Royal Dutch Shell plc: New Accounting Segmentation

Royal Dutch Shell plc has implemented, as from 1 July, 2009, a series of changes to senior management roles and responsibilities. Accounting disclosure segmentation, as from the third quarter 2009, will reflect the new organisational structure. These changes will reduce Shell’s administrative costs, simplify the presentation of Shell’s financial results, and at the same time provide additional... 

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Curtis Represents KMG in Agreements Concerning Future Development of Kashagan Field, World’s Largest Oil Discovery in 30 Years

Curtis, Mallet-Prevost, Colt & Mosle LLP represented KazMunayGas (KMG), the national oil company of Kazakhstan, in its successful negotiations with the North Caspian Sea consortium on the detailed agreements for the future development of the Kashagan field. The Kashagan field is reported to be the world’s largest oil discovery in at least three decades. The North Caspian Sea consortium consists... 

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vMonitor Announces Aggressive Growth Strategy and Hiring of L J Guillotte as President and CEO

vMonitor, Inc. announces early results of its Aggressive Growth Strategy in oil and gas wireless automation and field optimization solutions. vMonitor Director Tom Bates, former Managing Director at Lime Rock Partners and former CEO of Weatherford Interra, describes the Company’s strategy as follows: “vMonitor has succeeded in developing the broadest, most comprehensive of wireless oil... 

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VAALCO Energy Names Gregory R. Hullinger as Chief Financial Officer

VAALCO Energy, Inc. announced that Gregory R. Hullinger has been named Chief Financial Officer of the Company. Mr. Hullinger succeeds W. Russell Scheirman, who will continue as VAALCO’s President and will assume the additional position of Chief Operating Officer. Mr. Hullinger, 55, joins VAALCO with more than 30 years of finance, accounting and tax experience at Shell Oil Company and its parent... 

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Platts Top 250: The World’s Top Performing Energy Companies

Major oil companies have maintained their stronghold as the world’s most financially effective energy businesses, according to the 2008 Platts Top 250 Global Energy Company rankings announced here Monday evening. But the rankings also point to a performance resurgence by non-oil firms, such as electric utilities, and to the rising importance and influence of Asia-Pacific companies. Against a... 

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Newly Updated Report Reveals Latest Data for Oil & Gas in Norway

Research and Markets has announced the addition of the “Oil & Gas in Norway” report to their offering. The Oil & Gas in Norway industry profile is an essential resource for top-level data and analysis covering the oil & gas industry. It includes detailed data on market size and segmentation, plus textual and graphical analysis of the key trends and competitive landscape,... 

Shell Canada Limited Completes Acquisition of Duvernay Oil Corp.

Shell Canada Limited, a wholly owned subsidiary of Royal Dutch Shell plc , announced today that as of 1:01 a.m. on August 22, 2008, 61,661,551 common shares of Duvernay Oil Corp have been validly deposited to the offer by BRS Gas Corp., a wholly-owned subsidiary of Shell Canada, to acquire all of the common shares of Duvernay (including common shares issuable upon the exercise or surrender of any options).... 

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Shell Canada Limited Receives Regulatory Approvals For Duvernay Oil Corp. Acquisition

Shell Canada Limited, a wholly owned subsidiary of Royal Dutch Shell plc, announced today that it has received the approval of the Minister of Industry under the Investment Canada Act for its offer to purchase all of the outstanding common shares of Duvernay Oil Corp. (“Duvernay”) (including common shares issuable upon the exercise or surrender of any options). In approving the acquisition,... 

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Royal Dutch Shell plc: Buyback of Own Shares

Royal Dutch Shell plc announces that on 6 August, 2008 it purchased for cancellation 251,346 “B” Shares at a price of 1725.98 pence per share. Following the cancellation of these shares, the remaining number of “A” Shares of Royal Dutch Shell plc will be 3,547,035,973 and the remaining number of “B” Shares of Royal Dutch Shell plc will be 2,722,928,049.  Read More →

Petroleum Leaders Urge Unity on Rising Energy Prices

As oil set a new record, top industry executives and a senior European government official urged the world to pull together in the face of skyrocketing energy prices, while acknowledging that costly crude is here to stay for years. The comments to the World Petroleum Congress In Madrid, Spain, by the EU Energy Commissioner and the heads of Royal Dutch Shell PLC, BP PLC and Spain’s Repsol reflected...