CALGARY, Alberta, July 8 (Reuters) – Royal Dutch Shell Plc (RDSa.L:Quote, Profile, Research) has canceled plans to build a new multibillion-dollar refinery near Sarnia, Ontario, due to poor market conditions and surging costs, the oil major said on Tuesday.
Posts on ‘July 8th, 2008’
Shell may process oil sands crude at US refineries Tue Jul 8, 2008 1:59pm EDT CALGARY, Alberta, July 8 (Reuters) – Royal Dutch Shell Plc (RDSa.L: Quote,Profile, Research, Stock Buzz) may process tar-like crude from its Canadian oil sands holdings at some of its U.S. refineries, rather than at a proposed C$27-billion ($26-billion) plant in Alberta, the head [...]
Despite “unprecedented” community and government support, Shell Canada has announced it will not proceed with its refinery project in St. Clair Township.
Major disappointment for Sarnia Lambton Tuesday. Shell is abandoning plans for a multi billion dollar heavy oil refinery in St Clair Township.
Last week, an attack by militants close to the Bonny Island Liquefied Natural Gas export terminal killed nine people, including a pregnant woman and four soldiers.
Royal Dutch Shell Plc (RDSA) is receiving Mexican crude oil at or above levels stipulated in its contract with Petroleos Mexicanos, or Pemex, at its Deer Park, Texas, refinery, Shell said in an email Monday. Shell spokesman Destin Singleton said the refinery also receives crude from other sources.
As prices have risen, worries about energy security and long-term climate effects have reached a fever pitch.
Beyond proving an adage in Russian investing do not turn your back on your Russian partner the vote highlighted the continuing struggle of BP to maintain control over a pumping asset that is exceptionally important for its global business.
Gordon Brown’s hopes of a thaw in Britain’s relationship with the Kremlin received a setback yesterday after “sharp-edged” talks with the new Russian president, Dmitry Medvedev.
The great oil shock of 2008 is bad enough for us. It poses a mortal threat to the whole economic strategy of emerging Asia.
UK oil companies Shell and Esso have agreed to sell assets in the North Sea to the Abu Dhabi National Energy Company, Taqa.
However, he appears to have won only a temporary respite from their attempts to remove him.
Robert Dudley, the BP-backed chief executive of TNK-BP, survived a move by BPs Russian partners in the oil venture to have him dismissed on Monday…
Linda Cook, the head of gas and power at Royal Dutch Shell, has moved into pole position to be the first woman chief executive of a major international oil company, after Peter Voser, the companys chief financial officer, was reported to have dropped out of the race.
Royal Dutch Shell said it extended the life of its Gulf of Mexico oil field by 10 years after injecting water to push out displaced crude.