Shell to boost investment to replace missing barrels
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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 in restoring battered investor confidence.
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Royal Dutch Shell and Saudi Arabia's state oil company announced Friday they would go ahead with a $7 billion expansion of a jointly-owned Texas refinery that will make the plant one of the biggest in the world.
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Royal Dutch/Shell plans to end almost a century of tradition by merging its British and Dutch holding companies as it aims to restore investor confidence shaken by an oil reserves scandal.
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Japan's business confidence is improving and firms are set to boost investment in the coming months.
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Shell and other oil companies sought loans from the US reserve after Hurricane Ivan disrupted oil imports and production. While the added supply from the Strategic Petroleum Reserve
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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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LONDON (AP-CP) - Royal Dutch/Shell Group said today it will spend $45 billion (US) and sell up to $12 billion worth of assets to reinvigorate its underperforming oil and natural gas business.
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LONDON, England -- Royal Dutch/Shell plans to boost exploration and production in a bid to restore confidence in the scandal-hit oil giant.
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Oil giant Royal Dutch Shell reports record annual profits of Â£25.36bn (Â£12.94bn).
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Kuwait plans to spend some $30 billion  to $40 billion to upgrade its energy sector, and to increase  oil production capacity 60 percent to four million barrels per  day by 2020, top oil officials said in remarks published in  local newspapers on Sunday.
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Anglo-Dutch energy company Royal Dutch-Shell will boost capital spending to $15 billion a year during 2004-06 to build proven reserves.
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HOUSTON -- Exxon Mobil Corp., the world's largest publicly traded oil company, said Wednesday it plans to begin more than 20 new global projects in the next three years, investments expected to add 1 million oil-equivalent barrels a day to its volumes.
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The Royal Dutch/Shell Group of Cos. unveiled plans Thursday to merge its two holding companies after nearly a century apart, a response to a scandal over its downgrading of oil reserves. The company, which posted third-quarter profits double those of a year ago, also warned it might further reduce its proven oil reserves.
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By Bangkok Post, Thailand  Feb. 10--The petrochemical producer IRPC Plc will hire Shell Global  Solutions to review its capacity expansion plan to optimise investment,  according to IRPC president Piti Yimprasert.
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OIL giant Royal Dutch Shell, to be formed from the merger of Netherlands-based Royal Dutch and London-based Shell Transport &amp; Trading, is understood to be considering sharply-increased performance-related bonus packages for leading directors such as new
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British energy giant BP said that it planned to invest 3.0 billion dollars (2.36 billion euros) in its refinery in the US state of Indiana, in a move aimed at boosting motor fuel output.
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The Anglo-Dutch oil firm sets out to woo investors by explaining how it will boost its oil reserves at an analysts' briefing on Wednesday.