Tag: Royal Dutch Shell

Chevron seeks over $3.6 billion for Caltex Australia stake

The deal is the largest block trade ever in Australia, exceeding Royal Dutch Shell Plc’s sale of Woodside Petroleum Ltd. shares in 2010 for about A$3.3 billion.  More »

Shell cuts staff numbers in North Sea operations

The price of Brent crude, an international variety of oil, dropped about 50 percent last year and the industry is scrambling to figure out how to address the price shock.  More »

Shell sells Nigerian oil lease for $1.7 billion to local company

The divestment is part of Shell’s strategic review of its onshore portfolio in the West African nation and “is in line with the Federal Government of Nigeria’s aim of developing Nigerian companies in the country’s upstream oil and gas business,” it said in a statement on Wednesday.  More »

How Europe’s oil companies are profiting from the slump

Although better known for their oil fields, refineries, and petrol stations, BP Plc, Royal Dutch Shell Plc and Total SA are also the world’s biggest oil traders.  More »

Union, Shell negotiators meet Monday

No details were released about the progress of the talks on Monday.  More »

Student teams rev their engines for Shell Eco-marathon in Motor City

The Shell Eco-marathon is moving from Houston to Detroit this year, but the Anglo-Dutch oil major gave six Houston-area teams of college and high school students a send off at city hall Wednesday for competitors looking to create the most fuel-efficient vehicles.  More »

Norway rejects call to cut oil taxes as cure for crude crash

Oil companies in the country are preparing to cut investment by 15 percent this year.  More »

Commentary: Port of Seattle and Shell quietly sign deal to house company’s Arctic drilling fleet

With rapid authorization, negotiation and signing of the lease — reminiscent of how decisions on the waterfront used to be greased — the port has secured a $13.17 million deal and forestalled efforts by the region’s environmental groups to stop it.  More »

Oil prices rise after OPEC cuts forecast for U.S. output

The group said it may boost global demand forecasts beyond this month’s slight increase amid rising U.S. gasoline use.  More »

Oil on track for biggest two-week gain in 17 years

Oil has rebounded as companies including Statoil ASA, BP Plc and Royal Dutch Shell Plc have reduced investments in response to the market’s collapse.  More »

Statoil announces U.S. spending cuts; could cut jobs, too

Statoil said it would cut is capital expenditures this year by 10 percent to $18 billion.  More »

BP CEO: Oil collapse could repeat 1980s with years of low prices

The British oil giant reported it lost $4.4 billion in profits during the fourth quarter as it wrote down the value of some of its oil-producing assets.  More »

Trio of oil companies announce $20 billion in spending cuts

“What we’re seeing thus far is a textbook implosion,” said one analyst.  More »

Shell planning to restart Arctic drilling this year

Shell is planning on spending $1 billion to drill exploratory oil wells in Arctic waters north of Alaska this year — as long as it clears legal and permitting hurdles, said CEO Ben Van Beurden.  More »

Shell cuts $15 billion of spending as profit misses expectations

Shell shares dropped as much as 4.4 percent in London and traded at 2,067 pence at 10:17 a.m.  More »
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