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Iraq's Cabinet will meet next week to ratify a deal with a consortium led by Italy's Eni SpA to develop a prized southern oil field, the prime minister said Tuesday.
Royal Dutch Shell PLC, Europe's largest oil company, reported Thursday a 62 percent fall in profit for the third quarter due to lower oil prices, and said it plans to cut 5,000 jobs to cope with continuing weakness in the global economy.
The Justice Department has launched an investigation into whether former Interior Secretary Gale A. Norton illegally used her position to steer lucrative oil leases to Royal Dutch Shell PLC, the company she works for now, officials with both departments confirmed to The Associated Press.
Oil giants Exxon Mobil and Royal Dutch Shell on Thursday added to the industry's worst midyear showing in years, stung by slumping global energy demand that threatens to further slow exploration and production.
Royal Dutch Shell PLC said Thursday its net profit fell 67 percent in the second quarter to $3.82 billion, reflecting a sharp decline in oil prices and smaller profit margins in its refining business.
Nigeria's main militant group says its has destroyed a recently repaired Chevron oil pipeline.
Militants in Nigeria say they have attacked two pipelines belonging to oil giant Royal Dutch Shell.
Royal Dutch Shell agreed to a $15.5 million settlement Monday to end a lawsuit alleging that the oil giant was complicit in the executions of activist Ken Saro-Wiwa and other civilians by Nigeria's former military regime.
Royal Dutch Shell is preparing for a federal trial this summer where it would face allegations that it played a role in the executions of activist Ken Saro-Wiwa and other civilians by Nigeria's former military regime.
Royal Dutch Shell PLC on Wednesday unveiled a major overhaul of its businesses and management that will affect thousands of jobs, part of a shake up ordered by the incoming chief executive.
Jordan and Royal Dutch Shell PLC signed a concessionary agreement Sunday to explore for oil in the country's vast oil shale deposits.
Europe's largest oil company, Royal Dutch Shell PLC, on Wednesday reported a 62 percent drop in first-quarter net profit as oil prices fell sharply amid a global economic downturn.
Two Russian oil workers who were kidnapped two months ago have escaped from their captors and been picked up by the military after a harrowing five-day ordeal, an army spokesman said Thursday.
The list of the world's biggest oil companies stung by crude's swift collapse grew by two on Tuesday, as BP PLC and Marathon Oil Corp. both reported fourth-quarter losses to end a dismal earnings period for major producers.
Royal Dutch Shell PLC, Europe's largest oil company, said Thursday it swung to a net loss of $2.81 billion in the fourth quarter, hurt by the sharp fall in oil prices and writedowns on inventory.
Oil and gas exploration and production company BPZ Resources Inc. has ended talks with Royal Dutch Shell PLC about jointly developing properties in northwest Peru, and signed a seven-year, $1.3 billion crude oil sales contract with PetroPeru.
Greece's Competition Commission says it has fined the local units of oil giants BP PLC and Royal Dutch Shell PLC a total of nearly euro50 million ($64 million) for allegedly cooperating on pricing practices.
An Iraqi lawmaker on Tuesday accused the Oil Ministry of a lack of transparency when it signed a preliminary deal with Royal Dutch Shell PLC on a no-bid basis to tap natural gas in southern Iraq.
Royal Dutch Shell PLC and PetroChina have signed an agreement for China to buy up to 40 million tons of liquefied natural gas over 20 years, Shell said Tuesday.
Turkey's state-run gas company Botas and Royal Dutch Shell PLC signed a preliminary agreement on Thursday for natural gas exploration and marketing in Iraq.
An environmentalist group and four Nigerians filed suit against Royal Dutch Shell PLC in the Netherlands on Friday, claiming the company was negligent in cleaning up oil spills in Nigeria.
Royal Dutch Shell PLC, Europe's largest oil company, Thursday reported a 22 percent jump in net profit for the third quarter, despite a fall in production, thanks to high oil prices and gains from the sale of operations.
Victims of the Nigerian government's violent 1990s-era crackdown on residents of oil-rich lands where Royal Dutch Shell had drilling operations may finally reach their goal to challenge the deaths and injuries in a U.S. court.
Iraq and Royal Dutch Shell PLC signed a deal to establish a joint venture that will tap natural gas in southern Iraq, the government said Monday.
Oil Industry To Face Crimes Against Humanity Charges In NYCFourteen years after the execution of the Nigerian author and activist Ken Saro-Wiwa by Nigeria's former military regime, Royal Dutch Shell will appear before a federal court in New York to answer charges of crimes against humanity in connection with his death.
Late Nigerian activist's son to see Shell in courtKen Saro-Wiwa Jr. has been fighting for more than 13 years to make his late father's prediction come true.
Energy Opportunities: Major Oil Companies Are Circling Iraq With stability returning, Oil Minister al-Shahristani has big plans to make his country the fourth-largest oil producer.
In secret agreement, Shell nets 25-year monopoly on S. Iraq's gasRoyal Dutch Shell oil company and the Iraqi Oil Ministry have struck a secret, as-of-yet non-binding agreement that gives a monopoly over southern Iraq's natural gas to the energy giant.
Shell Secures 25-year Access to Iraq's Oil, GasEXCLUSIVE: A joint venture between Royal Dutch Shell and Iraq's state-owned South Gas Co. could give Shell a 25-year monopoly on production and exports of natural gas in much of southern Iraq - the biggest foreign role in Iraq's oil and gas sector in four decades.
British Chancellor demands cheaper petrol as Shell posts record profits Alistair Darling today called on oil companies to pass on lower costs to consumers by cutting petrol prices as Royal Dutch Shell posted a 71% rise in profits.
Will congress continue to think we're simple fools who disregard the world around us? The time for them to be 'in the way' is long gone and we need them on the same team to help support, not hinder, the very companies they are targeting now as scapegoats for painful but ultimatel …
Big Oil shares hurt as state-owned energy companies seize reservesInvestors in Exxon Mobil Corp., Royal Dutch Shell and BP are losing money, even though oil prices are hitting records, as they cede control of production to state-owned energy companies.
Niger Delta: Nowhere to hideMilitants in Nigeria's southern delta have destroyed the myth that offshore oilfields are safe by attacking, last week, Royal Dutch Shell Plc's Bonga field, which lies some 120 kilometers into Atlantic waters.
Exxon is Poised To Make More Money In This Fiscal Year Than Sweden (Yes, The Country)Earnings from Royal Dutch Shell and BP today just about guarantee that ExxonMobil is going to report some truly gaudy first-quarter revenue and profits on Thursday.
Philippine Nationalism Issues: the Hypocrites, Treason in Spratly's & US-Anglo Malampaya Deals, FPJ, Catholic Church & the Katipunan Fact is, corruption exposés had been raised since "Day One" of the Gloria [Arroyo[ power-grab in 2001... The public should not get waylaid into accepting fraudulent groups and leaders of the "civil society" as people with consciences...
Big Oil Starts to Scenarize About Climate ChangePart of an interesting letter from Royal Dutch Shell CEO Jeroen van der Veer:
Oil Demand, the Climate and the Energy LadderEnergy demand is expected to grow in coming decades. Jeroen van der Veer, 60, Royal Dutch Shell's chief executive, recently offered his views on the energy challenge facing the world and the challenge posed by global warming.
Jorma Ollila named vice-chair of EU's group of "wise men"EU leaders on Friday named Jorma Ollila, the chairman of Finnish mobile phone maker Nokia and Anglo-Dutch oil giant Royal Dutch Shell, one of the two vice-chairs of the bloc's new group of "wise men".
Oil prices lose ground near mid-US$71 a barrel amid Nigeria worriesSINGAPORE: Oil prices fell back in Asia Friday, giving up more than half its gains in the previous session fueled by renewed violence and kidnappings in Nigeria, Africa's biggest oil producer.
'UK girl, 3, snatched in Nigeria' - Yahoo! News UKKidnappers snatched the three-year-old British daughter of an expatriate worker as she was being taken to school in Nigeria's restive southern oil region, police said.
Shell shelves oil-shale application to refine its researchFrom the article: The front-runner energy company in the effort to unlock oil shale in northwest Colorado has slowed down its research by withdrawing an application for a state mining permit.
Protesters quit Nigerian pipeline | NEWS.com.au BusinessPROTESTERS ended a six-day occupation of an oil pipeline hub in Nigeria overnight, saying Royal Dutch Shell was free to resume pumping 170,000 barrels per day (bpd) blocked by the protest.
Can Royal Dutch Shell's Shale Extraction Technique End 'Peak Oil' Paranoia?engineers at Royal Dutch Shell (RDS.A) have applied for a patent on a new method of extracting shale oil cheaply and cleanly. (As an interesting side note, it is the largest patent application in U.S. history.) Amazingly, this method:
Risks of rising oil nationalismGovernments may focus much of their oil wealth on other priorities, causing oil-field efficiency and investment to suffer. It's hard to shed a tear for Big Oil.
A Practical Use for Waste MethaneA direct method of converting methane into useful chemical compounds could reduce the release of the potent greenhouse gas at isolated oil fields.
Record Profit for Exxon and ShellOil prices have fallen, but Exxon Mobil and Royal Dutch Shell left their smaller competitors in the dust and reported record annual profits Thursday.
Shell ordered to pay damages for polluting NigeriaA Nigerian court said on Friday Royal Dutch Shell should pay $US1.5 billion ($2.029 billion) in damages for pollution in oil-producing Bayelsa state, the latest instalment in a long-running case.
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