Mining Weekly reported that oil company Shell wants to sell its Geelong refinery as part of its global strategy to focus on large-scale sites.
Articles Tagged "shell"
Bloomberg reported that Exxon Mobil Corp wants to acquire oil blocks in Brazil and will join 70 other companies including Royal Dutch Shell, BHP Billiton, and Mitsui for an oil block auction scheduled in mid-May.
Bloomberg reported that OAO Rosneft’s $55 billion takeover of TNK-BP will make it bigger than Exxon Mobil, as the Soviet-era wells allow it to pump almost 5% of the world’s oil.
Reuters reported that Royal Dutch Shell said it suffered financial losses trading Iranian crude in 2012 just before a EU embargo took place. The company revealed it still owes Iran $2.3B for oil purchases.
Bloomberg reported that oil thieves that attacked Nigeria’s oil companies have returned and sabotaged pipelines, causing oil companies such as Royal Dutch Shell Plc to declare force majeures and robbing them of at least a tenth of their daily production.
Bloomberg reported that Royal Dutch Shell Plc’s Mutiu Sunmono said Nigeria needs a balanced law for the oil industry which could benefit its government and investors.
Reuters reported that the oil outages in Nigeria have affected its reputation as a reliable energy supplier and large oil companies such as Exxon have warned customers of supply disruptions in the country’s largest oil stream, Qua Iboe.
Bloomberg reported that the Royal Dutch Shell Plc’s oil production in Brazil dropped 35% in December at 48,499 barrels per day, compared to the previous year.
Bloomberg reported that the United States Interior Department will review the oil and gas exploration in the Arctic waters in Alaska, a move that was prompted by the mishaps that took place in the Royal Dutch Shell Plc (LON:RDSA) drilling rig recently.
Colombia awarded new oil and natural gas blocks today as the fastest-growing major oil producer in Latin America looks to commence offshore exploration and join the global shale boom.