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Posts under ‘Reuters’

Oregon ‘kayaktivists’ to protest Shell Arctic oil search

PORTLAND, ORE., JULY 28 | BY SHELBY SEBENS Protesters began gathering in a riverside park in Portland Tuesday evening, planning to drop kayaks in the water to protest Wednesday’s scheduled launch of a ship to be used by Royal Dutch Shell for Arctic oil exploration. Following the lead of protesters in Seattle who tried to […]

More and bigger drilling-linked earthquakes rattle Oklahoma

By Heide Brandes: 28 July 2015 OKLAHOMA CITY (Reuters) – Several earthquakes shook Oklahoma on Monday as the state experiences a sharp increase in the frequency of tremors linked to wastewater disposal from gas and oil drilling, including from fracking, state and federal officials said. Three of Monday’s quakes measured above a magnitude 4.0, with […]

Brazil clears $70 bln BG-Shell merger, BG says

Markets | Fri Jul 24, 2015 5:53pm EDT BG Group Plc on Friday confirmed that it has received final unconditional clearance from Brazilian competition authority CADE for its acquisition by bigger rival Royal Dutch Shell. The clearance of the $70 billion merger follows the 15-day period during which the preliminary approval granted by CADE on […]

U.S. says Shell is not yet allowed to drill in Arctic oil zone

The Department of the Interior conditionally granted Shell permits for oil exploration in the Chukchi Sea off Alaska. Timothy Gardner: Jul 22, 2015  WASHINGTON (Reuters) – The U.S. Interior Department on Wednesday granted Royal Dutch Shell <RDSa.L> two final permits to explore for crude in the Arctic this summer, but said the company cannot drill into […]

S&P cut its rating on Shell after big BG merger

Standard & Poors cut its rating on Royal Dutch Shell Plc (RDSa.L) by one notch to ‘AA minus’ from ‘AA’, citing a weaker financial risk profile, mainly due to soft oil prices, and continuing substantial capital expenditures. The rating agency said the outlook on the company is negative reflecting possible adverse effects on credit metrics […]

FT: Shell Expected to Reduce Capex for the Year

by  Reuters| Monday, July 20, 2015 (Reuters) – Royal Dutch Shell, which is all set to acquire rival BG Group Plc, may cut its capital expenditure for the year by several billion dollars from the previously announced $33 billion figure, the Financial Times reported on Sunday, citing sources. A substantial cut to this year’s capital investment […]

Shell expects oil price recovery to take several years

Ron Bousso, Karolin Schaps and Dmitry Zhdannikov, Reuters LONDON (Reuters) – Royal Dutch Shell expects oil prices to recover gradually over the next five years, with progress slowed by persistent global oversupply and receding Chinese demand growth. The Anglo-Dutch energy giant is betting on crude rising to $90 a barrel by 2020, a key assumption […]

Royal Dutch Shell plc Confirms Deal With Morgan Stanley: Shares Up 2%

By: MICHEAL KAUFMAN: Jul 11, 2015 Royal Dutch Shell plc (NYSE:RDS.A) plans to establish a strong footing in the natural gas sector. In April 2015, the company finalized its $70-billion deal with BG Group plc (OTCMKTS:BRGYY). If approved by the regulatory authorities, the merger will give Shell access to BG Group’s valuable assets in Brazil and […]

Following Explosion, Shell Moerdijk Criticised by Dutch Safety Board

Enhanced Google Translation of a Reuters report published in Dutch on 9 July 2015 Shell has therefore not fulfilled the high expectations of safety management within the company. Shell Moerdijk should be more critical of security risks in the company. Thus concludes the Safety Board in a report on the explosion at the company’s plant on […]

Brazil clears Shell’s $70 bln purchase of BG

Brazil clears Shell’s $70 bln purchase of BG By Ron Bousso and Stephen Eisenhammer (Reuters) – Brazil gave the green light to oil major Royal Dutch Shell to buy smaller rival BG, advancing the $70 billion merger — the largest of the past decade — closer to completion in early 2016. Shell is set to […]

Shell’s ice management vessel damaged in Alaska

Wed Jul 8, 2015 12:46am IST Royal Dutch Shell Plc’s icebreaker vessel Fennica returned to the Dutch Harbor in Alaska with a small breech in the hull, raising concerns about the company’s plan to resume drilling in the Arctic later this month. Shell said in June it plans to restart drilling for oil in the […]

U.S. activists to protest against Shell Arctic oil rig

U.S. activists to protest against Shell Arctic oil rig SEATTLE: 30 June 2015 U.S. environmental activists said they planned to protest on Tuesday against the launch of the second of two oil rigs central to Shell’s plans to drill for oil in the Arctic. The Washington state activists, who have staged frequent demonstrations over the […]

Shell says could begin Arctic oil exploration off Alaska in late July

Shell says could begin Arctic oil exploration off Alaska in late July SEATTLE/WASHINGTON | BY ERIC M. JOHNSON AND TIMOTHY GARDNER: Mon Jun 29, 2015 Royal Dutch Shell could begin drilling for oil in the Arctic off Alaska as early as the third week in July, when it expects sea ice to begin clearing, a […]

Shell Executives Visit Tehran for Projects If Sanctions End

by Javier Blas 24 June 2015 Royal Dutch Shell Plc executives have visited Tehran to discuss possible partnerships, the latest sign that the largest oil companies are serious about returning to Iran once a deal on the country’s nuclear program is done. The meeting with Iranian officials covered its outstanding debt to National Iranian Oil Co. […]

Shell’s Arctic plan counters U.S. walrus protections -green groups

“There does not appear to be any way that the federal government can allow Shell to proceed as the company has planned…” 23 June 2015 WASHINGTON (Reuters) – Green groups urged the U.S. Department of Interior on Tuesday to revoke the agency’s conditional approval of Royal Dutch Shell’s 2015 Arctic oil exploration plan, saying it […]

Gazprom-Shell Partnership Flies In The Face Of Sanctions

Charles Kennedy: Mon, 22 June 2015 Russian energy giant Gazprom is building up a global portfolio with a western oil major. Gazprom and Royal Dutch Shell are teaming up on several energy projects that will benefit both. The two energy companies have agreed to build an expansion of the Nord Stream Pipeline, a major natural gas […]

Gazprom set to build global strategic alliance with Shell

A Gazprom logo is displayed above its headquarters in Moscow. Gazprom is building a global strategic alliance with energy major Royal Dutch Shell that will include asset swaps and allow the Russian gas giant to penetrate new markets. The deal with Shell is a coup for Gazprom at a time when many Western companies are […]

Gazprom, Shell agree to expand Sakhalin-2 project

Gazprom, Shell agree to expand Sakhalin-2 project Thu Jun 18, 2015 (Reuters) – Russian gas producer Gazprom and Royal Dutch Shell have signed an agreement to expand the Sakhalin-2 LNG project, Gazprom said in a statement on Thursday. The Sakhalin-2 project, Russia’s sole LNG plant, has a current annual capacity of around 10 million tonnes. […]

Shell-led Canadian LNG deal gets environmental approvals

Shell-led Canadian LNG deal gets environmental approvals Thursday Jun 18, 2015 By Julie Gordon (Reuters) – Canada’s environment ministry said on Wednesday it approved a Royal Dutch Shell Plc-led liquefied natural gas export terminal on British Columbia’s coast, contingent on the project meeting 50 environmental, social and operational conditions. In her decision, federal Environment Minister […]

Low oil price hits $200 billion in mega-projects

* Ernst and Young say more project delays likely * Say at least 24 projects worth more than $1 bln put on ice By Ron Bousso LONDON, June 16 (Reuters) – Deepwater oil projects and complex gas facilities worth around $200 billion have been cancelled or put on hold worldwide in recent months due to […]

Shell, Japan firms may get stake in Gazprom’s Baltic LNG: Report

Shell, Japan firms may get stake in Gazprom’s Baltic LNG: Report By Reuters | 17 Jun, 2015 MOSCOW:Russian gas company Gazprom may offer up to 49 percent in its Baltic LNG project to a strategic partner and the most likely candidates are Royal Dutch Shell or a consortium of Japanese firms, Russia’s Kommersant newspaper said […]

Shell-BG $70 billion deal crosses key milestone with U.S. clearance

Shell-BG $70 billion deal crosses key milestone with U.S. clearance LONDON | BY RON BOUSSO: Tuesday Jun 16, 2015  U.S. regulators have given the green light for Royal Dutch Shell’s (RDSa.L) proposed $70 billion acquisition of British rival BG Group (BG.L), the first clearance for the biggest deal in the energy sector in over a decade. […]

Shell gets environmental ok for Canada offshore drilling project

Shell gets environmental ok for Canada offshore drilling project Markets | Mon Jun 15, 2015  Canada’s environment ministry on Monday said it had approved an East Coast offshore drilling project led by Royal Dutch Shell Plc, saying the exploration project was “not likely to cause significant adverse environmental effects.” The approval is contingent on the […]

Shell removing non-essential workers from Gulf of Mexico

Shell removing non-essential workers from Gulf of Mexico Markets | Sun Jun 14, 2015 9:50pm EDT (Reuters) – Leading Gulf of Mexico oil producer Shell Oil Co, the U.S. arm of Royal Dutch Shell Plc , said it was removing non-essential workers from offshore platforms as a precautionary measure ahead of a low-pressure storm system […]

Arctic drilling opponents hanging from Shell ship in Washington state

Arctic drilling opponents hanging from Shell ship in Washington state Seattle, June 12, 2015 Two activists strapped themselves on Friday to the anchor chain of a Shell Royal Dutch Shell vessel docked in Washington state that will be part of a fleet sent north to Alaska to resume drilling for oil and gas in the […]

First vessel in Shell’s Arctic drilling fleet heads for Alaska

First vessel in Shell’s Arctic drilling fleet heads for Alaska SEATTLE, JUNE 11 | BY VICTORIA CAVALIERE The first vessel in Royal Dutch Shell’s Arctic drilling fleet has embarked from Washington state to Alaska ahead of its planned resumption of oil and gas exploration in the remote region this summer, the company said on Thursday. […]

U.S. appeals court rejects challenge to Shell spill plans in Alaska

U.S. appeals court rejects challenge to Shell spill plans in Alaska Business News | Thu Jun 11, 2015 3:47pm BST A divided federal appeals court rejected an effort by environmental groups to void a U.S. agency’s approval of two oil spill response plans by Royal Dutch Shell Plc (RDSa.L) related to the company’s oil leases […]

Shell considers pulling plug on final Ukraine exploration well

Shell considers pulling plug on final Ukraine exploration well Commodities | Thu Jun 11, 2015 12:11pm BST Oil major Shell is considering withdrawing from its last exploration well in Ukraine as the project has been on hold for nearly a year due to the conflict between pro-Russian separatists and Ukrainian forces. Shell said it has […]

Seattle protesters seek to block access to Shell Arctic drilling rig

Seattle protesters seek to block access to Shell Arctic drilling rig Business News | Tue Jun 9, 2015 6:29pm BST A group of protesters gathered at the Port of Seattle on Tuesday seeking to block workers attempting to reach a Royal Dutch Shell (RDSa.L) drilling rig that could depart this week to resume fossil fuel […]

Police in Seattle dismantle anti-Shell protest tent

Police in Seattle dismantle anti-Shell protest tent SEATTLE | BY ERIC M. JOHNSON: Mon Jun 8, 2015 Police dismantled a tent on Monday used as a staging area for protests in Seattle over Royal Dutch Shell Plc’s use of the city’s port as a home base for a drilling rig that could depart this week […]

Mars joins BP and Shell in opposing European financial market regs – FT

NEW YORK: 7 JUNE 2015 Confectionery company Mars Inc has joined oil companies BP Plc and Royal Dutch Shell Plc to oppose planned new European financial market regulations, arguing that they would increase volatility and reduce liquidity in raw materials markets, according to a report by the Financial Times on Sunday. The companies, along with […]

Russia’s Novatek agrees to sell Shell 0.9 mln T of LNG per year

Russia’s Novatek agrees to sell Shell 0.9 mln T of LNG per year MOSCOW, JUNE 4, 2015 Russia‘s second largest gas producer, Novatek, said on Thursday it had signed a long-term contract with Royal Dutch Shell to supply around 0.9 million tonnes of LNG annually for more than 20 years. “We are currently finalising Novatek’s […]

Woodside muscling onto BG-Shell turf with global LNG push

Woodside muscling onto BG-Shell turf with global LNG push PARIS, JUNE 4 | BY OLEG VUKMANOVIC Australia’s Woodside Petroleum is expanding its liquefied natural gas (LNG) business and aims to build a global supply network ahead of an expected surge in trading of the fuel, its chief executive said in an interview. Peter Coleman said […]

INSIGHT-For green activists, Arctic drilling could be the next big thing

INSIGHT-For green activists, Arctic drilling could be the next big thing WASHINGTON, JUNE 3 | BY TIMOTHY GARDNER Michael Brune is pleased that activists in kayaks are training for another “Paddle in Seattle” to confront an expected Royal Dutch Shell rig on its way to the Arctic to explore for oil. What makes the head […]

Environmentalists sue over Shell plan to drill in Arctic

Environmentalists sue over Shell plan to drill in Arctic By Dan Levine: Tue Jun 2, 2015 (Reuters) – Several environmental groups sued the United States on Tuesday to derail Royal Dutch Shell PLC’s plan to drill in the Arctic Ocean as soon as July. The Bureau of Ocean Energy Management, an agency within the U.S. Department […]

Shell Names China Boss To Key BG Merger Post

Huibert Vigeveno is to lead the integration of FTSE-100 giants Shell and BG after their mega-merger, Sky News learns. By Mark Kleinman, City Editor: Thursday 28 May 2015 The head of Royal Dutch Shell’s operations in China is to spearhead the oil major’s integration with BG Group as the industry’s biggest-ever takeover inches forward. Sky News […]

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 […]