Shell Looks for Geelong Refinery Buyer
Oil – 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"
Exxon Bids for Brazil Oil Against BHP, Shell, Mitsui
Oil – 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.
Shell Earmarks $1 Billion for Chinese Shale Investment
Gas – Bloomberg reported that Shell plans to invest $1 billion in developing Chinese shale assets after winning a contract with China National Petroleum Corp.
Rosneft’s $55B TNK-BP Takeover Tops Exxon with 5% of World’s Crude in Soviet-Era Wells
Oil – 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.
Shell Suffers Iranian Oil Trade Losses, Owes $2.3B to Tehran
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.
Nigeria Oil Thieves Strike Again
Oil – 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.
Shell Sets Sights on Ophir Energy as Potential Takeover Target
Gas – Bloomberg reported that Ophir Energy Plc is becoming an attractive takeover target for Shell.
Nigeria Needs Balanced Oil Law: Shell
Oil – 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.
Nigeria Oil Outages Affect Supply Status
Oil – 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.
Shell’s Brazil Oil Production in December Plummets 35%
Oil – 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.
