Royal Dutch Shell and Vitol, a global energy trading house, are stepping up their operations in the port of Fujairah to store Iraqi crude as production from the OPEC member rises, reported Reuters. In an attempt to av...
Shell’s Director of Global Upstream, Andrew Brown, confirmed that Royal Dutch Shell has resumed crude exports from the Forcados terminal in Nigeria’s restive Niger Delta following repairs after a militant attack...
Ivory Coast signed a partnership agreement to create a consortium headed by France’s Total to build a liquid natural gas (LNG) import terminal that could begin receiving gas shipments by mid-2018, Reuters report...
Royal Dutch Shell lifted its force majeure on Nigeria’s Bonny Light crude exports. The Nembe Creek Trunk Line was repaired and reopened, allowing Shell to resume exports, nearly a month after declaring force maj...
The Egyptian Ministry of Petroleum and Mineral Resources agreed with Royal Dutch Shell Petroleum Company to re-price gas produced in phase 9C from Burulus field to be the same pricing as 9B phase gas, ranging between ...
Tanzanian President, John Magufuli, gave orders to speed up long-delayed work on a planned liquefied natural gas (LNG) plant in the Lindi region and estimated to cost $30b, Reuters reported. Final investment decisions...
Oil giant Royal Dutch Shell plans to increase cost savings to $4.5b following its $54b acquisition last February of BG Group, which Chief Executive Officer, Ben van Beurden, said will make it the best oil company inve...
Royal Dutch Shell, the largest oil producing company in Nigeria, which has suffered series of attacks on its 48-inch Forcados export pipeline that links onshore storage tanks with an offshore port, has ruled out the r...
US energy giants Exxon Mobil and Chevron are among the 21 companies that have registered to bid for Mexico’s fourth phase of maiden offshore oil blocks auction –estimated to contain 4b boe in reserves– alongside...
Royal Dutch Shell will cut its spending by another 10% this year as it warned lower oil prices were continuing to affect its business. The company said it would reduce investment to $30b from a planned $33b, after com...