Royal Dutch Shell Chief Executive Officer Peter Voser commented: “We are moving forward in volatile times. Our profits have fallen with energy prices, but our growth strategy is delivering to the bottom line. Shell’s second ...
Tags: Royal Dutch Shell, 2012 Results
Shell’s three-year strategic plan, outlined in 2010, is building the foundations for profitable growth for shareholders in the future. We are improving near-term competitive performance, and delivering a new wave of production growth. ...
Tags: Royal Dutch Shell, oil sands
The Board of Royal Dutch Shell plc (Shell) has taken the final investment decision on the Prelude Floating Liquefied Natural Gas (FLNG) Project in Australia (100% Shell), building the world’s first FLNG facility. Moored far out to ...
Iran unveiled its hotly anticipated new petroleum contracts to dozens of international oil companies in Tehran Saturday, and the first set of new tenders could be released by late January, a senior Iranian oil official said. The two-day ...
Tags: Oil, LNG, Iran Petroleum
BP announced its financial results for the second quarter of 2014. Underlying replacement cost profit for the quarter of 2014 was $3.6 billion, 34% higher than the $2.7 billion reported for the same period in 2013 and 13% higher than the ...
Tags: oil production, gas production
Rosneft estimates that crude production from its East Siberian and Russian Far Eastern projects will amount to 55 million mt/year, or 1.1 million b/d, by 2025, a spokesman at Rosneft said Friday. To achieve this, the company plans to ...
Tags: Rosneft, Crude Output
AMEC, the international engineering and project management company, has been awarded a renewed contract by the Kuwait Oil Company (KOC) to provide Project Management Consultancy services for a portfolio of major upstream projects in ...
Tags: AMEC, renewed contract, Kuwait Oil Company
MRC Global Inc. (NYSE: MRC) announced today that its subsidiary, McJunkin Red Man Corporation, has been awarded a five year global framework agreement with BP International Ltd. to supply pipes, fittings and flanges (PFF) for BP's Global ...
Tags: Upstream Projects, Mineral
As a result of renewed focus and restructuring over the past few years, BP now will direct as much as 75-80% of its capital expenditures to upstream projects over the next decade, BP's chief executive of upstream said Monday. The world ...
BP has a portfolio of 45 major upstream projects that it wants to focus on to 2020, company CEO Bob Dudley said Thursday, following the company's unprecedented $38 billion asset sell-off program in the wake of the Macondo oil spill in 2010. ...
Tags: BP, CEO Dudley
Japan and India will discuss the demand and supply of LNG, its pricing mechanism as well as latest trends among consumers' procurements of LNG at low prices over Tuesday-Wednesday in Tokyo, a Japanese government source said Monday. The ...
BP announced its financial results for the fourth quarter and full year of 2012. Underlying replacement cost profit, adjusted for non-operating items and fair value accounting effects, was $4.0 billion for the fourth quarter, compared to ...
Tags: BP, financial results, fourth quarter
BP announced its financial results for the third quarter of 2012,reporting underlying replacement cost profit,adjusted for non-operating items and fair value accounting effects,of$5.2 billion.It also announced an increase in its quarterly ...
Tags: BP, financial results
BP has appointed the current head of its US operations, Lamar McKay, to oversee the company's existing upstream oil and gas divisions, which were created in the wake of the 2010 Gulf of Mexico oil spill, the company said Friday. McKay, ...
Tags: upstream chief, oil spill, offshore spill