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Posts on ‘July 23rd, 2011’

Oil companies poised to unveil huge profits

Britain’s three biggest oil companies are set to reveal huge profits totalling almost $15bn (£9.2bn) for the past three months, with market leader Royal Dutch Shell making around $75m (£46m) per day.

High oil prices have boosted the earnings of Royal Dutch Shell, BP and BG Group, with the cost per barrel of crude averaging above $100 for the entire quarter.

Rowena Mason

By

9:30PM BST 23 Jul 2011

High oil prices have boosted the earnings of Royal Dutch Shell, BP and BG Group, with the cost per barrel of crude averaging above $100 for the entire quarter. This has kept UK petrol prices near record highs, touching 140p a litre and causing hardship for millions of motorists.

Profits for the oil companies are expected to be their highest since oil prices rose to $147 per barrel in July 2008, just before the world tipped into financial crisis. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Shell, ConocoPhillips get draft Alaska air permits

Fri Jul 22, 2011 5:19pm EDT

By Yereth Rosen

ANCHORAGE, Alaska, July 22 (Reuters) – U.S. federal regulators said on Friday they issued draft air-quality permits to Royal Dutch Shell (RDSa.L) and ConocoPhillips (COP.N), a key step for the oil companies’ drilling plans in Arctic waters of Alaska.

The permits cover Shell’s plans to drill two wells annually in 2012 and 2013 on leases in the Beaufort Sea, off Alaska’s northern coast, and ConocoPhillips’ plans to drill a yet-to-be-determined number of wells in 2012 the Chukchi Sea, off Alaska’s northwest coast. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.