Post Tagged with: "Royal Dutch Shell"

Source: Reuters

U.S. OKs start of seventh unit at Kinder Morgan Georgia Elba LNG export plant

Reuters


U.S. energy regulators on Friday approved Kinder Morgan Inc’s request to put the seventh liquefaction train at its nearly $2 billion Elba Island liquefied natural gas (LNG) export plant in Georgia into service.

Kinder Morgan said Train 8 was …

July 17, 2020 - 1:30 pm Closing Bell Story‎, Energy News, LNG
Shell invests in new Nigeria LNG processing unit

Shell invests in new Nigeria LNG processing unit

BIC


Oil & Gas Publishers Note: On a side note, there appears to be a trend to energy investors; invest in companies with ESG plans, diversify into natural gas, and move investing to outside the U.S.

Shell Gas B.V., a …

Source: CNBC

Oil major Shell slashes dividend for the first time since World War II

CNBC


Oil giant Royal Dutch Shell on Thursday cut its dividend to shareholders for the first time since World War II, following a dramatic slide in oil prices amid the coronavirus crisis.

The board at Shell said it had decided

Shell to provide an additional opportunity for shareholder engagement ahead of its Annual General Meeting

Shell to provide an additional opportunity for shareholder engagement ahead of its Annual General Meeting

The Board of Royal Dutch Shell plc (“Shell”) will host a live audio webcast for shareholders on Wednesday May 13, 2020 at 12:00 BST / 13:00 CEST. This event is scheduled ahead of the deadline of May 15, 2020 for …

Royal Dutch Shell reskills workers in artificial intelligence as part of huge energy transition

Royal Dutch Shell reskills workers in artificial intelligence as part of huge energy transition

CNBC


Working at Royal Dutch Shell’s Deepwater division in New Orleans gives Barbara Waelde a front-row seat to how the right data can unlock crucial information for the oil giant. So when her supervisor asked her last year if …

April 3, 2020 - 1:30 pm Closing Bell Story‎, Energy News, Technology
Source: Houston Chronicle

Exxon, Shell face uphill legal battle over soured Nigerian deal

Houston Chronicle


Oil majors including Exxon Mobil Corp. and Royal Dutch Shell Plc are facing uphill battles to convince U.S. courts to enforce multi-billion dollar arbitration awards they secured against Nigeria’s state oil company.

The companies accused the Nigerian National …

Source: Reuters

Guyana government launches search for company to market its crude

Reuters


Guyana’s government on Wednesday launched a search for a company to market its share of crude produced at the offshore Liza well, where an Exxon Mobil Corp-led consortium began producing oil in December.

The government is entitled to a …

February 26, 2020 - 2:00 pm Closing Bell Story‎, Crude Oil News, Energy News, International
Source: Reuters

More parties pulled at London oil week due to coronavirus

Reuters


LONDON  – The list of parties at London’s International Petroleum Week, one of the world’s biggest oil industry gatherings, continues to shrink as hosts such as ExxonMobil and Azerbaijan’s SOCAR cancel events due to the coronavirus outbreak, trading sources …

February 19, 2020 - 2:30 pm Closing Bell Story‎, Crude Oil News, Energy News, International
Source: Reuters

Argentina’s energy bust spawns ‘ghost town’ in prized Vaca Muerta

Reuters


AÑELO, Argentina  – Just weeks into his young administration, Argentina’s new president convened a meeting with executives from Chevron Corp (CVX.N), Royal Dutch Shell PLC (RDSa.L) and other oil companies in a bid to smooth …

February 19, 2020 - 12:00 pm Closing Bell Story‎, Crude Oil News, Energy News, International
Total beats quarterly forecasts despite low oil price, raises payout

Total beats quarterly forecasts despite low oil price, raises payout

Reuters


ABERDEEN, Scotland – Total (TOTF.PA) beat forecasts on Thursday by keeping net adjusted fourth-quarter profit steady at $3.2 billion despite low oil prices and fulfilled a pledge to boost dividends, lifting the French energy firm’s shares.

The …

Source: Reuters

Church of England pension fund shifts $789 million to climate index

Reuters


LONDON – The Church of England’s pension fund has shifted 600 million pounds ($789 million) into a new equity index that invests in companies deemed to be making progress towards the targets of the Paris climate agreement.

The index, …

Source: CNBC

Shell shares sink as full-year net profit tumbles 23% on lower oil and gas prices

CNBC


Oil giant Royal Dutch Shell reported a sharp fall in full-year net profit on Thursday, citing challenging macroeconomic conditions and lower oil and gas prices.

Net income attributable to shareholders on a current cost of supplies (CCS) basis and …

Source: Reuters

Shell reins in share buybacks after profit halves

Reuters


LONDON – Royal Dutch Shell is reining in its vast $25 billion share buyback programme after lower oil and natural gas prices halved its profit in the last three months of 2019 and sent its shares to their lowest …

Source: Houston Chronicle

Shell brings fuel to Mexico in push for 15% of retail market

Houston Chronicle


Royal Dutch Shell Plc is seeking a bigger share of Mexico’s fuel market, even as regulatory changes make it harder for foreign companies to compete.

The Anglo-Dutch oil major, which already owns about 200 gasoline stations in 12 …

January 9, 2020 - 3:45 pm Closing Bell Story‎, Crude Oil News, Downstream, Energy News
Source: CNBC

Shell share price dips after warning Q4 income will be hit by impairment charges

CNBC


Shares of Royal Dutch Shell dipped 0.7% in trade Friday after the firm announced that it will book additional charges against its income in the fourth quarter.

 

The Anglo-Dutch energy giant said it expects to log a fourth-quarter …

December 20, 2019 - 12:00 pm Closing Bell Story‎, Crude Oil News, Energy News, International
Source: Reuters

Shell writes down up to $2.3 billion on weaker economic outlook

Reuters


Royal Dutch Shell (RDSa.L) said on Friday it expected to write down up to $2.3 billion in the fourth quarter, the latest major energy company forced to shrink estimates for sector values due to a weaker economic …

Source: Reuters

Exxon, Chevron face new round of shareholder climate resolutions

Reuters


LONDON (Reuters) – An activist group is increasing the pressure on five big U.S. and European oil companies with shareholder resolutions urging them to meet the Paris climate goals and cut carbon emissions.

Dutch group Follow This is targeting …

December 16, 2019 - 2:00 pm Closing Bell Story‎, Energy News, ESG, International
Source: Reuters

Factbox: IMO 2020 – a major shake-up for oil and shipping

Reuters


Tougher rules on sulphur emissions from ships will come into effect next year in the biggest shake-up for the oil and shipping industries for decades.

IMO 2020

From January 2020, United Nations shipping agency the International Maritime Organization (IMO) …

December 13, 2019 - 1:00 pm Closing Bell Story‎, Energy News, Regulatory
Source: Houston Chronicle

Drilling Down: Shell drills on state-owned lands in Permian Basin

Houston Chronicle


European oil major Royal Dutch Shell filed for six horizontal drilling permits with the Railroad Commission of Texas for projects on five leases split between Winkler and Loving counties in the Permian Basin.

Half of those wells target …

Source: Houston Chronicle

Baker Hughes enters three-way deal to boost AI in the oil field

Houston Chronicle


Houston oilfield service company Baker Hughes has entered into a three-way agreement and partnership to boost the adoption of artificial intelligence technology in the oil and natural gas industry.

Baker Hughes, tech giant Microsoft and Silicon Valley artificial …

November 19, 2019 - 3:00 pm Closing Bell Story‎, Oil and Gas 360 Articles, Technology
Source: Reuters

Shell to buy French floating wind farm specialist

Source: Reuters


LONDON (Reuters) – Royal Dutch Shell is buying French renewable power company EOLFI as part of its plans to ramp up the oil major’s electricity business.

EOLFI has largely focused on solar and wind projects, including offshore wind …

Big Oil, investors face returns reckoning amid darkening economy

Big Oil, investors face returns reckoning amid darkening economy

Source: Reuters


LONDON (Reuters) – Darkening clouds over the global economy have led two of the world’s top oil firms to warn investors that promised growth in returns could be at risk for the first time since the 2014 oil …

Source: Reuters

Shell warns slowing global economy could hit $25 billion buyback timetable

Source: Reuters


LONDON (Reuters) – Royal Dutch Shell warned on Thursday that uncertain economic conditions could slow its $25 billion share buyback program, the world’s largest, after its third-quarter profits easily beat expectations on strong oil and gas trading.

The …

Former Exxon Mobil CEO and former U.S. Secretary of State Rex Tillerson arrives at New York State Supreme Court as an Exxon witness to testify as part of a trial in a lawsuit by New York's attorney general accusing the oil company of misleading investors about the risks of climate change regulations to its business in Manhattan, New York, U.S., October 30, 2019. REUTERS/Mike Segar

Former Exxon chief Rex Tillerson to testify in climate change fraud trial

Reuters


Former Exxon Mobil Corp Chief Executive Rex Tillerson is expected to take the stand on Wednesday in a closely watched civil lawsuit accusing the company of hiding the true cost of climate change from investors.

The case in Manhattan …

Source/Toby Melville

Somalia says Shell, Exxon agree to pay $1.7 million for oil blocks lease

Reuters


MOGADISHU (Reuters) – Royal Dutch Shell and Exxon Mobil have paid $1.7 million to Somalia to lease offshore blocks for 30 years, the country’s state news agency reported on Friday.

“Shell/Exxon Mobil have paid $1.7 million to Somalia as …

Canada’s Largest Oil Producer Joins Opposition to Enbridge Pipeline Plan

Canada’s Largest Oil Producer Joins Opposition to Enbridge Pipeline Plan

From Reuters


Canadian Natural Resources Ltd, the country’s biggest oil producer, has joined a number of other firms asking Canada’s energy regulator to intervene in Enbridge Inc’s plan to overhaul shipping contracts on its Mainline pipeline network.

Canadian Natural’s letter …

An Oryx Midstream facility (source: Oryx Midstream Services)

Qatar May be Losing the Top Spot as World’s Biggest LNG Exporter

From CNBC


Qatar will lose its title as the world’s largest exporter of liquefied natural gas (LNG) within the next year, as Australia ramps up production on a slew of multi-billion dollar export projects.

“Australia and Qatar continued to jostle …

Chevron Starts Burying CO2 off Australia at Huge Gorgon Storage Project

Chevron Starts Burying CO2 off Australia at Huge Gorgon Storage Project

From Reuters


Chevron Corp (CVX.N) said on Thursday it has launched one of the world’s largest carbon capture and storage projects, injecting CO2 into a deep reservoir under an island off Western Australia at its Gorgon LNG project.

The carbon …

Saudi Aramco Valuation Gap Persists as IPO Talks Resume – Sources

Saudi Aramco Valuation Gap Persists as IPO Talks Resume – Sources

From Reuters


Saudi Crown Prince Mohammed Bin Salman is insisting on a $2 trillion valuation of oil firm Aramco, even though some bankers and company insiders say the kingdom should trim its target to around $1.5 trillion, industry and banking …

Source: Ithaca Energy Limited

Exxon Mobil Profit Sinks, Chevron Rises as Both Boost Output

From Reuters


Weaker second-quarter refining and chemicals profits offset surging U.S. shale production at U.S. oil majors Exxon Mobil Corp (XOM.N) and Chevron Corp (CVX.N), the two reported on Friday.

Exxon’s topped analysts’ reduced estimates for the quarter but net …