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Royal Dutch Shell PLC

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  • 2 people chained to Shell ship north of Seattle Saturday, 23 May 2015 | 2:36 AM ET

    Eric Ross of the Backbone Campaign said on Saturday morning that Matt Fuller joined student activist Chiara Rose in suspending themselves from the anchor chain of the Arctic Challenger, which is in Bellingham Bay. The Coast Guard cutter Osprey spent the night monitoring Rose but took no action, Petty Officer 3rd Class Katelyn Shearer said Saturday morning.

  • WASHINGTON, May 22- A group of 18 mostly Democratic U.S. senators on Friday urged the Obama administration to stop Royal Dutch Shell's preparations for oil exploration in the Arctic, saying the region has a severely limited capacity to respond to accidents. The appeal was spearheaded by Senator Jeff Merkley of Oregon and the letter was signed by other liberals,...

  • AXA axes 500 mln euros of coal investments Friday, 22 May 2015 | 11:43 AM ET

    PARIS, May 22- French insurer AXA said on Friday it was cutting its exposure to the coal industry, pulling out of investments worth 500 million euros. Bank of America said earlier this month it was cutting back its lending to the coal industry, while French bank Societe Generale said it was restricting its exposure to the sector. However oil major Royal Dutch...

  • HOUSTON, May 21- A judge on Thursday denied Royal Dutch Shell's appeal of a ruling that a proposed oil-by-rail project at its Washington state refinery must undergo a full environmental review, just two weeks after a crude train derailment caused a fire in North Dakota. Shell had appealed a February ruling from a Skagit County Office of Land Use Hearings...

  • BUENOS AIRES, May 21- Weatherford Drilling International expects to win contracts in the next two or three months to deploy rigs to Argentina where foreign energy majors are exploring one of the world's largest shale resources, a senior company official said on Thursday. "Over the next five to 10 years, we see only upside in Argentina." Weatherford Drilling...

  • LONDON, May 21- Royal Dutch Shell Chief Executive Ben van Beurden on Thursday slammed as a "red herring" calls for investors to divest from energy companies as part of the fight against climate change. Large investors, including faith groups, university endowments and public pension funds have all in recent months backed fossil fuel divestments ahead of the U.N....

  • BUENOS AIRES, May 19- Labor disputes are on the rise in Argentina and costing foreign energy companies millions of dollars as they explore the country's vast but barely-tapped Vaca Muerta shale oil and gas field, company officials said. Trade Unions are a powerful force in Argentina, Latin America's No. 3 economy, where the frequency of industrial disputes are a...

  • SEATTLE— Seattle officials told Secretary of State John Kerry he'd be better off avoiding the city to deliver a major trade speech because of ongoing protests over Arctic drilling that have drawn hundreds of activists on land and sea. Port of Seattle spokesman Peter McGraw said State Department staffers had been looking at Seattle locations for Kerry to...

  • Shell vows to explore Arctic despite Seattle protests Tuesday, 19 May 2015 | 9:48 AM ET

    LONDON, May 19- Royal Dutch Shell will press on with a campaign to explore the Arctic for oil this summer despite protests in the port city of Seattle, chief executive officer Ben van Beurden said on Tuesday. Hundreds of environmental activists have fanned out across the Seattle Bay in recent days to disrupt the Anglo-Dutch company's rigs from entering the port...

  • SEATTLE— Neither a protest by hundreds of demonstrators nor a permit violation notice from the city will halt Royal Dutch Shell's use of a Seattle seaport terminal as it prepares for exploratory oil drilling in the Arctic Ocean, spokesmen say. "It remains our view that the terms agreed upon by Shell, Foss and the Port of Seattle for use of Terminal 5 are valid, and...

  • *ConocoPhillips CEO says more mega-mergers unlikely. Still, there is unlikely to be a wave of mega mergers like Royal Dutch Shell's buyout of BG Group for $70 billion, which Shell itself has said left it cash-strapped and only able to pursue much smaller deals. "There is less need for mega mergers because of unconventional resources which require a small amount of...

  • --Clyde Russell is a Reuters columnist. The $70 billion buyout of BG Plc by larger rival Royal Dutch Shell is generally viewed by investors and analysts as the first big deal in a likely series of major mergers and acquisitions in the resource sector. Ryan Lance, the chief executive of ConocoPhillips, was adamant that he didn't expect a "big M&A wave any time soon."

  • SEATTLE, May 18- About 200 protesters gathered at the Port of Seattle on Monday to block access to a Royal Dutch Shell drilling rig headed for the Arctic this summer to resume exploration for oil and gas reserves. Holding signs reading "Shell No" and "Seattle Loves the Arctic," protesters gathered early to prevent workers from reaching the rig, one of two that Shell...

  • *Baghdad delays oil contract negotiations as prices rally. DUBAI, May 18- BP has cut its development budget for Iraq's giant Rumaila oilfield by $1 billion this year after the government warned a slump in crude prices and its battle against Islamic State was making it difficult to pay oil companies. The British oil major has agreed with Baghdad to reduce its 2015...

  • SEATTLE— Foes of Royal Dutch Shell's use of a Seattle seaport terminal to prepare for exploratory oil drilling in the Arctic Ocean attacked on two fronts Monday as a few hundred protesters blocked port entrances and the City of Seattle declared that Shell and its maritime host lacked a proper permit. "It remains our view that the terms agreed upon by Shell, Foss...

  • SEATTLE, May 16- Hundreds of activists in kayaks and small boats fanned out on a Seattle bay on Saturday to protest plans by Royal Dutch Shell to resume oil exploration in the Arctic and keep two of its drilling rigs stored in the city's port. Environmental groups have vowed to disrupt the Anglo-Dutch oil company's efforts to use the Seattle as a home base as it...

  • SEATTLE— Hundreds of activists decked out in neoprene wetsuits and life jackets took to the waters of Elliott Bay on Saturday in kayaks, canoes, paddleboards and other vessels to send the message that Royal Dutch Shell should cancel its plan to drill in the Arctic Ocean. The "Paddle in Seattle"— a daylong, family friendly festival in a West Seattle park and an...

  • CAMP DAVID, Maryland— President Barack Obama says experts have concluded that Royal Dutch Shell has developed strong safeguards to undertake offshore oil exploration in Arctic waters. Obama says his administration delayed Shell's application for exploratory drilling in the Chukchi Sea northwest of Alaska until it could provide necessary assurances.

  • *FTSE 100 down 0.1 pct, in line with Europe. LONDON, May 14- Britain's blue-chip FTSE 100 index edged down on Thursday- broadly in line with European shares, hit by a persistent bond-market sell-off- after a mixed bag of corporate earnings and weaker commodity prices. "U.S. and UK stocks appear to be preferred versus German stocks for now, mainly because any increases in...

  • What's at stake: The debate over Arctic drilling Thursday, 14 May 2015 | 3:18 AM ET

    ANCHORAGE, Alaska— Royal Dutch Shell is planning to park two massive Arctic oil drilling rigs in Seattle's waterfront before they head north— but the petrochemical giant will first have to get around protesters in kayaks and others who want to thwart the new frontier in oil exploration and spark a national debate about fossil fuels and climate change.