In Iraq, companies such as BP, Royal Dutch Shell, Chevron and Total will now receive stakes of 75 per cent rather than 49 per cent if their bid wins. Iraq has also lowered the production targets it initially demanded that companies achieved before they were paid for their work.
Posts from ‘February, 2009’
Enron, Lehman Brothers, Royal Bank of Scotland Royal Dutch Shell – what have these corporations got in common? Quite a lot actually but what I was thinking of in particular is that they all have issued glossy and self-promoting documents extolling their Corporate Social Responsibility (CSR) and all of them have been brought to their knees by the grotesquely dysfunctional actions of their most senior executives.
I have written before about the illusionary myth that is CSR and I suppose that the one good thing that might come out of the global financial crisis is that none us will ever again trust the disingenuous garbage that corporations choose to throw at us from time to time. The idea that, say, a tobacco giant like BAT can be socially responsible is absurd but they still peddle this nonsense even though they surely cant expect us to believe it. Do they really believe it themselves? – I doubt it.
Morning Edition, February 27, 2009 · As oil companies plan for the future, they are expecting prices and demand to be higher. Oil company executives were on Capitol Hill this week to discuss offshore drilling, which they say needs to be part of America’s long-term energy policy. Shell Oil Company President Marvin Odum tells Steve Inskeep that he expects demand throughout the world to double by 2050.
Video clip available at… npr
Steamboat Springs The Upper Yampa Water Conservancy District filed a statement of opposition on Friday to Shell Frontier Oil and Gas Dec. 30 request for substantial water rights on the Yampa River.
The only woman to enter the top 20 pensions list was Linda Cook, Shell's gas and power boss. Ranked number 83 on the Forbes list of the world's most powerful women recently, she is under 50 but already looking forward to a pension of £513,057.
OTTAWA -(Dow Jones)- Project costs for a 100,000-barrel-a-day expansion at Royal Dutch Shell PLC's (RDSA) Athabasca Oil Sands Project have climbed to $13.7 billion, partner Chevron Corp.(CVX) said in a filing with the SEC.
Feb. 27 (Bloomberg) -- Exxon Mobil Corp., the worlds biggest company, has amassed a $207 billion stockpile of its own shares that exceeds the market value of all but one of its publicly traded rivals.
Oil giants BP, Royal Dutch Shell and ExxonMobil plan to invest upward of $30 billion apiece this year to gather assets, either through the drill bit or through buying outfits that run out of cash and refinance options.
Oil and natural gas development off the coast of Sakhalin Island in Russia's Far East could have forced endangered whales to leave their habitat in the area, a local WWF spokesperson said on Thursday.
In yet another example of Kremlin energy politics that so unsettle Western investors, in late 2006 Gazprom wrested control of the huge oil and gas field from Shell after it was accused of breaking environmental laws. Gazprom then became the majority owner.
BG likely hopes the move is a knockout punch in its battle with Royal Dutch Shell's Australian joint venture partner, Arrow Energy Ltd., for the coal seam gas producer.
The costs of a 100,000 barrel per day expansion of Royal Dutch Shell Plc's Athabasca Oil Sands Project have climbed to $13.7 billion, partner Chevron Corp said in a filing, well ahead of earlier estimates.