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Posts on ‘September 12th, 2011’

Tullow Shows How Big Oil Could Shake Off Its Torpor

The reward for Tullow’s approach is clear. Since 2004, Tullow’s share price has risen by almost 1,500%. Over the same period, Shell’s share price has grown 61% and BP’s has fallen more than 15%.

SEPTEMBER 9, 2011

By James Herron

It’s become accepted wisdom in the oil industry that the once-great corporate giants like Shell, BP or ExxonMobil face an inevitable decline as they are shut out of the richest pickings by the state-backed giants of the Middle East, Russia and China.

But the astonishing run of oil discoveries by relative minnow, Tullow Oil, shows that a little imagination could do a lot to shake Big Oil out of its torpor.

In the space of four years, Tullow has led the charge to open up three significant new oil basins containing billions of barrels of reserves. First, offshore Ghana in 2007, then in Uganda in 2008 and finally offshore French Guiana in South America announced today. 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.

Russia to propose expansion of cooperation between Shell and Gazprom

By Blanche Gatt – Sep 12, 2011 7:57 AM GMT+0100

Royal Dutch Shell Plc (RDSA) : Russian President Dmitry Medvedev will propose Royal Dutch Shell Plc expand cooperation with state-run OAO Gazprom during the first visit by a U.K. prime minister in six years, as the leader seeks to improve relations between the countries.

Separately, South Rub Al Khali Co., a joint venture between Royal Dutch Shell Plc and Saudi Arabian Oil Co., named a chief executive to run the company that explores for natural gas in Saudi Arabia. The stock slumped 2.1 percent to 2,017.5 pence. 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.
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