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Royal Dutch Shell PLC

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  • HOUSTON, Jan 25- In five days of negotiations for a new three-year contract covering hourly workers at 63 U.S. refineries, the United Steelworkers union has sent only messages of frustration to its members. Twitter messages on Friday and Saturday said one industry offer had been rejected and the talks with lead industry negotiator Royal Dutch Shell Plc were...

  • HOUSTON, Jan 24- With just a week of bargaining left until the national contract for U.S. refinery workers expires, the United Steelworkers union said talks with oil company representatives for a new pact were going slow, according to a Twitter message sent to members. A spokesman for Royal Dutch Shell Plc, the lead negotiator for U.S. refinery owners, confirmed...

  • HOUSTON, Jan 24- With just a week of bargaining left until the national contract for U.S. refinery workers expires, the United Steelworkers union said talks with oil company representatives for a new agreement were going slow, according to a message sent to members via Twitter. The current agreement expires at 12:01 a.m. local time on Feb. 1.

  • Oil majors seek to claw back costs from service firms Thursday, 22 Jan 2015 | 10:30 AM ET

    While keen to avoid accusations of ganging up to force terms on suppliers, they are exploring measures that are likely to put further pressure on services companies such as Schlumberger and Halliburton, which have already cut thousands of jobs as business shrinks. In 2000 s, when we became rich, we became less cost-efficient, "said Claudio Descalzi, chief...

  • India, U.S. near tax pact to boost foreign investment Thursday, 22 Jan 2015 | 6:02 AM ET

    MUMBAI, Jan 22- India is set to strike a bilateral tax agreement with the United States as early as this weekend, hoping to boost foreign investment and ease concerns raised by bruising disputes including cases against Vodafone and Shell. President Barack Obama' s visit to India, which begins on Sunday. Transfer pricing, or the value at which multinational...

  • Jan 21- Motiva Enterprises confirmed on Wednesday that maintenance activities had begun at its Port Arthur, Texas, refinery. The 600,250 barrel-per-day refinery, the largest in the United States, informed its neighbors about the scheduled work during the next several weeks, according to a message on a community information phone line on Wednesday.

  • Jan 21- Motiva Enterprises confirmed on Wednesday that maintenance activities had begun at its Port Arthur, Texas, refinery. The 600,250 barrel-per-day refinery, the largest in the United States, informed its neighbors about the scheduled work during the next several weeks, according to a message on a community information phone line on Wednesday.

  • Judge overturns New Mexico county's drilling ban Tuesday, 20 Jan 2015 | 1:11 PM ET

    ALBUQUERQUE, N.M.— A federal judge has overturned a New Mexico county's ban on oil and natural gas drilling that was the first of its kind when it was enacted nearly two years ago. A Royal Dutch Shell PLC subsidiary challenged the ordinance in court, contending it effectively destroyed the value of the company's $1 million in drilling leases.

  • Europe ends sharply higher; Swiss stocks slide Thursday, 15 Jan 2015 | 11:30 AM ET

    European equities rallied after a volatile session of trade on Thursday to close sharply higher, following action from the Swiss National Bank.

  • LONDON, Jan 15- Oil majors BP and ConocoPhillips will cut over 500 jobs in the North Sea following similar moves by rivals to reduce costs in one of the world's most expensive exploration areas as oil prices tumble. BP employs 4,000 people in the North Sea and another 11,000 across the UK. Fellow North Sea oil producer ConocoPhillips is cutting 230 jobs in Britain,...

  • UPDATE 1-BP to cut North Sea jobs as oil price plummets Thursday, 15 Jan 2015 | 4:59 AM ET

    LONDON, Jan 15- BP will cut hundreds of jobs in the North Sea to reduce costs in one of the world's most expensive exploration areas as oil prices fall. The BBC quoted sources as saying staff cuts would be announced later on Thursday in the Scottish city of Aberdeen. Fellow North Sea oil producer ConocoPhillips is also cutting 230 jobs in Britain, with its UK...

  • Big Oil cuts back as analysts slash forecasts Thursday, 15 Jan 2015 | 4:54 AM ET

    The ongoing rout in oil markets is putting high-profile industry names on the back foot.

  • Conoco seeks U.S. guidance on light oil exports -CEO Wednesday, 14 Jan 2015 | 5:54 PM ET

    WASHINGTON, Jan 14- ConocoPhillips has asked the U.S. Commerce Department for guidance on whether it can ship its minimally treated light oil abroad, though the company does not believe it makes sense to export it now, the company's CEO said on Wednesday. The Bureau of Industry and Security at the commerce department said on Dec. 30 that it had given permission for...

  • Europe shares sink on mounting worries over global growth Wednesday, 14 Jan 2015 | 10:33 AM ET

    PARIS, Jan 14- European shares sank on Wednesday, knocked down by worries over the pace of global growth fueled by grim U.S. retail sales data and as the World Bank cut its forecast for growth. Shares in mining giants tumbled, with Glencore down 10.5 percent and hitting a record low, and Anglo American falling 9.6 percent, while copper prices tumbled 6 percent as...

  • HOUSTON, Jan 13- Royal Dutch Shell Plc said on Tuesday it received U.S. approval to export a very light form of crude oil that has undergone minimal processing. Shell had been working with the U.S. Department of Commerce's Bureau of Industry and Security on how to ship lightly processed condensate overseas without violating a decades-old crude export ban, the...

  • HOUSTON, Jan 13- Royal Dutch Shell Plc said on Tuesday it received U.S. approval to export a very light form of crude oil that has undergone minimal processing. Shell had been working with the U.S. Department of Commerce's Bureau of Industry and Security on how to ship lightly processed condensate overseas without violating a decades-old crude export ban, the...

  • Oil traders to store millions of barrels at sea Tuesday, 13 Jan 2015 | 6:24 PM ET
    Oil tanker at the Port of Long Beach, Calif.

    Some of the world's biggest oil traders have booked supertankers to store at least 25 million barrels at sea, to take advantage of lower prices.

  • CALGARY, Alberta, Jan 13- Canada's largest oil and gas company Suncor Energy Inc said on Tuesday it would cut about 1,000 employees and contractors, freeze hiring and slash C $1 billion in capital spending in response to falling crude oil prices. Suncor said it would also defer some capital projects that have not yet been sanctioned, such as MacKay River 2 in...

  • Retail fuels Europe rally; DAX ends sharply up Tuesday, 13 Jan 2015 | 11:31 AM ET

    European equities closed sharply higher on Tuesday, with a surge in retail stocks helping to boost investor sentiment.

  • European shares inch up, led by Metro Tuesday, 13 Jan 2015 | 4:15 AM ET

    PARIS, Jan 13- European stocks inched up in early trade on Tuesday, with Germany's Metro rallying after the retailer reported strong Christmas sales at some of its core units. Total was down 1.9 percent and Royal Dutch Shell down 1.5 percent as Brent futures tumbled to $45.43 a barrel, down 4.2 percent despite China reporting record crude imports.