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Shell nearly there on Pearl, Port Arthur restart early 2013

LONDON | Thu Nov 1, 2012 5:29am EDT

Nov 1 (Reuters) – Royal Dutch Shell Finance Director Simon Henry said the company was “nearly there” in ramping up to full output at its Pearl Gas to Liquids (GTL) facility in Qatar and that the company was “on track” to restart the 325,000 barrels-a-day damaged Port Arthur refinery unit in the United States.

He was speaking at a presentation of Shell’s third-quarter results.


LONDON | Thu Nov 1, 2012 5:21am EDT

Nov 1 (Reuters) – Europe’s top oil company Royal Dutch Shell is seeing signs of a weak European economy “all around us,” the company’s finance director Simon Henry said during a third-quarter results conference call on Thursday.

He was making the comment in the context of strong refining margins in the quarter, which he said were more the result of supply disruptions than any strength in actual demand.

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