Posts under ‘Business Week’

By Maher Chmaytelli and Nayla Razzouk: May 16, 2013 Royal Dutch Shell Plc (RDSA) will start producing crude at Iraq’s Majnoon oil field as early as next month and plans to increase energy investments in Saudi Arabia, its regional vice president said. Output from Majnoon, one of Iraq’s largest oil fields, will start “around mid-year” [...]

By Patrick Gower: May 13, 2013 Canary Wharf Group Plc and Qatar’s sovereign-wealth fund won planners’ support to build 877 homes and about 76,000 square meters (820,000 square feet) of offices at the site of Royal Dutch Shell Plc’s London headquarters on the banks of the River Thames. Planning officials recommended that Lambeth Borough Council [...]

By Kadhim Ajrash & Nayla Razzouk – May 1, 2013 1:32 PM GMT+0100 Royal Dutch Shell Plc. (RDSA) and Mitsubishi Corp. (8058) started operations at a $17-billion joint venture to capture gas from some of Iraq’s largest oil fields. The Basrah Gas Co. project, the biggest of its kind, captures so-called associated gas flared from [...]

By James Paton:April 29, 2013 Royal Dutch Shell Plc (RDSA), Europe’s largest oil company, plans to name Ann Pickard as head of its Arctic operations, moving her from the helm of the Australian business, a person with knowledge of the matter said. Pickard, a former Shell executive in Nigeria who became chairwoman of Shell’s Australian [...]

Royal Dutch Shell Plc’s Prelude vessel, seen here in an image illustration, vying to be the first floating LNG facility in the world, will be as long as the Empire State Building and six times the weight of the largest aircraft carrier. Source: Rex Features via AP Images April 26, 2013 Escalating costs to build [...]

By Greg Stohr on April 17, 2013 The U.S. Supreme Court insulated multinational corporations from at least some lawsuits over atrocities abroad, scaling back a favorite legal tool of human rights activists. The justices threw out a suit accusing two foreign-based units of Royal Dutch Shell Plc (RDSA) of facilitating torture and execution in Nigeria. [...]

By Khalid Al-Ansary and Nayla Razzouk on April 11, 2013 Royal Dutch Shell Plc (RDSA) and Mitsubishi Corp. (8058) will start capturing gas from Iraq’s oil fields next week in a $17 billion project known as Basra Gas Co. “Basra Gas Co. will start operations officially on April 15,” said Ali Hussain Khudayir, director general [...]

By Elisha Bala-Gbogbo on March 05, 2013 Nigeria’s oil thieves are back in action, sabotaging pipelines to rob Africa’s biggest crude producer of more than a 10th of its daily production. In the first two months of this year alone, Royal Dutch Shell Plc (RDSA) and other oil companies have declared three force majeures, a [...]

Shell internal email correspondence irrefutably proves that Simon Henry was aware in March 2002 that “reserves bookings were made that should not have been made”. Walter van de Vijver, the “sick and tired” Chief Executive of Shell EP, gave the information directly to him. As can be seen in the email, Walter van de Vijver aggressively [...]

By Jim Efstathiou Jr. – Jan 3, 2013 6:01 PM GMT This week’s grounding of a rig off the coast of Alaska adds to a series of mishaps in Royal Dutch Shell Plc (RDSA)’s seven-year quest to tap the vast oil reserves of the Arctic and emboldened critics who say it can’t be done safely. [...]

By Jim Polson – Dec 30, 2012 7:05 PM GMT Royal Dutch Shell Plc (RDSA) said an Arctic drilling barge, headed to Seattle for maintenance, was safely recovered yesterday after being set adrift during a storm in the Gulf of Alaska. Crew of the Shell-owned barge, Kulluk, were evacuated last night as a precaution after [...]

By Wael Mahdi – Dec 11, 2012 8:00 AM GMT Royal Dutch Shell Plc (RDSA) invested $26 million in GlassPoint Solar Inc. to help it secure contracts in Kuwait, Bahrain, and Oman to extract dense crude using steam produced from a solar plant, the California-based company said in a statement. GlassPoint runs a 7-megawatt, four-acre [...]

By Christian Schmollinger on December 06, 2012 Royal Dutch Shell Plc (RDSA) spilled an unknown amount of ethylene from a 12-inch pipeline in Iowa, Louisiana, after a gasket failure, according to a filing with the U.S. National Response Center. The release at 5 p.m. local time yesterday wasn’t secured and a fire crew was en [...]

By Eduard Gismatullin and Winnie Zhu on December 05, 2012 Royal Dutch Shell Plc (RDSA), Europe’s biggest oil producer, plans to move its natural-gas business to Singapore from The Hague in response to growing demand for liquefied natural gas in Asia. “We see the major gas trading, the growth of the gas market, the growth [...]

By Elisha Bala-Gbogbo on December 04, 2012 Nigeria, Africa’s top oil producer, said it’s in talks with Royal Dutch Shell Plc (RDSA), Exxon Mobil Corp. (XOM) and other energy companies to reach an agreement on tax demands proposed in draft legislation. “There’s always the intent to try and strike a balance, particularly from the side [...]