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Posts from ‘January, 2010’

Nigeria’s oil pipeline sabotaged – Royal Dutch Shell

Royal Dutch Shell has shut three oil flow stations in Nigeria’s Niger Delta region after a pipeline was sabotaged, a company spokeswoman has said.

More job cuts at ailing Royal Dutch Shell

The Sunday Times January 31, 2010 By Danny Fortson PETER VOSER, boss of Royal Dutch Shell, will warn of fresh job cuts this week as he reveals sagging profits at the oil giant. Since taking the top job six months ago Voser has cut 5,000 staff. He warned this weekend that the restructuring “may need […]

Shell to sell oil licenses in Nigeria

By Tom Burgis in Lagos Published: January 30 2010 03:20 Royal Dutch Shell is to sell its stake in three Nigerian oil-producing licenses, underlining its new chief executive’s cool stance towards what was long a mainstay of the group’s operations. In recent weeks fresh rumours have circulated that Shell was seeking to dispense of Nigerian […]

Shell COE Peter Voser warns of more redundancies

Sunday Telegraph BP expected to exend gap with Shell in the battle of oil giants The British oil major, now the biggest in Europe, is currently winning the race against its Anglo-Dutch rival By Rowena Mason Published: 8:12PM GMT 30 Jan 2010 Royal Dutch Shell is likely to endure more humiliation at the hands of […]

Is Iraq’s oil strategy too ambitious?

Published: Jan. 29, 2010 at 4:46 PM BAGHDAD, Jan. 29 (UPI) — The chief executives of two of the world’s oil giants have been waxing lyrical about helping Iraq quadruple its oil production over the next decade, but questions linger about whether it can be done. Some energy industry experts believe that given the plethora […]

Ex-BAE middleman charged with bribery

First ever criminal case is brought during corruption investigations into British weapons manufacturer, which began more than five years ago after disclosures in the Guardian David Leigh and Rob Evans Friday 29 January 2010 19.47 GMT One of BAE’s former confidential agents, Count Alfons Mensdorff-Pouilly, was today charged by the Serious Fraud Office with bribery […]

Nigeria militants ‘end truce in Delta oil region’

BBC NEWS: Mend has carried out many attacks over several years Saturday, 30 January 2010 A militant group in Nigeria’s oil-rich Niger Delta says it is ending the ceasefire it declared last October. Jomo Gbomo, who said he was a spokesman for the group Mend, said it did not believe the government would restore control […]

BP May Widen Valuation Gap With Shell on Higher Profits, Output

Shell, whose production has dropped below 3 million barrels of oil equivalent a day, has cut 5,000 jobs. It’s also reorganized management by erasing 20 percent of senior posts.

Oil giants promise to rebuild industry in Iraq

Tony Hayward, the chief executive of BP, said that his company hoped to increase production in the Iraqi field it has agreed to modernise from one million to three million barrels a day over the next 10 years. His counterpart at Royal Dutch Shell, Peter Voser, made a similar commitment on the two fields Shell is involved with.

Shell Sells 3 Nigeria Oil Blocks To Local Companies

LONDON (Dow Jones)–The Nigerian joint venture company operated by Royal Dutch Shell PLC (RDSB.LN) agreed Friday to sell its 30% interest in three oil production licenses that have been shut down since 2008 to a consortium led by local companies for an undisclosed sum, the venture said in a statement.

Shell May Cut More Jobs says Voser

Shell May Cut More Jobs as Energy Demand Recovery Remains Muted January 29, 2010, 07:22 AM EST By Fred Pals and Francine Lacqua Jan. 29 (Bloomberg) — Royal Dutch Shell Plc, Europe’s second-largest oil company, may need to cut more jobs this year to control operating costs as a recovery in energy demand waits until […]

Shell’s North Sea history of safety violations, blackmail and blacklisting

By John Donovan Violation of this court order, Shell warned, could result in the families and survivors concerned being ‘subject to bodily imprisonment: Faced with such legal harassment, even case-hardened lawyers involved in the proceedings reeled in disbelief A book first published in 1996, “PAYING FOR THE PIPER”, provides more evidence of the dark side […]

DAVOS-Shale gas is U.S. energy “game changer” -BP CEO

REUTERS * Shale gas is “global and necessary” -Royal Dutch Shell * Iraq could produce 10 mln barrels oil per day by 2020 * BP CEO expects $60-80 oil price through 2010 By Gerard Wynn and Ben Hirschler DAVOS, Switzerland, Jan 28 (Reuters) – New technologies to extract gas from shale rock have altered the […]

Shell CEO Pledges to Continue Record Spending in 2010

BLOOMBERG By Fred Pals Jan. 28 (Bloomberg) — Royal Dutch Shell Plc, Europe’s second-largest oil company, plans to continue record spending this year in its search for oil and gas. “We need to keep investing throughout the cycle,” Chief Executive Officer Peter Voser said at the World Economic Forum’s annual meeting in Davos, Switzerland, today. […]