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Shell’s E&P Director Brinded Steps Down to Be Replaced by Brown

By Eduard Gismatullin – Feb 22, 2012 9:31 AM GMT Royal Dutch Shell Plc (RDSA) said Malcolm Brinded, a 37-year veteran at the company, will step down as exploration and production director and be replaced by Andrew Brown, currently Shell’s Qatar chairman. Brinded, who worked as an executive director for almost 10 years, will leave [...]

Shell EPA Permits for Alaska Drilling Challenged in Court

By Edvard Pettersson – Feb 21, 2012 8:34 PM GMT Royal Dutch Shell Plc (RDSA)’s air pollution permits for offshore oil drilling in Alaska were challenged by environmental groups who said the permits violate the U.S. Clean Air Act. The Alaska Wilderness League and eight other organizations filed a petition with the U.S. Court of [...]

Shell Wins Approval for Oil-Spill Response Plan in Arctic

By Katarzyna Klimasinska – Feb 17, 2012 5:29 PM GMT Royal Dutch Shell Plc (RDSA) won U.S. approval for its oil-spill response plan in the Chukchi Sea, bringing the company closer to winding up a five-year quest to drill off the north coast of Alaska. Shell must obtain drilling permits from the Interior Department’s Bureau [...]

Sakhalin Energy’s 2011 Sales Rose by $1 Billion, Vedomosti Says

By Yuliya Fedorinova – Feb 8, 2012 4:53 AM GMT Sakhalin Energy, Russia’s liquefied natural-gas producer, increased its revenue by $1 billion last year after raising prices, Vedomosti reported today, citing Chief Executive Officer Andrey Galayev. The project may break even as soon as this spring rather than in 2013 or 2014, as initially planned, [...]

Shell, UOP Among Companies Put on Blacklist by Iran, Mehr Says

By Ladane Nasseri – Feb 6, 2012 4:10 PM GMT Iranian Oil Minister Rostam Qasemi has ordered five European companies, including Royal Dutch Shell Plc, to be put on a blacklist for failing to meet their commitments in the nation’s refinery projects, Mehr reported. Shell and UOP LLC, a unit of U.S.-based Honeywell International Inc., [...]

Shell, Cosan’s Sugar Venture Will Expand Output 9% in New Season

FEBRUARY 06, 2012 By Isis Almeida Feb. 6 (Bloomberg) — Raizen, a joint venture of Royal Dutch Shell Plc and Cosan Industria & Comercio SA in Brazil, will process 9 percent more sugar cane in the season starting in April than a year earlier, commercial director Ivan Melo said. Raizen’s cane processing in the 2012-13 [...]

PetroChina Boosts Shell Ties With 20% Stake in Shale Project

February 02, 2012, 11:40 AM EST By Bloomberg News Feb. 3 (Bloomberg) — PetroChina Co., the country’s biggest energy producer, boosted ties with Royal Dutch Shell Plc after agreeing to buy a 20 percent stake in its Groundbirch shale-gas project in Canada. Shell will remain the operator of the project, Mao Zefeng, the Beijing-based senior [...]

Shell Earnings Decline on Lower Gas Prices

By Eduard Gismatullin – Feb 2, 2012 8:02 AM GMT Royal Dutch Shell Plc (RDSA), Europe’s biggest oil company, expects to raise its dividend this year for the first time since 2009 as new projects generate more cash. Shell plans net capital investment of $30 billion, with cashflow from operations in 2012-2015 expected to be [...]

Shell Seen Raising Dividend for First Time Since 2009: Energy

Shell may even go as far as paying a special dividend or buying back shares to maximize shareholder value, according to analysts at Citigroup Inc.

Sakhalin-2 News

Gazprom Expansion of Sakhalin-2 LNG Plant May Cost $7 Billion January 30, 2012, 5:20 AM EST By Jake Rudnitsky Jan. 30 (Bloomberg) — OAO Gazprom and its partners in the Sakhalin-2 project may decide on expanding their liquefied natural gas plant this year, to add supplies by 2018, said Andrey Galaev, the venture’s chief executive [...]

Nigeria to Ask for Compensation From Shell on Bonga Spill

By Vincent Nwanma – Jan 29, 2012 10:36 PM GMT Jan. 29 (Bloomberg)– Nigeria will “soon” ask for compensation for an oil spill from Royal Dutch Shell Plc (RDSA), Europe’s largest oil company, President Goodluck Jonathan said. A spill last month from the 200,000 barrel-a-day Bonga field off Nigeria, which produces nearly 10 percent of [...]

Royal Dutch Shell Another Enron?

Shell is very different from Enron. We were criticized for that some time ago and I’m glad we have a absolutely rock-solid way we do business. And, if you read our annual report, you read our footnotes and all the details, everything is in there. It’s all completely transparent, as far as Shell is concerned. [...]

Oil Grab in Falkland Islands Seen Tripling U.K. Reserves: Energy

The world’s largest oil companies like Exxon Mobil Corp. and Royal Dutch Shell Plc face a dilemma: whether the potential of a virgin basin outweighs the risk of a worsening international dispute. January 25, 2012, 7:20 AM EST By Brian Swint Jan. 19 (Bloomberg) — Thirty years after Margaret Thatcher fought a 74-day war with [...]

Davos Delegates Say EU Needs to Show Resolve as Split Over Greece Persists

“We can’t wait too long,” said Peter Voser, chief executive officer of Royal Dutch/Shell Plc. “It’s two minutes before midnight.” By Simon Kennedy and Simone Meier – Jan 25, 2012 12:52 PM GMT Europe must show more resolve to fix the debt crisis as officials race to draft rules governing the euro and bridge widening [...]

Refiners, Union Leaders to Begin Contract Negotiations Next Week

By Barbara Powell – Jan 13, 2012 1:22 PM GMT Royal Dutch Shell Plc (RDSA) and leaders of the union representing workers at 69 U.S. oil refineries will begin negotiating a new three-year labor contract Jan. 17 to avoid a work stoppage that could disrupt plant operations. The current contract between oil refiners and 30,000 [...]