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Royal Dutch Shell

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China number two on Fortune 500 list


Two years after eclipsing Japan as the world’s second-largest economy, China on Monday stole the number-two spot on the Fortune 500 list of the biggest global companies from its Asian rival. In its annual revenue rankings, Fortune magazine said that China overtook Japan for the first time, landing 73 companies on the list compared with … Continue reading

China to exclude foreign firms in shale gas tender


China will exclude foreign firms from bidding in its second tender for shale gas blocks, despite a need for overseas technology to help exploit massive reserves of gas trapped within shale rock formations in the world’s top energy user. China launched its shale gas push in late 2009, inspired by a shale boom in the … Continue reading

Shell, PetroChina JV Australia LNG faces big cost overrun


The cost of Royal Dutch Shell and PetroChina‘s Australian joint venture LNG may rise as much as 50 percent from initial estimates, which could force the companies to delay development, a source close to the project said on Friday. Arrow LNG is one of four on Australia‘s east coast that aim to pump gas from … Continue reading

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