Oman, the leading Persian Gulf oil producer outside OPEC, pumped 6.6% more crude in the first six months compared with a year earlier as Royal Dutch Shell PLC’s local venture boosted output. For full story, click here
Nigerian rebels declared that they have destroyed a “major” crude oil pipeline in Bayelsa state-owned by Royal Dutch Shell, Europe’s leading oil company. For full story, click here
Royal Dutch Shell Plc., Europe’s leading oil producer, is confident Brazil will establish rules that will attract exploration and production investments to the country’s so-called pre-salt area. For full story, click here
It was a stock that people loved to hate. During the first half of 2008, investors cringed when they saw rallies in the price of oil. As crude surged to $150 a barrel last year, equity investors bemoaned the hit, and worried and gossiped about the outlook for consumer-oriented firms which would need to spend more on gas. Then the tide turned.
Royal Dutch Shell Plc is all set to shutdown its Capline crude oil pipeline system today because of dwindling supplies from fields, as Hurricane Gustav approaches, the company reported in a statement. Shell was quoted as saying: As part of our planning, we have prepared systems that are closing to enable a timely restart following [...]
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