Total, along with Exxon Mobil Corp. and Royal Dutch Shell Plc, the world's two biggest publicly traded oil companies, are facing increasing barriers to oil and gas reserves as resource- holding nations favor national champions.
June 4th, 2008:
French oil giant says demand could catch supply
Royal Dutch will damage fishing
As an owner and operator of a steelhead angling guiding business in the Skeena Watershed, I want to formally register my opposition to Royal Dutch Shells proposed coalbed methane development in the Klappan (also known as The Sacred Headwaters).
Is There an Oil Crisis Looming?
Peak Oil may be in the future but Peak Oil Awareness has arrived. I expectTime and Newsweek cover articles on Peak Oil any week now marking the official top in oil awareness. It has already made the covers of The Economist and Business Week, the leading indicators of magazine covers.
North Sea oil reserves ‘will last decades’
In 2004, Shell stunned shareholders when it revised its proven oil and gas reserves, slimming the figure by 20%. The revelation had an instant impact on the company's share price and has served as a lesson to the industry ever since
Strike could affect Shell’s production
THE CALGARY HERALD: Royal Dutch Shell PLC, Europe's biggest oil producer, may be forced to cut output from a North Sea platform if rig managers strike this weekend.
Royal Dutch Shell leader agrees with OPEC officials
Jeroen van der Veer, the top Royal Dutch Shell director, has echoed the views of many members of the Organization of Petroleum Exporting Countries that the world oil market is well supplied.
Angola overtakes Nigeria as top African oil nation
Since Nigeria reached a recent production peak of 2.5 million barrels per day in 2005, militants have crippled the industry by destroying pipelines, pirating oil and attacking foreign workers. The resulting cuts have helped to push the oil price to its recent record highs. Royal Dutch Shell, the largest foreign operator in the country, still has 156,000 barrels shut-in due to militant activity.
Plans for huge rise in wind farms
Royal Dutch Shell recently withdrew from a project that was set to become the world's largest wind farm in favour of investing in renewable energy in the US.
Is Oil the Next ‘Bubble’ to Pop?
But don't count on a price plunge just yet. While oil has eased off its record of just over $133 nearly two weeks ago, to $124.31 currently, there are still strong reasons to believe that the benchmark U.S. crude could hover at about $120 a barrel well past summer.
Senator Increases Pressure On Oil-Market Regulator
Sen. Maria Cantwell (D., Wash.) said she is prepared to hold up appointments to the agency that regulates energy and commodities futures trading if it doesn't strengthen crude-oil market oversight.
Supplier warns of higher energy prices
Questions have also been raised over its planned investment in the London Array, which would be the world's largest offshore wind farm, where costs have risen sharply and Royal Dutch Shell, one of the three partners, has decided to pull out.
BP signs up three long-term partners
Amec has been working for other big international oil companies including ExxonMobil and Royal Dutch Shell, but is now working with BP on just one development, in Azerbaijan.
Shell CEO, like OPEC, sees no oil shortages now
Van der Veer, who is due to retire next year after almost four decades with the company, is in Malaysia to meet top Shell executives.
Norway Oil Producers Say Rig Strike Can Be Averted (Update1)
The Norwegian Organization of Managers and Executives said it will pull 86 workers from StatoilHydro ASA's Snorre A platform and Royal Dutch Shell Plc's Draugen A rig on June 7 if a new agreement isn't reached on wages and working hours. The strike imperils output of 220,000 barrels of oil a day, or about 9 percent of Norway's total oil production.
Petrol strike to leave motorists without fuel
Strike action by tanker drivers could close hundreds of petrol forecourts within days.
Shell station in LA to offer hydrogen
BOSTON--Shell is preparing to open a fueling station in west Los Angeles later this month that will dispense gasoline or, for the right car, hydrogen