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Posts Tagged ‘Nasdaq’

Shell Receives Approval To Drill At Gulf Of Mexico Europa Field

Aug 4, 2011

HOUSTON -(Dow Jones)- Royal Dutch Shell (RDSA) said Thursday it has received approval from federal regulators to drill a new well at its Gulf of Mexico Europa field.

The permit will allow Shell, one of the largest producers in the Gulf, to return all of its five contracted drilling rigs to work, a company spokeswoman wrote in an email.

Shell and other companies slowed the pace of drilling in the deepwater Gulf of Mexico after the federal government imposed a nine-month drilling moratorium in the area following last year’s BP PLC’s (BP) Deepwater Horizon oil spill. The government resumed issuing permits in late February. read more

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

Shell Executive: No Emergency To Warrant Release From Oil Reserve

June 30, 2011

HOUSTON -(Dow Jones)- There was no emergency in oil markets to warrant the globally coordinated oil release announced last week, a top executive from oil giant Royal Dutch Shell PLC (RDSA) said Thursday.

“That oil is there for emergency purposes. Do I consider now an emergency? I have to say I don’t,” said Marvin Odum, president of Shell Oil Co., the U.S. unit of the Anglo-Dutch giant. “It doesn’t change the middle- to longer-term picture. The conversation we need to be having is about the long-term supply issue.” read more

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

Saudi Arabia To Be Motiva Texas Refinery’s Sole Supplier – Source

By Ben Lefebvre, Of DOW JONES NEWSWIRES

HOUSTON -(Dow Jones)- Saudi Arabia will be the sole supplier of crude oil to Motiva Enterprises LLC’s refinery in Texas after the facility finishes expanding its capacity to 600,000 barrels a day next year, a person familiar with the matter said Friday.

The expansion of the Port Arthur, Texas, refinery, a joint venture between Royal Dutch Shell PLC (RDSA, RDSA.LN) and Saudi Arabia’s state-owned oil company Saudi Arabian Oil Co. (SOI.YY), is scheduled for completion in the first quarter of 2012. The boost in its intake of Saudi crude oil would coincide with Saudi Arabia’s pledge to boost its oil production despite opposition from fellow members of the Organization of Petroleum Exporting Countries. read more

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

Shell Makes Final Investment To Develop Cardamom Field

June 8, 2011

LONDON -(Dow Jones)- Royal Dutch Shell PLC (RDSA.LN) has taken the final investment decision for the multi-billion dollar development of its deepwater Cardamom oil and gas field in the Gulf of Mexico, the Anglo-Dutch energy company said Wednesday.

“This is another sizable deep-water investment by Shell that strengthens energy supplies to the USA. It will also secure employment for more offshore workers,” said Shell Upstream Americas Director Marvin Odum. (Right)

Shell said its plan to develop Cardamom was a “significant, multi-billion dollar investment” although it didn’t specify how much and over what period of time it would be spending the money. read more

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.