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.
Posts from ‘March, 2010’
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 [...]
£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 [...]
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 [...]
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 [...]
Constructive email correspondence between Shell and the Donovan’s
As you know, the Data Protection Act treats you and John as separate individuals, with each of you having separate rights under the Act. However, as you will appreciate, given your and Johns working relationship and our understanding that you both jointly operate the RoyalDutchShell plc website, it is often difficult to separate out data that relates purely to one or other of you.
THE BLOOD OF THE EARTH: an oil and gas bonanza in Morocco? Dollars, power and terrorism
A former Shell employee ran into an incredible story about an oil and gas field in Morocco. Five years ago he approached the owner of a small American oil company, Mike Gustin, for possible participation in the development of the field. Mike told him that a combination of Saudis accused of sponsoring Al Qaeda, Osama bin Laden and the 9/11 suicide pilots, in combination with the Moroccan royal family was trying to squeeze him out of his discovery and his exploration licences.
Infratil Consortium Expects To Purchase Shell NZ Downstream Assets
THE WALL STREET JOURNAL FEBRUARY 28, 2010, 11:46 P.M. ET WELLINGTON (Dow Jones)–Infratil said Monday it expects a consortium it leads to complete the purchase Shell New Zealand’s downstream assets on March 31. The consortium, which includes the New Zealand Superannuation Fund, still has to obtain a number of third-party consents and approvals, but these [...]
Showa Shell to invest $1bn in solar panels
By Jonathan Soble in Tokyo Published: March 1 2010 07:48 Showa Shell, the Japanese affiliate of Royal Dutch Shell, is placing a $1bn bet on the future of thin-film solar panels as it seeks to become the worlds largest producer of the renewable-energy technology. Showa Shell said the energy payback time of its panels [...]
Security Breach at Shell Reveals Personal Employee Information
Ironically, Shells security breach came at a convenient time- had Shell discovered the breach in April, a new set of rules (covered here and here) would have allowed the company to be charged fines of up to £500,000. However, even without the additional monetary cost, Shell lost something extremely valuable: the trust of its employees. Shell workers are much less likely to remain loyal to a company which isnt proactive about protecting its internal information.
Non-execs get inflation-busting pay rises
By Brian Groom, Business and Employment Editor Published: March 1 2010 00:21 Non-executive chairmen of FTSE 100 companies have received average pay increases of 6.7 per cent over the past year, outstripping inflation at a time when many staff had their wages frozen, according to research published on Monday. Royal Dutch Shell had the highest-paid [...]
Caterpillar moves to cut links with Iran
By Harvey Morris in New York Caterpillar, the US building equipment group, has become the latest company to bow to a lobbyists name and shame campaign by announcing steps to sever trading links with Iran. Lobbyists have also been active in drafting US legislation that would oblige Barack Obama, US president, to act against foreign [...]
Shell’s Pension Fund Shies Away from Active Management
THE WALL STREET JOURNAL By MARK COBLEY and PHIL CRAIG The £10.5 billion ($14.3 billion) pension fund for Royal Dutch Shell PLC has become the latest big investor retreat from active fund management, in a further blow to managers already suffering from reduced market values and a poor economic outlook. In documents posted on the [...]
Shell selling assets to fund £18bn spending
Daily Telegraph Royal Dutch Shell is reportedly selling assets including its liquid petroleum gas business and North Sea fields to meet the cost of its $28bn (£18bn) capital spending programme. Published: 12:12AM GMT 01 Mar 2010 The oil and gas giant predicts that it will raise $2bn to $3bn from selling assets that are not [...]
Shell to divest businesses as it seeks funds- FT
REUTERS LONDON, March 1 (Reuters) – Oil and gas major Royal Dutch Shell (RDSa.L) is selling a number of assets, including its European liquid petroleum gas businesses, to fund a 28 billion pound capital spending programme, the FT reported on Monday, citing unnamed sources. The Anglo-Dutch giant has said it is looking to divest 15 [...]


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