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Posts under ‘Dow Jones Newswires’

Shell Remains Committed To Natural Gas Strategy – CEO Voser

May 22, 2012 LONDON (Dow Jones)–Royal Dutch Shell PLC (RDSB) believes rising natural gas demand will underpin its future profits, even though oil pricing still accounts for 80% of its margins, its Chief Executive Peter Voser said Tuesday. The oil giant, which expects to produce more natural gas than crude oil for the first time [...]

Shell Executive Pay Rejected By Nearly 10% Of Investors

Published May 22, 2012 Dow Jones Newswires LONDON –  Royal Dutch Shell PLC (RDSB.LN) shareholders showed their ire over high executive pay with nearly 10% of investors rejecting the company’s remuneration report at Shell’s annual general meeting Tuesday. Just over 90% of Shell shareholders approved the company’s pay package following an assembly in which several [...]

Shell Admits It Needs Asia-Pacific Director, More Women Board Members

LONDON (Dow Jones)–Royal Dutch Shell PLC (RDSB.LN) Chairman Jorma Ollila has said it was important for the oil giant to have a company director from the Asia-Pacific region, given the increasing significance of the region to the company’s overall business. Ollila, addressing shareholder at Shell’s annual general meeting, also said the company needs to improve [...]

Shell: Liquid Shales Could Have Big Impact On Energy Mix

May 17,2012 LONDON -(Dow Jones)- Shale rock formations that contain liquid hydrocarbons as well as natural gas could have a ” significant” impact on world energy supplies but it is too early to say for sure, a senior Royal Dutch Shell PLC (RDSB) executive said Thursday. “It is too early to predict the impact if [...]

Mozambique Talks To Shell On Developing LNG

May 9, 2012 – Mozambique working with Shell on plans to develop nation’s gas reserves – Anglo-Dutch giant’s $1.8 billion bid for Cove Energy gets Mozambique approval – President Emilio Guebuza says Mozambique will harness energy and mineral wealth for benefit of all citizens By Alexis Flynn Of DOW JONES NEWSWIRES LONDON (Dow Jones)–Mozambique is [...]

Shell Nigeria Bomu-Bonny Pipeline Leaking – Community

May 7, 2012 LONDON (Dow Jones)–A leak on Royal Dutch Shell PLC’s (RDSB.LN) Bomu-Bonny oil pipeline in Nigeria has been spilling around 150 liters of crude oil a minute since Monday morning, a local community member said. “Another serious oil spill occurred four hours ago on the pipeline, approximately 200 meters south of the Bomu [...]

Shell Secures One Of Last Permits Needed For Arctic Drilling

Shell Secures One Of Last Permits Needed For Arctic Drilling By Tennille Tracy, Of DOW JONES NEWSWIRES WASHINGTON -(Dow Jones)- Royal Dutch Shell (RDSA, RDSB) secured one of the last permits it needs to begin drilling in the Arctic Ocean this summer, after proving to federal regulators that it can operate without harming whales and [...]

Shell Boosts Asset Sales, Posts Consensus-Beating Profit

By Alexis Flynn Of DOW JONES NEWSWIRES LONDON (Dow Jones)–Royal Dutch Shell PLC (RDSB.LN) Thursday raised the amount of asset sales it plans for this year as it posted consensus-beating adjusted profit for the first quarter due to high oil prices and a small increase in its production. The results marked a return to form [...]

Shell’s revised Cove bid wins board approval

April 24, 2012, 10:32 p.m. EDT By Alexis Flynn – Shell’s recommended cash offer values Cove at GBP1.12 billion – Cove is junior partner in a potentially huge natural gas field off Mozambique – Rival bidder, Thailand’s PTT E&P, says it is considering its options LONDON (MarketWatch) — Royal Dutch Shell PLC RDS.A +1.05% said [...]

Shell Shares Fell Nearly 4% On Reports Of US Gulf Sheen

The Wall Street Journal: Shell shares traded down nearly 4% after the company reports a “light sheen” in U.S. Gulf

Royal Dutch Shell Shares Down 2.5% After It Reports US Gulf Sheen

The report comes nearly two years after the Deepwater Horizon drilling rig exploded in the Gulf of Mexico, unleashing the worst oil spill in U.S. history.

Shell Reports ‘Light Sheen’ In Gulf Of Mexico, Dispatches Spill Vessel

THE WALL STREET JOURNAL: Shell says it has dispatched an oil-spill response vessel to the location, between the Mars and Ursa production areas, and has requested flights to monitor the one-by-10-mile sheen with aerial surveillance.

US To Approve Shell’s Alaska Oil Spill Response Plan – Interior Secretary

Published March 28, 2012 Dow Jones Newswires WASHINGTON –  Interior Secretary Ken Salazar said Wednesday the department would approve Royal Dutch Shell’s (RDSA, RDSA.LN) oil-spill response plan for exploratory oil wells in the Beaufort Sea this summer, a move the company called “another major milestone” toward drilling there this summer. Salazar, speaking at a press [...]

Shell’s Labor Costs Rose In 2011 Despite Fewer Workers

Published March 15, 2012: Dow Jones Newswires LONDON –  The cost of Royal Dutch Shell PLC’s global work force rose 2.8% last year, even though the Anglo-Dutch company reduced its overall number of employees by some 7.2% as the company continues to roll out a long-term plan to shrink headcount. In recent years, Shell has [...]

Royal Dutch Shell Remains Confident on Alaska Drilling

March 7, 2012 By Isabel Ordonez HOUSTON — Royal Dutch Shell remains confident it will be able to start exploring for oil in the Arctic Ocean off the coast of Alaska this summer, the company’s Executive Vice President for Exploration David Lawrence said Wednesday. “As long we continue to meet critical milestones we will drill [...]