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Shell set for wait to secure $2 bln Cove bid

Tue May 22, 2012 11:53am EDT * Some investors see Shell extending period for offer * Shares currently trading above 220 pence offer price * Risk arbitrage hedge funds own 70 pct of Cove shares By Tom Bergin LONDON, May 22 (Reuters) – Royal Dutch Shell is likely to have to wait to secure its [...]

Shell reports release from sulfur unit at Deer Park refinery

Fri May 18, 2012 6:35am EDT May 18 (Reuters) – Shell Oil Co said emergency personnel responded to a release at a sulfur unit at its 327,000 barrel-per-day (bpd) joint-venture Deer Park, Texas, refinery, according to a message posted in a community information line. Earlier, Shell reported shutdown of an unspecified unit at the refinery [...]

Ukraine sees 2017 for commercial shale gas output

KIEV | Wed May 16, 2012 8:40am EDT May 16 (Reuters) – Royal Dutch Shell and Chevron Corp, Ukraine’s partners for exploring and developing shale gas, will start commercial gas production in 2017, a government minister said on Wednesday. “Drilling is likely to start next year,” Environment and Natural Resources Minister Eduard Stavitsky told a [...]

PROFESSORS LETTER TO SHELL CEO PETER VOSER & SHELL ALASKA VP PETER SLAIBY

HI John and Alfred — First of all, your website is wonderful! And FYI, you may be interested in the attached letter, which I sent to Shell at the Hague and here in Anchorage tonight.  I am trying to pin them down on some commitments prior to their Arctic offshore drilling commences this summer here [...]

Motiva Port Arthur HCU shut by fire

Motiva Port Arthur HCU shut by fire -filing, company HOUSTON May 13 (Reuters) – A lube oil hydrocracking unit was shut on Saturday at Motiva Enterprises’ 600,000 barrel per day (bpd) Port Arthur, Texas, after a fire, according to a notice filed with Texas pollution regulators. No injuries were reported due to the fire, a [...]

Shell welcomes Qatar as a ‘major’ investor

LONDON | Fri May 11, 2012 5:11am EDT (Reuters) – Royal Dutch Shell (RDSa.L) said it welcomed Qatar as a “major” investor following a report saying that the Gulf state’s sovereign wealth fund was planning to buy a 3-5 percent stake. “We are delighted to welcome the Qatar Investment Authority as a long term and [...]

Shell, PetroChina JV Australia LNG faces big cost overrun – source

By Charlie Zhu and Rebekah Kebede HONG KONG/PERTH | Fri May 4, 2012 7:57am BST (Reuters) – The cost of Royal Dutch Shell (RDSa.L) and PetroChina‘s 0857.K Australian joint venture LNG may rise as much as 50 percent from initial estimates, which could force the companies to delay development, a source close to the project [...]

Motiva Port Arthur refinery becomes U.S. largest -Shell

Thu Apr 26, 2012 12:27pm EDT By Jeffrey Kerr (Reuters) – Royal Dutch Shell Plc and Saudi Aramco became co-owners of the largest U.S. refinery on Thursday when a new crude distillation unit at their joint-venture Motiva Enterprises Port Arthur, Texas, plant received oil for the first time, said Shell’s Chief Financial Officer. The 325,000 [...]

Shell looks at Gulf states gas-to-liquids sites

NEW YORK, April 26 | Thu Apr 26, 2012 9:42am EDT Reuters) – Royal Dutch Shell CFO Simon Henry said on Thursday that Shell was looking at brownfield sites in Louisiana and Texas for the construction of a possible gas-to-liquids plant. Henry said an investment decision was a long way off and would likely not [...]

Shell bullish on China shale gas

Thu Apr 26, 2012 7:40am EDT * Shale gas seen economic in China * Govt policy, not geology more likely to determine pace By Tom Bergin LONDON, April 26 (Reuters) – Royal Dutch Shell gave a bullish outlook for the development of shale gas in China on Thursday, saying the Anglo-Dutch oil major’s drilling there [...]

Shell to buy Cove Energy for $1.8 billion

A Shell logo is seen at a petrol station in London April 28, 2010. Credit: Reuters/Toby Melville LONDON | Tue Apr 24, 2012 2:45am EDT (Reuters) – Royal Dutch Shell Plc (RDSa.L) said it agreed to buy Mozambique-focused explorer Cove Energy (COVE.L) in a 1.12 billion pound ($1.8 billion) recommended cash deal, after the major [...]

Shell card case prompts judge to ask: Who cares?

  By Jonathan Stempel Wed Apr 18, 2012 6:17pm EDT (Reuters) – Royal Dutch Shell Plc has won a U.S. appeals court’s dismissal of a $1 billion lawsuit over the contents of its credit card receipts, in a decision questioning why anyone should care how the oil company acted. The 7th U.S. Circuit Court of [...]

Showa Shell renews oil deal with Iran

Japan’s Showa Shell cuts Iran oil imports, renews deal-sources By Osamu Tsukimori TOKYO, April 18 (Reuters) – Japan’s top buyer of Iranian crude Showa Shell Sekiyu KK has renewed its annual oil purchase deal with Iran but cut the volume in line with other Japanese refiners to comply with U.S. sanctions, trade sources said on [...]

Skirting sanctions on Iranian crude

By John Donovan Reuters and PennEnergy have reported on the current skullduggery by Iran, which is desperately trying to skirt sanctions by turning off normal electronic tracking and identification devices on Iranian oil tankers. Some of the oil being shipped is no doubt destined for Shell. Trying to avoid the odium of its association with [...]

Iran ships ‘off radar’ as Tehran conceals oil sales

(Reuters) – Iran is concealing the destination of its oil sales by disabling tracking systems aboard its tanker fleet, making it difficult to assess how much crude Tehran is exporting as it seeks to counter Western sanctions aimed at cutting its oil revenues.