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Posts under ‘Business Week’

Shale Spurs U.S. States to Vie for Chemical Projects, WSJ Says

By Joe Carroll Dec. 27 (Bloomberg) — A surge in U.S. natural-gas production from shale rock is spurring states to compete for companies to produce chemicals from the fuel, the Wall Street Journal reported. Pennsylvania, Ohio and West Virginia are vying to attract a plant that will turn gas into ethylene proposed by Royal Dutch [...]

Chevron, Transocean Face Brazil Indictment Over Oil Leak

December 22, 2011, 11:33 AM EST By Joe Carroll and Juan Pablo Spinetto Dec. 22 (Bloomberg) — Chevron Corp., the operator of the Brazilian offshore well that triggered oil leaks, and rig owner Transocean Ltd. will defend executives threatened with criminal indictments in the South American nation. Chevron learned that Brazil’s federal police intend to [...]

Shell Shuts Nigeria’s Bonga Field After Leak During Loading

December 21, 2011, 5:39 AM EST By Eduard Gismatullin Dec. 21 (Bloomberg) — Royal Dutch Shell Plc, Europe’s largest oil company, shut its 200,000 barrel-a-day Bonga field off Nigeria after oil leaked during a tanker loading. An export line from the field’s floating production, storage and offloading vessel was the likely cause of the leak, [...]

Shell Wins Conditional U.S. Backing for Chukchi Sea Oil Plan

December 16, 2011, 5:06 PM EST By Jim Snyder Dec. 16 (Bloomberg) — Royal Dutch Shell Plc won conditional U.S. approval for a plan to drill as many as six exploration wells in Alaska’s Chukchi Sea next year, the Bureau of Ocean Energy Management said. Final approval requires Shell to meet safety and environmental-protection measures, [...]

Gulf Gasoline Rises Amid Problems at Shell, Delek Refineries

December 16, 2011, 3:11 PM EST By Paul Burkhardt Dec. 16 (Bloomberg) — Gulf Coast gasoline rose for a fifth straight session as Royal Dutch Shell Plc and Delek US Holdings Inc. reported refinery problems in Texas and Louisiana. Shell reported an “operations upset” at the Norco, Louisiana, refinery when furnaces were swapped yesterday, according [...]

Shell Plans to Seek Commitments on Westward Ho Pipeline Project

By Paul Burkhardt Dec. 16, 2011 (Bloomberg) — Royal Dutch Shell Plc plans to seek binding commitments to transport oil on its proposed Westward Ho pipeline after receiving enough interest from shippers, the company said in a statement. Shell plans to conduct an open season for commitments in early 2012 to ship on the 30-inch [...]

Senator seeks DOI oversight for Arctic OCS air

The Associated Press December 15, 2011, 5:46PM ET By DAN JOLING ANCHORAGE, Alaska Pollution emitted from drilling ships and support vessels in Arctic waters would be regulated by the Interior Department instead of the Environmental Protection Agency under language inserted into a spending bill by U.S. Sen. Lisa Murkowski. The Alaska Republican announced the move [...]

Shell’s Arrow Energy Cleared by Australia, China to Purchase Bow

December 16, 2011, 2:21 AM EST By James Paton Dec. 16 (Bloomberg) — Arrow Energy Ltd., the natural gas producer owned by Royal Dutch Shell Plc and PetroChina Co., won approval from Australia’s Foreign Investment Review Board to buy Bow Energy Ltd. for A$535 million ($534 million). The transaction was also cleared by Chinese authorities, [...]

CNPC Relies on Shell, Exxon Mobil to Develop Chinese Shale Gas

December 08, 2011, 10:58 AM EST By Wael Mahdi Dec. 8 (Bloomberg) — China National Petroleum Corp. will rely on help from Royal Dutch Shell Plc and Exxon Mobil Corp. amongst others to develop its shale gas resources. CNPC is working with Shell on a project in central China to develop shale gas, its president [...]

BP, Shell Plan to Resume Exploration, Boost Production in Libya

December 07, 2011, 8:58 AM EST By Robert Tuttle and Anthony DiPaola Dec. 7 (Bloomberg) — BP Plc and Royal Dutch Shell Plc, Europe’s biggest oil companies, aim to resume exploration in Libya, whose new government seeks to stabilize relations with foreign companies following the ouster of Muammar Qaddafi. Both companies are evaluating whether to [...]

Shell Is ‘Welcome Barbarian’ in China’s Shale Gas

The big question is: Can Shell keep riding this tiger? What prevents PetroChina’s parent, CNPC, from exploiting the Western producer for what it wants and then tossing it aside or perhaps even taking it over?

Public comment opened for Shell Chukchi drilling

The Associated Press November 17, 2011, 11:59AM ET ANCHORAGE, Alaska The federal Bureau of Ocean Energy Management has opened public comment periods for Shell Oil’s drilling exploration plan in the Chukchi Sea off Alaska’s northwest coast. BOEM announced Wednesday that the plan by Shell Gulf of Mexico, Inc. and its supporting documentation were sufficient for [...]

Turkey, Shell Exploration Deal Not ‘Political Move’, Yildiz Says

November 18, 2011, 6:28 AM EST By Aydan Eksin Nov. 18 (Bloomberg) — An oil and gas exploration agreement Turkey will sign with Royal Dutch Shell Plc next week is not “a political move”, Turkey’s Energy Minister Taner Yildiz said. The accord for exploration on land and in sea, including the Mediterranean, is planned to [...]

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 [...]

Peter Voser warns of slower economy or even ‘slight’ recession

European CEOs Prepare for Recession Risk Amid Greek Flipflopping November 04, 2011, 4:53 AM EDT By Tara Patel and Matthew Campbell Nov. 4 (Bloomberg) — The squabbling over Greece’s future in the euro zone may push Europe’s economy into recession and reduce companies’ ability to compete internationally, according to executives of some of the region’s [...]