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Posts on ‘March 2nd, 2009’
Brunei Shell Refinery hosted a dinner on Saturday for His Royal Highness Prince Haji Al-Muhtadee Billah, the Deputy Sultan at the Royal Brunei Polo and Riding Club to commemorate the 25th anniversary of its establishment.
BG likely hopes the move is a winning step in its battle with Royal Dutch Shell PLC’s Australian joint-venture partner, Arrow Energy Ltd., for the coal-seam gas producer.
Shell, heavily invested in equities, saw its investment portfolio decline by 40 per cent in 2008.
BP and Royal Dutch Shell, Europe’s largest oil companies by market value, will not perform as well as some of their European rivals and may have to cut their dividends because crude oil prices have fallen to around $40 a barrel, a leading UK brokerage has warned investors.