International Business News - RDSB http://www.ibtimes.com All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif Royal Dutch Shell PLC may invest up to US$300 million in oil and natural gas exploration in northern Peru, a company official said Thursday, a decade after the Anglo-Dutch company suspended gas exploration operations here. http://www.ibtimes.com/articles/20080717/shell-may-invest-300-million-in-peru.htm Thu, 17 Jul 2008 16:59:20 EDT The Iraqi government will limit no-bid contracts being negotiated with several major oil companies to one year to avoid overlap with longer-term deals expected to be signed next June, a senior Oil Ministry official said Thursday. http://www.ibtimes.com/articles/20080717/iraq-1-year-limit-on-no-bid-contracts.htm Thu, 17 Jul 2008 12:11:03 EDT A band of suspected militants attacked a naval houseboat stationed in Nigeria's restive, oil-rich south Wednesday, sparking a gunbattle that left five people dead, military officials said. http://www.ibtimes.com/articles/20080716/gunmen-attack-naval-houseboat-in-oil-rich-nigeria.htm Wed, 16 Jul 2008 12:46:03 EDT Sunoco Inc. on Wednesday named former Royal Dutch Shell PLC veteran Lynn Laverty Elsenhans as its first female chief executive and president effective Aug. 8. http://www.ibtimes.com/articles/20080716/sunoco-names-elsenhans-1st-female-ceo-president.htm Wed, 16 Jul 2008 09:07:38 EDT Royal Dutch Shell PLC is selling its investment in a petroleum distribution business in Zimbabwe to South Africa-based Engen Petroleum Ltd. Shell, which has a 50 percent stake in the Zimbabwean joint venture with BP PLC, began reviewing its holding last October 2007, before Zimbabwe underwent a disputed and violent presidential election, company spokesman Rainer Winzenried said as he confirmed the sale Tuesday. http://www.ibtimes.com/articles/20080715/shell-selling-investment-in-zimbabwe.htm Tue, 15 Jul 2008 11:14:10 EDT The oil industry applauded President Bush's announcement Monday that he would lift an executive ban on offshore drilling, even though no drilling will take place unless Congress lifts its own ban. http://www.ibtimes.com/articles/20080714/bush-decision-on-oil-backed-by-industry.htm Mon, 14 Jul 2008 17:33:32 EDT Royal Dutch Shell PLC on Monday offered to buy Canada's Duvernay Oil Corp. for 5.19 billion Canadian dollars ($5.16 billion) in cash, in a move to nearly double its North American natural gas production. http://www.ibtimes.com/articles/20080714/shell-canada-offers-to-buy-duvernay-oil.htm Mon, 14 Jul 2008 18:40:10 EDT Development of vast Iranian gas reserves in the Persian Gulf was dealt a blow Thursday when French energy giant Total SA said political conditions were not right for investing in the country now, marking the latest defection of a Western oil firm from a project in the Islamic republic. http://www.ibtimes.com/data/articleimgs/89013-iran-missiles.jpg http://www.ibtimes.com/articles/20080710/report-total-sees-iran-as-too-risky.htm http://www.ibtimes.com/articles/20080710/report-total-sees-iran-as-too-risky.htm Thu, 10 Jul 2008 12:31:44 EDT Two conservation groups filed a lawsuit on Tuesday challenging the Bush administration's decision to let oil companies unintentionally harass or harm polar bears and walruses off the northwestern Alaska coast. http://www.ibtimes.com/articles/20080709/polar-bear-harassment-by-oil-companies-challenged.htm Wed, 09 Jul 2008 08:35:50 EDT Royal Dutch Shell PLC said Monday it has begun waterflooding offshore oil wells in the Gulf of Mexico to raise production by 30,000 barrels per day. Shell said injecting filtered and treated sea water into the reservoirs to displace additional oil is expected to extend the life of the Usa-Princess field by 10 years, and it expects to continue waterflooding the site for 30 years. http://www.ibtimes.com/articles/20080707/shell-waterflooding-in-gulf-of-mexico.htm Mon, 07 Jul 2008 14:38:47 EDT Three decades after pumping its last drop, the first oil well in Nigeria is marked by a decrepit signboard bearing what would seem an uncontroversial statement: http://www.ibtimes.com/data/articleimgs/86369-nigeria-oil-well-one.jpg http://www.ibtimes.com/articles/20080705/nigerias-first-oil-well-is-still-source-of-woe.htm http://www.ibtimes.com/articles/20080705/nigerias-first-oil-well-is-still-source-of-woe.htm Sat, 05 Jul 2008 13:18:59 EDT Exxon Mobil Corp. will book a $1.6 billion gain in its third quarter from the sale of its interests in a natural-gas transport business in northern Germany, the oil giant disclosed Thursday in a Securities and Exchange Commission filing. http://www.ibtimes.com/articles/20080703/exxon-mobil-to-book-1-6b-profit-from-asset-sale.htm Thu, 03 Jul 2008 17:30:27 EDT Following is a summary of top stories in the energy sector Monday afternoon: Crude Falls Back from New Record http://www.ibtimes.com/articles/20080630/energy-sector-roundup-oil-approaches-144.htm Mon, 30 Jun 2008 15:55:33 EDT The price of crude oil hit yet another record on the last day of a tumultuous first half, spurting past $143 a barrel before ending lower on demand fears and a resilient dollar. Crude has shot up nearly 50 percent since the start of the year, in large part on the dollar's troubles, and analysts expect that trend to remain intact as the second half of 2008 begins. http://www.ibtimes.com/data/articleimgs/82624-oil-prices.jpg http://www.ibtimes.com/articles/20080630/oil-prices-pass-143-barrel.htm http://www.ibtimes.com/articles/20080630/oil-prices-pass-143-barrel.htm Mon, 30 Jun 2008 15:56:16 EDT Following is a summary of top stories in the energy sector Thursday afternoon. Crude Shoots Over $140 http://www.ibtimes.com/articles/20080626/energy-sector-roundup-crude-tops-140-a-barrel.htm Thu, 26 Jun 2008 15:32:36 EDT Shares of BPZ Resources Inc. soared Thursday after the oil and gas exploration and production company said it is in talks with a unit of Royal Dutch Shell PLC about jointly developing properties in Peru. http://www.ibtimes.com/articles/20080626/bpz-resources-shell-seek-peruvian-joint-venture.htm Thu, 26 Jun 2008 11:35:20 EDT Oil prices rose Monday on disappointment over Saudi Arabia's modest production increase and concerns that output from Nigeria will decline. Retail gas prices, meanwhile, inched lower overnight, but appear unlikely to change much as long as oil prices stay in a trading range. http://www.ibtimes.com/articles/20080623/oil-rises-despite-saudi-output-pledge.htm Mon, 23 Jun 2008 16:21:20 EDT Chevron Corp. said Saturday that a breached Nigerian pipeline has prompted the company to shut down its onshore oil production. Nigerian media reported that militants had sabotaged the pipeline in the southern Niger Delta late Thursday. http://www.ibtimes.com/articles/20080621/chevron-says-pipeline-breached-in-nigeria.htm Sat, 21 Jun 2008 14:27:06 EDT Following is a summary of top stories in the energy sector Friday afternoon. Crude Futures Higher, Ending Week Unchanged http://www.ibtimes.com/articles/20080620/energy-sector-roundup-oil-bounces-back.htm Fri, 20 Jun 2008 15:43:03 EDT In just a couple of years, you'll be able to have your very own Toyota gas-electric hybrid that you can plug into a household outlet. Well, sort of. It won't quite be your very own; it's only being made available to leasing customers. http://www.ibtimes.com/data/articleimgs/76039-ask-ap.jpg http://www.ibtimes.com/articles/20080620/ask-ap-extracting-oil-sands-buying-plug-in-cars.htm http://www.ibtimes.com/articles/20080620/ask-ap-extracting-oil-sands-buying-plug-in-cars.htm Fri, 20 Jun 2008 15:05:13 EDT