By John Donovan Soon after Sir Phillip Watts was escorted by security guards from the Shell Centre in humiliation and disgrace as a result of his leading role in the Royal Dutch Shell securities fraud, Shell directors appointed Jeroen van der Veer to replace him. This was despite the fact that van der Veer and [...]
Posts on ‘April 14th, 2009’
Mitvol, deputy head of environment watchdog RosPrirodNadzor, led a 2006 attack on the Sakhalin-2 energy project that ended only after Royal Dutch Shell (RDSa.L) ceded control of the project to state-controlled gas giant Gazprom (GAZP.MM)
Environmentalists hailed the decision as a victory over “the corporate Goliaths of our time.”
Part of the new arrangement means the fund will now not pay indexation compensation to pensioners from 1 July, as previously stated.
Jorma Ollila, chairman of Nokia and Royal Dutch Shell, says it can help win back respect as long as it does not look like an afterthought. “The best thing is if you don’t do it after the facts but that it is an ongoing feeling,” he says. “Philanthropy is one way [to regain public trust] but it needs to be part and parcel of what you do every day.”
Outrage is felt not just by the general public but by fellow business leaders. Jorma Ollila, chairman of Nokia and Royal Dutch Shell, said: “It doesn’t help any of us when we have such public instances of excess and even wrongdoing.”
Washington’s energy and environment policy risks plunging the US into an economic tailspin that could turn it into “the world’s cleanest third world country”, one of the US oil industry’s most successful chief executives has warned. His views contrast with those of cautious, politically and environmentally correct European oil executives Royal Dutch Shell.
SHANGHAI — Royal Dutch Shell PLC is in advanced talks with China’s two biggest state-owned oil companies on a possible joint bid to develop the Kirkuk oil field in northern Iraq, a person familiar with the situation said.
THE WALL STREET JOURNAL APRIL 13, 2009, 8:09 AM ET By Keith Johnson Crude oil futures fell below $51 a barrel as the market reacted to the IEAs bearish oil-demand forecast, Bloomberg reports. And the demand picture is indeed weak, especially in the U.S., where gasoline demand apparently peaked in 2007 and wont return. Thats due [...]
The Anglo-Dutch oil major has said it wants to expand its presence in the vast fuel retail and refining businesses in China, which are currently dominated by state-run Chinese giants who are keen to boost oil reserves overseas.
The Times April 14, 2009 Need to know Natural Resources BP: The oil and gas group will hold its annual meeting on Thursday, when Peter Sutherland, the chairman, will face calls for his departure because of his involvement as a non-executive director of the troubled Royal Bank of Scotland. Gazprom: The Russian gas group has [...]