Shell to boost production
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Royal Dutch/Shell will invest $15 billion (8 billion pounds) a year in 2004/06 to boost reserves and production, as it tries to draw a line under a reserves scandal that rocked the group.
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Oil giant Royal Dutch Shell reports record annual profits for a UK company, making Â£13.9bn.
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Royal Dutch Shell Plc  reported an 11 percent rise in current cost of supply (CCS) net income to $6.7 billion on Thursday, as higher oil prices and one-off gains helped to offset a fall in production.
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BHP Billiton, the AngloAustralian mining group, announced plans yesterday to increase production amid surging demand for commodities.
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The Gulf find could jack up profits for oil rig equipment manufacturers.
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LONDON/NEW YORK  - Royal Dutch Shell will go ahead with a 325,000 barrel-per-day capacity expansion of its Motiva refinery in Port Arthur, Texas, that will make the plant one of the biggest in the world.
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OPEC will increase oil production by 500,000 barrels a day to meet an expected surge in winter consumption.
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The Organization of Petroleum Exporting Countries (OPEC) decided on Wednesday to raise its oil production quota by one million barrels a day from Nov. 1 in a step to soothe market nerves over climbing oil prices.
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LONDON -- Royal Dutch/Shell Group on Wednesday announced a $150 million increase in the amount of money it will spend in 2004 on exploration and production in Europe, bringing the total to $1.
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Shell Oil Co on Friday announced the final investment decision to begin construction on a 325,000 barrel-per-day capacity expansion project at a refinery in Port Arthur, Texas.
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Royal Dutch Shell will go ahead with a 325,000 barrel-per-day capacity expansion of its Motiva refinery in Port Arthur, Texas, at a cost of $7 billion, the Anglo-Dutch oil group said on Friday.
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Anglo-Dutch oil giant Shell will attempt to restore investors&#39; faith in its strategy at a briefing for oil analysts on Wednesday.
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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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JEDDAH, 30 November 2004 - Saudi Arabia plans to raise its oil production capacity to 12.5 million barrels per day from the current 11 million bpd over the next few years, Petroleum and Mineral Resources Minister Ali Al-Naimi said yesterday.
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Royal Dutch Shell has resumed production of 150,000 barrels per day of crude oil which was closed due to community unrest in the country&#39;s volatile oil-rich south, a company spokesman said Tuesday.
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Oil giant Shell is reportedly set to announce the largest profit in UK corporate history on the back of record oil prices.
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Independent oil and gas producer Devon Energy Corp.  said on Friday it expects fourth-quarter production to rise 7 percent from the year-ago level to about 57 million barrels of oil equivalent (boe).