Sept. 7 (Bloomberg) — Royal Dutch Shell Plc, Europe’s largest oil company, delayed deploying most staff back to offshore platforms in the Gulf of Mexico because of an approaching hurricane.
Posts on ‘September 7th, 2008’
BAGHDAD: Iraq’s Cabinet approved an initial gas agreement Sunday between the Oil Ministry and Royal Dutch Shell to invest in a joint venture to tap natural gas in southern Iraq, a government statement said.
BAGHDAD, Sept 7 (Reuters) – The Iraqi cabinet has approved a preliminary natural gas deal between Royal Dutch Shell and the state-run South Oil Company, the government spokesman said on Sunday.
The world’s second-largest non-government-controlled oil company by market value, Royal Dutch Shell, is likely to benefit most among the oil majors, analysts said. The company invested heavily in squeezing crude from bitumen-soaked soil in Alberta, and in extracting gas locked in coal beds in Australia and China, as it sought to rebuild its asset base after a reserves overbooking scandal in 2004.
However, Campbell Keir, Shell’s chairman in Kazakhstan, tells an old joke that illustrates just how dominated the country is by Russia and China: “When a Kazakh wakes up, he opens his eye to the west to see if the bear is growling. If it isn’t, the Kazakh turns his head to the east to see if the dragon is breathing fire. If it isn’t either, the Kazakh gets out of bed.”
HOUSTON (Reuters) – Shell Oil Co said it stopped returning workers to offshore platforms in the Gulf of Mexico on Saturday due to Hurricane Ike’s threat to pass through oil and natural gas production areas next week.
…Robert Dudley, the BP-appointed chief executive of the company, was forced to flee Russia to a secret location in central Europe after what BP called an orchestrated campaign of harassment…