Posts under ‘Reuters’

  Published: Friday, 17 May 2013 | 3:54 AM ET European anti-trust investigators searched the offices of price agency Platts and at least one major oil company for a third day on Thursday, hunting for evidence of possible price manipulation on oil markets, witnesses said. Authorities raided the London bureau of Platts in Canary Wharf [...]

May 8 (Reuters) – Royal Dutch Shell Plc said on Wednesday it plans to go forward with the Stones ultra-deepwater oil and natural gas project in the Gulf of Mexico. Production during the first phase of the project is expected to have an annual peak of 50,000 barrels of oil equivalent per day, the oil [...]

RIO DE JANEIRO | Fri Apr 19, 2013 1:36am BST (Reuters) – Royal Dutch Shell Plc (RDSa.L) is interested in acquiring new assets in the Gulf of Mexico, including those of Brazil‘s state-controlled oil company Petrobras, Shell’s Chief Executive Peter Voser said on Thursday. No decision has been made on whether to purchase the oil [...]

By Reuters | 18 Apr, 2013, 08.41PM IST Noble Corp, owner of the world’s third-largest offshore drilling fleet, said on Thursday Royal Dutch Shell Plc was in talks to extend its contract to use the Noble Discoverer beyond February 2014, underlining its long-term plans for the offshore Arctic. The Discoverer is undergoing repairs in South [...]

Thu Apr 11, 2013 5:42pm EDT CALGARY, Alberta (Reuters) – Canada’s Supreme Court on Thursday declined to hear an Alberta aboriginal group’s application to block an upcoming regulatory decision for a Royal Dutch Shell oil sands development. The aboriginal group sought the block because it was not adequately consulted. The country’s top court did not [...]

By Alexei Anishchuk MOSCOW, April 4 | Thu Apr 4, 2013 11:16am EDT (Reuters) – Gazprom Neft and Royal Dutch Shell will agree to drill for shale oil in Western Siberia and explore Russia’s Arctic shelf when President Vladimir Putin visits the Netherlands next week, the Kremlin said. The deals underscore the Kremlin’s drive to [...]

ABUJA, March 27 | Wed Mar 27, 2013 4:14pm EDT (Reuters) – Two Nigerian government agencies told a parliamentary hearing on Thursday that Royal Dutch Shell should pay a total of $11.5 billion in compensation for damage caused by an oil spill at its offshore Bonga field in December 2011. Shell has said that there [...]

Arif Mohammed, Reuters: Saturday, 16 March 2013 Royal Dutch Shell will spend more than $1 billion this year developing one of Iraq major oilfields, where it will resume operations on May 1, officials said on Saturday. “The figure for the budget will exceed one billion dollars,” said Mehdi Badi, the head of the joint management [...]

Shell has been getting a bit of a kicking the last couple of days… Fri Mar 15, 2013 8:14am EDT * FTSE 100 falls 0.5 percent * Britain’s biggest company hit by analyst downgrade * Index remains set for weekly gain * IAG tops FTSE risers, up nearly 10 percent on the week By Alistair [...]

“We’re not going to bring up a 30-year-old piece of equipment,” said Mike Faust, ConocoPhillips’ Chukchi program manager, during the meeting in Anchorage. By gCaptain Staff On March 8, 2013 ConocoPhillips on Thursday revealed that it is moving ahead with plans to drill up to two exploratory wells in Alaska’s arctic waters in 2014 where [...]

Thu Mar 7, 2013 4:40am EST * High costs, low returns of Empty Quarter gas search * Development terms the problem-sources * Shell says talks with Saudi government continue By Reem Shamseddine and Amena Bakr KHOBAR/DUBAI, March 7 (Reuters) – Royal Dutch Shell is set to pull out soon from a joint venture that has [...]

(Reuters) – Royal Dutch Shell said it would build two small-scale gas liquefaction units in Louisiana and Ontario as part of an investment plan to unlock value in the use of liquefied natural gas as a transport fuel.”These two units will form the basis of two new LNG transport corridors in the Great Lakes and [...]

Failings identified on a Shell ship drilling in the Arctic have raised questions about the energy giant’s plans to extract oil in the region. The findings emerged after Shell’s other Arctic barge, the Kulluk, broke away from a tug and crashed into the uninhabited Sitkalidak Island on New Year’s Eve. Photo: Reuters THE SUNDAY TELEGRAPH 24 [...]

PERTH | Wed Feb 20, 2013 5:01am EST Feb 20 (Reuters) – There is no need to rush the expansion of the $52-billion Gorgon liquefied natural gas (LNG) complex, the chairman of Shell Australia said on Wednesday, adding that the company wanted to avoid distraction while it kept the project on track. Shell holds a [...]

By Andrew Callus: LONDON | Fri Feb 15, 2013 3:18pm GMT (Reuters) – Oil company Royal Dutch/Shell has asked the British government to raise the subject of a tax dispute with India during Prime Minister David Cameron’s visit there next week, according to a source familiar with the request. The dispute blew up earlier this [...]