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Shell, ExxonMobil, Chevron and Total SA in running for gas reserves partnership deal with Pertamina

Pertamina has short-listed Royal Dutch Shell Plc, Exxon Mobil Corp. and Total SA among the companies, LNG Intelligence reported in November.

Crude Declines: Shell dropped 5.3 percent to 1,646 pence

    Shell dropped 5.3 percent to 1,646 pence. BP, Europe’s second-largest oil company, slid 5.8 percent to 496 pence. Eni SpA, Italy’s biggest, lost 7.2 percent to 16.46 euros. Crude oil for January delivery fell as much as 8.5 percent to $49.52 a barrel in New York after the Organization of Petroleum Exporting Countries deferred a [...]

OPEC Failure Foretells Steeper Decline 10 Years After $10 Oil

Producers such as Royal Dutch Shell Plc are cutting back plans to develop deposits like Canadian oil sands. Shell indefinitely postponed the second-phase expansion of its Athabasca project because of rising construction costs. Shell, based in The Hague, also delayed seeking regulatory approval for Carmon Creek. Higher cost plans require $80-a-barrel oil to be profitable, according to Merrill Lynch.

Nigeria LNG Declares Force Majeure as Soku Plant Shut

Nov. 28 (Bloomberg) — Nigeria LNG Ltd. declared force majeure on cargo deliveries after Shell Petroleum Development Co. shut the Soku gas plant in the southern delta to repair damage caused by thieves.

Shell delays Carmon Creek oil-sands development in Canada

    By Howard Mustoe Nov. 28 (Bloomberg) – Dutch Shell Plc (RDSA LN): Europe’s largest oil producer delayed seeking regulatory approval for its Carmon Creek oil-sands development in Canada, the second project the company has slowed as crude prices slide. Shell rose 55 pence, or 3.3 percent, to 1,733 pence. BLOOMBERG ARTICLE

Shell Signs Up to Join Australia’s Global Carbon Capture Body

Royal Dutch Shell Plc, Europe’s biggest oil company, will become a founding member of Australia’s A$100 million ($64 million) carbon capture and storage institute aimed at speeding low-emissions power output.

PetroChina Doubles LNG Purchases in Accord With Shell (Update1)

Nov. 25 (Bloomberg) — PetroChina Co., the nation’s largest oil company, doubled the volume of liquefied natural gas it will buy from Royal Dutch Shell Plc in an agreement to supply terminals being built along China’s eastern coast.

Shell Studies Possible Oil Projects in Iraq, CEO Says (Update1)

Royal Dutch Shell Plc, Europe’s largest oil company, is examining possible oilfield projects in Iraq as the nation prepares to issue exploration permits next year, Chief Executive Officer Jeroen van der Veersaid today.

Cnooc Plans $29 Billion South China Sea Exploration (Update1)

China, the world’s second-biggest oil user, is expediting projects including nuclear power plants, gas pipelines and oil refineries to help stimulate the domestic economy and meet future energy demand. The country will overtake the U.S. as the world’s biggest oil and gas consumer in about five years, Royal Dutch Shell Plc said in September.

Recession’s Grip Forces U.S. to Flood World With More Dollars

Nov. 24 (Bloomberg) — The world needs more dollars. The United States is preparing to provide them. In an all-out assault on capitalism’s worst crisis since the Great Depression, the U.S. is taking on the role of both lender and borrower of last resort for the global economy.

Shell, Aramco, Petrobras Speed Project Spending Cuts

Nov. 19 (Bloomberg) — The biggest oil companies including Saudi Aramco,Royal Dutch Shell Plc and Petroleo Brasileiro SA are accelerating spending cuts and delaying projects as the world enters a recession, said Morgan Stanley & Co.

Oil Tanker Attack May Spur Increased Security, New Routes

Shell’s liquefied natural-gas shipments from Qatar may be disrupted by the increased risk of offshore attacks, according to Deloitte’s Widdershoven. “This attack was the biggest thing that could happen and if they can pull this off, they can also hijack an LNG tanker.”

Europe’s $14 Billion Clean-Coal Proposal May Go Up in Smoke

Nov. 18 (Bloomberg) — A European proposal to spend 11 billion euros ($14 billion) testing how to pump greenhouse gases underground is itself getting buried.

Total Plans $15 Billion in Takeovers, Citigroup Says (Update1)

Nov. 17 (Bloomberg) — Total SA, France’s largest oil company, is targeting $5 billion to $15 billion in acquisitions, possibly in the U.S. and Australia, Citigroup Inc. said.

Shell to Start Brazil Pre-Salt Drilling Late 2009, Valor Says

Nov. 7 (Bloomberg) — Royal Dutch Shell Plc plans to start drilling Brazilian deepwater oil finds below a salt layer at the end of 2009 in the Epitonio field, in the BM-S-54 block, Valor Economico reported, without saying where it got the information.