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Posts under ‘Forbes’

Shell to boost production, cut more jobs

Associated Press,  03.16.10, 05:46 AM EDT AMSTERDAM — Royal Dutch Shell PLC says it will boost production by 11 percent by 2012 from 2009 levels, slightly more than previously forecast, and sell assets and cut more jobs. The targeted output rise, to 3.5 million barrels of oil per day, would reverse a decade of production [...]

Shell stops selling gasoline to Iran

Associated Press 03.10.10, 10:23 AM EST AMSTERDAM — Royal Dutch Shell Plc said Wednesday it has stopped selling gasoline to Iran, the latest company to cease business with a country that is increasingly targeted by U.S.-encouraged sanctions. “We do not currently sell any gasoline to Iran,” said Rayiner Winzenried, a Shell spokesman in The Hague. [...]

Shell reports attack on Nigeria oil flow station

Associated Press, 03.03.10, 07:47 AM EST LAGOS, Nigeria — Royal Dutch Shell PLC says unknown gunmen have attacked an oil flow station in the restive Niger Delta. Tony Okonedo, a spokesman for the company said Wednesday that explosives planted at the Kokori flow station in the western half of the Delta detonated, damaging the unused [...]

Shell, IBM to find ways to extend oil field life

Associated Press, 02.26.10, 12:52 PM EST HOUSTON — Royal Dutch Shell PLC and IBM Corp. are teaming up to research how to extend the life of oil and natural gas fields. IBM‘s analytic and simulation experience will be melded with Shell’s subsurface and reservoir expertise to create a more efficient and accurate picture of how [...]

Feds’ offer of new oil shale leases nets 3 takers

In a separate investigation, the Department of Justice is looking at whether former Interior Secretary Gale Norton used her position to steer three of the leases issued in 2007 to Royal Dutch Shell PLC, her employer after she left the federal government.

Sniffing Oil From The Sky

Jonathan Fahey, 01.21.10, 06:00 PM EST Shell is working to detect hydrocarbons in the air and track them to oil deposits under the earth’s surface. Here’s a curious place to look for an oil field buried under thousands of feet of rock: the sky. But that’s where Royal Dutch Shell ( RDSA – news – [...]

The World’s Biggest Oil Reserves

Christopher Helman, 01.21.10, 12:00 PM EST Chances are your energy needs are going to flow from one of these 10 fields in the future. HOUSTON — This month Iraq will finalize contracts with the likes of ExxonMobil, Royal Dutch Shell and BP to develop some of its biggest oil fields. These giants are among the [...]

Big Oil Worries About The Next Boom

Rather the worry is that oil and gas companies, Schlumberger included, that cut hundreds of staff when prices plunged, won’t have enough hands on deck to develop new resources fast enough when demand growth returns.

A Fine Mess For U.S. Refineries

Meanwhile, Motiva, the refining joint venture of Saudi Aramco and Royal Dutch Shell, has slowed the $7 billion expansion of its Port Arthur, Texas, refinery to a crawl.

Shell to cut 350-450 senior managers in overhaul – web site

05.30.09, 11:04 AM EDT LONDON, May 30 (Reuters) -Royal Dutch Shell Plc plans to cut 350-450 senior management roles as it restructures to cut costs and improve operational performance, according to a website to which Shell employees post internal information. The cuts represent almost 30 percent of Shell’s ‘Senior Executive Group’ layer of management, John Donovan, [...]

Shell to sell most French fuel stations – report

Thomson Reuters 05.05.09, 04:43 PM EDT PARIS, May 5 (Reuters) - Royal Dutch Shell Plc plans to sell 70 percent of its French fuel stations and cut by a third its 1,200 person work force in France, French newspaper Les Echos reported in its Wednesday edition. The Anglo-Dutch oil major will divest 240 out of the 340 stations it [...]

Shell’s Brash Biofuels Partner

In a partnership with Royal Dutch Shell, Codexis aims to be first to market with a next-generation biofuel.

INTERVIEW-Iraq MPs seeking to revoke Shell gas deal

SHARJAH, United Arab Emirates, April 16 (Reuters) – Iraq’s parliamentary oil and gas committee is seeking to revoke a multi-billion dollar gas deal signed by the oil ministry and Royal Dutch Shell ( RDSA – news – people) last year, the committee’s secretary said on Thursday.

2009 Forbes Global 2000: Royal Dutch Shell ranked No 2 in the World’s Biggest Companies

� Courtesy Royal Dutch Shell No. 2: Royal Dutch Shell Industry: Oil and gas operations U.K. Its $458 billion in revenues puts this integrated petroleum company in first place in sales and second in our Global 2000 composite ranking based on sales, profits, assets and market value. SOURCE ARTICLE

Shell restarts Ike-damaged pipeline; Poseidon down

The Auger pipeline segment damaged by Hurricane Ike in the U.S. Gulf of Mexico last September returned to service over the weekend, a Shell official said Monday