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Shell issued a “significant” profit warning for the fourth quarter on Friday, in which it detailed across-the-board problems, less than three months after its third-quarter profits undershot analyst forecasts.
Sources revealed that EGAS negotiated with Shell and other companies to import between 500 and 750 million ft3of gas per day to cover the electricity power stations’ needs.
While the Dutch oil company denied shutting down their offices, several multinational companies have decided to suspend their s operations in the country
The details of the transaction and its price have not been disclosed.
Nile Petroleum will become the primary distributor of Shell marine lubricants in Egypt, serving ships passing through the Suez Canal
The Country Chair and Managing Director of oil giant Royal Dutch Shell, Jeroen Regtien, talks to the Daily News Egypt, highlighting the company’s vision in post-revolution Egypt, the impediments curbing the organic growth of the sector and voices his suggestions on how the government can resolve structural hindrances.
Shell and Greenpeace in a tussle over the Arctic
By Ahmed Tolba Badr Petroleum Company (Bapetco), a joint venture between the Egyptian General Petroleum Company (EGPC) and petroleum giant Royal Dutch Shell, announced that the latter has decided to invest $600 million in exportation and production operations in its Western Desert concession areas. The endeavor comes in the context of Shell’s exploration plan for …