Peter Voser News
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Royal Dutch Shell Plc’s $1.6 billion bid for Cove Energy Plc starts a race to develop natural-gas fields off Mozambique’s Indian Ocean coast that may hold more than Norway’s entire reserves.
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Royal Dutch Shell Plc said Malcolm Brinded, a 37-year veteran at the company, will step down as exploration and production director and be replaced by Andrew Brown, currently Shell’s Qatar chairman.
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Royal Dutch Shell Plc, Europe’s largest oil company, is working on a plan to merge its two classes of shares, Chief Executive Officer Peter Voser told analysts today.
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Royal Dutch Shell Plc, Europe’s biggest oil company, expects to raise its dividend this year for the first time since 2009 as new projects generate more cash.
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Royal Dutch Shell Plc, Europe’s largest energy company, will shift its investment focus to oil- rich shale in the U.S. because of lower natural-gas prices.
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BP Plc, Europe’s second largest oil company, said “strong operations” at its refineries allowed the company to report a profit in the fourth quarter in the face of lower margins.
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Royal Dutch Shell Plc, Europe’s largest oil company, may raise its dividend this year for the first time since 2009 as crude prices around $110 a barrel and new projects generate cash.
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PetroChina Co. and Royal Dutch Shell Plc deepened their collaboration in exploring unconventional gas resources with the Chinese company investing in a Canadian project and the European oil producer pledging to help it step up drilling to tap shale reserves in the second-largest economy.
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Europe must show more resolve to fix the debt crisis as officials race to draft rules governing the euro and bridge widening difference over how to keep Greece’s finances afloat, said delegates at the World Economic Forum.
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Davos Man is approaching his annual Alpine get-together with humility after spending the past year getting fired, arrested, belittled and occupied.
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