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Posts Tagged ‘Bloomberg’

Shell Oil Co. trying to reduce legal costs

Nov. 5 (Bloomberg) –Companies including Square Enix, Shell Oil Co. and Fidelity Investments are trying to reduce legal costs after swallowing 6 percent to 9 percent annual fee increases for the past eight years, according to the Association of Corporate Counse

Total Adjusted Net Rises 36% on Record Crude Prices (Update1)

Total’s oil and gas production was 2.231 million barrels of oil equivalent a day in the quarter, compared with 2.352 million barrels a day in the year-earlier period and 2.353 million barrels in the previous quarter. European competitors Royal Dutch Shell Plc and BP Plc last week reported increases in dollar-denominated profit of 22 percent and 83 percent, respectively.

Saudi Aramco Names Khalid Al-Falih as Chief Executive

Al-Falih also chaired the country’s natural gas exploration, a venture between Aramco and Royal Dutch Shell Plc.

Shell, BP May Post Higher Profit; Investment Plans Under Review

Oct. 27 (Bloomberg) — Royal Dutch Shell Plc and BP Plc, Europe’s largest oil companies, may say third-quarter earnings rose from a year earlier while falling short of record second- quarter profits, after crude fell 53 percent from its July peak.

Shell Chemical Louisiana Plant May Start Up in Next Two Days

Oct. 24 (Bloomberg) — A chemical plant operated by Royal Dutch Shell Plc, Europe’s second-largest oil company, may return to service in the next two days after an unidentified failure caused the shutdown of two units.

OPEC Plans Supply Cut as Crude Oil Heads Toward $50 (Update1)

The prospect of OPEC cuts, slowing economic growth and falling prices drove theDow Jones Europe Stoxx Oil & Gas Index down 25 percent in the past five weeks. Irving, Texas-based Exxon Mobil, the world’s biggest oil company, fell 37 percent this year, while The Hague-based Royal Dutch Shell Plc, the second-biggest, lost 33 percent.

Chevron Says Australian Carbon-Trading Plan Is a Threat to LNG

The Australian government proposes to start a carbon trading system on July 1, 2010, to tackle emissions blamed for global warming. Woodside Petroleum Ltd. and Royal Dutch Shell Plc are among other LNG producers in Australia who say a proposed draft of the plan, which excludes LNG companies from free emissions allowances, would threaten new projects.

Woodside Delays Some Recruiting on Economic Slowdown (Update1)

Woodside, 34 percent owned by Royal Dutch Shell Plc, is building the A$12 billion ($8.4 billion) Pluto LNG project off the northwest coast and proposes to develop LNG ventures at the Sunrise field in the Timor Sea and at the Browse fields in Western Australia’s far northwest.

China’s Oil Refining Capacity to Rise at Twice Demand Growth

China’s crude-oil demand may rise 5 percent to 8.4 million barrels a day in 2009, the International Energy Agency said Oct. 10. The nation will surpass the U.S. as the world’s biggest energy consumer in about five years, Royal Dutch Shell Plc said in September.

Oil Industry Must Step Up Cooperation on Carbon, Executive Says

The global financial crisis, which threatens to slow international efforts to tackle global warming, makes collaboration more important, Roodhart, who is also head of strategic innovation at Royal Dutch Shell Plc’s international unit, said in an interview.

Chevron to Maintain Asian Spending, Unfazed by Crisis

Chevron’s proposed Gorgon LNG project has already been delayed several years. It was first put on hold in 1998 when the Asian economic crisis hit. More recently, the venture, which includes Royal Dutch Shell Plc and Exxon Mobil Corp., scrapped a timeline for approving and building the plant as they seek to tackle a surge in construction costs.

Shell Leads Oil Stocks to 5-Year Low on Economy Fears (Update2)

Royal Dutch Shell Plc, Europe’s largest oil producer, lost 9.3 percent to close at 1,303 pence, a record low.

Shell, 46 States and DC, to Curb Youth Tobacco Sales

Shell Oil Products U.S., a unit of Royal Dutch Shell Plc, agreed with the attorneys general of 46 states and the District of Columbia to help curb sales of tobacco products to minors at about 13,000 gas stations.

Shell Gets U.S. High Court Hearing on Cleanup Suits

Shell, an affiliate of Royal Dutch Shell Plc, argued that it wasn’t to blame for what it called “sloppy handling” of chemicals by Brown & Bryant Inc., the now-defunct company that operated the facility. Shell sold Brown & Bryant chemicals that leaked into the ground, threatening water supplies

Shell May Form $1.7 Billion Siberian Venture, Kommersant Says

Shell may pay $1.7 billion for half of a venture that will develop the Srednebotuobinskoye field in eastern Siberia, the newspaper reported today, citing an unidentified person with knowledge of the talks