Royal Dutch Shell plc .com Rotating Header Image

Posts from ‘January, 2009’

Girl shot dead in Nigerian Delta: father works for Royal Dutch Shell

An 11-year-old girl has been shot dead as she tried to prevent militants kidnapping her brother in Nigeria’s oil-producing Niger Delta region. The armed men seized the boy as the two walked to school in Port Harcourt, capital of Rivers State. The children’s father works for Royal Dutch Shell, a company spokesman said.

Click to continue reading “Girl shot dead in Nigerian Delta: father works for Royal Dutch Shell”

Questor analyses the investment prospects of Royal Dutch Shell, the oil company…

Production in 2008 fell 2pc year-on-year due to problems in Nigeria with the militant Movement for the Emancipation of the Niger Delta (MEND), asset disposals and a lower production sharing volumes.

Click to continue reading “Questor analyses the investment prospects of Royal Dutch Shell, the oil company…”

Shell posts 2.8 bln dlr loss on tumbling oil prices

LONDON (AFP) — Anglo-Dutch energy giant Royal Dutch Shell said Thursday it made a net loss of 2.81 billion dollars (2.15 billion euros) in the final quarter of 2008 as plunging oil prices slashed the value of inventories.

Click to continue reading “Shell posts 2.8 bln dlr loss on tumbling oil prices”

Shell says pension funds underfunded by $12 bln

LONDON, Jan 29 (Reuters) – Royal Dutch Shell Plc (RDSa.L) said its various pension funds around the world were underfunded by $11.83 billion after market turbulence hit asset values.

Click to continue reading “Shell says pension funds underfunded by $12 bln”

Shell announces record profits of £700 a second

While Shell hailed the figures, which represented a 14 per cent rise on the previous year, the profit triggered anger from the trade unions. “Shell is still feasting while the rest of us face famine. Its profits are the biggest in UK history,” said Derek Simpson, Unite’s joint general secretary. “A compelling case still remains for a windfall tax on the greedy energy companies. Working families are struggling in the face of the recession, the redistribution of windfall profits would help support Britain through these difficult times.”

Click to continue reading “Shell announces record profits of £700 a second”

Shell Says Canadian Oil-Sands Production Costs Rise

Jan. 29 (Bloomberg) — Royal Dutch Shell Plc, Europe’s largest oil company, said the cost of producing Canadian oil sands rose to about $38 a barrel last year, including fuel expenses.

Click to continue reading “Shell Says Canadian Oil-Sands Production Costs Rise”

Shell says all major projects on track

Reuters UK

Thu Jan 29, 2009 12:42pm GM

(Reuters) – Oil major Royal Dutch Shell Plc said all its major projects currently under construction were on track, despite concerns its U.S. refinery expansion programme was losing steam.

“All post-FID (Final Investment Decision) projects are on track for planned start up,” spokesman Adam Newton said when asked about a report that work on the Port Arthur refinery, which Shell co-owns with Saudi Aramco, had slowed.

The expansion is scheduled to be completed in 2010.

(Reporting by Tom Bergin)

 

Shell says oil sands focus on de-bottlenecking

Reuters India

Thu Jan 29, 2009 3:22pm IST

LONDON, Jan 29 (Reuters) – Oil major Royal Dutch Shell Plc (RDSa.L:QuoteProfileResearch) said its focus in the Canadian oil sands industry was on improving the functioning of its existing facilities rather than sanctioning new projects.

Chief Financial Officer Peter Voser said on a call with reporters on Thursday that cash costs in oil sands, including energy costs, is around $38/barrel.

(Reporting by Tom Bergin; Editing by Mike Nesbit)

 

Shell Posts First Loss in 10 Years as Oil Prices Drop

Jan. 29 (Bloomberg) — Royal Dutch Shell Plc, Europe’s largest oil company, posted its first quarterly loss in 10 years after lower oil prices reduced earnings from exploration and production and the value of inventories fell.

Click to continue reading “Shell Posts First Loss in 10 Years as Oil Prices Drop”

Shell reports $2.81 billion loss in 4Q

International Herald Tribune

The Associated Press

Published: January 29, 2009

AMSTERDAM, Netherlands: Royal Dutch Shell PLC, Europe’s largest oil company, has reported a $2.81 billion net loss for the fourth quarter as the price of oil fell sharply and it wrote down the value of its inventory.

The company had $8.47 billion in net profit in the same period a year earlier.

The company said Thursday sales fell 24 percent to $81.1 billion. Crude production was down less than one percent to 3.42 million barrels per day, but Shell’s selling price fell 29 percent to $58.40 as the global economic slowdown hit demand.

SOURCE ARTICLE