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Posts under ‘Reuters’

Royal Dutch Shell still furtively buying Iranian oil

…Shell has avoided public comment on its position… The Anglo-Dutch major is one of the biggest consumers of Iranian crude worldwide… Shell Chief Executive Peter Voser declined to elaborate on how much Iranian crude the company was still buying… Exclusive: Europe’s big buyers cut ties with Iran oil By Alex Lawler and Peg Mackey LONDON [...]

Motiva Port Arthur FCC, Alky, HCU back in production -sources

HOUSTON | Wed Feb 8, 2012 8:58pm EST Feb 8 (Reuters) – Motiva Enterprises’ 285,000 barrel per day (bpd) Port Arthur, Texas, refinery returned a gasoline-producing fluidic catalytic cracking unit, an alkylation unit and a hydrocracking unit to production on Wednesday following a Tuesday power outage, said sources familiar with refinery operations. The units were [...]

Shell sees large global oil refining surplus

Thu Feb 2, 2012 9:13am EST * Shell says global refining surplus of 6 million barrels * Predicts more refinery closures in Europe * Shell made Q4 loss from oil refining and marketing By Alex Lawler LONDON, Feb 2 (Reuters) – Royal Dutch Shell said on Thursday the global oil refining industry is facing about [...]

Shell eyes big growth, but at big cost

Thu Feb 2, 2012 3:45am EST * Fourth quarter results disappoint * Anaemic dividend rise * Higher investments seen but returns weaken * Shares drop By Tom Bergin LONDON, Feb 2 (Reuters) – Royal Dutch Shell said it was targeting aggressive growth in the coming years, with the start-up of big new projects and higher [...]

Weaning Royal Dutch Shell off Iranian Oil

By John Donovan Royal Dutch Shell CEO Peter Voser is reluctantly considering how best to wean Shell off the supply of blood tainted Iranian oil. Shell is one of the biggest consumers of Iranian oil – see article below. The relationship between Shell and Iran has continued unabated for many years, while the fanatical Iranian [...]

Union says U.S. refinery workers strike more likely

By Erwin Seba HOUSTON | Sat Jan 28, 2012 11:16pm EST (Reuters) – The United Steelworkers union warned on Saturday that a strike by U.S. refinery workers as early as 12 a.m. Wednesday was becoming more likely due to “the lack of a more substantive response from the industry.” Union and oil company negotiators have [...]

Shell arch-critic emailed over 400 Royal Dutch Shell senior execs

In a front page lead story in the Financial Times, our site was properly credited with breaking news of the restructuring plans of Peter Voser. FROM OUR ARCHIVE: EXTRACT FROM A RELATED EMAIL MESSAGE SENT BY JOHN DONOVAN TO OVER 400 SENIOR SHELL EXECUTIVES Congratulations! I am writing to offer our best wishes on your [...]

Ban stops Europe majors trading Iran oil globally

Tue Jan 24, 2012 5:51pm GMT * Total, Shell big buyers of Iranian oil * Firms could declare force majeure in July-lawyer * Switzerland might stall on EU sanctions By Emma Farge ZURICH/BRUSSELS, Jan 24 (Reuters) – The EU is banning not only imports of Iranian oil but also crude purchased by European companies, including [...]

Shell, Tullow Oil to form exploration venture

Wed Jan 18, 2012 2:47am EST * JV to focus on “transformational” plays in Atlantic * Comes as big oil groups boost exploration spend By Tom Bergin LONDON, Jan 18 (Reuters) – Royal Dutch Shell is teaming up with independent explorer Tullow Oil to explore for oil in the Atlantic, in a sign the biggest [...]

Shell pays $25 million to settle royalty claims

WASHINGTON, Jan 17, 2012 (Reuters) – Royal Dutch Shell has paid $25 million to the U.S. government to resolve claims that the company underpaid royalties on federal offshore oil and gas leases, the U.S. Interior Department said on Tuesday. WASHINGTON, Jan 17, 2012 (Reuters) – Royal Dutch Shell has paid $25 million to the U.S. [...]

Hostile website domain names

Shell in their sights …. Royal Dutch Shell online critics John and Alfred Donovan outside the Shell Centre in London October 2009. Photograph: Graham Turner for Guardian newspaper article By John Donovan An article published in the Financial Times on 12 January 2012 reported that the Blackstone Group has been using a brand protection firm [...]

MPs to quiz oil giants BP, Shell and Cairn Energy on Arctic drilling safety

MPs are to question UK oil and gas companies on the safety of drilling in the Arctic, after fears that retreating ice will see a damaging rush to exploit billions of barrels of untapped reserves in the region. The committee’s remit will include the entire area of the Arctic Circle and both onshore and offshore [...]

Shell’s Declining Role in Nigeria

James Kimer on January 4, 2012. As the second largest energy company in the world after Exxon-Mobil, Royal Dutch Shell has been a major player in Nigerian oil and gas from the beginning, overseeing the first commercial export of oil from the country in 1958 from the Oloibiri Field.  Their success over the years has [...]

Ecuador appeals court rules against Chevron in oil case

4 January 2012 An Ecuadorean appeals court has upheld a ruling that Chevron should pay damages totalling $18.2bn (£11.5bn) over Amazon oil pollution. Chevron said the judgement was “illegitimate” and “a fraud”. Texaco, which merged with Chevron in 2001, was accused of dumping toxic materials in the Ecuadorean Amazon. The original ruling ordered Chevron to [...]

Accusations fly as oil slick hits Nigeria coast

By Akintunde Akinleye: OROBIRI, Nigeria | Sun Jan 1, 2012 2:05pm EST (Reuters) – Nigerian villagers say oil washing up on the coast comes from a Royal Dutch Shell loading accident last month that caused the biggest spill in Africa’s top producer in more than 13 years. Shell denies that any of the oil is [...]