Shell’s Bruce Culpepper, EVP of HR, Unconventional Resources and Regional Coordination, will Replace Odum as U.S. Country Chair and President of Shell Oil Company Royal Dutch Shell (ticker: RDS.A; Shell.com) has announced that after a 34-year career with the company, Unconventional Resources Director and U.S. Country Chair, Marvin Odum, will leave Shell at the end of March. Since joining Shell as
Shell exits Abu Dhabi due to project economics Royal Dutch Shell (ticker: RDSA) announced today that the company will not continue the joint development of the Bab sour gas reservoirs with Abu Dhabi National Oil Company (ADNOC). According to a press release put out by Shell today, the company concluded “the development of the project does not fit with the
New laws allow for exploration and hydraulic fracturing under national parks The United Kingdom’s Oil and Gas Authority awarded 93 new licenses to explore for oil and gas last week. Around 75% of those exploration licenses relate to shale oil and gas, which will likely require companies to use hydraulic fracturing to produce. The areas covered by the licenses include
We grow to simplify In Shell’s (Ticker: RDSA) management day meeting Nov. 3, 2015, the executive team discussed the current state of the oil and gas industry, commodity prices, the BG acquisition and Shell’s plans upcoming. Some comments from CEO Ben van Beurden on the call today appear below: “I’m determined that Shell will be at the forefront … and will
Iraq tells oil companies to submit conservative funding requests for 2016 A letter dated September 6, 2015, from the Iraq Oil Ministry was sent out to international oil companies operating inside the country notifying them that they should plan to lower spending in 2016, reports The Wall Street Journal. Iraq is struggling to support its energy sector as it feels
Former self-described “radical environmental activist” Dr. Patrick Moore tells Oil & Gas 360® why he left Greenpeace: Teaching kids that humans are bad and that we are the enemies of the earth is an extremely self-defeating and scientifically incorrect concept The climate change movement is fueled by fear and fundraising Oil & Gas 360® interviewed Dr. Patrick Moore about his time
Protestors in petroleum-based kayaks may be dominating headlines in Seattle, but Royal Dutch Shell’s (ticker: RDS.B) state of the art rig may help revitalize a prominent part of the U.S. energy sector that has been in decline for more than 20 years. Since 1991, Alaska’s crude production has slipped to 500 MBOPD from 1,800 MBOPD. The slide is expected to
Huge Expectations, Huge Investment “If you talk about 500 million barrels, I don’t think that will cut it. It must be a multi-multi-billion barrel discovery that we have there.” After investing six years and $6 billion of its development capital, Royal Dutch Shell (ticker: RDS.A) is suddenly within earshot of obtaining final approval to begin offshore exploration for oil and
Largest combination since the $80 billion Exxon+Mobil deal in 1998 Royal Dutch Shell (ticker: RDS.B) announced the recommended takeover of BG Group (ticker: BG) in a 75-page release issued on April 7, 2015. The cash-and-share purchase valued at roughly $70 billion – the largest proposed oil and gas deal since Exxon’s (ticker: XOM) $80 billion acquisition of Mobil in 1998.
On Wednesday, December 17, Egypt’s Ministry of Petroleum announced that Egypt’s state oil company (EGPC), Houston based Apache Corp. (ticker: APA) and Shell Egypt (ticker: RDSA) have entered into an agreement for the production of unconventional gas using hydraulic fracturing in the Northeast Abuel Garadeek region of Egypt’s Western Desert, about 200km (124.27 miles) west of Cairo. According to the
