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Posts under ‘The Wall Street Journal’

Shell Will Take Cue From Nigeria On UN Report

LONDON (Dow Jones)–Royal Dutch Shell PLC (RDSB.LN) “hopes to hear soon” from Nigerian President Goodluck Jonathan on how recommendations from a United Nations report into long-standing pollution in the Niger Delta should be implemented, Chief Executive Peter Voser told shareholders Tuesday. The 2011 report, which was funded by Shell, documented fifty years of oil contamination [...]

Shell Shunned as Cove Prefers PTT

May 23, 2012 By ALEXIS FLYNN And ORANAN PAWEEWUN LONDON—The race to secure access to East Africa’s natural-gas fields took a twist Wednesday after Thai state firm PTT Exploration & Production PCL PTTEP.TH -6.19% trumped Royal Dutch Shell RDSA -0.11% PLC’s offer for Mozambique-focused explorer Cove Energy COV.LN +11.24% PLC with a late $1.9 billion bid. And in [...]

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 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 [...]

Asian Nations Join Shell on Canada LNG Project

May 16, 2012 By MARI IWATA TOKYO—Energy companies from China, South Korea and Japan have put aside political and commercial rivalries to ship billions of dollars worth of Canadian liquefied natural gas to Asian markets, but they will face stiff competition for supplies and customers from a raft of competing projects. In a landmark agreement, [...]

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 [...]

BP and Royal Dutch Shell now $100 billion apart

BP Struggles to Plug Valuation Gap May 1, 2012 By ANDREW PEAPLE BP BP -0.88% and Royal Dutch Shell RDSA.LN +1.14% had similar market values just over two years ago: Now they are $100 billion apart. That difference first opened up thanks to uncertainty over BP’s final legal cost from the Gulf of Mexico oil spill in [...]

How Shell Made It Big on Facebook: a gushing farce

By John Donovan The Wall Street Journal has today published an article by Ben Rooney under the headline: How Shell Made It Big on Facebook It can fairly be described as a gushing piece with Mr Rooney expressing his admiration for Shell’s “impressive achievement” in managing to “clock up just shy of one million Facebook [...]

Shell Takes Aim at Biggest Prize in Energy

April 26, 2012, 1:15 PM GM By James Herron Shell is moving ahead with plans to build plants in the U.S. that could convert dirt cheap natural gas into high-valued diesel fuel, hoping to profit from an almost tenfold mark-up in prices that many analysts say is the biggest prize in the world of energy [...]

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 [...]

A Tale of Two Oil Slicks

April 13, 2012 By Alexis Flynn On Thursday, Royal Dutch Shell announced it was investigating a potential leak in the Gulf of Mexico. On the same day, it reported a more than sevenfold increase in the amount of crude spilled over the last year in Nigeria, one of its major host countries. But only one [...]

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

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.

Royal Dutch Shell in Deal for China Shale Gas

March 21, 2012 By WAYNE MA BEIJING—Royal Dutch Shell RDSB -1.33% PLC has signed the first-ever production-sharing contract to explore, develop and produce shale gas in China, a move that fits in with China’s overall strategy to bring technical and operational know-how to the development of its untapped reserves of the unconventional fuel. Although Shell didn’t [...]