Tag: Royal Dutch Shell PLC

• Tuesday, November 15th 2016 - 11:07 UTC

  Shell planning to invest US$ 10bn in Brazil's deep water production

  

  Oil major Shell is planning to continue investing heavily in Brazil as part of a bid to double its global deep water production by the early 2020s. Shell plans to invest US$10 billion over the next five years, Wael Sawan, the company’s executive vice president for deep water, said in an interview this week.

• Monday, October 19th 2015 - 10:02 UTC

  US imposes new curbs on Arctic waters oil and gas exploration

  

  The US government has announced new curbs on oil and gas exploration in Arctic waters off Alaska's northern coast. It comes after oil giant Royal Dutch Shell last month stopped its Arctic activity citing “disappointing” tests.

• Monday, September 28th 2015 - 10:57 UTC

  Shell stops Arctic oil exploration following 'disappointing' results

  

  Royal Dutch Shell has stopped Arctic oil and gas exploration off the coast of Alaska after “disappointing” results from a key well in the Chukchi Sea. In a surprise announcement, the company said it would end exploration off Alaska “for the foreseeable future”.

• Wednesday, August 26th 2015 - 06:00 UTC

  Shell given a foothold at Argentina's vast shale resources in Neuquén

  

  Anglo-Dutch energy giant Shell made a stride forward in its push for part of Argentina’s nascent shale oil pie after the Neuquen province government gave it the rights to exploit two unconventional oil areas in the much-coveted Vaca Muerta region for the next 35 years.

• Friday, July 24th 2015 - 00:07 UTC

  Shell allowed to drill in Alaska's Arctic, once the required emergency equipment arrives

  

  The U.S. Interior Department on Wednesday granted Royal Dutch Shell two final permits to explore for crude in the Arctic this summer, but said the company cannot drill into the oil zone until required emergency equipment arrives in the region.

• Saturday, June 6th 2015 - 09:39 UTC

  Environmental groups lobbying to derail Shell drilling for oil in the Arctic

  

  Environmental groups and organizations are lobbying to derail Royal Dutch Shell PLC's plan to drill in the Arctic Ocean as soon as July. The Bureau of Ocean Energy Management, an agency within the U.S. Department of the Interior, gave conditional approval in May to Shell's resumption of fossil fuel exploration in the Arctic, which was paused after a mishap-filled 2012 season.

• Monday, April 27th 2015 - 10:14 UTC

  Shell confident Petrobras will recover and willing to purchase more assets from the Brazil oil giant

  

  Royal Dutch Shell Plc has taken into account the risks presented by the Petrobras graft scandal to its expanding operations in Brazil and is confident the Brazilian state-run oil company will emerge stronger, Shell's CEO said in an interview.

• Friday, October 31st 2014 - 06:28 UTC

  Petrobras consortium find high-quality oil at the Libra area, off Rio do Janeiro

  

  The Petrobras-led Libra consortium has said that the first extension well in the Libra area, known as 3-BRSA-1255-RJS (3-RJS-731), has proven the discovery of high-quality oil in the northwest portion of the structure.

• Friday, January 31st 2014 - 06:29 UTC

  Bad times for Shell: suspends drilling offshore Alaska and profits plunge

  

  Royal Dutch Shell will suspend drilling in offshore Alaska following an adverse US court decision and as the oil major streamlines operations because of a slump in annual profits, the company said on Thursday.

• Thursday, October 31st 2013 - 04:05 UTC

  Shell aggressively quickening offshore oil exploration pace in Uruguay

  

  Oil exploration in Uruguay picked up strongly with the arrival of Anglo-Dutch Shell which took over Brazil's Petrobras participation in two offshore blocs according to the country's oil company Ancap Exploration and Production manager Hector de Santa Ana.