Shell sets $45B investment program
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But stock of major oil company falls on disappointment it did not extend stock buyback program. LONDON  - Scandal-hit oil company Royal Dutch/Shell said Wednesday it will invest $15 billion a year
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LONDON (CP) - Royal Dutch/Shell Group said Wednesday 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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The Anglo-Dutch oil giant Shell today sought to draw a line under its reserves scandal by announcing plans to spend $15bn (Â£8.4bn) a year to replenish reserves and develop production in its oil and gas business.
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Greenstone Holdings, Inc. (PINKSHEETS: GSHG) announced today that Market Advisors initiate coverage on the Company with target price of 45 cents per share.
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Dow Chemical plans to sell a 50 percent interest in five of its global businesses to a Kuwaiti company for about $9.5 billion to form a joint petrochemicals venture.
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Oil prices up toward $45 a barrel are  likely to mar sentiment on Wall Street on Wednesday, but solid  earnings from software giant Oracle ORCL.O looks set to  support the technology sector.
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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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Oil giant Royal Dutch Shell Plc (RDSa.L)  beat forecasts on Thursday to report a 36 percent rise in  second-quarter current cost of supply net profit, which strips  out changes in inventory values, to $6.3 billion, thanks to  high oil prices.
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Royal Dutch/Shell Group announced Wednesday that it would spend US$1.8 billion on exploration and production in the North Sea, including building a pipeline to transfer gas from Norway to Britain.
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Shell reports a record profit for a UK-listed company of Â£9.3bn but also restates its oil reserves again.
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OIL group Shell has pledged to invest $45bn (Â£25bn) and make major disposals in a shake-up of the business, following its reserves crisis earlier this year.
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A cadre of buyout shops are expected to try to raise a total of &#36;45 billion for new European funds in the next year and a half.
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Texas Pacific and KKR have  announced the biggest private equity buyout ever, valued at $45bn.
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TORONTO (CP) - Deploring the lack of opportunities in Canada, the Canada Pension Plan Investment Board is investing &#36;470 million in European and British infrastructure.
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Here's an investing plan to help you get it done.
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BP could be forced to raise capital spending by $1.5bn (Â£820,000) next year because of sharply rising steel prices and increased competition for drilling rig services as oil companies lift investment to record levels.