Since becoming Shell's chief executive last year, Peter Voser has announced divestment plans in the company's refining and marketing branch. He wants to reduce Shell's refining capacity by 15%, or around 600,000 barrels a day, over a three-year
March 15th, 2010:
EU Refers Motor Oil’s Buy Of Shell Assets To Greek Regulator
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Shells Voser Said to Plan Oil Production Growth Target to 2020
By Fred Pals
March 15 (Bloomberg) — Royal Dutch Shell Plc, vying with BP Plc to be Europes largest oil and gas ompany, will outline a plan tomorrow to increase output every year until 2020, a person familiar with the companys strategy said.
Chief Executive Officer Peter Voser, due to brief investors at an annual strategy update in London, will say Shell has a pipeline of more than 20 projects with the potential to sustain low single-digit average annual production growth in the second half of the decade, the person said, asking not to be indentified because the presentation hasnt yet been made.
Nigerian Militants Bomb Government Building
DOW JONES NEWSWIRES
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LONDON -(Dow Jones)- Nigerian militant group the Movement for the Emancipation of the Niger Delta, or MEND, launched a bomb attack on the Delta State government house in the city of Warri Monday.
Agence France-Presse reported at 1024 GMT that a blast had rocked a ceremony held to mark an amnesty for former rebel fighters in the city. It wasn’t clear if there were any casualties.
MEND e-mailed a warning of the attack at 1013 GMT, saying the first of three explosive devices planted in the government compound would be detonated at 1030 GMT. The group also threatened further attacks against oil infrastructure in the region, singling out facilities operated by France’s Total SA (TOT) as targets.
Shell Guilty of Fraud to Pay $50 million in Punitive Damages
In 2006, a Los Angeles Superior Court jury found Shell guilty of intentional fraud and concealment, awarding Atallah $1.65 million in compensatory damages, Gwire said, who added that the jury also found that Shell had acted with "oppression, malice or fraud", clearing the way for the jury to award punitive damages.
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