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Mwana Africa Plc Considers Halting DRC Diamond Exploration after BHP pulls out

Mwana Africa Plc has been hit by news that BHP Billiton, its joint venture partner working on diamond exploration in the Democratic Republic of Congo, is set to pull out of agreements between the two companies. Mwana said that BHP had given notice of its intention to withdraw from deals with SouthernEra Diamonds Inc and Gravity [...]

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The fool’s gold of carbon trading – Royal Dutch Shell plc .com

Carbon trading schemes originate from the Kyoto protocol on climate change agreed under the auspices of the United Nations in 1997. Governments adhering to Kyoto accept limits on the CO2 their countries can emit. To meet their pledges, ...

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China natural gas opportunity for Chevron, Total and Royal Dutch Shell

China's desire to boost natural-gas output and master advanced drilling technology has led it to open up a handful of onshore blocks to foreign partners, including Chevron Corp., Royal Dutch Shell PLC and Total.

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Shell, ExxonMobil, Chevron and Total SA in running for gas reserves partnership deal with Pertamina

Pertamina has short-listed Royal Dutch Shell Plc, Exxon Mobil Corp. and Total SA among the companies, LNG Intelligence reported in November.

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Shell, Anglo to Delay Australian CTL Project

Bloomberg. Royal Dutch Shell Plc and Anglo American Plc have delayed plans to develop a A$5 billion (US$3.2 billion) coal-to-liquids project in Australia, citing higher costs. (Earlier post.)

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Shell, Anglo Put A$5 Billion Coal-to-Liquids Project on Hold

By Angela Macdonald-Smith Dec. 2 (Bloomberg) — Royal Dutch Shell Plc and Anglo American Plc put on hold plans to develop a A$5 billion ($3.2 billion) coal-to-liquids project in Australia, citing a rise in capital spending estimates and “escalated” construction costs. The partners will extend studies into the proposed project rather than move forward with development, [...]

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Chevron Is Cleared Over Nigeria Killings

Still, corporate lawyers were able to breathe a sigh of relief that the jury returned an unequivocal victory for Chevron. But the Alien Tort Claims Act faces another test in coming months: Royal Dutch Shell PLC faces a similar suit in New York City next year over whether the company was complicit in any way for the 1995 death of Nigeria activist Ken Saro-Wiwa. The company has called the allegation...

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Chevron Case Weighs Extent of Overseas Liability

Early next year, Royal Dutch Shell PLC faces a similar case in New York federal court stemming from the 1995 death of Ken Saro-Wiwa, an activist in oil-rich coastal Nigeria critical of the oil industry's environmental impacts. Shell has denied to an oil-industry publication that it was complicit and called the allegation "false and without merit."

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OPEC Failure Foretells Steeper Decline 10 Years After $10 Oil

Producers such as Royal Dutch Shell Plc are cutting back plans to develop deposits like Canadian oil sands. Shell indefinitely postponed the second-phase expansion of its Athabasca project because of rising construction costs. Shell, based in The Hague, also delayed seeking regulatory approval for Carmon Creek. Higher cost plans require $80-a-barrel oil to be profitable, according to Merrill...

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Oil majors eye $5-billion ships to cut costs

... the LNG to tankers for shipping to lucrative Western and Asian markets.Anglo-Dutch oil major Royal Dutch Shell PLC is leading the charge but U.S. rivals Exxon Mobil and Chevron and Australia's Woodside are also eyeing Floating LNG or FLNG.Companies hope FLNG will be cheaper than building onshore liquefaction facilities, speed up the time it takes to bring fields on-stream, reduce projects'...

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Chevron’s Gorgon LNG Plant Cost May Fall, Barclays Capital Says

The Gorgon venture, which includes Exxon Mobil Corp. and Royal Dutch Shell Plc, has yet to get environmental approval for the delayed project and is also working to improve its profitability after a surge in construction costs.

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Shell stall plans amid slump in prices

Royal Dutch Shell PLC said yesterday that it has withdrawn an application to build its 100,000-barrel-a-day Carmon Creek oil sands project, near Peace River in northwest Alberta. The company will now seek to reduce the costs of development before it goes back to regulators.

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Greece: BP, Shell fined for competition breaches

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. BP Hellas was fined 30.06 million euros ($38.51...

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World business news briefs: Natural gas agreement

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. The deal stems from a conditional agreement by the two companies last year. Prices for the LNG and the amount of investment involved were not disclosed.

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Shell fined $25.19 million for price fixing

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.