Shell's four-year slide in oil and gas production is expected to continue, with fourth-quarter output forecast to fall around 3 percent compared to the same period in 2007, to 3.3 million barrels of oil equivalent per day (boepd).
January 23rd, 2009:
PREVIEW-Shell, BP Q4 profits seen hit by crude collapse
Nigeria revamps oil industry; Barkindo heads NNPC
Bureaucracy and mismanagement have delayed development of major projects with other majors such as Royal Dutch Shell PLC and ExxonMobil Corp. in Nigeria and has negatively impacted NNPC's growth.
Ethanol Lawsuit Proceeds against Oil Companies
The defendants include Chevron, Exxon, BP, Shell Oil, ConocoPhillips and Tower Energy Corp., a California-based independent petroleum wholesaler, the report stated.
Shelling out
Jeroen van der Veer, outgoing chief executive of Shell, was asked on CNBCs The Leaders programme last night about his unexpected appointment to the top job there. Did he want it?
Predictions of slump in demand hits oil companies
That is bad news for the oil companies, of course, and HSBC is predicting that cashflows at Shell, for one, will be negative for the next two years. As a result, its shares slid 44p to £16.11.
SFO investigators set to force BAE’s hand
SFO chief Richard Alderman has visited the US to meet Department of Justice investigators who are probing BAE's controversial multi-billion pound al-Yamamah arms deal with Saudi Arabia.