Royal Dutch Shell plc .com Rotating Header Image

Posts from ‘March, 2009’

UAE renews gas concession with Shell, Total, Partex

ABU DHABI, March 31 (Reuters) – Abu Dhabi has renewed its onshore gas concession with Royal Dutch Shell (RDSa.L), Total (TOTF.PA) and Partex, United Arab Emirates state news agency WAM reported on Tuesday.

Royal Dutch Shell and Royal Bank of Scotland to merge

Posted on March 31st, 2009 by Paddy Briggs  RDS and RBS to merge BY Flora Poi The leaked news, yet to be confirmed but buzzing around the City, that the two regal corporations Royal Bank of Scotland and Royal Dutch Shell are to merge has caught analysts and legislators off their guard. The idea that a failing […]

Appeals court pulls judge from $28M contract case

The plaintiffs in the case accused Shell Oil of inducing the corporations into contracts with bogus historical expense and profit figures. The two companies sought $28 million in damages.

FAR, Shell sign deal to conduct exploration program offshore Senegal

First Australian Resources has signed an agreement with Shell Exploration Company to conduct an exploration program in respect of Sangomar Offshore, Rufisque Offshore and Sangomar Deep Offshore blocks off the coast of Senegal.

Despite Interior’s resistance, oil shale R&D efforts forge ahead

“The technology continues to advance. We’re making good progress,” said James Thurman, the manager of regulatory policy for Shell Unconventional Resources. “There’s still a lot that needs to happen. … But nothing is insurmountable.”

Australia’s Nexus sells exploration stake to Shell

PERTH, March 31 (Reuters) – Australian oil firm Nexus Energy Ltd (NXS.AX), which is urgently seeking cash to fund its proposed projects, has sold the rest of its stake in an exploration permit off western Australia to Royal Dutch Shell (RDSa.L) for $19 million.

Michiel Brandjes, Company Secretary at Royal Dutch Shell, to speak on corporate governance

Shell’s company secretary will present his thoughts on the current variety of worldwide systems of corporate governance at Ethical Corporation’s Corporate Governance Summit.

Collapse of crude prices heralds wave of oil industry consolidation

“There are some fantastic opportunities out there,” Mr Savage said. “We are going to see a whole raft of mergers in the months ahead.” He suggested that the most vulnerable companies were those with good access to reserves but little or no current production and insufficient finance to develop projects because of the credit crunch.

Pages 6 & 7 from current issue Shell SPA News: of interest to Shell UK pensioners

CLICK HERE TO READ PDF FILE (TEXT CAN BE COPIED) OF PAGES 6 AND 7 CURRENT ISSUE OF SPA NEWS  (ALLOW TIME TO LOAD) INCLUDES CORRESPONDENCE BETWEEN SHELL UK CHAIRMAN, JAMES SMITH, AND BOB CRAIG, REPRESENTING SHELL UK PENSIONERS Like this:Like Loading…

Risk and reward? In Shell there is no link…

I mentioned a short while ago in an article featured on this website and elsewhere that the remuneration ratio between a mid level executive like me in Shell when I was last employed by the oil giant seven or so years ago was 10:1. The top man in Shell was paid ten times what I […]

Russia ships first Sakhalin LNG to Japan

MOSCOW, March 29 (Reuters) – Russia sent its first cargo of liquefied natural gas (LNG) to Japan on Sunday from a Pacific island project that will allow the Kremlin to extend its reach in world energy markets from Europe into Asia and North America

Green gauge

Power failure: Despite a series of adverts proclaiming an interest in clean power, Shell has announced it doesn’t plan to make any further investments in wind or solar energy

Shell Hopes To Finish Feasibility Study For China Refinery In 09

The location of the refinery and petrochemical-manufacturing complex will be in a coastal area of China, said Lim Haw-Kuang, the executive chairman of Shell Companies in China, without disclosing a specific place.

Shell and the shocking bonfire of its vanities

Does this story mean that you can’t believe a thing that Shell tells us in its communications? Sadly I think that it does and that it will be a long time, if ever, before you can believe a word that they say again.

Royal Dutch Shell will not stand short in the international downturn

New crude oil production is the key to maintenance of competitive ability in the dog-eat-dog world of the international oil and gas super giant companies. To fall behind is to invite a takeover.

News headlines file for Royal Dutch Shell Sex and Drugs Scandal

Selection of news headline links to articles about the Royal Dutch Shell Sex and Drugs Scandal in the USA. Also related reports prepared for the Office of Inspector General of the U.S. Department of the Interior.

News headlines file for Royal Dutch Shell Pension Problems

Selection of links to news articles about Shell Pension Fund Problems which are undermining confidence in the proper administration of the funds.

GREENWASH: NEWS HEADLINES FILE FOR ROYAL DUTCH SHELL GREENWASH

Selections of links to news articles about Royal Dutch Shell GREENWASH activity involving deliberate deception, treating the public as mugs.

NEWS HEADLINES FILE FOR ROYAL DUTCH SHELL RESERVES FRAUD

THE ROYAL DUTCH SHELL RESERVES FRAUD UNFOLDS: SEE OUR SELECTION OF LINKS TO NEWS ARTICLES WITH HEADLINES SUCH AS “INVESTORS HOWL FOR SHELL”S BLOOD”, “SHELL’S REPUTATION LEFT IN TATTERS” & “MEMOS EXPOSE SHELL’S YEARS OF LYING”

Controversy in U.S. fraud claim brought against Shell Oil

The lawsuit centers on claims by Sentis Group Inc., and owner Alan Barazi, regarding a contract with Shell Oil Co. to operate 29 mini-mart gas stations in Kansas City. Barazi disputed Shell’s expense and profit figures and sought $28 million in damages for alleged fraud and breach of contract under the Petroleum Marketing Practices Act. Sentis Group Inc. v. Shell Oil Co., No. 07-2308 (8th Cir.)

Greenwash: Shell betrays ‘new energy future’ promises

The energy company has sold out on its renewable investments, claiming they are ‘not economic’ Fred Pearce guardian.co.uk, Thursday 26 March 2009 10.29 GMT Shell has pulled back from its renewable investments, claiming they are ‘not economic’ Photograph: James Boardman/Public Domain Shell, I have to report, is the new Exxon. The company that back in […]

Jorma Ollila tribute

Mr. Ollila demonstrates his pragmatism defending Shell’s recent decision to stop investing in wind and solar energy and focus generally on biofuels as its approach to climate change measures.

Obama Administration Revives Tax Battle With Oil Industry

A report by the Congressional Research Service last year said the top five major integrated companies — Exxon Mobil Corp., Royal Dutch Shell PLC, BP PLC, Chevron and ConocoPhillips– generated more than $100 billion in profits on nearly $1.5 trillion of revenue in 2007.

Clampdown on greenwash

David Norman, director of campaigns at WWF UK, whose complaint against an advertisement by Royal Dutch Shell last year was upheld by the ASA, gave the change in rules a cautious welcome.

State intervention vital if Britain is to meet its green energy targets, says former BP boss

Britain must revert to greater state control of energy markets to hit ambitious targets on renewable energy and climate change, according to the former head of BP.

Green energy is not such a breeze

One by one, the energy giants that hoisted green flags and trumpeted their conversion to renewables are ducking and diving and hiding behind the curtains. Iberdrola, a big investor in wind farms in Spain and the owner of ScottishPower, is slashing its spending on renewables by 40 per cent. Shell said recently it would no longer invest in wind turbines, preferring to focus its efforts on new biofuel technology, while BP has opted out of the UK renewables market, deeming it to be a poor bet.

Fears for ‘green energy’ after investment is slashed

Shell and BP have shelved or pulled out of renewable energy projects, including a £3 billion project for 341 turbines in the Thames Estuary, and questions have been raised over the future of npower’s £2.2 billion Gwint y Mor farm off the Welsh coast.

Gasbags talk up Santos takeover

SANTOS shares jumped 80c, or 5 per cent, to $16.93 yesterday on revived speculation of a bid from an international oil giant.

With Suncor and Petrocan merging, analysts look at who’s next

“I think it’s possible that they could be acquired, but I think the likelihood with their scale becomes less so, because then it becomes a major transaction, even for a supermajor,” he said, naming ExxonMobil, Royal Dutch Shell and BP as possibilities.

Exxon, Chevron Count Every Dollar to Protect $40 Billion Hoard

At risk for Exxon Mobil and Chevron is money that could be used for acquisitions.

The Great Game Moves North

The U.S. Ninth Circuit Court, for example, ruled last November that before the Royal Dutch Shell company can move forward with exploratory drilling in the Beaufort Sea north of Alaska — for which it had already paid the U.S. government billions of dollars in leases — the U.S. Interior Department needs to further study the environmental impacts of drilling on the sea’s bowhead whale population and nearby indigenous communities.

A noose tightens *(no mention of Shell’s key role in Al Yamamah oil for arms scandal)

But the biggest case was always the Al Yamamah probe, which became even more explosive after it emerged that the SFO was investigating allegations that the company had paid more than £1bn to Prince Bandar bin Sultan, the former Saudi ambassador to Washington. Prince Bandar has also always denied wrongdoing. The scrapping of the Saudi case on national security grounds proved a pyrrhic victory for BAE, however, as it triggered a wave of criticism of the company and was followed by the launching of other investigations around the world.

BP, Shell Renewable Invest Cuts Make Business Sense

LONDON (Dow Jones)–BP PLC (BP) and Royal Dutch Shell PLC (RDSB.LN) have angered environmental groups by quietly cutting back their investment in renewable energy, but experts said the move reflects a business reality that is hard to contest.

Shell water rights opponents band together

The entities are among 25 groups that have logged oppositions against the application filed by Shell Frontier Oil and Gas in water court in Steamboat Springs in late December 2008.

BG succeeds in bid for Pure Energy

Rumours have recently been circulating in Australia that either BG or Shell might make a bid for Santos, another company with interests in Queensland’s coal bed methane with a market capitalisation of about A$10bn.

Australia is the land of promise for BP and Shell

BP edged down 4p to 471¾p and Shell fell 30p to £15.33 amid talk that both were eyeing a $7 billion (£4.8 billion) bid for Santos, Australia’s third-largest energy company.

Jeroen van der Veer and Peter Voser received at Buckingham Palace

Buckingham Palace 23rd March, 2009 The Duke of York, Grand Master, Guild of Air Pilots and Air Navigators, this afternoon received Air Commodore R. Peacock-Edwards upon relinquishing his appointment as Master and Rear Admiral Colin Cooke-Priest upon assuming the appointment. His Royal Highness, Special Representative for International Trade and Investment, received Mr. Jeroen Van de […]

SPD extends Halliburton E&P services in Siberia

LOS ANGELES, Mar. 24 — Salym Petroleum Development (SPD), a joint venture of Royal Dutch Shell PLC and Sibir Energy, has signed a contract extension with Halliburton for exploration and production services in the Khanty-Mansi autonomous district of western Siberia.

Shell May Use Floating LNG Technology in Egyptian Gas Area

March 24 (Bloomberg) — Royal Dutch Shell Plc, Europe’s largest oil company, may produce liquefied natural gas from an area in Egypt using a floating vessel, a government official said.

Todd Monette leaving April 1: Motiva Port Arthur GM gets Shell corporate assignment

Motiva Port Arthur’s General Manager Todd Monette is transferring, effective April 1, from his current position into a corporate assignment within Shell’s Downstream Global Manufacturing group…