BP PLC's $7 billion deal with Devon Energy Corp should help dispel some of the misgivings that have weighed on the British oil major's stock in recent yearsparticularly doubts about its ability to keep pumping more and more oil.
March 11th, 2010:
BP Pays $7 Billion for Offshore Assets
This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website,
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Oil companies look at permanent refinery cutbacks
Royal Dutch Shell said it was reviewing its refinery operations with the idea of keeping only those with the best growth potential.
Politicians Boost Investors’ Oil Giant Revolt
THE WALL STREET JOURNAL
By Phil Craig
Of FINANCIAL NEWS
UK politicians today backed a shareholder revolt against oil giants BP and Shell, giving a substantial boost to demands that the companies assess the risks associated with their controversial investments in Canada’s tar sands.
A cross-party group of MPs has today published an Early Day Motion, a means by which politicians can raise an issue in parliament, calling on the parliamentary pension fund to vote in favour of shareholder resolutions requiring the oil giants to report on their tar sands projects.
Shell shuts down two gas plants in Nigeria
LAGOS Shell said Thursday it had closed down two gas plants feeding Nigeria's power stations so that it could carry out repairs on a damaged supply pipeline in the restive oil-producing region.
Kicking BP and Shell over the economics of Canada’s tar sands doesn’t add up
Daily Telegraph
Last updated: March 11th, 2010
An area near Fort McMurray, Alberta, Canada, where oil sands are believed to lie
The group of investors vociferously trying to persuade BP and Shell to re-evaluate their potential investments in the Canada tar sands has now enlisted a group of MPs in Britain to propose an early day motion questioning the projects financial viability.
The move is part of a pretty well-coordinated campaign mobilised by FairPensions (members: ActionAid, WWF and a number of trade unions). This year, the rebels have managed to get enough shareholder support to submit motions to the oil companies annual meetings against the Alberta prospects, which environmentalists argue will be responsible for high levels of carbon dioxide emissions.
UANI Calls on Shell to Sever All business ties in Iran
EUROINVESTOR.co.uk
10-03-2010 – 17:22United Against Nuclear Iran (UANI) applauds Royal Dutch Shell for its decision to end its sales of gasoline into Iran, but calls on Royal Dutch Shell to sever all business ties in Iran.
UANI, in a letter dated December 17, 2009, called on Shell to disclose the full extent of its business in Iran and to end its business in Iran. Shell responded to UANI on January 14, 2010 and UANI replied to Shell on February 12, 2010. The SEC indicated in response to UANI’s letter that it would “consider the information…in connection with our monitoring of Royal Dutch Shell filings.”
Shell halts supplies to Iran
By Javier Blas and Carola Hoyos in London
Published: March 10 2010 23:11
Royal Dutch Shell on Wednesday said it has stopped selling refined petroleum to Iran, joining a growing list of oil companies and traders which have halted supplies for Tehran.
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