"In theory, either Exxon Mobil or RD Shell could consider a bid for BP" the analyst added. "They have similar business models and similar global asset structures. They also bear the lowest political risk to a potential combination with BP."
RIO DE JANEIRO (Dow Jones)--The Brazilian unit of Royal Dutch Shell (RDSA, RDSA.LN) discovered oil in the Campos Basin's presalt region, the company said Tuesday.
DUBAI, June 23 (Reuters) - The United Arab Emirates' would like Royal Dutch Shell (RDSa.L) to step in as its partner at the $10 billion Shah gas project after U.S. major ConocoPhillips (COP.N) withdrew, industry sources in the UAE said on Wednesday.
Australias second-largest oil and gas producer and its partners, including Royal Dutch Shell Plc, have opted to rely on floating liquefied natural gas technology for the development, saying that it will deliver the most revenue to both Australia and East Timor. The government of East Timor objects to any plan that doesnt include a gas processing plant in the country.
It was the last line of defense, the final barrier between the rushing volcanic fury of oil and gas and one of the worst environmental disasters in United States history.Its very name the blind shear ram suggested its blunt purpose. When all else failed, if the crew of the Deepwater Horizon oil rig lost control of a well, if a dreaded blowout came, the blind shear rams two tough blades were poised to slice through the drill pipe, seal the well and save the day. Everything else could go wrong, just so long as the pinchers went right. All it took was one mighty stroke. On the night of April 20, minutes after an enormous blowout ripped through the Deepwater Horizon, the rigs desperate crew pinned all hope on this last line of defense. But the line did not hold.