February 15, 2008 Antonia Senior: Business Commentary If you were not already frightened by the prospect of climate change, here is a reason to become very afraid: a multinational oil company has just issued a call for wholesale government intervention and regulation of the energy industry. Of course, governments already regulate and tax energy on [...]
Posts on ‘February 14th, 2008’
The Times: Need to know: Friday February 15, 2008
Natural resources Royal Dutch Shell has put on hold plans to restructure its vast oil operations in Nigeria amid concerns that the changes will lead to large job losses. Separately, the oil group called for government intervention in the energy sector on a global scale to achieve reductions in greenhouse gases. ExxonMobil A US federal [...]
The Times: Shell issues stark challenge to politicians
February 15, 2008 Carl Mortished, World Business Editor Royal Dutch Shell has called for massive government intervention in the energy sector on a global scale in order to achieve reductions in greenhouse gases. Jeremy Bentham, Shell’s chief economist, said that politics and regulation are the key factors in cutting carbon dioxide emissions. The role of [...]
Shell General Business Principles: a confidence tricksters charter
Richard Wiseman,General Counsel M & A and Project Finance Shell International Limited Article by John Donovan Comments in an important judicial handbook published as part of the United Nations Environment Programme, imply that contrary to previous understanding, voluntary Codes of Conduct implemented by multinational corporations may be subject to rights of legal redress. As [...]
CNNMoney: Shell Executive:Not Worried By Venezuela; Oil Cos ‘Disliked’ In US
February 14, 2008: 02:33 PM EST WASHINGTON -(Dow Jones)- Venezuela’s decision to suspend oil shipments to Exxon Mobil Corp. (XOM) won’t necessarily affect global supplies because the country could still ship oil elsewhere, an oil company executive said on Thursday. “I’m not too worried about it,” John Hofmeister, president of Royal Dutch Shell PLC’s (RDSA) [...]
Reuters: Qatar, Shell eye long term LNG supply to China
Thursday February 14 2008 By Simon Webb DUBAI, Feb 14 (Reuters) – Qatar LNG producer Qatargas is in discussions with its partner Royal Dutch Shell for long term LNG sales to China, a Qatargas spokeswoman said on Thursday. Qatar is the world’s largest producer of liquefied natural gas (LNG), which is gas chilled to its [...]
The Guardian: Top oil firms spend more but get less crude
Reuters Thursday February 14 2008 By Alex Lawler LONDON, Feb 14 (Reuters) – The world’s three largest fully publicly traded oil firms are investing billions of dollars more, but there is little sign yet the extra spending is leading to higher production. Exxon Mobil Corp., Royal Dutch Shell Plc and BP Plc posted falling 2007 [...]
CNNMoney.com: Shell sees coal still a key energy source over coming decades
February 14, 2008: 10:47 AM EST LONDON, Feb. 14, 2008 (Thomson Financial delivered by Newstex) — Coal will remain one of the world’s main sources of energy over the next 40 years, even replacing oil as the dominant fuel once supply ‘plateaus’ after 2015, said Jeremy Bentham, vice president of Royal Dutch Shell PLC. (NYSE:RDS [...]
Reuters: Shell Oil defends record price for Alaska leases
Thu Feb 14, 2008 1:30pm EST By Tom Doggett WASHINGTON, Feb 14 (Reuters) – The president of Shell Oil Co (RDSa.L: Quote, Profile, Research) on Thursday defended the record amount the company paid the U.S. government to drill off Alaska’s coast, saying it was a “fair price” for leases that will produce much-needed oil and [...]
Malaysia: Shell’s legal jurisdiction of choice where justice can be bought by the highest bidder
By John Donovan We published articles last year relating to former Shell employees involved in litigation with Shell Malaysia. “TEAM A” CASE: 399 SHELL PENSIONERS SUING SHELL In a pension fund case involving 399 Shell Malaysia pensioners, the Appeal Court overturned a Judgment that Shell had made unlawful deductions from their retirement funds. One of [...]
Reuters: Conoco wins multi-billion UAE gas project
Thu Feb 14, 2008 11:06am By Stanley Carvalho and Simon Webb ABU DHABI (Reuters) – ConocoPhillips has won a contract for a project expected to cost more than $10 billion (5.07 billion pounds) to develop sour gas reserves in the United Arab Emirates, sources at state oil company ADNOC said on Thursday. The project was [...]
Philippine Daily Inquirer: Shell to appeal SC decision on Pandacan depot
By Abigail L. Ho Philippine Daily Inquirer First Posted 15:56:00 02/14/2008 MANILA, Philippines — Oil refiner Pilipinas Shell Petroleum Corp. will appeal the Supreme Court’s decision upholding a Manila city ordinance ordering the relocation of the Pandacan Oil Depot by 2013. “Shell will appeal to the Supreme Court, with the end in view of ensuring [...]
The Dallas Morning News: Reducing carbon dioxide emissions a slow process, experts say
U.S. regulations and consumer urgency are slow taking hold, experts say 12:00 AM CST on Thursday, February 14, 2008 By ELIZABETH SOUDER / The Dallas Morning News esouder@dallasnews.com HOUSTON – Some energy industry insiders don’t sound very optimistic about the prospects of cutting greenhouse gas emissions in the U.S. anytime soon. Federal regulations on carbon [...]
International Herald Tribune: France’s Sarkozy wants IMF head to consider global tax on oil companies’ profits
The Associated Press PARIS: French President Nicolas Sarkozy has asked the head of the International Monetary Fund to consider a tax on oil companies’ profits to help countries without energy reserves, the finance minister said Wednesday. Christine Lagarde told LCI television that Sarkozy had asked the new IMF chief, Dominique Strauss-Kahn, a Frenchman, to consider [...]
THE WALL STREET JOURNAL: Total’s Profit Jumps 62% as Oil Prices, Output Rise: ‘Shell took the worst hit, with output falling 4.5%’
THE WALL STREET JOURNAL: Total’s Profit Jumps 62% as Oil Prices, Output Rise By ADAM MITCHELL February 14, 2008; Page A13 PARIS — French oil company Total SA said net profit rose 62% in its most recent quarter, helped by rising production and higher oil prices, and announced a $2.2 billion investment to expand its [...]


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