Reuters reported that Royal Dutch Shell said it suffered financial losses trading Iranian crude in 2012 just before a EU embargo took place. The company revealed it still owes Iran $2.3B for oil purchases.
Articles Tagged "Royal Dutch Shell"
A brief overview of oil price developments, supply and demand and significant market movers.
Sydney Morning Herald reported that Royal Dutch Shell will not drill for oil in the Arctic seas this year, a decision that was widely expected following a series of major setbacks in 2012.
Royal Dutch Shell has confirmed a production-sharing contract to explore shale natural gas reserves in Ukraine in a deal worth approximately $10 billion.
A brief overview of gas price developments, supply and demand and significant market movers.
Royal Dutch Shell is aggressively expanding its gas operations as demand for the commodity continues to rise across regions such as Asia and Europe.
Quicksilver Resources Inc. (NYSE:KWK) announced that it has agreed to jointly develop 850,000 acres of oil and gas assets in Colorado's Sand Wash Basin with SWEPI LP, a subsidiary of Royal Dutch Shell plc (NYSE:RDS.A).
USA Today reported that Royal Dutch Shell plc (LSE:RDSA) began preliminary work on an exploratory oil and gas well in the Chukchi Sea off the coast of Alaska at 4:30 a.m. on September 10. Drilling has not taken place at this location for over 20 years.
Reuters reported that Hurricane Isaac, the first hurricane to touch down on the United States this year, has moved on, allowing major offshore oil drillers to bring staff back to oil platforms in the Gulf of Mexico.
Royal Dutch Shell, which plans to invest at least $1 billion a year in exploring, developing and producing shale gas in China, is just one major producer that believes major potential lies in the Middle Kingdom.