Shell to spend $45B (US) to replace reserves
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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 -- 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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Scandal-hit oil giant Royal Dutch/Shell will invest $45 billion (25 billion pounds) over three years to boost reserves and production but its shares have fallen on disappointment
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Description: Royal Dutch/Shell agrees to pay more than $150 million to settle fraud charges in the United States and Britain. The company was accused of overstating its proven oil and gas reserves by more than 20 percent.
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Royal Dutch/Shell Group agreed on Tuesday to finalized settlements with U.S. and UK regulators which will cost the oil giant &#36;150.7 million over its mis-statement of proven oil reserves.
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ConocoPhillips said it probably will add the equivalent of 800 million barrels of oil to its proved reserves after its $1.99 billion investment in OAO Lukoil, Russia&#39;s biggest oil company, and a planned increase in the stake.
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LONDON : Royal Dutch/Shell announced radical plans to merge its separate holding companies in an overhaul of its corporate governance structures after a review triggered by its oil reserves scandal.
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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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Shell Oil Co said on Friday it has decided to go ahead with a 325,000 barrel-per-day capacity expansion of the Motiva refinery in Port Arthur, Texas.
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Exxon Mobil Corp.  plans to  spend about $20 billion annually through 2011 and start  production at 25 major oil and gas projects over the next three  years, the world's largest publicly traded oil company said on  Wednesday.
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Royal Dutch/Shell Group agreed on  Tuesday to finalized settlements with U.S. and UK regulators  which will cost the oil giant $150.7 million over its  mis-statement of proven oil reserves.
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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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LONDON/AMSTERDAM  - Oil major Royal Dutch/Shell  Group RD.AS plans to move to a unified corporate  structure, ditching a century-old dual-ownership system blamed  for contributing to a reserves overbooking scandal.
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The federal government will lend oil to a handful of refiners from the nation&#39;s emergency stockpile to make up for a shortfall created by Hurricane Ivan&#39;s repeat visits to the Gulf of Mexico.
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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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LONDON (CBS.MW) -- Outlining an expectation for higher oil prices and increasing demand, Royal Dutch/Shell on Wednesday said it&#39;s lifting project spending to $45 billion over the next three years.
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Shell Oil Co said on Friday it has  decided to go ahead with a 325,000 barrel-per-day capacity  expansion of the Motiva refinery in Port Arthur, Texas.