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Posts Tagged ‘Eni’

Sale Of Oil Block OPL 245 By Malabu To Shell & Agip

Letter Of Complaint Regarding Sale Of Oil Block OPL 245 By Malabu To Shell & Agip December 11, 2011 By Ademola Williams Dear Sirs: On the 7th of December 2011 various news papers internationally and local published a report that Royal Dutch Shell and Eni said on Wednesday they have bought the prospective Nigerian deep [...]

Shell, Eni buy huge Nigeria offshore oil block-Shell

ABUJA | Wed Dec 7, 2011 3:57pm GMT Dec 7 (Reuters) – Royal Dutch Shell and Eni have bought the prospective Nigerian deep offshore oil block OPL 245, Shell said on Wednesday, ending a decade of legal disputes over the huge asset. A spokesman for the Anglo-Dutch major said it would own 50 percent of [...]

Shell escapes 96 million euros fine after grassing on other members of “paraffin mafia”

Anglo-Dutch oil major Shell escaped a potential fine of 96 million euros because it blew the whistle first to the EU competition authorities.

Details of the final Kashagan agreement

Kazakhstan and a consortium of Western oil companies developing the Kashagan oilfield signed the final agreement on the future of the project on Friday after more than a year of tense negotiations.

As Fuel Prices Fall, Will Push For Alternatives Lose Steam?

Biofuel players range from the oil majors, such as BP and Royal Dutch Shell, to ethanol giants VeraSun Energy and Poet, to tiny firms like Solarzyme, which started in its founders’ garage five years ago and is now testing an algae catalyst in a large commercial vat.

‘Paraffin mafia’ comes unstuck after €676m fines

The Commission made dawn raids on the companies three years ago after Shell, one of its members, blew the whistle on the illegal activities. Shell escaped a possible fine because it provided the Commission investigators with the initial vital information.

UPDATE: Gazprom Neft Offers Chevron, Eni, Shell Asset Swaps

Russia’s OAO Gazprom Neft (SIBN.RS) Thursday offered oil majors Chevron Corp. (CVX), Eni SpA (E) and Royal Dutch Shell PLC (RDSA) the chance to swap some of their overseas assets for some of Gazprom Neft’s Russian production assets.

Nigeria May Delay Seventh LNG Train on Taxes, This Day Says

Nigeria may not approve a new liquefied natural gas processing line on Bonny Island because the project’s partners owe “a lot of money” in the form of taxes and royalties…

Iran vows to press on after Total pull-out

The western energy companies… are quick to stress they are not pulling out of Iran or ending negotiations over projects far in the future. Indeed, Total, Royal Dutch Shell, Eni and StatoilHydro among others already have a presence in Iran and intend to honour their contracts despite US pressure.

Price acts as catalyst for switch

That leaves the companies sitting on huge piles of cash. Even with a generous buy-back policy and consistent dividend payment plan, ExxonMobil, the biggest of the bunch, holds more than $40bn

Exxon attacks Kazakh oilfield delays

ExxonMobil, the world’s biggest listed integrated energy group, yesterday blamed the government of Kazakhstan for delaying the development of the world’s biggest new oilfield, significantly raising the level of acrimony surrounding the troubled project.

Oil lubricates high-level links

In its attempt to take back control of its most precious resources, Russia dismantled Yukos, its most promising independent oil company; played hardball with Royal Dutch Shell in Sakhalin and appears to be making similar moves on TNK-BP.

Fresh delay to Kashagan oilfield plan sparks anger

Production at Kashagan, one of the world’s biggest oilfields, has been postponed by two years to 2013, Kazakhstan said at the weekend.

Venezuela to snub Saudi Arabia over call for Opec summit

Among those expected to attend are the chief executives of the world’s eight largest international oil companies by market capitalisation – ExxonMobil, Royal Dutch Shell, BP, Chevron, Total, ConocoPhillips, Eni and Repsol.

Australia strikes it rich as oil majors scent big potential of coal-seam gas

Yesterday, Arrow Energy the fourth-largest producer was in a trading halt as energy majors, rumoured to include Shell, circled. Analysts say that BP, ENI and Total are interested.