Voser

MOSCOW— Royal Dutch Shell PLC Chief Executive Peter Voser met Russia's top energy official Wednesday to discuss joint projects on Russia's Arctic shelf, the Black Sea and Sakhalin-3, but he said the company won't seek to swap shares with state oil champion OAO Rosneft.

Russia, Shell Discuss Arctic Shelf Projects Alexander Kolyandr 2011

Shell's boss, Peter Voser, dismisses suggestions it would be a good time to launch a BP takeover but Dudley did not rule out the idea he could do his own break-up in the wake of similar moves by ConocoPhillips and Marathon Oil.

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Chief executive Peter Voser said: "We are making good progress against our targets and there is more to come from Shell."

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Voser and Sechin also "discussed the deepening of the company's cooperation with its Russian partners," in particular the Sakhalin-2 and Sakhalin-3 projects, a statement on the government's website said.

Russia, Shell Discuss Arctic Shelf Projects Alexander Kolyandr 2011

The meeting between Mr. Voser and Deputy Prime Minister Igor Sechin , who oversees the oil-and-gas sector, came two days after Russian Energy Minister Sergei Shmatko said he doesn't expect Rosneft and BP PLC to revive their strategic alliance after it was blocked by BP's existing Russian partners, a group of Soviet-born billionaires known as AAR.

Russia, Shell Discuss Arctic Shelf Projects Alexander Kolyandr 2011

In 2012, Shell will produce for the first time more gas than oil, CEO Peter Voser has said.

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Peter Voser, chief executive officer of Royal Dutch Shell, addressed this is an op-ed in China Daily, where he wrote that we must, focus on the ways in which water, energy and food are interconnected.

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I was unable to reach Shell CEO Peter Voser, to personally thank him for six years of productive partnership in creating sustainable communities for victims of calamities and conflicts in our vulnerable areas and for their support In helping us build the first of 24 GK Village Universities for social innovations in the Philippines.

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"Our results have rebounded substantially from year-ago levels, with improved earnings and cash flow, underpinned by a 5 percent increase in oil and gas production," said Chief Executive Peter Voser in a statement.

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Mr. Voser met with Gazprom CEO Alexei Miller in April to discuss potential joint projects in Russia as well as Gazprom's participating in Shell's exploration and production projects elsewhere.

Russia, Shell Discuss Arctic Shelf Projects Alexander Kolyandr 2011