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Posts on ‘July 25th, 2012’

Shell Looks To Lengthen Arctic Drilling Season Amid Deadlines

Dow Jones Newswires: Published July 25, 2012 Royal Dutch Shell PLC (RDSA, RDSA.LN) is scrambling to take advantage of a shrinking opportunity to drill for oil in the Arctic Ocean this summer, recently asking the Obama administration to allow it to get an early start on planned wells there, people familiar with the issue said. [...]

Big oil on the back foot in changing energy world

Wed Jul 25, 2012 * State-backed Asian groups rival big Western firms * Nimble specialists trouble U.S., European majors * Resource nationalism a rising challenge * Majors remain strong in tough environments By Andrew Callus LONDON, July 25 (Reuters) – It happens every time. Oil prices fall and the industry turns cannibal: big energy companies [...]

Shell profit to dip in Q2

July 25, 2012 AMSTERDAM — Royal Dutch Shell, Europe’s biggest oil company, is due to report second quarter results on Thursday before markets open in Europe. WHAT TO WATCH FOR: Shell won’t earn quite as large a net profit as it did in the second quarter of 2011, due to lower oil prices and fewer [...]

Shell Signs Deal With China’s State Oil Producers to Get Access

By Brian Swint – Jul 25, 2012 12:18 PM GMT+0100 Royal Dutch Shell Plc (RDSA), Europe’s biggest oil company, expanded cooperation with China’s state- backed producers, giving it more access to reserves in the world’s second-largest economy. The London-based company signed two offshore production- sharing contracts with Cnooc Ltd. (883) for the Yinggehai basin and [...]

Shell ups China presence with CNOOC tie-up

LONDON | Wed Jul 25, 2012 8:48am EDT (Reuters) – Oil major Shell (RDSa.L) sealed an exploration tie-up with China’s state-run oil firm CNOOC (0883.HK) on Wednesday in a move which will help secure longer term growth from projects in the world’s energy-hungry second largest economy. Shell said it agreed two partnership deals with CNOOC, [...]

Exxon may lead drop in global oil profits on lower prices

Top Houston companies by market value Posted on July 25, 2012 at 6:40 am by Bloomberg The world’s largest oil companies are poised to report a drop in second-quarter earnings after crude prices declined for the first time in three years. Exxon Mobil Corp. (XOM), the world’s biggest oil company by market value, will probably [...]

Shell Revises Agreement With CNPC To Boost Tight Gas Output

July 25, 2012 By Wayne Ma and Alexis Flynn BEIJING–Royal Dutch Shell PLC (RDSB) Wednesday revised an existing agreement with China National Petroleum Corp., or CNPC, to further develop tight gas at the joint Changbei project in northern Shaanxi Province. Tight gas is an unconventional natural gas that is harder to extract because the deposit [...]

Shell Signs Upstream Deals With CNOOC, CNPC For China, Gabon Projects

07/25/2012 | 06:27am US/Eastern LONDON–Royal Dutch Shell PLC (RDS.LN) Shell announces Wednesday that it signed two offshore oil and gas Production Sharing Contracts, or PSCs, with the China National Offshore Oil Corporation, or CNOOC, and a PSC amendment with CNPC, the China National Petroleum Corporation, for a new development phase for the Changbei gas field [...]