Royal Dutch Shell, Europe’s largest oil company, can’t drill the deepest offshore Alaskan well after a federal appeals court said the government’s approval of the plan violated environmental laws.
Posts on ‘November 20th, 2008’
“Exxon got criticized for underinvesting over the last four years,” said Fadel Gheit, a senior energy analyst at Oppenheimer. “It’s not that they were stupid, it’s just that they thought it was too expensive. Now Exxon is going to laugh all the way to the bank.”
A reputation for integrity is a priceless asset which can vanish or be severely tarnished by a single error of judgment. (Don’t mention the reserves fraud)
BREAKING NEWS 2:11pm UK, Thursday November 20, 2008 The fall in the cost of Brent crude will boost motorists’ hopes of even lower petrol prices. Traders have been predicting for some time the economic downturn will hit demand. Light, sweet crude on the New York Mercantile Exchange – the benchmark price – fell to $52.70 [...]
Shipping brokers said on Thursday, U.S. oil trader Koch and Royal Dutch Shell had booked supertankers capable of storing 10 million barrels of crude, more than top exporter Saudi Arabia produces in a day.
Shell Research Limited (Shell) announced today that three new Shell Coal Gasification Process (SCGP) licensing agreements in China have come into effect, bringing Shell’s total number of licensing agreements in the country to 19.
SHELL JOB APPLICATIONS SCAM
ANKARA, Turkey (AP) Turkey’s state-run gas company Botas and Royal Dutch Shell PLC signed a preliminary agreement on Thursday for natural gas exploration and marketing in Iraq.
Shell has suffered a small exodus of talent in the past six months, including Lynn Laverty Elsenhans, 52, who reported to Mr Routs as head of refining and chemicals and was seen as a strong candidate to succeed him. Losing too many more top executives would be embarrassing.
In May, Shell provoked uproar when it withdrew from the world’s largest offshore windfarm – the London Array in the Thames Estuary – after the costs allegedly had risen from £1 billion in 2003 to £3 billion.
For years, the government has been criticised for failing to pass strong legislation to stop payments by British companies to foreign officials and politicians, in return for contracts.
Britain’s international reputation took a battering two years ago when then-Prime Minister Tony Blair called off a Serious Fraud Office inquiry into BAE Systems’ multi-billion pound arms deal with Saudi Arabia.
In BAE Probe, U.S. Steps In Where Brits Fear to Tread (the corruption scandal in which Shell played a key role)
The BAE case is four years long, with a complicated history. But it springs from some fairly simple acts: In order to secure a lucrative arms contract, BAE allegedly paid off several Saudi officials, including Prince Bandar bin Sultan bin Abdul Aziz Al Saud. The payments allegedly totaled some $2 billion over nearly two decades.
Royal Dutch Shell is considering changing the structure of its top executive team, in a move seen by some industry insiders as a precursor to a wider shake-up under Peter Voser, who takes over as chief executive in July.