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Posts under ‘Australia’

Shell quiet on refinery

SHELL Australia has again failed to guarantee the future of its refinery operations in Geelong, as the company looks to scale back in the face of increased Asian competition and reduced margins. Cameron Best   |  December 6th, 2011 SHELL Australia has again failed to guarantee the future of its refinery operations in Geelong, as the company [...]

Big Oil Heads Back Home

Energy companies are shifting their focus away from the Middle East and toward the West—with profound implications for the companies, global politics and consumers DECEMBER 5, 2011 By GUY CHAZAN Big Oil is redrawing the energy map. For decades, its main stomping grounds were in the developing world—exotic locales like the Persian Gulf and the [...]

Royal Dutch Shell conducts global meeting in Oman

Sun, 04 December 2011 By A Staff Reporter – MUSCAT — Royal Dutch Shell’s Chief Executive, Peter Voser, has hosted 190 of his most senior management colleagues, at the luxury Shangri-La Hotel in Muscat. The executives gathered with government dignitaries and business luminaries from around the world to discuss Shell’s global strategy and to celebrate [...]

Shell’s China Moves: Can Shell keep riding this tiger?

The Anglo-Dutch energy giant and state-owned PetroChina have teamed up to get gas out of the ground in China—and to tap new sources of energy worldwide November 16, 2011, 11:10 PM EST By Stanley Reed and Dexter Roberts The hilltop city of Yulin, about 500 miles southwest of Beijing, was once a strong point in [...]

Overuse and waste of invaluable water resources within the oil and gas sector

EXTRACTS FROM THE RepRisk WATER SCARCITY REPORT RepRisk is the leading provider of dynamic business intelligence on environmental social and governance risks. In 2010, access to clean water received recognition as a basic human right through a majority vote of the United Nations General Assembly. According to the UN, nearly 900 million people have no [...]

Woodside Petroleum: To Shell or Not to Shell?

NOVEMBER 8, 2011 By Gillian Tan It’s been a year to the day since Royal Dutch Shell blindsided Australia’s largest oil and gas company Woodside Petroleum by selling down a 10% stake for A$3.3 billion (US$3.4 billion). Appeasing Woodside, Shell promised to hold onto its remaining 24.27% interest for a year unless a takeover offer [...]

Australia Delays Ruling on Shell-PetroChina Bid

NOVEMBER 2, 2011, 4:52 A.M. ET By DAVID WINNING And DAVID FICKLING SYDNEY—Australia’s foreign-investment watchdog has pushed back by up to 90 days a decision on the takeover of coal-seam-gas developer Bow Energy Ltd. by a joint venture of Royal Dutch Shell PLC and PetroChina Co. In a government notice to parliament, the Foreign Investment [...]

Asia will drive growth for Shell, says CEO

Devjyot Ghoshal Energy-hungry Asia will remain the major growth driver for Shell, though the region’s appetite may diminish slightly next year owing to global uncertainties, the Dutch oil and gas major’s chief executive officer, Peter Voser, said on Monday. “I think Asia-Pacific for us is the key growth region. We see a lot of growth, [...]

Shell looks to North Sea as European investment cut

MARK WILLIAMSON 28 Oct 2011 ROYAL Dutch Shell said it would curb investment in Europe where it expects the economy to stagnate, but made clear it would still spend in the North Sea. Announcing bumper profits driven by high oil prices, the oil and gas giant said it will shift a growing share of its [...]

Shell Reports Higher Q3 Earnings on Oil Prices

By Eduard Gismatullin – Oct 27, 2011 8:25 AM GMT+0100 Royal Dutch Shell Plc, Europe’s biggest oil company, said third-quarter profit doubled as energy prices rose and it ramped up projects from Qatar to Canada. Net income increased to $7 billion from $3.5 billion a year earlier, The Hague-based Shell said today in a statement. [...]

Is Royal Dutch Shell Trying To Muscle Into InterOil’s LNG Project?

EXTRACT FROM RELATED ARTICLE: Now that it is out in the open, the story in The Sunday Chronicle is actually very damaging for Shell… (Is Shell Trying To Muscle Into InterOil’s LNG Project?) Sunday September 25, 2011 THE O’Neill-Namah government has moved into damage control mode for the second LNG project development in Gulf Province. [...]

Arrow Wins Bow Energy After Boosting Offer to A$535 Million

By James Paton Sept. 26 (Bloomberg) — Arrow Energy Ltd., owned by Royal Dutch Shell Plc and PetroChina Co., agreed to buy Bow Energy Ltd. after sweetening its offer to A$535 million ($516 million), gaining resources for a natural gas project in Australia. The coal-seam gas explorer and producer in Queensland state increased its cash [...]

Shell, PetroChina Unit Arrow Bids $540 Million for Australia’s Bow Energy

By James Paton – Aug 22, 2011 8:09 AM GMT+0100 Arrow Energy Ltd., owned by Royal Dutch Shell Plc (RDSA) and PetroChina Co., offered about A$520 million ($540 million) for Bow Energy Ltd. (BOW), seeking more resources to underpin a proposed liquefied natural gas project in Australia. Arrow, a coal-seam gas explorer and producer in [...]

Shell Reports Higher Earnings on Oil Prices

Jason Alden/Bloomberg: A Shell station in London, U.K. Shell posted adjusted earnings of $6.6 billion, matching the mean estimate of nine analysts surveyed by Bloomberg. By Eduard Gismatullin – Jul 28, 2011 8:47 AM GMT+0100 Royal Dutch Shell Plc (RDSA), Europe’s biggest oil company, said second-quarter earnings almost doubled on higher oil prices and project [...]

Royal Dutch Shell Profit Nearly Doubles

By JULIA WERDIGIER: July 28, 2011 LONDON — Royal Dutch Shell, the biggest oil company in Europe, said on Thursday that its profit almost doubled in the second quarter on higher oil prices and as new oil and gas projects came on stream. Profit rose to $8.7 billion in the April-through June period, from $4.4 [...]