LAGOS, Nigeria, May 9 (UPI) — There is a “massive” black market for crude oil stolen from Shell’s subsidiary in Nigeria, the company said in a briefing note. Shell declared force majeure on the Nigerian blend of crude oil last week because of what it described as rampant theft from one of its oil pipelines [...]
Posts Tagged ‘UPI’
China posed for more investment in shale?
BEIJING, May 1 (UPI) — China invested $222 million in its shale gas sector last year, a government official said. Yet China’s investment in shale gas exploration and development is “very small” in proportion to the country’s overall oil and natural gas exploration and development, which totaled more than $9.5 billion last year, Wang Min, [...]
Shell contracts valid, Libya says
Jan. 5, 2012 at 10:07 AM TRIPOLI, Libya, Jan. 5 (UPI) — The post-war government in Libya told the Dutch ambassador existing contracts with Royal Dutch Shell were still valid, the country’s oil minister said. As of November, the International Energy Agency said Libyan oil production was around 500,000 barrels per day, up from the [...]
What does Shell case mean for Chevron?
Published: Oct. 19, 2011 at 8:36 AM NEW YORK, Oct. 19 (UPI) — Officials were divided on how a U.S. Supreme Court decision to hear a case against Shell filed by Nigerians reflects on Chevron’s legal issues in Ecuador. The Supreme Court announced Monday it would hear a case filed by 12 Nigerians who claim [...]
Do shale right, former Shell official says
Published: Oct. 4, 2011 at 7:55 AM BERLIN, Oct. 4 (UPI) — Executives in the energy industry need to invest more in shale gas while advancing environmental issues, an official said from Berlin. The United States is examining its shale gas potential as a way to address energy security issues. European countries like Poland and [...]
Shell: Nigerian oil theft ‘unprecedented’
ABUJA, Nigeria, Sept. 27 (UPI) — The amount of crude oil stolen from Royal Dutch Shell’s pipelines in the oil-rich Niger Delta of Nigeria is “unprecedented,” the company said. “The scale of crude theft is unprecedented,” the company was quoted by the Platts news service as stating. Shell declared force majeure in Nigeria, releasing the [...]
Shell touts gas benefits for Asia
Published: Sept. 23, 2011 at 8:22 AM BANDAR SERI BEGAWAN, Brunei, Sept. 23 (UPI) — Natural gas resources will help fuel economic growth in Asia, where advances are vastly outpacing the rest of the world, a Shell executive said. Malcolm Brinded, executive director for upstream developments at Shell, spoke to delegates at an energy conference [...]
Shell sees future in unconventional gas
Published: June 30, 2011 at 9:44 AM LONDON, June 30 (UPI) — A so-called revolution in gas supplies driven in part by shale-gas reserves will allay global energy security concerns, a Shell official said in London. Malcolm Brinded, executive director of global upstream activity at Royal Dutch Shell, told delegates at an energy summit in [...]
Shell adds to Gulf of Mexico finds
HOUSTON, June 9 (UPI) — Shell said expected production at its Cardamom oil and gas field in the deep waters of the Gulf of Mexico could reach 50,000 barrels of oil equivalent per day. Marvin Odum, upstream director for Shell operations in the Americas, said the estimate bodes well for energy supplies for the United [...]
Golden age for Australia’s LNG?
CANBERRA, Australia, June 7 (UPI) — Australia’s liquefied natural gas industry is on course for a “golden age,” with the sector posed to boost the country’s economy by $38.5 billion by 2020, the International Energy Agency said. IEA’s “Are We Entering a Golden Age of Gas?” report unveiled Monday forecasts global use of gas to [...]
Analysis: Shell, Iraq say gas deal OK
Officials at Royal Dutch Shell and the Iraqi Oil Ministry refute claims that a proposed gas joint venture would have exclusive access to Basra province’s gas industry, though a key member of Parliament criticizes the project.
Royal Dutch Shell leader agrees with OPEC officials
Jeroen van der Veer, the top Royal Dutch Shell director, has echoed the views of many members of the Organization of Petroleum Exporting Countries that the world oil market is well supplied.


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