
(CSRwire) May 13, 2008 - Responsible Energy: The Shell Sustainability Report 2007describes the company’s ongoing efforts to meet the global energy challenge that can be summed up as more energy, less CO2.
Click to continue reading “Royal Dutch Shell Has Released its 11th Sustainability Report”
International oil companies, such as Statoil SA of Norway and Royal Dutch Shell PLC, are set to invest $25 billion in Brazil in the coming years, according to Brazil’s industry association for foreign oil companies.
Brazil’s state oil company discovered what some geologists consider one of the biggest global oil strikes in the past 20 years in the Tupi field beneath rock, sand and salt at the bottom of the Atlantic Ocean.
Click to continue reading “Big Oil set to invest $25 billion in Brazil”
The consortium, which includes Exxon Mobil Corp. and Royal Dutch Shell PLC, has proposed postponing the start of production to 2012-13 from 2011, Kazakh Energy Minister Sauat Mynbayev said Monday, according to the Interfax news agency. “We’re trying to come to an agreement again,” he said.
Click to continue reading “Kashagan Delays May Lead to New Fines”
EDS has revenue around $20 billion a year and has a roster of giant clients including General Motors and Royal Dutch Shell.
Click to continue reading “expected acquisition of outsourcing giant EDS”
The project’s consortium, which includes Royal Dutch Shell, Eni, Total and ExxonMobil, wants to push back the start of the 13bn-barrel field for at least another year, Kazakh ministry officials said yesterday.
Click to continue reading “Further delays likely at Kazakh oil field”
Resources close to home look ever more tempting to western energy companies at a time of rising resource nationalism - only this weekend, Royal Dutch Shell pulled out of an Iranian gas project.
It is dwarfed by the £17m fine against Royal Dutch Shell in 2004, the watchdog’s largest to date, for market abuse.
In transactions involving both Shell and BP, Mr. Putin met directly with corporate executives. For a time, Kremlinologists thought that he might segue into the chairman’s job at Gazprom; executives say Mr. Putin, a former spy, shows a keen interest in the oil and gas business.

Both Shell and BP employ significant engineering and planning resources to determine viable business opportunities for their companies. So the withdrawal of Shell from the Thames Estuary wind farm project and BP’s stated lack of interest in wind turbines strongly endorse Christopher Booker’s assertions (May 4) that wind turbines are not an economic or reliable way to produce electricity.
Bruce Tait, Hythe, Kent
http://www.telegraph.co.uk/opinion/main.jhtml?xml=/opinion/2008/05/11/nosplit/dt1101.xml

In the know
Has the oil price gone too far? BetsForTraders.com offers odds of 2-1 that BP’s share price, up 6½p at 619½p, will fall below 605p in five market days. Bets on BP and Shell have been the most popular so far, the bookie for traders reports. With 76 per cent of clients betting on BP’s price falling, does it mean that oil’s relentless rise is coming to an end?
http://business.timesonline.co.uk/tol/business/markets/article3920115.ece