News and Views

4 hours 55 sec ago

the Gulf of Mexico oil spill. Even though automotive fuel sales were down in April and May, competitor Shell is claiming an increase in customers over the past four to five months. This means if Shell has gained it is at the expense of the other oil

5 hours 4 min ago

Kuala Lumpur: Shell Malaysia Trading Sdn Bhd has signed a long-term sub-lease agreement with Westports Malaysia Sdn Bhd at Port Klang for storing, supplying and distributing petroleum products. The 14-year agreement enables Shell

19 hours 45 min ago

Oil giant Shell compounded BP's misery by revealing quarterly profits of 2.7billion yesterday. The bumper haul - up a third - compares with BP's record 11bn loss after the Gulf

20 hours 45 min ago

SYDNEY: Royal Dutch Shell's Prelude project became the third Australian natural gas venture this month to face delays in obtaining environmental approval as the country heads toward an election in three weeks. The

Fri, 2010-07-30 20:07

the $3.5 billion (Aus.) acquisition of Brisbane-based coal seam gas producer Arrow Energy Ltd. by Royal Dutch Shell PLC and PetroChina. Arrow shareholders had overwhelmingly supported the all-cash proposal during an extraordinary general meeting on July

Fri, 2010-07-30 20:03

Shell's earnings almost doubled in the second quarter of 2010 after the completion of a corporate restructuring programme. The company's net profit rose to $4.5bn, up from $2

Fri, 2010-07-30 18:53

SHELL has refused to rule out pursuing damages claims against BP and other companies involved in the Gulf of Mexico disaster. The company took a $US56 million ($A62.2 million) hit

Fri, 2010-07-30 15:04

Environmental approval for Shell’s Prelude floating liquefaction project in Australia has been deferred for a third time. The deadline for the decision had previously been delayed twice from the original target of April

Fri, 2010-07-30 15:04

Royal Dutch Shell has made $3.5 billion (2.3bn) savings through an accelerated business overhaul, driven by process standardisation, operational simplification and job cuts. The oil company, which could lose out after

Fri, 2010-07-30 13:42

56 billion in the second quarter, its best result since the last three months of 2008. Royal Dutch Shell Group posted a 15 percent gain in net income. A day earlier, ConocoPhillips said net income nearly tripled in the April-June period. Chevron Corp.

Fri, 2010-07-30 11:03

HOUSTON - Exxon Mobil Corp. and Royal Dutch Shell PLC reported strong growth in production yesterday after years of largely falling output, helping to send second-quarter profits soaring

Fri, 2010-07-30 10:43

Shell left rival BP floundering in its wake as it unveiled a strong 35 per cent rise in second quarter profits and said it would offload about £5bn in assets

Fri, 2010-07-30 08:25

savings" but said its radical restructuring programme had come to an end earlier than planned. Mr Voser said Shell's deepwater drilling programme should continue, despite concerns about the industry's capability to cope with an oil spill a mile under the

Fri, 2010-07-30 07:54

SHELL CERTAIN IT CAN RIDE OUT GULF STORM Shell boss Peter Voser says profits have nearly doubled Friday July 30,2010 By Andrew Johnson ROYAL Dutch Shell yesterday expressed confidence in

Fri, 2010-07-30 07:51

Shell Malaysia Trading Sdn Bhd has signed a long-term sub-lease agreement with Westports Malaysia Sdn Bhd at Port Klang for storing, supplying and distributing petroleum products. The 14-year agreement enables Shell

Fri, 2010-07-30 07:01

already had to rule themselves out of hearing the cases because of conflicts of interest. Meanwhile, Royal Dutch Shell refused to rule out suing its rival for causing the deepwater drilling ban that has cost it $56m so far. Five of Shell's rigs have been

Fri, 2010-07-30 06:41

KUALA LUMPUR, July 29 (Bernama) -- Shell Malaysia Trading Sdn Bhd has signed a long-term sub-lease agreement with Westports Malaysia Sdn Bhd at Port Klang for storing, supplying and distributing petroleum products. The 14-year agreement enables Shell

Fri, 2010-07-30 06:20

Australia's federal environment department said it had deferred a ruling on Shell's untested floating liquefied natural gas, (FLNG) as the ministry is in caretaker mode ahead of the 21 August election.Federal Environment Minister Peter Garrett had been

Fri, 2010-07-30 06:11

LONDON: Royal Dutch Shell Plc said second-quarter current cost of supply (CCS) net income jumped 94% to US$4.53bil, thanks to a strong operating environment and a speedy restructuring of the group. Europe?s largest

Fri, 2010-07-30 05:52

Aberdeen-based PSN has won a major deal with oil giant Shell for decommissioning work in the Brent field of the North Sea. The £200m contract involves decommissioning the Brent platforms and is scheduled to begin late next year. The deal is