BP shareholders registered a protest over bonus payments at the annual shareholders' meeting yesterday, with almost 38pc of votes cast against the oil group's remuneration package. However, the motion was still approved.
April 17th, 2009:
BP shareholders revolt against director bonuses
North Sea Protection: U.K. Oil Industry Seeks Aid
New discoveries are miniscule compared to the big finds of its heyday and are harder to develop. Some of the world's biggest oil companies, such as BP PLC and Royal Dutch Shell, have reduced their exposure to the North Sea and have shifted their focus to places like Canada and offshore Angola.
Cnooc invites bids from foreigners on drilling blocks
Chinese oil giants are also increasingly looking to foreign ventures. Royal Dutch Shell PLC said this week that it is in talks with Chinese oil companies about jointly bidding for an Iraqi oil field.
David Greer still bobbing and weaving at Regal
In February, David Greer, chief executive, said he expected the loan documentation to be finalised within six weeks. However, on Wednesday he said: We chose to suspend talks with Macquarie because of the heavy obligations and onerous conditions that were being proposed.
Woodside agrees LNG land treaty
Under the agreement, the traditional landowners of James Price Point, which is north of Broome, would receive compensation of A$1bn (US$718m) over 30 years. BHP Billiton, BP, Chevron and Royal Dutch Shell have stakes in the Woodside-operated Browse Basin project.
The Biofuel Bubble
A horde of startups have smart ideas. But the challenges are many, and the winners likely will be Shell, BP, DuPont, and other majors
Iraq inquiry needs to look into the legacy of two Gulf wars
Except for the contentious initialisation of a Shell gas deal, the people have so far marshalled enough opposition to ward off multinational oil vultures' attempts to stake out 25-year rights to Iraq's resources on the back of shock and awe.