By JULIA WERDIGIER: July 28, 2011 LONDON Royal Dutch Shell, the biggest oil company in Europe, said on Thursday that its profit almost doubled in the second quarter on higher oil prices and as new oil and gas projects came on stream. Profit rose to $8.7 billion in the April-through June period, from $4.4 [...]
Posts Tagged ‘Oil Prices’
Shell’s second-quarter profit rises 55%
July 28, 2011, 3:06 a.m. EDT By Alexis Flynn LONDON -(MarketWatch)- Royal Dutch Shell PLC (RDSB.LN) Thursday posted a 56% rise in adjusted profit for the second quarter, buoyed by higher oil prices and the first contributions from its recently delivered flagship projects in Canada and Qatar. “Our second quarter 2011 earnings were higher than [...]
Shell trumps BP in the battle of the oil giants
Britain’s biggest oil companies are expected to reveal bumper profits totalling a massive £9.2bn for the quarter, but troubled BP, once industry leader, will be far outstripped by Shell. By Josie Ensor 6:00AM BST 25 Jul 2011 Royal Dutch Shell is set to post quarterly profits of £4bn on Tuesday, a 60pc increase on the [...]
Oil companies poised to unveil huge profits
Britain’s three biggest oil companies are set to reveal huge profits totalling almost $15bn (£9.2bn) for the past three months, with market leader Royal Dutch Shell making around $75m (£46m) per day. High oil prices have boosted the earnings of Royal Dutch Shell, BP and BG Group, with the cost per barrel of crude averaging [...]
This Day (Lagos) Nigeria: Shell Seeks Dialogue As Bayelsa Youths Protest
By Ejiofor Alike: 15 July 2011 Shell Petroleum Development Company (SPDC) has stated that it is in the process of engaging the protesting youths of Kolo Creek communities of Bayelsa State who tampered with the company’s installations in such a manner that poses serious threat to people and the environment. This is coming at a [...]
World oil demand to strain supply in 2012-IEA
Wed Jul 13, 2011 1:27pm GMT * IEA sees continued gap between OPEC output and demand for OPEC oil * Maintains that strategic petroleum reserves release is working * No decision yet on further stocks releases By Alex Lawler and Barbara Lewis LONDON, July 13 (Reuters) – World oil demand growth will accelerate next year, [...]
Shell CEO warns of global energy supply shortage this decade
By MYRNA M. VELASCO July 11, 2011, 1:54am PETALING JAYA, Malaysia This decade would be another defining moment for the global energy sector as warning of probable supply shortage had been raised a scenario which may drive prices to extreme volatilities for the next round. In a roundtable briefing with selected Asian journalists [...]
Shell to produce more gas than oil from 2012-report
Fri Jul 8, 2011 12:59pm EDT * Royal Dutch Shell CEO says future belongs to gas-report * Says trend for energy prices pointing upwards * Says Shell to invest $30 bln in Australia in next 5 yrs ZURICH, July 8 (Reuters) – Royal Dutch Shell Plc (RDSa.L) will produce more gas than oil from 2012, [...]
Shell Executive: No Emergency To Warrant Release From Oil Reserve
June 30, 2011 HOUSTON -(Dow Jones)- There was no emergency in oil markets to warrant the globally coordinated oil release announced last week, a top executive from oil giant Royal Dutch Shell PLC (RDSA) said Thursday. “That oil is there for emergency purposes. Do I consider now an emergency? I have to say I don’t,” [...]
Royal Dutch Shell issues production warning in Nigeria after sabotage on major pipeline
By Associated Press, Updated: Monday, June 13, 4:39 PM LAGOS, Nigeria Royal Dutch Shell PLC is warning that it cant meet forecast production in Nigeria after sabotage on a main pipeline in the countrys southern delta. A Shell spokesman said in a statement Monday that the companys Nigerian subsidiary has declared force majeure on its Bonny [...]
Germans attack BP, Shell for over-charging for petrol
Five big oil companies, including BP and Shell, are in trouble with the German regulator for over-charging drivers at petrol stations. Petrol has become a contentious issue for households across Europe as prices at the pump have risen in line with the soaring oil price above $120 per barrel. By Rowena Mason 6:59PM BST 26 [...]
Facing Up to End of ‘Easy Oil’
May 24, 2011 By BEN CASSELMAN WAFRA, KuwaitThe 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 [...]
Shell ‘co-opting’ Nigerian militants
By John Donovan In June 2009 we reported that a Shell Nigeria insider had disclosed to us that senior colleagues had a commercial relationship with militant leaders of gangs carrying out attacks on Shell employees, pipelines and installations. We established that the source was authentic. Indeed, to our surprise we discovered that The Financial Times [...]
Shell’s U.S. Shale Gas May Be Refined Into Diesel, Jet Fuel
Thursday, May 19, 2011 May 19 (Bloomberg) — Royal Dutch Shell Plc, Europe’s largest oil company, said a $19 billion investment in Qatar may prove that abundant natural gas coaxed from shale rocks across the U.S. could be converted into diesel and jet fuel. Shell, which is completing the world’s largest gas-to- liquids plant in [...]
Shell President Marvin Odum Appears at the Senate Finance Committee Meeting
WASHINGTON, May 12, 2011 /PRNewswire/ — Statement of Marvin E. Odum President, Shell Oil Company (Photo right) SHELL OIL COMPANY ODUM Marvin Odum, president of Shell Oil Company. (PRNewsFoto/Shell Oil Company) WASHINGTON, DC UNITED STATES Chairman Baucus, Ranking Member Hatch, and members of the Committee: I am Marvin Odum, president of Shell Oil Company. Shell [...]


Shell Blog RSS Feed