Shell has also cut back production at its oil sands mining operation near Fort McMurray, Alberta.
December 2nd, 2008:
Shell says oil sands upgrader work cuts output
Mismanagement of Russian Economy Could Lead to Social Unrest
Foreign investors were given some serious lessons, when the state took over the Shell-led Sakhalin-2 project...
TENC-CA UK North Sea sale and transfer by Shell and ExxonMobil completed
Tom Botts, Executive Vice President, Shell Exploration & Production in Europe, said: "Active management of our assets is a key part of Shell's portfolio-based strategy. At Shell, we are committed to focus on where we can best use our people, capital and technologies, for competitive long-term returns. On a global basis Shell remains committed to Europe and the North Sea as a core business area and holds a key strategic position in security of energy supply to the UK."
Jury clears Chevron of charges in Nigeria clash
SAN FRANCISCO (Reuters) - A U.S. jury on Monday cleared Chevron Corp of liability charges arising from a violent clash on one of its oil platforms off the coast of Nigeria a decade ago.
TNK-BP’s CEO Dudley steps down, Summers interim CEO
Dudley's resignation, effective from Dec. 1 of this year, follows a protracted struggle between the firm's British and Russian shareholders and was part of an agreement reached between BP and Alfa Access-Renova, the vehicle representing the four Russia-connected billionaires who own the other half of TNK-BP.
Shell executive says low prices may hurt energy policy
WASHINGTON (Reuters) - Shell Oil Co President Marvin Odum said Monday he is concerned that falling oil prices are hurting investment in the sector and may push energy down as a priority for lawmakers.
Shell Studies Partnership for Sugar Plant in Brazil, Valor Says
Cosan is the worlds largest producer of ethanol from sugar cane.
Shell and BP slide down the ranks of top 50 oil companies
Chinas CNPC, meanwhile, passed up BP (BP) and Shell (RDS.A). CNPC is now ranked fifth on the list. ExxonMobil (XON), ranked third, is the only private firm in the top five, right below NIOC of Iran and PDV of Venezuela.
Shell acquires gas emissions treating specialists Cansolv Technologies Inc.
Greg Lewin, President, Shell Global Solutions International B.V., said: "As global energy demand grows and the availability of easy oil and gas diminishes, strong gas treating capabilities will be required to help unlock new resources such as complex contaminated gases or coal, while maintaining environmental performance.
Chevron Is Cleared Over Nigeria Killings
Still, corporate lawyers were able to breathe a sigh of relief that the jury returned an unequivocal victory for Chevron. But the Alien Tort Claims Act faces another test in coming months: Royal Dutch Shell PLC faces a similar suit in New York City next year over whether the company was complicit in any way for the 1995 death of Nigeria activist Ken Saro-Wiwa. The company has called the allegation "false and without merit."
Shell, Chevron, BP subsidiaries and Total face HSE charges over Buncefield explosion
The five businesses - whose owners include Chevron of the US, BP and Royal Dutch Shell - faced health and safety charges carrying the threat of unlimited fines, the Environment Agency and the Health and Safety Executive said yesterday.
Shell, ExxonMobil and Chevron in the race to exploit frozen assets
Meanwhile, Denmark has attracted the likes of ExxonMobil and Chevron, the two biggest US energy groups, along with several smaller players, to explore off the western coast of Greenland, its semi-autonomous territory. And earlier this year Royal Dutch Shell, Europes biggest energy group, won the right to explore the remote part of Alaskas Arctic North Slope.
OPEC Cuts: A Barrel Of Laughs
Oil slides below $50 in New York despite cartel's likely production curbs this month.
Shell, Anglo to Delay A$5 Billion Clean Fuels Project
Dec. 2 (Bloomberg) -- Royal Dutch Shell Plc and Anglo American Plc have delayed plans to develop a A$5 billion ($3.2 billion) project in Australia to convert coal into clean fuels, citing higher costs.
Shell, ExxonMobil, Chevron and Total SA in running for gas reserves partnership deal with Pertamina
Pertamina has short-listed Royal Dutch Shell Plc, Exxon Mobil Corp. and Total SA among the companies, LNG Intelligence reported in November.
Shell Oil/Motiva Gas Station Lease Dispute May Draw U.S. Supreme Court Scrutiny
The justices yesterday asked the Justice Department for advice on a bid by Massachusetts gas station owners to sue Shell Oil Co. and Motiva Enterprises LLC. A group of station owners say Shell and Motiva used rent increases to try to end their franchise arrangements so the companies could take over operation of the stations.
The Dislocated Americans
In the early 1990s, an in-house study conducted by Royal Dutch Shell found that an increasing number of two-career families were turning down overseas assignments. In the past, a cadre of highly mobile employees would go anywhere at any time they were told, said Simon Armstrong, who until recently was manager of Global Outpost Services, a support network for Shell employees and their families that was created in response to the study.