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Oando Oil's Managing Director Wale Tinubu attends an Oil and Gas conference in Nigeria's capital Abuja February 21, 2012. Attacks on oil pipelines, a dearth of funding from the state oil firm and regulatory uncertainty have dampened appetite for... View Photo »
Vice Chairman of Agip Oil Nigeria, Ciro Anthonio Pagano (L) attends an Oil and Gas conference in Nigeria's capital Abuja February 21, 2012. Attacks on oil pipelines, a dearth of funding from the state oil firm and regulatory uncertainty have dampened... View Photo »
Nigeria's Minister of Petroleum Resources Diezani Allison-Madueke speaks during an Oil and Gas conference in Nigeria's capital Abuja February 21 2012. Attacks on oil pipelines, a dearth of funding from the state oil firm and regulatory uncertainty have... View Photo »
Shell's director for sub-Saharan Africa Ian Craig speaks at an Oil and Gas conference in Nigeria's capital Abuja February 21, 2012. Attacks on oil pipelines, a dearth of funding from the state oil firm and regulatory uncertainty have dampened appetite... View Photo »
Employees of Royal Dutch Shell speak about removing thousands of old landmines and explosives left during the Iran-Iraq war at Majnoon oilfield in Iraq's southern province of Basra February 7, 2012. Iraq's Majnoon oilfield, operated with Royal Dutch... View Photo »
A policeman with a weapon keeps guard as he walks at a new jetty at Majnoon oilfield in Iraq's southern province of Basra February 7, 2012. The oilfield, operated with Royal Dutch Shell, should be ready to produce 175,000 barrels per day (bpd) by the... View Photo »
A flame rises from a tower at Majnoon oilfield in Iraq's southern province of Basra February 7, 2012. The oilfield, operated with Royal Dutch Shell, should be ready to produce 175,000 barrels per day (bpd) by the end of 2012, an output level that... View Photo »
Oil giant Royal Dutch Shell's CEO Peter Voser (R) and CFO Simon Henry attend the 4th quarter and full year results presentation in London February 2, 2012. View Photo »
Oil giant Royal Dutch Shell's CEO Peter Voser speaks at the 4th quarter and full year results presentation in London February 2, 2012. Royal Dutch Shell unveiled ambitious new growth plans alongside disappointing fourth quarter results on Thursday,... View Photo »
Workers dismantle a Shell petrol station after it closed in central London in a November 8, 2011 file photo. Royal Dutch Shell Plc reported a 14 percent rise in fourth quarter profits on Thursday, as high oil prices outweighed dismal industry-wide... View Photo »
Peter Voser, Chief Executive Officer Royal Dutch Shell, speaks during a plenary session of the last days at the 42nd Annual Meeting of the World Economic Forum, WEF, in Davos, Switzerland, Sunday, Jan. 29, 2012. View Photo »
Peter Voser, Chief Executive Officer, Royal Dutch Shell of the Netherlands, Co-Chair of the World Economic Forum Annual Meeting 2012, attends a session at the World Economic Forum (WEF) in Davos, January 25, 2012. View Photo »
A woman looks at crude oil collected in containers at the Atlantic ocean near Orobiri village,days after Royal Dutch Shell's Bonga off-shore oil spill, in Nigeria's delta state December 31, 2011. View Photo »
Villagers walk past jerrycans containing crude oil at the shore of the Atlantic ocean near Orobiri village,days after Royal Dutch Shell's Bonga off-shore oil spill, in Nigeria's delta state December 31, 2011. View Photo »
A woman reacts during a protest at Orobiri village,days after Royal Dutch Shell's Bonga off-shore oil spill, in Nigeria's delta state December 31, 2011. View Photo »
Villagers stand next to crude oil collected in containers at the shore of the Atlantic ocean near Orobiri village, days after Royal Dutch Shell's Bonga off-shore oil spill, in Nigeria's delta state December 31, 2011. View Photo »
Shell Bonga offshore oil vessel is seen off the coast of the Niger Delta in Nigeria, Monday, Dec. 26, 2011. Officials with Royal Dutch Shell PLC say they've contained the worst Nigeria offshore oil spill in more than a decade. Shell officials said... View Photo »
An unidentified shell worker is seen in the control room aboard the Shell Bonga offshore oil vessel, off the coast of Niger Delta in Nigeria, Monday, Dec. 26, 2011. Officials with Royal Dutch Shell PLC say they've contained the worst Nigeria offshore... View Photo »
An unidentified Shell worker stands next to a sign 'welcome to Bonga offshore oil vessel' off the coast of Nigeria, Monday, Dec. 26, 2011. Officials with Royal Dutch Shell PLC say they've contained the worst Nigeria offshore oil spill in more than a... View Photo »
Mutiu Sunmonu, Managing Director Shell Nigeria, speaks to journalists after a tour of the Shell Bonga offshore vessel in Lagos, Nigeria, Monday, Dec. 26, 2011. Officials with Royal Dutch Shell PLC say they've contained the worst Nigeria offshore oil... View Photo »
Royal Dutch Shell plc, commonly known simply as Shell, is a multinational oil company of Dutch and British origins. It is the second largest private sector energy corporation in the world, and one of the six "supermajors" (vertically integrated private sector oil exploration, natural gas, and petroleum product marketing companies). The company's... Full Article
Vice Chairman of Agip Oil Nigeria, Ciro Anthonio Pagano (L) attends an Oil and Gas conference in Nigeria's capital Abuja February 21, 2012. Attacks on oil pipelines, a dearth of funding from the state oil firm and regulatory uncertainty have dampened appetite for exploration of...
View Photo »Nigeria's Minister of Petroleum Resources Diezani Allison-Madueke speaks during an Oil and Gas conference in Nigeria's capital Abuja February 21 2012. Attacks on oil pipelines, a dearth of funding from the state oil firm and regulatory uncertainty have dampened appetite for exploration...
View Photo »Shell's director for sub-Saharan Africa Ian Craig speaks at an Oil and Gas conference in Nigeria's capital Abuja February 21, 2012. Attacks on oil pipelines, a dearth of funding from the state oil firm and regulatory uncertainty have dampened appetite for exploration of Nigeria's huge...
View Photo »Employees of Royal Dutch Shell speak about removing thousands of old landmines and explosives left during the Iran-Iraq war at Majnoon oilfield in Iraq's southern province of Basra February 7, 2012. Iraq's Majnoon oilfield, operated with Royal Dutch Shell, should be ready to produce...
View Photo »Oil giant Royal Dutch Shell's CEO Peter Voser (R) and CFO Simon Henry attend the 4th quarter and full year results presentation in London February 2, 2012.
View Photo »Oil giant Royal Dutch Shell's CEO Peter Voser speaks at the 4th quarter and full year results presentation in London February 2, 2012. Royal Dutch Shell unveiled ambitious new growth plans alongside disappointing fourth quarter results on Thursday, raising concerns about how much profit...
View Photo »Peter Voser, Chief Executive Officer Royal Dutch Shell, speaks during a plenary session of the last days at the 42nd Annual Meeting of the World Economic Forum, WEF, in Davos, Switzerland, Sunday, Jan. 29, 2012.
View Photo »Peter Voser, Chief Executive Officer, Royal Dutch Shell of the Netherlands, Co-Chair of the World Economic Forum Annual Meeting 2012, attends a session at the World Economic Forum (WEF) in Davos, January 25, 2012.
View Photo »Peter R. Voser, chief executive officer of Royal Dutch Shell, center, and Abdulkareem Luaibi, the Iraqi Oil Minister shake hands after a signing ceremony in Baghdad, Iraq, Sunday, Nov. 27, 2011. Iraq on Sunday signed a multibillion-dollar deal with Royal Dutch Shell PLC and Japan's...
View Photo »Peter R. Voser, Chief Executive Officer of Royal Dutch Shell, left, and Iraqi oil Minister Abdulkareem Luaibi, right, attend a signing ceremony in Baghdad, Iraq, Sunday, Nov. 27, 2011. Iraq on Sunday signed a multibillion-dollar deal with Royal Dutch Shell PLC and Japan's Mitsubishi...
View Photo »Royal Dutch Shell Chief Executive Peter Voser (L) speaks with Iraqi Oil Minister Abdul-Kareem Luaibi during a ceremony to sign contracts at the Oil Ministry headquarters in Baghdad November 27, 2011. Iraq signed a final $17 billion deal with Royal Dutch Shell and Mitsubishi on Sunday...
View Photo »Royal Dutch Shell company's Chief Executive Peter Voser speaks at a news conference after signing contracts at the Oil Ministry headquarters in Baghdad November 27, 2011. Iraq signed a final $17 billion deal with Royal Dutch Shell and Mitsubishi on Sunday to capture flared gas at...
View Photo »Turkish Energy Minister Taner Yildiz (L) shakes hands with Royal Dutch Shell Executive Director of Exploration and Production Malcolm Brinded in Ankara on November 23, 2011 during the signing of exploration and production sharing agreements between TPAO and Shell in the Mediterrenean province...
View Photo »Turkish Energy Minister Taner Yildiz (L) smiles with Royal Dutch Shell Executive Director of Exploration and Production Malcolm Brinded (R) as they exchange gifts in Ankara on November 23, 2011 during the signing of an exploration and production sharing agreements between TPAO and...
View Photo »Turkish Energy Minister Taner Yildiz (C) smiles as Royal Dutch Shell Executive Director of Exploration and Production Malcolm Brinded (R) of and the chairman of the state-owned Turkish Petroleum Corporation (TPAO) Mehmet Uysal exchange gifts in Ankara on November 23, 2011 during the...
View Photo »Turkish Energy Minister Taner Yildiz (C) smiles as Royal Dutch Shell Executive Director of Exploration and Production Malcolm Brinded (R) of and the chairman of the state-owned Turkish Petroleum Corporation (TPAO) Mehmet Uysal exchange documents in Ankara on November 23, 2011 during the...
View Photo »Turkish Energy Minister Taner Yildiz (C) applauds as Royal Dutch Shell Executive Director of Exploration and Production Malcolm Brinded (R) of and the chairman of the state-owned Turkish Petroleum Corporation (TPAO) Mehmet Uysal shake hands in Ankara on November 23, 2011 during the signing...
View Photo »A policeman with a weapon keeps guard as he walks at a new jetty at Majnoon oilfield in Iraq's southern province of Basra February 7, 2012. The oilfield, operated with Royal Dutch Shell, should be ready to produce 175,000 barrels per day (bpd) by the end of 2012, an output level that...
View Photo »A flame rises from a tower at Majnoon oilfield in Iraq's southern province of Basra February 7, 2012. The oilfield, operated with Royal Dutch Shell, should be ready to produce 175,000 barrels per day (bpd) by the end of 2012, an output level that triggers cost recovery and service fee...
View Photo »A general view of Royal Dutch Shell's Pulau Bukom offshore petroleum complex in Singapore in this September 28, 2011 file photo. Oil major Shell has declared force majeure on some customers following a fire that forced the closure of its 500,000 barrels-per-day refinery in Singapore, a...
View Photo »Singapore Civil Defense Force personnel return from the Royal Dutch Shell refinery on Pulau Bukom, five kilometers (three miles) off Singapore, Friday, Sept. 30, 2011. A fire that engulfed parts of the 500,000 barrel-a-day oil refinery in Singapore for two days has been extinguished,...
View Photo »A view of the Royal Dutch Shell's Pulau Bukom offshore petroleum complex in Singapore on September 30, 2011, after the refinery caught fire on September 28. A fire that disrupted production in Shell's largest refinery will affect regional supplies of gasoline and other products in the...
View Photo »Part of the Royal Dutch Shell refinery is seen on Pulau Bukom, five kilometers (3 miles) off Singapore, Friday Sept. 30, 2011. A fire that engulfed parts of the 500,000 barrel-a-day oil refinery in Singapore for two days has been extinguished, the company said. Aside from utilities, it...
View Photo »A general view of Royal Dutch Shell's Pulau Bukom offshore petroleum complex in Singapore September 29, 2011. Royal Dutch Shell Plc is shutting its half-a-million barrels-per-day Singapore refinery and could also shut the linked chemical complex as firefighters struggle to contain a...
View Photo »A container vessel sails past Royal Dutch Shell's Pulau Bukom offshore petroleum complex in Singapore September 29, 2011. Royal Dutch Shell Plc is shutting down its entire Singapore refinery, the company's largest, to get the fire that broke out on Wednesday under control, a senior...
View Photo »Vice Chairman of Agip Oil Nigeria, Ciro Anthonio Pagano (L) attends an Oil and Gas conference in Nigeria's capital Abuja February 21, 2012. Attacks on oil pipelines, a dearth of funding from the state oil firm and regulatory uncertainty have dampened appetite for exploration of...
View Photo »We hope that this action by a global player in the energy field will act as a wake-up call to Royal Dutch Shell and other companies who still pursue their applications to frack in South Africa.
The new venture will be called Basra Gas Company, with Iraq holding a 51% stake, Royal Dutch Shell’s 44% and Mitsubishi 5%.
