Royal Dutch Shell Plc (RDSA), Europe’s largest oil company, said Japan’s nuclear accident will support world natural gas demand in the longer term.
Click to continue reading “Shell Says Japan Nuclear Accident to Support Long-Term Global Gas Demand”
News and information on Royal Dutch Shell Plc.
Royal Dutch Shell Plc (RDSA), Europe’s largest oil company, said Japan’s nuclear accident will support world natural gas demand in the longer term.
Click to continue reading “Shell Says Japan Nuclear Accident to Support Long-Term Global Gas Demand”
LONDON (Dow Jones)–U.K. energy giant Royal Dutch Shell PLC (RDSA) said Friday it is working to bring increased supplies of liquefied natural gas to help meet the expected rise in Japanese demand, as the world’s third-largest economy scrambles to cover its power requirements following the shutdown of nuclear plants across the country.
Shell said two shipments of LNG from Brunei have unloaded in Tokyo in the last 24 hours, with further cargoes from other locations to follow in the coming days.
“Shell and its LNG joint ventures are working with their Japanese customers to help bring additional supplies of LNG into the country to meet [the country's] critical requirements,” the company said in a statement emailed to Dow Jones Newswires.
The 8.9-magnitude earthquake that struck Japan March 11 has led to the shutdown of 9.7 gigawatts of the country’s nuclear capacity, sending the cost of natural gas, and other fuels used for power generation, soaring.
At 1459 GMT, the U.K. natural gas April Futures contract on ICE was 62.75 pence a therm, around 8% higher than March 10.
-By Alexis Flynn, Dow Jones Newswires; +44 2078429471, alexis.flynn@dowjones.com
TOKYO, Dec 16 (Reuters) – Showa Shell Sekiyu, Japan’s fifth-biggest oil refiner, has been making efforts to boost its oil export capacity to make up for a shrinking domestic market, a company source said.
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“Cosmo and Showa Shell’s main shareholders are different, so a merger is unlikely now,” said UBS’ Ito. Saudi Aramco increased its stake in Showa Shell to 15 percent stake in 2005, while IPIC, the investment arm of the Abu Dhabi government of the United Arab Emirates bought 20 percent in Cosmo last year to become the top shareholder.
Click to continue reading “Japan refiners to be stirred, not shaken, by merger”
Dec. 3 (Bloomberg) — Showa Shell Sekiyu K.K., the Japanese oil refining unit of Royal Dutch Shell Plc, will open its first battery-charging station as more electric cars take to the road.
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Nov. 28 (Bloomberg) — Idemitsu Kosan Co., Japan’s second- largest oil refiner, and Showa Shell Sekiyu K.K. will cut crude oil processing in the quarter ending Dec. 31 as the nation’s demand for gasoline and other petroleum products declines.
Click to continue reading “Idemitsu, Showa Shell to Cut Oil Refining on Demand (Update2)”
TOKYO, Sept 10 (Reuters) – Japan’s Showa Shell Sekiyu KK (5002.T: Quote,Profile, Research, Stock Buzz) plans to cut its crude refining volume…
Click to continue reading “Showa Shell cuts crude refining on weak demand”
International investors, including Royal Dutch Shell, Dow Chemical Co, Japanese Marubeni and India’s Reliance, were showing heightened interest in the country’s main petrochemical plant near Basra.
Click to continue reading “Foreign firms eyeing Iraq deal as security improves”
Showa Shell Sekiyu has grand designs for its fledgling clean energy business.
Click to continue reading “Sunshine Solution For Showa Shell”
Showa Shell Sekiyu KK leapt 6.1 percent to 1,251 yen after the Nikkei business daily reported the oil refiner plans to build one of the world’s biggest solar panel plants at a cost of more than 100 billion yen ($940 million).