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Posts Tagged ‘Brazil’

Brazil Court Fines Shell, BASF $654M For Toxic Leaks- Report

BASF said the ruling was “absurd,” as the contamination was “caused and acknowledged by Shell,” according to the report. THE WALL STREET JOURNAL AUGUST 21, 2010 A Brazilian court has fined the local units of Royal Dutch Shell PLC (RDSA, RDSA.LN) and BASF SE (BASFY, BAS.XE) a total of BRL1.1 billion ($654 million) in compensation [...]

Shell Pesticide Revelations

Shell knew early on what a potential long term and persistent environmental and health menace these pesticides were. Yet they kept producing them and moving production to new locations even as one country after another banned their use. This is a very ugly story of corporate greed and utter contempt for the welfare of their [...]

Shell Brazil Unit Finds Oil In Campos Basin Presalt Well

RIO DE JANEIRO (Dow Jones)–The Brazilian unit of Royal Dutch Shell (RDSA, RDSA.LN) discovered oil in the Campos Basin’s presalt region, the company said Tuesday.

Shell Conchas Project Is ‘Above Expectations,’ Odum Tells Valor

Bloomberg.com By Laura Price April 20 (Bloomberg) — Royal Dutch Shell Plc’s Parque das Conchas oil project in Brazil is performing “above expectations,” Valor Economico said, citing Marvin Odum, the company’s upstream director for the Americas. Shell has been drilling at Parque das Conchas in the Campos Basin for six months, the Sao Paulo-based newspaper [...]

Shell International Upstream To Power Growth

INVESTOPEDIA Posted: Apr 02, 2010 15:34 PM by Eric Fox Royal Dutch Shell (NYSE: RDS.A, RDS.B) will utilize its large portfolio of international upstream projects to grow production, reaching 3.5 million barrels of oil equivalent per day (BOE/D) by 2012. This 11% production growth will be powered by the startup of large projects in its international portfolio, [...]

Shell Sells Stake in Offshore Brazil Oil Block to Japan’s Inpex

By Peter Millard March 11 (Bloomberg) — Royal Dutch Shell Plc. confirmed that it sold part of its stake in an offshore Brazilian oil block to Japan’s Inpex Corp. Shell said in an e-mailed statement today that it sold 15 percent of the BM-ES-23 block. Petroleo Brasileiro SA, Brazil’s state-controlled oil producer, operates the block [...]

Shell bets on ethanol in $21 billion deal with Brazil’s Cosan

SAO PAULO (Reuters) – Royal Dutch Shell Plc plans to make the biggest-ever foray into biofuels by an oil major, striking a deal with Brazil’s Cosan to create a $21 billion a year ethanol joint venture.

Cosan, Shell Plan Sugar, Ethanol Venture in Brazil

Feb. 1 (Bloomberg) — Cosan SA Industria & Comercio, the world’s largest sugar-cane processor, and Royal Dutch Shell Plc said they plan to combine ethanol, sugar and distribution assets in Brazil.

Shell – First million barrels of oil from ultra-deep water off Brazil

Shell is the operator with a 50% share with partners Petroleo Brasileiro (Petrobras) holding 35% and India’s ONGC Campos Ltda. 15%.

Brazil Field Puts Shell in a Good Spot

Royal Dutch Shell PLC is the latest in a small group of Western energy companies pumping crude out of Brazil amid intensifying international interest in the country’s deepwater oil reserves.

Shell begins production at Parque das Conchas (BC-10) offshore Brazil

Rio de Janeiro, July 13, 2009 – Shell today started production at its multi-field Parque das Conchas project 110 kilometres off Brazil’s south-east coast, where heavy oil resources lie beneath waters nearly two kilometres deep in the Campos Basin.

Shell’s Odum Says Brazil Oil Rules to Lure Spending

The Hague-based Shell, which has invested $2.8 billion in crude exploration and production in Brazil since 1998, will hold off on spending plans for the pre-salt area until rules are clear, said Marvin Odum, head of the company’s oil and exploration for the Americas.

Shell Oil Acquires 45 Gas Stations In Brazil

SAO PAULO (Dow Jones)–Royal Dutch Shell PLC (RDSA, RDSB) announced on Tuesday night the acquisition of 45 gas stations in Brazil’s center-west region from local group Simarelli.

Exxon finds oil near massive Brazilian fields

SAO PAULO, Brazil: Exxon has told Brazilian officials it discovered oil in deep water off Rio de Janeiro, near massive fields that could hold as much as 80 billion barrels of oil.

Mergers, Acquisitions Loom Over Brazil Sugar, Ethanol Indus

Brazil’s state-run energy giant Petroleo Brasileiro SA (PBR), or Petrobras, as well as Royal Dutch Shell PLC (RDSA) and BP PLC (BP) have also been reported as keen to grab assets in the ethanol segment.