Incoming Shell Boss Aims Fire up Renewables Drive
Shell's incoming Chief Executive Wael Sawan is set to accelerate the group's drive to build its renewable energy business, including through a possible "transformative" clean power acquisition, company and industry sources said.Sawan will from January take on a firm with a strong balance sheet after a surge in oil and gas prices…
VIDEO: One-on-One with Pieter van Oord, CEO, Van Oord
Pieter van Oord is candid in discussing the future growth of his storied company’s activities in offshore wind with specific insights on challenging current jobs, Van Oord’s recent order of a massive and groundbreaking Wind Turbine Installation Vessel, and the company’s future working in the United States.Pieter…
Activists Climb Shell North Sea Platform
Greenpeace activists boarded two Royal Dutch Shell oil platforms in the British North Sea on Monday in protest against plans to leave parts of the giant structures in place after production shuts down.Pictures provided by Greenpeace show two people in yellow hats scaling one of giant two large, rusty structures and unfurling a banner reading "Clean up y
Foreign Oil Workers Kidnapped in Nigeria
Gunman kidnapped two foreign workers from an oil rig in Nigeria's Delta region on Saturday, the military said - the second abduction there in less than a week.The attackers raided the rig owned by Niger Delta Petroleum Resources at around 8 a.m. (0700 GMT), the spokesman for the area's military operations…
Shell Trading Disappoints in First Half of 2018 -CFO
Royal Dutch Shell's oil trading profits fell short of expectations in the first half of the year, Chief Financial Officer Jessica Uhl said on Thursday."Trading has been a bit soft for us in the first half," Uhl said on a call with analysts following its quarterly results."It has been…
Former Shell Oil Trading Boss Joins Vitol
The former head of oil trading at Royal Dutch Shell is joining the business development division of Vitol, the world's biggest independent oil trader, next week, a source familiar with the matter said. Mike Muller left Shell last November after 29 years at the company. A spokeswoman for Vitol could not be reached for immediate comment.
Firms Complain of Contaminated Crude Lifted From U.S. SPR
Three firms that bought crude oil last year from U.S. emergency stockpiles raised concerns about dangerous levels of a poisonous chemical in the cargoes, according to internal Energy Department emails and shipping documents reviewed by Reuters. Problems with crude quality would make the U.S.
Shell Poised to Dethrone Exxon as Q4 Profits Double
Profits rise 120 percent to $16 bln in 2017; Q4 profits more than double, beating forecasts. Royal Dutch Shell could usurp its largest rival Exxon Mobil as the energy sector's biggest cash generator after higher oil and gas prices combined with an improved performance lifted its 2017 revenue.
Shell OKs First UK North Sea Project in Six Years
Shell approves Penguins expansion; project projected to generate profit even at sub-$40 oil prices. Royal Dutch Shell gave the green light on Monday for an expansion of the Penguins oil and gas field in the UK North Sea, its first major new project in the ageing basin in six years. Shell said the development…
Bibby Subsea Completes Decommissioning Work for Shell
Bibby Offshore’s Houston-based division, Bibby Subsea, has completed a significant contract with Shell Pipeline, a subsidiary of Shell Oil US. Through its strategic alliance with U.S. diving company, Aqueos Corporation, Bibby Subsea completed the subsea decommissioning project in the Gulf of Mexico…
BP, Shell Double Down on North Sea
BP, Shell plan around 10 exploration wells, even though both companies have sold many North Sea assets. Two of the most veteran oil and gas producers in the UK North Sea, Royal Dutch Shell and BP, still tie their future to the ageing offshore basin despite a broad retreat in recent years.
Shell Adjusts to Low Priced Oil, Even as Profits Soar
Shell 'getting fit' to live with oil at $40/bbl -CEO. Royal Dutch Shell is gearing up for a world of "lower forever" oil prices, its Chief Executive Ben van Beurden said on Thursday, after the company's profits tripled in the second quarter. The oil and gas industry has struggled with…
Alberta power company buys half-built Shell oil sands power plant
Kineticor, a small privately held power producer, has partnered with one of Canada's largest pension funds to buy a half-finished oil sands power plant in northern Alberta that was part of an abandoned Royal Dutch Shell project, the company said on Friday. Alberta-based Kineticor said…
Obama Bans New Drilling off Alaska, Part of Atlantic Shore
U.S. President Barack Obama on Tuesday banned new oil and gas drilling in federal waters in the Atlantic and Arctic Oceans, in a push to leave his stamp on the environment before Republican Donald Trump takes office next month. Obama used a 1950s-era law called the Outer Continental Shelf…
U.S. GoM Producers not Expecting Storm Impact
Gulf of Mexico offshore oil producer Shell Oil Co said on Sunday Tropical Storm Colin was forecast to miss the company's production platforms before striking Florida on Monday. The U.S. National Hurricane Center forecasts Colin, which became a tropical storm on Sunday afternoon, will strike the Gulf Coast of Florida on Monday night.
Nigeria faces oil output slump as Exxon shuts flows
Exxon declares force majeure on major crude stream; output could fall to lowest since 1970. U.S. oil major Exxon Mobil has suspended exports from Nigeria's top crude stream, adding to economic strains from unrest and violence that have cut production to its lowest in decades. Exxon Mobil…
Shell Organizational Changes in N. America
Royal Dutch Shell announced that after a 34-year career with the company, Unconventional Resources Director and U.S. Country Chair, Marvin Odum, will leave Shell at the end of March, 2016. Concurrent with Marvin’s departure, and in a move that will simplify Shell’s structure, the Athabasca…
Shell Transitioning BG after $53 bln Deal
Shell completes $53 billion acquisition; looks o become top LNG trader, major offshore oil producer. Royal Dutch Shell on Monday sealed the $53 billion (36 billion pounds) acquisition of British rival BG Group to form the world's top liquefied natural gas company, even as slumping oil prices cast a shadow on the upcoming years of transition.
BG Shareholders Give Shell's $52 bln Acquisition Final Nod
BG Group shareholders overwhelmingly approved Royal Dutch Shell's $52 billion takeover on Thursday, clearing the way for the two firms to create the world's biggest trader of liquefied natural gas (LNG). BG will now merge with Shell on Feb. 15, nearly two decades after the company was…
Shell Names Top Exec to Head BG During Integration
Royal Dutch Shell's top executive planning the integration of BG Group will become transitional CEO of BG after expected completion of the $48 billion acquisition next month, company sources said. The appointment of Dutchman Huibert Vigeveno to oversee the complex merger of the two global businesses comes as no surprise.
