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.
Posts from ‘March, 2009’
Posted on March 31st, 2009by Paddy Briggs RDS and RBS to merge
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 bank and a struggling oil company should pool there resources seems extraordinary but no stranger than the bizarre train of circumstances that has led to this apparent accord. The further leaked insider information that the two beknighted ex-CEOs of Shell and RBS, Sir Philip Watts and Sir Fred Goodwin, are to be jointly tasked with the creation of the new global giant has rocked the city to its foundations Its as if Lehman Brothers went bust one insider said over a large glass of Château Margaux 1986.
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.
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.
"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."
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.
Shells company secretary will present his thoughts on the current variety of worldwide systems of corporate governance at Ethical Corporations Corporate Governance Summit.
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.
(ALLOW TIME TO LOAD)
INCLUDES CORRESPONDENCE BETWEEN SHELL UK CHAIRMAN, JAMES SMITH, AND BOB CRAIG, REPRESENTING SHELL UK PENSIONERS
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 as a middle ranking employee was paid. I never had a problem with this. Today that ratio has risen to an astonishing 50:1 the greedy Executive Board of Royal Dutch Shell pay themselves rewards that bare no comparison with what their predecessors of less than ten years ago were paid. Obscene? Of course. And a root cause of Shells current dysfunctionality and troubles as well the evidence would suggest so.
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
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