BEIJING, June 13 | Thu Jun 13, 2013 7:01am EDT (Reuters) – Royal Dutch Shell has signed a letter of intent with a private Chinese energy firm to build a liquefied natural gas (LNG) import terminal in east China, a Shell China official said on Thursday. The pact, though non-binding, marks a rare cooperation [...]
Posts under ‘Reuters’
Norway grants 24 oil licenses in Arctic-focused round
Wed Jun 12, 2013 6:16am EDT * 24 licenses awarded to 29 companies * Statoil, Shell, Conoco, Total, ENI among winners * 36 oil firms had applied, 86 blocks were on offer OSLO, June 12 (Reuters) – Norway awarded 24 oil and gas exploration licences on Wednesday, focusing on the Arctic Barents Sea, [...]
Shell under the skin, 10 years after crisis
For years, the independent investigation by law firm Davis Polk & Wardwell showed, executives had exchanged emails about “lying” and “fooling the market”. The would-be whistleblower, Van de Vijver, wrote in December 2003 that a report on the real reserves position “needs to be destroyed”. By Andrew Callus LONDON | Wed May 29, 2013 7:31pm [...]
Shell says to invest $30 billion in Australia over five years
BRISBANE | Mon May 27, 2013 3:19am BST (Reuters) – Royal Dutch Shell plans to invest $30 billion in Australia over the next five years, the firm’s outgoing chief executive Peter Voser said in a speech at an industry conference on Monday. Voser, who built the oil company into a leader in liquefied natural gas, [...]
Commodities trader sues BP, Shell and Statoil for alleged price fixing
(Reuters) – A commodities trader has filed suit against BP Plc, Royal Dutch Shell Plc and Statoil in a U.S. federal court, accusing the companies of colluding to fix prices in North Sea Brent crude oil. Thu May 23, 2013 4:33pm EDT (Reuters) – A commodities trader filed suit against BP Plc (BP.L), Royal Dutch [...]
Shell says hunt for new CEO is underway
By Andrew Callus THE HAGUE | Tue May 21, 2013 9:35am EDT (Reuters) – The hunt for Royal Dutch Shell’s (RDSa.L) next chief executive is underway, its chairman said on Tuesday, after CEO Peter Voser made what could be his last appearance at the oil group’s annual shareholder meeting. Voser announced his surprise decision three [...]
Shell feared disaster days before Alaska rig grounding: official
(Reuters 21 May 2013) – Days before a Shell drillship went aground in the storm-tossed Gulf of Alaska, it was clear that towing failures could spell disaster for the vessel, the crew and the marine environment, a company official told a U.S. Coast Guard panel on Monday. Other probes may result in civil or criminal [...]
Shell’s succession plans in focus at annual meeting
THE HAGUE | Tue May 21, 2013 12:05am BST May 21 (Reuters) – Royal Dutch/Shell CEO Peter Voser may be making his last appearance on the podium at the company’s annual shareholder meeting on Tuesday, turning the spotlight on management’s plans for a successor. Voser announced his surprise decision three weeks ago to step [...]
Platts in Lockdown as Investigators Continue Oil Probe
Published: Friday, 17 May 2013 | 3:54 AM ET European anti-trust investigators searched the offices of price agency Platts and at least one major oil company for a third day on Thursday, hunting for evidence of possible price manipulation on oil markets, witnesses said. Authorities raided the London bureau of Platts in Canary Wharf [...]
Shell to develop Stones deepwater oil field in Gulf of Mexico
May 8 (Reuters) – Royal Dutch Shell Plc said on Wednesday it plans to go forward with the Stones ultra-deepwater oil and natural gas project in the Gulf of Mexico. Production during the first phase of the project is expected to have an annual peak of 50,000 barrels of oil equivalent per day, the oil [...]
Shell interested in Petrobras Gulf of Mexico assets – CEO
RIO DE JANEIRO | Fri Apr 19, 2013 1:36am BST (Reuters) – Royal Dutch Shell Plc (RDSa.L) is interested in acquiring new assets in the Gulf of Mexico, including those of Brazil‘s state-controlled oil company Petrobras, Shell’s Chief Executive Peter Voser said on Thursday. No decision has been made on whether to purchase the oil [...]
Noble Corp says Royal Dutch Shell Plc in talks to renew Arctic rig contract
By Reuters | 18 Apr, 2013, 08.41PM IST Noble Corp, owner of the world’s third-largest offshore drilling fleet, said on Thursday Royal Dutch Shell Plc was in talks to extend its contract to use the Noble Discoverer beyond February 2014, underlining its long-term plans for the offshore Arctic. The Discoverer is undergoing repairs in South [...]
Top Canada court will not hear oil sands case
Thu Apr 11, 2013 5:42pm EDT CALGARY, Alberta (Reuters) – Canada’s Supreme Court on Thursday declined to hear an Alberta aboriginal group’s application to block an upcoming regulatory decision for a Royal Dutch Shell oil sands development. The aboriginal group sought the block because it was not adequately consulted. The country’s top court did not [...]
Gazprom Neft, Shell to team up on shale oil, Arctic
By Alexei Anishchuk MOSCOW, April 4 | Thu Apr 4, 2013 11:16am EDT (Reuters) – Gazprom Neft and Royal Dutch Shell will agree to drill for shale oil in Western Siberia and explore Russia’s Arctic shelf when President Vladimir Putin visits the Netherlands next week, the Kremlin said. The deals underscore the Kremlin’s drive to [...]
Nigerian agencies seek $11.5 billion oil spill payout from Shell
ABUJA, March 27 | Wed Mar 27, 2013 4:14pm EDT (Reuters) – Two Nigerian government agencies told a parliamentary hearing on Thursday that Royal Dutch Shell should pay a total of $11.5 billion in compensation for damage caused by an oil spill at its offshore Bonga field in December 2011. Shell has said that there [...]
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