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Posts on ‘November 30th, 2009’

Shell: Talks On Sale Of European Refineries To Essar Extended

THE WALL STREET JOURNAL NOVEMBER 30, 2009, 5:55 A.M. ET LONDON (Dow Jones)–Exclusive talks between Royal Dutch Shell PLC (RDSB.LN) and India’s Essar Oil Ltd. (500134.BY) over the sale of three European refineries will continue for an unspecified period beyond Monday’s deadline, a Shell spokesman said. “Shell and Essar jointly confirm that negotiations for the [...]

Cold wind rules don’t apply to Shell Fat Cat bonuses

Financial Times Oil and gas chiefs win bonuses in spite of missing their targets By Carola Hoyos, Chief Energy Correspondent Published: November 30 2009 02:00 | Last updated: November 30 2009 02:00 Several oil and natural gas companies in the US and Europe boosted their chief executives’ remuneration last year, in spite of often missing [...]

Carbon trading could be worth twice that of oil in next decade

Peter Voser, Shell’s chief executive, has called on governments to introduce a carbon tax or a minimum price for CO² because – as he told the Guardian – the ETS was failing to deliver sufficient incentives to kickstart expensive technologies such as carbon capture and storage (CCS).

Caltex Shares Up 6.1% On Hope Of ExxonMobil Deal Approval

In an interesting observation, Macquarie’s Wood said that blocking the deal would make it hard for Australia’s federal government to push Caltex to buy ExxonMobil and Royal Dutch Shell Plc’s Australian refining assets on energy security grounds, if they should decide to sell them.

Shell axes 100 Australian workers in restructure

ABC NEWS Monday 30 November 2009 About 100 Shell Australia employees will lose their jobs under a company restructure. Shell employs about 3,000 people across the country and has refineries in Victoria and New South Wales. Spokesman Paul Zennaro says the job losses will not be concentrated in any specific area of the company. “We’ll [...]

Poisonous legacy of Motiva Delaware City Refinery

The refinery’s various owners have been investigating soil and groundwater contamination for decades under state and federal oversight. Serious groundwater pollution problems extend as much as 180 feet underground, and more than a mile south of the property. Some of the site’s worst pollution problems remain the responsibility of Premcor and Motiva Enterprises, the refinery’s previous owners…

Shell plans restructure in Australia

ABC News Monday 30 November 2009 The oil and gas company Shell is restructuring some of its Australian business. A new role has been created to lead the local petroleum manufacturing operations, and the company will conduct a reorganisation of the business next year. It is understood staff at company headquarters in the Melbourne suburb [...]