FROM OUR ARCHIVES… International Herald Tribune: Shell Concealed Extent of Its Problems to Protect Nigeria Partnership. Friday, March 19, 2004 The Royal Dutch/Shell Group has kept secret key details of its sharp reduction of oil and gas reserves for fear of damaging its close ties to Nigeria, whose oil production quota set by OPEC might [...]
Posts under ‘OPEC’
World oil demand to strain supply in 2012-IEA
Wed Jul 13, 2011 1:27pm GMT * IEA sees continued gap between OPEC output and demand for OPEC oil * Maintains that strategic petroleum reserves release is working * No decision yet on further stocks releases By Alex Lawler and Barbara Lewis LONDON, July 13 (Reuters) – World oil demand growth will accelerate next year, [...]
Royal Dutch Shell the world’s largest “speculator”
Shell’s search for profits widens even as the oil price climbs Shell now ‘world’s largest trader’ as well as oil major Plans to explore in Arctic, Iraq, Russia and deep sea Terry Macalister: Thursday 3 February 2011 20.07 GMT Shell earned the majority of its profits in 2010 not from pump sales, but [...]
There Will Be Fuel
NO SHORTAGE A Chesapeake Energy natural gas well near Burlington, Pa. Experts say the nation has gas reserves for 100-plus years. By CLIFFORD KRAUSS A version of this article appeared in print on November 17, 2010, on page F1 of the New York edition. THREE summers ago, the worlds supertankers were racing across the oceans [...]
Shell Nigeria investment on hold pending reform
Thu Jun 17, 2010 7:27am GMT By Nick Tattersall LAGOS (Reuters) – Royal Dutch Shell has some $40 billion worth of potential investment in deepwater oil projects in Nigeria on hold amid uncertainty over planned reforms to the energy sector, a senior executive told Reuters. Mutiu Sunmonu, country chairman for Shell Nigeria, said it was [...]
Royal Dutch Shell expected to report a 70 per cent fall in profits to $2.5 billion
On Thursday, Royal Dutch Shell, BPs Anglo-Dutch rival, is expected to report a 70 per cent fall in profits to $2.5 billion.
BGs huge find propels Brazilian oil to centre stage
A vast new oilfield off the coast of Brazil could contain up to two billion barrels of crude, providing fresh evidence that a spate of discoveries in the region is opening up a new frontier for the global oil industry.
Oil Trades Near $68 as OPEC Meets, U.S. Driving Season Ends
Royal Dutch Shell Plcs Nigerian unit said protesters besieged its Olomoro pumping station in the southern Niger River delta to press demands for a greater share in the regions oil wealth for local communities. Demonstrations that started last week continued yesterday, said Tony Okonedo, a company spokesman. The protests concern issues that are already receiving attention from Shell, he said, adding that were in dialogue with the community. The action hasnt disrupted oil production because the Olomoro station has been shut since June due to the general security situation in the region, Okonedo said.
Shell May Close or Sell Montreal East Oil Refinery
Refiners need to consolidate and close plants to increase profitability, the Organization of Petroleum Exporting Countries said yesterday. The Hague-based Shell put two refineries in northern Germany up for sale earlier this year. Chief Executive Officer Peter Voser has pledged to simplify decision-making and cut costs against a deteriorating economic backdrop.
Reorganization costs Shell Nederland jobs (internal e-mail
Goodbye Shell is completely different to do. Not only without Linda Cook yesterday unexpectedly steps, but with substantially fewer people. How many jobs are lost, Shell would not say, but a spokesman in the United States told AP that the 2000 jobs at headquarters in The Hague under pressure. According to the blog royaldutchshellplc.com are mainly supportive, administrative and IT [...]
Oil Jumps 4.8% to $59.03; OPEC Cuts Unlikely
The army confirmed a pipeline supplying state-owned Nigerian Gas Co. had been blown up but with no impact on supply. Chevron Corp. over the weekend said its operations continued as normal. Royal Dutch Shell PLC reiterated Monday that it is investigating a report that one of its facilities was attacked.
Uncertainty Clouds Outlook for Oil Sector
NEW YORK As its most prosperous decade screeches to a halt, the oil industry is confronting a far tougher and more hazardous future. The huge profits of the past years have mostly vanished, leaving companies to confront a difficult readjustment to a world of lower prices and uncertain demand.
An Oil Giant Shakes Off Its Slumber
Shell’s questionable reputation isn’t entirely undeserved.
BP, Chevron Managers Leave Kuwait as Projects Delayed
Shell has no comment on discussions to develop deep natural gas in Kuwait,Malcolm Brinded, the companys executive director for exploration and production, said in a March 30 interview.
Falling production to inevitably alter tilt Big Oil’s playing field
The Goldman analysts relegated BP, the former British Petroleum, to “sell” territory because of rapidly falling production. Goldman thinks 2009 will be BP’s last year of production growth. Declines of 2 per cent a year after 2010 are likely because it has few new projects in the pipeline and recent startups have short lifespans.


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