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Posts Tagged ‘Australia’

Woodside Petroleum: To Shell or Not to Shell?

NOVEMBER 8, 2011 By Gillian Tan It’s been a year to the day since Royal Dutch Shell blindsided Australia’s largest oil and gas company Woodside Petroleum by selling down a 10% stake for A$3.3 billion (US$3.4 billion). Appeasing Woodside, Shell promised to hold onto its remaining 24.27% interest for a year unless a takeover offer [...]

Australia Delays Ruling on Shell-PetroChina Bid

NOVEMBER 2, 2011, 4:52 A.M. ET By DAVID WINNING And DAVID FICKLING SYDNEY—Australia’s foreign-investment watchdog has pushed back by up to 90 days a decision on the takeover of coal-seam-gas developer Bow Energy Ltd. by a joint venture of Royal Dutch Shell PLC and PetroChina Co. In a government notice to parliament, the Foreign Investment [...]

Asia will drive growth for Shell, says CEO

Devjyot Ghoshal Energy-hungry Asia will remain the major growth driver for Shell, though the region’s appetite may diminish slightly next year owing to global uncertainties, the Dutch oil and gas major’s chief executive officer, Peter Voser, said on Monday. “I think Asia-Pacific for us is the key growth region. We see a lot of growth, [...]

Shell looks to North Sea as European investment cut

MARK WILLIAMSON 28 Oct 2011 ROYAL Dutch Shell said it would curb investment in Europe where it expects the economy to stagnate, but made clear it would still spend in the North Sea. Announcing bumper profits driven by high oil prices, the oil and gas giant said it will shift a growing share of its [...]

OIL GIANT ROYAL DUTCH SHELL PROFITS BONANZA

By David Cralk: Friday October 28,2011 OIL giant Royal Dutch Shell unveiled a doubling in profits ­yesterday thanks to higher prices as it vowed to slash European investment because of economic fears. Chief executive Peter Voser said the group was making good progress as it reported third-quarter profits of $7.2billion (£4.5billion) for the period to [...]

Is Royal Dutch Shell Trying To Muscle Into InterOil’s LNG Project?

EXTRACT FROM RELATED ARTICLE: Now that it is out in the open, the story in The Sunday Chronicle is actually very damaging for Shell… (Is Shell Trying To Muscle Into InterOil’s LNG Project?) Sunday September 25, 2011 THE O’Neill-Namah government has moved into damage control mode for the second LNG project development in Gulf Province. [...]

Arrow Wins Bow Energy After Boosting Offer to A$535 Million

By James Paton Sept. 26 (Bloomberg) — Arrow Energy Ltd., owned by Royal Dutch Shell Plc and PetroChina Co., agreed to buy Bow Energy Ltd. after sweetening its offer to A$535 million ($516 million), gaining resources for a natural gas project in Australia. The coal-seam gas explorer and producer in Queensland state increased its cash [...]

Shell, PetroChina Unit Arrow Bids $540 Million for Australia’s Bow Energy

By James Paton – Aug 22, 2011 8:09 AM GMT+0100 Arrow Energy Ltd., owned by Royal Dutch Shell Plc (RDSA) and PetroChina Co., offered about A$520 million ($540 million) for Bow Energy Ltd. (BOW), seeking more resources to underpin a proposed liquefied natural gas project in Australia. Arrow, a coal-seam gas explorer and producer in [...]

Shell Reports Higher Earnings on Oil Prices

Jason Alden/Bloomberg: A Shell station in London, U.K. Shell posted adjusted earnings of $6.6 billion, matching the mean estimate of nine analysts surveyed by Bloomberg. By Eduard Gismatullin – Jul 28, 2011 8:47 AM GMT+0100 Royal Dutch Shell Plc (RDSA), Europe’s biggest oil company, said second-quarter earnings almost doubled on higher oil prices and project [...]

Royal Dutch Shell Profit Nearly Doubles

By JULIA WERDIGIER: July 28, 2011 LONDON — Royal Dutch Shell, the biggest oil company in Europe, said on Thursday that its profit almost doubled in the second quarter on higher oil prices and as new oil and gas projects came on stream. Profit rose to $8.7 billion in the April-through June period, from $4.4 [...]

Shell to Stop Processing at Australian Refinery by Mid-2013

By Ben Sharples and James Paton – Jul 27, 2011 7:19 AM GMT+0100 Royal Dutch Shell Plc (RDSA), Europe’s largest oil company, will halt refining operations at its Clyde plant in Sydney before mid-2013 and convert the facility into a fuel-import terminal. The plant, which processes about 79,000 barrels a day of crude oil and [...]

Shell rapidly expanding its positions in unconventional gas (tight gas, shale gas and coal-bed methane)

From pages 31 & 32 of “Royal Dutch Shell and its sustainability troubles” – Background report to the Erratum of Shell’s Annual Report 2010 The report is made on behalf of Milieudefensie (Friends of the Earth Netherlands) Author: Albert ten Kate: May 2011. Unconventional gas and high-volume fracking Not only for oil, but also for [...]

Workers exposed to potentially lethal Shell gas leak

Victoria MacDonald   |  July 22nd, 2011 WORKSAFE Victoria will visit Shell on Monday to probe how two contractors were exposed to potentially lethal gas in a leak at the Corio oil refinery yesterday. Eight CFA crews from across Geelong were called to the Shell plant after the company sounded a major alert about 8.35am after hydrogen [...]

Shell’s drilling off Australia could ‘devastate’ endangered marine life

WWF demands full environmental impact assessment before Shell starts work near the Ningaloo marine park, north of Perth Alison Rourke: Friday 8 July 2011 17.49 BST Whale sharks, the world’s biggest species of fish, could be put at risk by oil drilling near Ningaloo marine park, western Australia. Photograph: Henry Walcott/AP Conservation groups in Australia [...]

Shell plans $30 bln, 5 year Australia investment

July 8, 2011, 2:45 p.m. EDT By London Bureau LONDON (MarketWatch) — Anglo-Dutch oil giant Royal Dutch Shell PLC (RDSA.LN, RDSB.LN, RDSA, RDSB) plans to invest $30 billion in Australia over the next five years, Chief Executive Peter Voser said in an interview with Swiss newspaper Finanz und Wirtschaft to be published Saturday. The country [...]