A fortnight after Shell’s defeat, it’s worth asking: what is Job waiting for? If he’s hoping that shareholders’ anger will abate, he will be disappointed. Fund managers remember how he referred to the bonus issue as “an irritant” and they are determined to be irritating.
Posts on ‘June 2nd, 2009’
Job will also go on the road to meet critics who are demanding his resignation in the wake of the vote.
Royal Dutch Shell, BPs main rival, continues to offer a final salary scheme to its UK workforce, but BPs move is likely to prompt fresh speculation that Shell will follow its competitors lead.
By Alfred and John Donovan Although this story relates to events which occurred many years ago, it reveals the breathtaking hypocrisy of two people currently at the very top of Shell, Malcolm Brinded (above) and Richard Wiseman. Brinded is number 2 at Royal Dutch Shell Plc, having just missed out in the race for the [...]
Tue Jun 2, 2009 8:09am EDT ABU DHABI, June 2 (Reuters) – Low energy investment could lead to a future spike in oil prices, the chief executive of Royal Dutch Shell Plc (RDSa.L) said on Tuesday. “If the oil prices stay volatile I’m afraid there will be too much slowdown in investment,” Jeroen van der [...]
Tue Jun 2, 2009 5:18am EDT ABU DHABI (Reuters) – Royal Dutch Shell Plc said on Tuesday it had seen costs come down in the last few months as it renegotiated with project contractors. “As far as projects are concerned and normal operating costs, we see a lot of our renegotiations … enter with lower [...]
Tue Jun 2, 2009 3:31am EDT ABU DHABI, June 2 (Reuters) – Royal Dutch Shell Plc (RDSa.L) has seen costs come down over the past few months as projects are renegotiated, the firm’s chief executive Jeroen van der Veer told reporters on Tuesday. “As far as projects are concerned and normal operating costs, we see [...]
Is oil thicker than blood?
Western Australias Environmental Protection Authority recommended in April the government approve the project for construction under stringent conditions. California-based Chevron and its venture partners, which include Exxon Mobil Corp. and Royal Dutch Shell Plc should change the location of some equipment at the site to avoid harming flatback turtles that nest on a nearby beach and do real-time monitoring on the effects of dredging to avoid destroying coral, it said.
Woodside, 34 percent held by Royal Dutch Shell Plc, operates and owns one-sixth of the North West Shelf Venture, Australias biggest LNG producer, and is building the A$12 billion ($9.7 billion) Pluto LNG project. Its among companies proposing some 10 LNG developments in Australia and Papua New Guinea targeting a forecast gain in demand in north Asia for cleaner-burning fuel.
Royal Dutch Shell is facing renewed opposition to its investments in Canada’s oil sands from environmental groups, which believe that such exploration work can severely increase the carbon intensity of energy production. However, the adoption of alternate fuel sources is inevitable in the long-term and technological advances have the potential to address many of the environmental concerns.