By James Paton Sept. 26 (Bloomberg) — Arrow Energy Ltd., owned by Royal Dutch Shell Plc and PetroChina Co., agreed to buy Bow Energy Ltd. after sweetening its offer to A$535 million ($516 million), gaining resources for a natural gas project in Australia. The coal-seam gas explorer and producer in Queensland state increased its cash [...]
Posts Tagged ‘China’
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 [...]
Slumping Output Raises Tough Questions For European Oil Giants
By Alexis Flynn, Of DOW JONES NEWSWIRES LONDON -(Dow Jones)- When Europe’s major oil companies reported quarterly earnings last week, headlines across national capitals once again excoriated the petroleum giants for soaring profits in the face of consumers anger at high fuel prices. Yet the profits couldn’t mask a trend that continues to trouble Wall [...]
Shell rapidly expanding its positions in unconventional gas (tight gas, shale gas and coal-bed methane)
From pages 31 & 32 of Royal Dutch Shell and its sustainability troubles Background report to the Erratum of Shells Annual Report 2010 The report is made on behalf of Milieudefensie (Friends of the Earth Netherlands) Author: Albert ten Kate: May 2011. Unconventional gas and high-volume fracking Not only for oil, but also for [...]
Shell CEO: China Shale Gas a Big Opportunity
Anglo-Dutch energy giant, Royal Dutch Shell has been pushing into China’s energy market. The company has been deepening ties with state-owned China National Petroleum Corp. (CNPC) and subsidiary PetroChina to explore and develop natural gas in the nation. In an exclusive broadcast interview with CNBC’s Christine Tan on Managing Asia, CEO Peter Voser says China [...]
Shell looks to avoid paying for low-value drilling
Thu Jul 21, 2011 9:06pm GMT * Push against paying service firms for low-margin work * Oil service profit margins rising again with oil prices HOUSTON, July 21 (Reuters) – An executive at Royal Dutch Shell Plc sees a new Chinese partnership as an opportunity to avoid paying oilfield service companies for drilling they could [...]
Shell serious about ethanol and other biofuels, says CEO
By NALIN VIBOONCHART THE NATION KUALA LUMPUR Published on July 9, 2011 Royal Dutch Shell is heavily focused on investing in the exploration and production of gas and biofuels in promising countries, including China and Brazil, as it foresees that these sources of energy will play an important role over the next four decades as [...]
Shell changes talent mix to meet energy market challenges
Skilled recruitment continued as 7,000 people laid off Royal Dutch Shell has continued recruiting despite laying off up to 7,000 staff in the past few years as it continuously reprofiles its talent mix, its HR chief HR has said. Hugh Mitchell (right), Shells chief HR and corporate officer, told the Economists Talent Management Summit yesterday [...]
Chevron sells Shell stake in Australia project
By John Letzing , MarketWatch SAN FRANCISCO (MarketWatch) Chevron Corp. said Sunday it has agreed to sell a stake in its proposed Wheatstone natural-gas project in Australia, a key means for the U.S. oil giant to address growing demand for energy resources in China and other parts of Asia, to Royal Dutch Shell PLC. [...]
Shell drills 17 wells in China, eyes big spend -CEO
BEIJING, March 20 (Reuters) – Royal Dutch Shell (RDSa.L: Quote) is drilling 17 wells in China, including for tight gas and shale gas, Chief Executive Peter Voser told Reuters on Sunday. If the drilling is successful, Shell aims to spend $1 billion a year over the next five years on shale gas in China, he [...]
Exxon, Shell Said to Have Been Hacked Via Chinese Servers
By Michael Riley – Feb 24, 2011 8:26 AM GMT Computer hackers working through Internet servers in China broke into and stole proprietary information from the networks of six U.S. and European energy companies, including Exxon Mobil Corp., Royal Dutch Shell Plc and BP Plc, according to one of the companies and investigators who declined [...]
Royal Dutch Shell Plc .com hit by hackers from China?
By John Donovan We have published articles from time to time reporting apparent denial of service attacks on this website e.g. Royal Dutch Shell Plc.com website under cyber attack (17 December 2010) A few days ago, on 6 February, we published an article under the headline… Overnight crippling load on Royal Dutch Shell plc.com website [...]
Shell Said to Offer Gazprom Assets to Gain LNG Plant Expansion
By Anna Shiryaevskaya – Feb 7, 2011 9:00 PM GMT+0000 Royal Dutch Shell Plc may offer OAO Gazprom assets in Asia in exchange for a deal to expand Russias only liquefied gas export plant, part of talks on a wider global alliance, said people with knowledge of the negotiations. Shell wants to add a third [...]
Shell CEO on BP Bid Rumor: We Grow Organically
Published: Friday, 28 Jan 2011 | 3:46 AM ET By: Antonia Oprita Web Producer, CNBC Royal Dutch Shell is seeking to grow organically and sees demand for oil and gas rising over the next years, CEO Peter Voser told CNBC Friday in an interview from Davos. On January 4, BP’s shares hit a six-month high [...]
WikiLeaks: Royal Dutch Shell machinations over Iran sanctions
Latest leaked diplomatic cable from U.S. Embassy in The Hague confirms Shell exports oil to Iran, yet pressed for imposing broader UN trade sanctions on Iran and forcing Chinese and Russian firms to comply, so as to “level the playing field”. Shell’s Chinese and Russian partners in various multibillion dollar projects may not be impressed. [...]


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