I have some sympathy for Skinner on this score. He is an honourable chairman of the old school and will stay at Rio to see this issue through, although losing the chairmanship of BP will be a personal blow as he also missed out on the chairmanship of Shell, where he spent much of his career.
February 15th, 2009:
Investors and boards on the brink of war
Gazprom to Open First LNG Plant
Gazprom bought control of the $22 billion project after a prolonged crisis that forced Royal Dutch Shell, the project's former leader, and its partners to reduce their holdings. Analysts had expected that the battle would lead to delays. Shell is now a minority shareholder along with Japan's Mitsubishi and Mitsui.
Shell following Paddy Briggs advice in New Zealand?
One of New Zealand's biggest petrol brands, Shell, is considering selling most of its New Zealand operations.
Niger Delta: Tension heightens as Shell sends workers home
Panic-gripped management of the Anglo-Dutch oil firm, Shell Petroleum Development Company, on Friday sent its workers in the restive Niger Delta home due to the worsening insecurity in the region.
Oil Majors In Distress
According to the internal e-mail seen by Reuters, Shell plans to trim its workforce and leave vacancies unfilled and to "ruthlessly" review its use of contract staff.
Rumors of a possible union between BP and Shell
I asked Hayward if the lower prices would trigger mergers among the majors, as happened in the 1990s. BP used the low prices a decade ago to snap up Amoco and Arco. Rumors have been circulating in the European press about a possible union between BP and Shell.
Nuclear lies are keeping you afraid
I am glad the oil company Shell had the wisdom, despite subsidies, to pull out of this flawed project.