Get your copy of the Shell-Iraq gas Heads of Agreement.
Click to continue reading “No moves on Iraq oil law in KRG-Baghdad talks”
News and information on Royal Dutch Shell Plc.
Get your copy of the Shell-Iraq gas Heads of Agreement.
Click to continue reading “No moves on Iraq oil law in KRG-Baghdad talks”
U.S. energy giant Chevron declared a force majeure in Nigeria on Tuesday after a main supply pipeline to its Escravos export terminal was sabotaged last week, forcing it to shut in around 90,000 barrels per day.
Click to continue reading “Chevron declares Nigeria oil exports force majeure”
The Alaska Department of Natural Resources has denied ExxonMobil Corp. a permit to build a seasonal ice road to carry equipment to an oil and gas field the state says it has seized.
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Nov. 19 (Bloomberg) — The biggest oil companies including Saudi Aramco,Royal Dutch Shell Plc and Petroleo Brasileiro SA are accelerating spending cuts and delaying projects as the world enters a recession, said Morgan Stanley & Co.
Click to continue reading “Shell, Aramco, Petrobras Speed Project Spending Cuts”
Shell’s liquefied natural-gas shipments from Qatar may be disrupted by the increased risk of offshore attacks, according to Deloitte’s Widdershoven. “This attack was the biggest thing that could happen and if they can pull this off, they can also hijack an LNG tanker.”
Click to continue reading “Oil Tanker Attack May Spur Increased Security, New Routes”
The Salvation Army, one of the largest charitable organizations in the United States, and three major oil brands - Pennzoil(R), Quaker State(R) and Shell Rotella(R) T - are providing consumers an opportunity to help raise important funds for the charity through the “Change is Good, Giving is Better” promotion.
Nov. 18 (Bloomberg) — BP Plc, Europe’s second-biggest oil company, said it will close its solar power equipment manufacturing plant in Sydney at the end of March to focus operations on lower-cost locations.
Click to continue reading “BP Solar to Shut Sydney Production Plant to Cut Costs (Update2)”
Oil majors rarely hedge, rightly believing investors prefer unhedged exposure. Still, any company that forward-sold oil two months ago would have locked in prices twice today’s.
Total, Shell and Exxon also have approval to drill for oil and build an oil centre, targeting production of 50,000 b/d by 2011.
Click to continue reading “Italian dash for oil sounds rural alarm”
Nov. 17 (Bloomberg) — Nigerian police rescued an employee of Royal Dutch Shell Plc hours after he was abducted by unidentified gunmen, a military spokesman said.
Click to continue reading “Nigerian Police Rescue Captured Shell Employee in Niger Delta”