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Qatar Shell-Seimens

Qatar stakes in Siemens, Shell reflect drive to step up development

State seeks stakes in companies pegged for role in its domestic development; Sees strong long-term outlook for commodities; Turns towards energy, diversifying bank, property-heavy portfolio

May 24, 2012 2:19
 
Shell scrambles to pay $1B for Iran oil

Shell scrambles to pay $1B for Iran oil

Royal Dutch Shell is struggling to pay off $1 billion that it owes Iran for crude oil because European Union and US financial sanctions now make it almost impossible to process payments, industry sources said.

March 26, 2012 4:17
 

Total latest oil group to shift Iraq focus to Kurdistan

French oil major Total SA has become the latest big oil company to shift the focus of its Iraq ambitions toward the semi-autonomous Kurdistan region, and away from the much larger but economically challenging contracts offered by Baghdad.

February 11, 2012 6:11
 
Shell sees Iraq’s Majnoon at 175,000BPD by year-end

Shell sees Iraq’s Majnoon at 175,000BPD by year-end

Iraq's Majnoon oilfield, operated with Royal Dutch Shell, should be ready to produce 175,000 barrels per day (bpd) by the end of 2012, an output level that triggers cost recovery and service fee payments, a senior company official said on Tuesday.

February 8, 2012 12:29