Posts on ‘February 2nd, 2008’

LONDON, UNITED KINGDOM–(Marketwire – Jan. 31, 2008) – Shell today are expected to declare 2007 profits in the 13 billion pound range and at the same time “dump” the loyal offshore workforce that helped it deliver these very profits. Unite, the largest offshore union, are outraged at Shell’s approach to safety and industrial relations in [...]

By Simon Evans Sunday, 3 February 2008 BP chief executive Tony Hayward is this week expected to put the problems of a self-confessed “dreadful” 2007 behind him when he unveils the green shoots of recovery at the struggling oil major. Fourth-quarter profits are expected to show a 10 per cent increase, with the company benefiting [...]

The comments below, which we are truly honoured to receive from such eminent and vastly experienced senior people at Shell, both now retired, were made in relation to the recent article: The Times: Despite the profits, you can�t be totally sure of Shell shares Comments by Iain Percival I am a relatively recently retired Shell [...]

By Russell Hotten Last Updated: 11:25pm GMT 02/02/2008 Safety conditions on Shell’s five oil platforms in the North Sea have been called into question amid a row over alleged “industrial gangsterism” and claims that a manager in charge of the rigs believes the backlog of maintenance has reached “appalling levels”. In an e-mail leaked to [...]

By Sheila McNulty in Houston and Ed Crooks in London Published: February 2 2008 02:00 | Last updated: February 2 2008 02:00 ExxonMobil and Chevron, the two biggest US oil and gas companies, yesterday underlined the challenges they face in spite of high oil prices, reporting bumper profits but falling production and difficulties in finding [...]

By Kevin Done, Aerospace Correspondent Published: February 2 2008 01:16 | Last updated: February 2 2008 01:16 Airbus staged the first test flight by a commercial aircraft using a synthetic liquid fuel processed from natural gas on Friday as airlines, aircraft makers and oil companies step up efforts to develop alternative fuels to jet kerosene. [...]

By JAD MOUAWAD Published: February 2, 2008 By any measure, Exxon Mobil�s performance last year was a blowout. The company reported Friday that it beat its own record for the highest profits ever recorded by any company, with net income rising 3 percent, to $40.6 billion, thanks to surging oil prices. The company�s sales, more [...]

By FELICITY BARRINGER Published: February 1, 2008 A coalition of environmental organizations and Inupiaq native groups filed suit in federal court in Anchorage on Thursday to force the Interior Department to do a new analysis of the environmental consequences of oil and gas exploration in the Chukchi Sea, off northwestern Alaska. The plaintiffs hope to [...]

By Russell Hotten Last Updated: 2:43am GMT 02/02/2008 BP chief executive Tony Hayward has continued his series of top-tier management changes with the replacement of David Allen as managing director and chief of staff. Mr Allen, who was a close associate of former BP boss Lord Browne of Madingley, is being replaced by Steve Westwell, [...]

February 2, 2008 ROBERT COLE PERSONAL INVESTOR ROYAL DUTCH SHELL, the oil leviathan, has spent most of its life grappling with a split personality. In the beginning, Shell was not an oil company at all. Marcus Samuel, a London shopkeeper, started by importing exotic shells from the Far East. Those 1833 beginnings live on today [...]