dominate the world-wide natural-gas business—a decision that has seen Shell expand its gas capabilities at a time when U.S. prices plunged because of the boom in shale gas.
… Shell's operational performance has been solid under Mr. Voser, but investors haven't rewarded the company, in part because of its high capital expenditures, said Macquarie analyst Jason Gammel.
The announcement of Mr. Voser's retirement came as Shell beat analysts' expectations of a 4% rise in profit for its fiscal first quarter, largely because of improved profit margins in refining. Total oil and gas production increased very slightly to 3.56 million barrels of oil equivalent per day.
05/08/13 6:54 PM
The development will start with two subsea production wells tied back to the FPSO vessel, followed later by six additional production wells. This first phase of development is expected to have annual peak production of 50,000 boe/d from more than 250 million boe of recoverable resources. The Stones field has significant upside potential and is estimated to contain over 2 billion boe of oil in place.
…The Stones field is located in 9,500 feet (2,896 meters) of water [!], approximately 200 miles (320 kilometers) southwest of New Orleans, Louisiana, and was discovered in 2005.
10/21/13 4:37 PM
A consortium of companies, including Royal Dutch Shell plc, Petrobras, Total, CNPC and CNOOC, won today a 35-year production sharing contract to develop the giant Libra pre-salt oil discovery located in the Santos Basin, offshore Brazil. The Brazilian regulator, Agencia Nacional do Petroleo (ANP), estimates Libra's recoverable resources of between 8 to 12 billion barrels of oil.
…Shell holds 20% in the consortium, with Petrobras 40% as operator, Total 20%, CNPC 10% and CNOOC 10%.
…The production sharing contract is expected to be signed in November 2013. As part of the winning bid, Shell will pay its 20-percent share of the total signing bonus of USD $1.4 billion…
The ultra-deep water Libra accumulation is located in Santos Basin, approximately 170 kilometers (105 miles) off the coast of Rio de Janeiro.
AI
