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Second Quarter and Half Year 2011 Results and Interim Dividend Announcement

Dec 10, 2016

Royal Dutch Shell Chief Executive Officer Peter Voser commented: “Our second quarter 2011 earnings were higher than year-ago levels, driven by increased energy prices and Shell’s operating performance. Shell reinvests its ...

Tags: Royal Dutch Shell, Shell

Shell Adds Third Major Discovery to The Norphlet Play in The Gulf of Mexico

Dec 8, 2016

Shell and the Norphlet play “The Rydberg discovery builds upon our leadership position in the Eastern Gulf of Mexico and its proximity to our other discoveries in the area make Rydberg particularly exciting.” said Marvin Odum, ...

Tags: Shell, Rydberg, discovery

ExxonMobil Asks Federal Court to Invalidate New York Attorney General's Subpoena

Oct 25, 2016

ExxonMobil today asked a federal court to invalidate a subpoena issued by New York Attorney General Eric Schneiderman, calling investigations by New York and Massachusetts biased attempts to further a political agenda for financial gain. ...

Tags: ExxonMobil

Capital Markets Day 2016: Re-Shaping Shell to Create a World Class Investment Case

Sep 28, 2016

Responding to the changing landscape by re-shaping Shell Setting out an agenda for 2020 and beyond: grow free cash flow per share and returns Taking action to manage the down-cycle: delivering on lower costs, lower and more ...

Tags: Capital Markets Day 2016, World Class Investment Case

China's Crude Oil Output Sees Sharp Drop

Sep 20, 2016

China's crude oil output fell 9.9 percent year on year in August, the biggest monthly drop since 2003 as refineries slashed production amid sluggish global oil prices, data from the National Bureau of Statistics showed Monday. Imports, on ...

Tags: crude oil, oil prices

Ford to Use Captured CO2 to Develop Foam and Plastic for Vehicles

May 19, 2016

Ford Motor is formulating and testing new foam and plastic components using carbon dioxide as feedstock. Researchers expect to see the new biomaterials in Ford production vehicles within five years. Formulated with up to 50 percent ...

Tags: Ford Motor, foam components, plastic components

China's Apparent Oil Demand Posts Fastest Growth

Feb 2, 2016

China's apparent oil demand in 2015 grew 5.8% year on year to 11.11 million b/d, the fastest pace since 2011, despite the country's economy growing at the slowest rate since 1990, Platts calculations based on recently released official data ...

Tags: oil demand, fuel oil

China Sets Floor for Retail Fuel Pricing

Jan 13, 2016

China will not cut its domestic retail fuel prices when international oil prices fall below 40 U.S. dollars a barrel, the country's economic planner said on Wednesday. Previously, China set a ceiling for domestic retail fuel prices, which ...

Tags: Retail Fuel Pricing, oil products

Total, Vitol, Trafigura Win Nigeria 2016 Crude Oil Term Contracts

Dec 18, 2015

France's oil giant Total and international trading firms Trafigura and Vitol were among 21 companies handed crude oil term lifting contracts for 2016 by state oil firm Nigerian National Petroleum Corp, NNPC said Thursday. "NNPC issued ...

Tags: Crude Oil, oil trading

Chinese Firm to Build Leading Steel Pipe Plant in Nigeria

Dec 17, 2015

Chinese steel pipe manufacturer, Jiangsu Yulong Group, on Wednesday held a groundbreaking ceremony for a large-scale factory in Nigeria's Lagos Lekki Free Trade Zone. The groundbreaking ceremony was attended by government officials, ...

Tags: steel pipe, Submerged Arc Welded Pipe, OCTG

Iran Expects Sanctions on Oil, Gas Sector to Be Lifted From Jan 2016: Official

Dec 2, 2015

Sanctions on Iran's oil and gas sector could be lifted in the first week of January, according to Amir Hossein Zamaninia, Iran's deputy oil minister for international affairs Saturday, as the country seeks an agreement with OPEC to ...

Tags: Oil, Gas, Iran's oil

Iran Unveils New Oil Contracts as It Seeks International Investment

Dec 2, 2015

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

RBOB Crack Surges After EPA Finalizes Renewable Fuels Mandate

Dec 2, 2015

The unveiling of final renewable fuel requirements for US refiners ignited a rally in gasoline futures Tuesday, helping support the rest of the oil complex. The front-month gasoline crack, basis ICE Brent, reached $13.61/b Tuesday, its ...

Tags: RBOB, gasoline, Renewable Fuels

Fossil Fuel Sector Seen Risking $2.2 Trillion on Stranded Assets

Nov 25, 2015

Fossil fuel companies risk wasting up to $2.2 trillion in the next decade by pursuing projects that could be uneconomic in the face of international action to limit climate change, UK-based financial think-tank Carbon Tracker Initiative ...

Tags: Fossil Fuel, natural gas, oil shale, oil sands

Canada's Alberta Unveils New Carbon Policy for Oil Sands Sector

Nov 24, 2015

Canada's Alberta province Sunday announced a new "climate leadership" plan that includes a cap on greenhouse gas emissions by oil sands producers as it moves to overhaul its image and kick start export opportunities. The cap on emissions ...

Tags: greenhouse gas, oil sands, oil

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