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Posts under ‘Dow Jones Newswires’

Shell Brent Charlie Platform Shut-In Since July – Regulator

“A prohibition notice was served on Shell July 1 over hydrocarbon release issues on the Brent C platform. The rig is currently ‘shut in’… SEPTEMBER 14, 2011 LONDON (Dow Jones)–The U.K. offshore regulator issued Royal Dutch Shell PLC (RDSA.LN) with two warnings in July for safety incidents at its aged Brent Charlie platform in the [...]

Shell On Track To Deliver Growth Targets For 50%-80% Cashflow By 2012

SEPTEMBER 9, 2011 LONDON (Dow Jones)–Royal Dutch Shell PLC (RDSA.LN), Friday confirmed that it has made solid progress in starting up three world-class oil & gas projects in 2011, which at peak will add some 400,000 barrels oil equivalent, and is on track to deliver its strategic targets for 50-80% growth in cash flow from [...]

UK Offshore Regulator Mulls Naming North Sea Spill Offenders

The organization tasked with policing safety on U.K. North Sea oil and gas installations said Wednesday it is prepared to change the way it publishes information on leaks and other incidents, amid criticism of a lack of transparency around Royal Dutch Shell PLC’s recent spill at the Gannet Alpha platform. By Alexis Flynn Published September [...]

Cost hike on Shell Iraq deal

upstreamonline.com Cost hike on Shell Iraq deal Iraq’s gas deal with supermajor Shell, to capture and exploit associated gas from its giant southern oilfields, is expected to produce 2 billion cubic feet per day and cost $17.2 billion, according to an official agreement summary. Aleya Begum 16 August 2011 09:38 GMT The figures were reported [...]

Shell Fighting Oil Spill At North Sea Platform

AUGUST 12, 2011 12.23 P.M. ET LONDON (Dow Jones)–Royal Dutch Shell PLC (RDSB) Friday confirmed that an oil spill has occurred at its Gannet Alpha platform in the U.K. North Sea. “We can confirm we are managing an oil leak in a flow line that serves the Shell-operated Gannet Alpha platform,” said Shell spokesman Kim [...]

Royal Dutch Shell has 14.40% Drop in Stock Price

Royal Dutch Shell (NYSE:RDS.B), which bottomed at $71.82 on 08/02/11, the day Congress resolved the debt crisis, has since dropped 14.4% to its most recent close of $61.48. Over the same time period the Dow Jones Industrial Average fell 9.7% from 11,866 to 10,720 as of the last close. Royal Dutch Shell PLC, through subsidiaries, [...]

Shell Receives Approval To Drill At Gulf Of Mexico Europa Field

Aug 4, 2011 HOUSTON -(Dow Jones)- Royal Dutch Shell (RDSA) said Thursday it has received approval from federal regulators to drill a new well at its Gulf of Mexico Europa field. The permit will allow Shell, one of the largest producers in the Gulf, to return all of its five contracted drilling rigs to work, [...]

Slumping Output Raises Tough Questions For European Oil Giants

By Alexis Flynn, Of DOW JONES NEWSWIRES LONDON -(Dow Jones)- When Europe’s major oil companies reported quarterly earnings last week, headlines across national capitals once again excoriated the petroleum giants for soaring profits in the face of consumers anger at high fuel prices. Yet the profits couldn’t mask a trend that continues to trouble Wall [...]

Shell CEO: In Early Talks With Rosneft, ‘Interested’ In Arctic

By Alexis Flynn: Published July 28, 2011 Dow Jones Newswires LONDON -(Dow Jones)- Royal Dutch Shell PLC (RDSA.LN) Chief Executive Peter Voser said Thursday the Anglo-Dutch energy giant is in early stage talks with Russia and OAO Rosneft (ROSN.RS) about further opportunities in the country after the recent collapse of a proposed BP PLC (BP)-Rosneft [...]

Shell to Exit Natural-Gas Project in Canada

JULY 15, 2011 By EDWARD WELSCH CALGARY, Canada—Royal Dutch Shell PLC said Friday it plans to sell its stake in a long-stalled, C$16.2-billion (US$17 billion) natural-gas production and pipeline project in Canada’s far north, as well as its other assets in the region. The fate of the Mackenzie Gas Project, which envisions bringing natural gas [...]

ConocoPhillips To Split Refining, Production Arms

July 14, 2011 -Since the end of 2005, ConocoPhillips shares have risen 27.8%, compared with Exxon Mobil and Chevron, up 46.8% and 85.12%, respectively. – Blow to legacy of CEO Jim Mulva, who said he’ll retire once the separation is complete. – Analysts: Conoco may have felt spinning off downstream assets a more immediate way [...]

Shell CEO: Company ‘Learned’ From Russian Experience -Report

By London Bureau Published July 08, 2011 Dow Jones Newswires LONDON -(Dow Jones)- Anglo-Dutch oil giant Royal Dutch Shell PLC will take lessons it learned from past negative experiences in Russia to aid it in future, Chief Executive Peter Voser said in an interview with Swiss newspaper Finanz und Wirtschaft to be published Saturday. When [...]

Shell Executive: No Emergency To Warrant Release From Oil Reserve

June 30, 2011 HOUSTON -(Dow Jones)- There was no emergency in oil markets to warrant the globally coordinated oil release announced last week, a top executive from oil giant Royal Dutch Shell PLC (RDSA) said Thursday. “That oil is there for emergency purposes. Do I consider now an emergency? I have to say I don’t,” [...]

East Timor Wants Shell Excluded From Sunrise Development Talks

JUNE 22, 2011 SYDNEY (Dow Jones)–East Timor is calling for Royal Dutch Shell PLC. (RDSB.LN) to be excluded from discussions about the development of the Greater Sunrise gas field, claiming its promotion of floating liquefied natural gas technology represents a conflict of interest. East Timor has consistently opposed the use of a floating LNG vessel [...]

Motiva refutes assertion of sole-source supply for Port Arthur refinery

Jill Davis, Media, Issues and Crisis Manager for Shell Oil Company has confirmed the authenticity of this Motiva Statement – June 14, 2011 A Dow Jones Newswire article published Friday, June 10, 2011 (below), discussed the future source of crude oil supplies for Motiva Enterprise’s Port Arthur, Texas, facility.  The article referenced a source who [...]