Quarter of oil refineries risk closure under climate goals by 2035, report reveals
Businessam Staff
November 2, 2017
A quarter of the world’s oil refineries risk closure by 2035 if governments of countries meet targets to limit fossil fuel burning in
Shell, Exxon win blocks in Brazil’s pre-salt oil auction
Businessam StaffOctober 27, 2017
Oil majors Royal Dutch Shell and Exxon Mobil won blocks in Brazil’s coveted pre-salt oil region in an auction on Friday. Shell was
Oil prices up $56 on rising refinery demand, falling U.S. rig count
Businessam StaffSeptember 18, 2017
Oil markets were firm Monday and remained near multi-month highs reached late last week as the number of U.S. rigs drilling for new
Royal Dutch Shell to increase gas output by 2019 from its Nigeria Niger-Delta project
Businessam StaffAugust 23, 2017
Royal Dutch Shell, through its Nigerian subsidiary, Shell Petroleum Development Company (SPDC), announced Wednesday that it has
Shell, Europe’s largest oil refinery, to resume production in two weeks
Aderemi OjekunleAugust 2, 2017
Royal Dutch Shell, Europe’s largest oil refinery will resume production in the second half of August. The company said in a
Oil prices heading for third week of losses as OPEC struggles to clear global surplus
Businessam StaffJune 9, 2017
Global oil prices are seen to be heading for a third consecutive week of losses as rising supplies from the US and Nigeria may
Nigeria’s oil export gets boost as Shell lifts Forcados force majeure
Businessam StaffJune 7, 2017
Royal Dutch Shell Tuesday lifted the force majeure on exports from the Trans Forcados pipeline, which has been closed since February