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Posts under ‘Exxon Mobil’

Shell enters shale oil and gas project in Argentina

Shell has agreed to partner with Argentina’s Medanito on a shale oil and natural gas project in southwestern Argentina, with plans to invest at least $200 million over the next five years, a person involved in the deal said Thursday.

Shell’s Brazil Venture Reaches Accord With BP on Jet-Fuel Assets

By Arnaldo Galvao and Lucia Kassai – Dec 15, 2011 4:38 PM GMT Royal Dutch Shell Plc (RDSA) and Cosan Industria & Comercio SA’s joint venture in Brazil has reached a preliminary accord to sell its jet-fuel unit to BP Plc, the nation’s antitrust regulator said today. The venture, called Raizen, was granted an additional [...]

Shell Canada sells 250 Gas Stations

Sobeys buys Shell gas stations in Atlantic Canada, Que. The Canadian Press:  Thu Dec. 15 2011 2:44:52 PM STELLARTON, N.S. — The Sobeys grocery store chain is expanding its gasoline retailing business with the purchase of 250 gas stations in Atlantic Canada and Quebec from Shell Canada. Canada’s second-biggest grocery chain already has gas bars [...]

CNPC Relies on Shell, Exxon Mobil to Develop Chinese Shale Gas

December 08, 2011, 10:58 AM EST By Wael Mahdi Dec. 8 (Bloomberg) — China National Petroleum Corp. will rely on help from Royal Dutch Shell Plc and Exxon Mobil Corp. amongst others to develop its shale gas resources. CNPC is working with Shell on a project in central China to develop shale gas, its president [...]

BP, Shell Plan to Resume Exploration, Boost Production in Libya

December 07, 2011, 8:58 AM EST By Robert Tuttle and Anthony DiPaola Dec. 7 (Bloomberg) — BP Plc and Royal Dutch Shell Plc, Europe’s biggest oil companies, aim to resume exploration in Libya, whose new government seeks to stabilize relations with foreign companies following the ouster of Muammar Qaddafi. Both companies are evaluating whether to [...]

Big Oil sees energy bonanza ahead

Oil industry executives appearing Tuesday at the World Petroleum Congress in Doha, Qatar. DOHA, Qatar (CNNMoney) — Just three years after fears of an energy supply shortage, executives of the world’s leading oil companies now foresee a bonanza of oil and natural gas on the horizon. In 2008, concern that a rapidly developing world was [...]

Big Oil Heads Back Home

Energy companies are shifting their focus away from the Middle East and toward the West—with profound implications for the companies, global politics and consumers DECEMBER 5, 2011 By GUY CHAZAN Big Oil is redrawing the energy map. For decades, its main stomping grounds were in the developing world—exotic locales like the Persian Gulf and the [...]

Shell, Qatar Petroleum Sign Accord for $6.4 Billion Petrochemicals Complex

By Robert Tuttle – Dec 4, 2011 3:54 PM GMT Qatar Petroleum and Royal Dutch Shell Plc (RDSA) signed a heads of agreement to develop a petrochemicals plant in the Gulf country for an estimated cost of $6.4 billion. State-run Qatar Petroleum will have an 80 percent stake in the project and Shell the remainder, [...]

Learning Too Late of the Perils in Gas Well Leases

So Mr. Ely said he was surprised several years later when the drilling company, Cabot Oil and Gas, informed them that rather than draining and hauling away the toxic drilling sludge stored in large waste ponds on the property, it would leave the waste, cover it with dirt and seed the area with grass. He knew that waste pond liners can leak, seeping contaminated waste.

Is Exxon mounting a bid for Shell?

By John Donovan SHELL/EXXON MERGER? INDUSTRY RUMOR BROUGHT TO OUR ATTENTION SATURDAY 26 November 2011 21:50:53 GMT BY A SHELL RELATED SOURCE, A REGULAR CONTRIBUTOR OF  INFORMATION. “Rumour in the industry is that Exxon is mounting a bid for Shell…” WARNING: This is a *rumor… *a story or statement in general circulation without confirmation or [...]

Shell Could Replace Exxon in Southern Iraq

NOVEMBER 21, 2011 By HASSAN HAFIDH BAGHDAD—The Iraqi oil ministry could ask Royal Dutch Shell PLC to develop Iraq’s supergiant West Qurna Phase 1 oil field in southern Iraq, if the government decides to terminate Exxon Mobil Corp.’s contract after it signed a deal to explore for oil in the Kurdish region of the country, [...]

TPAO has reached an agreement with Royal Dutch Shell to explore for oil and gas off of Turkey’s Mediterranean coast

Balkan Business News Correspondent – 21.11.2011 Turkey’s state-owned oil company, Turkish Petroleum Corporation (TPAO), has reached an agreement with Royal Dutch Shell to explore for oil and gas off of Turkey’s Mediterranean coast. The deal between TPAO and the Dutch oil giant covers drilling in the maritime zones off of Turkey’s southern province of Antalya. [...]

Shell pulls out of Kurdistan oil talks – FT

LONDON | Wed Nov 16, 2011 7:39pm EST Nov 17 (Reuters) – Royal Dutch Shell Plc has pulled out of oil-development talks with the Kurdistan regional government in an effort to protect lucrative investments in southern Iraq, the Financial Times reported on Thursday. The newspaper cited people familiar with the discussions as saying Baghdad is [...]

Biggest Oil Find in Decades Becomes $39 Billion Cautionary Tale

After 11 years and $39 billion of investment, Exxon Mobil Corp., Royal Dutch Shell Plc (RDSA) and their partners have yet to sell a drop of oil from what was touted as the world’s biggest discovery in four decades.

Shell cited by EPA for fake biofuel credits

Companies cited by EPA for fake biofuel credits By Ayesha Rascoe WASHINGTON | Tue Nov 15, 2011 4:05pm EST (Reuters) – Energy and financial companies caught up in a scheme involving fraudulent renewable energy credits could now face civil fines from the U.S. Environmental Protection Agency. The EPA has issued 24 notices of violation to [...]