There's "plenty of oil in the world," Shell's Scenario Team said today on a Webcast led by Global Business Environment Vice President Jeremy Bentham. "The important moment is actually not a possible peak of oil production;" it's when demand exceeds supply, which may "come well before a peak" in output.
May 15th, 2008:
Shell: Crude shortfalls will boost renewables
Shell Joins IEA’s Carbon Capture Research Project in Canada
Shell, Exxon Mobil Corp. and the rest of the oil industry may face higher costs to exploit Canada's tar sands, the biggest deposit outside of Saudi Arabia, because of efforts to curb climate change. The accumulation of carbon because of burning fossil fuels is blamed for global warming.
The Majors Look West, Again
After years of shunning North America and Europe in favor of exotic locales that promised oil in far greater quantities at a much lower cost, the industry's largest players have come crawling back. The reason? Those big projects have been difficult to pull off and haven't made up for declining production in more mature regions like the U.S. Last year the five largest U.S. and British oil companiesExxonMobil, Royal Dutch Shell (RDSA), BP (BP), Chevron (CVX), and ConocoPhillips (COP), which together account for 11% of worldwide outputsaw their oil production slide 3%, to 10 million barrels per day. Those shrinking supplies are one reason that oil now tops $125 a barrel.
US lists polar bear as threatened
The United States has listed the polar bear as a threatened species, because its Arctic sea ice habitat is melting due to climate change.
Oil cos. expect battles over polar bear listing
JUNEAU, Alaska (AP) -- The lawyers aren't clearing their calendars just yet, but the oil industry is bracing for some courtroom battles to maintain its stake in Alaska's oil-rich fields now that the Interior Department has listed polar bears as a threatened species. Shell said it's too early to tell how the ruling will effect any of the company's offshore plans.
BP Is Haunted By Fraying Alliance With Russian Partner
The drumbeat of difficulties led to comparisons to the troubles Royal Dutch Shell PLC faced in 2006 before it sold control of its Sakhalin-2 project to Gazprom.
Shell CFO Peter Voser is a director of the scandal hit UBS Swiss bank in financial meltdown
U.S. prosecutors are expected to confront Swiss banking giant UBS AG with a broad subpoena for the names of wealthy American clients who may have used its services to avoid income taxes, according to lawyers and others involved in the case.
Oil and gas: Battle to exploit hidden riches
...ConocoPhillips said in April it expected to be working on the project. Royal Dutch Shell and Occidental had been viewed as frontrunners during the months-long negotiations. ConocoPhillips win was a surprise as the industry expected Shell or Occidental to win, said Mr Cassidy.
Nigerians seek damages from Shell over pollution
"This is the first time a Dutch company would be held liable for damage by a daughter operation in another country," said Anne van Schaik, of the Dutch branch of Friends of the Earth. "We are calling on Shell to respect international standards and the law in Nigeria, and because they are not doing that, we are taking them to court in the Netherlands," she said.
South Africa: Global Call Centre to Service Shell’s Customers, Improve Growth
Deputy President Phumzile Mlambo-Ngcuka on Tuesday opened a global call centre that will service customers for the oil multinational, Royal Dutch Shell, and improve economic growth in the country.
The call centre's establishment - in part a result of government's efforts to boost business process outsourcing (BPO) operations - is designed to service Shell's customers in Belgium, Luxembourg and the Netherlands.
Polar Bear Gets Threatened Status Because of Warming
Royal Dutch Shell Plc, the world's second-largest oil company, was the biggest bidder, offering $2.1 billion for rights in the Chukchi Sea. Shell spokesman Curtis Smith said it's ``too early to tell'' how the listing may effect its operations in the Chukchi and Beaufort seas.
Shell May Build New Facilities at Pernis Oil Refinery (Update1)
May 14 (Bloomberg) -- Royal Dutch Shell Plc may build additional facilities at its Pernis oil refinery in Rotterdam, Europe's largest, in order to export more fuel products mainly to the U.S. market.