Posts on ‘June 5th, 2012’

By Katarzyna Klimasinska – Jun 5, 2012 6:46 PM GMT+0100 The U.S. is considering final permits letting Royal Dutch Shell Plc (RDSA) explore for oil in the Arctic Ocean as the nation seeks to keep pace with Russia, Norway and Canada, Interior Secretary Ken Salazar said. Shell is closer to drilling as many as five [...]

Tue Jun 5, 2012 3:02pm EDT * Crude unit expected back in operation Wednesday A.M. * New unit was centerpiece of $10-billion expansion HOUSTON, June 5 (Reuters) – A newly commissioned 325,000 barrel per day (bpd) crude distillation unit at Motiva Enterprises’ 600,000 bpd Port Arthur, Texas, refinery remained out of production on Tuesday for [...]

Paul Garvey From: The Australian June 06, 2012 12:00AM HIGH cost pressures faced by the oil and gas industry have been reflected in Royal Dutch Shell’s contrasting approach to two separate liquefied natural gas developments, with Shell chief executive Peter Voser signalling that progress at the company’s huge Arrow LNG project in Queensland would not [...]

Up to 5 wells planned for Beaufort, Chukchi seas this summer. By JENNIFER A. DLOUHY Houston Chronicle Published: June 4th, 2012 10:31 PM SEATTLE — Alaska officials on Sunday toured two drilling rigs docked in a Seattle shipyard as Shell showed off improvements it has made to the vessels that are poised to begin boring [...]

KUALA LUMPUR, June 5 | Tue Jun 5, 2012 12:17am EDT (Reuters) – Oil prices will weaken more in the second half of 2012 as demand reacts to the slowing global economy and international political tensions ease, Royal Dutch Shell Chief Executive Peter Voser said on Tuesday. Brent crude dropped below $100 a barrel recently [...]

Jun 4, 2012 By Ben Lefebvre, Of DOW JONES NEWSWIRES PORT ARTHUR, Texas -(Dow Jones)- Royal Dutch Shell PLC (RDSA) hopes to be drilling for oil offshore Alaska by the summer, Chief Executive Peter Voser said Thursday. The move to drill in Alaska’s Beaufort Sea would help the oil giant gain advantage in the global [...]

Published June 05, 2012 Dow Jones Newswires Royal Dutch Shell PLC (RDSA) Chief Executive Peter Voser Tuesday said he believed Greece will stay in the European Union and in the euro, and that the common currency will stay intact despite the euro zone’s sovereign debt problems and economic downturn.”The euro clearly will stay intact, the [...]

By Dinakar Sethuraman, Rakteem Katakey and Yee Kai Pin on June 05, 2012 Exxon Mobil Corp. (XOM) (XOM), the world’s biggest energy company, and Royal Dutch Shell Plc (RDSA) said a U.S.- led transformation of the natural-gas market will boost the global economy even as oil becomes more expensive. “Natural gas is quickly becoming a [...]

By James Paton on June 05, 2012 Royal Dutch Shell (RDSA) Plc, Europe’s largest oil company, sees no urgency over what to do with its $6 billion stake in Australia’s Woodside Petroleum Ltd. (WPL), Chief Executive Officer Peter Voser said today. “We are under no urgency or pressure to do anything,” Voser told reporters today [...]

PETER JACKSON  Associated Press First Posted: June 04, 2012 – 6:21 pm Last Updated: June 04, 2012 – 6:21 pm HARRISBURG, Pa. — Gov. Tom Corbett is proposing tax credits worth $66 million a year for Shell Oil Co.’s planned petrochemical refinery in western Pennsylvania. Corbett has not publicly discussed the tax break, but a top [...]

June 4, 2012 By GURDEEP SINGH KUALA LUMPUR—European oil major Royal Dutch Shell RDSA +0.29% PLC said Tuesday that its early drilling results for shale gas in China are encouraging and it now expects to make its development in the country a profitable proposition. Shell signed the first production-sharing contract to explore, develop and produce shale [...]