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Posts on ‘July 15th, 2009’

Advance notice of Shell 2nd quarter 2009 results

From a Royal Dutch Shell Press Release Advance notice of 2nd quarter 2009 results and interim dividend announcement At 07.00 BST (08.00 CEST and 02.00 EDT) on Thursday 30 July, 2009 Royal Dutch Shell plc will release its second quarter results and second quarter interim dividend announcement for 2009. Register now for the webcasts. These [...]

Heritage Oil up on talk of Shell making bid

Shares in Heritage Oil, of which Mr Buckingham is chief executive and in which he has a 33 per cent stake, soared by more than 11 per cent amid speculation that Royal Dutch Shell may gatecrash its £3.5 billion merger with Genel Energy of Turkey.

Exxon’s algae to join biofuel push

ExxonMobil and Craig Venter, the pioneer of human genome research, have set up a $600m partnership to research the potential for making biofuels from algae.

Royal Dutch Shell rumoured to be interested in gatecrashing merger

Traders saw the logic in such a move. Not only would a bid for Heritage boost Shell’s reserves, it would help it recover some ground against BP, whose consortium last month won the rights to develop Iraq’s biggest oilfield.

Exxon’s algae

Energy Source (Ed Crooks): Exxon, the west’s biggest oil company, has launched a new research programme into producing biofuels from algae, in a break from its general antipathy towards alternative energy.

Shell Claims Spot as World’s Largest Company

NEW YORK — Oil giant Royal Dutch Shell replaced mass retailer Walmart as the world’s largest company, according to the latest annual survey by Fortune magazine, which ranks the largest companies by revenues, not profits. Up two spots from last year’s global list, the magazine said Royal Dutch Shell raked in $15 billion more in [...]

SMO Inc. Acquires 73 Shell Stations

LA PLATA, Md. — SMO Inc. an affiliate of Maryland-based branded wholesaler The Wills Group Inc., entered into a joint venture agreement with Motiva Enterprises LLC to form Potomac Energy Holdings LLC and subsequently acquired 73 existing Shell-branded retail locations in Maryland, The Wills Group stated. As reported in a CSNews Online newsflash late yesterday, [...]

Nigeria’s Main Rebel Group Declares 60-Day Cease-Fire

Sabotage at Shell’s oil plants in the delta region, where it is the largest international producer, is the main reason behind an increase in worker deaths and oil spills last year, the company said at its annual general meeting at The Hague on May 19.

Oil industry profits expected to fall sharply

For the second straight quarter, Exxon Mobil, Royal Dutch Shell and most of the world’s largest oil companies are poised to report quarterly earnings that pale in comparison to a year ago, when results were buoyed by crude prices that topped out near $150 a barrel.