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Shell Reports Gulf Drilling Spill

By DANIEL GILBERT HOUSTON—Royal Dutch Shell PLC on Monday said it had temporarily abandoned a deepwater well in the Gulf of Mexico after it spilled 319 barrels of fluid used to drill the well. A company spokeswoman said the leak on its Deepwater Nautilus rig occurred Sunday while drilling the well in about 7,200 feet [...]

Shell: Looking At Gas-To-Liquids Projects In US

DECEMBER 5, 2011 DOHA (Dow Jones)–Royal Dutch Shell PLC (RDSB.LN) is in the early stages of planning projects to turn natural gas into fuels like diesel in the U.S., of similar scale to its huge project in Qatar, Andy Brown, executive vice president of Shell, said in Qatar Monday. “We are looking for places where [...]

Big Oil Heads Back Home

Energy companies are shifting their focus away from the Middle East and toward the West—with profound implications for the companies, global politics and consumers DECEMBER 5, 2011 By GUY CHAZAN Big Oil is redrawing the energy map. For decades, its main stomping grounds were in the developing world—exotic locales like the Persian Gulf and the [...]

Shell Pioneers Corporate Use Of Algo Trading In Forex

DECEMBER 1, 2011 – Royal Dutch Shell has been using algorithmic FX trading for the last six months – It uses computer model-driven trading to get trades done rather than to speculate – The oil major uses three types of algorithms to trade in London, Singapore and Rio de Janeiro By Katie Martin Of DOW [...]

Shell Sells Oil Stakes in Nigeria

DECEMBER 1, 2011 By ALEXIS FLYNN LONDON—Nigerian firms have bought onshore oil licenses from a group of European oil giants, including Royal Dutch Shell PLC, as the company continues to trim its assets in the country that are less integral to its strategic growth. The Nigerian firms, some acting as a consortium and another backed [...]

Shell Could Replace Exxon in Southern Iraq

NOVEMBER 21, 2011 By HASSAN HAFIDH BAGHDAD—The Iraqi oil ministry could ask Royal Dutch Shell PLC to develop Iraq’s supergiant West Qurna Phase 1 oil field in southern Iraq, if the government decides to terminate Exxon Mobil Corp.’s contract after it signed a deal to explore for oil in the Kurdish region of the country, [...]

Petronas, Shell in $12 Billion Oilfield Development Deal

NOVEMBER 11, 2011 By GURDEEP SINGH SINGAPORE—Malaysia’s state-owned oil and gas company Petroliam Nasional Bhd. said Friday that it has agreed with Royal Dutch Shell PLC to jointly develop oilfields in Malaysia using enhanced oil recovery techniques. The companies say the $12 billion project will help the Malaysian national explorer extract a greater portion of [...]

Woodside Petroleum: To Shell or Not to Shell?

NOVEMBER 8, 2011 By Gillian Tan It’s been a year to the day since Royal Dutch Shell blindsided Australia’s largest oil and gas company Woodside Petroleum by selling down a 10% stake for A$3.3 billion (US$3.4 billion). Appeasing Woodside, Shell promised to hold onto its remaining 24.27% interest for a year unless a takeover offer [...]

Australia Delays Ruling on Shell-PetroChina Bid

NOVEMBER 2, 2011, 4:52 A.M. ET By DAVID WINNING And DAVID FICKLING SYDNEY—Australia’s foreign-investment watchdog has pushed back by up to 90 days a decision on the takeover of coal-seam-gas developer Bow Energy Ltd. by a joint venture of Royal Dutch Shell PLC and PetroChina Co. In a government notice to parliament, the Foreign Investment [...]

Shell’s Profit Soars

OCTOBER 27, 2011 By ALEXIS FLYNN LONDON—Royal Dutch Shell PLC Thursday said its net profit in the third quarter more than doubled, driven by strong oil and rising natural-gas prices as major projects have started to raise production. Net profit for the quarter totaled $6.98 billion, compared with $3.46 billion a year earlier. Revenue was [...]

U.S. Supreme Court to hear bid to sue Shell for Nigerian abuses

OCTOBER 17, 2011 12.35 P.M. ET Associated Press WASHINGTON — The Supreme Court said Monday it will use a dispute between Nigerian villagers and oil giant Royal Dutch Shell to decide whether corporations may be held liable in U.S. courts for alleged human rights abuses overseas. The justices said they will review a federal appeals [...]

Shell: More Than 100 Oil Wells Drilled In Jordan In 2 Years

OCTOBER 5, 2011, 8:26 A.M. ET By Hassan Hafidh Of DOW JONES NEWSWIRES AMMAN (Dow Jones)–Royal Dutch Shell PLC (RDSA) has drilled more than 100 wells in Jordan in the two years since it a concession agreement to explore for oil from the country’s vast oil shale reserves, a person familiar with the project said. [...]

Shell Won’t Shed Refineries, CEO Says

SEPTEMBER 21, 2011 By RYAN DEZEMBER Royal Dutch Shell PLC’s chief executive says he has no plans to follow in the footsteps of rivals and shed refineries. “We will remain an integrated oil company,” Peter Voser, head of the Anglo-Dutch oil giant, said Wednesday in an interview with The Wall Street Journal. Several so-called integrated [...]

Oil Drilling Rebounds in Gulf After Spill

A rig and supply vessel at work in the Gulf off the coast of Louisiana. Associated Press By RUSSELL GOLD The Gulf of Mexico has staged a comeback as a source of oil for big energy companies, little more than a year after the Obama administration largely shut down drilling in the wake of the [...]

Shell Brent Charlie Platform Shut-In Since July – Regulator

“A prohibition notice was served on Shell July 1 over hydrocarbon release issues on the Brent C platform. The rig is currently ‘shut in’… SEPTEMBER 14, 2011 LONDON (Dow Jones)–The U.K. offshore regulator issued Royal Dutch Shell PLC (RDSA.LN) with two warnings in July for safety incidents at its aged Brent Charlie platform in the [...]