ABUJA, Nigeria (AFP) Nigeria and oil giant Royal Dutch Shell Tuesday announced a 1.6 billion dollar (1.25 billion euro) gas production project in the volatile Niger Delta.
February, 2009:
Nigeria, Shell clinch 1.6 billion-dollar gas deal
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Shell sees Nigeria Soku gas output restored soon
"Hopefully soon, in the coming weeks, we can bring production back on," Ann Pickard, Shell's regional executive vice president for Africa, told an industry conference in Abuja.
Nigeria warned over energy reform plans
Ms Pickard said Shell was in favour of the governments plan to restructure the NNPC, which is designed to tackle a chronic lack of investment in its joint ventures with Western majors, but said questions over the future shape of the tax regime were hurting new investment.
Oil majors drag on Footsie amid glum outlook for crude
We believe the oil sector is entering a steeper and longer downturn than either the oil or equity markets imply and that large-cap oil shares are not as defensive as currently priced, BarCaps Tim Whittaker said.
Shell to continue with $31bn plans
Daily Telegraph
23 February 2009
Royal Dutch Shell plans to continue with its $31 bn (£21 bn) investment programme this year despite the collapse in crude oil prices from a record high of $147 a barrel last July.
Jeroen van der Veer, Shell’s chief executive, said that “for our projects, we never took into account that prices would remain so high for so long”. He added: “All our investments, and the few we postponed, can perfectly withstand current oil prices.”
The majority of oil companies are pulling back their spending as the fall in crude prices erodes profits.
BP and Shell hit by talk of cutting dividends
Heavyweight oil majors BP and Royal Dutch Shell came under pressure after broker Barclays Capital raised the prospect of both companies cutting their dividends if the oil price continues to decline.
Helicopter lands after fuel alert
It had been travelling from the Brent oil field in the North Sea with 19 passengers and two crew on board.
Crude Oil Rises as Dollar Drops, OPEC Signals Resolve to Cut
The Organization of Petroleum Exporting Countries may decide to make another production cut should oil prices continue to fall...
Burlington Northern, Union Pacific Seek Court Help on Cleanup
In a connected appeal, Shell Oil Co. says it shouldnt be held responsible for selling Brown & Bryant a pesticide known as D-D, which leaked into the ground and threatened water supplies. Shell, an affiliate of Royal Dutch Shell Plc, is also pressing the court to apportion any costs the company must pay.
Aramco-Shell Saudi refinery resumes exports
DUBAI, Feb 23 (Reuters) - Saudi Aramco and Royal Dutch Shell's (RDSa.L) joint venture Jubail refinery restarted oil exports on Monday after bad weather interrupted the flow for four to five days, shipping sources said.
Shell Australia Refinery Workers Reject Labor Offer
Feb. 23 (Bloomberg) -- Royal Dutch Shell Plc, one of four oil refiners in Australia, said interim results of a secret ballot of workers at its Clyde plant near Sydney indicate the companys proposed labor agreement was rejected.
Shell makes donation to UTs McCombs school
AustinBusinessJournal
19 February 2009
EXTRACTS
Shell Oil Co. has donated $313,500 to support academic programs at the University of Texas at Austin McCombs School of Business, Cockrell School of Engineering and Jackson School of Geosciences.
Shell has given the university more than $26 million in gifts and research grants.
Gas deal for Golar as Shell loses out
As revealed in The Australian in December, Golar has edged out energy giant Shell, which had been widely expected to take LNG produced from the plant after last year buying into Arrow Energy's CSG reserves.
Total, the French Oil Company, Places Its Bets Globally
Like its competitors, Total now faces one of the sharpest downturns in the history of the oil business...
Gardai in Mayo’s overtime boost over Shell
Five gardai in Co Mayo earned 325,141 in overtime payments last year, as the cost of policing Shells gas pipeline put a serious strain on the forces budget.
Shell to check for benzene
Officials announced Monday that Shell Oil Products US would start field activities in the early spring to check for benzene, which was released from an underground pipeline 23 years ago. Benzene is a chemical component of gasoline and other petroleum hydrocarbons with the most serious potential health effects. A total of 8,400 gallons of benzene leaked from an underground pipeline that was used by Wood River Refinery while it was owned and operated by Shell Oil Co.
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