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Royal Dutch Shell PLC

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  • MOSCOW, Nov 22- Moscow will seek new partners in countries that have not imposed sanctions on it if Western oil and gas companies pull out of projects with Russia, RIA news agency quoted Energy Minister Alexander Novak as saying on Saturday. The sanctions over Russia's role in the Ukraine crisis have targeted the delivery of oil technology, goods and services,...

  • Shell wins India tax case Tuesday, 18 Nov 2014 | 9:39 AM ET

    MUMBAI, Nov 18- The Bombay High Court on Tuesday ruled in favour of the Indian unit of Royal Dutch Shell Plc in a multi-million dollar tax dispute, the latest verdict against the tax department that has been vigorously pursing claims against foreign firms in India. A rash of high-value tax claims on foreign firms including IBM Corp and Nokia Oyj in the past year has...

  • Canadian crude imports likely to keep falling -NEB Thursday, 13 Nov 2014 | 4:44 PM ET

    Canada has the world's third-largest crude reserves behind Saudi Arabia and Venezuela, most of which are located in the oil sands in northern Alberta. The closure of Shell Canada's Montreal East refinery in Quebec, and Imperial Oil Ltd's refinery in Dartmouth, Nova Scotia, has also reduced demand for imported crude. NEB data showed that the U.S. shale boom has...

  • MEXICO CITY, Nov 11- Royal Dutch Shell, one of the world's largest oil companies, is most interested in new oil and gas projects in the deep waters of the Gulf of Mexico following a major sector opening finalized earlier this year, a top executive said on Tuesday. In the near term, Shell is eying potential deep water tie-ups with Mexican oil company Pemex in the Trion...

  • Big Oil cutbacks deal supply-chain pain Sunday, 9 Nov 2014 | 3:01 AM ET

    *Fugro stock down over 30 pct since scrapping dividend. LONDON/ PARIS, Nov 9- Belt-tightening by big energy majors faced with plunging oil prices is battering the finances and share prices of their suppliers, as investors reassess the sector's ability to keep gushing cash. Fugro, once seen as a blue-chip on Amsterdam's benchmark index, has had more than 30 percent...

  • This Feb. 5, 2008 photo shows shift supervisor Ojerinde Kanoru aboard the FPSO Bonga (Floating, Production, Storage and Offloading) facility 75 miles off the coast of Lagos, Nigeria.

    Oil production is at the highest in a decade in Nigeria, but the surge is not likely to last long.

  • CALGARY, Alberta, Nov 7- Royal Dutch Shell Plc, the lead partner in the consortium planning the LNG Canada facility on British Columbia's remote northern coast, said on Friday the project to liquefy natural gas for export to Asia could cost as much as C $40 billion when fully complete. Shell said it believes the facility will cost between C $25 billion and C $40...

  • Why another Beijing Olympics may not be far off Thursday, 6 Nov 2014 | 2:12 PM ET

    Economic troubles at the only remaining rival bidder for the 2022 Olympics have left an open path for Beijing to host again.

  • TOKYO, Nov 6- Australia's Woodside Petroleum is in talks with East Timor on building an onshore gas plant, potentially removing one of the major barriers to developing gas fields that could provide billions of dollars to one of the world's poorest countries. Another major obstacle is a dispute between East Timor and its wealthy neighbour Australia on sharing...

  • TOKYO, Nov 6- Australia's Woodside Petroleum and its partners are in talks with the East Timor government about potentially building an onshore liquefied natural gas plant in the country for the long stalled Greater Sunrise Project, Chief Executive Peter Coleman said on Thursday. East Timor, one of the world's poorest nations, has long pressed for an onshore...

  • UPDATE 1-Antero Midstream shares jump 23 pct in debut Wednesday, 5 Nov 2014 | 11:03 AM ET

    Nov 5- Shares of Antero Midstream Partners LP, a master limited partnership formed by Antero Resources Corp, rose as much as 23 percent in their debut, after what is the largest initial public offering by an MLP. Antero Midstream's IPO closely follows a stellar debut by Shell Midstream Partners LP, an MLP formed by Royal Dutch Shell Plc. Shell Midstream's shares had...

  • LONDON, Nov 4- European shares extended losses in late trading on Tuesday after Reuters reported that central bankers in the euro area planned to challenge European Central Bank chief Mario Draghi over his secretive management style. Markets have increasingly come to expect that disappointing economic numbers from Europe will eventually prompt the ECB to...

  • Europe closes lower; Oil majors under pressure Tuesday, 4 Nov 2014 | 11:42 AM ET

    European stock indexes accelerated losses to close lower on Tuesday, after seesawing during the trading session.

  • LONDON, Nov 4- European shares fell on Tuesday as the European Commission's move to cut its growth forecast for the euro zone prompted investors to trim their equity exposure and a sharp drop in oil prices tripped up energy shares. The STOXX Europe 600 Oil and Gas index fell 3.3 percent, the biggest sectoral decliner, tracking a drop in crude oil to a more than...

  • Oil majors: Is the four-year low priced in? Tuesday, 4 Nov 2014 | 9:33 AM ET

    The oil price plunge has not pushed energy shares to new lows, as much of the damage "has already been done" according to asset managers.

  • *Index cuts gains after European Commission forecasts. LONDON, Nov 4- European shares surrendered early gains on Tuesday after the European Commission cut its growth forecast for the euro zone and said the currency bloc will need another year to reach even a modest level of growth. "There is still nervousness in the market about the euro zone's economic outlook,"...

  • Positive earnings help European stocks bounce back Tuesday, 4 Nov 2014 | 4:32 AM ET

    *FTSEurofirst 300 up 0.3 pct, Euro STOXX 50 up 0.3 pct. PARIS, Nov 4- European stocks rose on Tuesday, trimming the previous session's losses as better-than-expected earnings helped offset recent worries over the pace of economic growth in Europe. "Earnings have been better than expected overall, and this is offsetting the bad macro data seen in Europe lately," said...

  • European companies defy gloomiest results forecasts Monday, 3 Nov 2014 | 12:41 PM ET

    LONDON, Nov 3- The European reporting season is not turning into the rout investors feared as many of the largest companies managed to navigate weak demand through cost cuts and innovation to deliver earnings in line with or ahead of downbeat forecasts. Of the fifth of companies in the European Stoxx 600 index that have reported so far, 60 percent have beaten...

  • LONDON, Oct 30- Chad Holliday, the former chairman of Bank of America and DuPont widely credited for his sustainable energy vision, will become the first American chairman at Royal Dutch Shell, an oil major with tense relations with green groups. An engineer by education, Holliday spent most of his career at DuPont, having joined the U.S. chemical giant in 1970 and...

  • LONDON, Oct 30- Royal Dutch Shell has outpaced peers with a forecast-beating rise in quarterly profit and said it would spend heavily next year on key projects, even as oil majors prepare to weather the full impact of a sharp drop in oil prices. Oil prices have slumped over the past four months by more than 20 percent to a four-year low near $85 a barrel due to slowing...