With a good deal of conventional oil production becoming uneconomic at today's prices, you would think that oil majors might shelve their dreams of tapping the world's vast -- and unconventional -- oil shale reserves. Well, Total SA and Royal Dutch Shell are keeping the dream alive.
Total SA
Oil Shale Dreams Aren’t Dead
OPEC Clashes With Goldman on $75 Oil as Demand Slumps
Oslo-based StatoilHydro ASA and Royal Dutch Shell Plc of The Hague postponed investments in Canadas oil sands this year after tumbling prices reduced potential profits.
Shell fined 10.5 million euros after being caught in another price fixing cartel
Compliance with antitrust rules remains a top priority for management, said Wendel Broere, spokesman for The Hague- based Royal Dutch Shell, Europes largest oil company, which was fined 10.5 million euros. The company hasnt decided whether to appeal.
Shell, ExxonMobil, Chevron and Total SA in running for gas reserves partnership deal with Pertamina
Pertamina has short-listed Royal Dutch Shell Plc, Exxon Mobil Corp. and Total SA among the companies, LNG Intelligence reported in November.
ConocoPhillips, a Cheap Big Oil Play
ConocoPhillips' strength in natural gas production and oil refining and recent oil deals in Russia and the Mideast make its beaten-down shares promising
Oil Tanker Attack May Spur Increased Security, New Routes
Shell's liquefied natural-gas shipments from Qatar may be disrupted by the increased risk of offshore attacks, according to Deloitte's Widdershoven. ``This attack was the biggest thing that could happen and if they can pull this off, they can also hijack an LNG tanker.''
Total says oil price fall will not halt big energy projects
Royal Dutch Shell last week said it would defer a decision on expansion of an oil sands project, while investments have also been put on hold by Britain's BG and Norway's StatoilHydro.
Western Oil Companies Resolve Kazakh Dispute
The project also has more partners than most ventures of its kind: besides ENI, there is Royal Dutch Shell PLC, Exxon Mobil Corp.,Total SA, ConocoPhillips, Inpex Holdings Inc. of Japan and KazMunaiGas. Strained relations between the partners have added to the project's complexity.
China and Iraq Finalize Oil Contract, as Western Oil Majors Waver
Thirty-five foreign oil majors were invited to bid for contracts to provide technical support and help boost production in eight oil and natural gas fields last month. However, it was recently reported that oil majors are balking at the commitment...
France and UK reduce trade ties with Iran
France's Total announced its withdrawal from a multi-billion-dollar gas project last week, following a similar move by Royal/Dutch Shell two months ago.
Forties Oil Falls Near 8-Year Low as Shell, Total Trade Cargo
Forties North Sea oil fell to the lowest in almost eight years relative to Dated Brent after Royal Dutch Shell Plc sold a cargo to Total SA and Vitol Group offered a shipment without attracting a buyer.
Nigeria’s first oil well is still source of woe
A half-century later, the villagers live in poverty while oil giants have carted off the riches from beneath their feet and officials head overseas for health care and recreation.
Royal Dutch Shell confirms Iraq talks
NEW YORK (MarketWatch) -- Royal Dutch Shell PLC on Friday confirmed it's in contract negotiations to boost Iraq's petroleum output, after reports that the western oil giants are close to resuming a major role in the war-torn country for the first time in 36 years.
BP’s Hayward Says Era of Cheap Energy Prices Is Over
Nigerian President Umaru Yar'Adua on May 20 ordered his government to seek $1.9 billion from Shell and Exxon in revenue and taxes from two deepwater projects.