BP can keep reduced spending level for another three Years, says Dudley
BP can keep spending at a reduced rate of about $17 billion for another three years without affecting growth, chief executive Bob Dudley said.
Shell
Oil majors look to shed refineries as crude prices rebound
Oil majors Chevron and Shell are putting small refineries on the auction block as they look to trim lower-margin assets in the face of headwinds from rising crude oil prices.
Shell and Gazprom to invest $13billion in Russian projects
Shell and Russia's gas major Gazprom will jointly invest $13 billion in three projects in Russia.
Tech firm shrugs off loss of deal with Shell
A technology company that started as a spin-out from Aberdeen University yesterday revealed a widening of half year losses after losing a major contract with Shell.
50-year-old Australia oil fields spurned in age of cheap crude
They’re among the oldest oil fields in Australia still in production. Now they are proving superfluous to some of the world’s biggest producers that are purging high-cost assets to weather crude’s collapse.
Shell faces long haul to knock Exxon from top spot
Shell chief executive Ben Van Beurden spelled out his main goal last week - surpass Exxon Mobil to become the best-performing oil major.
Essar Power in talks with shell, GAIL for LNG to restart plants
Essar Power Ltd. is seeking liquefied natural gas to supply two power plants in western India after a global glut cut prices for the fuel by two-thirds since September 2014.
Shell, Total look to expand terminals and power plants in new markets
Oil majors Shell and Total are said to be considering building terminals and power plants in new markets.
Shell gas director says world isn’t oversupplied with LNG yet
For months, banks including Citigroup Inc. have talked about a massive oversupply in the global market for liquefied natural gas. The head of natural gas at Royal Dutch Shell Plc, one of the world’s biggest producers of the fuel, would beg to differ.
Energy world’s newest supership misses the boat on LNG pricing
It’s longer than three soccer fields, heavier than two aircraft carriers and powerful enough to chill gas into liquid colder than the surface of Jupiter.
Shell makes $4bn North Sea investment pledge
Royal Dutch Shell said its spending plans will include a cash injection of around $4billion dollars for the North Sea.
Shell to end sponsorship of Houston Open next year
Oil major Shell is to end its sponsorship of the Houston Open after next year.
Shell follows Total in buying Iranian crude after sanctions end
Royal Dutch Shell Plc is set to ship a cargo of Iranian crude to Europe next month, becoming the second major oil company in the region after Total SA to resume oil trade after some sanctions on the Persian nation’s nuclear program were lifted in January.
Shell donates Arctic permits to Canadian federal government
Shell has donated its Arctic energy exploration permits to the Nature Conservancy of Canada following its controversial exit from the region last year.
Opinion: Shell rolls out cost-cutting measures following BG merger
Royal Dutch Shell has unveiled steeper cost-cutting measures for the business after the recent deal to acquire BG saw debt levels rise to 26% of the global oil giant’s total capital.
Opinion: Shell discovers capital discipline. But will it last?
Shell is learning not to waste a crisis. The Anglo-Dutch oil major is pulling on every lever to deal with the consequences of agreeing a takeover of rival BG Group just before the oil price collapsed last year. Shareholders can only hope that the zeal it now shows for running a tight ship will endure once the company is on a surer footing.
Shell surges amid flat FTSE 100 performance
Royal Dutch Shell was in the ascendency after investors cheered on plans to trim investment and cut costs in the face of lower oil prices.
Shell makes final investment decision on Pennsylvania petrochemicals complex
Shell said it has made a Final Investment Decision (FID) to build a major petrochemicals complex in Pennsylvania.
Shell will dispose of “less resilient assets” but sees future in the North Sea
Shell boss Ben Van Beurden said the company was fully focused on being the world's number one oil and gas company.
Shell’s exit from up to 10 countries can only be “good thing” says expert
Oil major Shell's move to leave as many as 10 countries can only be a "good thing" according to a leading professor of strategy.
Shell seeks to slash spending amid lower oil prices
Shell is to dramatically scale down investment and look for more cost savings as it attempts to adapt to a lower oil price environment.
Shell in portfolio reshuffle, caps investment and targets up to 10 country exits
Shell's chief executive Ben van Beurden this morning confirmed a host of strategies aimed at curbing Shell's spending and strengthening its financial position, including targeting up to 10 country exits.
Report suggests Shell may be about to reveal more cost-cutting
Oil giant Shell may be about to announce further cost cutting and a possible delay to its plans to offload assets, a report said yesterday.
Even for the oil majors, the North Sea remains a hard sell
When it comes to the North Sea, there is no such thing as an easy sale, even for oil giants Shell and BP.
Shell hit with notice from Norwegian safety body for Draugen
The Norwegian Petroleum Safety Authority (PSA) has given Shell a number of improvement notices after an audit was carried out on the management of the oil major’s working environment on the Draugen field.