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Posts Tagged ‘Saudi Aramco’

Shell, Saudi Arabia, Arms-for-Oil, Corruption, & Radioactive Contamination

Assertion on 13 November 2008 by Richard Wiseman (Chief Ethics & Compliance Officer of Royal Dutch Shell Plc) to John Donovan:

“It is only because you know that I am utterly incapable of arranging the actions you ascribe to me, that you repeatedly accuse me of things of which you know I am completely innocent, safe in the believe that I would take no action.”

Spending on oil and gas projects collapses

This week it emerged that Royal Dutch Shell had shelved plans for a $3 billion (£2 billion) coal-to-liquid fuels project in Australia. Last month the group announced a delay to the expansion of its oil sands mining project in Northern Alberta, Canada.

Shell, Aramco, Petrobras Speed Project Spending Cuts

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.

What does a company making $250 billion a year do for an encore?

That confidence springs from cash, mountains of it, and know-how. The 100% state-owned Aramco manages all its own projects and invests in the latest technology. It’s easily the most profitable company on the planet:

Motiva Enterprises LLC

Motiva Enterprises (Motiva) is a joint venture between Shell (now known as Royal Dutch Shell) and Saudi Aramco. It refines, distributes, and markets oil products in eastern and southern US. The company operates in the US. It is headquartered in Houston, Texas. Motiva is a privately held company and does not publish its financial results.

Conoco, Aramco Delay Saudi Refinery

Project delays in the high-cost Canadian oil sands have been announced in the past month by Royal Dutch Shell PLC, Suncor Energy Inc. and Nexen Inc.

Saudi Aramco launches project review amid declining oil prices

Saudi Aramco, the world’s biggest oil company, is reviewing some of its long-term projects following the sharp decline in oil prices and a dramatic slowdown in demand growth for crude, a senior official said yesterday.

Saudi Aramco Names Khalid Al-Falih as Chief Executive

Al-Falih also chaired the country’s natural gas exploration, a venture between Aramco and Royal Dutch Shell Plc.

Shell says U.S. Gulf refineries ramping up after Ike

Shell said Saturday its U.S. Gulf refining throughput was about 1 million barrels per day out of a total of 1.2 million bpd.

American Red Cross Receives $1 million from Shell Oil Company and Motiva Enterprises LLC

Shell and Motiva announced a $1 million donation to the Red Cross to support the organization’s large and lengthy hurricane relief efforts in Texas and Louisiana.

More refineries press restart button

Shell expects to start making motor fuels at its Deer Park refinery this week. The Motiva plant in Port Arthur, which Shell co-owns with Saudi Aramco, could start making gasoline and other products by the end of the week, Shell said.

Shell confirms find at Saudi Empty Quarter -report

DUBAI, Aug 23 (Reuters) – Royal Dutch Shell said a joint venture with state-owned Saudi Aramco had discovered a hydrocarbons system at the kingdom’s Empty Quarter, Middle East Economic Digest (MEED) reported.

Despite rocketing prices, outlook is bleak for oil majors

“It’s more and more difficult now to know which are national companies and which are majors because the majority of the nationals are becoming internationals,” said Linda Cook, head of gas and electricity at Anglo-Dutch Shell.

Energy industry upheaval to benefit oil services

Some suggested that the international oil companies such as ExxonMobil, BP and Royal Dutch Shell would have to change their business model to become more like service companies if they were to prosper.

Sulphur price soars on fertiliser demand

“Shell is one of the most-efficient producers of sulphur,” Barry Clarke, a sulphur market analyst for Pentasul, said. Shell produces about 3.5 million tonnes of sulphur, much of it from its Canadian oil sands business, and its cost, Mr Clarke reckons, is merely the rail freight cost of getting the sulphur to a port, about $25 a tonne.