Shell fears swoop by French oil giant Total: report
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The Anglo-Dutch oil company Royal Dutch Shell, one of the world's biggest, is bracing itself for a raid by France's Total.
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The Royal Dutch/Shell Group said yesterday that it would sell as much as $12 billion in assets, spend $45 billion on new projects and consider some acquisitions as it tries to bolster oil and gas production.
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BP and Shell are on track to unveil record quarterly profits helped by surging world oil prices, press reports claim.
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CANNES, France  - Concerns about soaring oil  prices and terrorism have injected fresh caution into global  markets over the last six months, executives and investors said  at a technology conference in Cannes.
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Oil major Royal Dutch Shell is on the brink of a deal to bring Russian gas monopoly Gazprom into the $22 billion Sakhalin-2 project, a spokesman said on Sunday.
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Electricite de France said it raised 2.57 billion euros (&#36;3.17 billion) from the sale of its 2.3 percent stake in French oil company Total SA on Wednesday.
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PARIS Oil prices climbed to another high on Wednesday after figures showed US crude supplies were down for a third straight week while a report from OPEC highlighted the threat of high oil prices for world economies.
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HONG KONG (CBS.MW) -- Anglo-Dutch oil giant Royal Dutch/Shell said Friday it has pushed back its annual shareholders meeting and may delay its 2004 financial report if it needs to restate more of its proven oil and gas reserves.
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French police have detained an executive of Total for questioning as part of an investigation into suspected bribes paid to foreign officials by the oil giant, judicial officials said Thursday.
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French oil group Total reported on Wednesday a 3.0-percent fall in net adjusted profit to 12.203 billion euros (14.57 billion dollars), blaming weakness of the dollar.
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French stocks were volatile Tuesday amid a little-moved index, as more evidence of struggling sales pressured automakers while retailers climbed amid the loosening of some price pressure concerns.
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Oil major Royal Dutch Shell is on the  brink of a deal to bring Russian gas monopoly Gazprom into the  $22 billion Sakhalin-2 project, a spokesman said on Sunday.
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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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France warned rival banks on Tuesday not to try to grab control of Societe Generale as it reels from losses blamed on a rogue trader, but shares in the bank spiked higher on takeover speculation.
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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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European oil giants Royal Dutch/Shell and Total are leading the chase to buy the Canadian gas company First Calgary.
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Troubled energy giant Royal Dutch/Shell, still reeling from the revelation that it massively overstated its proven reserves, is to recruit more than 1,000 new engineers in a bid to recover some credibility, a report said.