LONDON (Dow Jones)--BP PLC (BP) and Royal Dutch Shell PLC (RDSB.LN) have angered environmental groups by quietly cutting back their investment in renewable energy, but experts said the move reflects a business reality that is hard to contest.
March, 2009:
BP, Shell Renewable Invest Cuts Make Business Sense
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Shell water rights opponents band together
The entities are among 25 groups that have logged oppositions against the application filed by Shell Frontier Oil and Gas in water court in Steamboat Springs in late December 2008.
BG succeeds in bid for Pure Energy
Rumours have recently been circulating in Australia that either BG or Shell might make a bid for Santos, another company with interests in Queenslands coal bed methane with a market capitalisation of about A$10bn.
Australia is the land of promise for BP and Shell
BP edged down 4p to 471¾p and Shell fell 30p to £15.33 amid talk that both were eyeing a $7 billion (£4.8 billion) bid for Santos, Australias third-largest energy company.
Jeroen van der Veer and Peter Voser received at Buckingham Palace
Buckingham Palace
23rd March, 2009
The Duke of York, Grand Master, Guild of Air Pilots and Air Navigators, this afternoon received Air Commodore R. Peacock-Edwards upon relinquishing his appointment as Master and Rear Admiral Colin Cooke-Priest upon assuming the appointment.
His Royal Highness, Special Representative for International Trade and Investment, received Mr. Jeroen Van de Veer (outgoing Chief Executive of Royal Dutch Shell plc) and Mr. Peter Voser (incoming Chief Executive).
SPD extends Halliburton E&P services in Siberia
LOS ANGELES, Mar. 24 -- Salym Petroleum Development (SPD), a joint venture of Royal Dutch Shell PLC and Sibir Energy, has signed a contract extension with Halliburton for exploration and production services in the Khanty-Mansi autonomous district of western Siberia.
Shell May Use Floating LNG Technology in Egyptian Gas Area
March 24 (Bloomberg) -- Royal Dutch Shell Plc, Europes largest oil company, may produce liquefied natural gas from an area in Egypt using a floating vessel, a government official said.
Todd Monette leaving April 1: Motiva Port Arthur GM gets Shell corporate assignment
Motiva Port Arthur's General Manager Todd Monette is transferring, effective April 1, from his current position into a corporate assignment within Shell's Downstream Global Manufacturing group...
DEALTALK-BP, Shell eye Santos; China bid unlikely
HONG KONG/PERTH, March 24 (Reuters) - Global energy giants BP and Shell are eyeing possible bids for Australia's No.3 oil and gas firm Santos, which one analyst valued at around $7 billion...
Groups ‘risk repeating recession errors’
Jorma Ollila, chairman of Nokia and Royal Dutch Shell, said: "Let's not cut human capital so it hurts us when we get out of this in two or three years. What I see and what I hear is a clear conscientiousness on this issue. But there is a danger that this recession could distract people from the reality."
Suncor to buy Canadian rival for C$19.6bn
Suncor Energy of Canada is to buy rival Petro-Canada for C$19.6bn (£11bn) in an agreed all-share deal that will create North America's fifth biggest oil and gas producer and accelerate consolidation in the Alberta oil sands.
BG wins control of Australia’s Pure in gas push
The bid for Pure initially pitted BG against its larger rival, Royal Dutch Shell, which already has a joint venture with Arrow developing coal bed methane in Australia and elsewhere. However, Shell undermined Arrow's chances of winning Pure when it said last month that, in the absence of a higher offer, it would sell its own 11 per cent stake to BG.
BG Group Has Majority Control of Pure Energy
Rival bidder Arrow Energy, which is Royal Dutch Shell's Australian joint-venture partner, holds about 20% of Pure and hasn't said whether it will sell its stake into BG's bid.
BG takes majority control of Pure Energy
Rival bidder Arrow Energy, which is Royal Dutch Shell's Australian joint venture partner, holds about 20pc of Pure and hasn't said whether it will sell its stake into BG's bid.
Shell official confirms thirsty nature of oil shale, denies push to corner water market
A Shell Oil official confirmed Friday that the in-situ oil shale production the company is researching at its Mahogany facility near Rangely currently consumes about three barrels of water for every barrel of oil produced.
Suncor and Petro-Canada build their oil sand castle
The merger and acquisition market in the oil and gas industry has been like a ballroom at the start of the evening. Everyone knows there will be a lot of pairing-up going on, but everyone is nervous about making the first move.
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