POSTING ON SHELL BLOG BY “Outsider” How much did Shell pay Bloomberg to misquote their production forecasts? It is unbelievable that two of Bloombergs journalists have put out a story, reprinted around the world again and again, which is completely false. Shells own forecast in the Deutsche Bank presentation is that they will be producing [...]
Posts Tagged ‘Bloomberg’
Shell Committed to Oil Sands, to Maintain Investments, CEO Says
Jan. 9 (Bloomberg) — Royal Dutch Shell Plc remains committed to investing in Canadian oil sands after putting on hold the expansion of the second phase of the Athabasca project in Alberta, its chief executive officer said today.
Oil Curve Steeper Than 99 Shows Crude May Gain in 09 on OPEC
Shell, based in The Hague, postponed a decision to expand its Athabasca oil-sands project in Canada. Valero Energy, the largest U.S. refiner, said in October it will defer projects to cut spending by about $500 million, or 17 percent.
Crude Oil Rises First Time in 3 Days After U.A.E. Cuts Output
Crude hasnt bottomed out as yet because we are getting so much bad economic news, said Tony Regan, a Singapore-based independent energy consultant, who formerly worked for Royal Dutch Shell Plc and Nexant Inc.
Samsung Bets on Shell Floating LNG as Orders Fall
Dec. 19 (Bloomberg) — Samsung Heavy Industries Co. and Hyundai Heavy Industries Co. are betting that Royal Dutch Shell Plcs plan for untried floating gas-export terminals will spur billions of dollars in orders as the shipping market collapses.
Shell Expands LNG Import Capacity in India
Dec. 18 (Bloomberg) — Petronet LNG Ltd. and Royal Dutch Shell Plc are expanding liquefied natural gas import capacity in India even as the global recession cuts demand and prices of the fuel decline.
Eating Isnt Option When Minnesota Corn Burns in Houston Cars
Today, burning crops like corn, soybeans and sugar cane for fuel is policy in the U.S., Brazil and the European Union — while almost 1 billion of the worlds 6.8 billion people are hungry, the most in a generation.
Exxon May Lift Spending as Rivals Cut
Meanwhile, competitors including Royal Dutch Shell Plc, StatoilHydro ASA, EnCana Corp. and Petro-Canada announced planned spending cuts or postponement of projects, following oil prices decline from its peak in July, the report stated.
Contango Pays Most in Decade as Shell Stores Crude
Shell and Koch Industries Inc. of Wichita, Kansas, also hired four supertankers to hold oil in the U.S. Gulf Coast to take advantage of rising prices in the months ahead. They took Very Large Crude Carriers, or VLCCs, to move oil from the Middle East, said Bruce Kahler, a broker at Lone Star, R.S. Platou in Houston.
Chevron May Sell Refineries as Demand, Margins Shrink
Chevron Corp., the worlds fourth- largest oil company, may sell some refineries as recessions in the worlds largest economies cut demand for gasoline and diesel, squeezing fuel-production margins.
Shell Pernis Refinery Fire Contained, Plant Operating
The fire broke out at the refinery near Rotterdam at 1:20 p.m. local time today, said Wim van de Wiel, a spokesman for Europes biggest oil company, based in The Hague. Wendel Broere, also a company spokesman, said later the blaze was brought under control by 3:25 p.m. and the incident is now closed.
Shell fined 10.5 million euros after being caught in another price fixing cartel
Compliance with antitrust rules remains a top priority for management, said Wendel Broere, spokesman for The Hague- based Royal Dutch Shell, Europes largest oil company, which was fined 10.5 million euros. The company hasnt decided whether to appeal.
Showa Shell to Open First Electric Car Recharging Station
Dec. 3 (Bloomberg) — Showa Shell Sekiyu K.K., the Japanese oil refining unit of Royal Dutch Shell Plc, will open its first battery-charging station as more electric cars take to the road.
Nexus, Shell May Develop $3 Billion LNG Plant at Crux
Dec. 2 (Bloomberg) — Nexus Energy Ltd., the Melbourne-based gas explorer set to start production next year, may develop a $3 billion gas liquefaction plant withRoyal Dutch Shell Plc should they find sufficient resources at Australias Crux project.
Shell Studies Partnership for Sugar Plant in Brazil, Valor Says
Cosan is the worlds largest producer of ethanol from sugar cane.


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