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Royal Dutch Shell PLC

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  • SAN FRANCISCO, June 2- Several environmental groups sued the United States on Tuesday to derail Royal Dutch Shell PLC's plan to drill in the Arctic Ocean as soon as July. The Bureau of Ocean Energy Management, an agency within the U.S. Department of the Interior, gave conditional approval in May to Shell's resumption of fossil fuel exploration in the Arctic, which...

  • SAN FRANCISCO, June 2- Several environmental groups sued the United States on Tuesday to derail Royal Dutch Shell PLC's plan to drill in the Arctic Ocean as soon as July. The Bureau of Ocean Energy Management, an agency within the U.S. Department of the Interior, gave conditional approval in May to Shell's resumption of fossil fuel exploration in the Arctic, which...

  • LONDON/ BONN, June 2- A global carbon emissions pricing system pushed by top energy companies is unlikely to be a big part of any United Nations' deal to curb global warming, some experts say, because many countries have little faith in such cross-border initiatives. "All countries are relatively skeptical on international market mechanisms," said Niklas Hoehne,...

  • The joint declaration issued by six European oil and gas majors was cautiously embraced by the United Nations, which will host negotiations this December in Paris aimed at designing a plan to cut the fossil fuel emissions that scientists blame for rising temperatures. Total SA, Statoil, BP Plc, Royal Dutch Shell Plc, Eni and BG Group Plc called for "decisive action"...

  • OSLO, June 1- France suggested on Monday that world leaders should attend only the start of a summit on climate change in Paris in six months, hoping to avoid a repeat of the last failed attempt in 2009 when they came at the end and left empty-handed. Foreign Minister Laurent Fabius also said France hoped to agree some elements of a U.N. climate deal by October, weeks...

  • LONDON, June 1- Europe's top oil and gas companies urged governments around the world to introduce a pricing system for carbon emissions, as governments meet in Bonn, Germany, on Monday to work on a U.N. deal to fight climate change. Criticized for not doing enough to tackle climate change, the chief executives of BG Group, BP, Eni, Royal Dutch Shell, Statoil and France's...

  • HOUSTON, May 27- Shareholders of the top two U.S. oil companies on Wednesday rejected proposals to add directors with climate change expertise to their boards, but a measure passed at one, Chevron Corp, could give new power to minority investors with environmental concerns. Proposals to add an independent director with expertise in climate change received the...

  • HOUSTON, May 27- Progressive shareholders are pushing to add directors with climate change expertise to the boards of Exxon Mobil Corp and Chevron Corp, arguing the largest U.S. oil companies need more depth of knowledge to navigate environmental issues. In January, Europe's Royal Dutch Shell Plc backed a measure from activist investors asking it to be more...

  • The next fracking boom could be in Saudi Arabia Tuesday, 26 May 2015 | 12:25 PM ET
    Workers at an oil facility near Riyadh, Saudi Arabia.

    Technology made the US oil shale boom. New technology may allow oil giants Saudi Arabia and Norway to become the next fracking boomers.

  • AMSTERDAM, May 26- In handing out lucrative public procurement contracts, Qatar is likely to favor countries whose airports grant take-off and landing slots to state-owned Qatar Airways, its chief executive said on Tuesday. While he later stressed that he had no direct influence over public procurement decisions, he said Qatar offered rich pickings for...

  • LONDON, May 24- For Rivka Micklewaite and fellow students, securing a pledge this week from Oxford University to avoid direct investments in companies producing coal or tar sands is just the beginning. The second-year engineering student from Balliol College is not alone. Norway's $900 billion sovereign wealth fund and the Church of England are among recent...

  • LONDON, May 24- For Rivka Micklewaite and fellow students, securing a pledge this week from Oxford University to avoid direct investments in companies producing coal or tar sands is just the beginning. The second-year engineering student from Balliol College is not alone. Norway's $900 billion sovereign wealth fund and the Church of England are among recent...

  • 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...

  • 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...

  • *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...