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Posts from ‘January, 2009’

Business starts to take Web 2.0 tools seriously

They detail how companies, including General Electric, Procter & Gamble,Shell and Airbus, are busy integrating social networking into their corporate strategies. These companies, say the authors, are showing that the use of blogs, wikis, widgets and other Web 2.0 tools “encourages horizontal collaboration and harnesses the power of collective intelligence to boost productivity, foster innovation and create enhanced value”.

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More earnings carnage expected from oilpatch

Royal Dutch Shell, parent of Shell Canada, also reports Thursday. In a recently written fourth-quarter preview entitled, “2008 Ends On A Very Ugly Note,”UBS analyst Andrew Potter concludes: “Given the massive rout in commodity prices and crack (refining) spreads that occurred during the quarter, Q4 financial results will be the worst in several years.”

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Oil M&A fell in ’08, focus on unconventionals-E&Y

The report said the largest deals were launched by western oil majors such as Royal Dutch Shell Plc (RDSa.L) and ConocoPhillips (COP.N) to secure non-traditional reserves such as coal seam gas and tight gas.

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Gazprom, Shell May Delay Exports of Russia’s First LNG Cargo

Japanese utilities may face a delay in receiving the first liquefied-natural gas cargoes from an OAO Gazprom-led project in Russia, an official said.

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Halliburton to Pay $559 Million To Settle Bribery Investigation

The Justice Department says several of the alleged bribes occurred while Mr. Cheney led Halliburton.

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Shell reports biggest profits slide for a decade

The oil major is expected to report a 62 per cent fall in profits in the last quarter compared with the £6.6billion it made in the third quarter.

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Chill wind as companies pull out of projects

Shell made a similar announcement when it pulled out of the London Array last summer, leaving Eon and Dong, the other partners, to find a replacement.

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Halliburton Settles Cheney-Era Bribery Probe With U.S. Government

Gen. Abacha’s appreciation for the money that Shell’s operations put into his coffers made him an eager ally when the oil industry faced popular protests, which were crushed by the dictator’s army and security forces. 1995, the year Cheney joined Halliburton, renowned writer and environmental advocate Ken Saro-Wiwa and eight of his colleagues were hanged by the Abacha government for their efforts to prevent Shell from continuing to poison the environment of the Niger Delta. It is estimated that more than 2,000 people have been murdered for their involvement in protests against Shell’s activities in the Delta. Most of those murdered were Ogoni who had rallied behind Saro-Wiwa in the early 1990s.

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Talks continue on new US refinery workers contract

Talks between lead refiner negotiator Shell Oil Co (RDSa.L) and the United Steelworkers union could go down to the wire late on Saturday, said USW union spokeswoman Lynne Baker. Both sides have prepared for possible worker strikes or management lockouts if they fail to reach a new agreement. Neither the USW nor Shell have been willing to discuss the status of talks in detail.

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This lobbying scandal confirms it. The dying days of Labour are upon us

Like Nigeria, the UK has no effective safeguards against such collusion. As the House of Commons public administration committee points out: “Lobbying activity in the United Kingdom is subject to no specific external regulation.” Nor is it subject to anything resembling self-regulation. The sleazebags who suborn our representatives operate in a world without rules.

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