Page 13 - Peter Voser News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Shell receives approval for shale gas production sharing in China Share 27 March 2013 Royal Dutch Shell has said that it has received approval from the Chinese government for its first shale gas production sharing contract in the country. As part of the deal, the company will explore, develop and produce shale gas alongside China National Petroleum (CNPC) in the Fushun-Yongchuan block in the Sichuan Basin, reported The Wall Street Journal. The contract has been approved a year after Shell and CNPC signed a deal in March 2012 to develop the shale gas reserves. The contract details have not bee...

we'll see where that goes later this morning. >> our road map starts with the markets. the worst monthly decline since september. nasdaq down 7%. how we're setting up for tomorrow's jobs reports as worries about spain continues. >> morgan stanley on the defensive over facebook at new lows. defending bankers behind the deals saying they worked 100% p with the rules. big disappointments from gap and costco. trade from retail analyst. we start off last trading seg for the month of may, down 6%, on track for the biggest monthly decline since september 2011. s&p, nasdaq and russell 2,00...

Way as we have seen them actually growing over the last two years, or the next four or five years, it's quite possible that we on the supply side cannot cover all the new demand which is coming. and therefore, you could see rising oil and gas prices over time. so from that point of view, it's important to actually keep investing, which shell has done over the last four, five, six years. we have never slowed down. we had the highest investments during the crisis. and i think this is absolutely needed in order to get there. and the effect of japan. >> mr. voser, how are you positioning yourself ...

On how this will come out in the end in three, four, five, six year's time, how much oil will be in japan, how much will be switching into gas, which is a fossil fuel, which is very acceptable from a co-2 point of view, reduces your co-2 footprint, et cetera. we will see how this develops in the medium and long-term. it is too early to speculate. but in general, with see gas growth across asia-pacific as the key driver for the economy and shell is the biggest player there. and we want to maintain that position. >> peter voser, thank you very much for joining us there with an update on the situ...

prime minister after a fire broke out of the fukushima nuclear power plant. this is the area affected. it's now day four for an earthquake and tsunami rocked the country. >> from cnn london, i'm nina del santos. >> you're watching cnn's continuing coverage of the aftermath of the earthquake and tsunami in japan. and we begin with key new developments. the japanese government says there has been a surge in radiation levels outside japan's fukushima nuclear power plant. and as a precaution, officials are telling everyone within a 30-kilometer radius to remain indoors. japan's official ...