Shell exploration focussed near existing fields By Ron Bousso LONDON, Dec 13 (Reuters) – In the waters off Malaysia, Royal Dutch Shell exploration professionals are finding gas quickly and cheaply to replenish depleting fields where only a few years ago geologists had lost hope of discovering any new reserves. The Anglo-Dutch group is combining the latest […]
After Alaska flop, Shell exploration moves closer to home Read More »
Venezuela says Shell to provide $400 mln financing for oil venture CARACAS, Dec 6 (Reuters) – Royal Dutch Shell Plc will provide some $400 million in financing to boost oil output at Venezuela’s Petroregional del Lago, a joint venture with state-run PDVSA, the South American country announced on Tuesday. Petroregional, which operates the Urdaneta oilfield
Shell to provide $400M financing in PDVSA joint venture company Read More »
Paris climate accord commits 200 countries to limiting temperature increases to 2°C AMSTERDAM, Nov 26 (Reuters) – Royal Dutch Shell expects to pump out all the fossil fuel reserves listed on its balance sheet, its chief executive said, dismissing concerns that production limits in the wake of the Paris climate accord could hit the energy
Shell CEO expects no valuation hit from Paris climate accord Read More »
Shell Gabon assets valued at around $700 million By Ron Bousso LONDON, Nov 25 (Reuters) – Royal Dutch Shell is in advanced talks with a party interested in buying its onshore operations in Gabon as part of a $30 billion divestment plan following its purchase of BG Group, which was completed in February. Shell had informed its
Shell Gabon sale talks ongoing as company seeks to hit divestment target Read More »
NNPC will pay $5.1 billion over five years, interest free By Felix Onuah ABUJA, Nov 17 (Reuters) -The Nigerian National Petroleum Corporation (NNPC) has reached a deal to pay $5.1 billion in unpaid bills to oil majors including Royal Dutch Shell and Exxon Mobil, the minister of state for oil said on Thursday. The OPEC member’s state
NNPC reaches a deal to pay $5.1 billion in unpaid bills to oil majors Read More »
Impact on Escravos not yet clear By Tife Owolabi and Libby George LAGOS/LONDON, Nigeria, Nov 9 (Reuters) – Royal Dutch Shell has shut down an Escravos crude oil flow station in Nigeria’s Niger Delta after villagers demanding aid staged a protest, the firm and residents said on Wednesday. In another blow to the oil major, the
Shell shuts flow station on Nigerian Escravos oil line shut after locals staged protest Read More »
Shell’s miss on 23rd Norway offshore licensing round “sad and very regrettable”: Official BODOE, Norway, Oct 31 (Reuters) – Royal Dutch Shell expects to take part in the next bidding round for Norway offshore exploration licences, after dropping out of the latest one, the head of its Norwegian unit said on Monday. The oil major
Shell pulls out of latest Norway offshore exploration licence bidding, eyes next round Read More »
Deer Park overhaul expected to last to end of October (Reuters) – Royal Dutch Shell Plc’s joint-venture 285,500 barrel-per-day (bpd) Deer Park, Texas, refinery began a planned overhaul on Monday of the gasoline-producing fluidic catalytic cracking unit, said sources familiar with plant operations. Shell spokesman Ray Fisher said planned maintenance was being performed at the
Shell JV Deer Park gasoline unit overhaul begins Read More »
Dutch North Sea wind farm has 680 MW output AMSTERDAM, Sept 8 (Reuters) – Royal Dutch Shell, which lost a bid to build a Dutch North Sea wind farm in July, is interested in entering a second tender process opening next week, an official said on Thursday. Marjan van Loon, Shell’s top executive in the Netherlands, told
Shell eyes next tender for Dutch North Sea wind farm Read More »
Big Oil output to rise nine per cent by 2018 By Ron Bousso LONDON, Sept 5 (Reuters) – Never mind the drop in crude prices, huge spending cuts and thousands of job losses – the world’s top oil and gas companies are set to produce more than ever for some time. While top oil companies struggle
Despite cuts, Big Oil to expand production into the 2020s Read More »
