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Posts Tagged ‘Saudi Aramco’

Motiva Port Arthur HCU shut by fire

Motiva Port Arthur HCU shut by fire -filing, company HOUSTON May 13 (Reuters) – A lube oil hydrocracking unit was shut on Saturday at Motiva Enterprises’ 600,000 barrel per day (bpd) Port Arthur, Texas, after a fire, according to a notice filed with Texas pollution regulators. No injuries were reported due to the fire, a [...]

Saudi Aramco, Shell Extend Natural Gas Drilling To 2015

By Angus McDowall of DOW JONES NEWSWIRES OCTOBER 26, 2010 LONDON (Dow Jones)–A joint venture between Saudi Arabian Oil Co., known as Saudi Aramco, and Royal Dutch Shell PLC (RDSB) to drill for natural gas in the kingdom’s empty quarter has extended its exploration license by five years to 2015. The South Rub al-Khali Co., [...]

Slick engulfs oil industry’s sense of optimism

THE SUNDAY TELEGRAPH At the World Economic Forum meeting in Davos in January there was standing room only at the session on the future of oil. Peter Voser, the chief executive of Royal Dutch Shell, sat alongside the head of the Saudi oil giant Aramco, Khalid al Falih, and the chairman of Total, Thierry Desmarest. [...]

Shell Confirms Worker’s Death At Motiva Port Arthur Refinery

THE WALL STREET JOURNAL APRIL 19, 2010 NEW YORK (Dow Jones)–Royal Dutch Shell said Monday that a worker died at the Motiva Port Arthur refinery it operates in Texas. The worker’s death “can be confirmed, and we are investigating what the cause was,” a Shell spokeswoman said. No further details were available, but the company [...]

Shell/Motiva CEO Bob Pease dragged into Tom Purves controversy

By John Donovan The following is a self-explanatory email I sent earlier today to Robert (Bob) Pease, President & Chief Executive Officer of Motiva Enterprises LLC, which is jointly owned by a subsidiary of Saudi Aramco and Shell. From the Motiva Website: Formed in 1998, Motiva Enterprises LLC operates primarily in the eastern and southern [...]

US Justice Department continues investigation of BAE Systems Al-Yamamah arms deal

Royal Dutch Shell and BP played pivotal roles in the “oil for arms” deal said to be the biggest scandal in history. We have published evidence including declassified documents revealing details of the top secret agreements involving the UK government, BAE Systems, Shell, BP, and members of the Saudi Royal family. The US Justice Department investigation is highly sensitive and the outcome potentially explosive for Shell in view of its close relationship with the state owned oil company Saudi Aramco, involving joint ventures in the USA under the Shell/Motiva umbrella.

Showa Shell, Saudi Aramco to form solar power JV

(Reuters) – Japanese oil distributor Showa Shell Sekiyu KK and Saudi Aramco Oil Co plan to jointly set up small-scale solar power facilities in Saudi Arabia next year, the Nikkei business daily reported without citing sources.

Showa Shell, Saudi Aramco to start solar power project

Tue Jun 23, 2009 9:10pm EDT June 24 (Reuters) – Japanese oil distributor Showa Shell Sekiyu KK (5002.T) said on Wednesday it and Saudi Aramco Oil Co had agreed to start a feasibility study on solar power business in Saudi Arabia. Showa Shell, Japan’s fifth-biggest oil refiner, is investing in thin-film solar cells in a search [...]

Showa Shell Rises to Nine-Month High on Solar Project

June 24 (Bloomberg) — Showa Shell Sekiyu KK, a Japanese refiner and solar-equipment maker, rose to the highest in nine months after saying it will build solar plants in Saudi Arabia to expand its alternative energy business.

Motiva’s Texas refinery expansion “proceeding”

Motiva, a joint venture between Saudi Aramco and Shell, in March announced the project’s completion would be delayed by two years to 2012, leading to speculation it would be canceled altogether as the recession continues to crush U.S. demand for motor fuels.

Aramco to cut oil spending

Dozens of smaller oil companies, starved of cash and facing stiff financial constraints from low oil prices, have in recent months slashed project spending, though most big privately run oil firms, such as Royal Dutch Shell PLC, have maintained their spending plans for 2009.

Aramco-Shell Saudi refinery resumes exports

DUBAI, Feb 23 (Reuters) – Saudi Aramco and Royal Dutch Shell’s (RDSa.L) joint venture Jubail refinery restarted oil exports on Monday after bad weather interrupted the flow for four to five days, shipping sources said.

Lay-offs at Motiva project while construction continues

According to Verna Rutherford of Motiva, changes are being implemented to assure tighter control of costs on the $7 billion refinery expansion project that began December 2007. Demand for Motiva’s products is down, and with lower demand, margins are also down, making tight cost control essential.

Showa Shell Seikyu looks to solar power

Arai also had specific comments regarding the future roles of his firm’s leading shareholders—Royal Dutch Shell PLC and Saudi Aramco.

Japan refiners to be stirred, not shaken, by merger

“Cosmo and Showa Shell’s main shareholders are different, so a merger is unlikely now,” said UBS’ Ito. Saudi Aramco increased its stake in Showa Shell to 15 percent stake in 2005, while IPIC, the investment arm of the Abu Dhabi government of the United Arab Emirates bought 20 percent in Cosmo last year to become the top shareholder.