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Posts Tagged ‘Reuters’

Japan Inpex acquires Brazil block stake from Shell

TOKYO, Nov 4 (Reuters) – Japan’s top oil and gas explorer, Inpex Corp said on Tuesday it has received the Brazilian authorities’ approval to acquire a 20 percent interest in offshore block BM-C-31 in Brazil from Royal Dutch Shell.

Shell to seek lower cost deals from service firms

Malcolm Brinded, who runs the oil and gas production unit at Shell, which invests more in developing oil and gas fields than any other listed oil company, said the weaker climate for service companies could be good for his company. “You have to look at opportunities that may be around in this cycle,” told Reuters in an interview at the sidelines of an industry conference on Monday.

Shell Q3 profits surge to $10.9 bln

LONDON, Oct 30 (Reuters) – Royal Dutch Shell Plc said on Thursday third-quarter current cost of supply (CCS) net profit jumped 71 percent to $10.9 billion, boosted by high oil prices and asset sales.

Chevron replaces BP as third-biggest oil major

LONDON, Oct 27 (Reuters) – U.S. oil major Chevron Corp has replaced Britain’s BP Plc as the third-largest non-government controlled oil company in the world, as problems in Russia and sterling weakness weigh on BP.

Shell Nigeria appeals in Bonny land rights dispute

Royal Dutch Shell (RDSa.L: Quote, Profile, Research,Stock Buzz) said on Wednesday it had appealed against a Nigerian court ruling in favour of community elders who challenged its land rights for the Bonny oil export terminal in the restive Niger Delta.

Shell Australia: Clyde refinery to halt output

SYDNEY, Oct 9 (Reuters) – Royal Dutch Shell Plc’s Australian unit said on Thursday its Clyde refinery in Sydney would temporarily shut down its refining process units for maintenance work at the end of November.

Shell in talks on Urals Energy field unit – report

Shell has been trying to improve its position in Russia, after it had to cede control of major offshore project Sakhalin-2 to state-controlled Gazprom last year. Shell now owns 27.5 percent of Sakhalin-2, which is on the Russian Pacific island of the same name.

Shell says U.S. Gulf refineries ramping up after Ike

Shell said Saturday its U.S. Gulf refining throughput was about 1 million barrels per day out of a total of 1.2 million bpd.

Nigeria threatens to halt energy firms’ LNG schemes

Nigeria’s largest LNG export plant, on Bonny Island in the southern Niger Delta, is controlled by a group of Western companies — Royal Dutch Shell, Total and Eni unit Agip. NNPC owns 49 percent.

Total and Shell study buying Repsol stakes-paper

The Spanish government has indicated it would look favourably on Total taking over Repsol, Expansion cited sources close to discussions on the issue as saying.

Nigerian oil output around 2 mln bpd – minister

Wed Sep 24, 2008 12:19pm EDT (Adds comment from Shell) By Felix Onuah ABUJA, Sept 24 (Reuters) – Nigerian Oil Minister Odein Ajumogobia said recent militant attacks on oil facilities had not significantly hit output and that the country was currently producing around 2 million barrels per day. Nigerian militant group the Movement for the [...]

Shell evacuates some oil staff after Nigeria attack

Shell evacuates some oil staff after Nigeria attack Mon Sep 15, 2008 8:11am EDT PORT HARCOURT, Nigeria, Sept 15 (Reuters) – Royal Dutch Shell (RDSa.L:Quote, Profile, Research, Stock Buzz) has evacuated nearly 100 employees from a Nigerian oil flow station in the Niger Delta after it was attacked by militants on Monday, an industry source said. “As a [...]

UPDATE 3-Nigerian militants launch new attacks in “oil war”

PORT HARCOURT, Nigeria, Sept 15 (Reuters) – Nigerian militants attacked a Royal Dutch Shell operated oil installation on Monday in a third day of heavy fighting with security forces in the Niger Delta region.

Shell: Capline ships stored oil, offshore delayed

Capline, run by Shell, but owned by a group of companies, carries most of the imported cargoes delivered by ships to LOOP and U.S.-produced oil from the Gulf of Mexico to refineries in the Midwest.

Oil steady above $123 as dollar rise trims gains

TOKYO (Reuters) – Oil futures were steady over $123 a barrel on Thursday…