LONDONBP PLC on Tuesday said it is pushing through the biggest shake-up of its oil-production business since it acquired Amoco 12 years ago, as it seeks to increase annual profits by more than $3 billion over the next two to three years.
March 2nd, 2010:
BP Looks to Boost Refining Profits
BP to Boost Profits by $3 Billion, Sees Rising Output
March 2 (Bloomberg) -- BP Plc, vying with Royal Dutch Shell Plc as Europes largest oil company, plans to increase annual pre-tax profitability by $3 billion over the next two to three years by bolstering production and cutting costs.
Shell, Motiva Win U.S. High Court Fight With Station Owners
March 02, 2010, 10:34 AM EST
By Greg Stohr
March 2 (Bloomberg) — The U.S. Supreme Court bolstered the ability of oil companies to change their leases with independent service station owners, blocking a Massachusetts lawsuit against Shell Oil Co. and Motiva Enterprises LLC.
The Supreme Court today unanimously said the suit by a group of station owners cant go forward under the U.S. Petroleum Marketing Practices Act, a 1978 law that gave independent station owners more power in their dealings with oil companies.
£200,000 Legal Aid for Yorkshire Ripper: Zero for war veteran Alfred Donovan sued by Shell
By Alfred Donovan
Appeal: Peter Sutcliffe, shown here after an attack in prison, has launched a High Court bid to be released.
EXTRACT FROM A DAILY MAIL ARTICLE PUBLISHED 2 MARCH 2010:
The Yorkshire Ripper is using taxpayers’ money in an attempt to win his freedom.
Peter Sutcliffe, who murdered 13 women and tried to kill seven more, claims doctors believe he is ‘on the way to being cured’ and no longer poses a risk to the public.
Now 63, he has received legal aid to fund a team of leading barristers in his High Court battle to be released from the secure Broadmoor Hospital. This is likely to run up a bill of £200,000.
Shell decides to stick to its knitting
Posting by former Shell Executive Paddy Briggs on the article “Shell defends continued focus on fossil fuel-paper“: Mar 2nd, 2010 at 11:20 am
Tom Peters seminal book In Scarce of Excellence was first published in 1982 and in it there were eight themes for success in business one of was Stick to the knitting i.e. stay with the business that you know. It has taken Shell quite a while to acknowledge Tom Peters truism ironically as there is no major corporation which has made more of a mess of diversification than Shell. Along the way there have been failed ventures in Coal, Mining, Nuclear Power, Electricity Generation, Forestry, Wind Power, Solar, Convenience Stores, Home insulation
Shell defends continued focus on fossil fuel-paper
FRANKFURT, March 1 (Reuters) – Royal Dutch Shell Plc (RDSa.L) Chief Executive Peter Voser defended the oil giant’s retreat from some green technologies to concentrate on oil and gas production in an interview with the German daily Frankfurter Allgemeine Zeitung.
Shell withdrew from its solar business because it was not prepared to make the required investments, Voser told the newspaper adding that alternative fuel for cars remained problematic.
Voser said Shell was investing between 20 percent and 25 percent of its research budget into biofuels, an area where the company still sees potential.