Tag: shell

Shell expresses optimism, caution on future of massive proposed plant

A plan to build a huge new petrochemical plant in western Pennsylvania is making progress, Shell Oil Co. officials said Wednesday — but there’s still no guarantee the multi-billion dollar project will actually be constructed.  More »

Big Oil comes up short in shale

The same North American oil patches that have lifted Pioneer and other independent oil producers to an unprecedented status in the energy industry haven’t come up gushers for major integrated oil companies like Royal Dutch Shell and BP.  More »

Shell to air “Road to Houston” film in new journalistic effort (video)

“The Road to Houston” is Shell’s latest move in a effort to build its brand by expanding its global footprint in journalism.  More »

Coast Guard blames 2012 Arctic rig grounding on bad decisions

Coast Guard investigators on Thursday rapped Shell Oil Co. and its contractors for failing to heed the dangers of towing a drilling rig across stormy Alaska waters in late 2012 — a voyage that ended when it ran aground on New Year’s Eve.  More »

Energy executives turn pessimistic about industry’s future

Chief financial officers of some of the largest energy companies are more pessimistic than the rest of the business community on earnings growth, according to a new survey released by the consulting firm Deloitte.  More »

Houston Ship Channel reopens after oil spill

The prospect that at least some vessels soon may resume travel through the Houston Ship Channel eased worries that an oil spill Saturday will threaten productivity from area refineries.  More »

Oil companies bid big bucks for Gulf drilling rights

Oil and gas companies pledged hundreds of millions of dollars for drilling rights in the Gulf of Mexico on Wednesday, during a high-stakes auction that demonstrated their enthusiasm for offshore development and marked BP’s return to the bidding after a suspension related to the Gulf oil spill.  More »

Fewer firms submit bids in offshore Gulf auction

Forty-two oil and gas companies will make plays for new Gulf of Mexico territory on Wednesday, in a closely watched, high-stakes auction of U.S. drilling rights that is viewed as a test of the industry’s appetite for offshore projects despite a drilling boom that is unfolding mostly on land.  More »

A renewed search for western Colorado oil shale

Exxon Mobil has edged another step closer to undertaking oil shale research-and-development projects with the Bureau of Land Management’s approval of development plans.  More »

Shell to slash oil field spending, jobs in the Americas

Shell will slash spending and staff in its oil and gas field operations in the Americas, CEO Ben van Beurden told investors Thursday, largely in response to disappointing results in U.S. shale plays.  More »

Shell to slash US investment on shale disappointments

Shell’s Chief Executive Officer Ben van Beurden says the company will cut capital spending in the U.S. by 20 percent in 2014 after setbacks in its shale gas operations and in Alaska.  More »

Shell puts pioneering natural gas-based motor oil on store shelves

Royal Dutch Shell has produced motor oil from natural gas, a product that is now available in stores, the company will announce Friday.  More »
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