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June 24 (Reuters) – Japanese oil distributor Showa Shell Sekiyu KK (5002.T) said on Wednesday it and Saudi Aramco Oil Co had agreed to start a feasibility study on solar power business in Saudi Arabia. Showa Shell, Japan’s fifth-biggest oil refiner, is investing in thin-film solar cells in a search for new revenue streams. (Reporting by Taiga Uranaka)
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June 24 (Bloomberg) -- Showa Shell Sekiyu KK, a Japanese refiner and solar-equipment maker, rose to the highest in nine months after saying it will build solar plants in Saudi Arabia to expand its alternative energy business.
Motiva, a joint venture between Saudi Aramco and Shell, in March announced the project's completion would be delayed by two years to 2012, leading to speculation it would be canceled altogether as the recession continues to crush U.S. demand for motor fuels.
Dozens of smaller oil companies, starved of cash and facing stiff financial constraints from low oil prices, have in recent months slashed project spending, though most big privately run oil firms, such as Royal Dutch Shell PLC, have maintained their spending plans for 2009.
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.
According to Verna Rutherford of Motiva, changes are being implemented to assure tighter control of costs on the $7 billion refinery expansion project that began December 2007. Demand for Motivas products is down, and with lower demand, margins are also down, making tight cost control essential.
Arai also had specific comments regarding the future roles of his firm's leading shareholdersRoyal Dutch Shell PLC and Saudi Aramco.
"Cosmo and Showa Shell's main shareholders are different, so a merger is unlikely now," said UBS' Ito. Saudi Aramco increased its stake in Showa Shell to 15 percent stake in 2005, while IPIC, the investment arm of the Abu Dhabi government of the United Arab Emirates bought 20 percent in Cosmo last year to become the top shareholder.
Assertion on 13 November 2008 by Richard Wiseman (Chief Ethics & Compliance Officer of Royal Dutch Shell Plc) to John Donovan:
"It is only because you know that I am utterly incapable of arranging the actions you ascribe to me, that you repeatedly accuse me of things of which you know I am completely innocent, safe in the believe that I would take no action."
This week it emerged that Royal Dutch Shell had shelved plans for a $3 billion (£2 billion) coal-to-liquid fuels project in Australia. Last month the group announced a delay to the expansion of its oil sands mining project in Northern Alberta, Canada.
Nov. 19 (Bloomberg) -- The biggest oil companies including Saudi Aramco,Royal Dutch Shell Plc and Petroleo Brasileiro SA are accelerating spending cuts and delaying projects as the world enters a recession, said Morgan Stanley & Co.
That confidence springs from cash, mountains of it, and know-how. The 100% state-owned Aramco manages all its own projects and invests in the latest technology. It's easily the most profitable company on the planet:
Motiva Enterprises (Motiva) is a joint venture between Shell (now known as Royal Dutch Shell) and Saudi Aramco. It refines, distributes, and markets oil products in eastern and southern US. The company operates in the US. It is headquartered in Houston, Texas. Motiva is a privately held company and does not publish its financial results.
Project delays in the high-cost Canadian oil sands have been announced in the past month by Royal Dutch Shell PLC, Suncor Energy Inc. and Nexen Inc.
Saudi Aramco, the world's biggest oil company, is reviewing some of its long-term projects following the sharp decline in oil prices and a dramatic slowdown in demand growth for crude, a senior official said yesterday.
Al-Falih also chaired the country's natural gas exploration, a venture between Aramco and Royal Dutch Shell Plc.
See our link list of over 500 articles by the FT, Wall Street Journal, Reuters, Bloomberg, Forbes, Dow Jones Newswires, New York Times, CNBC etc, plus UK House of Commons Select Committee Hansard records, information on U.S. Securities & Exchange Commission website etc. all containing references to our Shell focussed websites, or our website founders Alfred and John Donovan. Includes TV documentary features in English and German, newspaper and magazine articles, radio interviews, newsletters etc. Plus academic papers, Stratfor intelligence reports and UK, U.S. and Australian state/parliamentary publications, also citing our Shell websites. Click on this link to see the entire list, all in date order with a link to an index of over 100 books also containing references to our non-profit websites and/or our activities.
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