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Top job shake-up at Shell in pipeline as new chief eyes costs

Shell has suffered a small exodus of talent in the past six months, including Lynn Laverty Elsenhans, 52, who reported to Mr Routs as head of refining and chemicals and was seen as a strong candidate to succeed him. Losing too many more top executives would be embarrassing.

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Shake-up in pipeline as Shell chief eyes costs

Royal Dutch Shell is considering changing the structure of its top executive team, in a move seen by some industry insiders as a precursor to a wider shake-up under Peter Voser, who takes over as chief executive in July.

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Oil groups expect $40 barrel

The world’s national oil companies expect oil prices to fall further and will cancel most planned investment projects even at current levels, according to the head of a Chinese state-owned group.

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No moves on Iraq oil law in KRG-Baghdad talks

Get your copy of the Shell-Iraq gas Heads of Agreement.

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ConocoPhillips, a Cheap Big Oil Play

ConocoPhillips’ strength in natural gas production and oil refining and recent oil deals in Russia and the Mideast make its beaten-down shares promising

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Chevron declares Nigeria oil exports force majeure

U.S. energy giant Chevron declared a force majeure in Nigeria on Tuesday after a main supply pipeline to its Escravos export terminal was sabotaged last week, forcing it to shut in around 90,000 barrels per day.

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Alaska denies Exxon permit for ice road

The Alaska Department of Natural Resources has denied ExxonMobil Corp. a permit to build a seasonal ice road to carry equipment to an oil and gas field the state says it has seized.

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Shell, Aramco, Petrobras Speed Project Spending Cuts

Nov. 19 (Bloomberg) — The biggest oil companies including Saudi Aramco,Royal Dutch Shell Plc and Petroleo Brasileiro SA are accelerating spending cuts and delaying projects as the world enters a recession, said Morgan Stanley & Co.

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Oil Tanker Attack May Spur Increased Security, New Routes

Shell’s liquefied natural-gas shipments from Qatar may be disrupted by the increased risk of offshore attacks, according to Deloitte’s Widdershoven. “This attack was the biggest thing that could happen and if they can pull this off, they can also hijack an LNG tanker.”

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Global energy investment hit by financial crisis

Nov 18 (Reuters) - The growing financial crisis and plunging energy prices have forced companies to scale back spending and delay projects, with expensive ventures in the Canadian oil sands hardest hit.

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