Posts Tagged ‘Thomson Reuters’

LONDON, Dec 15 (Reuters) - Oil major Royal Dutch Shell has a booked a fourth supertanker to store crude oil in the U.S. Gulf, ship brokers said on Monday.

Fri Dec 12, 2008 2:05pm GMT: LONDON (Reuters) - Royal Dutch Shell's Dutch pension fund has fallen into deficit as share market turmoil knocked 40 percent off the fund's value, forcing the oil major and employees to increase contributions.

Shell International Finance, part of Royal Dutch Shell Plc (RDSa.L: Quote, Profile,Research, Stock Buzz), on Monday launched a $2.75 billion sale of 30-year notes, according to IFR.

British oil major Royal Dutch Shell Plc (RDSa.L:Quote, Profile, Research, Stock Buzz) confirmed on Sunday that the company and its partners have withdrawn from a major UK wind energy project.

LONDON, Dec 3 (Reuters) - BP said on Wednesday it has agreed to an asset swap with UK gas producer BG Group which would strengthen its position as a major operator of fields in the southern region of the UK North Sea.

Shell has also cut back production at its oil sands mining operation near Fort McMurray, Alberta.

Dudley's resignation, effective from Dec. 1 of this year, follows a protracted struggle between the firm's British and Russian shareholders and was part of an agreement reached between BP and Alfa Access-Renova, the vehicle representing the four Russia-connected billionaires who own the other half of TNK-BP.

WASHINGTON (Reuters) - Shell Oil Co President Marvin Odum said Monday he is concerned that falling oil prices are hurting investment in the sector and may push energy down as a priority for lawmakers.

Royal Dutch Shell declared force majeure on gas supplies to Nigeria Liquefied Natural Gas Ltd on Thursday after it shut down its Soku gas plant to repair pipelines damaged by thieves.

Falling oil prices will take a bite out of Alaska's state budget and put a damper on oil-field investment, Gov.Sarah Palin told a conference of major North Slope oil operators on Wednesday.

Chevron Corp said on Thursday it had to curtail plans for expansion of a new development in Colorado's Piceance Basin due to a drop in local natural gas prices.

Shipping brokers said on Thursday, U.S. oil trader Koch and Royal Dutch Shell had booked supertankers capable of storing 10 million barrels of crude, more than top exporter Saudi Arabia produces in a day.

U.S. energy giant Chevron declared a force majeure in Nigeria on Tuesday after a main supply pipeline to its Escravos export terminal was sabotaged last week, forcing it to shut in around 90,000 barrels per day.

Nov 18 (Reuters) - The growing financial crisis and plunging energy prices have forced companies to scale back spending and delay projects, with expensive ventures in the Canadian oil sands hardest hit.

The head of Iraq's parliamentary Oil and Gas Committee said on Saturday he was concerned about a lack of transparency in a flare gas contract which the government has signed with oil major Royal Dutch Shell.

The growing financial crisis and plunging energy prices have forced oil companies to scale back spending and delay projects, with expensive ventures in the Canadian oil sands hardest hit.