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“This oil is ours, it belongs to the people, not Petrobras or Shell…”

July 9 (Bloomberg) -- Brazilian PresidentLuiz Inacio Lula da Silva may boost the government's stake in oil fields after the largest discovery in the Americas since 1976 prompted a review of rules for how petroleum deposits are developed.

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Taqa to buy Shell and Exxon oilfields

The company this week announced that it was buying six North Sea oil fields from Shell and Exxon, giving it 40,000 barrels of oil equivalent per day of production, and an estimated 160m boe of reserves.

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Shell shelves Sarnia sands refinery

Royal Dutch Shell won't be building a new 200,000 barrel per day refinery in Sarnia, Ontario to process oil from the Alberta tar sands. The company cited poor market conditions and surging costs, according to Reuters . In other words, a company with its own guaranteed source of raw material isn't building a greenfield refinery close to both the source of raw material and markets. Instead, Shell will...

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UPDATE 1-Shell scraps plans for new Canadian refinery

CALGARY, Alberta, July 8 (Reuters) - Royal Dutch Shell Plc (RDSa.L:Quote, Profile, Research) has canceled plans to build a new multibillion-dollar refinery near Sarnia, Ontario, due to poor market conditions and surging costs, the oil major said on Tuesday.

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Shell may process oil sands crude at US refineries

Shell may process oil sands crude at US refineries Tue Jul 8, 2008 1:59pm EDT CALGARY, Alberta, July 8 (Reuters) - Royal Dutch Shell Plc (RDSa.L: Quote , Profile , Research , Stock Buzz ) may process tar-like crude from its Canadian oil sands holdings at some of its U.S.…

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Shell, Valero Unfazed So Far By Mexico Oil Export Slump

Royal Dutch Shell Plc (RDSA) is receiving Mexican crude oil at or above levels stipulated in its contract with Petroleos Mexicanos, or Pemex, at its Deer Park, Texas, refinery, Shell said in an email Monday. Shell spokesman Destin Singleton said the refinery also receives crude from other sources.

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Shell says it can squeeze 10 more years from Ursa

Water is being pumped from the Ursa rig in the Ursa-Mars basin, about 100 miles off the U.S. coast, to flush out oil from the Ursa and Princess fields, Shell said in a statement posted on its Web site today.

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BP, Royal Dutch Shell lead oil sector lower on crude prices

The oil sector declined in London Tuesday as crude oil prices dropped sharply, helping send the FTSE 100 1.31 percent lower to 5,440.5 while the FTSE 250 dropped 1.66 percent to 8,480.1 Among oil producers, BP (LSE: BP; NYSE: BP; TYO: 5051) was down 3.4 percent while Royal Dutch Shell (LSE: RDSA, RDSB; NYSE: RDS.A, RDS.B) [...]

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Shell’s future scenarios – Staring into energy’s black hole

Shell’s “energy scenarios” see fossil fuels remaining a huge part of the energy mix to 2050. But are they realistic? And if Shell is right, what does it mean for the planet’s future?

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Shell backs EU carbon proposal

Royal Dutch Shell Plc, Europe's largest oil company, backs a plan by European Union lawmakers to offer carbon dioxide allowances worth $28 billion for carbon capture and storage projects.

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Shell CEO Jeroen van der Veer doesn’t expect oil supplies to run short

EXTRACTS FROM BLOOMBERG ARTICLES PUBLISHED 7 JULY 2008 Royal Dutch Shell Plc (RDSA NA): Chief Executive Officer Jeroen van der Veer doesn’t expect oil supplies to run short, even in the long-term, Swiss newspaper Finanz und Wirtschaft reported, citing an interview. Separately, Europe’s largest oil…

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Challenge to unlock North Sea oil reserves

A high oil price can make exploration more economical but some major players in the industry, including Royal Dutch Shell, are withdrawing from the North Sea because all the easy-to-find crude has been extracted.

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Abu Dhabi set to exploit gas from Shah field

Royal Dutch Shell and Occidental had been viewed as frontrunners during the long negotiations but ConocoPhillips said this year that it expected to be "working" on the project.

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Polar bear harassment by oil companies challenged

About 2,000 of the 25,000 polar bears in the Arctic live in and around the Chukchi Sea, where the government in February auctioned off oil leases to Shell Oil Co., ConocoPhillips Co., and five other companies for $2.6 billion. Over objections from environmentalists and some members of Congress, the sale occurred before the bear was classified as threatened in May.