April 8 (Bloomberg) -- Royal Dutch Shell Plc is limiting gasoline sales from the U.K.s second-largest oil refinery at Stanlow in Cheshire because of a fault, a person familiar with the situation said.
Exxon Mobil
Shell Said to Limit U.K. Gasoline Sales After Fault
A year of merger mania for the majors?
As I've written before, while Exxon's earnings have set records, its worldwide production has declined. So Exxon is sitting on a huge pile of cash, it needs access to new reserves and now assets are available at bargain prices. That's prompting speculation that it might buy Royal Dutch Shell. Exxon could, as CNN points out, offer a 60 percent premium, in cash, for every Shell share, taking out its second largest competitor in the process.
As Prices Slide, Exxon, Shell, BP, Chevron and ConocoPhillips Make Tough Calls and Conserve Cash
Tough choices are looming for the global oil industry as sinking energy prices force companies to reconsider how they spend their money. The new priority: Conserve cash.
Big oil gets help leaving footprints in Alaska
Yogi Berra put it best: It's déjà vu all over again. As it drills wells in the Chukchi Sea, Shell Oil is delivering the same sheen of assurance to Arctic villages and native subsistence hunters. "As a company, we could never afford an oil spill in the Arctic. We just can't afford to have that happen," Marvin Odum, president of Shell Oil Co., said in an Anchorage speech this month.
Size is critical issue at Marathon
But at the same time, while Devon Energy and Anadarko Petroleum, two similar businesses, have been long rumoured as potential takeover targets forExxonMobil and Royal Dutch Shell, those deals have not yet occurred.
Africa’s Potential to Sate World’s Oil Demand Dims
For big state-owned and private oil companies, Africa has played an outsized role. It is responsible for adding nearly a quarter of the globe's total increase in reserves over the past decade. That has been a boon for companies such as Royal Dutch Shell PLC, Exxon MobilCorp. and Total SA, all of which have struggled to replace reserves on their books
OPEC Plans Supply Cut as Crude Oil Heads Toward $50 (Update1)
The prospect of OPEC cuts, slowing economic growth and falling prices drove theDow Jones Europe Stoxx Oil & Gas Index down 25 percent in the past five weeks. Irving, Texas-based Exxon Mobil, the world's biggest oil company, fell 37 percent this year, while The Hague-based Royal Dutch Shell Plc, the second-biggest, lost 33 percent.
Iraq Oil Rush
Unfortunately, the evolving deals could well rekindle understandable suspicions in the Arab world about oil being Americas real reason for invading Iraq and fan even more distrust and resentment among Iraqs competing religious and ethnic factions.
Oil giants to sign contracts with Iraq
Iraq's oil ministry stepped up talks with BP, Exxon Mobil, Shell and Total after the US vice-president, Dick Cheney, visited Iraq in March, where he also pressed the government to revive efforts to pass the hydrocarbon law that nationalist MPs were blocking. The first contracts are expected to be signed this month. Some 90% of Iraq's budget comes from oil revenues.
Oil faces £970m grab by Nigeria
Nigeria's president has ordered its state oil company to claw back $1.9bn (£970.8m) in revenue and taxes it says it is owed by local units of Royal Dutch Shell and Exxon Mobil.