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Posts Tagged ‘ConocoPhillips’

Kashagan’s Foreign Partners to Finance State’s Share of Costs

By Nariman Gizitdinov – May 24, 2012 11:02 AM GMT+0100 Eni SpA (ENI), Exxon Mobil Corp. (XOM) and Royal Dutch Shell Plc (RDSA) agreed to shoulder the investment costs owed by Kazakhstan’s state energy producer for one of the world’s biggest oil fields this year and next. The international partners, which also include Total SA [...]

Village Claims Shell Oil Ruined Its Water

Roxana, a village of 1,550 in Southern Illinois, claims in court that a Shell oil refinery contaminated the village’s water and soil with benzene levels as much as 26,000 times greater than allowed by state law. By JOE HARRIS: Thursday, March 29, 2012 EDWARDSVILLE, Ill. (CN) – Roxana, a village of 1,550 in Southern Illinois, [...]

Southern Illinois village takes on Shell over pollution claims

By Associated Press 10:48 a.m. CDT, March 21, 2012 EDWARDSVILLE, Ill. (AP) — A village in southern Illinois is suing Shell, ConocoPhillips and a local refinery, alleging they released millions of pounds of cancer-causing pollutants.The (Alton) Telegraph reports (http://bit.ly/GD7iDv ) the lawsuit was filed in Madison County on Tuesday on behalf of the village of [...]

Shell Executive Confident Co Will Drill In Alaskan Arctic This Summer

Published March 07, 2012 Dow Jones Newswires HOUSTON –  Royal Dutch Shell (RDSA) remains confident it will be able to start exploring for oil in the Arctic Ocean off the coast of Alaska this summer, the company’s Executive Vice President for Exploration David Lawrence said Wednesday. “As long we continue to meet critical milestones we [...]

Shell to close Wood River blending plant

ROXANA – Shell Oil Co. says it plans to close its oil blending and packaging plant, resulting in loss of 83 local jobs and bringing to an end the company’s direct presence in the area, which dates back almost a century.

Debate continues on Big Oil’s big profits

February 7, 2012, 2:23 p.m The five so-called “super major” oil companies — Exxon Mobil, Royal Dutch Shell, ConocoPhillips, Chevron and BP– have just wrapped up their fourth quarter earnings reports, but not without inspiring disdain over how they made those billions in profits and over what they were doing with them. Under the title [...]

Can Big Oil Repeat Its Big Year?

JANUARY 23, 2012 By LIAM DENNING Even today, $1.67 trillion is a lot of money. That is the amount wiped off the combined market capitalization of the top 50 energy companies between the end of 2007 and the end of 2011. Breaking it down offers big clues on Big Oil’s prospects for 2012. Every year, [...]

Refiners, Union Leaders to Begin Contract Negotiations Next Week

By Barbara Powell – Jan 13, 2012 1:22 PM GMT Royal Dutch Shell Plc (RDSA) and leaders of the union representing workers at 69 U.S. oil refineries will begin negotiating a new three-year labor contract Jan. 17 to avoid a work stoppage that could disrupt plant operations. The current contract between oil refiners and 30,000 [...]

Kazakhs Consider Bid to Boost Kashagan Oil Cost to $46 Billion

By Nariman Gizitdinov – Jan 11, 2012 6:00 PM GMT The Kazakh government is considering a request from Exxon Mobil Corp., Royal Dutch Shell Plc (RDSA) and other partners to raise the budget for the first phase of the Kashagan oil project by 20 percent to $46 billion, according to a person with knowledge of [...]

Chevron, Conoco Entrapped in Post-BP Crackdown on Oil Slicks

By Joe Carroll, Juan Pablo Spinetto and Edward Klump – Dec 23, 2011 10:15 AM GMT Brazil’s threatened indictment of Chevron Corp. (CVX) and Transocean Ltd. (RIG) executives after offshore oil leaks shows that regulators from the North Sea to the Indian Ocean are stepping up scrutiny after BP Plc’s 2010 disaster. Brazilian authorities have [...]

Chevron, Transocean Face Brazil Indictment Over Oil Leak

December 22, 2011, 11:33 AM EST By Joe Carroll and Juan Pablo Spinetto Dec. 22 (Bloomberg) — Chevron Corp., the operator of the Brazilian offshore well that triggered oil leaks, and rig owner Transocean Ltd. will defend executives threatened with criminal indictments in the South American nation. Chevron learned that Brazil’s federal police intend to [...]

New ConocoPhillips and Shell Arctic Oil Permits Raising Alarms

By Pierre Bertrand | December 22, 2011 2:07 AM GMT Alaskan environmentalists are sounding the alarm bells this week, responding to two major oil industry victories in a state that has been a recurring flash point between environmental groups, legislators and the giants of petroleum exploration. The latest news to stir the seas came Monday, [...]

Repsol, Shell, Conoco Offer High Bids for Alaska Oil Leases

By Katarzyna Klimasinska – Dec 7, 2011 11:08 PM GMT Repsol YPF SA (REP), Royal Dutch Shell Plc (RDSA) and ConocoPhillips (COP) are among the high bidders for oil leases offered by the State of Alaska. The state Department of Natural Resources sold leases today for 281,095 acres in the Beaufort Sea and 335,289 acres [...]

Shell bets on North Slope in Alaska oil lease sale

Alex DeMarban | Dec 07, 2011 State officials called Alaska’s much-awaited oil and gas lease sale a qualified success on Wednesday, noting that 19 groups spent $21 million. Still, the state must keep working to roughly double the flow of oil in the trans-Alaska pipeline and meet Gov. Sean Parnell’s goal of 1 million barrels [...]

Shell, Conoco, Repsol increase Alaska oil holdings

Curtis Smith, spokesman for Shell in Alaska, said the company continues to concentrate on its exploration plans in federal waters of the Beaufort and Chukchi Seas but is seeking to diversify its offshore operations.