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Shell’s $780 million dry hole dims outlook for Brazil oil

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(Bloomberg) Royal Dutch Shell Plc has just drilled a dry hole in Brazil’s premier offshore region, a sign state-controlled Petrobras may have already grabbed...

Shell’s US$22 billion write down ‘signals fundamental change’ – WoodMac

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Speaking after Shell announced impairments of up to US$22 billion to its portfolio, Angus Rodger, a director with Wood Mackenzie’s upstream research team, said,...

Shell evacuates foreign staff from Iraq’s Basra Gas project – executive

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(Reuters) – Shell has temporarily evacuated foreign staff, numbering around 60, from Iraq’s Basra Gas Company for security reasons and flew them out of...

Shell cuts dividends for the first time since World War II

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Oil major Royal Dutch Shell said on Thursday it will be cutting dividend to shareholders for the first time since World War II, following...

Oil price collapse pushes Shell to delay major O&G projects

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Royal Dutch Shell has postponed decisions on whether to go ahead with two large oil and gas developments in the Gulf of Mexico and...

Shell expects to book up to US$800 million in impairment charges...

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Based on changes to its oil price outlook for 2020, Anglo-Dutch oil major Shell said on Tuesday its post-tax impairment charges for the first...

Shell shares sink as full-year net profit tumbles 23% on lower...

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(CNBC) Oil giant Royal Dutch Shell reported a sharp fall in full-year net profit on Thursday, citing challenging macroeconomic conditions and lower oil and gas prices. Net...

Singapore jails tanker captain in Shell oil heist case

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(Reuters) - The captain of a Vietnamese oil tanker has been jailed for over five years in Singapore for his role in a scheme...

Total sells offshore block to Shell for $300 million

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Total said on Wednesday it has signed an agreement to sell its wholly owned subsidiary Total E&P Deep Offshore Borneo BV — which holds...

No choice but to invest in oil – Shell CEO says

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Royal Dutch Shell still sees abundant opportunity to make money from oil and gas in coming decades even as investors and governments increase pressure...