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Royal Dutch Shell

Traffic moves through downtown Anchorage, Alaska, U.S., on Wednesday, Nov. 5, 2014. (David Ryder/Bloomberg)

Alaska money blizzard may end as oil’s plunge threatens payouts

Alaska is poised to alter its social contract with people like Paul Alexie for the first time in its 56-year statehood. Oil riches have ensured that the 23-year-old Yupik Eskimo from Bethel doesn’t pay state sales or income taxes. Instead, Alaska pays him. He’ll use $2,072 that lands in his bank account today to defray […]
Shell's Arctic drilling vessel the Noble Discoverer arrives in Everette on Tuesday, May 12, 2015. (Daniella Beccaria,

Shell’s Arctic miss is just the oil industry’s latest dry hole

Shell is far from alone in making a big bet on an offshore play only to end up with disappointing results. From the Gulf of Mexico to the shores of Angola, offshore exploration has yielded plenty of dry holes.
(Paul O'Driscoll/Bloomberg News)

Shell to cut 1,300 jobs in Malaysia over two years

Shell Malaysia said Tuesday it is trying to become a more efficient company but gave few details beyond disclosing the coming staff reductions.
(Bureau of Safety and Environmental Enforcement)

Shell abandons Arctic oil quest after $7 billion bid yields ‘disappointing’ results

After failing to find commercially viable quantities of oil and gas at its Chukchi Sea well, Shell said it will halt exploring U.S. Arctic waters and could take a $4.1 billion write down.
Total headquarters outside Paris. (AP file photo/Jacques Brinon)

Total cuts oil output target

The measures, laid out by the French energy company on Wednesday before an investor day in London, signal that the belt-tightening among global oil producers to protect dividends will extend into 2017 and hurt future growth.
Halliburton Chairman and CEO Dave Lesar, joined by members of the Halliburton Executive Team ring the Opening bell at the New York Stock Exchange on November 18, 2014 in New York City. (Photo by Ben Hider/NYSE)

Deloitte: More oil and gas deals coming if crude prices stay low

As the hedges roll off, credit tightens and the realization that high prices are far off settles in, many companies will need to offer assets for sale and stronger ones will find good deals.

Exxon Mobil reports first oil in Nigerian project

The project is a deep-water subsea development located 60 miles offshore Nigeria in 3,300 feet of water and four miles north of the initial Erha field, which has been producing oil since 2006.
(Photographer: Andrey Rudakov/Bloomberg)

Moody’s: 2016 to bring more cuts among largest oil and gas cos.

In early trading Wednesday, U.S. oil prices gained $2.43 to $47.02 per barrel after a government report showed U.S. oil inventories fell by 2.1 million barrels last week.
Shell launched its new floating offshore production and storage vessel in the Gulf of Mexico on Sept. 9. (Royal Dutch Shell)

Shell’s first Gulf of Mexico floating production vessel gets ready to head to Stones field

Shell said the FPSO, dubbed the Turritella, will be the deepest of its kind in the world, operating in 9,500 feet of water.
(SAMAD/AFP/Getty Images)

Oil jumps back above $40 per barrel in largest gain since 2009

U.S. benchmark crude settled up $3.96 at $42.56 a barrel on the New York Mercantile Exchange. The 10.3 percent gain was the largest for U.S. oil since prices were rebounding from financial crisis of 2009.