Shell Hopes to Restart Platform Production
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Royal Dutch/Shell Group of Cos.'s Nigerian subsidiary hopes to restart operations quickly at all oil platforms where output was cut off after demonstrations last month, a spokesman for the company said Friday.
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Oil major Royal Dutch Shell on Wednesday said it plans to merge its Dutch and U.K. companies, breaking close to a hundred year tradition as a dual Anglo-Dutch group.
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Royal Dutch/Shell is merging its Dutch and British holding companies as it seeks to address failings that led to a shock downgrade in proven oil reserves.
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By John Dobberstein, Tulsa World, Okla.  Feb. 6--A Louisiana company is reopening its plant in Tulsa to meet increasing demand for industrial piping and pipe systems.
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Royal Dutch/Shell announced plans to boost investment in exploration and production, making the replacement of its reserves a top priority as it seeks to restore battered investor confidence.
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Royal Dutch/Shell Group, the third- largest publicly traded oil company, plans to increase spending to $15 billion a year and drill more to replenish oil and gas reserves that had been overstated for years.
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The shake-up at Royal Dutch/Shell is the biggest upheaval in the history of the business, whose roots go back to 1833. In that year, a Victorian entrepreneur, Marcus Samuel, opened a small shop in London selling shells to natural history enthusiasts.
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Royal Dutch/Shell Group, the third largest publicly traded oil company, plans to raise spending to $15 billion a year, sell assets and cut costs in a bid to regain investor confidence after overstating oil reserves for six years.
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THE senior management of Royal Dutch/Shell is starting a whirlwind tour of shareholders and staff. They aim to boost morale and explain plans to unify the company ahead of the vote on the shake-up at next May&#39;s annual general meeting.
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AMSTERDAM - Anglo-Dutch energy giant Shell announced plans on Wednesday to invest USD 45 billion (EUR 37 billion) in oil and gas exploration in a bid to increase its reserves and restore investor confidence.
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OIL group Shell has pledged to invest $45bn (Â£25bn) and make major disposals in a shake-up of the business, following its reserves crisis earlier this year.
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The equipment maker hopes that new cable services will drive a recovery.
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Renewable energy will not provide the &quot;silver bullet&quot; that will fulfill the world&#39;s energy needs, and greater focus must be placed on energy efficiency, Shell&#39;s chief executive wrote in a comment piece published Monday.
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Troubled energy giant Royal Dutch/Shell, still reeling from the revelation that it massively overstated its proven reserves, is to recruit more than 1,000 new engineers in a bid to recover some credibility, a report said.
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ANGLO-Dutch oil group Royal Dutch Shell yesterday said it would invest $45bn over three years to boost reserves and production as it battles to shake off the scandal of its reserves over-booking.
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The Anglo-Dutch energy group Shell has reopened all its oil pumping stations shut down last month because of community unrest in southern Nigeria, a spokesman told AFP.
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Royal Dutch/Shell Group, Europe&#39;s second-largest oil company, will boost investment in its European oil and gas unit by $150 million to $1.