July 22nd, 2009:
95 per cent of Shell people are honest the rest are in senior management
BP Says North Sea Oil, Gas Production Will Drop 9%
Royal Dutch Shell Plc, Europes largest oil producer, sold some U.K. assets last year, including its share of the South Cormorant, Cormorant North, Tern, Eider, Kestrel and Pelican licenses, non-operated interests in the Hudson license and interests in the Brent System and Sullom Voe terminal.
Big Oil Bets on Biofuels
At first glance, it might look like oil companies are pulling out of renewables. At the end of June, BP closed its alternative-energy headquarters. The oil company also has cut its alternative-energy budget and closed several solar factories in Spain. And that's after Shell sold off most of its solar business at the end of 2007.