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Shell CEO Faces Long Haul In Bid To Pass Exxon As Top Oil Major

June 15, 2016

Royal Dutch Shell Plc Chief Executive Officer Ben Van Beurden spelled out his main goal last week — surpass Exxon Mobil Corp. to become the best-performing oil major. “I am determined to get us to that number one place,” he said after outlining the company’s long-term strategy in London. “I want to create a world… Continue Reading »

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Shell Resumes Iranian Oil Purchases

June 9, 2016

Royal Dutch Shell has resumed purchases of Iranian crude, becoming the second major oil firm after Total to restart trade with Tehran after the lifting of sanctions, trading sources said and ship tracking data showed. Shell declined to comment. According to shipping data, Shell fixed Suezmax tanker Delta Hellas to bring 130,000 tonnes of Iranian… Continue Reading »

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Shell buys award-winning subsea pump technology

May 30, 2016

Sulzer and FMC Technologies have received a subsea multiphase boosting pump contract to upgrade one of the pumping modules in Shell’s Parque das Conchas, a deepwater oil field off the coast of Brazil. The pump modifications suit the specifics of the oil field with a high shut-in pressure of 517 bar (7 500 psi). They… Continue Reading »

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Shell CEO Warns Renewables Shift Could Spell End If Too Swift

May 26, 2016

Royal Dutch Shell cannot switch too quickly to producing renewable energy without risking its dividend payments and even its very existence, the oil and gas group’s chief executive warned. Major investors, including Dutch pension fund PGGM, have criticised Shell’s climate change policy in recent months, saying it should do more to mitigate climate change risks…. Continue Reading »

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Shell Faces Rising Investor Discontent Over Executive Pay

May 25, 2016

Investor discontent with Royal Dutch Shell over multi-million euro pay packages for its top executives rose sharply at this year’s annual shareholder meeting on Tuesday. Although Shell’s shareholders approved the oil and gas group’s remuneration report, including chief executive Ben van Beurden’s 5.14 million euros ($5.74 million) package, 14.17 percent of investors opposed it, up… Continue Reading »

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Shell Said to Start Talks With Buyers for North Sea Asset Sales

May 24, 2016

Royal Dutch Shell Plc is in talks with potential buyers for some North Sea assets, mostly fields it got this year as part of the record acquisition of BG Group Plc, according to people familiar with the matter. The Anglo-Dutch energy giant has been in talks with companies including privately held chemical producer Ineos Group… Continue Reading »

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Wood Group awarded contract across Shell’s North Sea offshore assets

May 8, 2016

Wood Group has been awarded a three year contract extending its support of Shell’s eight UKCS offshore assets. Wood Group PSN (WGPSN) will continue to deliver maintenance and construction services to the Shearwater, Gannet, Nelson, Curlew, Brent Delta, Brent Alpha, Brent Bravo and Brent Charlie installations. In addition WGPSN will provide engineering modifications to the… Continue Reading »

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