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Posts under ‘Reuters’

Activists damage habitat in Seattle bay during Shell oil protests

SEATTLE | BY ERIC M. JOHNSON: World | Sat May 23, 2015 2:00am BST Activists damage habitat in Seattle bay during Shell oil protests Photo Credit: REUTERS/JASON REDMOND Environmental activists who fanned out in small boats across a Seattle bay over the weekend in a protest over Royal Dutch Shell (RDSa.L)’s plans for Arctic oil exploration […]

U.S. Senators urge Obama administration to block Arctic oil drilling

Politics | Fri May 22, 2015  U.S. Senators urge Obama administration to block Arctic oil drilling When Shell lost control of a drilling rig that year it “put numerous lives at risk, including those of the Coast Guard crews” and those of 18 people on the rig… A group of 18 mostly Democratic U.S. senators […]

Shell CEO backs fossil fuels, climate change warnings -Guardian

Markets | Fri May 22, 2015 7:35pm EDT Shell CEO backs fossil fuels, climate change warnings -Guardian The world’s fossil fuel reserves cannot be burned unless some way is found to capture their carbon emissions, Royal Dutch Shell Plc Chief Executive Officer Ben van Beurden said on Friday. In an interview published in Britain’s Guardian […]

Royal Dutch Shell, BP plc Oppose New European Oil Trading Regulations

By: MICHEAL KAUFMAN: Published: May 21, 2015  Royal Dutch Shell plc (ADR) (NYSE:RDS.A) has sided with oil rival BP plc (ADR) (NYSE:BP) in calling on European regulators to step back from enforcing tougher new capital requirements and increased disclosure measures pertaining to oil trading. The Markets in Financial Instruments Directive or Mifid II regulations are being […]

Shell vows to explore Arctic despite Seattle protests

Shell vows to explore Arctic despite Seattle protests BY RON BOUSSO: Tue May 19, 2015 Royal Dutch Shell will press on with a campaign to explore the Arctic for oil this summer despite protests in the port city of Seattle, chief executive officer Ben van Beurden said on Tuesday. Hundreds of environmental activists have fanned out […]

Protesters gather in Seattle to block access to Shell oil rig

Commodities | Mon May 18, 2015 6:23pm BST SEATTLE | BY VICTORIA CAVALIERE About 200 protesters gathered at the Port of Seattle on Monday to block access to a Royal Dutch Shell drilling rig headed for the Arctic this summer to resume exploration for oil and gas reserves. Holding signs reading “Shell No” and “Seattle […]

Shell considers small North America energy deals even after BG

Shell considers small North America energy deals even after BG Deals | Thu May 14, 2015 12:58am BST Royal Dutch Shell Plc (RDSa.L) will consider small additions to its North America oil and gas business, despite ruling out large acquisitions after its deal to buy BG Group Plc (BG.L), Marvin Odum, director of Shell’s Americas […]

Here’s why Obama is approving Arctic drilling again

By Timothy Gardner: 12 May 2015 (Reuters) – For a leader who has made fighting climate change a priority, President Barack Obama’s decision to approve Royal Dutch Shell’s return to oil and gas exploration off Alaska was seen by many environmentalists as a contradiction. On Tuesday, his administration upheld a 2008 Arctic lease sale, clearing […]

OPEC Expects Oil Prices to Be About $76 a Barrel in 2025 – WSJ

OPEC Expects Oil Prices to Be About $76 a Barrel in 2025 – WSJ Monday, 11 May 2015 The Organization of the Petroleum Exporting Countries (OPEC) expects oil prices to be about $76 a barrel in 2025 in its most optimistic scenario, the Wall Street Journal reported, citing a draft of the cartel’s latest strategy […]

Shell to take over marketing most of Alberta’s oil-royalty barrels

By Nia Williams CALGARY, Alberta, May 11 (Reuters) – Shell Trading Canada, a unit of Royal Dutch Shell (Xetra: R6C1.DE – news) , will take over the task of marketing nearly all the barrels of crude oil that the province of Alberta receives from producers as royalties. From June 1, Shell (LSE: RDSB.L – news) […]

BG says still happy with Shell bid as oil price rise boosts LNG

BG says still happy with Shell bid as oil price rise boosts LNG By Karolin Schaps:Fri May 8, 2015  May 8 (Reuters) – BG Group said on Friday it was still happy with Shell’s $70 billion takeover bid despite a recent upturn in oil prices that led the company to increase the profit outlook for […]

BG chief welcomes $70 billion Shell offer with ‘mixed emotions’

  Ben van Beurden, CEO of Royal Dutch Shell, left, shakes hands with the Chairman of BG group Andrew Gould during the press conference announcing Royal Dutch Shell had agreed to buy British Gas for $70 Billion.  BG chief welcomes $70 billion Shell offer with ‘mixed emotions’ Tuesday May 5, 2015  (Reuters) – BG (BG.L) […]

Royal Dutch Shell Signs New Loan Deal To Finance BG Group plc Takeover

By: MICHEAL KAUFMAN: Published: May 2, 2015 at 10:22 am EST Royal Dutch Shell plc (ADR) (NYSE:RDS.A) has entered an agreement for a bridge loan of $15.2 billion (10.07 billion GBP), the company said on Friday. The new credit facility will replace a $4.6 billion (3.025 billion GBP) interim loan, which was obtained last month from […]

Shell, Total align trading and refining units to drive profit growth

By Dmitry Zhdannikov and Ron Bousso: 1 May 2015 Shell, Total align trading and refining units to drive profit growth * Shell, Total restructure to combat falling oil prices * Refinery profits also under pressure from competition * Oil firms fighting off challenge from trading houses LONDON, May 1 (Reuters) – Top oil firms Royal […]

10th Anniversary of Domain Name Win Over Shell

10th Anniversary of Spectacular Domain Name Win Over Shell By John Donovan Ten years ago, in May 2005, Shell International Petroleum Company Limited served proceedings in New York against my late father Alfred Donovan, via The World Intellectual Property Organisation (WIPO) in an attempt to seize the top level (.com) domain name for its newly […]

Shell signs $15.3 billion bridge loan

(Reuters) – Royal Dutch Shell (RDSa.L) has agreed a 10.07 billion pound ($15.28 billion) bridge loan from a group of relationship banks backing its 47 billion pound takeover of smaller rival BG Group (BG.L), the company announced on Friday. The two-year loan replaces a 3.025 billion pound interim bridge loan that was provided in early […]

Shell Prepares Armada to Begin Arctic Exploration

Royal Dutch Shell is pushing ahead with plans to explore for oil in the Arctic Ocean near Alaska this summer despite opposition from environmental groups. The Anglo-Dutch oil major is preparing “an armada of 25 vessels” to begin a two-year program to explore two to three wells in the Chukchi Sea off the coast of Alaska, Chief Financial […]

Shell pushes on with Arctic exploration as it awaits U.S. permit

Business | Thursday Apr 30, 2015  Shell pushes on with Arctic exploration as it awaits U.S. permit (Reuters) – Royal Dutch Shell is pushing ahead with plans to explore for oil in the Arctic Ocean near Alaska this summer despite opposition from environmental groups. The Anglo-Dutch oil major is preparing “an armada of 25 vessels” […]

Shell profits beat expectations on refining boost

Shell profits beat expectations on refining boost: Business | Thu Apr 30, 2015 7:26am BST (Reuters) – Royal Dutch Shell on Thursday reported a lower than expected 56 percent drop in first quarter net income at $3.2 billion (2 billion pounds), as refining and trading profits offset a decline in earnings from oil and gas […]

Shell Accused Of Misleading Its Shareholders About The Risks Of Arctic Drilling

BY ELISE SHULMAN — GUEST CONTRIBUTOR POSTED 29 APRIL 2015 on thinkprogress.org Shell Accused Of Misleading Its Shareholders About The Risks Of Arctic Drilling If Royal Dutch Shell’s Arctic drilling program leads to a major spill, it could cost the oil company — and therefore its shareholders — an entire year’s worth of profit, according […]

Dutch parliament reverses burden of proof in gas damage claims

AMSTERDAM | BY TOBY STERLING:Tuesday 28 April 2015 Dutch parliament reverses burden of proof in gas damage claims (Reuters) – The Dutch parliament on Tuesday voted to reverse the burden of proof in disputes over damages to buildings caused by the production of gas at Groningen, Europe’s largest natural gas field, a potentially expensive decision. […]

Groups seek U.S. SEC probe of Shell Arctic drilling risk disclosures

WASHINGTON, APRIL 28, 2015 (Reuters) – An environmental group and a law clinic petitioned the U.S. Securities and Exchange Commission to investigate whether Royal Dutch Shell has adequately disclosed to investors the risks of oil exploration in the harsh Arctic waters, the groups said on Tuesday. The U.S. Interior Department is mulling whether Shell can […]

UK warns off BP suitors now Shell unavailable as ‘white knight’

LONDON, APRIL 27 | BY DMITRY ZHDANNIKOV AND WILLIAM JAMES UK warns off BP suitors now Shell unavailable as ‘white knight’ (Reuters) – Britain’s warning to potential suitors of BP is a sign of the oil major’s vulnerability to a takeover bid and that a more politically palatable tie-up with Royal Dutch Shell no longer […]

UK government would oppose any takeover of BP says FT

UK government would oppose any takeover of BP -FT (Reuters) – Britain’s outgoing government has told BP Plc that it wants the company to remain a British industrial champion and it would oppose any takeover of the oil producer, the Financial Times reported. The message follows the $70 billion deal to acquire rival producer BG […]

Oil firms face further cuts as low prices linger

Oil firms face further cuts as low prices linger Commodities | Fri Apr 24, 2015 12:23pm BST * Big oil using spending cuts to increase efficiency * Q1 earnings set to drop by more than 50 pct, tracking oil price * Strong refining margins set to continue By Ron Bousso LONDON, April 24 (Reuters) – […]

Shell to lay off staff, contractors in Norway

Shell to lay off staff, contractors in Norway Thu Apr 23, 2015 3:29pm GMT OSLO, April 23 (Reuters) – Oil producer Royal Dutch Shell will lay off 120 of its 900 workers in Norway and reduce its contractor force by 140 from 350, as low oil prices force it to cut costs, it said on […]

BP, Shell ship Canada crude cargoes from Texas to Europe: ClipperData

(Reuters) – BP Plc and Royal Dutch Shell each have shipped cargoes of Canadian crude oil out of the Texas coast this month, according to industry firm ClipperData, highlighting a once-rare journey that is expected to become more common. The two Aframax tankers loaded from Enterprise Products Partners LP’s export terminal in Freeport, Texas, according to the […]

A Dutch can of worms for Shell and Exxon

By John Donovan The financial repercussions from the Shell/Exxon induced earthquakes in the Groningen area of the Netherlands,  which are increasing in strength and frequency, is getting even more serious. Reuters is reporting that the estimated cost to reinforce more than 150,000 Dutch homes to withstand the earthquakes caused by extracting gas in the Groningen gas field has […]

Groningen quake zone: another shaker

Reinforcing homes in Dutch gas extraction quake zone estimated at 30 bln euros Mon Apr 20, 2015 9:01am EDT (Reuters) – The estimated cost to reinforce more than 150,000 Dutch homes to withstand earthquakes caused by extracting gas in the massive Groningen field was increased to at least 30 billion euros ($32 billion), the province […]

Total, BP say feel no M&A pressures after Shell deal

PARIS/LONDON | BY MICHEL ROSE AND DMITRY ZHDANNIKOV: Thursday 16 April 2015 (Reuters) – French oil major Total (TOTF.PA) and British rival BP (BP.L) are under no pressure to make acquisitions after the recent takeover of BG Group by Anglo-Dutch rival Shell (RDSa.L), they said on Thursday. Royal Dutch Shell (RDSa.L) unveiled plans last week […]

Shell, Greenpeace tussle in court over Arctic oil drilling

BY BARBARA LISTON: Thu Apr 16, 2015 7:03am EDT (Reuters) – Greenpeace volunteers who occupied a Shell Offshore oil drilling vessel en route to the Arctic Ocean last week acted dangerously and jeopardized company property and human life, according to arguments filed in Alaska federal court by Shell lawyers Jeffrey Leppo and Ryan Steen of Seattle. […]

Exxon-Shell gas venture may have to adjust Groningen output after court ruling

Exxon-Shell gas venture may have to adjust Groningen output after court ruling AMSTERDAM: Wed Apr 15, 2015 6:09am EDT (Reuters) – Gas production joint venture NAM is studying the impact of a court ruling that halted production at a small part of the massive Groningen gas field because of safety concerns, the Dutch government said […]

Shell sells 185 UK petrol stations as retail divestments continue

Mon Apr 13, 2015  (Reuters) – Shell (RDSa.L) has agreed to sell 185 service stations across Britain to two independent dealers, it announced on Monday, further reducing its presence in the European retail energy market. Shell announced downstream and retail divestments last year in countries including Italy, Norway and Germany as part of cost cuts […]

Shell-BG takeover to test China’s pledge on antitrust transparency

Shell-BG takeover to test China’s pledge on antitrust transparency HONG KONG | BY MICHELLE PRICE AND DENNY THOMAS: Fri Apr 10, 2015 (Reuters) – Royal Dutch Shell’s $70 billion bid for BG Group Plc will put to the test a pledge by China’s antitrust regime to be more transparent, after it faced strong criticism last year […]

Shell seeking to buy BG in first oil super-merger in over a decade

The collapse in global oil prices has sparked much speculation about mergers in the industry and BG has often been cited as a potential target. (Reuters) – Royal Dutch Shell (RDSa.L) is in advanced talks to buy BG Group (BG.L) in the first oil super-merger in more than a decade, seeking to extend its lead […]

Here’s why Obama is approving Arctic drilling again

WASHINGTON, APRIL 1 | BY TIMOTHY GARDNER (Reuters) – For a leader who has made fighting climate change a priority, President Barack Obama’s decision to approve Royal Dutch Shell’s return to oil and gas exploration off Alaska was seen by many environmentalists as a contradiction. On Tuesday, his administration upheld a 2008 Arctic lease sale, […]

Dutch court hears challenge over Groningen gas production

Dutch court refuses to halt Groningen gas production THE HAGUE, APRIL 1 By Toby Sterling (Reuters) – A Dutch judge on Wednesday refused to order a production halt at Europe’s biggest gas field, Groningen, where extraction is causing earthquakes, dealing a blow to opponents of government policy. Production from the field was temporarily reduced in […]

U.S. approval moves Shell a step closer to Arctic drilling

Tue Mar 31, 2015 3:40pm EDT U.S. approval moves Shell a step closer to Arctic drilling (Reuters) – The U.S. Interior Department on Tuesday upheld a 2008 lease sale in the Chukchi Sea off Alaska, moving Royal Dutch Shell a step closer to returning to oil and gas exploration in the Arctic since it suffered […]

Shell will resume drilling off Alaska coast: U.S. Arctic envoy

By David Ljunggren OTTAWA (Reuters) – Royal Dutch Shell will resume drilling off Alaska after suspending operations for two years in the wake of an accident, the special U.S. envoy to the Arctic said on Monday, but gave no details as to when. Shell has been moving oil rigs to Alaska as it awaits the […]

Motiva to integrate Norco, Convent refineries in Louisiana

26 March 2015 (Reuters) – Motiva Enterprises said on Thursday that operations at its Convent and Norco, Louisiana, refineries will be integrated to take advantage of increased production of lower-cost U.S. shale oil. Motiva, which is co-owned by Royal Dutch Shell Plc and Saudi Aramco, said the first step in the integration project is the […]