Royal Dutch Shell plc .com Rotating Header Image

Posts Tagged ‘Chevron’

Shell Probe May Keep Oil Refinery Shut Through Mid-October

By Yee Kai Pin Oct. 5 (Bloomberg) — Singapore’s investigation of a Sept. 28 fire may force Royal Dutch Shell Plc to keep its largest oil refinery shut at least through the middle of October. The offshore Pulau Bukom refinery, which exports 90 percent of its products to the Asia-Pacific region, may be closed for [...]

Shell in Customer Talks After Fire Shuts Its Biggest Refinery

October 01, 2011, 8:43 AM EDT By Ann Koh and Yee Kai Pin Oct. 1 (Bloomberg) — Royal Dutch Shell Plc is in talks with customers about the supply of products as it halts all units at its largest oil refinery after the worst fire at the Singapore plant in 23 years. Shell is in [...]

Rosneft Deal Shows Exxon To Be The Only Supermajor With Heft In Russia

In Sakhalin… Exxon has fared much better than rival Royal Dutch Shell, which has led the development of Sakhalin-2. In 2005 Shell disclosed $10 billion in cost overruns on the $20 billion project, and in 2007 it was forced by the Kremlin to sell half of its Sakhalin stake to Gazprom. Though Shell and Rosneft [...]

Oil spill investigation begins as Shell plugs North Sea leak

Successful plugging of two Gannet Alpha leaks come as a Scottish newspaper reveals Shell’s poor safety record in the region An investigation by the Sunday Herald found that Shell had been officially censured 25 times in the past six years for breaking safety rules, giving it one of the worst safety records of any major [...]

The end of Big Oil? Not so fast.

BP’s Wytch Farm oil well in Poole, England August 5, 2011: 5:00 AM ET Splitting up energy giants may make sense while oil prices are as high as they are today, but it may not be worth the organizational headache for Big Oil to break apart. By Shelley DuBois, writer-reporter FORTUNE — Big Oil may [...]

The end of Big Oil?

How the break-up of ConocoPhillips could lead to similar moves by oil conglomerates like BP and Exxon Mobil, forever changing the energy landscape. By Cyrus Sanati, contributor FORTUNE– The announcement last month that ConocoPhillips plans to break up into two separately traded companies took Wall Street by surprise, raising uncomfortable questions as to Big Oil’s [...]

ConocoPhillips to split in two; shares rise

Thu Jul 14, 2011 6:31pm EDT * Signals shift away from ‘super-major’ strategy * Split seen completed in first half of 2012 * CEO Mulva to retire upon completion of split * Shares rise as much as 7.5 percent, but gains fade * Mulva had said no to split in March (Rewrites to bring rivals [...]

ConocoPhillips To Split Refining, Production Arms

July 14, 2011 -Since the end of 2005, ConocoPhillips shares have risen 27.8%, compared with Exxon Mobil and Chevron, up 46.8% and 85.12%, respectively. – Blow to legacy of CEO Jim Mulva, who said he’ll retire once the separation is complete. – Analysts: Conoco may have felt spinning off downstream assets a more immediate way [...]

Golden age for Australia’s LNG?

CANBERRA, Australia, June 7 (UPI) — Australia’s liquefied natural gas industry is on course for a “golden age,” with the sector posed to boost the country’s economy by $38.5 billion by 2020, the International Energy Agency said. IEA’s “Are We Entering a Golden Age of Gas?” report unveiled Monday forecasts global use of gas to [...]

Vladimir Putin ‘comfortable’ with Shell as Arctic partner for Rosneft

Russia’s powerful prime minister Vladimir Putin has given a vote of confidence in Royal Dutch Shell, saying he is “comfortable” with the company exploring the Arctic with state-controlled oil giant Rosneft. The right to look for oil in the Arctic is a great prize for foreign companies as there is the potential for major discoveries [...]

Facing Up to End of ‘Easy Oil’

May 24, 2011 By BEN CASSELMAN WAFRA, Kuwait—The Arabian Peninsula has fueled the global economy with oil for five decades. How long it can continue to do so hinges on projects like one unfolding here in the desert sands along the Saudi Arabia-Kuwait border. Saudi Arabia became the world’s top oil producer by tapping its [...]

BP’s Russian Defeat Brings Arctic Oil Trove Back in Play for Shell, Exxon

By Anna Shiryaevskaya and Kari Lundgren – May 18, 2011 12:00 AM GMT+0100 The collapse of BP Plc (BP/)’s alliance with Russia’s state-run oil company brings one of the world’s largest untapped drilling opportunities back onto the market. Royal Dutch Shell Plc (RDSA), Exxon Mobil Corp. (XOM) and Chevron Corp. (CVX) are potential candidates should [...]

Shell Says Eliminating Oil Tax Breaks Will Affect Supply, Prices

May 12, 2011 9:00 A.M. ET By Tennille Tracy Of DOW JONES NEWSWIRES WASHINGTON (Dow Jones)–As Democrats look to repeal tax breaks given to the oil and gas industry, Royal Dutch Shell PLC (RDSA, RDSA.LN, RDSB, RDSB.LN) President Marvin Odum said in congressional testimony Thursday that lawmakers may think “there is something to gain by [...]

Democrats See Strategy to End Big Oil Tax Breaks

A version of this article appeared in print on May 9, 2011, on page A15 of the New York edition with the headline: Democrats’ Plan Would Offset Deficit by Ending Big Oil’s Tax Breaks. WASHINGTON — Linking two of the politically volatile issues of the moment, Senate Democrats say they will move forward this week [...]

Nigeria oil revenue rose 46% to $59bn in 2010 on improved security

15 April 2011 00:00 The nation’s revenue from oil exports rose 46 percent from 2009 to N9.15 trillion ($59 billion) in 2010, as companies raised output on improved security in the Niger Delta, the National Bureau of Statistics stated yesterday. Nigeria earned $196 billion from oil and gas exports in the four years from 2007 [...]