Sir, Reaching a global agreement on the replacement for Kyoto is critical to helping address climate change. We strongly urge Gordon Brown to continue to press for a robust and effective European Union climate change package ahead of the European Council meeting this week.
Posts on ‘December 10th, 2008’
As part of an ongoing strategy of portfolio management, Shell Petroleum NV (Shell) has successfully completed the sale of its 50% shareholding in Refineria Dominicana de Petroleo, S.A.
BAE Arms Contract Bribes Under Investigation in 7 Countries (*Shell at the heart of Al-Yamamah oil-for-arms scandal)
Allegations of bribery by BAE to secure arms contracts are now under investigation by the authorities of seven countries, plus the Organisation for Economic Cooperation and Development which holds oversight authority over international commitments on corruption. BAE executives have even been detained in the United States for questioning by the Federal Bureau of Investigation.
A Google search of the most recent financial information from the major oil companies shows ExxonMobil alone with a stash of $34 billion. Chevron had cash on hand of $10 billion, Shell of $7.8 billion, BP America of $9.8 billion (at the end of 2007). It sounds like plenty to go around to give the Big Three a helping hand.
Battered by the global economic crisis, world oil demand will fall in 2008 for the first time since 1983, said a U.S. government forecast. It also predicted demand will fall again in 2009.
Mr. Routs talked with the WSJs Neil King about the worlds thirst for oil, the challenges facing Detroit and the U.S. transportation sector, and where oil prices are heading.
Royal Dutch Shell is to continue preparatory work on a $10 billion natural gas project in Iran, despite calls from leading U.S. pension funds to withdraw, SHARECAST reported from London on Thursday.
Global oil demand will collapse next year and commodities will not return to the highs they reached this summer in the foreseeable future, two authoritative reports said on Tuesday as they forecast a long and painful worldwide recession. The stark conclusions came as the World Banks chief economist predicted that the world faced the worst recession since the Great Depression.
Dominion and Shell WindEnergy Inc. announced today the completion of the NedPower Mount Storm LLC wind energy project in which they each own a 50% interest. Sited along the high ridges of West Virginia, the project is now fully operational, generating up to 264 megawatts of electricity from a renewable energy source for the mid-Atlantic power grid.
NEW YORK, Dec 9 (Reuters) – Shell Oil said it continued to ramp up Gulf of Mexico oil and gas production shut for hurricanes Gustav and Ike this past October.
HOUSTON: Current Shell operated production from the Gulf of Mexico is now over 400,000 BOE/d, while Shell’s net production, including both operated and non-operated production, from the region is around 310,000 BOE/d.