Shell To Start Output At Brazil BC-10 Oil Block In 2009-Valor

Posted on May 8, 2008 by John Donovan.
Categories: CNNMoney.com.

RIO DE JANEIRO -(Dow Jones)- Royal Dutch Shell PLC (RDSA) next year will start producing from heavy oil fields in the BC-10 block in Brazil’s Campos Basin, the Valor newspaper said Thursday.

Click to continue reading “Shell To Start Output At Brazil BC-10 Oil Block In 2009-Valor”

Taxing oil profits: Proceed with caution

Posted on May 7, 2008 by John Donovan.
Categories: CNNMoney.com, Oil Prices.

“If our profits are taxed, that means we’ll have less capital to invest in new production” and it could raise gas prices, John Hofmeister, president of Shell U.S., recently told CNNMoney.com.

Click to continue reading “Taxing oil profits: Proceed with caution”